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Posted on 2/10/21 at 11:54 am to lsu777
I’d also add there is plenty of high level material outlining the basic tenets of cryptographic hash functions and how they work to ensure blockchain security and enable mining through proof of work, for anyone that is interested. Like you said, it’s open for anyone to read.
But you don’t even need this knowledge to understand the value of cryptocurrency, and if a detailed knowledge about every intricacy of an investment vehicle was needed for people to accept it most people would not be participating in their 401(k)
But you don’t even need this knowledge to understand the value of cryptocurrency, and if a detailed knowledge about every intricacy of an investment vehicle was needed for people to accept it most people would not be participating in their 401(k)
Posted on 2/10/21 at 11:54 am to lsu777
There was no question anywhere in what you quoted. 
As for the point of any previous questions some were answered but most were rhetorical.
Do you have question?
As for the point of any previous questions some were answered but most were rhetorical.
Do you have question?
Posted on 2/10/21 at 12:15 pm to Douglas Quaid
quote:
As for the point of any previous questions some were answered but most were rhetorical.
Do you have question?
do you plan to invest in crypto?
if not go away as you sound just like the idiots from 2014-2017 that screamed about how baseball cards were a better investment. Same guys screaming after the 2017 crash that were on here laughing at people.
if you do plan to, what do you want to know?
Posted on 2/10/21 at 12:23 pm to Ross
quote:
I’d also add there is plenty of high level material outlining the basic tenets of cryptographic hash functions and how they work to ensure blockchain security and enable mining through proof of work, for anyone that is interested. Like you said, it’s open for anyone to read.
But you don’t even need this knowledge to understand the value of cryptocurrency, and if a detailed knowledge about every intricacy of an investment vehicle was needed for people to accept it most people would not be participating in their 401(k)
exactly, I dont need to be able to write code for any of the block chains to understand the value of a currency in BTC that is not controlled by any government and has a finite supply so it can not be regulated.
I do not need to understand very much to see the value in smart contracts and block chain tech and its ability to handle finance in the future. I do not need to be very smart to understand how defi helps the average person by not allowing the Elites or governments to manipulate markets in their favor. I mean it doesnt take a very smart person to understand the vlaue of lending pools and how normal people pooling money together and lending it out for interest is a good thing, although I am not sure the government wont consider it loan sharking in the future.
I do not have to be a very bright to understand the value blockchain tech brings to a ton of different industries, not just finanace.
and if I am half way intellegent all kinds of high level reading is out there for free to read. All the white papers etc.
Its very easy to see what blockchain tech can do for things like logistics. Its very easy to understand the value in decentralization and anonymity going forward.
Its funny because of the great country we live in, people in the US many times look at anonymity as a bad thing and only criminals would need that. People in communist countries look at it as a god send even though their governement is still spouting the same non sense about only criminals needing that.
Posted on 2/10/21 at 12:30 pm to lsu777
quote:
do you plan to invest in crypto?
I have enough.
I've been following since early 2017 and it looks to me as though not much has changed since then besides the marketcap of a few projects such as BTC, ETH and LINK.
Scalability still seems to be the elephant in the room that nobody talks about. Many projects hinge on Ethereum which still doesn't have a legit path to scalability. They are going to switch consensus to POS which some would argue goes against the original intent of crypto.
Bitcoin seems to have successfully completed the pivot from digital cash to digital gold. US equity buy in a very promising development if anything for the reputation of crypto in the minds of the masses.
There are new shitcoins being pumped by the same idiots parroting what they read on reddit and discord all pretending to know what they are talking about. When the market booms everybody thinks they are a genius. When it crashes they all slither away.
Posted on 2/10/21 at 1:08 pm to Douglas Quaid
quote:
I've been following since early 2017 and it looks to me as though not much has changed since then besides the marketcap of a few projects such as BTC, ETH and LINK.
i wouldnt say that. Big big differences in this market vs 2017. This one is being driven by inflation and huge amounts of money coming in from wall street firms and traditional companies. This run is being driven less by the normal individual trader and more so by institutional money hedging against inflation.
quote:2.0 is a legit path to scalability, it being seemless enough to keep developers from jumping to other chains that offer more interoperability and scalability is another question. That is where ADA/DOT/COSMOS/AVEX come in as a hedge. Even if 2.0 pops off those chains have their own unique uses going forward.
