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There are ~18000 cryptos, and out of all those, maybe two worth owning. Do I need to go open short positions on 17998 assets before I can tell people "don't buy
by ntoskrnl 4y ago
There are ~18000 cryptos, and out of all those, maybe two worth owning. Do I need to go open short positions on 17998 assets before I can tell people "don't buy shitcoins"?
- sbf501 4y agoThe type of crypto the world ends up with will absolutely not be BTC or ETH. It will be closer to Zcash with zero-knowledge proofs, and will like only be used for things like international exchanges, escrow, new types of trusts (contracts are quite brilliant), or transfers between banks. People will use it the same way the used to use Moneygram, or the way they pay a thousand dollars for an escrow agent. I also believe every bank and country and possibly corporations will have their own blockchains. I have a strong gut feeling I'll never be buying a sandwich with crypto in my lifetime.
- randomhodler84 4y agoWait until the point of sale terminals support Lightning. It’s coming. International trade requires transparency in a zero trust environment. I do like privacy tech and coins but no, I think we are far off acceptance. The risk of zk schemes is way too great for anything beyond science right now.