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Digital coins may be on the verge of going mainstream

nytimes.com

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Re: Digital coins may be on the verge of going mainstream

#181

Post by discombobulate »

neuro_imager wrote: post #180
discombobulate wrote: post #155

Earlier quoted context omitted.

> When I switched to this new upstart called Google it wasn't mainstream. It was in schools by that time. Youngsters could well embrace crypto long before the rest of the normies. I would have loved it when I was a kid. Anyone got kidos who grind crypto? If you're reading the nytimes for crypto, then you're behind the curve. Bigly. Digital coins. Fucking morons. & if you're reading the nytimes for crypto investment a…

Does anyone have any knowledge/experience of brickblock.io?

I don't know much about them -- if you're asking me.

Edit: I'm focusing on the underlying protocols, ATM.

Edit2: & security. A lot of security.

Re: Digital coins may be on the verge of going mainstream

#182

Post by discombobulate »

neuro_imager wrote: post #177
discombobulate wrote: post #155

Earlier quoted context omitted.

> When I switched to this new upstart called Google it wasn't mainstream. It was in schools by that time. Youngsters could well embrace crypto long before the rest of the normies. I would have loved it when I was a kid. Anyone got kidos who grind crypto? If you're reading the nytimes for crypto, then you're behind the curve. Bigly. Digital coins. Fucking morons. & if you're reading the nytimes for crypto investment a…

How would I go about investing via a hedge fund like Polychain Capital? I can't seam to find contact information online. Do I need to go through a broker?

http://polychain.capital

Edit: I believe you invest in hedge funds directly. That's the impression I've gotten. I do my own investing. So have never used a broker.

Re: Digital coins may be on the verge of going mainstream

#183

Post by dogruck »

kaffeemitsahne wrote: post #153
dogruck wrote: post #62

This is dangerous! When everyday folks go bust on their crypto holdings, there will be pain, suffering and retribution. Or, perhaps you agree that we don't need any of these pesky financial and gambling regulations and safeguards. If this article was about Beanie Babies or penny stocks, would you be clapping?

Just keep in mind the age-old adage: never invest more than you are willing to lose. Same goes for beanie babies, penny stocks, and index funds.

Shall we abolish the FDIC and the SEC? Then, should we redirect some of the funds into gambling addiction support groups?

Re: Digital coins may be on the verge of going mainstream

#184

Post by stronglikedan »

sgspace wrote: post #79
stronglikedan wrote: post #40

Earlier quoted context omitted.

Thanks. So a physical bitcoin is not worth 1 bitcoin, but rather a percentage of the entire bitcoin market value (maybe not the right term), relative to the number of physical bitcoins, correct?

Huh? There is no such thing as a physical bitcoin. 1 bitcoin will always be worth 1 bitcoin. To calculate the total bitcoin market cap you multiply the number of circulating bitcoins by the current exchange rate for your preferred currency.

> There is no such thing as a physical bitcoin.

Of course there are: https://www.google.com/search?q=physical+bitcoin&oq=physical...

As to how they relate to crypto, I have no idea, which is why I asked about it.

Re: Digital coins may be on the verge of going mainstream

#185

Post by [deleted] »

stephen_g wrote: post #130
jknz wrote: post #68

Bitcoin seems quite straightforward and easy to understand, compared to our current banking system. A lot of comments mention the difficulty of explaining what is bitcoin and how it works, and that mainstream people cannot get enough understanding to start using it. What about the actual banking system? There are so much mainstream ignorance about our current banking system. What does it even mean that I own $2000 at…

That's ridiculous - you seriously think that how the blockchain works and concepts like cryptographic proof-of-work is easier for a layman to understand than interbank settlement and reserve accounts at a central bank?

[deleted]

Re: Digital coins may be on the verge of going mainstream

#188

Post by DennisP »

benashford wrote: post #154
piyush_soni wrote: post #99

Earlier quoted context omitted.

When Cryptocurrency goes mainstream, how do we know that the Governments won't introduce regulations (/taxes?) on them ?

They absolutely would do both of those things. A world where Bitcoin was the default currency would rob nations of control over their own monetary policy, which is one of the most important tools for controlling the economy. Not to mention we'd be living in a world of persistent deflation (due to the ceiling on the maximum number of Bitcoins) which would have interesting consequences on the economy too. The only cryp…

It would only be a deflationary world if Bitcoin were the only currency. Since there are lots of digital currencies, we actually have something like the privately-issued competing currencies advocated by Hayek in The Denationalization of Money.

Re: Digital coins may be on the verge of going mainstream

#189

Post by ghaff »

miscreanity wrote: post #36
Swizec wrote: post #26

Earlier quoted context omitted.

> What is cryptocurrency going to help these people do that they can't do already today? "I want to play investor and get filthy rich but don't have enough money to be an accredited investor, playing stocks feels too hard, and angel investing seems too risky." It's solving that problem.

How many shares are outstanding? According to which exchange? Oh, it was recorded on the Bitcoin blockchain? No question, then. What about a deed or title for property? Which of countless organizations and public records sources has the document? If it was entered on the Ethereum blockchain, there's no doubt as to ownership. There's also tracking of goods; outbreak of salmonella? If the trail is available on a blockc…

Re: real estate.

I've heard this one many times. Bu everyone now still has to agree to enter the transaction on some specific block chain. Even if you limit things to just the us. The issue isn't that we don't have the tech to have a national database. It's that the records are scattered all over dusty county and town clerks offices in thousands of jurisdictions for all sorts of historical and political reasons.

Re: Digital coins may be on the verge of going mainstream

#190

Post by ghaff »

mathgenius wrote: post #66
dcw303 wrote: post #7

We're a long way off mainstream. Take the Web as an example: When my university lab computer got trumpet winsock and Netscape installed, it wasn't mainstream. When Hotbot was launched and could actually search with some degree of efficiency it wasn't mainstream. When I learned html and javascript from reading Webmonkey posts it wasn't mainstream. When I switched to this new upstart called Google it wasn't mainstream.…

Perhaps the comparison should be to linux. Barely anyone knows what this is and yet it runs on most of the phones of the world & is behind most websites aswell. Linux had a long runway to get there. Rusty Russell has a nice talk about this: https://medium.com/@rusty_lightning/transcript-my-20-year-jo...

Whether or not one agrees, I've heard many smart folks without a particular dog in the hunt compare blockchain today with the internet circa 1980.
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