There will be no "Development" of the Cryptoindustry for now, here is why:

[KingScorpio]

There will be no "Development" of the Cryptoindustry for quite a while there are substantial attuitudes that prevent a development, here is why:

many of those bitcoin hodlers think that there will be institutionalisation that will return their beloved bitcoin back to 20k usd so they can sell with profits again

but thats not how instutionalisation will work.

current cryptomarket will not develop itself for certain well defined reasons.

bitcoin founders didnt created the cryptomarket for everyone to develop, they as first and mainly created and marketed bitcoin.

in the end the bitcoin founders created a bitcoincentristic cryptoindex and economy (bitcoin is best and biggest) that they now want to impose on the whole world. and it is surprisingly still taken serious by many without much resistance.

That is the main issue why the cryptoindustry will not develop itself. its the dictatorial bitcoincentrism and bitcoin maximalism, of the founders out of this forum. they want everybody to look at it and adapt it in their "interest" and push their bitcoin hodlings, its actually still not a cryptomarket its a bitcoin centristic market. and its not decentralised away from bitcoin to ever be called "a cryptomarket" yet.

and i doubt they will be taken serious in long run in fact, they will be considered more and more a joke. with more and more people creating their own "coins"

institutionalisation of cryptoindustry will not help because instutitions mainly will desire to fund themselves, and not join a pow token, they therefore will create their own token, or support a local communist/national socialist regime like its getting more and more obvious in the usa.

regards

[DooMAD]

Sounds like you have it all backwards.  Contrary to popular belief, what's best for crypto is not necessarily what's best for the speculators and the institutions.  Go invest in PayPal and Ripple if you want the kind of "development" you're talking about.  Anyone who actually understands why crypto is important will know that you're barking up the wrong tree with this. 

[KingScorpio]

Sounds like you have it all backwards.  Contrary to popular belief, what's best for crypto is not necessarily what's best for the speculators and the institutions.  Go invest in PayPal and Ripple if you want the kind of "development" you're talking about.  Anyone who actually understands why crypto is important will know that you're barking up the wrong tree with this. 

wrong tree?

didnt you lost around 75% value last year?

i think you need more facts till you understand better

but i dont worry they will come,

i am no paypal or ripple fan.

[OgNasty]

Bitcoin developers care less about the price than you think they do.

[franky1]

1. price and marketcap are meaningless to the code itself you wont find a single dollar in bitcoin code
2. the founders of bitcoin are not the same guys coding it now, hense why its taking a different path than originally envisioned
3. though point one is true, what is also true is that the price does affect and influence the devs decisions to what new code should be added

4. but with all that said the crypto industry will develop. but bitcoin as just the bitcoin network has not actually done much for the last few years apart from open doors to new networks, and shut doors to those wanting to work on this network

i expect the usual developer defense camp to raise pitch forks. but maybe they need to have words with the developers more so than debate with me

[Tnt1971]

Yes sir, you are right... There will be no development in crypto industry now.. Some experts assure price will develop within few months but not similar to 2017 but develop.

[dothebeats]

Code development doesn't translate to price hikes. We've been receiving updates and development for bitcoin consistently for years no matter the weather. Also, the 'founders' you're referring to may or may not be involved with bitcoin anymore, given how many changes had happened in the past 10 years or so. The issue of maximalism has been around for quite a while, and I don't even think the devs are pushing for that. Just so you know, any other devs of different coins are pushy on maximalism but bitcoin devs doesn't seem to have that; it's the community, not them.

[avikz]

Interesting argument! I too think that instutionalisation (OMG my vocabulary is getting better day by day) will not help bitcoin or other cryptos to taste the development that they desire.

The most basic question is, what is the main vision of Satoshi behind the creation of bitcoin?? The header of whitepaper says these exact words,

Bitcoin: A Peer-to-Peer Electronic Cash System

Do you think bitcoin is being used as one? No! It has majorly become an investment asset. Why? Because the free market sentiment decided it to be used as an investment.

The market is full of short term profit seeker who made it look like an investment and they promoted it as an investment to others which created a huge hype during late 2017 and we all know what happened afterwards! Remember, this hype was never created or supported by maximalists and they are not the one who sold off their holding during that peak.

Secondly, Companies will always want to fund themselves and that's not what institiutionalisation means!! Institutions are profit seeking groups who would obviously want to have control on their own asset. Since this can't be achieved on bitcoin, simply its out of their choice list. Otherwise we wouldn't have seen thousands of valuless ICOs and tokens in cryptospace. I am sure, that is also not supported by maximalists.

