Topic: The point of cryptos is sadly being destroyed - page 3. (Read 2975 times)
That would be due to bitcoin prices then
IMO The point of cryptos:
How to fix this before a potentially great thing gets killed off?
How to fix this before a potentially great thing gets killed off?
What you really mean is
How to fix this before a potentially great thing grows to 10x more?
Its going to grow but negative people in general will see cryptos failing.
The market has been contracting for a couple of months now due to a lack of new money coming and the issues I listed. It was once near 15 billion.
IMO The point of cryptos:
How to fix this before a potentially great thing gets killed off?
How to fix this before a potentially great thing gets killed off?
What you really mean is
How to fix this before a potentially great thing grows to 10x more?
Its going to grow but negative people in general will see cryptos failing. Negative FUD spreaders
the good ones will stay. the bad ones will be gone soon.
If miners stopped responding, then shitcoin devs wouldn't create bad new coins, so...
Blame the miners!
Only support the coins that meet your high standards.
The others will fade away soon enough.
Blame the miners!
How to fix this before a potentially great thing gets killed off?
Only support the coins that meet your high standards.
The others will fade away soon enough.
Greed, theft and so on aren't exclusive to cryptocurrencies; these just offer another avenue for it to come through, and that is to be expected.
Still, it is quite an exaggeration to state that the point of cryptos is being destroyed. In fact, I would say the opposite: they haven't ever been more popular, and increasingly more people realize there are viable alternatives to the current system. This seems to me to be the most important aspect.
Sometimes you need a dramatic headline to get sufficient attention my friend! I see it worked! Still, it is quite an exaggeration to state that the point of cryptos is being destroyed. In fact, I would say the opposite: they haven't ever been more popular, and increasingly more people realize there are viable alternatives to the current system. This seems to me to be the most important aspect.
Herein lies the problem of cryptocoins as a whole. When there is no regulation, you get a rogue free market. I am not saying we should regulate crypto currencies, but something needs to be done.
The problem in my opinion is not the number of new pump coins showing up, it's the exchanges that keep getting hacked and failing. The lack of security, the lack of care and due-diligence when it comes to running a proper cryptocurrency exchange.
Even though most exchanges are making good money, it seems the money being made from commissions and fees is not being invested back into the business itself. In the real world, all businesses operate on the principle of once your overheads are covered, you invest a little of the excess back into the business to help it grow further (or you take investment). Some of these so-called secure exchanges are running on the likes of Linode or DigitalOcean virtual private servers, don't understand basic server management, don't have hot to cold storage processes in place and keep everything in the one location.
All serious crypto coins need to work together and create the ultimate decentralised currency software that anyone can run. But it's a double-edged sword here, because won't that mean more people will be able to start running exchanges if you give the software away? Yes, but they're doing that anyway and look at the results? At least if there is a seriously tested, developed and constantly updated exchange, we can make it that extra bit harder for exchanges to fail because they're a sole point of failure.
Everyone needs to band together; Bitcoin, Litecoin, Dogecoin and Infinitecoin in particular collectively have just as much community and resources as a company like Google does. I think we need to organise some kind of online meetup amongst cryptos, a plan and solution needs to be developed and acted upon.
The problem in my opinion is not the number of new pump coins showing up, it's the exchanges that keep getting hacked and failing. The lack of security, the lack of care and due-diligence when it comes to running a proper cryptocurrency exchange.
Even though most exchanges are making good money, it seems the money being made from commissions and fees is not being invested back into the business itself. In the real world, all businesses operate on the principle of once your overheads are covered, you invest a little of the excess back into the business to help it grow further (or you take investment). Some of these so-called secure exchanges are running on the likes of Linode or DigitalOcean virtual private servers, don't understand basic server management, don't have hot to cold storage processes in place and keep everything in the one location.
All serious crypto coins need to work together and create the ultimate decentralised currency software that anyone can run. But it's a double-edged sword here, because won't that mean more people will be able to start running exchanges if you give the software away? Yes, but they're doing that anyway and look at the results? At least if there is a seriously tested, developed and constantly updated exchange, we can make it that extra bit harder for exchanges to fail because they're a sole point of failure.
Everyone needs to band together; Bitcoin, Litecoin, Dogecoin and Infinitecoin in particular collectively have just as much community and resources as a company like Google does. I think we need to organise some kind of online meetup amongst cryptos, a plan and solution needs to be developed and acted upon.
Greed, theft and so on aren't exclusive to cryptocurrencies; these just offer another avenue for it to come through, and that is to be expected.
Still, it is quite an exaggeration to state that the point of cryptos is being destroyed. In fact, I would say the opposite: they haven't ever been more popular, and increasingly more people realize there are viable alternatives to the current system. This seems to me to be the most important aspect.
Still, it is quite an exaggeration to state that the point of cryptos is being destroyed. In fact, I would say the opposite: they haven't ever been more popular, and increasingly more people realize there are viable alternatives to the current system. This seems to me to be the most important aspect.
The new coins are a joke everyday we get a country coin now !? Siliconvaleycoin ? give me a break
Free market will solve all issues. Stay calm and carry on.
It does not usually seem to take long for a shit coin to die. I doubt many of the worst coins will be here in a months time, so the good ones should be OK.
Well ... it is hard to fight with those things that you pointed but I agree with you.
He must just hope that the "good side" will be stronger than other one.
Make support. Be aware and share good information with others
Regards!
He must just hope that the "good side" will be stronger than other one.
Make support. Be aware and share good information with others
Regards!
IMO The point of cryptos:
A new kind of easy to use and access digital cash.
A new kind of freedom where you can use your money without having to pay big brother a cut.
A chance to revolutionize currency.
A chance to have a say in how the money system works and be part of the system.
A chance to make the world a better place by lowering the costs of goods and services, re-invigorating global manufacturing and more evenly distributing wealth.
What we are getting:
Greed
Theft
A stack of shitcoins which have no intention of ever being used for anything but a simple ponzi scheme
A diluted market where the points above are being muddied to levels that those coming into cryptos don't even know what they are!
Now individual countries and groups are running their own shitcoins scams.
Government controlled coins, pre-mine etc....
How to fix this before a potentially great thing gets killed off?
A new kind of easy to use and access digital cash.
A new kind of freedom where you can use your money without having to pay big brother a cut.
A chance to revolutionize currency.
A chance to have a say in how the money system works and be part of the system.
A chance to make the world a better place by lowering the costs of goods and services, re-invigorating global manufacturing and more evenly distributing wealth.
What we are getting:
Greed
Theft
A stack of shitcoins which have no intention of ever being used for anything but a simple ponzi scheme
A diluted market where the points above are being muddied to levels that those coming into cryptos don't even know what they are!
Now individual countries and groups are running their own shitcoins scams.
Government controlled coins, pre-mine etc....
How to fix this before a potentially great thing gets killed off?
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