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The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

bloomberg.com

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Re: The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

#201

Post by JAlexoid »

PunchTornado wrote: post #184
beager wrote: post #139

Earlier quoted context omitted.

I'll bite. The Department of Defense has a much larger purview than propping up the value of currency. Cryptocurrency doesn't fight terrorism (at best, it's agnostic to terrorism, at worst, it aids it). It won't fight back against the next Pearl Harbor or 9/11. And if your reasoning reduces everything about society to the economic output/currency value of that society, it might be time to get some fresh air. Addition…

yeah right. I think NSA has a much more evil role in society than bitcoin and other crypto.

I disagree. Compared to cryptocurrency, NSA has at least done something good. Cryptocurrency, I mean the stupid push and people wasting energy on it, at best changes nothing... maybe just making Winkelvoss rich, at the expense of other idiots. Hey! I think Madoff might have done more good things for human kind, than bitcoin mania.

I'm sorry if you lost the money... But I'm not using cryptocurrency in any public space. Considering that cash is still way more anonymous... and US Dollars are fairly widely accepted notes.

Re: The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

#202

Post by tomjakubowski »

ramblerouser wrote: post #35

>Echoing sentiments of mainstream economists Yea, Paul Krugman has been saying "Bitcoin is doomed" since 2012. He'll always be wrong because this is all politically motivated. The banking and political establishment are scared shitless by alternative currencies, crypto or otherwise. Google the "Liberty Dollar". Mouth pieces for the financial industry like Bloomberg will attack alternatives to the petrodollar no matte…

> obviously they know Bitcoin has a future because Goldman-Sachs has bought tons of them.

really? source for that? Google says they're preparing to open a trading desk but that's not the same thing.

Re: The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

#204

Post by PinkMilkshake »

Another one for the Bitcoin Obituaries https://99bitcoins.com/bitcoinobituaries

Honestly I have no idea whats going to happen. I threw some money into Bitcoin I was okay with loosing and check on it every few months. It's been fun.

Maybe some perfect storm of the Lightning Network, Web Payments and dodgy banks or failing economies will bring about some crypto-utopia. Or maybe it will implode and in the end all we have done is collectively purchased a metric shit ton of GPU's.

Actually, that's not all we would have done. It didn't work out but at least we ran the experiment.

Re: The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

#205

Post by nemo846 »

jayalpha wrote: post #194
blang wrote: post #123

Earlier quoted context omitted.

Not the parent, but I imagine what they are talking about is the Herbalife depends more on recruiting new members than they are from selling product. I would link but just googling "bill ackman herbalife" will lead you down infinite rabbit holes.

I know. A bet that did not turn out too well for Ackman, didn't it? As mentioned by someone here and in my RSS Feed: http://brontecapital.blogspot.com/2015/06/herbalife-very-lon... [I don't have any position in Herbalife and I enjoy my shakes Harbalife free]

Pyramid schemes strive until they run out of victims.

How much of Herbalife’s success is from selling a competitive product will determine its survival in the long run.

Still its MLM sales methods are questionable and cost a lot of people money.

Re: The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

#206

Post by beager »

PunchTornado wrote: post #184
beager wrote: post #139

Earlier quoted context omitted.

I'll bite. The Department of Defense has a much larger purview than propping up the value of currency. Cryptocurrency doesn't fight terrorism (at best, it's agnostic to terrorism, at worst, it aids it). It won't fight back against the next Pearl Harbor or 9/11. And if your reasoning reduces everything about society to the economic output/currency value of that society, it might be time to get some fresh air. Addition…

yeah right. I think NSA has a much more evil role in society than bitcoin and other crypto.

I actually agree with you. Cryptocurrency is not inherently "evil" nor does it do anything evil by design. The NSA has many programs and actors that could be construed as evil.

However, that's separate from the point I was making.

Re: The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

#207

Post by shadowfiend »

Spooky23 wrote: post #187
SunSparc wrote: post #96

Earlier quoted context omitted.

Agreed. This technology is really still in the infancy stage. As crypto takes first steps there will certainly be many falls before it is truly able to walk. In 2017 I think we saw an initial foray into general consumer visibility. As we know, general consumers are picky and have very short attention spans. The fact that crypto garnered so much attention for so long is a good indication that there is certainly someth…

You just gave me deja vu. Your comment brought me back to the year 2000, I’m sitting at my desk waiting for something and trolling f—ckedcompany.com, reading about how the future is CRM and pets.com.

And here we are with Salesforce as a power player in tech and pets.com redirecting to petsmart.com, one of dozens of retailers selling pet products :)

Re: The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

#208

Post by CyberDildonics »

jessriedel wrote: post #191
CyberDildonics wrote: post #171

Earlier quoted context omitted.

> My comment is intended to speak to cryptocurrency as a whole (the OP topic) rather than Bitcoin specifically You said bitcoin twice and linked to btc's price over time, I'm not sure why anyone would take that to mean crypto-currencies in general. This seems like a textbook example of moving goal posts.

This isn't a competition. I intended my comment to make one point, you interpreted it as another.

I interpreted you talking about bitcoin and linking to bitcoin's price graph as referring to bitcoin.

Re: The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

#209

Post by jayalpha »

nemo846 wrote: post #205
jayalpha wrote: post #194

Earlier quoted context omitted.

I know. A bet that did not turn out too well for Ackman, didn't it? As mentioned by someone here and in my RSS Feed: http://brontecapital.blogspot.com/2015/06/herbalife-very-lon... [I don't have any position in Herbalife and I enjoy my shakes Harbalife free]

Pyramid schemes strive until they run out of victims. How much of Herbalife’s success is from selling a competitive product will determine its survival in the long run. Still its MLM sales methods are questionable and cost a lot of people money.

If it is a Pyramid scheme. Bronte capital doubts this and they give, as always, decent reasons.

Re: The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says

#210

Post by rstuart4133 »

labbyz wrote: post #105

Thanks Bloomberg for this advertorial summary of a 1250$ research .pdf. Saves me some money to invest (in crypto or otherwise). Would you believe that the author of this research was harping about blockchain adoption by large companies less than a year ago? A lot has changed in 11 months, such as a slow price drop from the 2017 December insanity. Isn't it a bit rich to first make companies anxious to join in on the b…

> Heck, I did not sell any of my market research, I gave it away for free

Don't work for Bloomberg, eg?

Bloomberg News Pays Reporters More If Their Stories Move Markets: https://news.ycombinator.com/item?id=18162440

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