I don't think you can say that
I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets. Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases. I don't quite get your point Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies" Okay, now I see what you mean But the problem you raise has more to do with Bitcoin transfers versus fiat transfers rather than being able to spend your coins "directly" when you you can spend fiat money without any reservations (read directly in a true sense of the word). In other words, I don't see any particular difference between spending bitcoins when buying goods and spending fiat when buying the same goods. In fact, with Bitcoin you risk your transaction being denied for whatever reason (e.g. a sudden drop in exchange rate). Obviously, there are no such issues with fiat. In short, you make incorrect comparisons since you should compare Bitcoin with fiat, not with stocks or whatever Bitcoin right now is more of a speculative investment than a currency though, at least until sufficient adoption to dampen the volatility takes place. Which is why I've compared it to other assets, rather than fiat currency. But yes, you are right with the risks of using it as a currency with no intermediary, although the risk is in Bitpay in current situations. How do they deal with this by the way? Are they just speculating that prices will increase? Honestly, I don't know But if I were in their place, I would be massively hedging their exposure to price volatility on major exchanges such as Bitfinex or Poloniex, the exchanges which allow shorting. There are many ways to get rid of volatility risks, so it is certainly possible to do. I don't really think that they are speculating since this involves additional risks, and they likely try to diminish risks, not to increase them. For example, if they have 1000 bitcoins as their turnover volume (i.e. they have this amount of bitcoins at any given moment), it makes sense to short at least some part of this volume. In this way, they become safe from abrupt price changes. It will cost them something (rather small percentage) but it is certainly worth doing Interesting, I wasn't aware you could short Bitcoins. Or do they just sell the ones they get to "short"? I wonder to what extent they mitigate their risks though. If they can sustain themselves while holding any decent amount of Bitcoins that could potentially mean massive profits. |
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There are many countries where hundrets of thousands or million of refugees without legal papers live and if the government will switch to electronic money only they will surely start to use something else as cash.
If the government just introduces electronic cash and let everyone participate whether legal or illegal, then the cash will likely extinct in that country. But I personally assume that governments will use the electronic money to control people and collect more taxes!
In that case people would just move to cryptos and ignore the governments to whatever extent possible though. That would be suicide for most governments today and then create a lot of chaos. Most importantly, millions of people still do not have access to the internet and many older people are unable to do so. As long as 100% of people do not learn this skill it is impossible. We don't need 100% of the people on the internet to start moving toward cashless societies. Nobody said that this has to happen in an instant on a global scale. 100% cashless society is not possible in near future but a simple majority of world population in the next 20 years for bitcoin influence may be expected positively because people are taking interest in bitcoin. New generation believes in technology and is totally dependent on technology even countries power consideration is based on better technology and bitcoin is a technology based currency so how a man/society can ignore bitcoin in technology based era. In my opinion, I think the world need to change the payment system to new system apply the blockchain technology from cryptocurrency. With this technology, the risk about hacking is impossible because all user will be the supporter to protect system. Hacking would still be possible and would still happen because people are very careless and would keep falling victim to phishing attacks. But it would be much harder to lose your money that way than through being robbed on the streets or via a "tweaked" ATM. |
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One guy wrote an article saying 3 months ago that Bitcoin will be at $8000 by the end of this year. I didn't believe him, what a mistake!!!
Exponential growth my friend.  |
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Hopefully the price of sonm goes up quickly, I've run out of btc stock now I am already out of stock from last week... cant buy btc at this high price.. looking for some alternate to buy more sonm Just buy fractions of Bitcoins and then flip into SONM. |
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Read the report, really love SONM's obviously hard and continued efforts. Very rare gem of a project.
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In early stages of bitcoin we had sharp drops but now everything is different then ever. we will not see a bubble things again.
community is more strong then other commodities.
