WDC $150
LTC $700
NMC $450
Topic: Crypto-currencies in 10 years - page 8. (Read 5762 times)
why do you think dogecoin and litecoin will still be relevant in 10 years, that sounds crazy to me.
dogecoin is dead already. its just no one has told the relatives yet and they are still holding on in hope that their dear dogecoin will come walking in with a bright smile on its face, filling the hole in their lives.
Dogecoin will be relevent exactly because the above negativity is very unattractive.
Because of the increasing regulation and an obscure overcomplicated taxation system, crypto coins will never exists as an easy-to-use payment ...
You don't see "increasing regulation" in the legacy financial system coupled with an "obscure overcomplicated taxation system" as an impetus for bitcoin adoption?
One of the main advantages of bitcoin is that any user can send funds to any other user anywhere in the world without the assistance of a third-party or the permission of a government. Bitcoin is designed to route around red-tape.
Something is only worth as much as everyone agrees it's worth as much. I can declare that my $1 monopoly money is worth USD1000, but, would the rest of the world pay USD1000 for my $1 monopoly dollar?
No. But if you and your 1000 friends all agreed on that NuffCoin is worth 10 dollar you can all trade with eachother using a NuffCoin thats worth 10 dollar. If someone sells their share for an outside currency that don't have to affect the group of 999 individuals at all. It just means they changed 1 share-holder to another. Closed e-currencies will be a reality, trust me. Just like countries today close their markets for outside manipulation and take-over same will happen with e-currencies.
If a small group agrees that 1 NuffCoin is worth 10 dollars, and uses this system to trade balances between group members, then how is NuffCoin different than an accounting system? And what prevents there price from diverging from 10 dollars? Are NuffCoins backed somehow?
Can you explain the value proposition of these private e-coins in more detail?
Because of the increasing regulation and an obscure overcomplicated taxation system, crypto coins will never exists as an easy-to-use payment like PayPal, Credit Card or some future Apple or Amazon payment method. If the avarge Joe choices to invest in cryptos anyway, he has the choice between weeks long verification marathons OR travelling a long distance for a meeting with a shady person.
Due to lack of usability for legal purposes (see above), crooks will increasyly involve cryptos in illegal activities and because of increasing illegal activity, govs will tighten the restrictment until the solely posession of crypto is threatened with a fine or even jail.
Trusted computing, internet censorship and elimination of cash will accelrate the process of thinning out the blockchain nodes connectivity.
Due to lack of usability for legal purposes (see above), crooks will increasyly involve cryptos in illegal activities and because of increasing illegal activity, govs will tighten the restrictment until the solely posession of crypto is threatened with a fine or even jail.
Trusted computing, internet censorship and elimination of cash will accelrate the process of thinning out the blockchain nodes connectivity.
Something is only worth as much as everyone agrees it's worth as much. I can declare that my $1 monopoly money is worth USD1000, but, would the rest of the world pay USD1000 for my $1 monopoly dollar?
No. But if you and your 1000 friends all agreed on that NuffCoin is worth 10 dollar you can all trade with eachother using a NuffCoin thats worth 10 dollar. If someone sells their share for an outside currency that don't have to affect the group of 999 individuals at all. It just means they changed 1 share-holder to another. Closed e-currencies will be a reality, trust me. Just like countries today close their markets for outside manipulation and take-over same will happen with e-currencies.
"Yeah but what if 10% of this 1000 group all did it at the same time"
Well, let me tell you something. The western world consists of super-societes with people moving back and forth between different cities(super societes) all the time. Most of the world DOES NOT. Most of the humans on earth live their whole lives in the community they grew up in. Hard to understand for a modern westerner perhaps, but a fact. And this is NOT going to change in the way that everyone becomes "modern people". QUite the opposite. The western world will become more like the third world and vice versa. Either way the majority of humans will live in smaller communities/huge families connected to the greater GLOBAL super-society thus making it a very necessary thing to protect your groups economy(energy/life-force) from the outside.
