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How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?
IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".
To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).
Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.
If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL Wink
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How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?
IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".
To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).
Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.
If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL Wink
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How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies? IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab". To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions). Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves. If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL
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How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?
IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".
To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).
Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.
If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL Smiley
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How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies? IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab". To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions). Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves. If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL
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How many years do you think it will take before people can go to most coffee shops / bars / restaurants and pay with crypto?
I myself dont expect to see this before 2025-2030. Just like with Graphene, the current level of real world usage for the blockchain is very similar to that of graphene - "Graphene can do just about anything except leave the lab".
Graphene and blockchain tech can do a lot of wonderful things - both are wonder technologies with extremely high-potential applications. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough and for a low cost, which so far hasn't been the case for either.
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Personally I have put more than 20% = ~40kUSD into the crypto space. I was only a signature away from a bank loan of 80kUSD in december which I am not extremely happy did not go through (would've bought BTC around 18k). In december my portfolio went from 20k to 81kUSD(was lucky to purchase DeepOnion around 2USD/DO and they hit 18USD/DO 7 days later, and today I am again hovering around 25-28kUSD.
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Im interested in hearing your thoughts on DeepOnion!
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I have been seeing huge gains with Oyster lately but cannot seem to figure out why. Is there any news backing up the recent surge?
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I am a long time investor in cryptos. I started investing back in 2012 when BTC was hovering around 50-200USD/BTC. Lately, I have been investing quite a large sum of my portfolio into DeepOnion. I do know that this coin likely will be high risk/ high reward, but I truly believe that privacy coins will be one of the buzzwords within the crypto world in 2018/2019.
I frequently browse bitcointalk and whenever I see a post about DeepOnion it often has a lot of negative comments towards the community and the coin it self. I know that currently DO does not really offer anything that Monero / Spectre / Zcoin does not, and Deepsend and Deepvault will be the first "unique features" for DO.
Why is it that some of you feel so negative about this coin? And please do not start shredding me to pieces just because I have a deeponion signature. I get to be part of the Deeponion Airdrop doing so, so I might as well add it instead of not having any signature at all.
I have probably spent ~100 hours researching everything I could about this particular coin, and still I didn't get the impression that there was anything wrong with either the community nor the dev team.
Looking forward to hear your thoughts.
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I am interested in hearing what happens once airdrop ends? I have been HODLing and staking Deeponion for quite some time, but I am not sure what will happen with the price once the airdrop ends.. Does any of you have any examples from similar coins?
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I was trying to purchase a BitcoinTalk account sr. member so that I could receive bounties for some of my altcoins. I transferred the amount to him and never heard from him again. I can see that he has been online since and bumping his own post where he is selling the acccounts. Please beware about this user. proof here: https://imgur.com/a/iISdKThe transfer was completed yesterday, and today I have been PM'ing him a couple of times. He does not respond, but he has been active a lot today, bumping his own threads where he is selling/scamming. His profile: https://bitcointalk.org/index.php?action=profile;u=1341270
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I was trying to purchase a BitcoinTalk account sr. member so that I could receive bounties for some of my altcoins. I transferred the amount to him and never heard from him again. I can see that he has been online since and bumping his own post where he is selling the acccounts. Please beware about this user. proof here: https://imgur.com/a/iISdKThe transfer was completed yesterday, and today I have been PM'ing him a couple of times. He does not respond, but he has been active a lot today, bumping his own threads where he is selling/scamming.
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