It appears the market is validating my ETC thesis

WolfofBitcoin

newbie

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Quote from: dinofelis on August 02, 2016, 10:31:18 AM

Quote from: WolfofBitcoin on August 02, 2016, 10:24:10 AM

That the immutability of the Blockchain is the single most valuable proposition of the technology.

What it implies is that you better have your head on straight when you decide to launch fiduciary tools like the DAO for example.

Something that can not be counterfeited is priceless, compared to a $60 million loss.

Indeed. But, in as much as that sounds evident, it might very well be that there are a lot of people who don't mind using something that can be counterfeited. After all, the market cap of all crypto is still orders of magnitude below all fiat stuff. So it seems that a lot of people don't mind centralized, counterfeitable, reversible and other tricky financial assets, as long as they believe that *they* will not suffer too much from that (and might even profit from the counterfeiting, rewinding, etc...)

Very true and hence why two chains are existing. It is an incredible experiment to watch unfold in real-time.

whap

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Quote from: dinofelis on August 02, 2016, 10:31:18 AM

Indeed. But, in as much as that sounds evident, it might very well be that there are a lot of people who don't mind using something that can be counterfeited. After all, the market cap of all crypto is still orders of magnitude below all fiat stuff. So it seems that a lot of people don't mind centralized, counterfeitable, reversible and other tricky financial assets, as long as they believe that *they* will not suffer too much from that (and might even profit from the counterfeiting, rewinding, etc...)

Very true unfortunately, combined with the lazy characteristics of the majority of people who are misinformed and thus don't care to take responsibility for themselves, their decisions, actions and whatsoever. Better to let others steer the big wheel, life is stressful enough and there are bills to pay.

This is in absolute contradiction to the ideology of Satoshi and decentralization. All ICOs, Foundations, Blockstreams etc. violate the initial purpose of fighting financial oppression and expose themselves to what they really are: Profit dependent business Startups trying to obtain market share by delivering the next, hot crypto-product.

TrueAnon

legendary

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Quote from: WolfofBitcoin on August 02, 2016, 10:24:10 AM

That the immutability of the Blockchain is the single most valuable proposition of the technology.

What it implies is that you better have your head on straight when you decide to launch fiduciary tools like the DAO for example.

Something that can not be counterfeited is priceless, compared to a $60 million loss.

WELL THEN I guess it's good WBB v5 wallet/coin will be #1 AT THIS thing you just stated above.

Cheesy

*cough* Hello actual banking sector! *cough*

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: WolfofBitcoin on August 02, 2016, 10:24:10 AM

That the immutability of the Blockchain is the single most valuable proposition of the technology.

What it implies is that you better have your head on straight when you decide to launch fiduciary tools like the DAO for example.

Something that can not be counterfeited is priceless, compared to a $60 million loss.

Indeed. But, in as much as that sounds evident, it might very well be that there are a lot of people who don't mind using something that can be counterfeited. After all, the market cap of all crypto is still orders of magnitude below all fiat stuff. So it seems that a lot of people don't mind centralized, counterfeitable, reversible and other tricky financial assets, as long as they believe that *they* will not suffer too much from that (and might even profit from the counterfeiting, rewinding, etc...)

WolfofBitcoin

newbie

Activity: 15

Merit: 0

That the immutability of the Blockchain is the single most valuable proposition of the technology.

What it implies is that you better have your head on straight when you decide to launch fiduciary tools like the DAO for example.

Something that can not be counterfeited is priceless, compared to a $60 million loss.

Topic: It appears the market is validating my ETC thesis (Read 425 times)