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Bitcoin-based online gambling

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Matty
I believe that. I just don't think that any of the current cryptos are going to be it. This wave of random coins seems like a big public alpha test.
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Partially agree although people have to understand that this is a new technology and as such progress will be slow for the next couple of years.

Remember back in the early days of the net when TCP/IP protocol of 56k was considered fast 😁
 
Matty
I believe that. I just don't think that any of the current cryptos are going to be it. This wave of random coins seems like a big public alpha test.
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Just briefly going back to this. The only project i see fitting your description presently is Cardano because

1. Unlike almost all other blockchain technologies the blockchain itself becomes more efficient the more people buyin meaning that it gets faster the bigger the network is, so a world of over 7 billion people could still use it without slowing the platform down

2. The platform works like bit torrents, if you keep the wallet open it mines itself by using your pc's connection to assist the network. Basically it collects interest if you have an internet connection

3. The team behind this platform is much more organized and professional than ethereum because it has a much longer term focus when compared to the other currencies, so its starting off behind in value but is structured much better for scaling which is needed for international digital currencies.

4. Since a digital currency is meant to be outside of state ownership, which is what gives national currencies their value, high achieving academics from the best universities are the closest thing to an authority.

5. It is also the only self-auditing/monitoring currency.

And yes, i do own cardano (as ive already stated on this board for the reasons above)...But yeah, if you want a current project that has scaled for the future then my pick would be this Matty...
 
So we've gone from irrational exuberance to now irrational fudding.

There's alot of solid news coming regarding the SEC later today and tbh I don't know how you guys are feeling about this but I'm bored of the FUD tbh as seen it play out too many times before...

Only positive I see from this is that it's shaken out the ppl who were only in this to make a quick buck for greed rather than what they thought was the best thing for the community...

Keen to hear what you guys think about all this FUD...
 
Taking all ego out of the equation, on the balance of probabilities am confident that we've seen the worst of the downside capitulations and even if we haven't then expect the lows to become less and less.

Not saying we are out of the woods by any mean. However, (and again on the balance of probabilities) can see btc going potentially 6x from here (depending on level of FUD news during this early phase of recovery)...

This is not financial advise...
 
xpansive
4. Since a digital currency is meant to be outside of state ownership, which is what gives national currencies their value, high achieving academics from the best universities are the closest thing to an authority.
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Academia is as corrupt as politics, these University labs are patent and licensing blood suckers, that is huge part of their biz model. Nothing developed there will ever be free.
 
xpansive
Only positive I see from this is that it's shaken out the ppl who were only in this to make a quick buck for greed rather than what they thought was the best thing for the community...

Keen to hear what you guys think about all this FUD...
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No such thing as good or bad money, good intentions bad intentions it doesn't matter. The more money in the system the more the system benefits is all we should care about. If it should be a macro society tool like you envision you can't ever police the intentions or the people's use of it, otherwise it's just another Paypal with different database technology. If it will revolutionize it has to be free, it can't be control or judge.
 
RogueJuror
No such thing as good or bad money, good intentions bad intentions it doesn't matter. The more money in the system the more the system benefits is all we should care about. If it should be a macro society tool like you envision you can't ever police the intentions or the people's use of it, otherwise it's just another Paypal with different database technology. If it will revolutionize it has to be free, it can't be control or judge.
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Good points though I'd argue that the late money during the irrational exuberance phase was pretty much all about getting in to make a quick buck.

Are those the kind of people we want in the community? I'd happily exercise a degree of delayed gratification to see this technology grown in a much more sustainable and organic fashion...

But yeah, your point about not policing it is something I definitely support. Is why although the SEC hearing today was cool it also says to me that government are trying to move in and regulate things. Something that I see can only be a negative longterm as it propagates the value proposition of the entire space to begin with...
 
RogueJuror
Academia is as corrupt as politics, these University labs are patent and licensing blood suckers, that is huge part of their biz model. Nothing developed there will ever be free.
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That's true, can't deny.

