I'd love to see a site that nicely shows (probably on one long page) the 1yr chart vs bitcoin of all sufficiently-aged alt-coins. I'd guess 99%+ would look like LTC and MSC.
*ahem* Counterparty.
Topic: Gold collapsing. Bitcoin UP. - page 605. (Read 2032266 times)
*ahem* Counterparty.
I'd love to see a site that nicely shows (probably on one long page) the 1yr chart vs bitcoin of all sufficiently-aged alt-coins. I'd guess 99%+ would look like LTC and MSC.
*ahem* Counterparty.
indeed tempting picking up a few thousand LTC....
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I'd love to see a site that nicely shows (probably on one long page) the 1yr chart vs bitcoin of all sufficiently-aged alt-coins. I'd guess 99%+ would look like LTC and MSC.
Mastercoin flushed:
i still say that there is a purpose for this long, drawn out year long pullback in Bitcoin; flush the competition:
It is almost getting tempting to pick a few thousand!
no. just let them die. the sooner that happens, the sooner Bitcoin can Moon.
i still say that there is a purpose for this long, drawn out year long pullback in Bitcoin; flush the competition:
It is almost getting tempting to pick a few thousand!
i still say that there is a purpose for this long, drawn out year long pullback in Bitcoin; flush the competition:
Great analysis of sidechains:
http://konradsgraf.com/storage/Monetary%20analsyis%20of%20sidecoins%20KG%2024Oct2014.pdf
http://konradsgraf.com/storage/Monetary%20analsyis%20of%20sidecoins%20KG%2024Oct2014.pdf
old, yet still valuable.
Great analysis of sidechains:
http://konradsgraf.com/storage/Monetary%20analsyis%20of%20sidecoins%20KG%2024Oct2014.pdf
http://konradsgraf.com/storage/Monetary%20analsyis%20of%20sidecoins%20KG%2024Oct2014.pdf
No one is saying that the app won't have value as in Storj or Maidsafe. It's the appcoin that will trend towards 0 as BTC is held until only when one needs to utilize appcoin. Eventually, you might as well just use BTC instead of appcoin and the devs will probably come to this realization .
Instead of issuing appcoins, the devs should issue stock. Then it would be fair.
Instead of issuing appcoins, the devs should issue stock. Then it would be fair.
SuperNet does act more like a stock then an appcoin: https://bitcointalksearch.org/topic/ann-supernet-nxt-asset-12071612744977229797-supernet-kmd-assetchain-in-summer-762346
Not only is it backed by crypto-currency giving it a NAV floor but it is also backed by a very wide array of differant dividend/revenue producing companies. Given one of it's purposes is to allow the frictionless transfer between any type of crypto currency/asset via decentralized tradebots and dynamic p2p orderbooks, I see a future where it will be very possible that such a revenue producing token(s) also becoming usable as a currency, spendable wherever btc is already accepted.
Andreas explains the concept nicely here: https://www.youtube.com/watch?v=jw28y81s7Wo&list=PLdba36-UYQPeb2Gsq3ldC1bstxLBLlyUN (17 min mark)
Eris essentially going after Ethereum: https://blog.erisindustries.com/products/2014/12/27/step-by-step-eris/
Vitalik and Eris staff back and forth in the comments...
Vitalik has been seemingly pleasantly surprised by the recent developments in bitshares and participAtes in discussion over at bitsharestalk... maybe he will get a paid delegate and switch over?Vitalik and Eris staff back and forth in the comments...
and now he's talking to Eris? oh brother. such wow. such confusion. from the article:
"We’ll say it again: Blockchains are tools, not investment products. At Eris Industries, we build the tools to make them better, and more useful for, developers and businesspeople just like you." sure, as i said above, there will be some who will be motivated to "contribute" to these types of tools, however, with Bitcoin everyone in fact has a tremendous "investment incentive" to participate in the greatest network effect of all, that of Money. this is why so many VC's and smart ppl are investing in Bitcoin; because of the binary potential. either zero or the Moon.
furthermore, in one of the diagrams it says that Ethereum may use "snapshots" to secure their blockchain. that won't work. these are similar to "checkpoints" that Bitcoin uses. but in Bitcoin, checkpoints are mere validations of the POW that have gone into building/fortifying the blockchain up to that point in time. they are merely cementing/formalizing what already has been cemented. a "snapshot", imo, is merely a confidence measure. there's nothing to assure that the snapshot represents reality or the truth up to that point.
