Bitcoin is no long the only game in crypto-currency town
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Re: Bitcoin is no long the only game in crypto-currency town
#2What the hell is up with economist.com proofreading. A grammatical or spelling error in the article title is a red flag to me that screams "I'm a piece of garbage, don't read me".
Time to reestablish quality over quantity.
Re: Bitcoin is no long the only game in crypto-currency town
#3What the hell is up with economist.com proofreading. A grammatical or spelling error in the article title is a red flag to me that screams "I'm a piece of garbage, don't read me". Time to reestablish quality over quantity.
Haha, I saw the same thing. No way I would pay 20 euro to read that.
Re: Bitcoin is no long the only game in crypto-currency town
#4What the hell is up with economist.com proofreading. A grammatical or spelling error in the article title is a red flag to me that screams "I'm a piece of garbage, don't read me". Time to reestablish quality over quantity.
Exactly, if they couldn't even get the title right, what else in the article is going to be incorrect?
Re: Bitcoin is no long the only game in crypto-currency town
#5I wish people would stop using market cap as if it was meaningful for cryptocurrencies. A lot of these coins are traded at low volumes on unregulated exchanges that allow wash trading and other means of manipulating prices.
Even were that not the case and they had meaningful price discovery mechanisms 'market cap' would be a meaningless metric because if someone were to buy all the coins, they'd have destroyed the value of them because they've ruined the network value of the currency. This isn't the case for stocks in an actual company, because if you buy all the shares of a company with a 10 billion dollar market cap, you now own a company worth approximately 10 billion dollars.
Re: Bitcoin is no long the only game in crypto-currency town
#6I wish people would stop using market cap as if it was meaningful for cryptocurrencies. A lot of these coins are traded at low volumes on unregulated exchanges that allow wash trading and other means of manipulating prices. Even were that not the case and they had meaningful price discovery mechanisms 'market cap' would be a meaningless metric because if someone were to buy all the coins, they'd have destroyed the va…
what would be a better measure?
Re: Bitcoin is no long the only game in crypto-currency town
#7Bitcoin 10 minute block generation times is an inherent problem that unless changed, will doom the protocol to its eventual death.
It's like trying to make a 56k modem work, when broadband is available.
When litecoin came around a few years ago these were abstract problems, but now that transactions with $10 fees take 36 hours to confirm... the issues are real and a switch needs to happen. Lightning network or not, these hacks to speed up the network unequivocally make more sense to do on a network with faster block generation times. Necessity will force this outcome.
Re: Bitcoin is no long the only game in crypto-currency town
#8I wish people would stop using market cap as if it was meaningful for cryptocurrencies. A lot of these coins are traded at low volumes on unregulated exchanges that allow wash trading and other means of manipulating prices. Even were that not the case and they had meaningful price discovery mechanisms 'market cap' would be a meaningless metric because if someone were to buy all the coins, they'd have destroyed the va…
what would be a better measure?
Yield? Oh wait.
Re: Bitcoin is no long the only game in crypto-currency town
#9Bitcoin 10 minute block generation times is an inherent problem that unless changed, will doom the protocol to its eventual death. It's like trying to make a 56k modem work, when broadband is available. When litecoin came around a few years ago these were abstract problems, but now that transactions with $10 fees take 36 hours to confirm... the issues are real and a switch needs to happen. Lightning network or not, t…
That problem isn't a result of the 10 minute blocks. A 0-confirmation transaction normally is just fine. These are available on Bitcoin Cash.
Re: Bitcoin is no long the only game in crypto-currency town
#10I wish people would stop using market cap as if it was meaningful for cryptocurrencies. A lot of these coins are traded at low volumes on unregulated exchanges that allow wash trading and other means of manipulating prices. Even were that not the case and they had meaningful price discovery mechanisms 'market cap' would be a meaningless metric because if someone were to buy all the coins, they'd have destroyed the va…
what would be a better measure?
I would consider how many people use them for transactions, if they are supposed to be currencies.
Most people look at the price and the market cap because they can tell that the primary use of crypto-currencies is for speculation.