I see maximalists as purists who still dreams to see bitcoin is being used as a "Peer-to-Peer Electronic Cash System" and not as an investment. Bitcoin will continue to develop till the time we have support from maximalists. These developments are not related to the price of it so it can't be deciphered by the blind class who thinks, pricing is the only development.

The moment these maximalists leave the space, we will be at the mercy of speculators and investors.

[KingScorpio]

Bitcoin developers care less about the price than you think they do.

nonsense, they dont want to establish crypto, they want to enslave/fix the entire world to their bitcoin centristic cryptoindex.

if they would stop doing that bitcoin price will collapse.

i am sure that they will lose their power they have currently anyway, weather they volunarily develop the market, or weather they continue this childish bitcoin enslavement, they will lose social support and will be considered a big global joke

[KingScorpio]

Interesting argument! I too think that instutionalisation (OMG my vocabulary is getting better day by day) will not help bitcoin or other cryptos to taste the development that they desire.

The most basic question is, what is the main vision of Satoshi behind the creation of bitcoin?? The header of whitepaper says these exact words,

Bitcoin: A Peer-to-Peer Electronic Cash System

Do you think bitcoin is being used as one? No! It has majorly become an investment asset. Why? Because the free market sentiment decided it to be used as an investment.

The market is full of short term profit seeker who made it look like an investment and they promoted it as an investment to others which created a huge hype during late 2017 and we all know what happened afterwards! Remember, this hype was never created or supported by maximalists and they are not the one who sold off their holding during that peak.

Secondly, Companies will always want to fund themselves and that's not what institiutionalisation means!! Institutions are profit seeking groups who would obviously want to have control on their own asset. Since this can't be achieved on bitcoin, simply its out of their choice list. Otherwise we wouldn't have seen thousands of valuless ICOs and tokens in cryptospace. I am sure, that is also not supported by maximalists.

I see maximalists as purists who still dreams to see bitcoin is being used as a "Peer-to-Peer Electronic Cash System" and not as an investment. Bitcoin will continue to develop till the time we have support from maximalists. These developments are not related to the price of it so it can't be deciphered by the blind class who thinks, pricing is the only development.

The moment these maximalists leave the space, we will be at the mercy of speculators and investors.

very well pointed out, i see this as a confirmation where this industry has gone (bitcoin used as investment asset, not as currency), its not really a cryptoindustry its a bitcoin marketing industry.

everyone else who says different has no idea whats going on, and i am sure  they will continue to take punishments for what they did

i said multiple times here the way we are supposed to go is different one, and i know it, but this forum and its developers are in no mental condition to actually start building a framework for it. its still just a bitcoin industry, and the bitcoincentristic indexmafia will prevent any change. it will end with a violent power loss for the index mafia, because they are not willing to adapt/change, or can't find someone they can trust.

[DooMAD]

Bitcoin developers care less about the price than you think they do.

nonsense, they dont want to establish crypto, they want to enslave/fix the entire world to their bitcoin centristic cryptoindex.

if they would stop doing that bitcoin price will collapse.

i am sure that they will lose their power they have currently anyway, weather they volunarily develop the market, or weather they continue this childish bitcoin enslavement, they will lose social support and will be considered a big global joke

What, exactly, do you think they should be developing?  It would probably help if you were a little clearer on that.  How is it the fault of Bitcoin developers that altcoins aren't getting the attention you feel they deserve?  What are you even talking about?

[avikz]

Yes sir, you are right... There will be no development in crypto industry now.. Some experts assure price will develop within few months but not similar to 2017 but develop.

One live example of non-maximalist thinking where development means price.

very well pointed out, i see this as a confirmation where this industry has gone, its not really a cryptoindustry its a bitcoin marketing industry.

everyone else who says different has no idea whats going on, and i am sure  they will continue to take punishments for what they did

There is a difference between education and marketing!

[KingScorpio]

Bitcoin developers care less about the price than you think they do.

nonsense, they dont want to establish crypto, they want to enslave/fix the entire world to their bitcoin centristic cryptoindex.

if they would stop doing that bitcoin price will collapse.

i am sure that they will lose their power they have currently anyway, weather they volunarily develop the market, or weather they continue this childish bitcoin enslavement, they will lose social support and will be considered a big global joke

What, exactly, do you think they should be developing?  It would probably help if you were a little clearer on that.  How is it the fault of Bitcoin developers that altcoins aren't getting the attention you feel they deserve?  What are you even talking about?

a framework for structural multilayered financial system with regulated organic entities.

i did some description in my topics (liberty index)

or the layer of engineering foundations i made in the project development board,

it seems i have to wait till the failure confirmation for this forums developers will become more. till they get serious about it.

