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The future of cryptocurrency seems like this- >Bitcoin is digital gold, even if economists hate it. Humans around the world started believing in a deflationary

The future of cryptocurrency seems like this- >Bitcoin is digital gold, even if economists hate it. Humans around the world started believing in a deflationary currency. >Centralized non-stable coins took advantage of noobs that didn't understand the purpose of blockchain was to be decentralized. >Smart coins failed to scale, and might be seeing their end. POS and DAG are untested solutions that might provide a future, but it will be years before people trust it. >Stable coins are centralized, but provide the ability to transfer assets with limited costs. These will require centralization >Fast/cheap/privacy coins are looking to beat bitcoin at moving money. That said, just because a crypto is useful, doesnt mean that it will grow in value. The value may be using the coin rather than holding the coin.

CPLX 8y ago
> just because a crypto is useful What's it useful for?
- MusaTheRedGuard 8y ago
  Peer to peer censorship resistant electronic cash. Moving value on the internet without a potentially compromised central party
- mkirklions 8y ago
  I dont believe its useful for apps, but I do find it useful for moving money. To clarify, I only like Bitcoin so far. I'm currently building a token that is tied to an Index Fund. It will not use blockchain technology.
  - scottlocklin 8y ago
    "Stable coins" should be called "Oracle problem." How are you dealing with the oracle problem with your token?
    - mkirklions 8y ago
      It isnt decentralized, this is a feature that allows >Hidden transactions >No txn fees >Anonymous usernames And the obvious benefit that you own an index fund instead of USD.
      - scottlocklin 8y ago
        At the moment, I'd rather hold dollars. You didn't answer the question; there is still an oracle problem. How do I know you're holding a unit of the index fund for each token? I have a pretty good idea my broker will, as he'll go to jail if he gets caught short. That's usually right, but then we have clowns like Jon Corzine who get away with it because they're more equal than others. The other stuff can be done with a permissioned blockchain; if you can adequately solve the oracle problem, you'd have something pretty interesting. If you don't, you're an unregulated broker who uses Chaumian tokens.

CPLX 8y ago

> just because a crypto is useful What's it useful for?

MusaTheRedGuard 8y ago
Peer to peer censorship resistant electronic cash. Moving value on the internet without a potentially compromised central party
mkirklions 8y ago
I dont believe its useful for apps, but I do find it useful for moving money. To clarify, I only like Bitcoin so far. I'm currently building a token that is tied to an Index Fund. It will not use blockchain technology.
- scottlocklin 8y ago
  "Stable coins" should be called "Oracle problem." How are you dealing with the oracle problem with your token?
  - mkirklions 8y ago
    It isnt decentralized, this is a feature that allows >Hidden transactions >No txn fees >Anonymous usernames And the obvious benefit that you own an index fund instead of USD.
    - scottlocklin 8y ago
      At the moment, I'd rather hold dollars. You didn't answer the question; there is still an oracle problem. How do I know you're holding a unit of the index fund for each token? I have a pretty good idea my broker will, as he'll go to jail if he gets caught short. That's usually right, but then we have clowns like Jon Corzine who get away with it because they're more equal than others. The other stuff can be done with a permissioned blockchain; if you can adequately solve the oracle problem, you'd have something pretty interesting. If you don't, you're an unregulated broker who uses Chaumian tokens.