4 ms·

The total market cap of all cryptocurrencies is .6 trillion USD. There's dozens of coins with teams and communities trying to make them succeed and provide valu

The total market cap of all cryptocurrencies is .6 trillion USD. There's dozens of coins with teams and communities trying to make them succeed and provide value. There's a lot of work and creativity involved in providing new technological solutions to overcome the limitations of older cryptocurrencies. I think you should give the cryptoscene another chance and do some research on what's going on. Saying that all this work, money and effort is something that will only benefits scammers is a bit unfair.

spookthesunset 9y ago
> Saying that all this work, money and effort is something that will only benefits scammers is a bit unfair It's entirely fair. Bitcoin is a solution in search of a problem. The only "solution" it's solved so far is lining the pockets of the folks at the top of its pyramid. Bitcoin has been around for, what, 9 years now? If it was going to see mainstream adoption, it would have happened a long time ago.
- tlrobinson 9y ago
  9 years is a very short time for a foundational technology to go mainstream. The internet took ~25 years.
  - bennytjia 9y ago
    Which is a good thing. A "foundational technology" is foundational because it lets the new one builds on top of it faster. It reduces marginal time for new ones to become mainstream.
Anderkent 9y ago
Market cap is irrelevant when significant percentage of the coins aren't being exchanged or used for anything, and are just sitting in cold wallets.
rifung 9y ago
First of all I didn't mean to put down anyone's work. I am sure the technology is fascinating. Someone asked about the reason for negativity and I gave them my reasons. > I think you should give the cryptoscene another chance and do some research on what's going on. Saying that all this work, money and effort is something that will only benefits scammers is a bit unfair. I suppose the issue is that I don't really see anything wrong with our existing currencies but there are hurdles and issues to using cryptocurrencies (I can't actually use it to buy many things and its value fluctuates too much for my stomach to handle).

spookthesunset 9y ago

> Saying that all this work, money and effort is something that will only benefits scammers is a bit unfair It's entirely fair. Bitcoin is a solution in search of a problem. The only "solution" it's solved so far is lining the pockets of the folks at the top of its pyramid. Bitcoin has been around for, what, 9 years now? If it was going to see mainstream adoption, it would have happened a long time ago.

tlrobinson 9y ago
9 years is a very short time for a foundational technology to go mainstream. The internet took ~25 years.
- bennytjia 9y ago
  Which is a good thing. A "foundational technology" is foundational because it lets the new one builds on top of it faster. It reduces marginal time for new ones to become mainstream.

Anderkent 9y ago

Market cap is irrelevant when significant percentage of the coins aren't being exchanged or used for anything, and are just sitting in cold wallets.

rifung 9y ago

First of all I didn't mean to put down anyone's work. I am sure the technology is fascinating. Someone asked about the reason for negativity and I gave them my reasons. > I think you should give the cryptoscene another chance and do some research on what's going on. Saying that all this work, money and effort is something that will only benefits scammers is a bit unfair. I suppose the issue is that I don't really see anything wrong with our existing currencies but there are hurdles and issues to using cryptocurrencies (I can't actually use it to buy many things and its value fluctuates too much for my stomach to handle).