There will be no "Development" of the Cryptoindustry for now, here is why:

KingScorpio

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Quote from: silent2 on January 30, 2019, 05:06:39 AM

I think that now it is necessary for Bitcoin to be in the position in which it is now. For all my own program, and my time, I believe that it will improve more extensively in development, and will help many people to earn money.

well earning money is not the issue, if everyone can create money, the question is what value will you get for that "money"

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I think that now it is necessary for Bitcoin to be in the position in which it is now. For all my own program, and my time, I believe that it will improve more extensively in development, and will help many people to earn money.

KingScorpio

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Quote from: franky1 on January 09, 2019, 08:59:01 PM

PoS coins have a zero cost of creation support value. the price is speculative of how pumped/promoted it is.

PoW coins have a cost of creation that gives it an underlying support. this has always been known factor even from th first year of bitcoin.

as for wanting to build your own 'crypto index' well thats just making a business that takes commission from getting people to buy/bet on a basket/group of altcoin..... nothing special there

no one actually cares about a crypto index. just like actual smart people dont care about 'market cap' as both things are essentially meaningless numbers.

if you were to make some revolutionary real world impacting exchange. here is an idea.
an exchange that does not measure coins in FIAT. but instead measures coins in 'minimum wage'/cost of living.

imagine it this way:
the fiat method. 1btc costs an american under 550 minimum labour hours to afford but somewhere like Afghanistan is like 8000 hours

the MW method. a coin is on the market at 550 MW. which an american can buy for the same 'value' but now the guy in the middle east only needs to work 550 hours to get 1btc.

the impact would be that americans would forex their dollars to buy afghanis so that the $->afs can buy them many btc. and cause the forex rate of usd/afs to swing where it brings middle easterners exchange rate up (due to forex arbitrage) to be more closer to 1:1 rather than 1:15

POS will be the future. all still care about the ranking in that scammy index

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PoS coins have a zero cost of creation support value. the price is speculative of how pumped/promoted it is.

PoW coins have a cost of creation that gives it an underlying support. this has always been known factor even from th first year of bitcoin.

as for wanting to build your own 'crypto index' well thats just making a business that takes commission from getting people to buy/bet on a basket/group of altcoin..... nothing special there

no one actually cares about a crypto index. just like actual smart people dont care about 'market cap' as both things are essentially meaningless numbers.

if you were to make some revolutionary real world impacting exchange. here is an idea.
an exchange that does not measure coins in FIAT. but instead measures coins in 'minimum wage'/cost of living.

imagine it this way:
the fiat method. 1btc costs an american under 550 minimum labour hours to afford but somewhere like Afghanistan is like 8000 hours

the MW method. a coin is on the market at 550 MW. which an american can buy for the same 'value' but now the guy in the middle east only needs to work 550 hours to get 1btc.

the impact would be that americans would forex their dollars to buy afghanis so that the $->afs can buy them many btc. and cause the forex rate of usd/afs to swing where it brings middle easterners exchange rate up (due to forex arbitrage) to be more closer to 1:1 rather than 1:15

KingScorpio

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Quote from: CryptoGamblingSites on January 09, 2019, 07:22:23 PM

Bitcoin built a lot of infrastructure for bitcoin users and funded every "cryptocurrency"

Bitcoin appears tired of funding crappy cryptocurrency projects and huge scammers for a long time.

People have separate visions of what this "industry" will become and usually don't realize it needs to be in the best interest of everybody. Bitcoin being able to store wealth rather than fund crappy projects will be a nice change this year.

The 2nd and 3rd layer solutions for bitcoin to send payments are actually going to happen in 5 - 10 years... this is all funded by bitcoin.

All of these "other things" people want to try and sell, need to get used to hearing no for awhile. We need decentralized digital money rather than using gold to store value. Then we'll need a stable smart contract solution -- maybe with some rules on these tokens -- who knows how it plays out.

Shitcoins must die though.

uhm well i am pretty sure with this attitude, you are gonna see bitcoin vanish, you dont look very pioniering like, like it would be expected from someone that hacks the global financial system.

well we build a working financial system the pos way, or you will see bitcoin disappear like a gimmick these are the options.

it will be cleared after bitcoin dropped to next low support level, i assure you.

i am sure that your beloved bitcoin will soon enter the realm of being questioned itself.

CryptoGamblingSites

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Bitcoin built a lot of infrastructure for bitcoin users and funded every "cryptocurrency"

Bitcoin appears tired of funding crappy cryptocurrency projects and huge scammers for a long time.

People have separate visions of what this "industry" will become and usually don't realize it needs to be in the best interest of everybody. Bitcoin being able to store wealth rather than fund crappy projects will be a nice change this year.

