Topic: Citicoin - page 2. (Read 2380 times)

Because people hesitate to put serious money into bitcoin because they cannot keep them safe. For now many see it as a very interesting thing... that they unfortunately only dare move toy money into because of the personal security issues.

The day someone solves security... we will see a massive change in uptake and adoption.

On the other hand, until we solve the security issues, we should not wish for general adoption because the horror stories of grand mothers and janitors etc losing their life saving will be all over the media..... it would be a night mare. Bitcoin is not at all ready for mass adoption when it does not provide a way to keep bitcoin easily safe.

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I think bitcoin has a first mover advantage in a market that is likely a winner takes all market. There might be a support currency or two, but not even that is certain.

Does bitcoin have sustainable competitive advantage? No, not yet. The personal security challenge is the one I think will determine the race. If bitcoin solves this then in combination with the current first mover advantage.. I think bitcoin will be very very hard to beat. But if another major player solves it first (like Apple and then Android-based phones solved the user interface first for phones and thus all but put the smart phone first movers motorola, nokia, and blackberry almost out of business) then that entity might win the market. This is the absolutely crucial challenge right now.

Same. Im laughing at all those jackasses trying to create their own BTC instead of embracing the real one. There's no better way to end up like Kodack, Compuserve and all those idiots that opposed to real disruptive technology than not using BTC and creating your own shitcoin.

my first impressions was (after watching this sexy brunette articulating and acting like for bunch of stupids in bar), that is is joke..obviously not.

related articles:

techcrunch: (http://techcrunch.com/2015/07/07/citibank-is-working-on-its-own-digital-currency-citicoin/)
ibtimes: (http://www.ibtimes.co.uk/codename-citicoin-banking-giant-built-three-internal-blockchains-test-bitcoin-technology-1508759)

anyway, if somebody wants to stick to this coin, instead of this just create account in citibank and don't even bother yourself with something called freedom and privacy.

Yes, I will definitely invest in Citicoin, or any coin launched by a large corporation. That just gives it so much more credibility than coins launched by bunch of anonymous scammers.

they posted a logo.

This is pretty funny if you say it with a Chinese accent.

With mass media anything is possible so I would not rule it out that they can be more popular than bitcoin, remember the largest percentage of people are all sound asleep and brainwashed to believe what them crooks tell them. Will they be better than bitcoin, NO not a chance of course not.

Depending if there was money to be taken away from the banksters then yeh I would invest for a quick profit to dump and get the funds back in bitcoin, we need to realise we are such a small amount of people who believe in bitcoin.

There is no shortage of bitcoin startups attempting to solve these problems. My question is why we are not seeing quicker adoption. Merchant processors, etc. need to be hiring more and better sales people. The market is wide open.

Heh. That's why you never use your real name online, at least on forums like these.

i can't watch the video right now but from what i have read about citicoin before it was my understanding that it is not like any cryptocurrency that you and i can buy / sell or invest in.
the bank financial group working on it said that we are going to use it to have faster and more secure transactions.
besides banks aren't going to make anything that is decentralized like bitcoin that lets you seperate yourself from needing banks in the first place.

"Could PenguinFire please report to the Admin office first thing Monday morning"

I work for Citi bank at a call center... No one even knows of this new alt coin.    I find it funny and don't mention bitcoin at work.

I can only reply to so many of them stupid knob head comments. I had to stop.

honestly any cin in the altcoin section is vastly better than this scam fiat in disguise, at least they are decentralized

but despite this i know that the masses which is like a giant flock of sheep, will follow them blindly

shiticoin tooooo daaaa mOOOOOOOOON!

why are so many people surprised? did you guys really think banks will create something that supports the important aspects of bitcoin? they are only interested in having full control over everything.

Blockchain technology allows for making transactions and recording transactions much simpler and easier.

What is missing is the safety net assuring that people's money are safe.

...

Bottom line of those two things...

A bank can use the blockchain internally to make it's processes much cheaper. And it has the consumer trust and insurance that people want that their money/btcs/ctcs are safe no matter what.

On the other hand bitcoin... has the same blockchain technology, but only really nerds like us in here feel somewhat capable of keeping wealth in bitcoin... normal people would run screaming away if they understood the troubles of keeping bitcoins safe themselves...

So - for the average consumer.... citicoin might have a huge advantage right now...

Except for people who use bitcoin as a protest against the federal system etc instead of for its efficiency properties.

Bitcoin needs to quickly come up with better security measures for individuals... that is basically the interface between the currency blockchain and the consumer.... just like with the internet and many other things we had the technology first, but it did not at all take off until the interface was userfriendly enough...

Let's go.... get that sorted.... so that bitcoin has a chance...

this is simply an altcoin and worst of all it is a centralized one.
so there is NO way i would even consider investing in something like that. i think the risks of investing in it is way higher than investing in a random alt(scam)coin because there is a big financial team behind it that can mess with the price way worse than that alt(scam)coin!

I don't understand what's the point of having the blockchain for transparency when the inherent problem we are facing right now is on the centralization. We want to avoid manipulation and yet we have a system created solely for this and yet it does not serve its objective. My answer is a clear "No". It's still bitcoin.

most likely a ripple clone with infinitive supply for them to create has many coins has they want, just like the do now.