Sure, appcoins will probably have some value but it will degrade over time, just like frequent flyer miles as they will inevitably be inflated away through promises broken.
i am guna laugh my god damn ass off if an "app coin" as you call them ever over takes bitcoin lol im not saying its likely, just that it would be the most hilarious event in crypto history for me to see so many "wise men" proven wrong all in one go
How could they as most of them have not guaranteed a fixed supply nor will function as a neutral SOV for an undefined purpose.
The way this would happen is if one of them became extremely useful and popular first. Then it would be so widely used and accepted that it could start to be used as money by others even if they had no direct interest in the underlying service. It really wouldn't take a lot for something to become more widely used than bitcoin at this point.
I don't really see this happening with something like storj (too limited in application), but something like ethereum or perhaps maidsafe has the (long shot) potential to develop in that manner.
i can't think of anything more useful or popular than the function of money itself. not to mention exciting, as this is precisely where all the problems of the financial world lie, and hence the potential to disrupt. the problem when you try to intermingle or weave other assets classes into the structure of the money itself is that it quickly gets complicated and even political as we're seeing with Ethereum. poor boy Vitalik can't even decide how to secure the whole concept yet at this late stage of his game.
Maidsafe is the goal for a decentralized internet, which is about the extent of my understanding of it. however, using Safecoins is problematic.
When you try to solve all the problems you sometimes end up not solving a single one.
Eris essentially going after Ethereum: https://blog.erisindustries.com/products/2014/12/27/step-by-step-eris/
Vitalik and Eris staff back and forth in the comments...
Vitalik and Eris staff back and forth in the comments...
And from the looks of it both have yet to deliver any kind of working application
Eris essentially going after Ethereum: https://blog.erisindustries.com/products/2014/12/27/step-by-step-eris/
Vitalik and Eris staff back and forth in the comments...
Vitalik has been seemingly pleasantly surprised by the recent developments in bitshares and participAtes in discussion over at bitsharestalk... maybe he will get a paid delegate and switch over? Vitalik and Eris staff back and forth in the comments...
Sure, appcoins will probably have some value but it will degrade over time, just like frequent flyer miles as they will inevitably be inflated away through promises broken.
i am guna laugh my god damn ass off if an "app coin" as you call them ever over takes bitcoin lol im not saying its likely, just that it would be the most hilarious event in crypto history for me to see so many "wise men" proven wrong all in one go
How could they as most of them have not guaranteed a fixed supply nor will function as a neutral SOV for an undefined purpose.
The way this would happen is if one of them became extremely useful and popular first. Then it would be so widely used and accepted that it could start to be used as money by others even if they had no direct interest in the underlying service. It really wouldn't take a lot for something to become more widely used than bitcoin at this point.
I don't really see this happening with something like storj (too limited in application), but something like ethereum or perhaps maidsafe has the (long shot) potential to develop in that manner.
i can't think of anything more useful or popular than the function of money itself. not to mention exciting, as this is precisely where all the problems of the financial world lie, and hence the potential to disrupt. the problem when you try to intermingle or weave other assets classes into the structure of the money itself is that it quickly gets complicated and even political as we're seeing with Ethereum. poor boy Vitalik can't even decide how to secure the whole concept yet at this late stage of his game.
Maidsafe is the goal for a decentralized internet, which is about the extent of my understanding of it. however, using Safecoins is problematic.
Eris essentially going after Ethereum: https://blog.erisindustries.com/products/2014/12/27/step-by-step-eris/
Vitalik and Eris staff back and forth in the comments...
Vitalik and Eris staff back and forth in the comments...
Sure, appcoins will probably have some value but it will degrade over time, just like frequent flyer miles as they will inevitably be inflated away through promises broken.
i am guna laugh my god damn ass off if an "app coin" as you call them ever over takes bitcoin lol im not saying its likely, just that it would be the most hilarious event in crypto history for me to see so many "wise men" proven wrong all in one go
How could they as most of them have not guaranteed a fixed supply nor will function as a neutral SOV for an undefined purpose.
