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Things cryptocurrency enthusiasts probably won't tell you

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71–80 of 189 posts

Re: Things cryptocurrency enthusiasts probably won't tell you

#71
post #22

I think that the cryptocurrency/blockchain space is the next big thing in the world on-par with the internet. But it still has a long way to go. In the late 90s you could say "X on the internet" and get tons of investment. Now it's the same but with "X on the blockchain". We are going through growing pains now, and there definitely needs to be some regulation introduced to curb the many scams. My personal hope though…

> This is why ICOs are such a big thing right now for westerners

How can you tell if it's westerners investing for the future or Chinese miners trying to get liquidity through any means possible?

Re: Things cryptocurrency enthusiasts probably won't tell you

#73

Earlier quoted context omitted.

What's the main argument for ltc?

Development moves faster and with far less bureaucratic hurdles than with Bitcoin. No contentious forks (thus far), they had SegWit first and chances are they will have working, beyond proof-of-concept Lightning first.

Just to affirm what this guy said, these reasons are pretty much why LTC should be on your radar. The heretic in me actually things that LTC could potentially have more value than BTC these days just because they seem to have their shit together development-wise.

Re: Things cryptocurrency enthusiasts probably won't tell you

#74
post #51

Earlier quoted context omitted.

What functional technical innovation is there in ETH that is currently available for use? Some real, usable product that people actively utilize today that's unique and has tangible value?

All ICOs and tokens are on Ethereum. While Bitcoin has had a script capability for quite a bit, it didn't get much traction.

The most advanced platform for Ponzi schemes, then?

Re: Things cryptocurrency enthusiasts probably won't tell you

#75
post #22

I think that the cryptocurrency/blockchain space is the next big thing in the world on-par with the internet. But it still has a long way to go. In the late 90s you could say "X on the internet" and get tons of investment. Now it's the same but with "X on the blockchain". We are going through growing pains now, and there definitely needs to be some regulation introduced to curb the many scams. My personal hope though…

> I receive my salary in bitcoin based on spot price tied to USD

Why would you want that? Why not just receive USD, and buy BTC each month if you like the price?

Re: Things cryptocurrency enthusiasts probably won't tell you

#76
post #59

Earlier quoted context omitted.

Development moves faster and with far less bureaucratic hurdles than with Bitcoin. No contentious forks (thus far), they had SegWit first and chances are they will have working, beyond proof-of-concept Lightning first.

They just successfully completed an atomic swap with bitcoin so yes LTC is defitely innovating too.

Another valuable coin missing from that list is Decred (DCR, https://decred.org/ ).

The on-chain atomic swap (no Lightning Network involved yet) was executed using Decred technology ( https://github.com/decred/atomicswap ) and was preceded by a DCR-LTC swap ( https://blog.decred.org/2017/09/20/On-Chain-Atomic-Swaps/ ).

(De)credit where credit is due. ;-)

Re: Things cryptocurrency enthusiasts probably won't tell you

#77
All these articles make it sound like anyone can launch a successful ICO and make millions on the spot but it's not true at all. Doing a successful ICO is very difficult and requires deep connections within the industry... It's probably only marginally easier than raising funding from a VC.

Re: Things cryptocurrency enthusiasts probably won't tell you

#79

All these articles make it sound like anyone can launch a successful ICO and make millions on the spot but it's not true at all. Doing a successful ICO is very difficult and requires deep connections within the industry... It's probably only marginally easier than raising funding from a VC.

[deleted]

Re: Things cryptocurrency enthusiasts probably won't tell you

#80

Earlier quoted context omitted.

Development moves faster and with far less bureaucratic hurdles than with Bitcoin. No contentious forks (thus far), they had SegWit first and chances are they will have working, beyond proof-of-concept Lightning first.

Just to affirm what this guy said, these reasons are pretty much why LTC should be on your radar. The heretic in me actually things that LTC could potentially have more value than BTC these days just because they seem to have their shit together development-wise.

The only reason they haven't had contentious forks and there is less bureaucracy is precisely because nobody cares.
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