eedc26 No.2139
Crypto thread? Personally I think crypto is the future. No more centralization, no more states fucking you in the ass.
I also don't want to become a wage slave so I hope to make it thanks to crypto. Life is too short to not do what you like.
What cryptocurrencies have you invested in anons? What are you bullish on?
It would be cool that we all make it.
Personally I am extremely bullish on Bitbay. I missed the Ethereum train but I think Bitbay will be the next moon mission in 2018. It is the sole working decentralized marketplace and trustless contracting platform while fixing many BTC flaws and planning to have a decentralized peg that brings price stability by preventing volatility, especially from whales shady manipulation. The price is still fucking low (23m market cap) so there is a lot of growth potential. For instance, to have a x2 ROIs with ETH, it would need 30 fucking billions of dollars, while with bitbay it would only need 23m. It is far more likely in the latter for this very reason.
Pics related why I am bullish on it. It has both mainstream and darknet potential.
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a8e7c5 No.2140
I'm reserved with regards to the crypto market since I do my investments in bitcoin; and price increases in fiat do not necessarily translate to price increases in BTC. I don't think there's any shortage of ambituous in-development crypto projects in this space either.
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eedc26 No.2142
>>2140
Crypto is the most lucrative market to invest in since a few years. You should definitely investigate the altcoins. Bitcoin is shit as technologically depreciated, altcoins are the future.
Good ROIs are coming. All you need is holding good projects.
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a8e7c5 No.2143
>>2142
I can see that the main idea around some altcoins is to prevent ASIC farming (something Bitcoin has already succumbed to). The market is currently chasing Bitcoin since the Bitcoin Gold fork (anti-ASIC algorithm) is coming up, and probably going to dump it like it has with Bitcoin Cash. It's around the season that Bitcoin is getting upgrades too.
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eedc26 No.2144
>>2143
Bitcoin is centralized at this point. It literally has mining mafias that control most of the hash power. Also it has slow af tx processing and plans to solve that with even more centralization. Without counting that Bitcoin has literally no innovations except being the first crypto money.
Let me warm you too that Ethereum is a ticking bomb. It uses PoW like Bitcoin so it has the same problems than it. It is also account bas. And, the worst of the worst is that it is fucking bloated to death.
Look: https://etherscan.io/chart/chaindatasizefull
Right now a full node is fucking 350gb and its growth rate keeps getting faster.
This will lead to two options: either it will crash at some point, or either it will get centralized. Also most of its token is vaporware that is not used.
More info here http://textuploader.com/dk7vz which compares Bitbay and Ethereum.
Overall, alts other than BTC and ETH simply have a better tech and more innovations. Even at basic things like the consensus algo like "PoW". There are tons of alternatives to that that are fare better, be PoS 3.0 (present in Bitbay) or more specific cases like Bizantin and Skycoin's Obelisk.
Crypto will literally never take off to the mainstream with shit non efficient tech, that's why the future is only in altcoin. You can see me shilling Bitbay because that's literally the coin that I like the best because it provides a lot of much needed innovations like peer to peer marketplaces, a rolling peg and a trustless contracting system + security, but it is not the only altcoin that is good and that bring good stuff. It is just the one I like the best, and that if I would invest only in one coin I would invest in Bitbay.
You should also checkout Blocknet. It is a decentralized exchange. It is must need to replace centralized exchanges that are shit. Good news too is that is has a partnership with Bitbay.
Also I really like Skycoin for its full rewrite in Go and its innovative consensus algo that permits very fast tx processing.
These are my three favorites.
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a8e7c5 No.2145
>>2144
>Bitcoin is centralized at this point. It literally has mining mafias that control most of the hash power. Also it has slow af tx processing and plans to solve that with even more centralization. Without counting that Bitcoin has literally no innovations except being the first crypto money.
>
>Let me warm you too that Ethereum is a ticking bomb. It uses PoW like Bitcoin so it has the same problems than it. It is also account bas. And, the worst of the worst is that it is fucking bloated to death.