The 2nd and 3rd layer solutions for bitcoin to send payments are actually going to happen in 5 - 10 years... this is all funded by bitcoin.

All of these "other things" people want to try and sell, need to get used to hearing no for awhile. We need decentralized digital money rather than using gold to store value. Then we'll need a stable smart contract solution -- maybe with some rules on these tokens -- who knows how it plays out.

Shitcoins must die though.

KingScorpio

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Quote from: LeGaulois on January 09, 2019, 03:20:03 PM

Quote from: KingScorpio on January 09, 2019, 11:26:09 AM

Quote from: LeGaulois on January 09, 2019, 11:12:20 AM

Quote from: KingScorpio on January 09, 2019, 06:44:17 AM

Quote from: LeGaulois on January 09, 2019, 05:50:06 AM

Institutions have a greater interest in creating their own coin for several reasons. Not to be a coin developed in order to increase its value as much as possible but rather a coin to benefit from the technology, something like a stable coin.
If an institution is really interested in investing in BTC it will certainly not be through an exchange, and there is currently no positive signal showing an opportunity.

The crypto market is too dependent on BTC

OP is talking about the development of the industry, not the development of a coin

it is even worse, cryptoindustry is centrered on bitcoin

institutions haver no interest joining that crap.

the western institutions will then start supporting a communist nationalsocialist regime in their countries.

out of interest and the urban import dependend population will join them

Well, at least we can agree on something. But what to do then? If we are where we at today we can only blame ourselves. I don't even think institutions joining the crypto industry is a good thing, if I was an institution I would not invest in cryptos (perhaps on something related to cryptos) and you too surely.

i propose to build and establish our own regulated institutions

Technically and in theory, it could be possible but I hardly doubt the mass population has testicles big enough to accept and endorse it. It's like dreaming about a world without famine. Democracies always fail, you will have always people shouting and it could into anarchy where everyone do what they want.

we dont have to be perfect instantly, i propose this layer of engineering foundations, i am building an example.
building some engineering foundations to guide the development of value sources would already be a great idea, we have to use a standardised currency for that, and i use the logo and emblem of the socio-economic source

if we dont start doing that, you will see bitcoin crash, and with it entire indexed market.

take tron as an example its goal was to create a value source (however an extremly difficult to realise one) and it still focused, people

we have to create a standardised layer of value sources engineering foundations, to give and guide genertivity into the economy, and it will help

regards

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Quote from: KingScorpio on January 09, 2019, 11:26:09 AM

Quote from: LeGaulois on January 09, 2019, 11:12:20 AM

Quote from: KingScorpio on January 09, 2019, 06:44:17 AM

Quote from: LeGaulois on January 09, 2019, 05:50:06 AM

Institutions have a greater interest in creating their own coin for several reasons. Not to be a coin developed in order to increase its value as much as possible but rather a coin to benefit from the technology, something like a stable coin.
If an institution is really interested in investing in BTC it will certainly not be through an exchange, and there is currently no positive signal showing an opportunity.

The crypto market is too dependent on BTC

OP is talking about the development of the industry, not the development of a coin

it is even worse, cryptoindustry is centrered on bitcoin

institutions haver no interest joining that crap.

the western institutions will then start supporting a communist nationalsocialist regime in their countries.

out of interest and the urban import dependend population will join them

Well, at least we can agree on something. But what to do then? If we are where we at today we can only blame ourselves. I don't even think institutions joining the crypto industry is a good thing, if I was an institution I would not invest in cryptos (perhaps on something related to cryptos) and you too surely.

i propose to build and establish our own regulated institutions

Technically and in theory, it could be possible but I hardly doubt the mass population has testicles big enough to accept and endorse it. It's like dreaming about a world without famine. Democracies always fail, you will have always people shouting and it could into anarchy where everyone do what they want.

KingScorpio

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Quote from: kelz1 on January 09, 2019, 11:32:39 AM

Institutionalisation brings a new type of buyer, not just believers in economic freedom but real investors that have bigger pockets than the average new bitcoin believer

institutionalisation is decentralisation from bitcoincentrism

you do it, or you lose all support and trust for bitcoin

kelz1

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Institutionalisation brings a new type of buyer, not just believers in economic freedom but real investors that have bigger pockets than the average new bitcoin believer

KingScorpio

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Quote from: LeGaulois on January 09, 2019, 11:12:20 AM

Quote from: KingScorpio on January 09, 2019, 06:44:17 AM

Quote from: LeGaulois on January 09, 2019, 05:50:06 AM

Institutions have a greater interest in creating their own coin for several reasons. Not to be a coin developed in order to increase its value as much as possible but rather a coin to benefit from the technology, something like a stable coin.
If an institution is really interested in investing in BTC it will certainly not be through an exchange, and there is currently no positive signal showing an opportunity.

