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Started By
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re: Official CryptoTalk Thread
Posted on 9/12/21 at 5:21 pm to Douglas Quaid
Posted on 9/12/21 at 5:21 pm to Douglas Quaid
Is crypto a zero sum game?
3
Posted on 9/12/21 at 6:30 pm to 21JumpStreet
And what would be the crypto market cap of all coins at which it's a
"zero sum game"?
"zero sum game"?
Posted on 9/12/21 at 6:57 pm to 21JumpStreet
I'm not sure I follow.
You're saying crypto, overall, isn't moving. As in if some coins pop, some fall equally.
Or am I misunderstanding your statement?
You're saying crypto, overall, isn't moving. As in if some coins pop, some fall equally.
Or am I misunderstanding your statement?
Posted on 9/12/21 at 7:16 pm to 21JumpStreet
quote:
Is crypto a zero sum game?
not even remotely
several of these projects serve drastically different purposes and have drastically different tokenomics. Even projects that serve the same purpose like the big DeFi plays could reasonably coexist.
This post was edited on 9/13/21 at 9:33 am
Posted on 9/12/21 at 7:37 pm to castorinho
It seems like once they determine the superior blockchain all dapps will be running on that. I guess it would be bitcoin, the superior blockchain, and then dapps that matter?
Or just bitcoin, bitcoin scaling solution, and the dapps...?
Or just bitcoin, bitcoin scaling solution, and the dapps...?
This post was edited on 9/12/21 at 7:41 pm
Posted on 9/12/21 at 7:44 pm to 21JumpStreet
Definitely not zero-sum. Different chains serve different purposes and/or suit some industries better than others. There will be room for many winners.
Long-term, I don't think Bitcoin will be the #1 cryptocurrency.
Long-term, I don't think Bitcoin will be the #1 cryptocurrency.
This post was edited on 9/12/21 at 7:45 pm
Posted on 9/12/21 at 7:56 pm to Hulkklogan
What different chains serve differently?
The big boys are trying to scale, have smart contracts have nfts...
Dapps are different i guess. If you find one of those that serve a good industry and they can chain hop i guess that would be a good one?
The big boys are trying to scale, have smart contracts have nfts...
Dapps are different i guess. If you find one of those that serve a good industry and they can chain hop i guess that would be a good one?
Posted on 9/12/21 at 8:04 pm to Hulkklogan
Btw anyone that got the good bridge token, it auto compounds in your wallet.
Posted on 9/12/21 at 8:14 pm to trux83LSU
Solana must be exhausted from running so much the last few weeks.
Posted on 9/12/21 at 9:16 pm to 21JumpStreet
quote:
Is crypto a zero sum game?
I don't think "zero sum" adequately explains it, but I believe the trend will be something similar to that in effect.
The sum total market cap of the crypto market will continue to increase. $1T -> $2T -> $3T -> many many T's. The question for an investor is of course how this pie gets sliced up going forward.
There are already thousands of projects out there with little to no technical distinction separating them besides name and marketing.
Eventually the market should converge upon a handful of protocols which most all will agree are clearly and provably technically superior in terms of scalability, security, decentralization and user friendliness. The platforms should gobble up a lot of the pie. I think what causes the trend towards convergence is user desire for ease and interoperability.
To me it still feels like crypto is waiting for a true killer app to bring in "the masses". It's not there yet.
Posted on 9/12/21 at 9:24 pm to 21JumpStreet
Some chains are optimized for different use cases. VeChain's design is strong for things like supply chains. Telcoin has its own chain, Rivendell, that is optimized for remittance/money transfers and validated by MVNOs.
If you are asking which smart contract-focused chain will win out, I still don't think it's zero-sum. Chains like Ethereum, Cardano, and whoever else gets that big will all interop with each other. People and companies will have a preferred chain depending on what develops on the ecosystems and how the blockchains themselves operate.
Yes, that.
If you are asking which smart contract-focused chain will win out, I still don't think it's zero-sum. Chains like Ethereum, Cardano, and whoever else gets that big will all interop with each other. People and companies will have a preferred chain depending on what develops on the ecosystems and how the blockchains themselves operate.
quote:
Douglas Quaid
Yes, that.
This post was edited on 9/12/21 at 9:26 pm
Posted on 9/12/21 at 9:27 pm to trux83LSU
quote:
Btw anyone that got the good bridge token, it auto compounds in your wallet.
Wish I would've used the bridge instead of ElkDex now... big sad. Slippage on a low-volume dex cost me almost as much as ethereum gas fees anyway.
Posted on 9/12/21 at 9:28 pm to TheDuke5524
Throw those gains at HEX. You’ll thank me later.
Posted on 9/12/21 at 9:56 pm to Hulkklogan
quote:Disagree
There will be room for many winners.
quote:Depends on what long term is to you but within the next 10 years, hard disagree.
Long-term, I don't think Bitcoin will be the #1 cryptocurrency.
Posted on 9/12/21 at 10:32 pm to TigerTatorTots
quote:
Depends on what long term is to you but within the next 10 years, hard disagree.
When I say that, 10 years would be the earliest, barring a collapse of the network after block rewards cease and miners only get transaction fees.
Network effect and name recognition go a long, long way to keep Bitcoin on top, but Bitcoin will eventually be passed up by something else.
Posted on 9/12/21 at 10:36 pm to Hulkklogan
I bet it happens much sooner than 10 years.
Posted on 9/12/21 at 11:41 pm to METAL
quote:2 years. Maybe less.
I bet it happens much sooner than 10 years.
Posted on 9/13/21 at 6:35 am to METAL
Would any of those still downvoting HEX care to make a wager?
Posted on 9/13/21 at 7:10 am to Hulkklogan
quote:
Network effect and name recognition go a long, long way to keep Bitcoin on top, but Bitcoin will eventually be passed up by something else.
Agree. Also, BTC still has the perception of being the most secure dlt. That is obviously very important but it remains to be seen if more efficient PoS and hybrid systems can offer similar security. I tend to believe that they can. When the market believes it the flippening should occur.
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