Would you consider Bitcoin also a ticking bomb? At what timeframe would centralization negatively impact its value?
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eedc26 No.2146
>>2145
Bitcoin is as much of a ticking bomb than ETH but it does not allow other projects to host tokens on it that bloats the blockchain so regarding that it is better.
It is a ticking bomb too because it has literally 0 innovations compared to altcoins and because PoW is literally mathematically not viable long term wise and that's exactly why ETH plans to change to PoS but it's been years and it is still not done.
Although BTC can be around for pretty long, as long as it is used to buy altcoins because it was the first coin ever, but the more the crypto market grows, the more it will be difficult for BTC to stays on top because as the time passes the more it will centralize and the more the altcoin competition will get better. Also BTC have constant political gestions problems. You already had one fork with BTC cash, now a second is coming with BTC Gold, and the trend is that it will continue forking.
At some point, BTC will be either extremely slow or extremely centralized or both + countless forks, while other altcoins will be literally technologically perfected and superior in comparison, while also having a far lower marketcap, so far more attractive to new investors. For instance, right now BTC is 90 billions market cap. To have a mere x2 ROI, you would need another 90B. While for instance a cheap and good alt like Bitbay that is good, you only need 22millions. It is just more lucrative to invest in altcoins long term wise.
So all things considered, there are not reasons to buy Bitcoin.
The global crypto market is still pretty low, so I only expect Bitcoin to crash in 5 years. 5 years is a good time for altcoins to truly destroy Bitcoin for good. Bitcoins mafias, especially chinese ones, will fight to death to keep BTC on top. Also govs too because they like Bitcoin as it is deeply flawed so they can keep the crypto world done by pushing BTC.
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225d6a No.2147
>>2139
I can't believe people actually fell for the cryptocurrency meme.
Just think for a second and you can see how bad it actually is :
[1] Cryptocurrency is no different fiat money, since it has no intrinsic value and its value can be manipulated.
[2] Anyone can create their own cryptocurrency, which could cause the flood of countless cryptocurrencies.
[3] It's electronic nature means that it can't be used in emergency situations that involves blackouts, such as earthquakes, floods and hurricanes.
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eedc26 No.2148
>>2147
>Cryptocurrency is no different fiat money
hur dur centralization is the same than decentralization!
> it has no intrinsic value
>he doesn't understand it is the act of using it that as a mean of exchange of value and storage of value that is the intrinsic value
> its value can be manipulated
I can but there are ways to totally prevent that. You literally never heard about a peg lol? Centralized peg are already present but it is bad as it centralized. The future is in decentralized pegs.
>It's electronic nature means that it can't be used in emergency situations that involves blackouts, such as earthquakes, floods and hurricanes.
Yet many govs plan to become fully electronic and remove cash. It is already in action in some nothern european countries and in prevision by some other countries.
There are solutions to keep using the system even it blacks out. Also blacks out are rare and solidarity should be common in such situations. The "gotta always be productive" is a jewish meme.
I can't believe that you fell for the gov cuckery meme. Read more and get educated on crypto.
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225d6a No.2149
>>2148
>oh crypto has intrinsic value
>the act of using it that as a mean of exchange of value and storage of value that is the intrinsic value
If that makes crypto intrinsic then the same can be said for fiat money, retard.
The reason why both crypto and fiat don't have intrinsic value is because the value is not inside the money.
>I can't believe that you fell for the gov cuckery meme. Read more and get educated on crypto.
Read carefully, jackass.
I advocated neither fiat money nor cryptocurrency.
The best way is the good old ways, that is to return to the gold standard.
It's the only way to destroy the fraudulent fiat system, which is why IMF made trading using gold illegal.
Thankfully, Russia and China had taken a lot of initiatives to return the gold standard.
China, for example had made its Yuan redeemable in gold.
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eedc26 No.2150
>>2149
Using the gold standard is a waste of ressource. Letting rotting gold just for the sake of it instead of creating stuff with it is stupid.