The crypto market is too dependent on BTC

OP is talking about the development of the industry, not the development of a coin

it is even worse, cryptoindustry is centrered on bitcoin

institutions haver no interest joining that crap.

the western institutions will then start supporting a communist nationalsocialist regime in their countries.

out of interest and the urban import dependend population will join them

Well, at least we can agree on something. But what to do then? If we are where we at today we can only blame ourselves. I don't even think institutions joining the crypto industry is a good thing, if I was an institution I would not invest in cryptos (perhaps on something related to cryptos) and you too surely.

i propose to build and establish our own regulated institutions

LeGaulois

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Activity: 2940

Merit: 4101

Top Crypto Casino

Quote from: KingScorpio on January 09, 2019, 06:44:17 AM

Quote from: LeGaulois on January 09, 2019, 05:50:06 AM

Institutions have a greater interest in creating their own coin for several reasons. Not to be a coin developed in order to increase its value as much as possible but rather a coin to benefit from the technology, something like a stable coin.
If an institution is really interested in investing in BTC it will certainly not be through an exchange, and there is currently no positive signal showing an opportunity.

The crypto market is too dependent on BTC

OP is talking about the development of the industry, not the development of a coin

it is even worse, cryptoindustry is centrered on bitcoin

institutions haver no interest joining that crap.

the western institutions will then start supporting a communist nationalsocialist regime in their countries.

out of interest and the urban import dependend population will join them

Well, at least we can agree on something. But what to do then? If we are where we at today we can only blame ourselves. I don't even think institutions joining the crypto industry is a good thing, if I was an institution I would not invest in cryptos (perhaps on something related to cryptos) and you too surely.

KingScorpio

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Activity: 1470

Merit: 325

Quote from: franky1 on January 09, 2019, 09:24:47 AM

now we seem to be getting to the crux of the issue

king scorpio is not upset about the industry/community of crypto.. he is upset about a BUSINESS which handles a basket of different altcoins and names the basket a "crypto index"

which i would say. knowing 99% of altcoins are crap coins anyway. and knowing that the BUSINESS that king scorpio is crying about is also not concerned with the value/utility of crapcoins. king scorpio should take a step back and realise that the BUSINESS that creates the basket of altcoins(index) do not make profit from if a coin is successful/usable/sustainable.

whether a altcoin is successful or not, the business that king scorpio is upset about just takes a commission from every trade of a basket, no matter what the basket contains and no matter what the altcoin in the basket actually does or doesnt do.

so now knowing this. king scorpion should realise making an altcoin and forcing it to only be listed if it meets certain standards wont make the BUSINESS any more or any less profitable. so in essense they will still not care if a coin meets a certain standard or not. as thats not their BUSINESS model

so in short. king scorpio is fighting a battle with the wrong weapon

i cant do much more than telling in this comunity the issue,

you have to decide you either build a cryptoindustry and help decentralisation also with regulatory features, or you market bitcoin and try to protect its eternal attentionhack with a bitcoincentristic corruption index, with cryptobribe ripple silently rising up in it.

a more neutral cryptoindustry index would look more like this :

with an interactive globus and a layered indexation datapage for different functionalities
https://imgur.com/a/21PZBs8

Snyderfx2

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I think the reason why crypto coin industry is not developing due to its greedy user's because majority of people who invest in crypto or bitcoin have no desire to use them for day to day functions as a means of payment alternative for fiat currencies and I don't think even people who launch ICO projects have that ambition and there only target is to make quick profits by introducing a currency so there are many cryptocurrencies in the world but still we don't see a significant contribution to the world

franky1

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now we seem to be getting to the crux of the issue

king scorpio is not upset about the industry/community of crypto.. he is upset about a BUSINESS which handles a basket of different altcoins and names the basket a "crypto index"

which i would say. knowing 99% of altcoins are crap coins anyway. and knowing that the BUSINESS that king scorpio is crying about is also not concerned with the value/utility of crapcoins. king scorpio should take a step back and realise that the BUSINESS that creates the basket of altcoins(index) do not make profit from if a coin is successful/usable/sustainable.

whether a altcoin is successful or not, the business that king scorpio is upset about just takes a commission from every trade of a basket, no matter what the basket contains and no matter what the altcoin in the basket actually does or doesnt do.

so now knowing this. king scorpion should realise making an altcoin and forcing it to only be listed if it meets certain standards wont make the BUSINESS any more or any less profitable. so in essense they will still not care if a coin meets a certain standard or not. as thats not their BUSINESS model

so in short. king scorpio is fighting a battle with the wrong weapon

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Quote from: BrewMaster on January 09, 2019, 09:06:14 AM

that is only the way you think not what really is happening in the cryptocurrency world.

there is no denying that many are only interested in the price, you included, but that doesn't mean that is the only thing that matters and because of it no development would take place! the fact is a lot of cool things are going on at all times in this world because the technology is a very interesting one. it just happens that bitcoin is the biggest innovation and it is ahead because of that otherwise things are very good if you stop looking at the price only!

