Crypto Predictions
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@momurda said in Crypto Predictions:
@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Several governments have already done this. It's not just predicted that this will happen more and more, it's already happened.
Which ones? the ones that host shady tax and banking laws for tax evaders in the US and around the world?
The EU? Not likely.
https://arstechnica.com/tech-policy/2018/02/european-bankers-scoff-at-bitcoin-for-its-risk-huge-energy-inefficiency/
The US? The US is so corrupt from bottom to top at this point it wouldnt surprise me if the US becomes the only government to accept bitcoin, just so thievery by US leaders can be accomplished more easily.
Russia? Yes probably, but they choose oppression and tyranny over and over again for the last 200 years, so yea.
India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.
I could go on, but the reality is you can say whatever you want, your actions define you.
Mining bitcoin is stupid as fuck and a huge waste of electricity, and supports the worst sort of criminals mostly.
Not even started talking about how making fake money by running a math program on your computer is like... boasting about being a millionaire even though you inherited all the money from someone else without earning it, or becoming rich by being a 'day trader'.So basically you just listed WHY crypto is the new currency. You don't trust any country or currency system currently, crypto might be the fix to all of that. So now I see why crypto is so important, because we can't trust anything but crypto!
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@momurda said in Crypto Predictions:
I could go on, but the reality is you can say whatever you want, your actions define you.
Crypto also helps with the best stuff... getting stable currency and ability to pay people in war torn countries, support medical efforts, enable global commerce, reduce government intrusion.
If actions define us, crypto is the salvation of humanity. NOw I feel using cash is evil - because it empowers corrupt governments.
You can't paint the concept of money in such broad strokes. Crypto is a technically advanced currency, nothing else. Period. It's that simple.
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@momurda "India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned."
India has not banned Cryptocurrency: https://www.forbes.com/sites/sindhujabalaji/2018/02/06/india-is-not-banning-cryptocurrency-heres-what-it-is-doing-instead/#673cea5f7c6f
Everything you have posted is categorically false, you honestly don't deserve any further responses. Stating outlandish things and making character claims about a large portion of the world's population without citation doesn't deserve attention.
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@momurda said in Crypto Predictions:
India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.
Holy smokes, you just make things up as you go along don't ya?
As of 11/2015: "94 percent of Indians living in urban areas have electricity, only 67 percent in rural areas have power."
As of 03./2017: "WaterAid said over 63 million rural Indians - the equivalent of the population of Britain - do not have clean water to drink, cook or wash with, largely due to remote locations, weak infrastructure and poor planning."
India has a population of 1.3 billion, 63 million is just below 5%.
Majority: "a number or percentage equaling more than half of a total"
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@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Several governments have already done this. It's not just predicted that this will happen more and more, it's already happened.
Which ones? the ones that host shady tax and banking laws for tax evaders in the US and around the world?
The EU? Not likely.
https://arstechnica.com/tech-policy/2018/02/european-bankers-scoff-at-bitcoin-for-its-risk-huge-energy-inefficiency/
The US? The US is so corrupt from bottom to top at this point it wouldnt surprise me if the US becomes the only government to accept bitcoin, just so thievery by US leaders can be accomplished more easily.
Russia? Yes probably, but they choose oppression and tyranny over and over again for the last 200 years, so yea.
India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.
I could go on, but the reality is you can say whatever you want, your actions define you.
Mining bitcoin is stupid as fuck and a huge waste of electricity, and supports the worst sort of criminals mostly.
Not even started talking about how making fake money by running a math program on your computer is like... boasting about being a millionaire even though you inherited all the money from someone else without earning it, or becoming rich by being a 'day trader'.So basically you just listed WHY crypto is the new currency. You don't trust any country or currency system currently, crypto might be the fix to all of that. So now I see why crypto is so important, because we can't trust anything but crypto!
Haha! He obviously doesn't understand the decentralized nature of crypto currency. Because his whole response proved why crypto is so important to fixing corruption.
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@momurda said in Crypto Predictions:
@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Several governments have already done this. It's not just predicted that this will happen more and more, it's already happened.
Which ones? the ones that host shady tax and banking laws for tax evaders in the US and around the world?
The EU? Not likely.
https://arstechnica.com/tech-policy/2018/02/european-bankers-scoff-at-bitcoin-for-its-risk-huge-energy-inefficiency/
The US? The US is so corrupt from bottom to top at this point it wouldnt surprise me if the US becomes the only government to accept bitcoin, just so thievery by US leaders can be accomplished more easily.
Russia? Yes probably, but they choose oppression and tyranny over and over again for the last 200 years, so yea.
India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.
I could go on, but the reality is you can say whatever you want, your actions define you.
Mining bitcoin is stupid as fuck and a huge waste of electricity, and supports the worst sort of criminals mostly.
Not even started talking about how making fake money by running a math program on your computer is like... boasting about being a millionaire even though you inherited all the money from someone else without earning it, or becoming rich by being a 'day trader'.The US has more reason than any else to be against crypto. As the dollar has been the world's standard for awhile now. It is slowly drifting away, but would ALWAYS be in the United States best interest to use the dollar so what you said makes absolutely no sense.
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What happens when cryptocurrency isn't so cryptic any more? Like when quantum computing comes out?
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@tim_g said in Crypto Predictions:
What happens when cryptocurrency isn't so cryptic any more? Like when quantum computing comes out?
Hopefully by then we won't need money. . .
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@tim_g said in Crypto Predictions:
What happens when cryptocurrency isn't so cryptic any more? Like when quantum computing comes out?
We've got quantum computers already, just ask IBM, they'd love to sell you one. They're more like the early 70s computers the size of an entire room for a 10-qbit cpu. They're also very slow because of the sampling process needed to figure out what state the qbit is in.
They would reduce the amount of time needed to break the encryption by an order of magnitude, but you'd need multiple orders of magnitude to get a realistic time scale.
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“The elliptic curve signature scheme used by Bitcoin is much more at risk, and could be completely broken by a quantum computer as early as 2027,”.
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@irj said in Crypto Predictions:
@computerchip said in Crypto Predictions:
Even if we have seen to floor (which is I believe it's close,) I don't think we will see 20k again until around October 2018 at the earliest.
Honestly, I think bitcoin's days as market leader are numbered and we may never see $20k again on bitcoin, but the market will continue to grow overall. I am looking at litecoin to move into the top 3 next week. I htink by the end of the year, there may be an obvious gradual move of another coin to start gaining on bitcoin.
Hmmmmmm.....
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@tim_g said in Crypto Predictions:
What happens when cryptocurrency isn't so cryptic any more? Like when quantum computing comes out?
Just need new quantum currency.
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My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.
When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.
Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?
Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?
How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.
Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.
With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.
Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?
And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know. -
@guyinpv said in Crypto Predictions:
My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.
When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.
Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?
Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?
How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.
Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.
With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.
Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?
And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.
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@computerchip said in Crypto Predictions:
Anyone who thinks "crypto" has no value, can take a look at this crypto.
That's not cryptocurrency
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@computerchip said in Crypto Predictions:
@tim_g said in Crypto Predictions:
cryptocurrency
Well...ok, you got me, it's a digital currency.
Eve online's ISK is the defacto digital currency. It can easily be transfered to any number of currencies and it's been incredibly stable.
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I was definitely a nocoiner for awhile...
