Bitcoin crosses $10B market cap again

Post by hatsunearu » Mon, Jun 13, 2016, 8:31 PM UTC

googletazer wrote: post #60

nikolay wrote: post #55

Earlier quoted context omitted.

N.B. This here is HN, not Reddit. It's like asking - is the next major version of something just a hype. Okay, Bitcoin was good, it introduced the concept of the blockchain and solved a long-standing issue in a very energy inefficient way. To run all this computing power just so that Chinese thieves and speculators can sneak out stolen money or increase it as they either lack means to invest elsewhere or it'd be just…

Just by breathing you can also say I support Climate Change, illicit businesses and stinky speculation. Where are ethereums killer apps? Something so groundbreaking that it takes the world by storm. The browser, or bittorrent for example. Or is it just another chain in the centipede of cryptocurrency "innovation"?

Elusive Dapps, and the Casper PoS system.

Post by vonklaus » Mon, Jun 13, 2016, 8:35 PM UTC

brighton36 wrote: post #30

vonklaus wrote: post #27

Earlier quoted context omitted.

> only real world application is black markets; money transfer Currently bitcoin is in between a commodity & a currency. Given that the R3 bank network will be more of a transfering network and btc having difficulty with scaling, I see bitcoin as a currency. It bas lots of potential uses, here are more than the ones you touched on currently: * Pricing and purchasing conduit to all major crypto currencies. * Crypto sp…

R3 offers no efficiencies over incumbent transfer systems. SWIFT/ACH/etc are far more efficient than R3. R3 seems to be figuring that out, and is rapidly pivoting from their original goals (including blockchain)

> R3 offers no effeciencies

It isn't built yet, but ACH is pretty bad, so I can't imagine R3; regardless of what tech they go with, being worse. It started in 74 so its 4 decades old. I'm not saying you are wrong but I would like a bit more color. I am not excited about R3, bug given the backers (all major banks & payment inst) I assumed it was moving forward & poised to take ach in the next 3-5 years

Re: Bitcoin crosses $10B market cap again

Re: Bitcoin crosses $10B market cap again