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KingScorpio (OP)
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January 09, 2019, 03:19:27 PM
Last edit: January 09, 2019, 03:49:58 PM by KingScorpio |
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now we seem to be getting to the crux of the issue
king scorpio is not upset about the industry/community of crypto.. he is upset about a BUSINESS which handles a basket of different altcoins and names the basket a "crypto index"
which i would say. knowing 99% of altcoins are crap coins anyway. and knowing that the BUSINESS that king scorpio is crying about is also not concerned with the value/utility of crapcoins. king scorpio should take a step back and realise that the BUSINESS that creates the basket of altcoins(index) do not make profit from if a coin is successful/usable/sustainable.
whether a altcoin is successful or not, the business that king scorpio is upset about just takes a commission from every trade of a basket, no matter what the basket contains and no matter what the altcoin in the basket actually does or doesnt do.
so now knowing this. king scorpion should realise making an altcoin and forcing it to only be listed if it meets certain standards wont make the BUSINESS any more or any less profitable. so in essense they will still not care if a coin meets a certain standard or not. as thats not their BUSINESS model
so in short. king scorpio is fighting a battle with the wrong weapon
i cant do much more than telling in this comunity the issue, you have to decide you either build a cryptoindustry and help decentralisation also with regulatory features, or you market bitcoin and try to protect its eternal attentionhack with a bitcoincentristic corruption index, with cryptobribe ripple silently rising up in it. a more neutral cryptoindustry index would look more like this : with an interactive globus and a layered indexation datapage for different functionalities https://imgur.com/a/21PZBs8 |
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LeGaulois
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January 09, 2019, 04:12:20 PM |
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Institutions have a greater interest in creating their own coin for several reasons. Not to be a coin developed in order to increase its value as much as possible but rather a coin to benefit from the technology, something like a stable coin.
If an institution is really interested in investing in BTC it will certainly not be through an exchange, and there is currently no positive signal showing an opportunity.
The crypto market is too dependent on BTC
OP is talking about the development of the industry, not the development of a coin
it is even worse, cryptoindustry is centrered on bitcoin institutions haver no interest joining that crap. the western institutions will then start supporting a communist nationalsocialist regime in their countries. out of interest and the urban import dependend population will join them Well, at least we can agree on something. But what to do then? If we are where we at today we can only blame ourselves. I don't even think institutions joining the crypto industry is a good thing, if I was an institution I would not invest in cryptos (perhaps on something related to cryptos) and you too surely. |
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KingScorpio (OP)
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January 09, 2019, 04:26:09 PM |
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Institutions have a greater interest in creating their own coin for several reasons. Not to be a coin developed in order to increase its value as much as possible but rather a coin to benefit from the technology, something like a stable coin.
If an institution is really interested in investing in BTC it will certainly not be through an exchange, and there is currently no positive signal showing an opportunity.
The crypto market is too dependent on BTC
OP is talking about the development of the industry, not the development of a coin
it is even worse, cryptoindustry is centrered on bitcoin institutions haver no interest joining that crap. the western institutions will then start supporting a communist nationalsocialist regime in their countries. out of interest and the urban import dependend population will join them Well, at least we can agree on something. But what to do then? If we are where we at today we can only blame ourselves. I don't even think institutions joining the crypto industry is a good thing, if I was an institution I would not invest in cryptos (perhaps on something related to cryptos) and you too surely. i propose to build and establish our own regulated institutions |
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kelz1
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January 09, 2019, 04:32:39 PM |
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Institutionalisation brings a new type of buyer, not just believers in economic freedom but real investors that have bigger pockets than the average new bitcoin believer
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KingScorpio (OP)
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January 09, 2019, 04:33:57 PM |
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Institutionalisation brings a new type of buyer, not just believers in economic freedom but real investors that have bigger pockets than the average new bitcoin believer
institutionalisation is decentralisation from bitcoincentrism you do it, or you lose all support and trust for bitcoin |
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LeGaulois
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January 09, 2019, 08:20:03 PM |
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Institutions have a greater interest in creating their own coin for several reasons. Not to be a coin developed in order to increase its value as much as possible but rather a coin to benefit from the technology, something like a stable coin.
