51–60 of 310 posts
Does anyone think these cryptocoins will hold value during, in, and through the next recession?
These crypto coin bubbles can't pop soon enough.
I would like to make an appeal to the YC community: please reach out and help guide those involved in this rapidly advancing phenomenon. There is a huge amount of instantly-deployable capital in Ethereum and Bitcoin, held by individuals now seeking ways to put it to work. Many technologists will naturally make use of this energy, but so will BS artists and people under the influence of hubris. I am making this appeal…
Earlier quoted context omitted.
Blockchain is perhaps the most economically important invention of the last 500 years. Right now the whole space is worth less than $100B, and it's going to be worth tens or hundreds of trillions of dollars. Obviously valuations have far outpaced the present usefulness of these technologies, but because the pie is so enormous it would be irrational not to overpay. Right now prices are too out-of-whack with reality so…
It might be #3 behind the transistor and the internal combustion engine.
Blockchain is also a new network, and the math for analyzing its value is the same as the math for analyzing the value of any other network. In this case I would say that it's going to be the most valuable new network since the rise of global shipping during the age of sail.
Earlier quoted context omitted.
We have "speculative vendor financing" - normally in the form of OTC stocks, i.e. pink sheets. This seems like an even less regulated way of trading pink sheets, except funded by a bunch of software people with a lot of disposable income instead of some mob guys in a boiler room in New Jersey.
The whole point of the blockchain is that you can't forge currency without controlling 50%+ of the computing power in the network.
I'm sorry but this is so absurd. They are doing the equivalent of printing their own monopoly money in the garage and then selling it for real currency... dollars.
Blockchain is perhaps the most economically important invention of the last 500 years. Right now the whole space is worth less than $100B, and it's going to be worth tens or hundreds of trillions of dollars. Obviously valuations have far outpaced the present usefulness of these technologies, but because the pie is so enormous it would be irrational not to overpay. Right now prices are too out-of-whack with reality so…
200 years ago in the U.S. regional banks printed their own currency. The constitution does not create a common US currency, although we have been operating as if it does. Will a non-nation state be able to generate enough credibility to run their own currency that lasts a lifetime? I don't know be I think it's interesting to watch. And if they do, it may force central banks into a corner by limiting their ability to…
I'm sorry but this is so absurd. They are doing the equivalent of printing their own monopoly money in the garage and then selling it for real currency... dollars.