4 ms·
How much 'real' transaction goes on through these alt coins? Bitcoin enabled trade accross borders without going through banks, and with the possibility of eva
by shubb 9y ago
How much 'real' transaction goes on through these alt coins?
Bitcoin enabled trade accross borders without going through banks, and with the possibility of evading normal money launderng proceedures.
Ethereum offered fascinating new applications like DAO, providing new ways of trading in funds and structuring companies.
Possibly there would be space for a zero knowledge alt-coin in dark pools and for mediating illegal tranasctions. But I don't think there is a market leader yet.
The huge majority of these alt coins are bucket shops. Surely that should effect the way we talk about them.
There are a lot of bucketshops these days. American gambling laws make it better to pretend to be legitimate. I wish America would just legalize online gambling.
- jameskegel 9y agoMy friends and I settle up our beer tabs or things like that with Aeon, a Monero like currency popular in my age bracket.
- shubb 9y agoThanks - here in the UK Monzo (a startup but more or less a traditional bank) is filling that niche, and I'd not hear of Aeon. I think a mobile privacy platform like that has a lot of potential but you'd need to make it very easy to buy the coins too.
- jameskegel 9y agoAh yes, happy to help you in any way. Thanks to the asic resistant mining algorithm we are able to generate coins fairly reliably with CPUs that are already in our desktops and inexpensive GPU arrays that we have pieced together from Newegg.