Crypto and the elephant in the room

The prospect of adoption is paradoxical. The constantly fluctuation due to speculation drives away large scale adoption by regular businesses, but it is the prospect of broad adoption that drives those very bubbles. It's going to be a long while before the market stabilizes, the time occupied by scandals, heists, and boom and bust.

>reasonable questions
>discourse

I like this thread, but it'll fall on deaf ears.

inb4 the mongoloids
>fuk u butthurd nocoinar!!!!!!!!!tothemoon!!!!!!!!!!
>ROO THERE IS LITARALLY NO POSSIBILITY OF ME NOT BUYING . A LAMBO WITH THE 6.4 ETHER I BOUGHT FROM STEALING MY PARENTS CHANGE JAR

Anonymity is a red herring - The ETF applications are attempts at BTC legitimacy.

A global decentralised digital currency is logical in today's world

Globalisation is being pushed by all mainstream goverments and businesses. BTC and other digital currencies are the logical conclusion for a unified global currency.

>>1876130

So far my personal favorite is bringing capital gains into the conversation and the inevitable "I left humanity and fiat behind so I owe nobody nothin'"

>>1876151

I hear you, I think that a global currency is coming. However I don't believe it will be an instrument built by the crypto community.

I like to look at what has been happening as a petri-dish where governments are keeping close watch with the intent of launching a controlled and governed interpretation of digital commerce.

I do not see them giving up so much power to independent and questionable entities.

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>>1876112

>Most of all the pure toxicity of the community
>every normie I have had personal discourse with

you are a fucking normie, get out.

>>1876175

The fuck? I remember early LoL and it was fucking toxic. There was nothing worse than a shitty team of mad people who couldn't fucking play together because they were too busy either raging or trolling.

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>>1876175

t.triggered bag holder

>>1876184
no idea what lol is but trolling people online is funny and the passtime of intellectuals.

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>>1876112
Andreas is behind Ethereum too so it's unlikely it's meant to be used for centralization by these pictured companies and banks that simply wish to implement it within their own businesses cuz they'll save billions in transaction costs alone.

nice thread nocoiners. but you can't stop ethereum from constantly going up in value.

my portfolio increased by over $4800 dollars over the weekend. that's cold hard cash which says you're fucking wrong.

>>1876213

I can understand the ETH approach and im far from cheer leading for it as i'm not a holder but I see that as the future at least.

If crypto want's to be utilized it will have to come under regulation and ditch the black market aspects.

>>1876224

The only reason ETH is doing that is because the market is totally unregulated and is at the mercy of pump/dump practices that would put people in jail on the stock market.

I like ETH for the sake that it's going to be part of forcing regulation on crypto and annihilating most of it.

>>1876224
>$4800 dollars
Neat

STEEM or ZEC?

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>>1876112
There's a place in the world for the currently existing cryptocurrency forms but as you said it certainly isn't in the mainstream. There are attempts such as Ethereum and Waves to break into wider markets and be a legitimate economic cornerstone, but what's more likely to happen is that goverments will simply copy any successful crypto practices rather than the cryptocurrency itself. Blockchain technology in and of itself is quite innovative and useful regardless of whether or not it's tied to a currency. That said, the cryptocurrencies that are not trying to become a part of a larger institution do not NEED to become a part of a larger institution. Indeed they must resist such a merger as it would invalidate their actual use in illicit markets. Their value comes from the demand for a proper medium of exhange on black, grey, and red markets so they have nothing to gain from trying to seek legitimacy. As for your comment about the government's ability to get around encryption measures; governments are not magic. They may find a vulnerability in the software but that same vulnerability can be patched. That dance continues on for time immemorial. And finally the main thing that you seem to be missing about the crypto phenomenon is that regardless of whether or not the rise in asset prices is a bubble, there is real potential for profit to those prudent enough to get in and out without letting their greed get the better of them, and if for nothing else is valuable to thr individual for that alone. Bitcoin is not a ponzi scheme simply because it doesn't follow the model and definition of a ponzi scheme. It may be some other type of scheme but ponzi it is not. In short there are many blind fools chasing after the spectre of greed but that doesn't invalidate the value of their chosen pursuit. It's just as foolish to write off the worth of a pursuit due to its popularity as it is to find value only in the popularity.

I'm planning to do an agent based modeling project to prove that these currencies will tend to zero. There are no monetary tools to adjust for inflation or deflation. There is extreme speculative demand that leads to hoarding. Infinite printing. No way these stabilize to a reasonable price.

Also, the cell towers in my area are banned for cp. I fucking hate people.