It is Bitcoin's Network Effect.

The recent ATH after ATH after ATH fans the flames of The Network Effect even more.

Big money goes into BTC first because of The Network Effect.

The big money will trickle down to Monero and other legitimate (and probably some not so legitimate) ALT coins eventually.

They haven't heard of it yet and/or don't understand it yet. That time will come eventually tho...

Huh? This is the speculation subforum, and I am speculating about the future...

Thanks! It will indeed be interesting.

I had another after thought:

I worry about what the move to PoS/Casper will do to the profitability of GPU mining. When the GPU miners that are mining Ethereum switch over to other chains, the difficulty for other chains will skyrocket. Expect profitability of GPU mining to go way down for at least several months after ETH switches over to Casper.

Some will give up on mining and sell their hardware because it will not be worth the time and energy, then profitability will eventually return to normal levels. If you eat the losses or break even for those months and wait can out the storm, it could prove much more lucrative than liquidating your hardware. Similar situations have occurred when $BTC and $LTC switched from GPU mining to ASIC mining, yet GPU mining is profitable today.

Things could get even uglier for GPU miners though if an overall $crypto bear market settles in around the same time $ETH switches over to Casper.

I think that Vitilak might have enough sway in the community to make "Ethereum Casper" the main Ethereum chain, and "Ethereum Classic v2" will be the less dominant chain.

ICOs will have stake in both forks, but most will probably stick with Vitalik. Some might stay on the "Ethereum Classic v2" fork though.

I think that the above is almost a certainty. What will be interesting to me is which chain will be more valuable? Ethereum Classic or "Ethereum Classic v2"

I posit Ethereum Classic will be more valuable because it is the original chain and did not have a roll back. At the end of the day, Ethereum's value comes from "applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference." When the chain is rolled back, it kind of negates the selling point of running without third party interference.

This topic has been moved to Speculation (Altcoins) because I thought it is more applicable to the speculation subforum...

https://bitcointalk.org/index.php?topic=2481825.0

A blog post equating Cryptocurrencies to contracts, and breach of contract almost always resulting in forks.

Evidence Provided:
ETH -> ETC
BCN -> XMR
XRP -> XLM
BTC -> BCH


Much more (along with other blog posts by yours truly  ) here: https://www.decentralized.tech/blogs/economic-change-ethereum-will-splinter-once-more-into-ethereum-casper-and-ethereum

Thanks!

I don't think tail emissions are necessarily a bad idea.

They are probably ideal for a cryptocurrency that wants to mimic cash, since a small amount of inflation encourages more spending than inflation-nuetral or deflationary coins.

 Also, tail emissions might be necessary for the security of PoW chains after the majority of coins have been mined. It is not clear to me that PoW coins without tail emissions can be secure enough from only transaction fees. It depends on how much the PoW cryptocurrency is used when that time comes.

I did not mark it down for the tail emission. I marked it down because almost 90% of the entire coinbase is mined in the first 4 years. That is not ideal as far as longterm distribution goes, and probably creates a lot of early adopter whales compared to a slower emission curve.

@Smooth

Thanks for your post!

I am writing a report on Monero... quick question:

https://monero.stackexchange.com/questions/405/how-many-transactions-per-second-can-the-monero-network-handle

But have there been any tests in a development environment as to just how limiting bandwidth and memory is?

My preliminary report (before peer review and revision/proofreading):

http://docdro.id/Otx9pXO

Sorry for the bad formatting, it was copied from a row in Excel...

Thanks for any help. 

I will eventually be developing the undeveloped websites too. That is... unless you would like to purchase one of them from me.

If you are interested in paying me develop the domain (or another domain you own) for you, then I would consider that as well.

Negotiations/Offers accepted via PM or email only. PM me for my email.



Edit: This offer is no longer valid

I came to a similar conclusion:


Good point about token value fluctuation being a hassle and risk. This can potentially be an issue with all utility tokens. One way around this though is if Atomic Swaps (or similar Shapeshift-like service) are implemented on the utility token, and then they are only purchased and used immediately... practically negating fluctuation risk/hassle. A working "stable coin" with Atomic Swaps is necessary though... something like bitUSD, Nubits, or Tether.

Of course it is an overgeneralization. Actual price discovery is much more complicated, and is based off of many factors, such as:

Network Effect, usage, utility, quality of developers, quantity of developers, consensus mechanisms, features, hype, security, fungibility, amount of research at the protocol level by acadamia, emission curve, inflation properties, market/niche, road map, road map feasibility (time constraints and technical), competition, governance, wallet flavors (iOS, Android, Windows, Mac, GUI, light wallets, hardware wallets, etc.), reputation, volume, liquidity, historical performance, transaction capacity, transaction speeds, transaction fees, transaction privacy, metadata privacy.... and that's just off the top of my head.

Spinoffs are the new flavor of the week in cryptoland (first copy and pasta coins, then IPOs, then ICOs... now spinoffs). Just like almost all ALT coins, the value of the majority of them will tend towards zero. The network effect of Bitcoin will reign supreme.

