Quote: (11-16-2017 10:42 AM)SamuelBRoberts Wrote:
Really, anyone who takes investment advice from "HardcoreSexPatMotherfucker" deserves the bad things that happen as a consequence of that, so go ahead and recommend whatever you like.
Dash is garbage, though, so please don't recommend that.
- I do not give investment advice. I am more interested in promoting blockchain against banks in general. There's more to it than just making a quick buck.
- I do not recommend Dash. I argue that Bitcoin will burst once people will start using the cryptos for actual transactions. The winners might be Dash, but also XRP or OmiseGo. Those 3 seem the only functionning ones, but I'm not arguing for one or the other.
Bitcoin was an experiment. It's like the AOL or Netscape Navigator of crypto. All the infrastructure that has been built around Bitcoin (ATMs, wallets, debit cards, etc) will progressively become multi-currency (ie accepting the top 10 cryptos or something), then users will have a choice. Once they have that choice, they will see how poorly the Bitcoin experiment is compared to the other cryptos.
Right now we are still in a situation where most people don't have a choice: you need to buy Bitcoin first on most exchanges, then convert it into the crypto of your choice. Most sites list only the Bitcoin price on their homepage, etc. so BTC still benefits from a preeminence due to its notoriety.
Quote: (11-14-2017 10:19 AM)infinitejest Wrote:
I'm not drinking the 'store of value,' 'digital gold' kool-aid that seems to be the go-to talking point every BTC maximalist uses nowadays to argue for Bitcoin. It's funny how bitcoin has changed from its initial inception as a "purely peer-to-peer version of electronic cash" in the original whitepaper to 'digital gold!'. The best part is these same maximalists will tell you that BTC is the only real coin and that every ALT is shit, especially the 'centralized' ones like ETH, while they completely ignore the centralized nature of Blockstream
Bitcoin isn't digital gold. Gold was unique because no one could replicate or improve its molecular composition. It's a unique metal, with unique properties. But anyone (or at least many people) can create a blockchain that is technologically superior to Bitcoin - and that can be improved incrementally over the years.
So cryptos are NOT a store of value (not anymore than fiat is), they are
an efficient protocol for the transfer of money. Just like there was http, now there is http 2.0, soon there might be IPFS, etc.
Quote: (11-13-2017 08:34 AM)kuros Wrote:
99% of people in the cryptocurrencies world are not using the cryptocurrencies at all.
They are useful for close to nothing if you are being honest about it.
Not even Amazon does not accept any of them.
Overstock.com does, though, through CoinPayments.net.
But yeah, it's mostly speculation at this point. I don't care about speculation, I care about the success of crypto as a whole, so that we stop depending on banks, physical addresses, debit cards, etc. I want a universal, instant protocol for all payments.
Quote: (11-16-2017 01:45 PM)jamaicabound Wrote:
I don't know that much about Dash though from what most people say they are more marketing where as Monero is the best tech. As we've seen sometimes the best marketing wins out over the best tech.
- Dash focuses primarily on being user-friendly (by building interfaces your grandma could use) and actual retail adoption (not necessarily just marketing)
- Monero focuses on being 100% anonymous (but is a headache for the layman to use and will likely remain so for a long time).