Cryptocurrency (32 Viewers)

[Sjaban]

Problem is that ICOs have become the new crowdfunding. So there's a lot of tainting of the lot right now.

This was always going to be the case when there’s little to no regulation on issuance, and on the other side people who don’t want to miss out on new crypto. A lot of companies launching ICO’s have nothing more than a business plan and no idea of how to execute it once funds are in. Plus, there are always those who take advantage of the situation and just pump and dump .

It will be interesting to see how they will improve ICO’s without over regulating like with traditional IPO’s


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Buy on AliExpress.com

[Quetzalcoatl]

To rival in what? btc is garbage at anything except being store of value and face of the industry. Crypto adoption isn't coming with bitcoin, because btc doesn't do anything. Crypto adoption is coming with altcoins and their use cases

latest example:
https://resources.wacoin.io/WaBi_One_Pager.pdf

To rival in worldwide acceptance.

What do you think is missing for crypto adoption?

 

[lgorTudor]

To rival in worldwide acceptance.

What do you think is missing for crypto adoption?

That's true and btc will always be King but other cryptos will be more useful to real world's needs, since our discussion began with keiser and btc transactions and if there were better cryptos for that

what's missing?
1. acceptance and understanding of the underlying technology and its value derivation
2. technical hurdles
- it's hard to get into for the first time as opposed to acquiring other assets
- operating between wallets, exchanges is very raw, still. There are dangers everywhere and nobody is responsible if something happens to you, no safety net to bail you out. One typo and your $30k just disappeared, no customer service to call. One misclick on a keylogger, one phishing mail and you are cooked. We need decentralized exchanges + universal, safe and easy to operate wallets with functions such as whitelisted addresses at the very least
3. time

For 2018 I want to sacrifice short term gains for longevity, in other words I'd rather have the crypto market calm down, grow slowly, build substance and earn that marketcap

 

[Sjaban]

That's true and btc will always be King but other cryptos will be more useful to real world's needs, since our discussion began with keiser and btc transactions and if there were better cryptos for that

what's missing?
1. acceptance and understanding of the underlying technology and its value derivation
2. technical hurdles
- it's hard to get into for the first time as opposed to acquiring other assets
- operating between wallets, exchanges is very raw, still. There are dangers everywhere and nobody is responsible if something happens to you, no safety net to bail you out. One typo and your $30k just disappeared, no customer service to call. One misclick on a keylogger, one phishing mail and you are cooked. We need decentralized exchanges + universal, safe and easy to operate wallets with functions such as whitelisted addresses at the very least
3. time

For 2018 I want to sacrifice short term gains for longevity, in other words I'd rather have the crypto market calm down, grow slowly, build substance and earn that marketcap

Agree with your points needed to move forward to get to a more mature state of the market.

Do you believe there needs to be some government involvement regarding acceptance and understanding of the technology and market? Not in terms of control, but creating own dApps and replacing euros with crypto euros for example?


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[lgorTudor]

Agree with your points needed to move forward to get to a more mature state of the market.

Do you believe there needs to be some government involvement regarding acceptance and understanding of the technology and market? Not in terms of control, but creating own dApps and replacing euros with crypto euros for example?


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No need for sloppy government initiatives to scare people with how poorly thought out they are. Industry and free market will pave the way as always

 

[Quetzalcoatl]

That's true and btc will always be King but other cryptos will be more useful to real world's needs, since our discussion began with keiser and btc transactions and if there were better cryptos for that

what's missing?
1. acceptance and understanding of the underlying technology and its value derivation
2. technical hurdles
- it's hard to get into for the first time as opposed to acquiring other assets
- operating between wallets, exchanges is very raw, still. There are dangers everywhere and nobody is responsible if something happens to you, no safety net to bail you out. One typo and your $30k just disappeared, no customer service to call. One misclick on a keylogger, one phishing mail and you are cooked. We need decentralized exchanges + universal, safe and easy to operate wallets with functions such as whitelisted addresses at the very least
3. time

For 2018 I want to sacrifice short term gains for longevity, in other words I'd rather have the crypto market calm down, grow slowly, build substance and earn that marketcap

What I'm saying though, is that it's hard to imagine another crypto or cryptos emerging to be used worldwide as everyday currency. As there are so many out there, what's going to determine which are the one or ones that the world will want to use? And how will the issue of volatility be overcome to make it feasible for everyday use?