2nd layer technologies and sidechains will be able to do just about everything any altcoin or spinoff can do anyways. By leveraging atomic swaps, Bitcoin can remain the epic store of value that it always has been meanwhile gaining all of the features of any ALT coin.

At the end of the day, spinoffs are simply a tool that scammers can utilize to fleece greater fools. As is being evidenced by the BCH, BTG, and BCD pump and dumps.

Yeah, I am dumb... I got the warning emails that it was up for renewal, but then I just never acted on them. When I went to renew it, it was a day too late. :\

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-be-worth-100k-in-under-5-years-and-eventually-over-375k

I will pay $10 USD to anyone whose suggestions lead me to edit the design of my collectible card game.

The biggest thing that I would like right now is More Ideas For Cards.

I would like all of the following peer-reviewed though (and suggestions on changes made):

Backstory
Objective
Game Modes
Rules & Dynamics
Gameplay
Card Names
Card Attributes
Card Descriptions
Additional Card Ideas

http://docdro.id/jeV597C

Howdy,


I gave away a lot of coins for Christmas the year I minted the coin too! They make great gifts!! It is nice that physical cryptocurrencies can help introduce people to the crypto world!! Some people need to hold it in their hands and see it with their own eyes before believing or "getting it".

I personally have no need for the holograms. I do not have any, but I never intend to redeem the value on the coins either. If I want to get rid of them I will simply sell the coin with the hologram intact.

There have been several people that have contacted me for extra holograms, but since I have destroyed all of the remaining ones there was nothing I could do. I would not be surprised if you (eventually) receive a few PMs with people offering to buy them after seeing that you own some. Or, I am sure they would sell on Ebay. To be honest, I have no clue what they're worth.

Eventually I will mint some more coins, starting with a physical Bitcoin to honor my word from the Bitcoin design contest, but I am not sure when that will happen. It is not high up on my to-do list to be honest. With the way cryptocurrency values are appreciating so quickly, it is hard for me to make the investment that it requires to mint coins. I figure it will be a tough proposition to make enough from doing such to outpace what I can make by simply investing in cryptocurrencies. That's just the sad truth for this project... :\

One day though- I am determined to continue where I left off eventually.

Thanks for the message! It is good to hear from you!!!

Awesome. Thanks for your support.

----------------------------------


TBH- I have been a little discouraged by the lack of traffic on the site, and have not done any development work at all in the past couple months. That will change soon, because I am determined to keep improving the website... whether anyone is using it or not- lol!

I will be fixing bugs and adding additional features, including improvements on existing features and a Bitcoin related blockchain-based card game.

My apologies that I have not reviewed and published enough links and technologies for the remaining bounties to be won. To be honest, I have been pretty busy and it is not at the top of my to-do list. The bounties are still valid, and will be paid out as soon as I get to publishing enough technologies and links for people to win the bounties. 

I did however want to share with ya'll that I am doing a giveaway on Twitter:

NEW (11/18/2017) Twitter Giveaway: https://twitter.com/DecentralizTech/status/932000770286866433

The official thread for all giveaways, contests, and bounties for https://www.decentralized.tech is here (https://bitcointalk.org/index.php?topic=1985452), so make sure to add it to your follow list. 

Have a great weekend everyone!

Cheers,

Ch

Hello all!

I just wanted to make sure that it is known that I have no association with http://www.cryptovest.com anymore. Anything they say or do (or don't say or do) should in no way be associated with the CryptoVest that mints physical cryptocurrencies.

I lost the domain after failing to renew it on time, then a domain squatter snatched it up, and they wanted me to pay $1500 to get it back. Out of moral and financial quandry, I refused to buy back the domain I had originally purchased for $10.

A new website is coming to the domain for my CryptoVest physical cryptocurrency projects: http://www.cryptovest.us/

Also, I have never had any association whatsoever with https://www.cryptovest.co.uk/

There was a book released as a physical cryptocurrency reference book that wrongly associated my physical cryptocurrency project with the .co.uk website and association.

I was the first person to use the business name CryptoVest, and all others have simply copied the name (whether knowingly or not).

Thanks,

Ch

No problem!! 

---------------------------------------------

My apologies that I have not reviewed and published enough links and technologies for the remaining bounties to be won. To be honest, I have been pretty busy and it is not at the top of my to-do list. The bounties are still valid, and will be paid out as soon as I get to publishing enough technologies and links for people to win the bounties. 

I did however want to share with ya'll that I am doing a giveaway on Twitter:

NEW (11/18/2017) Twitter Giveaway: https://twitter.com/DecentralizTech/status/932000770286866433

This will be the official thread for all giveaways, contests, and bounties for https://www.decentralized.tech, so make sure to add it to your follow list. 

Have a great weekend everyone!

Cheers,

Ch

Rumblings on Twitter... I have no time to check the validity of the claim because I am at work, but it could possibly be  bad for Bitcoin Cash if true (alleged fork has no replay protection, and has the flawed EDA with inconsistent block production). Can anyone confirm or deny?


https://twitter.com/Fuyi_BTCcom/status/930772360692559873