Beyond the Bitcoin bubble

Post by vec » Tue, Jan 16, 2018, 6:01 PM UTC

wu-ikkyu wrote: post #39

vec wrote: post #28

Earlier quoted context omitted.

Right, this. I think cryptocurrencies are here to stay. I'm not convinced that's actually going to "positively affect the industry in the upcoming future". I don't think cryptocurrencies are going to remove the need for some big middleman like Visa to sit between individual consumers and their partners. Things like reversible transactions and on-demand small loans are too attractive to the median consumer, so someone…

>Central banks have their issues, to be sure, but I'm pretty sure they're better than the huge boom & bust cycles they replaced. Are you implying central banks are not cyclically prone to "booms and busts"?

Post by decentralised » Tue, Jan 16, 2018, 6:02 PM UTC

sho wrote: post #67

decentralised wrote: post #6

Earlier quoted context omitted.

You are not seeing the whole picture and don't understand the goal of the "coin" in a "blockchain". I would strongly urge you to do some research so that you can make up your mind from a place of knowledge instead. http://github.com/jpantunes/awesome-cryptoeconomics

Your comment isn't very helpful. How about your share some of your insights about the "whole picture" instead of posting some giant list of random links about something called "cryptoeconomics". To me, cryptoeconomics currently seems to consist of designing unscalable systems to convert fiat currency into CO2 and useless digital tokens, some of which can manipulate other useless digital tokens, etc, all achieving pre…

Post by lt » Tue, Jan 16, 2018, 6:03 PM UTC

nabla9 wrote: post #5

I hope the technology matures beyond 'blockchain' and marketing drops the 'coin' moniker and the gold rush dies down. Cryptographically verified distributed log files should have negligible hype value and be hidden part of the infrastructure. I predict that 10 years from now normal relational databases have infrastructure for shared, authenticated and verified rows and columns and we laugh at the ICO era.

Post by bowmessage » Tue, Jan 16, 2018, 6:03 PM UTC

khabaal wrote: post #69

Isnt the author, well, supposed to keep his private key private? It was quite easy to create a text file with that 1b0be2162cedb2744d016943bb14e71de6af95a63af3790d6b41b1e719dc5c66 key and "geth account import key.txt" into a ethereum wallet to get a seemingly valid account. Please tell me that i am missing something very important here.

Post by VMG » Tue, Jan 16, 2018, 6:04 PM UTC

tomaskafka wrote: post #74

catbird wrote: post #64

I don't understand the transit example presented in this article. I feel like I am missing something fundamental about the utility of any of these distributed services backed by their own type of coin. For the transit example you have some people who want to request rides, and some people who want to provide rides. OK. Someone develops an application to process these requests, in some kind of bidding system... How ar…

This - all things that can by done by SomethingSpecificCoin can be equally well done on smart contract platform ala Ethereum. There is no reason (except for rewarding founders and early investors) someone who want to provide taxi rides own specialized mining equipment for maintaining blockchain of a proprietary coin. I rode a taxi few months ago, and I don't remember having to change my currency for a TaxiCoin which…