If an institution is really interested in investing in BTC it will certainly not be through an exchange, and there is currently no positive signal showing an opportunity.
The crypto market is too dependent on BTC
OP is talking about the development of the industry, not the development of a coin
it is even worse, cryptoindustry is centrered on bitcoin institutions haver no interest joining that crap. the western institutions will then start supporting a communist nationalsocialist regime in their countries. out of interest and the urban import dependend population will join them Well, at least we can agree on something. But what to do then? If we are where we at today we can only blame ourselves. I don't even think institutions joining the crypto industry is a good thing, if I was an institution I would not invest in cryptos (perhaps on something related to cryptos) and you too surely. i propose to build and establish our own regulated institutions Technically and in theory, it could be possible but I hardly doubt the mass population has testicles big enough to accept and endorse it. It's like dreaming about a world without famine. Democracies always fail, you will have always people shouting and it could into anarchy where everyone do what they want. |
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KingScorpio (OP)
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January 10, 2019, 12:03:50 AM
Last edit: January 10, 2019, 12:15:40 AM by KingScorpio |
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Institutions have a greater interest in creating their own coin for several reasons. Not to be a coin developed in order to increase its value as much as possible but rather a coin to benefit from the technology, something like a stable coin.
If an institution is really interested in investing in BTC it will certainly not be through an exchange, and there is currently no positive signal showing an opportunity.
The crypto market is too dependent on BTC
OP is talking about the development of the industry, not the development of a coin
it is even worse, cryptoindustry is centrered on bitcoin institutions haver no interest joining that crap. the western institutions will then start supporting a communist nationalsocialist regime in their countries. out of interest and the urban import dependend population will join them Well, at least we can agree on something. But what to do then? If we are where we at today we can only blame ourselves. I don't even think institutions joining the crypto industry is a good thing, if I was an institution I would not invest in cryptos (perhaps on something related to cryptos) and you too surely. i propose to build and establish our own regulated institutions Technically and in theory, it could be possible but I hardly doubt the mass population has testicles big enough to accept and endorse it. It's like dreaming about a world without famine. Democracies always fail, you will have always people shouting and it could into anarchy where everyone do what they want. we dont have to be perfect instantly, i propose this layer of engineering foundations, i am building an example. building some engineering foundations to guide the development of value sources would already be a great idea, we have to use a standardised currency for that, and i use the logo and emblem of the socio-economic source if we dont start doing that, you will see bitcoin crash, and with it entire indexed market. take tron as an example its goal was to create a value source (however an extremly difficult to realise one) and it still focused, people we have to create a standardised layer of value sources engineering foundations, to give and guide genertivity into the economy, and it will help regards |
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CryptoGamblingSites
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January 10, 2019, 12:22:23 AM |
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Bitcoin built a lot of infrastructure for bitcoin users and funded every "cryptocurrency"
Bitcoin appears tired of funding crappy cryptocurrency projects and huge scammers for a long time.
People have separate visions of what this "industry" will become and usually don't realize it needs to be in the best interest of everybody. Bitcoin being able to store wealth rather than fund crappy projects will be a nice change this year.
The 2nd and 3rd layer solutions for bitcoin to send payments are actually going to happen in 5 - 10 years... this is all funded by bitcoin.
All of these "other things" people want to try and sell, need to get used to hearing no for awhile. We need decentralized digital money rather than using gold to store value. Then we'll need a stable smart contract solution -- maybe with some rules on these tokens -- who knows how it plays out.
Shitcoins must die though.
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KingScorpio (OP)
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January 10, 2019, 12:36:15 AM |
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Bitcoin built a lot of infrastructure for bitcoin users and funded every "cryptocurrency"
Bitcoin appears tired of funding crappy cryptocurrency projects and huge scammers for a long time.
