If all you have is a cryptocurrency, then I don't think you have anything that interesting. They've proven useful for buying drugs, but beyond that they've not created many new business opportunities. I don't have an exhaustive knowledge of cryptos, but Ethereum is extensible which is interesting. GNU came out with a crypto that they say is unsuited for illegal activities. Being even more secure than Bitcoin just mak…
« beyond that they've not created many new business opportunities » What an understatement. As of 2 years ago, at least 729 Bitcoin businesses were created¹, received $1 billion in investments², and employed thousands of persons. ¹ https://venturescannerinsights.wordpress.com/2015/09/04/the-... ² http://money.cnn.com/2015/11/02/technology/bitcoin-1-billion...
Re: Edward Snowden: Zcash Is 'Most Interesting Bitcoin Alternative'
#21Investments are the opposite of what I'm talking about. Where are the returns? What are the new businesses? If you throw a million dollars into a hole, you can't say the useless hole industry is a million dollar idea. If you build a new railroad line, tell me what cities it connects, not how much people have spent building it. I'm well aware there's interest in bitcoin. But the only industry, besides itself, that it's revolutionized is drugs. And it doesn't offer a way to grow, there's no innovating on bitcoin. There's innovating on crypto, and because of that it's that innovation that has the potential to matter. Fine, it's private. Is that it? That's not enough.