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Topic: The best alternative to Bitcoin - page 2. (Read 2789 times)

jeffthebaker

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Quote from: TPTB_need_war on August 25, 2015, 09:24:44 PM

Quote from: jeffthebaker on August 25, 2015, 08:29:35 PM

Quote from: TPTB_need_war on August 25, 2015, 08:20:44 PM

I guess it is technically possible for this future to be a reality. However, I think the chances of such an occurrance are low enough to remain negligible. Besides, if a worldwide economic collapse were just beginning, I imagine Bitcoin and gold would get the job done just fine. As obscure as Bitcoin is, any miracle currency that escapes government control is much, much more obscure, and there is no way in hell that an average Joe would turn to it.

The chances of the outcome I painted are 99%. You are clueless (sorry but seriously). $227 trillion of global debt. On the verge of total economic collapse. Yeah you've heard that before but now it happens. Now.

And you are equally clueless about the technical censorship capabilities of Bitcoin.

Dude read my archives, then you will realize my background. Sorry not trying to be a jerk, but I don't have time for this. I am too busy coding. I am telling you what is, it is up to you to read my archives and wake up from being a boiling frog. Or don't. Sorry I can't help lazy people.

P.S. no offense intended. Trying to wake you up. My archives (including when I was AnonyMint and other user names) have loads of empirical data if you need that.

No offense intended, but I think you are full of shit. If USD collapses, people won't be looking for a new altcoin that can evade the governments. As I recall someone saying recently on the forums- if the USD collapses, you better be researching sustainable agriculture, not protecting your money.

SBOSS

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Start your Own Cryptocurrency Exchange

Quote from: TPTB_need_war on August 25, 2015, 09:35:18 PM

Exactly.

(except not indefinitely as that would enslave future production in usury...this is a myopia of many gold bugs...you need a very slow rate of debasement)

problem is now the world/global economy is run on the opposite ie people using value of future work now, before having done said future work.

Tech bubble. Ignoring all fundamentals. Problem who ever got punished? Mark Cuban's Broadcast only made $15 million in revenue, no profit and today he is a billionaire reality TV star. That was 20 years ago.

Current example is Elizabeth Holmes who admits her company is: "non-profit", refuses to publish financials, probably has never made a profit and yet strangers just made her a billionaire. This is the present.

The reason they do is they think there will be future profit, as Kelsey indicated, but I've yet to see this working on the scale of those billions valuation.

Ultimately a good question is where did these billions come from the first place? Originally they were probably from pension plans and taxation dollars before the money started moving around. In essence it was a transfer of wealth from the middle class to a select few.

thimo

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thimo the dev

MAPC from my sig might be

kelsey

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Quote from: TPTB_need_war on August 25, 2015, 09:35:18 PM

Exactly.

(except not indefinitely as that would enslave future production in usury...this is a myopia of many gold bugs...you need a very slow rate of debasement)

problem is now the world/global economy is run on the opposite ie people using value of future work now, before having done said future work (which enslaves future production in usury).

Franciem

sr. member

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Real power doesnt hit hard,but right to the target

I prefer Litecoin to 2nd Big Currency

faster verified transaction than bitcoin also price is very high than other altcoin
and 3rd is DOGEcoin

TPTB_need_war

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Exactly.

(except not indefinitely as that would enslave future production in usury...this is a myopia of many gold bugs...you need a very slow rate of debasement and not Bitcoin's 11% per annum debasement! It was higher in past years yet everyone says Bitcoin is not debasing and then later when it is GovCoin they will debase it more..)

kelsey

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think people need to get back to the basics.

what is purpose and benefits of a p2p currency, and what is needed.

in my mind the purpose of a p2p currency, is a currency that people can exchange freely without hindrance (whether that hindrance is in the form of governments or money changes).

also what is needed, is a currency that retains its value indefinitely, so work done today can be used and maintain its value at anytime in the future.

pretty simple but unobtainable thus far.

TPTB_need_war

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The only reason to acquire crypto-coin (in a depression) will be to be able to conduct commerce that the totalitarian bankrupt gubermints are going to ~~outlaw~~expropriate because they need to steal everything in order to meet their unfunded social welfare liabilities.

This is Hilter's Universal Health Care all over again. You do realize the Nazis had to start killing "the weak and unfit" because the socialism was bankrupting Germany.

Look at all the starry-eyed 50% unemployed youth in Europe today. It's brewing again...

SBOSS

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Start your Own Cryptocurrency Exchange

Why do people think Bitcoin is depression proof? In a depression the "cash rich" buy every asset (including precious metals) for pennies on the dollar.

The real reason for price of gold increasing during the Great Depression was an artificial market when they confiscated gold and then implemented price fixing. This is something the loony gold libertarians often omit.

https://en.wikipedia.org/wiki/Gold_fixing

Quote

In 1933, Executive Order 6102 was signed by U.S. President Franklin D. Roosevelt, requiring US citizens to turn in their gold for $20.67 per ounce. Afterwards, the price of gold was set at $35.00 per ounce.

Unless the US government confiscates Bitcoin (*trying to contain my laughter*) and fixes the prices to $10,000 a coin ~ nobody is getting rich off Bitcoin in a depression. More like what little buy support for Bitcoin would evaporate.

In case you didn't notice, countries like Ukraine, Georgia and Argentina have huge Bitcoin coverage (soon Greece with 1000 ATMs) and yet nobody is buying Bitcoin over there - even though in theory, they need it the most. In practice: when people have no money they HAVE NO money and can't acquire Bitcoins or any assets.

TPTB_need_war

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Quote from: jeffthebaker on August 25, 2015, 08:29:35 PM

Quote from: TPTB_need_war on August 25, 2015, 08:20:44 PM

nextgencoin

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Well ask yourself without emotion or attachment to your book which coin is the fastest, safe and soon anonomous.

That coin is currently Vanilla Coin.

jeffthebaker

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Quote from: TPTB_need_war on August 25, 2015, 08:20:44 PM

Quote from: jeffthebaker on August 25, 2015, 08:18:48 PM

I understand that there are niches out there that Bitcoin currently doesn't help to make more accessible, but is a niche currency actually a viable way to overcome Bitcoin?

The niche will become the economy, because the gubermints will destroy everything that isn't censorship resistant over the next decade. Top-down control destroys network effects. Network effects is what gave us the great internet. They are trying to destroy it now.

You all are thinking about it wrong.

The sharpshooter from 1 mile away aims in front of the running target, else the bullet will be behind the target before it arrives.

The niche I described is larger than the current Bitcoin economy and it will grow very fast.

We've entered the global collapse as of October. It will worsen every year and in the West at least through 2032. It won't be like 2008. You all are not prepared.

All your Starbucks will be irrelevant. That shit will die (cheap coffee for 30 cents will thrive).

TPTB_need_war

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Quote from: jeffthebaker on August 25, 2015, 08:18:48 PM

I understand that there are niches out there that Bitcoin currently doesn't help to make more accessible, but is a niche currency actually a viable way to overcome Bitcoin?

The niche will become the economy, because the gubermints will destroy everything that isn't censorship resistant over the next decade. Top-down control destroys network effects. Network effects is what gave us the great internet. They are trying to destroy it now.

You all are thinking about it wrong.

The sharpshooter from 1 mile away aims in front of the running target, else the bullet will be behind the target before it arrives.

The niche I described is larger than the current Bitcoin economy and it will grow very fast.

We've entered the global collapse as of October. It will worsen every year and in the West at least through 2032. It won't be like 2008. You all are not prepared.

All your Starbucks will be irrelevant. That socialist politically correct yuppie shit will die (cheap coffee for 30 cents and soup kitchens will thrive).

jeffthebaker

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Quote from: TPTB_need_war on August 25, 2015, 08:09:25 PM

One day you will understand that without censorship resistance, all you've got is fiat 2.0.

No crypto-currency that exists today has censorship resistance.

Quote from: jeffthebaker on August 25, 2015, 08:08:51 PM

So what you are implying is that if/when a new digital currency overtakes Bitcoin, it will be one that thrives off of a different community altogether?

I understand that there are niches out there that Bitcoin currently doesn't help to make more accessible, but is a niche currency actually a viable way to overcome Bitcoin? If mass adoption is the end goal, I don't think anything created solely to bypass the government could do the job. And on the topic of government...

What if some government created their own digital currency that saw mass adoption due to having characteristic similar to what people worldwide value in the US Dollar? That could potentially be the crypto that goes worldwide, even if it doesn't do any of the things Bitcoin prides itself in.

kelsey

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wow can't believe this thread (or atleast half of it) is turning into a meaningful discussion.

LieTOme

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doge coin always Cheesy

TPTB_need_war

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One day you will understand that without censorship resistance, all you've got is fiat 2.0.

No crypto-currency that exists today has censorship resistance.

Quote from: jeffthebaker on August 25, 2015, 08:08:51 PM

So what you are implying is that if/when a new digital currency overtakes Bitcoin, it will be one that thrives off of a different community altogether?

Yes. And it will be the one that enables 1000 Silk Roads bloom. Not just for drugs but for every fucking thing the gubermint regulates and fucks up. Everything from social networking to porn.

Stop trying to think of crypto as taking over the brick&mortar world.

The markets I just enumerated are 100 times bigger than anything Bitcoin has even tackled yet.

This will all become more apparent as the gubermints regulate Bitcoin more and more and capture it in bed with vulture capital. And as the global economic collapse proceeds into Economic Totalitarianism, the gubermints will tax and expropriate everything that moves. And people will need an escape else the global economy will collapse into a Dark Age.

Spain fines you for taking a photo of police and posting it on social media. Chicago and France want to tax bandwidth on the internet. The dumbass youth cry for gubermint regulation with net neutrality lies. Etc, etc, etc....

The writing is on the wall, and I've been preparing the technological solution. I saw all this 2.5 years ago:

Bitcoin - The Digital Kill Switch

jeffthebaker

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Quote from: kelsey on August 25, 2015, 07:51:51 PM

Quote from: SBOSS on August 25, 2015, 06:12:33 PM

Clearly the Bitcoin killer will not come from Bitcointalk and won't be listed on any cryptocurrency exchanges. It will simply bypass this subculture.

i concur.

So what you are implying is that if/when a new digital currency overtakes Bitcoin, it will be one that thrives off of a different community altogether?

That's.... actually a plausible occurrance, and one I haven't even thought of before. I would definitely agree that the anarcho beliefs of the early adopters are a bit too extreme to be a good foundation for a universal currency, and I suppose if something was birthed in the perfect environment it could become vastly more popular (and therefore superior in value) to Bitcoin.

kingscrown

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http://fuk.io - check it out!

LTC for now.. and nothing can beat it Wink

kelsey

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this community (even the legit side of it), is obsessed with adding unneeded bells and whistles, finding solutions to non existent problems all under the label 'innovation'.

the bitcoin killer will be an extremely simplified p2p currency. trusting is understanding and trust is crucial to currencies success. along with simplification comes usability, also crucial for mass adoption.