Creating a layer of communism, nationalism, racism free financial institutions

Project Proposal Creating New CryptoCurrency Index

you have to create a cryptoindex for a cryptoindustry a world economy a world civilisation and not just an index for bitcoin maximalism, like its currently the case.

[DooMAD]

you will crash this train with the current setting. i have no doubt about it,

i am not willing to spend time and ressources arguing around with every single idiot in this forum to explain you why, i will just lean back work on other stuff and observe you suffering towards another painlevel, the more the pain becomes the more willing you might become for reform, or you might end up with everything beeing slipped out of your fingers, the influence on the cryptoindustry, and the authority to define the cryptoindex.

i am even expecting you to become a big global joke. with current setting.

regards

Cool story bro.

If you weren't willing to spend the time, you wouldn't be putting so much effort into creating all these topics to spout a load of meaningless waffle because you don't understand that the fiat price isn't the important part.  The market chooses the direction.  If the market decides it wants wants your "framework for structural multilayered financial system with regulated organic entities" word soup, it'll almost certainly find a way to obtain it.  Otherwise it'll ignore it like it does all the other myriad ideas that get buried without notice or attention because no one cared.  Blame whoever you want and make all the doomsday prognostications you like.  Doesn't make a difference.  You're just another person who thinks their idea is great, but has no way of making it happen other than shouting loudly and flailing your arms about in a desperate bid for attention.

[KingScorpio]

you will crash this train with the current setting. i have no doubt about it,

i am not willing to spend time and ressources arguing around with every single idiot in this forum to explain you why, i will just lean back work on other stuff and observe you suffering towards another painlevel, the more the pain becomes the more willing you might become for reform, or you might end up with everything beeing slipped out of your fingers, the influence on the cryptoindustry, and the authority to define the cryptoindex.

i am even expecting you to become a big global joke. with current setting.

regards

Cool story bro.

If you weren't willing to spend the time, you be putting so much effort into creating all these topics to spout a load of meaningless waffle because you don't understand that the fiat price isn't the important part.  The market chooses the direction.  If the market decides it wants wants your "framework for structural multilayered financial system with regulated organic entities" word soup, it'll almost certainly find a way to obtain it.  Otherwise it'll ignore it like it does all the other myriad ideas that get buried without notice or attention because no one cared.  Blame whoever you want and make all the doomsday prognostications you like.  Doesn't make a difference.  You're just another person who thinks their idea is great, but has no way of making it happen other than shouting loudly and flailing your arms about in a desperate bid for attention.

lol you seem not to want to take developer work serious?

maybe the issue is simply that most of bitcoin developers arent really financially dependent on bitcoin and are just voluntary worker.

people at bitmain see that of course differen, and people running an encription service (ethereum, waves, also)

well in that case, lets just wait till next support loss.

no point to support those trash coins.

[rodel caling]

I will understand what what you want to elaborate, people are holding their bitcoin because simply the reason is they buy them at hight price during the all time high last few year ago 2017 then they wait for a year to bounce back again their value to avoid cut off loses from the capital investment.

[tweetbit]

people are holding their bitcoin because simply the reason is they buy them at hight price during the all time high

Generalization will take you far away from the truth “mostly or some” is the right word to describe it. I’m hodling and accumulating bitcoin ever since for one reason “A great FUTURE” that most altcoin doesn’t have. Gold is kept not because of its value today but on the next decade or so same with bitcoin. It might look suffering now on its price value, but that shouldn’t be if you look back many years ago.

            

[Gi01]

You have an interesting point there but I don't think so. The crypto industry keeps developing every day and night as time passes by. The crypto industry has been improving since the success story of Bitcoin. Industries are gradually adapting the use of blockchain technology.

[Gwapo]

Although I believe there is a certain saturation in development but that doesn't mean the development will eventually come to a stop.

Your generalization of holding crypto until 20k again is kind of off putting as this kind of mindset is not within everyone. It might be some traders having that mindset but that doesn't mean the developers will stop working for that reason as well.

[DooMAD]

maybe the issue is simply that most of bitcoin developers arent really financially dependent on bitcoin and are just voluntary worker.

Given the choice between:

a) running code that someone paid people to make so that it would benefit institutions and speculators, which would almost certainly end up as a walled garden early-Netscape type monstrosity

and

b) running code that people made of their own volition because they cared passionately enough about what they believed in, whilst also following underlying principles that espouse the notions of permissionless freedom, open source and transparency

I know which project I'll be following.  Have fun with your institutioncoin.  Feel free to come back when you get the point of crypto.