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Author Topic: Real world usage of cryptos  (Read 78 times)
btqeco (OP)
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February 05, 2018, 08:02:14 AM
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When we did our research on blockchain and its advantages, we knew it would change the way transactions will be done in the future.

However, due to its decentralised nature and volatility of prices of tokens/coins on exchanges, its somehow difficult to
determine its real world usage other than investment instruments.

We'd like to see the day we walk into Walmart paying in litecoin or Walcoin or any form of crypto and something that's not
pegged to our credit/debit cards.

But due to the volatility nature of crypto prices, do u guys see it happening? Real world usage of cryptos. Smiley

Hope to see some open discussion. Smiley
cryptomarijuana
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February 05, 2018, 08:59:32 AM
 #2

When we did our research on blockchain and its advantages, we knew it would change the way transactions will be done in the future.

However, due to its decentralised nature and volatility of prices of tokens/coins on exchanges, its somehow difficult to
determine its real world usage other than investment instruments.

We'd like to see the day we walk into Walmart paying in litecoin or Walcoin or any form of crypto and something that's not
pegged to our credit/debit cards.

But due to the volatility nature of crypto prices, do u guys see it happening? Real world usage of cryptos. Smiley

Hope to see some open discussion. Smiley
Yes i see that with help of blockchain technology our payment methods would revolutionize in the future,but the cryptocurrencies has some lacking one is what you've mentioned high volatility will complicate the system you dont want to pay $100 worth crypto for the goods in the groceries and all of a sudden after you paid it,the amount of your cryptocurrency paid skyrockets to $1000 thats unfair for all of the consumers,thats the most common disadvantage of a decentralized currency and we might resolve this now or else decentralization in the cryptocurrency wont have any use in the future commodities.

hinayupak
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February 05, 2018, 09:10:20 AM
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Real world usage of cryptos? Similarly people are building Crypto currency to make a digital avatar for media and advertising houses. Currently Google and Facebook store all your browsing history and get paid by media houses to show you ads. Now imagine, you control your digital personal history and you get paid by media houses for using your personal data to show any product ad or recommendations.These are just a gist of what decentralisation can do. People have already built decentralised ebay and Uber . Any organisation and business today can be built again with decentralised and blockchain principles. We just need to see which become successful on doing so.
eyesopen
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February 05, 2018, 09:21:41 AM
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When we did our research on blockchain and its advantages, we knew it would change the way transactions will be done in the future.

However, due to its decentralised nature and volatility of prices of tokens/coins on exchanges, its somehow difficult to
determine its real world usage other than investment instruments.

We'd like to see the day we walk into Walmart paying in litecoin or Walcoin or any form of crypto and something that's not
pegged to our credit/debit cards.

But due to the volatility nature of crypto prices, do u guys see it happening? Real world usage of cryptos. Smiley

Hope to see some open discussion. Smiley

i doubt if any big chain commercial entities are going to accept payment in a decentralised, unregulated payment option,
surrounded by uncertainty and scams. (in the eyes of the general public)
and im not sure that bitcoin for instance was designed for that, although Japan last year opened the door to Bitcoin payments.
its great for online purchases and person to person transactions.
anizpk
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February 05, 2018, 09:34:36 AM
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Real world usage of cryptos? Similarly people are building Crypto currency to make a digital avatar for media and advertising houses. Currently Google and Facebook store all your browsing history and get paid by media houses to show you ads. Now imagine, you control your digital personal history and you get paid by media houses for using your personal data to show any product ad or recommendations.These are just a gist of what decentralisation can do. People have already built decentralised ebay and Uber . Any organisation and business today can be built again with decentralised and blockchain principles. We just need to see which become successful on doing so.

yes. Datum already doing this. and many crypto projects can compete with market leaders on many industries at the moment. There will be decentalised competitors for google, facebook, Amazon, and all industries soon. And I can see they are dominating current leaders in 2-3 years.

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frost_wind
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February 05, 2018, 09:36:34 AM
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But due to the volatility nature of crypto prices, do u guys see it happening? Real world usage of cryptos. Smiley


Crypto is a new decentralised fenomenon  , it is highly volatile because it is unregulated and gives opportunity to earn easy money , which of course attracts a lot of people . But soon governments will regulate crypto , big investors will enter the market and crypto price will become much more stable .

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