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Why do cryptomos think BANKS will ever use these public coins?
| vigorous really tough guy national security agency | 01/23/18 |
| Supple volcanic crater | 01/23/18 |
| vigorous really tough guy national security agency | 01/23/18 |
| Glassy brethren | 01/24/18 |
| Diverse cocky plaza | 01/24/18 |
| Jet lay mother | 01/24/18 |
| Marvelous locale reading party | 01/24/18 |
| Jet lay mother | 01/24/18 |
Poast new message in this thread
Date: January 23rd, 2018 11:21 PM Author: vigorous really tough guy national security agency JP Morgan, Goldman, all of the stock exchanges have already invested in start-ups that are building their own private blockchain free from the hoi polloi. Why would they use Ripple or something else?
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Date: January 23rd, 2018 11:33 PM Author: Supple volcanic crater They won't. I believe you posted on this the other night, and I think you are right to focus on it. Crypto will never be a "currency," as least in its current form. I feel strongly about that.
I see crypto taking on a much smaller role than some people are imagining. Basically as a back end infrastructure, through many different decentralized networks that aren't connected.
These coins change in value every minute, sometimes wildly. No bank is ever going to rely on that. |
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Date: January 23rd, 2018 11:37 PM Author: vigorous really tough guy national security agency It's too bad, because it would have been nice to let the average joe investor in on the ground floor of this game-changing technology, but it seems not to be (unless he/she gets out in time).
Agreed on the ultimate use case, but its value as far as data generation and verification and cost elimination (including jobs!) will be treee-mendous. |
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Date: January 24th, 2018 12:56 AM Author: Glassy brethren I think we're still ~5 years out from still knowing WTF to really do with this stuff. Once the 3rd gen (sharded) networks come online I think you'll start seeing some much kookier use cases, beyond cryptokitties, "a token that stores [insert information here--attention, uptime, reputation for tasks completed, etc.] about you and is also currency", and "paypal but crypto". I think it will take quite a while for these to mature though--developing a highly performant, *secure* massively distributed system is one of the most daunting things you can do in all of computer science. Plus at some point when the first truly mainstream tech comes out on 3rd gen blockchains there will likely be some major hack as a big setback.
That said, it's clear they have one iron clad use case: a bank-free store of value which is easily moved around. Given this, I think at least one guaranteed success is some form of privacycoin; remember that the original BTC frenzy was set off because people *actually started using it* to buy stuff off Silk Road. |
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Date: January 24th, 2018 2:01 AM Author: Diverse cocky plaza good analysis but BTC would be worth 500 if its usage as a privacy coin was driving its valuation. its pricing is entirely because crypto became more mainstream in 2017 and BTC/ETH turned into alternative speculative investment
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Date: January 24th, 2018 2:39 AM Author: Jet lay mother cr (http://www.autoadmit.com/thread.php?thread_id=3869111&forum_id=7#35224009) |
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Date: January 24th, 2018 5:25 AM Author: Marvelous locale reading party (http://www.autoadmit.com/thread.php?thread_id=3869111&forum_id=7#35224290) |
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Date: January 24th, 2018 2:37 AM Author: Jet lay mother people will stop using banks because all banks like to do is fuck you by being money grubbing middlemen. public blockchains will win out. (http://www.autoadmit.com/thread.php?thread_id=3869111&forum_id=7#35224004) |