 

[Sjaban]

What I'm saying though, is that it's hard to imagine another crypto or cryptos emerging to be used worldwide as everyday currency. As there are so many out there, what's going to determine which are the one or ones that the world will want to use? And how will the issue of volatility be overcome to make it feasible for everyday use?

Difficult to say, everyone is creating their own Blockchains/DLT (generating their own tokens) with no clear golden standard. Seen as development of the technology is still at an infancy stage it could take another few years before anyone really comes out on top. Either that or someone else must come up with a way to make it possible to connect them to each other, those who don’t fit will phase out.


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[pavelnel]

Blockchain is an exciting technology but the cryptos are ponzi schemes all the way. The guys behind them may be tech wizzards but most of them are crooks or economics illiterate or both. Cryptos are get quick rich schemes pretending to be some revolution in decentralization but the fact is they are all centralized and the coins are heavily concentrated. Not to mention how there is nothing limited in their limited supply. The gold is limited and all natural resourses because they cannot be created by humans from thin air. Ask the alchemists. But not the thousands of cryptos with similar characteristics. I do not know how far this bullshit will go but I know that it will not end well for many people. These people will blame the goverments for their own stupidity and greed. They have no problem avoiding taxes and destroying the enviroment when it suits them though.
And one more thing - Max Keiser, Putin's bitch, is a reverent supporter of Bitcoin. This guy has never been right in his life and is a well known charlatan. When people like him are overhyping something it is bound to crash.
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Wow, for its enormous cap of 180 billion USD Bitcoin it is the easiest to manipulate asset I have ever seen. It went to 11 300 USD and then started dropping like a rock but did not go under 11 000 USD. All the sites I follow froze for 20 minutes on price slightly above 11 000 USD hahaha. Obviously once again an exchange stopped for "maintenance" reasons. Unbelievably fragile are these exchanges that cannot handle excessive sell orders but for buy orders there is no problem. Fucking criminals.

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[Wittl]

IOTA's anyone?

 

[lgorTudor]

IOTA's anyone?

bought and sold too early

I always underestimate the dimension of Korean pumps

 

[Wittl]

bought and sold too early

I always underestimate the dimension of Korean pumps

And I just bought a very little amount 3 weeks ago. Definitely should have bought more.

 

[lgorTudor]

And I just bought a very little amount 3 weeks ago. Definitely should have bought more.

nice

 

[Dostoevsky]

Bitcoin punched through its all time high today, sitting at $3200.

I remember talking how good investment bitcoin would be when it had 20 dollar price. They told me I'm crazy at the university.

Mining looks tempting although companies are now investing way too heavy into it which will make the progress even slower.

When we talked about this bitcoin was around 3000 dollars and I was crying because I didn't invest.

At this very moment bitcoin costs over 15000 dollars.

And it's gonna jump higher.

 

[Nomuken]

$17,000 now

- - - Updated - - -

Pretty apprehensive about BitCoin mining or using clouds, looks pretty shady. Feel like other parties wanna make money off of this craze, while my coin wallet will still be empty.

 

[DAiDEViL]

And I just bought a very little amount 3 weeks ago. Definitely should have bought more.

Thas ma swiss boy.

 

[swag]

$17,000 now

- - - Updated - - -

Pretty apprehensive about BitCoin mining or using clouds, looks pretty shady. Feel like other parties wanna make money off of this craze, while my coin wallet will still be empty.

Nice time to short

 

[lgorTudor]

 

[Sjaban]

IOTA's anyone?

Si, still have them.

 

[Quetzalcoatl]

Shit is crazy right now

 

[K.O.]

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