Money is destined to be a consensus of value. Not value itself. The intrinsic value is the people devotion in this consensus. If you want, you can.
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ff29e1 No.2179
>>2144
>>2146
Regarding blockchain bloat, would you say it is okay if the coin in targeting enterprise usage? Like ripple or chain link.
Also what other factors do you consider when evaluating a shitcoin?
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7fbb36 No.2182
>>2179
Depends which bloat. There is the Tx/processing bloat (the amount of transaction per second, bitcoin takes TONS of time compared to VISA), and there is the database bloat (the size of a node, how much gb it has).
If the coin is targeting entreprise usage, then the database bloat can be resolved because they can have entreprise tier computers, but regarding the tx/processing it can be a problem because PoW will always be a problem no matter what. It needs to use better consensus algo like PoS. Also the software must optimized, a bit like skycoin.
>Also what other factors do you consider when evaluating a shitcoin?
Usually, as long it is not PoW based, does not have a huge node bloat, has a working released product, actually solves real world problems and does it better than its competitors, is fully decentralized, has not scammers as devs (like holding 75 of the supply), has its own blockchain (not a token sharing a main blockchain like ETH), has a good tech roadmap then it should not be a shitcoin.
Although there can be some soft centralization in the context of private blockchains, notably for enterprises, but decentralization remains golden.
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ffb446 No.2192
>>2149
>The best way is the good old ways, that is to return to the gold standard.
You dont seem to understand what the "gold standard" is.
"gold standard" isnt gold.
"gold standard" means money is created as debt with fiat interest on it.
Only the initial "loan" has to be backed by gold, the interest is created out of thin air.
Therefore "gold standard" is a system where you create unlimited debt. Just like the current system.
The only difference is that it crashes faster and harder because less new money is created.
And thats why gold standard libertarianism is controlled opposition.
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ffb446 No.2193
>>2149
>The reason why both crypto and fiat don't have intrinsic value is because the value is not inside the money.
Dont forget that "gold standard" money is still fiat money. You are trusting
someone to give you gold for that money.
And what intrinsic value has gold?
None to most people. I dont know how to use gold as an industry metal.
I cant eat it, i cant smoke it. Where is the intrinsic value?
The only reason why i would accept gold as money is that im pretty sure
other people will do so as well.
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d74fc8 No.2194
>>2192
THIS. Gold standard is shit. It is even worst than our current system because valuable gold is wasted to rot instead of getting used productively.
>>2193
THIS. In the end you are still cucked by states because you believe in the empty (false) promise that you can cash out gold at any time. And even if you can, like this anon said, there is literally no value to it except being shiny because 99% people don't know how to make use of gold nor has the tools to do that.
TL,DR gold standard is another jew trick. The only true intrinsic value is the trust of people to share value and store value using an artificial tool called a currency. Money will always be artificial, no need to find intrinsic value in it.
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a665f1 No.2212
What does /biz/ think of IOTA? Is it a scam or the future of crypto?
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6b866c No.2221
>>2212
Scam. If you look into IOTA especially their reclaim tool, you'll see that the situation surrounding that was the IOTA Foundation took custody of address balances if the address was re-used, missed the transition phases for either 2.4.0 or curl implementation.
If it was actually decentralized, they wouldn't have been able to take custody of funds to begin with.
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343928 No.2292
What digital wallet should I use for cyptos?
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6b866c No.2298
>>2292
I just go with the Electrum wallet or general thin client if there's any. Most coins don't have much choice with regards to wallets and only have their native wallet client. I typically don't have the bandwidth to spare running a full node.
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762094 No.2301
When will some other coin replace stupid BTC? I don't want to buy it now that I've already increase 1000 times in value, it's just dumb. I want to buy something else before it goes 1000 times up in value, you know? When will BTC die and be replaced by something better?
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e9ffd8 No.2302
>>2301
I don't see that happening until crypto use is already fairly mainstream or until crypto investors start to care far more about fundamentals than they currently do. Who knows how long that will take.
