My VET bags have felt a lot lighter these last weeks. Good developments and price has followed that nicely.
We haven't even scratched the surface of what mass adoption of these technologies would look like.
Yes it's anecdotal, but late '17 / early '18 I recall overhearing multiple strangers, colleagues and tables next to me at restaurants discussing bitcoin and/or crypto. It seemed big enough.
And why would these institutions with all their sunk investment and power in these sectors move their work to a public ledger?
They can to settle transfers within their own organization, like JPMorgan is doing with US dollars only. They are trying to make their systems less clunky.Banks can also do that with their own Blockchain and do not need to use a public one.
R.. right?
Patent is still pending. Any moment...
FTFY
People been saying that for a decade, still waiting.
Was a little joke related to the constant "crashes", not to a dooming (final) end of crypto. TheLostBigBoss and a few others are in charge of that here. I'm rather optimistic :)
Ah you got me ;)Was a little joke related to the constant "crashes", not to a dooming (final) end of crypto. TheLostBigBoss and a few others are in charge of that here. I'm rather optimistic :)
Cryptos/blockchains that have real life uses, that tackle real life problems will do fine I think. It may take a little longer until the market gets some sense.
It's working on proof or work protocol (consumes too much energy, not environmentally friendly), and it doesn't scale up. Also there are few use cases for Bitcoin. It's unsustainable.
It's working on proof or work protocol (consumes too much energy, not environmentally friendly), and it doesn't scale up. Also there are few use cases for Bitcoin. It's unsustainable.
That makes sense. If something is to replace it, you think an acute problem would have to occur first to make that happen? Or it'll organically happen overtime through iteration. Or will it just become a store of value, such as gold, not used for daily transactions.
I don't know... I think no one really does. But I think it may do like the other time, shoot up, then network limits and issues will bring it back down. Better protocols are coming and honestly I don't believe it has a chance of supplanting current monetary systems like maximalists are saying. They will say the lightning network will solve all the problems, but I don't think it will solve all Bitcoins problems, and other, better coins will be able to use it anyway (if they ever get it to work and get around the regulations).
Bitcoin should fail only on it's terrible energy consumption.
How could something so volatile, that has no use case / mass adoption and not backed by major players could become a store of value?
I don't have time to read your article for now, but IMO the example your posted will be killed by regulations which are sure to come in the future.
Also other coins/systems will transfer money much more efficiently than bitcoin in the future.
XRP has long been critiqued as simply a fundraising mechanism for Ripple, and the latest news regarding the company's potential IPO has led some analysts and investors to note that the company may not need to build utility around XRP after they list on the public markets.
Cantering Clark, a popular cryptocurrency analyst on Twitter, called Garlinghouse's recent comments the "ultimate fade" on investors in the embattled token. He facetiously noted:
"[Brad Garlinghouse] just pulled the ultimate fade on $XRP holders… Oh, uh guys, yeah we are actually going to IPO now, and offer shares that carry equity..so,…uh….about those coins. (Obsolete)"
I'm excited to see the tech that eventually comes out regarding security/ID processes, health industry efficiency, weapons/drug tracking, social networking and fraud + voter ID fraud prevention.
So, Ripple doing an IPO in one year, is floating around. If it's successful and they burn a lot of their XRP stock like Stellar Lumens, people will get hyped to no end.
Or it could go the complete other way: