Topic: The myth of crypto revolution - page 2. (Read 257 times)

This should not really give us headache because people invest for profit especially where it is not a charitable organization.


There might not be fair distribution because life is about survival of the fittest. However, cryptocurrency grants more opportunity for wealth creation for people than fiat. This is because, you can be lucky to adopt a good prospect coin or buy and hodl , the bull hits it good to financial success.

right, later there will also be many governments that inevitably take policies for the regulation of cryptocurrency. although at this time they have many reasons for not being able to accept it, but it will be different from later

 I understand the big problem here is the security and reputation of businesses. As people gradually turn to crypto and blockchain, unwanted events will inevitably occur.
then governments will participate in the crypto market because the market has grown and can greatly affect the economy of the world.
There will be regulatory and technological adjustments to blockchain technology to make it more suitable for a decentralized market.
It will definitely have a lot of changes in the future, bro.

There is always this situation in all markets, (stock, metals,...) . The fair distribution can only be fair if it's adjusted to your current wealth


If you need KYC then you don't need a cryptocurrency. You can do the same with the current fiat system, either in the form of a shared funds pool, pension funds or whatever. I don't know why people get so in love with KYC, AML, and so on.

Points taken. There really is no greater intelligence involved in creating another coin that will ask for investors' money only to be dumped @ people's faces. Sure there may be a lot of fancy new features included in every coin and a change in 'security' but really, we don't need that many coins with different variations, let alone a thousand of them with the majority being trashed into obscurity after the devs have made their fortunes.



Then again, only those with a lot of coins on hand will have the greater control and net-production of coins, which could therefore affect the market pretty hard. Not that I'm discrediting your argument of master nodes and PoS, but looking at other things apart from being a masternode, it poses more risks than actual rewards.



This will be impossible, given that not everyone will really obey the system and this is yet another centralized, controlled system we have created with the involvement of KYC. Cryptocurrency's main takeaway is being decentralized and anonymous (to a certain extent), so this purposely defeats what crypto stands for. Also, this is not philanthropy and no one is obligated to give even a cent of their holdings to someone just to 'even out' the scale.


How so if the merchants themselves don't feel like getting into the economy and accepting crypto payments? A secure chain with a lot of masternodes doesn't necessarily attract a lot of merchants to sell their goods and services.

There's no such thing as a crypto revolution.There's only crypto evolution,which means that cryptocurrencies will be adopted steady and slow.
If the Proof-of-stake is really better than Proof-of-work,why the most of the crypto users are still using bitcoin,which is POW?I guess that POS isn't that great after all.
Every coin,fiat currency of financial is just a tool.There's no way to implement fair distribution into some financial asset that has value/market liquidity.

Both. Majority are using it as an trading assets, by their are people who uses their crypto for whatever purposes it may serve them. Personally, I also used it as a currency to pay some bills.


Those that are being used for pump-and-dump will obviously fade away, hence the term shitcoins.


The difference is that you have total control of your crypto. Did you here the phrase "not your keys, not your coins?". Well crypto gives us the freedom to have control over our funds as compare to let's say let your money sit in the banks. There maybe more rich people in crypto but they wanted to stay hidden and I'm sure they are just like you and me, average Joe's. And one advantage though is that we can also be rich as hell, that is if you know how to play in this game.


I suggest you just go around the forum. There's a lot of arguments and debate about the whole POS/POW, and its pros/cons.

@OP: While you're right that the amount of speculative capital in the cryptosphere is too high in comparison to its real "currency" usage, I disagree with almost all of your other statements.

Proof of Stake is surely an interesting technology, but it has its own set of disadvantages and challenges. I don't know if you know about the Nothing at Stake problem. It has not been used for an attack up to date. But in contrast to Proof of Work, where you can calculate an "attack cost" and thus the approximate security of the chain, in Proof of Stake you can't, because there may be cheap, devastating attacks we don't know about yet (e.g. if the attacker shorts coins and attacks the chain with PoS holdings).

PoS also "makes the rich richer", as already mentioned by others - with the exception of "very low reward coins" like Peercoin. In addition, never "anyone" will be able to run a masternode or a PoS validation node (which are two different things people often confuse!) because if more than a certain amount of people do that (I believe this number to be about 10000) then the reward for smaller "stakers" or "masternode hosters" will be almost nothing.

KYC is impossible in decentralized systems. You need a "central authority" for that. And then you don't need a cryptocurrency. Bitcoin is all about decentralization.

Cryptocurrency especially Bitcoin is way better ahead than conventional currency. Bitcoin is meant to be created to seeks the roots of the problem from conventional currency which is trust.


The volatility the markets have given make people are blinded by the price swings, and many of them profiting from it. We need to know that in general cryptocurrency are speculative assets, no one ensures to always make a profit. What we need to do is to urge the community to create a project that has real-life values and usage, not just some forked scam coin.


POW is better in term of security.

Yes, it is much better than fiat monetary system. its both asset and currency.


If it is`nt for the traders bitcoins price would not move at all, they are the main reason why bitcoin has a high price. The project are for those who have a vast knowledge about bitcoin lets keep it to them, will handling the price goes to us users of bitcoins and traders.


There are millions of user of bitcoin it wont vanish just like that.


There`s nothing fair in the world we live in. Imagine a world were all living things are fair, Boring. Don`t be jealous.


You wish that there was a fair distribution but even in the POS the more stake you have the more crytpo you will get, so its not fair. You wish that there was a fair distribution but based on your conclusion they contradict each other.


Register here change.org and get a protest.

People invest their money in order to get some profits and their investments will always be on the first place. Are you surprised?  That is the difference between investment and donation.

What do you mean under fair distribution?
People are usually getting money because they earned them and not because someone 'fairly' distributed money.

Hello, my friends.

I am following the blockchain and cryptocurrency since 2015. And I have thought a lot about it. Is it really better than the fiat monetary system? Is it an asset? or Is it a currency?

Actually, I couldn't give an absolute answer. I must say that blockchain technology is awesome and can make a lot of great changes in our future.

Now, about the coin. Most of the crypto-followers are after the profits and don't care about the project. There are a lot of rubbish coins that are traded a lot because they just have great potential for profiting.

So, that is making these coins just like EUR/USD pair but with high volatility and no value in these coins' projects at all.

Does this mean that the coins will fade away and just the blockchain will persist?

Comparing crypto to fiat, there is no difference. There is no fair distribution for people. When I check the rich list of any crypto coin I found that there is no difference from the fiat rich list. Just a few people have the majority of the wealth. So, I am thinking a lot about a way to really trigger a crypto coin revolution.

I reached the conclusion that POS is better than POW. POW needs a lot of devices and a lot of power and money to buy both. POS needs no power but needs money as the minimum balance to run a master node.

For that issue, I think making this minimum balance affordable to everyone will give the POS blockchain a lot of security because anyone can run a master node. So, the chain is safe.
Then we make the addresses on that chain with caped balance. For example, no address can have more than ten million of the coin. And KYC is a must so no one can open multiple addresses. And when some address receives more coins at the cap these coins will be distributed to the poor list on the chain.
One more thing, the income of the master nodes must put in consideration where its owner is living. I live in Egypt and 1 ETH can sustain me for a month but for a USA citizen it can only pay a bill.
With a lot of master nodes, the chain is secured, a lot of buyers and sellers, less volatility for the coin, fair distribution guaranteed.

There is no intelligence in making a coin and just selling it. No intelligence in asking for thousands for dollars to run a master node.

I think a change must come to crypto-world or it will end as the myth of the millennium.

Had you given this your thoughts?
please, share your thoughts