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Hey guys. I'm having issues logging into the DeepOnion forum. When I go to the community as a guest everything appears to be fine, but after I log in the entire screen goes white. Does anybody know what is going on here? My user name is Dug Bennett.
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I don't think so. I think there will be a cryptocurrency that is used on a wide scale at some point. It is just a matter of picking the right one. As of now, bitcoin is definitely the front runner. Bitcoin's market capital is well below any major currency, so if it were to become massively integrated into the world economy, it has a lot of room to grow.
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It's either digital gold, or it is digital nothing. I think that is what this great experiment is going to figure out.
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I still think there are a lot of other chances out there. But make sure to do your own research before diving in.  |
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What is any currency backed by? Currency is only backed by the people transacting with it. For example, the dollar only has value because its users see it as a fair exchange for goods. Like any currency, its value is subject to those who agree to use it.
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to become a payment system seems to be very difficult to apply around the world, but for some countries it may be possible
I prefer the bitcoin as it is today, as a money-making investment tool.
indeed the main vision of bitcoin is to become the world currency, but after seeing the rejection of some countries, it seems that it will be very difficult to doing
It can't just be a money making investment tool. If that is all it is going to be, where is the intrinsic value? It only holds value because people think that they will be able to use it for consumption at a later date. Without thinking that this will be the way we transact in the future, you are saying it is worthless. |
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If I had to speculate, I would guess after their air drops are done.
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This is my process:
1. Read the white paper, and find out what the use case of the coin will be.
2. Look into the general market capital potential of what the coin is trying to solve/be involved with.
3. Look at the trend of the coins industry.
4. Look at the market capital of the coin, compared to its circulating supply.
5. Predict how much market capital the coin could take from the status quo.
6. Compare the coin's market capital to the space it is trying to disrupt.
7. Based on that calculation, if there is room for growth, I compare it to its crypto competitors in terms of market capital, developers, and community.
8. If they have lower market cap, better developers, and a stronger community supporting it, I invest.
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news from this country is not very influential, China is still a legit news to make bitcoin bubble. during the Chinese New Year to finished bitcoin doesn't being a bubble
whete is bubble?when did you get that idea?if theres a correction to be made well thats fine but saying bubble is bitcoin all i could say is have some proof.deal with this issue here in forum not just saying some stories whos no ones believing If people start making transactions with bitcoin, it is certainly not a bubble. |
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Real friends, not many of 'em.
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It's basic economics. Someone finds a way to make a profit. Then, more people come into the new market to compete for that profit. Then, the market gets saturated. Then, the strongest survive.
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Good review. I'm a fan of Deep Onion, and I hope the project keeps up the good work!
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I am wondering if there is a security that tracks the entire crypto currency market as a whole?
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Hello everyone hope you all are doing well..!
Does anyone know why the market is crashing ?
I heard lot of things about the market crashing listed below.
1) Market is crashing as Korea and china was going to crackdown on different crypto exchanges.(old news)
After few week we realized no this is not the case it was just the rumor.
2) Market is Crashing due to Christmas and new year it will go up in jan 2018 but in the end nothing happened it started crashing more.(20th dec 2017 to 1st jan 2018)
3) This is the latest one which i heard the issue about USDT (tether) and its legalization or fraudulent God knows better i know after few week this will also not be the reason of downfall to crypto currencies.
Then what is the main factor or thing which we all are missing there are lot of guys who do their analysis based on the graph and charts etc but they are also fail to predict anything so what is actually driving those crypto currencies ? is that ourselves ? Government ?(is it their strategy to do this drama to get bitcoin in cheaper price) Big whales ? ( what they will get out of it don't think so that big whales are the main factor)
what you guys will add for this crash?
I think its crashing because the new people that bought in a few months ago are leaving exiting the markets after not realizing quick gains. |
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I am amazed with number of people being fooled with BTC:
1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
9. Bitcoin has a limited supply, but it does not help much. Bitcoin has a code that can be amended and its enough of small group of people to work together to support that. Question really is: do someone need that hassle? No really. Bitcoin has satoshis, that currently meaningless and just nice numbers after dot, but this a very well painless way to inflate any crypto currency and its up to liquidity providers. Again it falls to point #5 and #6. Added on 24/01/2018
Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.
Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.
BTC is scam of the century, stay away.
UPDATE 23/01/2018:
useless, guys the fact that some of you become reach and wealthy does not make Bitcoin useful. You wealth does not come from values that are used in propaganda.
1. Why I am still here? I believe there are technologies that are better maintained and lead than BTC, I prefer put money in something that bring value, has use-case and been used.
