bitreality

7 ms·

91.
by bitreality 8y ago
Definitely, but this is a feature that a centralized authority like the fed would prefer to do without. Whatever technology is behind any sort of "FedCoin" would certainly not be blockchain. They will not relinquish control of t
92.
by bitreality 8y ago
It's not purely hypothetical. The foundation is there. It's been running for 9+ years. People have shown a willingness to assign real value to digital assets. What you're complaining about is the technology as it exists t
93.
by bitreality 8y ago
So you're saying that with all the investment into crypto-currency development, and a techonology that did not exist in any form 10 years ago, that it is impossible to scale? You are saying it is impossible to create an improved form o
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by bitreality 8y ago
It would be very difficult for a kid to rack up a huge bill on his parents credit card buying virtual items. The majority of websites which offer these items will have purchase limits in place. The limits will gradually increase over time
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by bitreality 8y ago
Fixed supply, instantly audit-able, open source, decentralized. In many ways, you know a lot more about what you're buying with Bitcoin than with equities.
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by bitreality 8y ago
Right. Your collection of infinitely reproducible picture files is comparable to the first truly decentralized value transfer and storage system. It's clear you have no intention of understanding what makes Bitcoin interesting or valu
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by bitreality 8y ago
Crypto is a legitimate investment. It's an entirely new asset class. If you think it's going away anytime soon you're delusional. 5 years ago you could buy 1 BTC for $100 USD. And at that point it wasn't even new. 1
98.
by bitreality 9y ago
I think right now the easy money is all in ICO's. Talented developers have much more incentive to just create a new coin than develop a dAPP on Ethereum. Eventually, this ICO craze should slow down, and it will make more financial se
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by bitreality 9y ago
Internet in Chiang Mai is solid. Very solid uptime, and really cheap 4G data as a fallback. http://www.ais.co.th/fibre/en/ You can see some of the services available there.
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by bitreality 9y ago
At the time Bitfinex was hacked, they automatically converted the "hacked" BTC balance to USD. It was around $650 I believe at the time of the hack. It would be unfair to measure the hack in today's BTC value because they c
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by bitreality 9y ago
Crypto simply levels the playing field for people in all types of economies. Many countries force you into using the national currency. Often they create artificial exchange rates which do not match up with market rates (Argentina, Venezu