After 4+ years in the space and countless hours of research, it is becoming increasingly apparent that BTC is the only worthwhile project. Also by the thread title, you can probably tell its not my first rodeo. Some of my strongest reasoning is specified below, it is by no means comprehensive. While I may have typed the below with conviction, I am openminded to other views (my wallet compels me so) - please put forth your opposing views. - PoW is the only true Byzantine Fault Tolerant consensus mechanism. PoS is not BFT at this point in time and I do not see how it gets there. At the end of the day, under PoS and the many other consensus mechanisms, one needs to trust a third party to relay them the correct data and that is assuming that one can be certain that the delegated node holds the majority of the voting power – this is not trustless and re-introduces third parties. With PoW, I can verify the hashes and the longest chain is the correct one.
- Bitcoin as a base layer focuses on censorship resistance, immutability, security and decentralisation. Second layer solutions (scalability/escrow) can be built on top. Claims by other ‘cryptocurrencies’ to be ‘better than bitcoin’ are ignoring trade-offs involving BTC’s key features. Any appreciable increase in throughput will reduce security, decentralisation, immutability and censorship resistance.
- There cannot be a ‘next Bitcoin’ and the paradox of replacing a store-of-value (SoV) applies. Any successful replacement of BTC will forever undermine the credibility of any successor. We are instead made to forever question the replacement of a SOV. How is an investor to know it won’t happen again?. Any other attempt at digital money ‘fails by succeeding’, it fails the eco-system by replacing Bitcoin and ultimately fails itself. By way of example, Gold is the precious metal SOV of choice, most governments/institutions warehouse little or no silver. If silver supplants gold as a SOV, then I’m all out of precious metals because one cannot trust silver will maintain its SOV dominance.
- Medium of exchange(MoE) aside, I can’t think of another legitimate use case for ‘decentralisation’. At a stretch illegal marketplaces may benefit from decentralisation given the risk of censorship or seizure of assets. All these other uses cases like smart cities, record keeping, supply chain, fundraising etc are far better managed through centralised databases where it is not unacceptable for the user/operator to bear some of the risks cumbersome decentralised platforms seek to eliminate.
- If (and it’s a big if) smart-contract enabled platforms finds widespread commercial use, the ‘utility’ basis for value for many of these smart-contract enabled platforms acts as a ceiling to price. An increase in fees to use the network will result in competitor chains becoming more attractive.
- For smart-contract enabled platforms, infrastructure limitations decrease the ability of users to run fully validating nodes (compared to a cryptocurrency targeting a MoE use only).
At this point, I mostly agree. In the future, who knows? Things might still change, more coins might decouple from BTC, and some projects might even overshadow it. I'm not saying that it will happen, but it might happen, so yeah, we'll see. |
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It is still a bit complicated for newcomers to figure it out easily, there are no regulations, Trump himself bashed it, thus becoming the first US President to even acknowledge the existence of cryptocurrencies... Not to mention that, for all the use cases BTC already has, it's still not enough for mass adoption. Things will change over time, but we need to be patient and tenacious. |
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I was just wondering if one day it would be possible for cryptos such as Bitcoin (BTC) OR Ethereum (ETC) to become mainstream one day for people to use for day to day transactions on a daily basis. Because I heard that the people in Zimbabwe with their economic difficulties use cryptocurrencies as a means of trade.
Would the world adopt cryptocurrency as a means of transaction, what do you guys think?
I would say that that is a certainty at this point. The adoption and expansion of cryptocurrencies around the world has been on a constant rise for years now. It advances slowly, but it advances. New regulations are coming out all the time in various countries, and more and more merchants are getting encouraged to start accepting crypto. There are still some technical problems to deal with, such as scalability, as well as the volatility of crypto prices, but yeah, give it 5-10 more years, and I think you would be able to use BTC or some other coin to pay for most stuff online, as well as for most stuff in general, in some of the most crypto-friendly countries. It might take longer for technologically-underdeveloped countries, or anti-crypto regions, but that all remains to be seen. |
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He probably had them in mind, at least as a possibility. He's likely the only one who can answer with any certainty, but I think that he must have had them in mind, since he's clearly well-educated and thoughtful.
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If someone has 60 BTC can he start a decent crypto business to make passive income? Please share some business ideas. What would you prefer? Casino/Sportsbetting/Wallet/Exchange and which has the highest earning potential? Provided i have funds - 60 BTC and no knowledge regarding business and i am not a designer but i want to start my own crypto business. Where can i start? Where can i find and hire team for myself like designers/developers etc to start my business? I know good team can help the business grow but bad team can ruin everything so what are the things to look for before starting a business? Where to get the business partners with good ideas and genuine team? Where would you start from if you are in my situation. Please share your opinions in this thread  I would always invest into property, rather than some business. Businesses fail, land or property does not. It's a good way to secure a future, as you never know what might happen to a business, or even to a currency, for that matter. |
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Firstly thanks to all for reading my topic.
Who has had more success in this crypto market?
1. Traders
2. Investors
You you have any skills? From which you have made enough profit or How much amount you loss??
Welcome to share your skills.