We'll see lots of bubbles in the altcoin market. I don't think that Bitcoin will have any major crashes like the 2-3 year period after the first 1k ATH again though. This is quite early to predict that. When Bitcoin reached the ATH of $2.8K, it declined to $1.8K after few days back in July. So Bitcoin is still isn't mature enough to be considered stable investment. Currently it's enjoying boom period but such high pace rise may be a resultant of too much speculative activities. So situation may come that some opposed news could break this ladder and Bitcoin decline back dramatically. I didn't say it's a stable investment. It's one of the most volatile assets in existence right now. But it's unlikely that it will crash significantly for large amounts of time due to the increase in public awareness and interest. No doubt it's public awareness is increasing notably. But still I feel due to continuous rise in price, a speculative layer of price has been developed around Bitcoin. This layer could easily broke if Bitcoin faces any kind of negative FUD. Hence as a result, price may decline 10-20% easily. Also this pace of rise may meet saturation point soon enough which is much needed for long term sustainability of prices. A drop of 10-20% is nothing in crypto though. If Bitcoin goes up 500% and drops 20% nobody in their right mind would care about the drop. And that's what I meant when I said it won't significantly crash for long periods of time, regardless of FUD. There are too many people involved now. The continuous growth of bitcoin's price increases the number of investors. It is now known to social media and was legally accepted by many countries. Its negative issues never blown the trust of people who holds it. In fact, there are big companies which give their fully support on cryptocurrency. I can say that it is now in bubble inspite of many hindrances. There are some economic and political leaders that are starting to FUD Bitcoin lately though. Calling it all sorts of ridiculous names. Let's hope that the new investors study Bitcoin and understand that all the FUD is nonsense, instead of starting to panic which could cause the price to avalanche real quickly. |
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I love how they actually analyze and understand all sides of the market. Something that the vast majority of altcoin projects completely fails to do.
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those freelancers working through your platform, will they get paid in your tokens only?
They will be able to get paid in various cryptocurrencies and perhaps even fiat eventually. When it comes it dispute resolution by voting on your blockchain, is there a minimum number of votes required to make a decision valid? What if an expected large group of token holders refrains from voting at all?
There will always be votes in our token tribunal. People will vote because they'll receive a payment for that  In this way our token holders make profit holding the LNC token and help by solving disputes. What if the votes turn out extremely close? Or even result in a draw? We will always have the exact results, it is very difficult to yo have an exact draw. But if something like that happens the platform holders will find a solution. How about forcing the amount of voters in the tribunal to be an uneven number to avoid draws? |
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I have been holding doge but the value is not increasing I sold some for btc when it was 22 satoshi now I regret why I didn't sold all. Don't know when it will go to the top of empire state building bcz moon is very far for this coin
Mine have been sitting in a bankroll for years. Multiplied them several times over. Don't think I'll ever pull them unless the service closes though. |
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Hopefully the price of sonm goes up quickly, I've run out of btc stock now Hopefully not, I'd like to put in next month's paycheck too. |
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so the asset contract is comming back?! but why let the mco token drop to hell and then change mind afterwards?!
now kris sounds like: oh wow what a surprise making mco useless did drop the price so much that we have to take some action...
what game is this?
Yeah I don't know what's going on either. I hope it was just a flunder and not deliberate market manipulation. But for now let's see what legal workaround they will propose and leave them the benefit of the doubt if investors are going to get what they were promised. |
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I am waiting for more information Asset contract no longer exists. And there is no replacement for it that is relevant to investors. Is that means that the reward system for token holder wont happen? That's exactly what it means. And Kris released a video in which he said that "it doesn't matter anyways Mathematically" - which is completely untrue. He's either not competent of doing basic Math or he's lying to his investors about this issue. He then proceeds with a bunch of buzzwords and promises just like a shady insurance salesman would. I would stay away from MCO if this doesn't get seriously addressed in a way that doesn't insult the intelligence of investors soon, since there are quite a few serious and honest projects that don't behave in shady ways like this. |
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There are many countries where hundrets of thousands or million of refugees without legal papers live and if the government will switch to electronic money only they will surely start to use something else as cash.
