Author Topic: Cryptocurrency Master Thread  (Read 216448 times)

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Offline puniraptor

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Re: Cryptocurrency Master Thread
« Reply #1225 on: March 10, 2018, 10:26:28 AM »
Can coins ever recover from the impact of the speculators to become useful in commerce?

Yes.  I think I’ve gone over that before but once they reach wider adoption the price should stabilize compared to what it can do now.  Bitcoin will more than likely be used as a store of value and cross chain swapped to others for different use cases.  All this will happen behind the scenes and the end user will never know the difference.
How do you get to wider adoption? I don't think you have covered this.
It's going to take people gaining more confidence in the currency.

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Right, but that won't happen as long as it is what it has become.

Offline XocolateThundarr

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Re: Cryptocurrency Master Thread
« Reply #1226 on: March 10, 2018, 10:28:39 AM »
Can coins ever recover from the impact of the speculators to become useful in commerce?

Yes.  I think I’ve gone over that before but once they reach wider adoption the price should stabilize compared to what it can do now.  Bitcoin will more than likely be used as a store of value and cross chain swapped to others for different use cases.  All this will happen behind the scenes and the end user will never know the difference.
How do you get to wider adoption? I don't think you have covered this.
It's going to take people gaining more confidence in the currency.

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Right, but that won't happen as long as it is what it has become.
At some point,  some sort of regulation is going to creep in. At that point,  it will begin to be adopted at a greater rate. Probably won't be BTC either. 

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Re: Cryptocurrency Master Thread
« Reply #1227 on: March 10, 2018, 10:31:17 AM »
Couple of ways.  First it’s got to be able to scale, SegWit is helping clear the mempool so people aren’t waiting hours or even days at its worst for confirmed transactions.  It’s got to be easy to use.  People don’t care what protocol a website uses to serve content, whether it’s TCP or UDP, they just want it to work.  It’s got to be secure, so people don’t lose money by sending BTC to a BCH address, the wallets have to stop people from making those mistakes.

It’s got to be able to interact with the currencies that we have now, outside of centralized exchanges.  Hodlhodl.com is a great example of progress on that front.  Additional technical upgrades like MAST to allow for more applications other than just a store of value.  Price fluctuations are another thing, I think I commented to Dlew12 about this but eventually the price should somewhat stabilize.  Those are ways it will get broader adoption.

Offline puniraptor

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Re: Cryptocurrency Master Thread
« Reply #1228 on: March 10, 2018, 10:35:34 AM »
the technical stuff is practically irrelevant to adoption compared to price stability

And the price won't stabilize without wider adoption

Classic catch-22


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Cryptocurrency Master Thread
« Reply #1229 on: March 10, 2018, 10:39:52 AM »
I disagree, you make it not just some abstract thing and easy to use for the common person and people will actually use it, and not just speculate on its price.

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Re: Cryptocurrency Master Thread
« Reply #1230 on: March 10, 2018, 12:01:43 PM »
Wouldn’t bitcoin have to become easier to use than dollars for people to start accepting it? It seems like it is trying to solve a problem that doesn’t really exist right now but could be useful in some sort of doomsday Mr. Robot scenario where the dollar collapses.

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Re: Cryptocurrency Master Thread
« Reply #1231 on: March 10, 2018, 12:06:07 PM »
For me, I would love to be able to make all of my online purchases with crypto.  That way, none of my credit card information is exposed online.
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Re: Cryptocurrency Master Thread
« Reply #1232 on: March 10, 2018, 12:10:00 PM »
For me, I would love to be able to make all of my online purchases with crypto.  That way, none of my credit card information is exposed online.

You wouldn’t get any rewards that way.

Offline XocolateThundarr

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Re: Cryptocurrency Master Thread
« Reply #1233 on: March 10, 2018, 12:14:58 PM »
For me, I would love to be able to make all of my online purchases with crypto.  That way, none of my credit card information is exposed online.

You wouldn’t get any rewards that way.

I don't buy that much stuff online.  Most of my points come from POS transactions.
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Re: Cryptocurrency Master Thread
« Reply #1234 on: March 10, 2018, 12:19:42 PM »
Econ101

Quote
Speculative instruments are not stores of value. They may "have value" when purchased, but are not "a reasonably stable store of future value". As mentioned above, the key to defining if an asset can be considered a store of value, is that it can predictably retain purchasing power into the future.

At various times throughout history, people and nations have famously made the mistake of believing that they could "store value" in speculative instruments, misunderstanding that ones personal choice to invest in a speculative asset does not automatically convert that asset into a proper and predictable store of value.

Examples of assets that are not traditionally considered stores of value:

Stocks – A share of ownership of a publicly-traded company
Cryptocurrencies – digital currencies
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Re: Cryptocurrency Master Thread
« Reply #1235 on: March 10, 2018, 12:45:20 PM »
Econ101

Quote
Speculative instruments are not stores of value. They may "have value" when purchased, but are not "a reasonably stable store of future value". As mentioned above, the key to defining if an asset can be considered a store of value, is that it can predictably retain purchasing power into the future.

At various times throughout history, people and nations have famously made the mistake of believing that they could "store value" in speculative instruments, misunderstanding that ones personal choice to invest in a speculative asset does not automatically convert that asset into a proper and predictable store of value.

Examples of assets that are not traditionally considered stores of value:

Stocks – A share of ownership of a publicly-traded company
Cryptocurrencies – digital currencies


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Re: Cryptocurrency Master Thread
« Reply #1236 on: March 10, 2018, 03:26:51 PM »
That is from the chief engineer of google, the big tuck.
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Re: Cryptocurrency Master Thread
« Reply #1237 on: March 10, 2018, 08:51:46 PM »
Adorable.

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Re: Cryptocurrency Master Thread
« Reply #1238 on: March 12, 2018, 10:10:22 AM »
If I were a betting man (I am), I would be willing to wager a substantial sum that the chief engineer at google owns a crap-ton of bitcoin.

 :buh-bye:
bears are fast...

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Re: Cryptocurrency Master Thread
« Reply #1239 on: March 14, 2018, 01:23:35 PM »
https://www.theverge.com/2018/3/14/17118846/google-ads-ban-cryptocurrency-ico

Capital hill is also having a hearing today on ICO’s.  CoinBase legal counsel said they don’t deal in ICO’s yet ETH was literally the first ICO created.

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Re: Cryptocurrency Master Thread
« Reply #1243 on: March 15, 2018, 03:52:28 PM »
Something an extremely high amount of ICO’s can’t say.

https://twitter.com/soonaorlater/status/974368766015430656

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Cryptocurrency Master Thread
« Reply #1244 on: March 15, 2018, 09:26:58 PM »
omg

https://twitter.com/jraines/status/954108850344374273

:cool:

https://twitter.com/jraines/status/954108850344374273

Edit: well that didn’t work as I expected. The lightning network that released to mainnet today retweeted this tweet.

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Re: Cryptocurrency Master Thread
« Reply #1245 on: March 15, 2018, 09:30:41 PM »
For those that have been around, I’ve been talking about this for a long time.  I’m very happy it’s now(beta) on mainnet.  There’s no stopping the innovation.

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Re: Cryptocurrency Master Thread
« Reply #1246 on: March 18, 2018, 09:28:14 AM »
Fire sale :peek:

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Re: Cryptocurrency Master Thread
« Reply #1248 on: March 18, 2018, 10:14:08 AM »

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Re: Cryptocurrency Master Thread
« Reply #1249 on: March 18, 2018, 01:42:08 PM »
:lol: rubes like FSD who don’t understand that nothing is stopping this train.

https://99bitcoins.com/bitcoinobituaries/