I don't expect anyone will be able to give a definitive answer to that. Both investors and traders make a profit in their own way, and can't really be compared in the same way two traders or two investors could be compared to one another. Sure, an investor can make a few thousand $ by holding a coin for a year. However, a capable trader will make the same amount, only in portions, instead of hodling. |
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Well that's hardly going to help. Criminals will find a way, as they always do, and regular people and business owners are going to suffer because of it. It might be good for crypto, but that remains to be seen.
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I noticed that there are quite a number of crypto-powered social media popping out in recent years. I believe the most successful one is Steemit, which most of us can agreed on. There are also other social network platforms like Appics, Uhive and etc. I am curious to know if anyone of you is willing to switch from the daily social network app like Facebook, Twitter and Instagram to crypto-powered social network. And if you could, do share your reasons for doing so.
I think that they may be underdeveloped still, I have an account on Steemit, but I only made a couple of posts before I gave up on it. The experience felt relatively limited. They might be a thing in the future, but for now, I don't think I would switch completely. |
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Sounds to me like everybody wins. Companies have a regulatory-friendly environment, Malta is advancing economically, and the crypto industry has a place where it can freely develop and evolve. Good job Malta, way to set up an example for others to follow.
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Not surprising, most companies do that. It is well known that even some VPNs, which are all about security, might sell your information to advertisers or the government. Especially free ones. Coinbase is primarily a company looking to make a profit, so they will sell whatever they can. Besides, i think that the SEC does require exchanges to provide information about their traders? That way, the authorities know how much you owe in taxes, right? So, with information about your financial situation being at their disposal, why wouldn't they also ask for your metadata and alike? The more info they gather on you, the better for them. |
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Billion？ Trillion？Quadrillion？
Who can tell? Many in China still invest and trade thanks to VPN and foreign exchanges. If cryptos get legalized, the market would definitely skyrocket, but there is no way of telling how much it might grow. It would be interesting to see, but it is unlikely to actually happen. If China allows the use of cryptocurrency, it will be the use of its own cryptocurrency. |
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Bitcoin 2017 Price Rise was a Scam by Bitfinex using Tether(Fraud, fractional reserve digital currency) https://cointelegraph.com/news/one-whale-was-behind-bitcoins-2017-bull-run-claim-researchersResearchers have escalated their claims about market manipulation in winter 2017, now claiming that a single whale was responsible for Bitcoin’s historic price surge. The development was reported by Bloomberg on Nov. 4.
John M. Griffin and Amin Shams — of the universities of Texas and Ohio respectively — have updated their previous research, which made the case that market misconduct was allegedly behind Bitcoin’s bull run to an all-time high of $20,000 in December 2017.
“Clairvoyant market timing” or manipulation
Griffin and Sham’s analysis, first published in a research paper in June 2018, had argued that transaction patterns on the blockchain suggested Tether had been used to provide price support and manipulate the Bitcoin market: Here is the real news, there was no real adoption, and their is still not, just a lot of market manipulations from Bitfinex. Which is why the markets keep dropping and dead cat bouncing. Once the class action lawsuit destroys the tether scam, expect the same scammers to sell out of all tether and other cryptos before the verdict crashing the markets to lows not seen in 5 years. https://thenextweb.com/hardfork/2019/10/08/class-action-lawsuit-alleges-bitfinex-tether-cost-cryptocurrency-market-1-4t/* Part of the reason so many exchanges are closing up shop, they all know the real collapse is coming. *Good Day and Good Luck. First, I don't think that it was a scam. Second, even if it was, it definitely raised awareness, which is good in the long run. Unfortunately, a lot of people lost a lot of money, and that is a shame. I'm not saying that scams are good, regardless of the result. However, if there is a silver lining to the event, it's that more people had learned about BTC because of it, that it all. |
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bitcoin is being used in so many places throughout the world but it can be so much more. It's obvious that there are so many freelancers in every country. Firms, companies, startups etc.. have a limitation that they can hire freelancers only from their country since they can pay them only in their native currency to avoid hassle of exchange. But if firms, companies, startups etc.. start using bitcoin as a payment method to hire freelancers then there will be so many opportunities for the freelancers since they can get work from anywhere in the world. I don't know why has this not become a huge thing until now. This could really change the life of freelancers and give a better end result/product to the company they are working for.
I agree, freelancers could benefit massively from accepting BTC payments. I think that we will come to that someday, only the progression is slow. Many are already looking for Bitcoin-paying freelance jobs, although there is probably also a lack of clients who are willing to pay in crypto. |
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One day, I think to myself about how to spreads bitcoin to other people. After I create threads https://bitcointalk.org/index.php?topic=5191717.0, I see many of us don't try or don't have time to come into a gathering or make a meetup. So how we can introduce bitcoin to local people in our country if we are not trying to tells them about bitcoin? I know that will related to the regulations in every countries but we can introduce to our close friend so they will spread it into their closest friends too. And if this is succeed, I think cryptocurrency will grow step by step. I know we can spread bitcoin online, but that doesn't mean all people in your country are aware of bitcoin. How they can know bitcoin if they never use the internet to search the news while we can tell them about bitcoin and another coin by offline. I tried spreading the word amongst my friends, family, and alike, but pretty much no one cares. Then again, my country is quite behind world trends, so maybe in another 10 years or so. I mean, we do have a tiny crypto community that probably consists of like 50 people tops, but that's about it. |
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Who is right? Devs or users?
