Exactly.
(except not indefinitely as that would enslave future production in usury...this is a myopia of many gold bugs...you need a very slow rate of debasement)
problem is now the world/global economy is run on the opposite ie people using value of future work now, before having done said future work. Tech bubble. Ignoring all fundamentals. Problem who ever got punished? Mark Cuban's Broadcast only made $15 million in revenue, no profit and today he is a billionaire reality TV star. That was 20 years ago. Current example is Elizabeth Holmes who admits her company is: "non-profit", refuses to publish financials, probably has never made a profit and yet strangers just made her a billionaire. This is the present. The reason they do is they think there will be future profit, as Kelsey indicated, but I've yet to see this working on the scale of those billions valuation. Ultimately a good question is where did these billions come from the first place? Originally they were probably from pension plans and taxation dollars before the money started moving around. In essence it was a transfer of wealth from the middle class to a select few. |
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hmmm crashing because of NIS sync issues?
Crashing because we can't get clear answers from NEM team. No one is adopting or using NEM. http://blockexplore.in/search/richlist/There is only 2148 addresses in NEM with more than 1 XEM. In 2014 there was 3000 stakeholders. Although socks were purged, how come NEM doesn't have more than 3000 addresses? How could NEM after launch be smaller than before launch? Something went wrong. The only solution for NEM is to crash the capitalization, let people consolidate and the consolidators will work harder than people sitting around waiting to be made rich. NEM developers are sitting on a 71% premine. Dump the premine. |
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Why do people think Bitcoin is depression proof? In a depression the "cash rich" buy every asset (including precious metals) for pennies on the dollar. The real reason for price of gold increasing during the Great Depression was an artificial market when they confiscated gold and then implemented price fixing. This is something the loony gold libertarians often omit. https://en.wikipedia.org/wiki/Gold_fixingIn 1933, Executive Order 6102 was signed by U.S. President Franklin D. Roosevelt, requiring US citizens to turn in their gold for $20.67 per ounce. Afterwards, the price of gold was set at $35.00 per ounce. Unless the US government confiscates Bitcoin (*trying to contain my laughter*) and fixes the prices to $10,000 a coin ~ nobody is getting rich off Bitcoin in a depression. More like what little buy support for Bitcoin would evaporate. In case you didn't notice, countries like Ukraine, Georgia and Argentina have huge Bitcoin coverage (soon Greece with 1000 ATMs) and yet nobody is buying Bitcoin over there - even though in theory, they need it the most. In practice: when people have no money they HAVE NO money and can't acquire Bitcoins or any assets. |
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People say there is no proof anyone wants a coin but is there any proof anyone wants smart contracts?
People been posturing about smart contracts for a year now and have YET to provide one good use case example for it yet.
BTW Bitcoin only has around 5500 nodes, Ethereum around 300 and most alternates less than that. Can 5500 servers around the world really hold data for all your hypothetical big multinational customers?
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Who cares about this forum? Only alternates people have heard of, in the real world which matters, is Litecoin and Doge. I'm thinking people would sooner go over to Litecoin than to a coin with a mascot of a big fat yellow dog..
Nobody has heard of Ripple. Ripple tried to do "deals" with many banks and companies, like Wells Fargo and Western Union, and yet it felled through each time. Ripple has been doing these pump and dump announcements for years. Ripple being located in the US means it'll probably get the eGold treatment. Ripple already had a huge fine from FinCen.
Nobody has heard of Ethereum. The Ethereum media machine is already slowing down (ran out of money) and only thing they ever really did was publish articles on cryptonews sites read by dozens and hundreds. When the initial launch hype wears off, Ethereum will be joining Bitshares, NXT and the other 2.0s in capitalization & volume.
Monero? Shut the f*ck up!
Clearly the Bitcoin killer will not come from Bitcointalk and won't be listed on any cryptocurrency exchanges. It will simply bypass this subculture.
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Prediction: XEM will slowly lose value and drop down to $50,000 capitalization. When V1 does come out then capitalization will rebound to $500 million.
Time to dump the XEM.
Spoken like a FUDboss. I made the prediction of $50,000 NEM capitalization before. I think we will see it before V1 and the ecosystem companies. Better unload now if you are smart. Even sell at a loss since you can buy back in, cheaper, for later. |
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Bank transfers can take as long as 5 to 8 business days. Bitcoin is still infinitely faster than the orthodox banking institution.
It is wrong to compare Bitcoin with something like Credit Cards, as that is technically payment processing. It's up to BitPay and future Bitcoin payment processing to figure out a mechanism to rival or exceed the utility of the credit card.
The BitcoinFX, although it has support from prominent persons, may in fact be "Lipstick on a Pig". Don't try to turn the pig into a goat. Keep Bitcoin as it is.
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 Very nice graphic and easy to understand. I think a lot of these graphics programs can be downloaded for free on Google but the trouble isn't making them but making an informed and correct comparison between NEM and another project. https://bitcointalk.org/index.php?topic=1153740.0Most of us need threads like the above and hope the information about the other projects are correct. |
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 Makoto Takemiya vs Mark Karpeles who would win in fight |
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Never thought the NEM developers would be public. Makoto looks like a pretty smart guy!
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Well to be fair Dash was Drk and it isn't just another shitcoin. True indeed. DASH, DARKCOIN, NXT, CLAMS, LEO, Ripple....all improving upon the original! Ehh, who am I kidding...they're all the same shit! I am keeping this memo. Bitcoin is backed by over 500k+ users, developers and investors. How many does DASH have? Bitcoin for that reason is pretty sad as a lot of us were lured here through a booming capitalization and/or hype. Barely anybody is using Bitcoin and no alternate has been successful in even getting 1/10th of their user base. |
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Because 99.99% of them are forks of Bitcoin-QT or Cryptonote (Monero). No value in them as you can make your own clone / Monero for free.
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NEM's PoI is a fairer alternative to PoS, comes out in March.
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What do want? NEM! When do we want it? NEM!
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Thanks for the numbers  It's true many people left, will be interesting to see how many people will ultimately remember their NEM May be like this man,who bought pizza for 2000 btc's  It was 10 000 BTC. O.m.f.f.f.f.f.f.f.f.f.g...))) 1 NEM $100  |
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 Looks good and would not need to change images on vice or on the coins |
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Also almost all of their trading volume comes from Ripple Gateways (which are not ripple agnostic and I think they can also trade without any transaction cost, e.g. Ripple can let them just trade with themselves). If one looks at legitimate third party exchanges (e.g. Cryptsy, Poloniex, BTC38, Kraken etc.) Ripple has combined trading volume of less than $8,000. http://coinmarketcap.com/currencies/ripple/#marketsThe third thing is that Ripple got many millions in venture capital funding and I think some this also goes into price stabilization. Perhaps but it's still the #2 crypto. How's decentralization working for the other 300+ competitors to Bitcoin? Not very well.. |
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