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Author Topic: The transition to a investment based economy.  (Read 580 times)
jdbtracker (OP)
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February 24, 2014, 08:36:02 PM
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 New possibilities keep popping up with this new technology, a lot brought on by entrepreneurial minds, enticed to frenzied levels by the intelligence of this community; Each one of us feeds off the ideas of the others, believing in one scheme or another, till it is real. It could almost be said that we are genetically inclined to explore new frontiers, even virtual ones, entering a black box of ideas that could not exist in the real world.

  If everyone was allowed to exchange stocks from one place to another, holding them and exchanging them as needed, you would create a prediction market out of the casual movement of cryptocurrencies, desirable data emerges from the simple selling and buying of goods, services and virtual commodities, Bitcoin seems poised to become one of the gates to this new place.

can an infinitely propagating and multiplying system be regulated? The rules of the stock market can be applied freely to all the cryptocurrencies when there are enough of them, but always on 24/7 buying and selling for anything can change things.

A new currency arises, it represents an Idea, organization, investment, etc, as people believe in it they purchase it, or earn it through whichever means is chosen to represent the accomplishment toward a shared goal. They sell it or use to purchase goods and services as they become devalued in the minds of the investor, keeping the more promising coins with better revenue, ideals, purpose... we are seeing it now the beginning of those markets, investing in the development of one cryptcurrency or another is investment in projects related to what it creates; for Bitcoin it is the ease of payments, low fees, instant transfers, security, etc. As people believe in it, it will grow with each developer creating new possibilities for it's existence.

New ones are arising, like primecoin with Cunningham chain POW, Curecoin, representing the search for the secrets of Human existence, a direct approach rather than an investment as payment for participating in the coin economy, like Ripple has done, Ripple provides a small amount of incentive to use the coin and to participate in good projects, but it's a little different when the coin itself relies on continuing participation and development to be secure.

I was quite interested with Devcoin, it represents open source development, doesn't incorporate it into it's security, but used the idea to represent it's worth. Maybe someday it's challenges will be overcome. It's difficult to support a coin that requires Human involvement to qualify all it's submissions. An interesting approach, that relies heavily on attracting people to participate to represent its worth rather than it's current monetary ex-changeability.

Or even the infamous Dogecoin, with sheer meme power has represented it's worth, a very interesting example of a prediction market... how valuable is a meme after all? It speaks of human emotions giving it it's economic value, without counting the mental associations people make on their own; whatever values it represents, it is other than it's creators intentions. The Pathos of this coin is strong, any animal lover could see it,... impressive use of emotional appeal.

Cryptocurrencies... a small concept to create a secure points system that is tamper proof and exchangeable between users, with no other associations but a foundation of security, whole new possibilities can arrise. Anything can truly be monetized and exchanged, invested, grown, and in the end realized into new technological, emotional, scientific and humane breakthroughs, thanks to the cryptocurrency revolution and the internet; When you can transfer anything anywhere, instantly, you think carefully what it is worth.

Soon it may be common to see multicoin wallets at stores that accept thousands of coins, representing companies, ideological movements, or projects. Your wallet may be separated like a financial portafolio representing the things you value in the world, by it's coin or stock. things of little current value you would use for purchases. as change would be non-existent it would work out well, you only need a one way transaction to the seller.  May even get discounts for purchases with particularly valueable coins, that are showing upticks. Auto payments when the price is right: market based discounts, pick your goods and services and receive a digital voucher for their purchase, auto discounts based on multi-coin payments.  P2P markets would eventually arise do to the massive amount of coins available, automatic channels of exchange would arise simply from having multi-coin p2p exchanges, where you buy one coin to purchase another of more exchangeable value: If you can earn it, you exchange it for Bitcoin for greater purchasing power.

And a whole lot more possibilities arise from just having huge coin markets with retailers and individuals that accept digital exchangeable goods, the more people accept the greater the results.

If you think my efforts are worth something; I'll keep on keeping on.
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February 04, 2019, 10:40:19 PM
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We here at Kriptomat have just announced the listing of Ripple (XRP), which is our 20th cryptocurrency! It can be bought and sold directly with Euro.
Check https://kriptomat.io/how-to-buy-ripple/ for details

By the way, Kriptomat is available in 22 European languages, and we strongly believe that it offers the best combination of simplicity and safety. Try it out, we are always attentive to user feedback!
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