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Thread: Tangled Math Beats BitCoin

  1. #11
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    Focusing on price or on particular crypto currencies is myopic By that measure, IOTA is down even more in % in spite of it's advantages. I'm gradually investing into the most promising coins and tokens, focusing on those that offer solutions for scaling, smart contracts, privacy, messaging, and distributed exchanges. I'm less focused on how much money I may make or lose, and more focused on the long term technological revolution that we are in. Losing the tiny fraction of my money I'm putting into this doesn't bother me as much as not participating in the most important technological trend since the internet.

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  2. #12
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    I run experiments all the time, that's where the fun and challenges are.

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  3. #13
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    We fear what we do not know. It has always been like that and it will always be so.
    We should stop thinking about the Bitcoin as a currency that people can use to buy or sell things. Of course you can, but it would be a misuse.
    Bitcoin is more like gold, an asset to keep in the own portfolio to differentiate the investments. A risky one for sure, but with a huge revenue potential.
    There are plenty of other altcoins to be used if we are interested in the e-commerce, bank transactions or distributed communication.
    Ethereum can use smart contracts to generate secure and fast transactions without a third party involvement/interaction. To send and receive money across the world, the best option is most likely Ripple. For the internet of things there is IOTA. Bitcoin was simply the first. Saying that it is slow for transactions means we did not understand it. I do not buy a burger with gold. Technically speaking I'm not even using dollars to buy goods on Amazon, I do that with a credit card and the underneath circuit. The new circuit is the ledger and it is safer and cheaper (and it is going to be faster). You can send money in another continent in less than 5 minutes with Ripple (now it takes days and many dollars). Think about blockbuster and netflix. There is no such a thing like too big to fail. Banks in fact are already trying to invest in this new revolution. Bitcoin is not the One Ring, it has its own use cases. It will be soon obsolete in terms of blockchain technology, but it will always remain the crypto gold standard, so to me, it is not going to die (explode).

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  4. #14
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    Quote Originally Posted by astilo View Post
    We fear what we do not know. It has always been like that and it will always be so.
    We should stop thinking about the Bitcoin as a currency that people can use to buy or sell things. Of course you can, but it would be a misuse.
    Bitcoin is more like gold, an asset to keep in the own portfolio to differentiate the investments. A risky one for sure, but with a huge revenue potential.
    There are plenty of other altcoins to be used if we are interested in the e-commerce, bank transactions or distributed communication.
    Ethereum can use smart contracts to generate secure and fast transactions without a third party involvement/interaction. To send and receive money across the world, the best option is most likely Ripple. For the internet of things there is IOTA. Bitcoin was simply the first. Saying that it is slow for transactions means we did not understand it. I do not buy a burger with gold. Technically speaking I'm not even using dollars to buy goods on Amazon, I do that with a credit card and the underneath circuit. The new circuit is the ledger and it is safer and cheaper (and it is going to be faster). You can send money in another continent in less than 5 minutes with Ripple (now it takes days and many dollars). Think about blockbuster and netflix. There is no such a thing like too big to fail. Banks in fact are already trying to invest in this new revolution. Bitcoin is not the One Ring, it has its own use cases. It will be soon obsolete in terms of blockchain technology, but it will always remain the crypto gold standard, so to me, it is not going to die (explode).
    Look at Interactive Brokers, they can do everything crypto currencies can do with far faster speed and much more safety. You can trade around the world almost instantly with safety and confidence.

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  5. #15
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    Quote Originally Posted by Arthur Hanson View Post
    Look at Interactive Brokers, they can do everything crypto currencies can do with far faster speed and much more safety. You can trade around the world almost instantly with safety and confidence.
    Trading is just one aspect though. Have a look here: A Guide to Sending Money in the US | Ripple

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  6. #16
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    Semiwiki may be obsolete. Here is a story about a Norwegian entrepreneur that has developed a revolutionary semiconductor process (and I assume chip design) that will take over more than 50% of Bitcoin mining - bye bye security.

    Here is the link:

    Norwegian entreprenour plans to put chinese miners out of a job ! atleast some of them :P - BITCOIN - The Bitcoin Pub

    Story should probably be taken with a grain of salt.

    With 50% of the mining power they will be able to corrupt the chain. It seems to me that wasting so much energy on something that could be provided if people could work together and agree on legal rules is not a good idea.

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  7. #17
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    Quote Originally Posted by smeyer0028 View Post
    It seems to me that wasting so much energy on something that could be provided if people could work together and agree on legal rules is not a good idea.
    So you are dreaming that having agreement in legal rules between different jurisdictions within states and between states all over the world is the easy solution ?

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    Trust me ...
    I know what I am doing.

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