anyway to get back on topic.
i say my needs are not being meet in crypto. other more traditional means serve me better then anything thats come out of this community (and i'm definitely not alone, as anyone whos tried to use cryptos as a currency would see).
so what is needed in a p2p currency?
Out of curiosity. What needs are not being met? lol where to begin. a usable, simple, widely accepted p2p currency, involving no money changes (ie fee free), with no centralised control, that retains a stable price. What you're asking requires the involvement of millions of people. That can't be designed into a currency. Only governments can force millions of people to use a certain currency, so it makes no sense for you to expect it to happen without centralized control. Moving money takes work, so fees will always exist. As long as there is more than one currency in the world, there will always be "money changes". disagree completely. very simplistic way of looking at things that there are already existing solutions too. |
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anyway to get back on topic.
i say my needs are not being meet in crypto. other more traditional means serve me better then anything thats come out of this community (and i'm definitely not alone, as anyone whos tried to use cryptos as a currency would see).
so what is needed in a p2p currency?
Out of curiosity. What needs are not being met? lol where to begin. a usable, simple, widely accepted p2p currency, involving no money changes (ie fee free), with no centralised control, that retains a stable price. |
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anyway to get back on topic.
i say my needs are not being meet in crypto. other more traditional means serve me better then anything thats come out of this community (and i'm definitely not alone, as anyone whos tried to use cryptos as a currency would see).
so what is needed in a p2p currency?
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certainly way better ways to help the underdeveloped world then token efforts with cryptos. Right, they'd need infrastructure to handle that as well. How many of them share a phone, or smartphone, if you're lucky enough to locate one? Those things are increasingly designed to be used by about one person. Not a community centered around crypto banking. Then they'd need a functional network on which to support a crypto banking infrastructure with mostly full coverage across the geographic area, and a non-subsidized way to pay for that. Then they'd need so much more. There's so much that you'd basically just have to hand to them freely that you'd basically save more money by tossing out the crypto and giving the homeless a home. It's just too costly for the third world. First world doesn't have much left to give with all these trillions of dollars of debt and inflating population growth through social programs these days. These people don't need crypto. They need railways. They need roads. They need water. They need livestock. They need farmland. Alternatively, after more than 6000 years of history has shown, perhaps the extent of the third world is exactly where it's at right now, and they instead need nothing. my point was more they need less stealing of their resources by the developed nations, and less war. at the end of the day tis all about resources rather then fiat. |
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more should join, answer questions get free coins (that oneday maybe a non zero amount), and worst have some fun so nothing too lose.
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kinda lost when people quote banking fees, transfer, payment fees etc
because it rarely cost me anything to transfer between countries or make any online payments or purchase (i work in china often live in austalia, and have travelled internationally alot)....I've always had zero bank fees here in australia, just have to research and shop around. china have more trouble banking across the regions (kinda a strange system) then using its banking os.
most expensive payment system i've experienced is bitcoin oddly enough.
This is not an uncommon experience for many people. Same here. Why would I use Bitcoin for a domestic payment when I can get 1-2% cash back by using a credit card? The reality is that more often than not those who are involved with crypto - currency as: developers, investors / speculators, miners, investors or employees of crypto currency businesses etc., and not the primary market for the use of crypto currency as a payment method. The same online payment that "costs" me -1%, with a credit card can cost someone else 100% or more in fees. but you see thats the point, i do have a need for a p2p currency (and within my needs is a huge market) yet that need todate is not being served. you're expressing as if the only need for cryptocurrency is humanitarian type issues, does anyone in development really care what tribes in africa do, or feeding the homeless? not saying it from a heartles point of view, many would help were they can, but seriously its certainly not the driving force behind the tech. certainly way better ways to help the underdeveloped world then token efforts with cryptos. |
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Poor people and remittance is huge IF the fees are seen as significantly lower and ease of use is there.
But homeless people using bitcoin? Really.
How many homeless have you actually intereacted with? Some are just down on their luck, but most are mentally disabled, drug addicts, or both. They use barter economy and don't have the ability to store long fancy passcodes or keep data. Sure some might have a smart phone but shit gets lost and stolen way to fast.
Bitcoin had a utility when people thought it was anonymous and they could get prohibited items, such as drugs with mail order. Silk road busts crushed this notion. This has left altcoin speculating as the main use for btc. And altcoin speculating is in the toilet.
Crypto needs a pissed off gov person to come on the news and say, those damned kids are using [insert name here] crypto to buy drugs and theres nothing we can do about it
Homeless using Bitcoin. http://www.wired.com/2013/12/bitcoin-homeless-redux/. Edit 1: Now if they are addicted probably not. The idea of say a heroin addict paying for his next fix online and then waiting two weeks in withdrawal for the drug to arrive by mail does not make much sense to me. Edit 2: I have worked with homeless people. I have also observed a person spend $50 to make a $20 payment online. Poverty ain’t cheap when it comes to online payments. kinda lost when people quote banking fees, transfer, payment fees etc because it rarely cost me anything to transfer between countries or make any online payments or purchase (i work in china often live in austalia, and have travelled internationally alot)....I've always had zero bank fees here in australia, just have to research and shop around. china have more trouble banking across the regions (kinda a strange system) then using its banking os. most expensive payment system i've experienced is bitcoin oddly enough. |
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nah. I think most topics need to self moderated or if it's doing well it gets flooded with fuds and competitors.