The way this would happen is if one of them became extremely useful and popular first. Then it would be so widely used and accepted that it could start to be used as money by others even if they had no direct interest in the underlying service. It really wouldn't take a lot for something to become more widely used than bitcoin at this point.
I don't really see this happening with something like storj (too limited in application), but something like ethereum or perhaps maidsafe has the (long shot) potential to develop in that manner.
You are looking at this in terms of what can be done (i.e. can be built on bitcoin), I'm looking at it in terms of what may actually happen.
Systems like ethereum or maidsafe could possibly become vastly more widespread than bitcoin on an explosive basis (i.e. far faster than bitcoin can adapt, if there is even a desire by the bitcoin community to adapt). Vastly more popular means only tens of millions of users or possibly 100 million, which really isn't that many when you consider something a simple application like whatsapp with a billion users.
At that point the liquidity argument usually made in favor of bitcoin applies strongly against it.
To be clear I don't expect this to happen, but i recognize it as a possible low probability outcome.
My understanding was that maidsafe was not just storage but more of a general purpose network services platform. If I'm incorrect about that, an I may be, then I would put it more in the category of storj.
I believe Bitpay's foxtrot runs on Bitcoin
Sure, appcoins will probably have some value but it will degrade over time, just like frequent flyer miles as they will inevitably be inflated away through promises broken.
i am guna laugh my god damn ass off if an "app coin" as you call them ever over takes bitcoin lol im not saying its likely, just that it would be the most hilarious event in crypto history for me to see so many "wise men" proven wrong all in one go
How could they as most of them have not guaranteed a fixed supply nor will function as a neutral SOV for an undefined purpose.
The way this would happen is if one of them became extremely useful and popular first. Then it would be so widely used and accepted that it could start to be used as money by others even if they had no direct interest in the underlying service. It really wouldn't take a lot for something to become more widely used than bitcoin at this point.
I don't really see this happening with something like storj (too limited in application), but something like ethereum or perhaps maidsafe has the (long shot) potential to develop in that manner.
You are looking at this in terms of what can be done (i.e. can be built on bitcoin), I'm looking at it in terms of what may actually happen.
Systems like ethereum or maidsafe could possibly become vastly more widespread than bitcoin on an explosive basis (i.e. far faster than bitcoin can adapt, if there is even a desire by the bitcoin community to adapt). Vastly more popular means only tens of millions of users or possibly 100 million, which really isn't that many when you consider something a simple application like whatsapp with a billion users.
At that point the liquidity argument usually made in favor of bitcoin applies strongly against it.
To be clear I don't expect this to happen, but i recognize it as a possible low probability outcome.
My understanding was that maidsafe was not just storage but more of a general purpose network services platform. If I'm incorrect about that, an I may be, then I would put it more in the category of storj.
Sure, appcoins will probably have some value but it will degrade over time, just like frequent flyer miles as they will inevitably be inflated away through promises broken.
i am guna laugh my god damn ass off if an "app coin" as you call them ever over takes bitcoin lol im not saying its likely, just that it would be the most hilarious event in crypto history for me to see so many "wise men" proven wrong all in one go
How could they as most of them have not guaranteed a fixed supply nor will function as a neutral SOV for an undefined purpose.
The way this would happen is if one of them became extremely useful and popular first. Then it would be so widely used and accepted that it could start to be used as money by others even if they had no direct interest in the underlying service. It really wouldn't take a lot for something to become more widely used than bitcoin at this point.
I don't really see this happening with something like storj (too limited in application), but something like ethereum or perhaps maidsafe has the (long shot) potential to develop in that manner.
You are looking at this in terms of what can be done (i.e. can be built on bitcoin), I'm looking at it in terms of what may actually happen.
Systems like ethereum or maidsafe could possibly become vastly more widespread than bitcoin on an explosive basis (i.e. far faster than bitcoin can adapt, if there is even a desire by the bitcoin community to adapt). Vastly more popular means only tens of millions of users or possibly 100 million, which really isn't that many when you consider something a simple application like whatsapp with a billion users.
At that point the liquidity argument usually made in favor of bitcoin applies strongly against it.
To be clear I don't expect this to happen, but i recognize it as a possible low probability outcome.
My understanding was that maidsafe was not just storage but more of a general purpose network services platform. If I'm incorrect about that, an I may be, then I would put it more in the category of storj.
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