4 ms·

You are fundamentally arguing that cryptocurrencies, all of them, will be gone? That like 30 years from now, there will be 0 things that are basically cryptocur

You are fundamentally arguing that cryptocurrencies, all of them, will be gone? That like 30 years from now, there will be 0 things that are basically cryptocurrencies or something that replaced them?

Retric 9y ago
That's irrelevant. If every cryptocurrency around in 30 years has yet to be created then every current cryptocurrency would be dead. Consider, what happens if the Internet dies? Well you could run a private coin on an old laptop, but that's not really meaningful.
- 20after4 9y ago
  Now that's a scary thought.
- adamnemecek 9y ago
  It's not an overnight thing. Like the transfer from Bitcoin to the new thing would be very gradual, standard technology adoption rate curve. And like, it's not clear by how much would you really diminish Bitcoin. Like crpyto became a thing but I dont think it was at the stock market.
teraflop 9y ago
It's a possibility. Maybe they'll still be here, maybe they'll be totally gone; maybe they'll exist, but only in certain niches, or in a form that's unrecognizably different than what they look like now. By analogy: two decades ago, US consumers were buying almost a billion dollars' worth of photographic film a year [1]. Photography hasn't gone anywhere -- people are taking orders of magnitude more photos than they used to -- but if you had invested your entire net worth into Kodak in 2000, you'd be penniless now. [1]: http://blog.keh.com/the-evolution-of-photo-lab-life/ http://blog.keh.com/the-evolution-of-photo-lab-life/
- to3m 9y ago
  But this time it's different, because you can invest your entire net worth into KODAKCoin: https://www.kodak.com/kodakone/default.htm https://www.kodak.com/kodakone/default.htm
- adamnemecek 9y ago
  Ok so we disagree on whether Bitcoin has peaked or not. Do you feel like crypto has peaked? There's this half trilion just waiting to be multiplied. Like people just bought in, they wont be selling. In some sense, I wonder if the fact that beginner investors bought in means that it's more resistant to a price dump as they wont have stop losses. If they bought for 1000, they wont sell for 500 thereby keeping the price afloat. Not saying that's the case.
  - JumpCrisscross 9y ago
    > Like people just bought in, they wont be selling Is this a serious argument?
    - adamnemecek 9y ago
      You've never met a "naive" investor.
  - Jtsummers 9y ago
    Someone buying for $1000 and not selling for $500 will not keep the price afloat. It just means they're stuck with something they refuse to sell and no one else wants to buy. Other people will sell at the lower price (to get out and write off their losses rather than incur more) and the price will drop anyways.
    - adamnemecek 9y ago
      It's not someone. It could be large part of the market.
      - 9y ago

Retric 9y ago

That's irrelevant. If every cryptocurrency around in 30 years has yet to be created then every current cryptocurrency would be dead. Consider, what happens if the Internet dies? Well you could run a private coin on an old laptop, but that's not really meaningful.

20after4 9y ago
Now that's a scary thought.
adamnemecek 9y ago
It's not an overnight thing. Like the transfer from Bitcoin to the new thing would be very gradual, standard technology adoption rate curve. And like, it's not clear by how much would you really diminish Bitcoin. Like crpyto became a thing but I dont think it was at the stock market.

teraflop 9y ago

It's a possibility. Maybe they'll still be here, maybe they'll be totally gone; maybe they'll exist, but only in certain niches, or in a form that's unrecognizably different than what they look like now. By analogy: two decades ago, US consumers were buying almost a billion dollars' worth of photographic film a year [1]. Photography hasn't gone anywhere -- people are taking orders of magnitude more photos than they used to -- but if you had invested your entire net worth into Kodak in 2000, you'd be penniless now. [1]: http://blog.keh.com/the-evolution-of-photo-lab-life/ http://blog.keh.com/the-evolution-of-photo-lab-life/

to3m 9y ago
But this time it's different, because you can invest your entire net worth into KODAKCoin: https://www.kodak.com/kodakone/default.htm https://www.kodak.com/kodakone/default.htm
adamnemecek 9y ago
Ok so we disagree on whether Bitcoin has peaked or not. Do you feel like crypto has peaked? There's this half trilion just waiting to be multiplied. Like people just bought in, they wont be selling. In some sense, I wonder if the fact that beginner investors bought in means that it's more resistant to a price dump as they wont have stop losses. If they bought for 1000, they wont sell for 500 thereby keeping the price afloat. Not saying that's the case.
- JumpCrisscross 9y ago
  > Like people just bought in, they wont be selling Is this a serious argument?
  - adamnemecek 9y ago
    You've never met a "naive" investor.
- Jtsummers 9y ago
  Someone buying for $1000 and not selling for $500 will not keep the price afloat. It just means they're stuck with something they refuse to sell and no one else wants to buy. Other people will sell at the lower price (to get out and write off their losses rather than incur more) and the price will drop anyways.
  - adamnemecek 9y ago
    It's not someone. It could be large part of the market.
    - 9y ago