stay away from new coins and you will never have to face any problem...stick with coins that are old
Complete bullshit, you can't entirely rate a crypto of how long it has been around, best innovations happening are the newer coins, old coins were just a bitcoin/litecoin copy past crap. innovation to sell snake oil bout the only innovative in coins the last 2 years. Biggest snake oil is the shitty bitcoin copy past litecoins your are bagholding. this newer coin/older coin is the most retarded indicator i have seen and gets posted by those who cant invest in newer promising start ups. can't say any coin i've got i'm a bagholder with. liquidity is king, adoption is king, usability and with this litecoin is doing better then all other alts combined and then some  show me a promising new alt coin and i'd gladly invest. and this is what's missing with 99.9% of the older coins which are just a bitcoin copy and will always be used within the crypto circle or just traders who are only looking to exchange them for btc anyway. litecoin is actually doing very poor. do you actually trade much? few crypto traders exchange for bitcoin, bitcoin is the worst trading reserve to use, hence why my reserve is litecoin, not for any other reason then by necessity (ie i have no emotional attachment to any crypto). and yes litecoin is becoming more of the traders coin then a currency, but guess in the real world how currencies get their 'price'. |
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how is this;
"D) The only known altcoin to have github activity or ownership by Bitcoin core devs themselves."
re monero even remotely true.
What is the counterexample? i replied earlier, but yeah litecoin for 1. |
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Litecoin has been steadily going down; it does not bring anything new to the table compared to Bitcoin. There are many other alt coins which are more innovative; they should do better than Litecoin in the long run...  newbie shills repeating this ad nauseam doesn't make it true  |
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The bigger question behind all this in my mind is whether crypto actually solves any useful problem that anyone cares about.
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Very simple. Show me a poor, homeless person, that accepts credit or debit cards. In person cash works but over the Internet, across international borders? Crypto currencies solve this very simple problem. sorry how many poor homeless people use a crypto  over the internet, banktransfers, paypal, credit card, all work just fine, and most people have no problems here. |
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The bigger question behind all this in my mind is whether crypto actually solves any useful problem that anyone cares about.
^this x 1000 so much of crypto i could describe as solutions looking for a problem. |
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some say the blockchain tech is more important/bigger then bitcoin itself. however i think the whole blockchain and like ideas as the biggest thing holding alt to fiat p2p currencies back. also almost all this crypto community is about is ROI, making a currency that increases in value so all the early adapters (ie us), get the spoils. like i've always said, whats the point of making an alternative to the greedy banker controlled fiat if we ourselves become the new breed of greedy bankers you got to look more at what the mass' need. not what gets a few nerdy underground users off. |
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I could argue this point all day, but it'd be a waste of both our times, and send the thread a tad off track. litecoin is one example., but we'll agree to disagree (save me dragging out a ton of evidence this time in the morning). but to a more ontopic important point. I've travelled in the background on so so many 'breakthrough' alt to bitcoin communities, and one thing they all have in common. all doing the exact same thing as many others, yet in their own community thinking what they are doing is so out side the box and original. its almost scary the same stuff being repeated by all. especially when a ton of this 'original' stuff was floating around even before bitcoin. |
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state of cryptos is everything mentioned in the OP post is following the same route ie over-complicating whats technically needed.
small side note;
how is this;
"D) The only known altcoin to have github activity or ownership by Bitcoin core devs themselves."
re monero even remotely true.
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pft
the thing needed to achieve mass adoption, is simplification, bitcoin itself is too complicated for more then just a few nerds to adopt.
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i think the idea of a p2p currency is great, and needed, currency is too important to be left in gov hands (do nothing but devalue peoples hard earned money).
however i've not seen a good implementation of the idea
hopefully though,
but yeah if we are honest to ourselves there is 10001 coins here that are of less real world value then a zimbabwe dollar.
Ya man, hospitals are too important to be left in govt hands, oh wait... There are about 10 countries capable of launching a satellite into outer space... An engineering feat that is orders of magnitude more complex than designing a crypto-currency in your basement... Bitcoin is actually roughly 1990s primitive in a real world terms... and does nothing it claims to do. Crypto projects designed by doctoral level talent tied to universities will make their mark... Or crypto that is highly optimized from the ground up to do a specific task (anon, contracts)... Or crypto specifically targeted to small niches like gaming or dark nets. The parallel is not govt/banking... the parallel is internet companies Google/Facebook/Twitter. i don't disagree with ur individual comments but it'd take a long bow to relate them to my statement. |
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its really sad when a jr. member makes more sense then the devs. a dead simple to solution, temporary? sure, if you consider fixed for years (aka the foreseeable future) temporary...
come on devs, think for 1 hour then change one line.
not a sad as a legendary member backing the killing of bitcoin by an alt. who's that? my bad misread n deleted k, if anything is going to kill bitcoin it will be an array of forks forced out by the core dev team's indecision. XT was a warning, time is running out. don't completely disagree, but don't see such an immediate rush needed. but if XT is adopted there will be a war. if core stays, XT will be a distant bad memory very quickly. |
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its really sad when a jr. member makes more sense then the devs. a dead simple to solution, temporary? sure, if you consider fixed for years (aka the foreseeable future) temporary...
come on devs, think for 1 hour then change one line.
not a sad as a legendary member backing the killing of bitcoin by an alt. who's that? my bad misread n deleted |
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nah. I think most topics need to self moderated or if it's doing well it gets flooded with fuds and competitors.
stay away from new coins and you will never have to face any problem...stick with coins that are old
Complete bullshit, you can't entirely rate a crypto of how long it has been around, best innovations happening are the newer coins, old coins were just a bitcoin/litecoin copy past crap. innovation to sell snake oil bout the only innovative in coins the last 2 years. Biggest snake oil is the shitty bitcoin copy past litecoins your are bagholding. this newer coin/older coin is the most retarded indicator i have seen and gets posted by those who cant invest in newer promising start ups. can't say any coin i've got i'm a bagholder with. liquidity is king, adoption is king, usability and with this litecoin is doing better then all other alts combined and then some show me a promising new alt coin and i'd gladly invest. |
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