4 ms·

> Don't worry, there's a lot of progress being made if you keep up with the industry news. Sorry to nitpick your comment specifically, but I always hear this i

by mbesto 5y ago

> Don't worry, there's a lot of progress being made if you keep up with the industry news. Sorry to nitpick your comment specifically, but I always hear this in the crypto community "we're making progress!". But no one ever cares to provide specifics. Why is that?

BLKNSLVR 5y ago
Honestly, it's fucking complex, which doesn't help it's adoption or popularity. I've been throwing away my previous life for nearly a year in reading, watching, and listening to all manner of news, deep dive explanations, technical analysis, price predictions, "fundamentals" definitions, pundit commentary, etc, as well as participating, in non-financially-ruinous-risking ways, in trading, swapping, DeFi, yield farming, lending, (not borrowing). It's difficult to define what I've learnt, and maybe that's indicative in the opposite way than I'd like. You have to dip your toe in to check the temperature. I've known of Bitcoin since it was $1, and was very skeptical of it until I dipped my toe in. Both my feet are wet now though, right up to my knees. I believe cryptocurrency has a bright future. Bitcoin is the first, Ethereum added something amazing to bitcoin to become a platform for other ecosystems, and now there are smaller competitors that are going to be "the new Ethereum" by being faster and cheaper and more decentralised so the ecosystems can spread wider to cater to more people. There are a couple of cryptocurrencies that are hoping to be able to soon compete with the transaction speeds and volumes of Visa but with lower fees. But, admittedly, that kind of performance level is vaporware after 5 years, but work continues and "revelations" always seem to be round the corner: Cardano smart contracts go live this weekend (I think, unless it's the last testnet release). Ethereum 2.0 is scheduled for release in December (this will probably make people 'in the know' smirk - so let's say Q1 2022). Solana is gaining popularity and has the potential for the Visa stats right now, but it's just waiting for the volume to prove it. Polkadot has its parachain auctions coming up later this month (or next...).
- mbesto 5y ago
  > go live this weekend (I think > coming up later this month (or next...). > scheduled for release in December (this will probably make people 'in the know' smirk - so let's say Q1 2022). > couple of cryptocurrencies that are hoping to be able to soon compete Do you see why people roll their eyes when they hear "we're making progress" now?
  - BLKNSLVR 5y ago
    Fuck yes, and I find it amusing. However: Ethereum's controversial "London" hard fork went live a couple of weeks ago. Kusama's parachain auctions have been live and ongoing for a while now. Bitcoin's Lightning network is powering El Salvador's transactions. PayPal allows cryptocurrency purchases. Square is doing whatever it did with crypto. Amazon and Walmart are hiring digital cash experts.

by mbesto 5y ago

BLKNSLVR 5y ago

Honestly, it's fucking complex, which doesn't help it's adoption or popularity. I've been throwing away my previous life for nearly a year in reading, watching, and listening to all manner of news, deep dive explanations, technical analysis, price predictions, "fundamentals" definitions, pundit commentary, etc, as well as participating, in non-financially-ruinous-risking ways, in trading, swapping, DeFi, yield farming, lending, (not borrowing). It's difficult to define what I've learnt, and maybe that's indicative in the opposite way than I'd like. You have to dip your toe in to check the temperature. I've known of Bitcoin since it was $1, and was very skeptical of it until I dipped my toe in. Both my feet are wet now though, right up to my knees. I believe cryptocurrency has a bright future. Bitcoin is the first, Ethereum added something amazing to bitcoin to become a platform for other ecosystems, and now there are smaller competitors that are going to be "the new Ethereum" by being faster and cheaper and more decentralised so the ecosystems can spread wider to cater to more people. There are a couple of cryptocurrencies that are hoping to be able to soon compete with the transaction speeds and volumes of Visa but with lower fees. But, admittedly, that kind of performance level is vaporware after 5 years, but work continues and "revelations" always seem to be round the corner: Cardano smart contracts go live this weekend (I think, unless it's the last testnet release). Ethereum 2.0 is scheduled for release in December (this will probably make people 'in the know' smirk - so let's say Q1 2022). Solana is gaining popularity and has the potential for the Visa stats right now, but it's just waiting for the volume to prove it. Polkadot has its parachain auctions coming up later this month (or next...).

mbesto 5y ago
> go live this weekend (I think > coming up later this month (or next...). > scheduled for release in December (this will probably make people 'in the know' smirk - so let's say Q1 2022). > couple of cryptocurrencies that are hoping to be able to soon compete Do you see why people roll their eyes when they hear "we're making progress" now?
- BLKNSLVR 5y ago
  Fuck yes, and I find it amusing. However: Ethereum's controversial "London" hard fork went live a couple of weeks ago. Kusama's parachain auctions have been live and ongoing for a while now. Bitcoin's Lightning network is powering El Salvador's transactions. PayPal allows cryptocurrency purchases. Square is doing whatever it did with crypto. Amazon and Walmart are hiring digital cash experts.