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So basically, what cryptocurrency, if any, do you think is going to actually get massively adopted and used as a real currency by the majority of people in the world?
BTC has the name but not the technology.
BCH is boasting better tech, but I don't really know if it can scale large enough.
Nano seems likely to me but is there already something better out there, or coming up?
Privacy may be in demand for some, but are governments going to actually allow that?
Or, will no crypto ever be the mainstream usage currency?
Full disclosure I don't own any or these, but have before.
Anyone use bithumb outside of korea? Bithumb is doing an event for global users, they're gifting 20,000 in Bithumb cash to users who accumlate trade volume over 20 million krw. I've been considering signing up for Bithumb after seeing all the events they've been doing. Could some non-korean bithumb user chip in?
I just scrolled through the "nerds brought you the internet, banks brought you the great depression post" (https://www.reddit.com/r/CryptoCurrency/comments/9q0rlj/would_you_trust_nerd_money/) and, to my horror, the top voted comment was a comment describing how banks have brought people out of "abject poverty" and "continue to improve the lives of countless people." lol. Rightfully astounded, I scrolled through the comment replies only to find that anyone who contradicted that pro-bank sentiment was downvoted. What??
is it bots? Or is that new "contrarian-contrarian" thing where people take the "non-rebellious" position again to be unique because too many people have taken the "banks suck" position and now the "banks suck" position no longer makes people feel special so they want to be different and say, "banks are great".
Because I may or may not be a lawyer who has dealt with banks in court but I can tell you one thing, they are evil. The best way to quickly exemplify this which I can think of off the top of my head is the foreclosure process from behind the curtain. Allow me to quickly describe it for you. (1) Banks look for a valuable house with lots of equity. (2) Banks look for an excuse to stop accepting payments on the house towards the end of the mortgage. One excuse which seems popular is finding people who forgot to pay a local/municipal tax bill even though that has nothing to do with the mortgage. (3) bank then stops accepting payments from the person because they didn't pay something completely unrelated to the mortgage and then forecloses on the house because "the people stopped paying". (4) bank resells house that they were already almost fully paid for once so that they can get paid twice.
And no, paying the municipal tax later does not cease the foreclosure process because the people "stopped paying" (ie the bank stopped accepting payments). The best outcome for these people is generally that, after they pay their municipal bill, they get to pay the bank the sum of the back payments along with ridiculous fees and interest with a "mortgage modification" in order to keep their house and they also don't get their attorney fees back. Banks have also lobbied so that foreclosures are always Judge trials - never jury trials. Because they know that if people witnessed this process for themselves they would tell the banks to take a hike.
This sub can't possibly like banks now right? I know that the new thing is the "contrarian-contrarian" and the "intelligently nuanced millenial" but Satoshi didn't create Bitcoin so that people could HODL it while preaching the benefits banks.
- Instead of having their own browser, they should just create an extension for any browser that does the same thing.
- Sell the Basic Attention Token on their website, or through the extension mentioned above via fiat or cryptocurrency.
- Allow people to turn-on and watch adverts to earn Basic Attention Tokens, just like Twitch does with their Bits currency.
Approximately 54k new bitcoin (worth 350m USD) are mined every thirty days. Do we have any reliable evidence of who's buying it all and hence maintaining its value? Or are the miners keeping it because they're betting on it being worth more in the future? Or will we never really know where it's ending up? Thanks
Edit: I feel like the big miners holding it doesn't make sense because they'll have to sell most of it to cover their costs. And, if they know that them holding it is the only thing keeping its value then it's too much of a risk to hold so much...?
Edit 2: I guess you only need the equivalent of a million people globally to turn $350 of their salary into BTC each month to explain things?
It seems that a new crisis is coming in the next years (some experts say late 2019, others 2020), following the one we had in 2008.
I've read multiple opinion on how it would affect the crypto market and it seems that there are two clear sides :
the ones who think everything will collapse (no matter what the nature of the market)
the other part who claims that crypto will rise and become the new global currency
In a (early) time where crypto currency is getting slowly adopted, even by government like the Venezuela (OK, it's a scam but nonetheless), I believe the question would make a great debate since it will be the first crisis for crypto.
I know nobody has the answer but I'm really curious what do you people think about it.
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