It's not perfect by any means though I'd counter that if the technology is run by dapps then who do these scientists and programmers answer to (besides the community?)...

Point is, from my belief and research there resides no other form of appeal to a higher form of authority...

Maybe I'm working here Roguey. Wouldn't be the hundredth time 😁
 
Bear run is over for bitcoin. On the balance of probabilities you'll still have the chance of seeing a slight correction at the 10k mark as it rests but after that am expecting the price to continue to increase. Predicting a price of US$29k by July 1, as they'll be too many sell orders at 30k for the price to reach that 👌🚀🚀
 
Firstly, hate saying this but the following is not financial advice and just an opinion...

With that being said reno, everything is lining up perfect for a solid run here. Bitcoin broke back through the 200 day moving average and overlapped the capitulative wedge. Also, if you look at the historical price of bitcoin you'll find a trend where what happens within the next 1-2 months is that bitcoin will begin to regain its market dominance over the alts. However, am forecasting bitcoins dominance over ethereum to come to a short term end around April (in terms of market capitalization). This will only be temporary though.

Good news if you're a litecoin holder with the upcoming fork. Personally (and as a litecoin holder) think it's overkill (as does Charlie Lee) but if you want to make money then now is a good time to buy litecoin as expecting the price to be around the 1k mark by July.

Seeing a bit of overexuberance with the bitcoin price right now. Hoping for some rest and then a pullback around the 10k mark...

And yes, time you went to the barbershop bro 😁
 
In effect it sounds like a get pay in crypto to help run a p2p Tor like hidden service

Cool but it sounds like a lot to develop for a startup

developing:
  • the crypto coin
  • the p2p browsing protocol
  • hidden services hosting protocol
each one of those is hard as hell, Tor has been going for almost 2 decades to reach where they are at and they have succeeded because a) they are open source and a non-profit, and b) they have Gov funding

These guys don't mention anywhere what type of org they will be running, if it's not free and they'll want to middle man their company in there, it most likely will fail

devs injecting themselves in the middle to capitalize is what will be the failure of most of these coins, that's why I believe Bitcoin will be king for a long time until a super crypto product will come along in 20, 30 years time that's going to be it, after new computing capabilities leap manyfold

remember xpy the revolution will not be monetize
 
RogueJuror
In effect it sounds like a get pay in crypto to help run a p2p Tor like hidden service

Cool but it sounds like a lot to develop for a startup

developing:
  • the crypto coin
  • the p2p browsing protocol
  • hidden services hosting protocol
each one of those is hard as hell, Tor has been going for almost 2 decades to reach where they are at and they have succeeded because a) they are open source and a non-profit, and b) they have Gov funding

These guys don't mention anywhere what type of org they will be running, if it's not free and they'll want to middle man their company in there, it most likely will fail

devs injecting themselves in the middle to capitalize is what will be the failure of most of these coins, that's why I believe Bitcoin will be king for a long time until a super crypto product will come along in 20, 30 years time that's going to be it, after new computing capabilities leap manyfold

remember xpy the revolution will not be monetize
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I agree that injecting devs into projects that will have societal implications is not a good idea roguey. There's something about this project though that tells me that the company as a whole has been patient and well thought out in its approach to what and how it's going to accomplish its goals.

From my understanding they are open source and it's a community of p2p nodes that will replace the government funding (though could have that incorrect as not as teched up as yourself mate)...

And yeah, you're right about bitcoin (and some other alt coins for that matter) but also believe that with the correct adoption that bitcoin it will be the killer app for the foreseeable future and beyond.

It's borderless, censorship resistant, produces a currency and payments that cannot be interfered with, that are open to anyone in the world, that no not require a background check, a credit check or ID check. That can be used on any phone and can send money almost instantaneously for very little to no fees.

Bitcoin is also immutable. It's the one that provides immutability on a planetary scale
that through mining provides a terrawatt hour power level of thermal dynamic guarantee immutability.

It's basically redefined what the word immutability means 😊
 
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