2. LN is panacea! Well not, so far its more dream than reality, no doubt it will be delivered in one or other way, but it will not solve all problems and so far it has more questions than answers.
UPDATE 24/01/2018:
Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.
UPDATE 29/01/2018:
Few points were made here that are unfair:
1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.
2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.
3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?
UPDATE 30/01/2018:
Bitcointalk, and many other crypto related forums are heavily manipulated by bots, the amount of useless posts and conversation is just crazy. Even look at this thread, so much messages about "it will make me reach", "it growing", "I am going to be wealthy" so much manipulation, only in ponzi game this possible. It proves just on how bitcoin is useless, because 90% of people just copy paste message from bots, even not knowing basic fundamentals.
Are you saying that you don't think that cryptos will have a future in our society at all? Or are you just out on bitcoin specifically? |
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It's really hard to pin down the value of crypto currency. Its value is based on the stuff you can get with it. And as of now, there is nothing to compare its value to.
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Keep coming sheeps lol, see how butthurt you are for getting exposed. All those defending this piece of shit Onion coin has the DO signature in their accounts haha. Stop whining and open your eyes as your just being used as a marketing tool.
All of your posts are marketing for the coin in your signature as well. So, I think its a bit hypocritical that you are criticizing another coin for the way they are marketing when you are doing the exact same thing. I've been on the Deep Onion forum, and it is certainly not a scam. Their forum is very active, and the developers are very responsive to the concerns and needs of their community. The spamming issue is something that has caught their attention, and they are working to fix it now. |
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Vote LABOUR get the TORIES OUT..
Trains cost less hospitals running properly more police on the beat VOTE LABOUR..
The money made goes on the public
the money debt goes on the public ALL WITH LABOUR..
TORIES the rich pocket it all while leaving the rest with NOTHING..
The TORIES still borrowing to line RICH SNOOTY peoples pockets..
So instead it being gone on police officers it's gone in rich peoples pockets so the poor suffer..
VOTE LABOUR..
TAX THE RICH TAX TAX TAX ..
So what if they leave they can go else where we will make our own companies..
Then once they leave, and you make your own companies, who is left to tax to pay for all of it? |
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I want to share my opinion on the question of Bitcoin's high volatility, but it is just an opinion so please be patient with me. I've read a few topics here and there where people ask about Bitcoin's volatility, its causes, and whether it is going to end one day if ever. Below is my take on the matter.
People want to know when we will reach the state of more or less stable cryptocurrencies and whether it is possible at all. I think that without wide adoption in the real sector the volatility of cryptocurrencies is not going anywhere. The reason is quite simple, and you don't need to be an Einstein of economics to understand that. For example, fiat currencies have wide application in the real world. You can buy food, water, clothes, whatever with them. In short, you always know how much 1 or 1,000 dollars can buy, and this sets the reference point for the dollars worth of things. And this is the main reason why volatility of major fiat currencies is constrained. Let's take the dollar as an example here. If the dollar becomes undervalued in respect to goods which can be bought with it, people start exchanging other currencies for it, and the dollar value rises. On the other hand, if the dollar is overvalued in respect to the same basket of goods, people start selling it for other currencies, and the dollar value falls. In both of these cases, the effect is diminished volatility.
With mostly speculative assets like cryptocurrencies, it doesn't work like this because there is no such point of reference. Therefore, there is no limit for volatility either. The bottom line is that if we want lower volatility of cryptocurrencies, we need wider application of them in the real world. We need them to be extensively used in commerce as a means of exchange for goods and services, not as a vehicle for speculation.
Wider applications for cryptocurrency comes with more money and that comes with more volatility as well, volatility is not going to subside until we reach a point in which the cryptocurrencies market begin to move a significant amount of the wealth of the world, that will make very difficult for banks and governments to move the price that much but even then volatility will be greater than in other markets. I think you are right. There would have to be much more real world application before the volatility dies down. And before there is more real world applications there will be more volatility. |
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The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they donīt get ripped-off?
Why would it be the government's responsibility to teach anyone about something it didn't create, doesn't control, and doesn't endorse as a currency or payment eco system? Basic financial education like the obligations of credit and home ownership would not entail education about Bitcoin or cryptocurrency. There's no sinister plot to "keep people ignorant" by the government about crypto, there's just no mandate for that type of thing to be taught because it's not anything the government controls. Well the government did create dollars. And it is the government's best interest if we continue to spend the dollars on cheap foreign goods so other economies use dollars. |
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