The development will not happen still we don't trust the Bitcoin value because lots of people find it and sell their investment suddenly while the price getting lowered in the starting stage this will lead to the full value drop in quicktime and it cast many people to sell their investment.

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There is trouble abrewing

that is only the way you think not what really is happening in the cryptocurrency world.

there is no denying that many are only interested in the price, you included, but that doesn't mean that is the only thing that matters and because of it no development would take place! the fact is a lot of cool things are going on at all times in this world because the technology is a very interesting one. it just happens that bitcoin is the biggest innovation and it is ahead because of that otherwise things are very good if you stop looking at the price only!

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Quote from: Blocktopian88 on January 09, 2019, 08:24:07 AM

I agree with someone said in comment,"Bitcoin developers care less about the price than you think they do". What's more, for the whole industry, there will be other developments more than price happening, such as launching ETFs, though it's difficult, and different in various countries.

You need to quote that post or you will get ban for posting someone's content even if it is general content to say.

Launching ETF is also not in the mind of developers because it can kills the traditional investors of crypto currency and make the bitcoin not usable for real life purpose.

KingScorpio

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Quote from: ShadowBits on January 09, 2019, 08:33:13 AM

Quote from: KingScorpio on January 08, 2019, 02:07:13 PM

There will be no "Development" of the Cryptoindustry for quite a while there are substantial attuitudes that prevent a development, here is why:

many of those bitcoin hodlers think that there will be institutionalisation that will return their beloved bitcoin back to 20k usd so they can sell with profits again

but thats not how instutionalisation will work.

current cryptomarket will not develop itself for certain well defined reasons.

bitcoin founders didnt created the cryptomarket for everyone to develop, they as first and mainly created and marketed bitcoin.

in the end the bitcoin founders created a bitcoincentristic cryptoindex and economy (bitcoin is best and biggest) that they now want to impose on the whole world. and it is surprisingly still taken serious by many without much resistance.

That is the main issue why the cryptoindustry will not develop itself. its the dictatorial bitcoincentrism and bitcoin maximalism, of the founders out of this forum. they want everybody to look at it and adapt it in their "interest" and push their bitcoin hodlings, its actually still not a cryptomarket its a bitcoin centristic market. and its not decentralised away from bitcoin to ever be called "a cryptomarket" yet.

and i doubt they will be taken serious in long run in fact, they will be considered more and more a joke. with more and more people creating their own "coins"

institutionalisation of cryptoindustry will not help because instutitions mainly will desire to fund themselves, and not join a pow token, they therefore will create their own token, or support a local communist/national socialist regime like its getting more and more obvious in the usa.

regards

People keep saying that because they don't see the market at the highs. But when the market will go up and go on a new rally then people would really say that things.

nope you are in a death spiral

ShadowBits

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Quote from: KingScorpio on January 08, 2019, 02:07:13 PM

There will be no "Development" of the Cryptoindustry for quite a while there are substantial attuitudes that prevent a development, here is why:

many of those bitcoin hodlers think that there will be institutionalisation that will return their beloved bitcoin back to 20k usd so they can sell with profits again

but thats not how instutionalisation will work.

current cryptomarket will not develop itself for certain well defined reasons.

bitcoin founders didnt created the cryptomarket for everyone to develop, they as first and mainly created and marketed bitcoin.

in the end the bitcoin founders created a bitcoincentristic cryptoindex and economy (bitcoin is best and biggest) that they now want to impose on the whole world. and it is surprisingly still taken serious by many without much resistance.

That is the main issue why the cryptoindustry will not develop itself. its the dictatorial bitcoincentrism and bitcoin maximalism, of the founders out of this forum. they want everybody to look at it and adapt it in their "interest" and push their bitcoin hodlings, its actually still not a cryptomarket its a bitcoin centristic market. and its not decentralised away from bitcoin to ever be called "a cryptomarket" yet.

and i doubt they will be taken serious in long run in fact, they will be considered more and more a joke. with more and more people creating their own "coins"

institutionalisation of cryptoindustry will not help because instutitions mainly will desire to fund themselves, and not join a pow token, they therefore will create their own token, or support a local communist/national socialist regime like its getting more and more obvious in the usa.

regards

People keep saying that because they don't see the market at the highs. But when the market will go up and go on a new rally then people would really say that things.

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