Topic: Crypto-currencies in 10 years - page 2. (Read 5762 times)
1000000000 дoллapoв ))
in the next ten years all the sheet coins will be replace and gone for ever.. they will all be replace with the new coins which are coming on board....
It will be the world only currency very soon
I think bitcoin will still be growing strong in ten years time.
Yeah looks like it.
why do you think dogecoin and litecoin will still be relevant in 10 years, that sounds crazy to me.
Dogecoin is an at all time high and Litecoin has a pretty big market cap. Please tell me why Lite and Doge won't be relevant.
Dogecoin I feel is more likely, just because of its community.
Funny to read old reactions. Shows how hard it is to look into the future!
but I did appreciate(not at first) how much the community did to get the coin attention.
that why they talk about this in a bitcoin forum in a bitcoin section ...
Current technology will take us only so far; major breakthroughs are required.
Google's webRTC has come a long way. The technique was adopted widely.We should learn it well.
Google's webRTC has come a long way. The technique was adopted widely.We should learn it well.
hundreds of cryptosurrencies will go away and only 2-3 of them will remane. They will become popular worldwide
which of the already existing currencies will become popular in your opinion?
I'm pretty sure one of them will be bitcoin. Other could be completely new
in 10 years....
I don't know, it s really difficult to foresee I hope it will be bitcoin, otherwise I would never become rich 
Coins will keep coming and going but hard to say which ones will still be around.
why do you think dogecoin and litecoin will still be relevant in 10 years, that sounds crazy to me.
...Dogecoin may well survive the Doge meme for many moons.
Maybe you could answer a question about DOGE for me Tinus.
I understand that by January 2015 (8 months from now), the dogecoin inflation rate will have dropped to 10,000 DOGE per minute. Right now the market value of 1 DOGE is approximately equal to 1 bit. If we assume that dogecoin has the same value relative to bitcoin in January 2015, then the inflation rate per hour would be roughly 1 bit/DOGE x 10,000 DOGE / min x 60 min / hour = 600,000 bits = 0.6 BTC / hour.
In a competitive market, the cost to mine a coin should be roughly equal to the market value of the coins mined. This suggests that the cost to 51% attack the DOGE network would be a measly 0.6 BTC / hour. At today's price for bitcoin, that is only $262 per hour.
So my question is can the litecoin miners easily mine dogecoin? If this is the case, what is stopping a malicious pool from paying out litecoin miners slightly more than the litecoin inflation rate for their hash power, and then use that hashpower to 51% attack doge? In fact, there could be a large profit motive to do so if the attacker could build up a large short position in DOGE prior to switching the hash power from "nice" to "attack mode."
It seems like someone will be motivated to kill dogecoin by next January unless the price and number of dogecoin transactions grows by an enormous amount.
There are now Scrypt ASICs (like the Gridseed) and it is expected that ASICs will dominate Scrypt coins as much as they dominate Bitcoin now. There will be a lot of competition with huge hashrates so I guess it will be harder to 51% Dogecoin.
BTW: I only own 2 Dogecoins so I'm not trying to pump the price.
I think they have one of the best cryptocurrency communities around which is very resourceful and takes lots of initiatives and are generally not so profit minded as many people involved in Bitcoin which seems to become more about making a buck than changing the world (even though there are still lots of idealists but less than in the past).I myself don't know much or ever gave Dogecoins my attention but I did appreciate(not at first) how much the community did to get the coin attention. Even if it was sort of short lived it was impressive.
why do you think dogecoin and litecoin will still be relevant in 10 years, that sounds crazy to me.
...Dogecoin may well survive the Doge meme for many moons.
Maybe you could answer a question about DOGE for me Tinus.
I understand that by January 2015 (8 months from now), the dogecoin inflation rate will have dropped to 10,000 DOGE per minute. Right now the market value of 1 DOGE is approximately equal to 1 bit. If we assume that dogecoin has the same value relative to bitcoin in January 2015, then the inflation rate per hour would be roughly 1 bit/DOGE x 10,000 DOGE / min x 60 min / hour = 600,000 bits = 0.6 BTC / hour.
In a competitive market, the cost to mine a coin should be roughly equal to the market value of the coins mined. This suggests that the cost to 51% attack the DOGE network would be a measly 0.6 BTC / hour. At today's price for bitcoin, that is only $262 per hour.
So my question is can the litecoin miners easily mine dogecoin? If this is the case, what is stopping a malicious pool from paying out litecoin miners slightly more than the litecoin inflation rate for their hash power, and then use that hashpower to 51% attack doge? In fact, there could be a large profit motive to do so if the attacker could build up a large short position in DOGE prior to switching the hash power from "nice" to "attack mode."
It seems like someone will be motivated to kill dogecoin by next January unless the price and number of dogecoin transactions grows by an enormous amount.
There are now Scrypt ASICs (like the Gridseed) and it is expected that ASICs will dominate Scrypt coins as much as they dominate Bitcoin now. There will be a lot of competition with huge hashrates so I guess it will be harder to 51% Dogecoin.
BTW: I only own 2 Dogecoins so I'm not trying to pump the price.
I think they have one of the best cryptocurrency communities around which is very resourceful and takes lots of initiatives and are generally not so profit minded as many people involved in Bitcoin which seems to become more about making a buck than changing the world (even though there are still lots of idealists but less than in the past).
I think bitcoin will still be growing strong in ten years time.
In order for any crypto coin to remain more than a popular generational fad it needs to be more simple to use than just directly using your countries fiat and have a zero exchange fee. Would you rather go to the store and buy a stereo or go to a gold dealer, buy just the right amount of gold bars, pay a fee for the gold purchase, then find a store that takes gold bars and then buy the stereo. How many average joes are going to take the extra steps necessary?
