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Are cryptocurrencies about to go mainstream?

theguardian.com

41–50 of 84 posts

Re: Are cryptocurrencies about to go mainstream?

#42
post #10

Not until they can really explain to the average Joe why cryptocurrencies are such a good thing. Because at the end of the day, privacy is nowhere near as important to many people are it arguably should be, and trying to market cryptocurrencies as 'independent from government control' is likely a losing proposition. Same with most of the reasons involved I've seen invoked for why to use Bitcoin or the likes online. T…

Cash is still more anonymous than cryptocurrencies.

Re: Are cryptocurrencies about to go mainstream?

#44
post #10

Not until they can really explain to the average Joe why cryptocurrencies are such a good thing. Because at the end of the day, privacy is nowhere near as important to many people are it arguably should be, and trying to market cryptocurrencies as 'independent from government control' is likely a losing proposition. Same with most of the reasons involved I've seen invoked for why to use Bitcoin or the likes online. T…

>why cryptocurrencies are such a good thing

What if they aren't such a good thing?

How about the fact that paying with something like Bitcoin is (energy) inefficient, inconvenient and slow?

Re: Are cryptocurrencies about to go mainstream?

#45

No. My dad still calls them "bitcorns." He heard about them on NPR. It's anecdotal, but cryptocurrencies practically don't exist in my non tech-related social circles.

Can confirm. Regular people who are not interested in technology has no idea what they are, or even that they exist.

Re: Are cryptocurrencies about to go mainstream?

#47
post #37
post #10

Not until they can really explain to the average Joe why cryptocurrencies are such a good thing. Because at the end of the day, privacy is nowhere near as important to many people are it arguably should be, and trying to market cryptocurrencies as 'independent from government control' is likely a losing proposition. Same with most of the reasons involved I've seen invoked for why to use Bitcoin or the likes online. T…

> Not until they can really explain to the average Joe why cryptocurrencies are such a good thing. "Look at all these people getting rich without any work, you can too! Just buy this convenient financial product I happen to be selling!" I'd have hoped the mania would die out once the supply of people with technical skills was exhausted, but it looks like people are hard at work extending the bottom of the pyramid to…

bitcoin is an open source C++ computer program that created a deflationary currency that somehow was able to be seen as intrinsic value to the market, its impressive the emotions it brings out of people like you. I believe from a software standpoint, it functions better than some other software projects I've seen, so it is fun to see where this is going to go in the future

Re: Are cryptocurrencies about to go mainstream?

#48
Yes - just like California gold mining went mainstream. I overheard one of my non-tech friends recommended investing in Etherium to another non-tech friend - it made me worry.

At least the recommender actually called it a crypto currency and the other, the recommendee, asked what made it useful.

Re: Are cryptocurrencies about to go mainstream?

#49
The extremely simple answer is: No.

Cryptocurrencies require significantly more power to verify a single transaction[1]. The ability to scale to a meaningful size does not exist now. They need to improve efficiency by 3-4 orders of magnitude to be competitive.

[1] http://digiconomist.net/bitcoin-energy-consumption

Re: Are cryptocurrencies about to go mainstream?

#50

No. My dad still calls them "bitcorns." He heard about them on NPR. It's anecdotal, but cryptocurrencies practically don't exist in my non tech-related social circles.

Can confirm. Regular people who are not interested in technology has no idea what they are, or even that they exist.

Email. 1990. Conversation in some college.
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