4 ms·

"people have seen the future and they want more" Citation needed. The impression I get is that other than a get rich quick/MLM scheme, there isn't really anyth

"people have seen the future and they want more" Citation needed. The impression I get is that other than a get rich quick/MLM scheme, there isn't really anything there of interest to the general population. And I say that as someone who has spent a lot of time thinking about Bitcoin and crypto in general.

jjtheblunt 8y ago
Agreed totally.
mattdeboard 8y ago
You can tell everyone wants it by the way demand has crashed through the floor
- adamnemecek 8y ago
  It crashed as currently the technology isn't quite there, however it will be eventually.
- pc86 8y ago
  Disclaimer: I made about 13x total ROI speculating on Bitcoin during its volatility between the $1200-8k range. I wouldn't touch it with a 10' pole now. Demand has crashed because speculation is much more difficult now, and it's much easier to get into a position where your only choices are (a) sell at a huge loss; or, (b) hold and hope it goes up and you can get out even. A few years ago when it was much more volatile unless you were very unlucky with your timing you didn't have to wait more than a month or two to be able to sell with substantial gains, and wait for another drop to buy back in (or buy in pieces on the way down).
pixelperfect 8y ago
It seems to have widespread utility in countries with severe currency problems like Venezuela. But I agree, for countries with healthy economies, I don't see why crypto would attain mainstream adoption for much more than black market transactions.
ssalka 8y ago
There are several projects working to put power back in the hands of general consumers, rather than enterprise businesses. DataWallet[0], for example, is building blockchain-based data hub for users to manage their data, in such a way that they (the users) retain control over it, and companies wanting access have to pay. Simplest use case: enter your contact info in 1 place only, not on every website you sign up for. More generally, I think something like this would be well-received by the public, given recent outcries around privacy, scandals in large tech companies, and the emergence of GDPR (specifically: regular people learning - perhaps for the first time - that they have a right to control the access permissions of the data they create, even on someone else's platform). Another development of interest is Basic Attention Token[1], wherein users are essentially paid to watch ads. This project is pretty well-known so I won't say much about it other than that it does have consumer appeal. Granted, the majority of blockchain projects don't (directly) address major problems that consumers have; rather, most address the problems that developers and/or businesses face. The hope is that some of these new technologies will enable said devs & businesses to build better products for their respective users. [0] https://datawallet.com https://datawallet.com [1] https://basicattentiontoken.org/ https://basicattentiontoken.org/

jjtheblunt 8y ago

Agreed totally.

mattdeboard 8y ago

You can tell everyone wants it by the way demand has crashed through the floor

adamnemecek 8y ago
It crashed as currently the technology isn't quite there, however it will be eventually.
pc86 8y ago
Disclaimer: I made about 13x total ROI speculating on Bitcoin during its volatility between the $1200-8k range. I wouldn't touch it with a 10' pole now. Demand has crashed because speculation is much more difficult now, and it's much easier to get into a position where your only choices are (a) sell at a huge loss; or, (b) hold and hope it goes up and you can get out even. A few years ago when it was much more volatile unless you were very unlucky with your timing you didn't have to wait more than a month or two to be able to sell with substantial gains, and wait for another drop to buy back in (or buy in pieces on the way down).

pixelperfect 8y ago

It seems to have widespread utility in countries with severe currency problems like Venezuela. But I agree, for countries with healthy economies, I don't see why crypto would attain mainstream adoption for much more than black market transactions.

ssalka 8y ago

There are several projects working to put power back in the hands of general consumers, rather than enterprise businesses. DataWallet[0], for example, is building blockchain-based data hub for users to manage their data, in such a way that they (the users) retain control over it, and companies wanting access have to pay. Simplest use case: enter your contact info in 1 place only, not on every website you sign up for. More generally, I think something like this would be well-received by the public, given recent outcries around privacy, scandals in large tech companies, and the emergence of GDPR (specifically: regular people learning - perhaps for the first time - that they have a right to control the access permissions of the data they create, even on someone else's platform). Another development of interest is Basic Attention Token[1], wherein users are essentially paid to watch ads. This project is pretty well-known so I won't say much about it other than that it does have consumer appeal. Granted, the majority of blockchain projects don't (directly) address major problems that consumers have; rather, most address the problems that developers and/or businesses face. The hope is that some of these new technologies will enable said devs & businesses to build better products for their respective users. [0] https://datawallet.com https://datawallet.com [1] https://basicattentiontoken.org/ https://basicattentiontoken.org/