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You know, as crazy as this sounds, I do believe eventually, some iteration of cryptocurrency will succeed in a massive way. They keep stress-testing different
by DantesKite 5y ago
You know, as crazy as this sounds, I do believe eventually, some iteration of cryptocurrency will succeed in a massive way.
They keep stress-testing different systems to see what's possible.
Most of them are terrible ideas, but it only takes one to succeed.
- okareaman 5y agoThat's not crazy at all. Persistence is big ingredient of "Think And Grow Rich" by Napoleon Hill
- arcticbull 5y agoOk, but that doesn't mean it'll be good.
- RC_ITR 5y agoSure, but the counterpoint is, some things (like VR) only get so much runway before people just write them off. Then 6 years later Coinbase changes its name to DAO-verse or something.
- erikpukinskis 5y agoWhat big technological shift wasn’t written off before it worked? Computer, e-commerce, electric vehicles, all of these things have been written off. So? You can’t expect people to be able to see the future. They have to make decisions for the present. Those decisions don’t damn a technology though. Crypto has plenty of attention-over-time to mature and that’s all it needs. If it’s ever mature and everyone is writing it off and all the early adopters are leaving, that’d be a problem.
- RC_ITR 5y agoAt what point were Intel/IBM/Amazon/Toyota (Remember the Prius?) ever written off?
- Barrin92 5y agothis sounds to me like the same logic cults run on. If the world doesn't end with the Maya calendar, that's only stronger reason to believe it'll end the next year. I'm honestly not sure if the fact that every week there's some other harebrained MLM type crypto scheme going up in flames is somehow suggesting that there's some massive success around the corner
- colechristensen 5y agoMeh, if it does it’ll be really boring like Goldman Sachs developing a blockchain to handle institution level transactions on a distributed ledger. The whole thing with cryptocurrencies is just people excited about money laundering rebranded as something cool. Take that away (as no serious national government would allow such a thing) and what you have is more or less indistinguishable from Visa.
- mrep 5y agoA visa/mastercard that is 2,220 times less efficient: https://news.ycombinator.com/item?id=29079867 https://news.ycombinator.com/item?id=29079867
- yellow_postit 5y agothey seem to just keep rediscovering why current systems exist burning massive amounts of power and money along the way. I do hope something comes of it but so far it seems to be finding nearly all the local minimas.
- chx 5y agoPlease read The Handwavy Technobabble Nothingburger https://www.stephendiehl.com/blog/nothing-burger.html https://www.stephendiehl.com/blog/nothing-burger.html and tell me where is he wrong because obviously (?) if he is right then any "massive" success is impossible.
- rchaud 5y agoYou can always make money selling the dream of impossible fortunes. Think dropshopping, work from home schemes, penny stock trading and the like.
- cblconfederate 5y agoIt will be most likely newly formed companies and not existing ones, because that way the participants will understand the risk and the lack of safety net. And frankly, why invest in NBA when you can invest in biotechnology