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Author Topic: crypto-assets market grew 11.4x in 1 year, 10-1000x to go?  (Read 201 times)
adaptivedev
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September 26, 2017, 03:53:12 AM
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check this: https://www.reddit.com/r/Crypto_ICO_Investing/comments/72huo0/cryptoassets_market_grew_114x_in_1_year_101000x/

The crypto-assets market grew 11.4x (1140%) in 1 year, from Sept 26 2016, to today. Wow.

The industry is already at $137B market cap, but it's got 10-100x growth to go, easy, since we're rebuilding the entire internet over here in the distributed cyberspace that's know as crypto-land, and it'll dwarf the existing internet in disruption capacity. If FIAT currencies are also replaced (which, let's face it, eventually they will be), there will be over 1000x growth.
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WoodySpoon
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September 26, 2017, 05:01:41 AM
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If FIAT currencies are also replaced (which, let's face it, eventually they will be), there will be over 1000x growth.

What logical argument do you have for this occurring?

FIAT currency plays a role that bitcoin will never play, and that's stability. Taxes, policy making, funding and growth initiatives for the economy are all dictated and handled by FIAT currencies, yeah cool you like a bit more of your paycheck but the infrastructure you use daily doesn't build itself.

Instead of this notion that's spread here that FIAT is an abomination that needs to be stamped out, as well as government, do some thinking and think of the practicality and research that's gone into these coins and the billions of people that use them daily.

Crypto-currency is great, I wouldn't be sitting here on these forums if I didn't enjoy blockchain use cases. But to think because it has currency in it's name it's here to replace the USD etc is a joke.

Spreading topics like this and making posts with absolutely 0  logical reasoning only helps create a bubble because eventually people will clue on and realize the people pushing this agenda were morons.




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September 26, 2017, 08:32:44 AM
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If FIAT currencies are also replaced (which, let's face it, eventually they will be), there will be over 1000x growth.

If crypto replaced fiat, markets would become centralized. A decentralized market where crypto and fiat exist simultaneously would be preferable and provide greater options, value and efficiency to the public. Fiat has its place. An exchange of paper money is more efficient and convenient than an electronic transaction. Buying/selling without point of sale devices, cellphones & accessories being obligatory is an important paradigm to ensure the right to buy/sell never reaches a point where it becomes unattainable to those living in poverty.

There are blurring lines between crypto and fiat. Ethereum with its undetermined supply of coins is little different from fiat which can be printed according to whatever subjective and arbitrary mood swings seem like a good idea over the short term.

Core principles upon which bitcoin was founded shouldn't be cast aside nor abandoned for the empty promise of "a few bucks more". This is where algorithmic supply has a huge advantage over arbitrary and subjective money printing. It ensures stability which leads to long term value.

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September 26, 2017, 09:19:00 AM
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You are right. Unlike bitcoin in the Ethereum inherently a mechanism of inflation. So I will never trust the Ethereum. Cryptocurrency will never be able to compete with Fiat because they are not involved in building the economy. Speculative capital is just a parasite and creates additional problems.
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September 26, 2017, 10:15:49 AM
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If FIAT currencies are also replaced (which, let's face it, eventually they will be), there will be over 1000x growth.

If crypto replaced fiat, markets would become centralized. A decentralized market where crypto and fiat exist simultaneously would be preferable and provide greater options, value and efficiency to the public. Fiat has its place. An exchange of paper money is more efficient and convenient than an electronic transaction. Buying/selling without point of sale devices, cellphones & accessories being obligatory is an important paradigm to ensure the right to buy/sell never reaches a point where it becomes unattainable to those living in poverty.

There are blurring lines between crypto and fiat. Ethereum with its undetermined supply of coins is little different from fiat which can be printed according to whatever subjective and arbitrary mood swings seem like a good idea over the short term.

Core principles upon which bitcoin was founded shouldn't be cast aside nor abandoned for the empty promise of "a few bucks more". This is where algorithmic supply has a huge advantage over arbitrary and subjective money printing. It ensures stability which leads to long term value.

I think it would not totally eradicate fiat money because their will be a need for some accumulated wealth by anyone. And they would need to make another blockchain for btc because if ever most of the countries will use it as transaction, there might be another issue and there facility would have to be more larger than before to confirm all transaction thats coming all over the world.
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