I'm new to Lisk. Thought about investing as I like the idea behind it and as its price is super low. But the more I read about it, the more doubts I have.
Devs may be right as they know what they are up to, but it is the users that keep the project alive, if they are interested in it. You know what they say, 'The customer is always right.' If no one uses the coin, it can have the most amazing tech ever, and it still wouldn't matter, so I'm inclined to side with the users on this one. I'm not a huge expert on Lisk, mind you, but just as a general rule of thumb. |
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Was reading new and came across this article by coin telegram. What is your call? Will there be a XLM bull run? You would expect one to follow such a massive burn, and yet, nothing happened. XLM price is even dropping by over 5% right now, as part of the new overall market correction. Only Tezos seems to be having a good time at the moment. |
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Lets have some fun  -Why does Superman hate trading Bitcoin after 7pm? -Because it's Crypto-night -Why do bitcoin investors want a Lambo? -Because they know Ferarri is owned by Fiat -A boy asked his Bitcoin-investing dad... ...for $10.00 worth of Bitcoin currency. -Dad: $9.67? What do you need $10.32 for? -How do you eat a bitcoin? -With a megabyte. -How do you make a small fortune from investing in Bitcoin? -Start off by investing a large fortune in Bitcoin. -This new digital currency is bitc*in! -Sorry. Bitcoin. It’s called bitcoin -A boy asked his bitcoin-investing dad for 1 bitcoin for his birthday -Dad: What? $6,244??? $5,354 is a lot of money! What do you need $3,782 for anyway? -A Bitcoin trader walks into a bar He walks up to the bar, orders a whiskey, pays the bartender one bitcoin and says, "By this time tomorrow it might be worth a million bucks!" -The bartender pours him a glass of water and says, "By this time tomorrow it might be Scotch." -When the sun sets every evening, Superman moves all his Bitcoin investments into a regular mutual fund. -He tries to protect himself from Crypto night. -Hey girl are you Bitcoin? -Because you look like you’re about to crash and I’ll get screwed -I treat my girlfriend just like my bitcoin -I never pull out. -What do you call a Bitcoin that lost weight? -a lite coin -Interviewer: How did you become a Bitcoin millionare -Bitcoin Millionare: ...bit by bit... -What do you call someone with no bitcoin? -a bit poor. -Do you think I should get on bitcoin now ? It's at 0.5$. -Sent via Internet Explorer. -With all the money I made with Bitcoin I know exactly what I'm going to spend it on... -...my internet bill. -Tom Brady said he refuses to invest in bitcoin. -Turns out he's afraid of inflation. -Me: "Yea, I know man. I can't believe it's risen 1500% -My professor stops writing on the chalkboard and turns around. "Nothing that raises 1500% that quickly is a good investment. I'm so tired of hearing about Bitcoin this Bitcoin that" -Me: We were talking about the cost of College tuition since 1990 -Future rap name: 50 Bitcoin -Why do hipsters have so much money? -Because they bought bitcoin before it was popular -If I had a penny for every crashing crypto, -I would have a bitcoin. Source: https://upjoke.com/bitcoin-jokes       above picture are from: https://cryptonews.com/exclusives/20-crypto-jokes-to-brighten-the-bear-run-2136.htmPlease write your own jokes below Well, to be honest, these are not exactly hilarious, but I've never run into crypto jokes before, so I did enjoy them. |
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I think that UNICEF is getting involved with crypto as well, and so are many other charities, that is hardly a full list. Even some of the major ones are either accepting crypto already, or are planning to do so. There is definitely a huge impact that crypto could have when it comes to charities, and i'm all for it, but it is important to remember that this too is part of adoption, and as such, it will require time before it becomes universally accepted.
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Stellar XLM burnt half of their total supply to help boost the current XML market price. But I'm afraid the people are no longer interested on buying Stellar XML. People tend to focus on what is selling, the most profitable coin in the market and as of now it is bitcoin.
Bitcoin is always the most profitable, stellar goes up and down by mere cents or fractions of cents. When bitcoin moves, hundreds, or even thousands of dollars can be gained or lost. Not to mention that it still controls what other coins do. So yeah, regardless of what happens to stellar price, i think bitcoin is the way to go for anyone who doesn't want to experience second-hand market behavior. |
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Recently there are so many projects are launching under Tron platform and more will be in future like telegram projects are planned .
And I'm watching Tron price from last few days its getting better day by day so this is the best time to invest in Tron Coins?
TRON does seem to have big plans in mind, and it is making steps towards achieving them, but i never liked the fact that its popularity was always so dependent on Justin Sun's hype-building abilities. Wonder if the coin would be anywhere near to where it is without him, or if he were less active on Twitter. I guess, if you aim to hodl, it's as good a time as any, but make sure that you know what you're doing. |
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