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I have long wondered how cryptocurrency fans would answer the question: ‘Would you be happy if the crypto-utopia you bring up happens in the next 10 years, and all value is stored/transacted through a cryptocurrency, but it was a coin that you do not possess now, nor could you transfer any of you current currencies into it?’ Say tomorrow someone releases the one true coin, but no one notices. All other cryptocurrenci…
There are a few cryptocurrencies out there on market and usable with big communities that use 99% less energy and data that bitcoin
I should do my own research but I’d appreciate if you can name a few of them.
I've ran a full node for some time to support the network, the whole blockchain size was about 5GB, but the downside of zero transaction fees is that there is less incentive for people to run full nodes. I stopped mine out of boredom when the market crashed.
Unfortunately the market is so full of overhyped projects and buzzwords that people are no longer interested in something that just works.
I have long wondered how cryptocurrency fans would answer the question: ‘Would you be happy if the crypto-utopia you bring up happens in the next 10 years, and all value is stored/transacted through a cryptocurrency, but it was a coin that you do not possess now, nor could you transfer any of you current currencies into it?’ Say tomorrow someone releases the one true coin, but no one notices. All other cryptocurrenci…
Good question. Definitely yes. Why would I pay middlemen (banks) when there is no need to? Also why would I trust them, when there is no need to?
If cryptocurrencies ever become mainstream, banking services will be built on top of them, just as they were originally built on top of gold.
The only thing I can think of that cryptos let you do cheaper than banks is rapid, relatively frictionless funds transfer, so I’ll admit their utility there. But other than that, what banking services do cryptos give you?
I have long wondered how cryptocurrency fans would answer the question: ‘Would you be happy if the crypto-utopia you bring up happens in the next 10 years, and all value is stored/transacted through a cryptocurrency, but it was a coin that you do not possess now, nor could you transfer any of you current currencies into it?’ Say tomorrow someone releases the one true coin, but no one notices. All other cryptocurrenci…
Yes, if it means that my government cannot create inflation anymore.
Is data usage a big problem for Bitcoin?
Yeah, I can't run a node without 200GB+ of free storage space. No way I do it on the phone for example.
I have long wondered how cryptocurrency fans would answer the question: ‘Would you be happy if the crypto-utopia you bring up happens in the next 10 years, and all value is stored/transacted through a cryptocurrency, but it was a coin that you do not possess now, nor could you transfer any of you current currencies into it?’ Say tomorrow someone releases the one true coin, but no one notices. All other cryptocurrenci…
Good question. Definitely yes. Why would I pay middlemen (banks) when there is no need to? Also why would I trust them, when there is no need to?
Because your alternative is to trust the crypto infrastructure, which is far less trustworthy.
I have long wondered how cryptocurrency fans would answer the question: ‘Would you be happy if the crypto-utopia you bring up happens in the next 10 years, and all value is stored/transacted through a cryptocurrency, but it was a coin that you do not possess now, nor could you transfer any of you current currencies into it?’ Say tomorrow someone releases the one true coin, but no one notices. All other cryptocurrenci…
Yes. I think there's value in reducing the politically privileged's means to dominate their power over the general populace. It is my personal belief that people are in poverty because they are politically disposessed, as opposed to the opposite causality arrow (ok obviously it goes both ways but my belief is that it's mostly the other direction).
Cryptocurrency doesn't do this.
A "faster, more efficient cryptocurrency" is already in productive operation since 2015. Called "Nano" https://nano.org/en
Care to elaborate? If this is faster and more efficient, why is it #40 on coinmarketcap.com?
If users cannot verify the amount of coin in the network this is useless.
I was just thinking on my way to work this morning about crypto - it was so much fun riding the thrill late 2017, excluding the tech, it was an exciting time for many. I crave another crypto boom