Something is only worth as much as everyone agrees it's worth as much. I can declare that my $1 monopoly money is worth USD1000, but, would the rest of the world pay USD1000 for my $1 monopoly dollar?
All the junk coins will be gone and a few will remain.
Ummyes, all shitcoins will be gone, ofcourse.
But there will be a new thing called PRIVATE e-currency. Opposed to public, as all are now. Will be used for big familys, companys and smaller ethnic groups living in another ethnic groups country.
what good would private e-currency is it's decoupled from the rest of the world? it's like i gave monopoly money to all my family members, its value is worthless to the rest of the world
Is it? I think not. As long as the family/group is expanding it's very worthFULL. Also great as store of value.
All the junk coins will be gone and a few will remain.
Ummyes, all shitcoins will be gone, ofcourse.
But there will be a new thing called PRIVATE e-currency. Opposed to public, as all are now. Will be used for big familys, companys and smaller ethnic groups living in another ethnic groups country.
what good would private e-currency is it's decoupled from the rest of the world? it's like i gave monopoly money to all my family members, its value is worthless to the rest of the world
One advantage of Litecoin is faster confirmations. Some people might want and choose Litecoin over Bitcoin IMO.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Dogecoin went viral as a meme...
And because of that, could have been
maybe successful. But it became clear
(at least to me) that it is too inflationary.
Too many doges are created and will be
forever, which is why the price keeps
sinking. (There is more supply than demand)
And because of that, could have been
maybe successful. But it became clear
(at least to me) that it is too inflationary.
Too many doges are created and will be
forever, which is why the price keeps
sinking. (There is more supply than demand)
All the junk coins will be gone and a few will remain.
Ummyes, all shitcoins will be gone, ofcourse.
But there will be a new thing called PRIVATE e-currency. Opposed to public, as all are now. Will be used for big familys, companys and smaller ethnic groups living in another ethnic groups country.
All the junk coins will be gone and a few will remain.
In 10 years there are 0 cryptocurrencies. And over 10,000 E-currencies.
There will be thousands and thousands of different cryptocurrencies and everyone will get tired of them
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.
lies
february 22: 0.00000214
may 11: 0.00000105
litecoin is still growing it is on par with bitcoin in 2012 (3 year old) it has projects still in the works.
dogecoin. apart from alot of hoarders and traders on unsecured exchanges (meaning not bitstamp or btc-e) i cannot see any innovation or methods to buy dogecoin direct. but you can deposit actual dollars into btc-e and buy litecoins. is used by actual merchants and there will be a litecoinlocal.com
so i would not put doge in the same category as bitcoin or litecoin
Excuse me, I thought it was at an all time high. Thank you for your input.
The problem with doge is, it doesn't take itself seriously enough to be a commercial crypto. It could easily be replaced with another altcoin in the 'doesn't take itself too seriously' category. Litecoin will always be the 'silver' to Bitcoin, so it can't also replace Bitcoin. Bitcoin is the 'be all and end all'
I guess here is an argument against Litecoin: https://www.litecoinpool.org/pools
They are closing in on a mining pool which has more then 51% of the mining.
They are closing in on a mining pool which has more then 51% of the mining.
a 51% hashrate just means the 'possibility' that the mining pool owner can inject nasty code and get accepted. it does not mean a guarantee of attack as the mining pool owner can easily be honourable, own 99% of hash power but never change the code and everything will be fine
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.
lies
february 22: 0.00000214
may 11: 0.00000105
litecoin is still growing it is on par with bitcoin in 2012 (3 year old) it has projects still in the works.
dogecoin. apart from alot of hoarders and traders on unsecured exchanges (meaning not bitstamp or btc-e) i cannot see any innovation or methods to buy dogecoin direct. but you can deposit actual dollars into btc-e and buy litecoins. is used by actual merchants and there will be a litecoinlocal.com
so i would not put doge in the same category as bitcoin or litecoin
I guess here is an argument against Litecoin: https://www.litecoinpool.org/pools
They are closing in on a mining pool which has more then 51% of the mining.
They are closing in on a mining pool which has more then 51% of the mining.
Jump to: