It's all zero-sum. It doesn't create wealth.
Digital coins may be on the verge of going mainstream
51–60 of 237 posts
Re: Digital coins may be on the verge of going mainstream
#52Quite the day for bitcoin, it may be going mainstream. A few years back I had to travel to the Valley to find a bitcoin ATM and now there are three in my hometown!
Front page of today's Lansing State Journal:
http://www.lansingstatejournal.com/story/news/local/2017/08/...
Can't get more mainstream than that!
Re: Digital coins may be on the verge of going mainstream
#53I feel like it's already mainstream, in Singapore at least. I was getting a haircut at the neighbourhood barbershop and I overhead the shop owner talking about cryptocurrency with a female customer -- stuff like regulatory issues, Satoshi's identity, altcoins, and so on. They probably had more knowledge of Bitcoin than I did.
It sounds like a sign of a bubble to me.
Re: Digital coins may be on the verge of going mainstream
#54>For this reason, none of the investors I spoke with engage in short-term trading but instead choose, in the online parlance of cryptocurrency enthusiasts, to “hodl” (“hold on for dear life,” rather than sell off for temporary gains). Someone trolled this author. "hodl" is just a misspelling of "hold," not an acronym.
First seen here:
"I am hodling." https://bitcointalk.org/index.php?topic=375643.0
Re: Digital coins may be on the verge of going mainstream
#55My parents know about bitcoin, so as far as I'm concerned digital coins are already mainstream. I'm still waiting for them to ask me what an ICO is.
What is an ICO? (I'm only being half-serious. But it's amusing that there isn't a consistent definition. It's basically "you can buy an asset I created out of thin air that may or may not have any utility.")
Projects are issuing tokens to raise funds (ICO ~= IPO). They are of two types:
1) Protocol coins (coins that have some value within the project / product) and
2) Asset coins (coins that can be thought of as shares in a company).
Protocol coins are being positioned as presold revenue and need not necessarily conform with securities laws. Most ICOs are trying to position their coins as kickstarter-type "token gifts" (e.g. T-shirts)
Asset coins on the other hand, come under the purview of securities laws and act
People are buying these coins because of FOMO. Large majority of these projects having ICOs are scams - not too different from the dot-com bubble. Eventually, some good ideas are going to come out of these projects.
Re: Digital coins may be on the verge of going mainstream
#56Earlier quoted context omitted.
ChromeOS put Linux on the desktop and no one noticed.
That's not really "Linux on the desktop" as its advocates imagine it. For most ChromeOS users, the Linux-y parts like the shell and the GNU toolchain are largely restricted.
Not to be overly pedantic but the "shell" and "GNU toolchain" are literally not Linux.
Re: Digital coins may be on the verge of going mainstream
#57Quick question: what do people do with them? Invest?
People pay me for doing stuff. And I pay for stuff, mainly for VPN services and servers.
Re: Digital coins may be on the verge of going mainstream
#58Earlier quoted context omitted.
Since POTUS tweets using an Android device in the Oval Office, we can at least say 2017 is the year of Linux on the top desk.
Does Trump still use an Android as POTUS? Any info on what make, OS?
I believe it is a Samsung Galaxy 2. A quick search yielded:
http://bgr.com/2017/01/26/donald-trumps-android-phone/
https://www.cnbc.com/2017/03/29/donald-trump-apple-iphone-an...
Re: Digital coins may be on the verge of going mainstream
#59I tend to believe this is being upvoted because people want to believe this, not because it's actually true.
Re: Digital coins may be on the verge of going mainstream
#60I tend to believe this is being upvoted because people want to believe this, not because it's actually true.
There's also probably quite a few influential people who have a vested interest in digital currency increasing in value.