31–40 of 257 posts
Is there interest in a cryptocurrency index fund? The idea is you could just buy an index fund composed of, say, 50% BTC, 20% ETH, 15% LTC and 15% ZEC. I'm fairly certain that one of these cryptocurrencies will 10 or 100x in value over the next 5 years, but buying each one individually is just such a pain. Would you invest? In reality, we'd probably buy the top 10 coins weighted according to some measure, and rebalan…
It will take significant time and effort to overtake Bitcoin's name recognition and first mover advantage. However, there's also an advantage to being a second mover that can adapt quickly to a changing environment... I doubt Bitcoin will be the supreme crypto-currency in a few years. It's just too implausible that Bitcoin is perfect enough as is, and/or the community will be able to implement any needed changes befo…
Bitcoin doesn't need to be perfect to remain #1. Just needs to be good enough.
It will take significant time and effort to overtake Bitcoin's name recognition and first mover advantage. However, there's also an advantage to being a second mover that can adapt quickly to a changing environment... I doubt Bitcoin will be the supreme crypto-currency in a few years. It's just too implausible that Bitcoin is perfect enough as is, and/or the community will be able to implement any needed changes befo…
Agreed on bitcoin not being the perfect solution for crypto. I think Ethereum has a ton of potential in this regard. Smart contracts have many applications and provided the developer community around Ethereum continues growing, I see no reason why it won't overtake Bitcoin within the next 10 years.
Is there interest in a cryptocurrency index fund? The idea is you could just buy an index fund composed of, say, 50% BTC, 20% ETH, 15% LTC and 15% ZEC. I'm fairly certain that one of these cryptocurrencies will 10 or 100x in value over the next 5 years, but buying each one individually is just such a pain. Would you invest? In reality, we'd probably buy the top 10 coins weighted according to some measure, and rebalan…
Earlier quoted context omitted.
Bitcoin doesn't need to be perfect to remain #1. Just needs to be good enough.
I don't think that's really true... it was true for things like TCP, http, and email, which had massive network effects and little competition at their start. But Bitcoin is already only 60% of the total market cap of all cryptos. While bitcoin was already a monopoly, Ethereum came from nowhere to become 1/3 its size (and growing). "Good enough" is not good enough here. Competition is alive and well. Without active d…
I don't know of any stores that take ETH, while plenty take BTC. BTC also completely runs the economy of the DarkNet.
I believe all cryptocurrencies are somewhat propped up by speculation, but BTC is still the preferred currency for the vast majority of people using cryptocurrencies for the actual exchange of goods and services. That's how BTC derives its value (+ speculation, but very few people are willing to speculate at $1500 USD per coin).
As for the other cryptocurrencies, I would say that a lot of their value comes from people wishing to get in on the next "BTC" for $20-$80/coin.
Is there interest in a cryptocurrency index fund? The idea is you could just buy an index fund composed of, say, 50% BTC, 20% ETH, 15% LTC and 15% ZEC. I'm fairly certain that one of these cryptocurrencies will 10 or 100x in value over the next 5 years, but buying each one individually is just such a pain. Would you invest? In reality, we'd probably buy the top 10 coins weighted according to some measure, and rebalan…
Is there interest in a cryptocurrency index fund? The idea is you could just buy an index fund composed of, say, 50% BTC, 20% ETH, 15% LTC and 15% ZEC. I'm fairly certain that one of these cryptocurrencies will 10 or 100x in value over the next 5 years, but buying each one individually is just such a pain. Would you invest? In reality, we'd probably buy the top 10 coins weighted according to some measure, and rebalan…
This is a bad idea. When you're buying a cryptocurrency, you're purchasing trust. Leaving your cryptocurrency with a third party undermines this. Any business idea based on people leaving cryptocurrency with a third party is doomed. Instead, why not tackle the reasons why buying those cryptocurrencies are difficult?
Earlier quoted context omitted.
Bitcoin has by far the greatest amount of research and intellectual effort driving it, and it's far from a static protocol. It doesn't need to have gotten everything perfect, it needs to change just quickly (or slowly) enough to retain its core value proposition vs. other cryptocurrencies. Maybe it will get replaced, maybe not. But there's no question to me that Bitcoin is by far the most decentralized, most secure,…
I would like to hear your opinion why you think Bitcoin is more secure than Ethereum.
Is there a reason a lot of these cryptocurrencies have suddenly started to skyrocket all at once?
Not to mention that every single one is an experiment that feeds back into the collective knowledge of what makes a good cryptocurrency, even as any individual one can only choose a single set of all the known tradeoffs.
Earlier quoted context omitted.
Bitcoin has by far the greatest amount of research and intellectual effort driving it, and it's far from a static protocol. It doesn't need to have gotten everything perfect, it needs to change just quickly (or slowly) enough to retain its core value proposition vs. other cryptocurrencies. Maybe it will get replaced, maybe not. But there's no question to me that Bitcoin is by far the most decentralized, most secure,…
I would like to hear your opinion why you think Bitcoin is more secure than Ethereum.