It sounds like what you're saying is that if bitcoin is only used as a store of value (and not as a medium of exchange), then it is more analogous to gold than to currency. The total value all mined gold is estimated as $8.3 trillion dollar. Since the total bitcoin supply is presently valued at $5.6 billion, the gold/bitcoin analogy suggests that bitcoin can grow on the order of 100,000% fulfilling store-of-value demand.
Yes, it would be more useful as a store of value if its value was universally accepted and intrinsic like gold or silver.
Why can it not be used as both? You can get currency coins that are made out of gold and silver, but bitcoin is better with the technology behind it. You can't easily give or send a little piece of gold to someone if you wanted to for whatever reason.
It can be both. It's just that "bitcoin as a store of value" is the first app. If the value continues to rise, it means that it is becoming more accepted as a store of value. Once it is more accepted as a store of value, people will be more keen to accept it in return for the possessions and for their time. And then it will become a medium of exchange.
This is why worrying about merchant acceptance is superfluous. It's good if it happens, and it gives people something to talk about, but bitcoin still huge progress to make as a store of value. The properties of bitcoin make it superior to gold in every way but two. And gold has a market cap over 1000X a large so there is a lot of room to grow.
In order for any crypto coin to remain more than a popular generational fad it needs to be more simple to use than just directly using your countries fiat and have a zero exchange fee. Would you rather go to the store and buy a stereo or go to a gold dealer, buy just the right amount of gold bars, pay a fee for the gold purchase, then find a store that takes gold bars and then buy the stereo. How many average joes are going to take the extra steps necessary?
It sounds like what you're saying is that if bitcoin is only used as a store of value (and not as a medium of exchange), then it is more analogous to gold than to currency. The total value all mined gold is estimated as $8.3 trillion dollar. Since the total bitcoin supply is presently valued at $5.6 billion, the gold/bitcoin analogy suggests that bitcoin can grow on the order of 100,000% fulfilling store-of-value demand.
Yes, it would be more useful as a store of value if its value was universally accepted and intrinsic like gold or silver.
Why can it not be used as both? You can get currency coins that are made out of gold and silver, but bitcoin is better with the technology behind it. You can't easily give or send a little piece of gold to someone if you wanted to for whatever reason.
In order for any crypto coin to remain more than a popular generational fad it needs to be more simple to use than just directly using your countries fiat and have a zero exchange fee. Would you rather go to the store and buy a stereo or go to a gold dealer, buy just the right amount of gold bars, pay a fee for the gold purchase, then find a store that takes gold bars and then buy the stereo. How many average joes are going to take the extra steps necessary?
It sounds like what you're saying is that if bitcoin is only used as a store of value (and not as a medium of exchange), then it is more analogous to gold than to currency. The total value all mined gold is estimated as $8.3 trillion dollar. Since the total bitcoin supply is presently valued at $5.6 billion, the gold/bitcoin analogy suggests that bitcoin can grow on the order of 100,000% fulfilling store-of-value demand.
Yes, it would be more useful as a store of value if its value was universally accepted and intrinsic like gold or silver.
Exactly. Bitcoin becomes more useful the more valuable it becomes. But the more useful it becomes as a store of value, the more demand there is to hold it. It's an unstable dynamic system with two equilibrium points: a very low value or a very high one.
In order for any crypto coin to remain more than a popular generational fad it needs to be more simple to use than just directly using your countries fiat and have a zero exchange fee. Would you rather go to the store and buy a stereo or go to a gold dealer, buy just the right amount of gold bars, pay a fee for the gold purchase, then find a store that takes gold bars and then buy the stereo. How many average joes are going to take the extra steps necessary?
It sounds like what you're saying is that if bitcoin is only used as a store of value (and not as a medium of exchange), then it is more analogous to gold than to currency. The total value all mined gold is estimated as $8.3 trillion dollar. Since the total bitcoin supply is presently valued at $5.6 billion, the gold/bitcoin analogy suggests that bitcoin can grow on the order of 100,000% fulfilling store-of-value demand.
Yes, it would be more useful as a store of value if its value was universally accepted and intrinsic like gold or silver.
why should it be inflationary?
It's an opinion thread but my thoughts, or examples of them, could probably be found in the inflation vs. deflation thread, found here: https://bitcointalksearch.org/topic/deflation-and-bitcoin-the-last-word-on-this-forum-11627
I tend to side pretty strongly with the inflationary side, but again - opinions...
Hopefully you realize that such a card would be flawed? The government would pretty much get any information that they want from that company.
Yes I agree, why do people want to turn Bitcoin into traditional banking? It's like the first silent motion pictures trying to emulate theater too hard. Before some movie makers discovered the true potential of the medium they were dabbling with.
I believe it is commonly done so people who don't understand what Bitcoin is an how to sue it can have something to compare it to that they already sort of understand.
It could also be a mistake by the subconscious because that is the system they have used since birth also, that should also be taken into consideration.
I firmly believe that a fixed supply of money and slow transaction times will make sure that whatever is present in 10 years, if anything, is mildly inflationary and quick to confirm transactions. If it could somehow be done by changing the Bitcoin code itself, even better.
why should it be inflationary?
what does it mean for a transaction to be confirmed?
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I firmly believe that a fixed supply of money and slow transaction times will make sure that whatever is present in 10 years, if anything, is mildly inflationary and quick to confirm transactions. If it could somehow be done by changing the Bitcoin code itself, even better.
why should it be inflationary?
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