301–310 of 433 posts
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Crypto has famously gone through several bear markets though and a bunch of 80% corrections.
Several?? We haven't had a bear market in 10 years.
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Currency is actually a core part of it. The point of web3 is software that can natively move money around. That "money" does not need to be ETH or BTC though, can be tokens pegged to the dollar or gold or oil etc.
Is it thought? Can’t web3 be, for an example, patient health data in a ledger? Who says it has to be tied to a monetary value?
Not wanting it to be public should be obvious. Immutable though, what if I need to change my name/gender to match reality?
It's not enough to just update the value, because the old value still exists on the blockchain. That's just another method to find my deadname and use it for harassment.
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Are you not talking about https://github.com/ethereumproject/web3.js ? That’s built on Ethereum to encourage use of their microtransaction-based service. > BUT to solely focus on them is to ignore a real core of interesting computer science advances. Examples? Specifically, which advances are you referring to which solve a problem other than “now you can do something you could do before but by paying me instead”?
>>Examples? See: Whisper [1] and Swarm [2] [1] https://eth.wiki/concepts/whisper/whisper-overview [2] https://www.ethswarm.org/
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I believe crypto is a great way to decentralize fundraising for startups/growing companies. Removes the middleman's cut from the equation, and you have no terms to agree to.
The problem with this approach is that the founders can inadvertently start a pump and dump scheme that crypto comes with. You want to organize the worlds information and build a search engine. Okay, you create a google coin. You issue 21 Million coins. As soon as you announce it people are going to buy in and you will in a period of a few months become a billionaire. With no product. Just an idea. And then you get t…
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Microsoft has declined 20% since the new year. Should we abandon that company entirely as well? Or what about the VTI (total u.s. stock market index) which has also declined 15%? The truth is crypto currencies such as BTC and ETH are maturing with institutional investment. Their value relative to USD tends to correlate more with the markets and especially tech now.
> Microsoft has declined 20% since the new year. Should we abandon that company entirely as well? No one is claiming that MSFT stock should be used as a currency for transactions. If the US dollar lost 20% of its spending power in a few months, many people would be baying for blood. It's bad enough when gas prices rise 20% in a short time.
I am confident that people's concerns about crypto's impact on the environment is simply jealousy masked by virtue. What they are saying when they say "ban crypto" is actually - let's bankrupt these bastards who made all this money off crypto. Jealousy is a powerful force.
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I think there is a seed of a good idea in Web3. We should know in about a year what, if anything, grows out of that seed.
Crypto’s been around for a decade. What’s so special about the upcoming year?
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Looking at the price of BTC and calling it a bear market is like looking at a single stock price and claiming a bear market.
Please tell me what cryptocurrencies existed in 2017 with prices that were not highly correlated to BTC.
One may claim that cryptocurrency has survived many bear markets if you only look at cryptocurrency. Someone else may claim that the only reason cryptocurrency hasn't died out is because it's standing on the shoulders of the longest running bull market in history when looking at stocks. There is so much money and confidence about that people are just looking for places to park it. The question is: Does cryptocurrency remain when the fun and games end, or was it just tulips?
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...Or want an alternative to corruption.
Cryptocurrency does nothing, nada, zilch, zero to address corruption in any shape. In many ways, it helps corruption, by providing a way to secretly transfer funds.
Those are nice nouns, but have you any specific argument? Bitcoin's origins were designed to redress this very issue.
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Indirectly. You are processing their transactions.
This drug argument is silly. Dollars are still the main culrpit in drug deals. They still account for the majority of drug transactions in the world.
First: Blockchain transactions are only accepted when they’re added to the blockchain, so participating in the blockchain necessarily directly enables the drug (etc.) transactions in a way which isn’t true for fiat or commodity currencies.
(I happen to have the opinion that almost all drugs should be legally available in some form for personal use, but that’s a different argument; partly but not solely because I think legalisation will help to stop criminals getting the money).
Second: inverting group membership like that is poor logic.
Consider for example, that the fruit of atropa belladonna is poisonous. The fact that most poison isn’t derived from belladonna does not change this.