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6b866c No.2304
>>2301
When its mempool gets clogged up. BTC lost a huge amount of market dominance around that kind of time e.g Eth smart contracts and ICOs were hype while BTC scaling debate continued. That's when people will start caring about scaling and fundamentals.
The altcoins would also have to be accessible.
>news stories about people digging up their old hard drives for BTC
>buying pizza with 10k of bitcoin story
>altcoins tradeable on coinbase and atms instead of through Bitcoin
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6b866c No.2313
>>2146
>Bitcoin is as much of a ticking bomb than ETH but it does not allow other projects to host tokens on it that bloats the blockchain so regarding that it is better.
It's a ticking bomb, and it certainly would be going out with a bang. BTC's mempool is around the same levels as it was during BCH's attempt at flipping BTC (November 11th - 12th).
I don't think the bitcoin principles of decentralization and its allegedly centralized incarnation is going to cause a crash. There are many new investors in bitcoin and crypto who generally do not care so long as the price is rising i.e they're coming from centralized services and would not mind if the new ecosystem they're in is changed to what they were used to. As for general observation, there are also many who do not understand such principles and technology. For example, I recall seeing a random post on halfchan /biz/ saying that bitcoin core devs are robbing people with high transaction fees, when in reality it is miners that collect on transaction fees. And the exchanges where all the markets are hosted on, trades facilitated are traditional centralized websites.
The mempool the way it currently is. I can see that the network isn't keeping up with the trades that is occuring on exchanges. It's rising from here.
https://blockchain.info/charts/mempool-count?timespan=1week
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4acca8 No.2322
Has anybody taken an honest look at Adolfcoin? I'm a total crypto newfag. It looks good, seems like an honorable cause. It's not worth anything presently and easy to mine, with measure in place to prevent shitminers and crazy speculation.
>adolfcoin.camp
>http://www.adolfcoin.camp/strength-through-joy/the-fuhrers-keynote/index.html
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3527a6 No.2323
>>2322
I "meined" it in spring for fun - I stopped because network activity is too heavy on my bandwidth. Not too much else. I'm not sure if he sold merchandise for adolfcoin yet.
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3527a6 No.2327
Alts have the funny situation, especially of the past months, where:
>bitcoin falls in USD/T price
>people sell their altcoins for bitcoins in order to buy cheaper bitcoins
>bitcoin rises in USD/T price
>people sell their altcoins for bitcoins in order to catch the ride upwards
For both cases, it comes from price assessment from the fiat perspective. I think it would take traders to assess by satoshi instead of USD/T for this phenomenon to stop. The first is almost too ridiculous to be true because many alts have a BTC market only, so they've essentially sold for a loss in terms of BTC.
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c57432 No.2330
Chat & speculate with us in the dis cord channel @
<link removed>
Cryptos are still a good source of money, just don't invest blindly.
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be35aa No.2365
>>2192
>"gold standard" means money is created as debt with fiat interest on it.
no it doesn't
"dept" came after the fed
your "gold standard" is post 1920s
>>2193
>Dont forget that "gold standard" money is still fiat money.
no it's not
there is no trust - there is law
>>2193
>And what intrinsic value has gold?
you can't print it
just like buttcoin
except gold is simpler and does not require you to be a programmer to audit it or trust it blindly
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780768 No.2381
>>2139
Who warned you about bitbay when it was 0.02$ and now it is around 0.3$? Me. Gonna be good, it's only the beginning.
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2d88f0 No.2382
>>2381
Based french anon. I can finally afford a toilet now.
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e06c70 No.2623
Discords for all things crypto come join the always interesting and informative convos
XFvMmTe
ReWnjYm
YHReUgC
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8a761a No.3431
Buy Ripple, Vechain, Nano
Comfy.
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9e82dc No.3692
This thread is clearly outdated, but the discussion isn't bad at all compared to what the cryptocurrency thread was getting.
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