If the government just introduces electronic cash and let everyone participate whether legal or illegal, then the cash will likely extinct in that country. But I personally assume that governments will use the electronic money to control people and collect more taxes!
In that case people would just move to cryptos and ignore the governments to whatever extent possible though. That would be suicide for most governments today and then create a lot of chaos. Most importantly, millions of people still do not have access to the internet and many older people are unable to do so. As long as 100% of people do not learn this skill it is impossible. We don't need 100% of the people on the internet to start moving toward cashless societies. Nobody said that this has to happen in an instant on a global scale. 100% cashless society is not possible in near future but a simple majority of world population in the next 20 years for bitcoin influence may be expected positively because people are taking interest in bitcoin. New generation believes in technology and is totally dependent on technology even countries power consideration is based on better technology and bitcoin is a technology based currency so how a man/society can ignore bitcoin in technology based era. Cryptos in one form or another will definitely dominate the Economy in the coming decades. It's just simply inevitable since it's so vastly more efficient than any traditional money system that has been used so far. |
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I am waiting for more information Asset contract no longer exists. And there is no replacement for it that is relevant to investors. |
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sell, an rebuy 3.50 - 4.00 dollar, after fork its gonna be a moonflight
Better to buy when mco price down at $2 and buy again if mco price at $1, because hard fork about two weeks again and i think better to buy at lower price. So if mco price increase we can get more profit Better to not buy at all and make place for honest crypto projects that don't lie to their investors. |
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It was replay of through what we went at the end of August there is just panic and everyone is emptying his bag. At Bittrex having watched the price drop I came to see the reason and I have caught the idea. This happens when update doesn't meet the expectations of investors.
It's not that the update "didn't reach the expectations of investors". It's that the update is a complete fucking insult to real investors. We were promised to own parts of the yearly revenue the token will create and now Kris is saying that the yearly revenue is worth nothing. So either he thinks investors are stupid and won't notice if he uses some fancy terms to back up his nonsense, or he doesn't know how to use Math, or he simply doesn't believe that the company will grow to hundreds of millions and billions of yearly revenue. All three possible options are bad and only greedy dishonest flippers would keep shilling for MCO under these circumstances. |
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Definitely worth it. My computer feels so much faster thanks to the increased load time, but I do have backup HHDs just in case something goes wrong...and for additional backup storage. Always nice to have that extra space around. You mean decreased load time.  (Just nitpicking sorry lol) But yeah, the SSD+HDD combo is undefeatable right now. |
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When it comes it dispute resolution by voting on your blockchain, is there a minimum number of votes required to make a decision valid? What if an expected large group of token holders refrains from voting at all?
There will always be votes in our token tribunal. People will vote because they'll receive a payment for that In this way our token holders make profit holding the LNC token and help by solving disputes. What if the votes turn out extremely close? Or even result in a draw? |
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$50k, worth to invest now?
In Bitcoin? Or altcoins? Asking him with bitcoin or alt coins? Obviously we are on the speculations board for bitcoin so it's $50k investing for bitcoin. If you can avail the price now, just invest with it forget it for 5 years from now and you'll definitely get 100 - 1,000 % return. 100% in 5 years is pretty damn weak though. Can get more with stocks with more safety. Yeah five years will be more like 2000% return for bitcoin That could be a little too much, but it's probably not too far off if things keep going the same way. |
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$50k, worth to invest now?
In Bitcoin? Or altcoins? Asking him with bitcoin or alt coins? Obviously we are on the speculations board for bitcoin so it's $50k investing for bitcoin. If you can avail the price now, just invest with it forget it for 5 years from now and you'll definitely get 100 - 1,000 % return. 100% in 5 years is pretty damn weak though. Can get more with stocks with more safety. |
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