People have separate visions of what this "industry" will become and usually don't realize it needs to be in the best interest of everybody. Bitcoin being able to store wealth rather than fund crappy projects will be a nice change this year.
The 2nd and 3rd layer solutions for bitcoin to send payments are actually going to happen in 5 - 10 years... this is all funded by bitcoin.
All of these "other things" people want to try and sell, need to get used to hearing no for awhile. We need decentralized digital money rather than using gold to store value. Then we'll need a stable smart contract solution -- maybe with some rules on these tokens -- who knows how it plays out.
Shitcoins must die though.
uhm well i am pretty sure with this attitude, you are gonna see bitcoin vanish, you dont look very pioniering like, like it would be expected from someone that hacks the global financial system. well we build a working financial system the pos way, or you will see bitcoin disappear like a gimmick these are the options. it will be cleared after bitcoin dropped to next low support level, i assure you. i am sure that your beloved bitcoin will soon enter the realm of being questioned itself. |
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franky1
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January 10, 2019, 01:59:01 AM |
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PoS coins have a zero cost of creation support value. the price is speculative of how pumped/promoted it is.
PoW coins have a cost of creation that gives it an underlying support. this has always been known factor even from th first year of bitcoin.
as for wanting to build your own 'crypto index' well thats just making a business that takes commission from getting people to buy/bet on a basket/group of altcoin..... nothing special there
no one actually cares about a crypto index. just like actual smart people dont care about 'market cap' as both things are essentially meaningless numbers.
if you were to make some revolutionary real world impacting exchange. here is an idea.
an exchange that does not measure coins in FIAT. but instead measures coins in 'minimum wage'/cost of living.
imagine it this way:
the fiat method. 1btc costs an american under 550 minimum labour hours to afford but somewhere like Afghanistan is like 8000 hours
the MW method. a coin is on the market at 550 MW. which an american can buy for the same 'value' but now the guy in the middle east only needs to work 550 hours to get 1btc.
the impact would be that americans would forex their dollars to buy afghanis so that the $->afs can buy them many btc. and cause the forex rate of usd/afs to swing where it brings middle easterners exchange rate up (due to forex arbitrage) to be more closer to 1:1 rather than 1:15
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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KingScorpio (OP)
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January 10, 2019, 01:20:25 PM |
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PoS coins have a zero cost of creation support value. the price is speculative of how pumped/promoted it is.
PoW coins have a cost of creation that gives it an underlying support. this has always been known factor even from th first year of bitcoin.
as for wanting to build your own 'crypto index' well thats just making a business that takes commission from getting people to buy/bet on a basket/group of altcoin..... nothing special there
no one actually cares about a crypto index. just like actual smart people dont care about 'market cap' as both things are essentially meaningless numbers.
if you were to make some revolutionary real world impacting exchange. here is an idea.
an exchange that does not measure coins in FIAT. but instead measures coins in 'minimum wage'/cost of living.
imagine it this way:
the fiat method. 1btc costs an american under 550 minimum labour hours to afford but somewhere like Afghanistan is like 8000 hours
the MW method. a coin is on the market at 550 MW. which an american can buy for the same 'value' but now the guy in the middle east only needs to work 550 hours to get 1btc.
the impact would be that americans would forex their dollars to buy afghanis so that the $->afs can buy them many btc. and cause the forex rate of usd/afs to swing where it brings middle easterners exchange rate up (due to forex arbitrage) to be more closer to 1:1 rather than 1:15
POS will be the future. all still care about the ranking in that scammy index |
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silent2
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January 30, 2019, 10:06:39 AM |
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I think that now it is necessary for Bitcoin to be in the position in which it is now. For all my own program, and my time, I believe that it will improve more extensively in development, and will help many people to earn money.
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KingScorpio (OP)
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January 30, 2019, 10:12:56 AM |
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I think that now it is necessary for Bitcoin to be in the position in which it is now. For all my own program, and my time, I believe that it will improve more extensively in development, and will help many people to earn money.
well earning money is not the issue, if everyone can create money, the question is what value will you get for that "money" |
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