Scalability still seems to be the elephant in the room that nobody talks about. Many projects hinge on Ethereum which still doesn't have a legit path to scalability.
quote:
They are going to switch consensus to POS which some would argue goes against the original intent of crypto.
you mean it goes against the original intent of BTC. and yes it can cause issues if its like ETH which requires 32 tokens, its much less an issue on the other chains i mentioned.
quote:
Bitcoin seems to have successfully completed the pivot from digital cash to digital gold.
as it should have been marketed as in the beginning. POW doesnt work for a digital cash.
quote:
There are new shitcoins being pumped by the same idiots parroting what they read on reddit and discord all pretending to know what they are talking about
i hope you arent speaking of me as I have never pumped a shite coin other than posted a graph analysis showing where one can make a quick 20% or so just based off the setup of the graph.
Unless you consider anything outside of BTC, ETH or link shite coins. If that is the case....only thing i will say is, at one time sears was considered the top dog and wal mart was considered a local shite store. How did that work out.
quote:
When the market booms everybody thinks they are a genius. When it crashes they all slither away.
anyone that doesnt understand this a boom market and it will not last even prolly to the end of the year is an idiot and deserves any losses they may incur.
Like wise anyone that isnt taking advantage of this bull market and the alt season to make more money is just a big of a dumbass and they deserve to have just as much remorse for not taking advantage.
but why dont you tell us what a shite coin is please.
Posted on 2/10/21 at 1:48 pm to lsu777
Have any of you tried Pi network? It’s a free app that mines a fairly new cryptocurrency called Pi. It’s easy to mine straight from your phone. I think it just hit a few crypto exchanges at 0.0135. Anyway it’s a free investment. If you sign up use my handle DTJ1983 and we’ll both get free Pi (You have to have a members name to sign up anyway)
Posted on 2/10/21 at 2:03 pm to Hater Bait
quote:
Pi network
I’ve got 5000 of them.
jws222
Posted on 2/10/21 at 2:15 pm to Tiger_Eye
quote:Dollar cost average a little each week. It could dip tomorrow or it could run up to $60k then "dip" to a level higher than we are at today.
New to stocks and was wondering if now is a good time to invest in Bitcoin or should I wait for a nice dip? Long-term investment
Posted on 2/10/21 at 2:56 pm to Tiger_Eye
quote:
wait for a nice dip
I tried to do that with ethereum and lost out on a 30% gain.
Just start putting some money in.
Posted on 2/10/21 at 3:51 pm to Hater Bait
your phone doesn't mine.
Posted on 2/10/21 at 4:19 pm to lsu777
Not going to dissect all of that. Though I am curious why you say that Bitcoin should have been marketed as digital gold in the beginning? The white paper is titled "Bitcoin: A Peer-to-Peer Electronic Cash System".
I believe the line b/w shitcoin and legit project is a very blurry one in cryptosphere and perspective means a lot. I'm always trying to look at it from a long term game theory type of perspective. It is interesting to see the compromises to the scalability trilemma (security, decentralization, scalability) that different projects take to meet different objectives. I guess the trilemma is in fact why there are so many different coins. Will be interesting to see how it plays out. I'm in the camp that there will be only a handful standing at the end. Probably only 1 or 2. I think a "platform project" will rule them all in the end. It will have to be secure, scalable and decentralized.
Oh, and my shitcoin of choice is IOTA. Though I do have BTC and ETH as well. I just can't bring myself to buy any of the thousand different flavored (shite)coins out there. I certainly don't look down on those that do though. Lots of money to be made out there.
I believe the line b/w shitcoin and legit project is a very blurry one in cryptosphere and perspective means a lot. I'm always trying to look at it from a long term game theory type of perspective. It is interesting to see the compromises to the scalability trilemma (security, decentralization, scalability) that different projects take to meet different objectives. I guess the trilemma is in fact why there are so many different coins. Will be interesting to see how it plays out. I'm in the camp that there will be only a handful standing at the end. Probably only 1 or 2. I think a "platform project" will rule them all in the end. It will have to be secure, scalable and decentralized.
Oh, and my shitcoin of choice is IOTA. Though I do have BTC and ETH as well. I just can't bring myself to buy any of the thousand different flavored (shite)coins out there. I certainly don't look down on those that do though. Lots of money to be made out there.
Posted on 2/10/21 at 5:39 pm to Douglas Quaid
GRT is on a run, $1.26 and climbing
Posted on 2/10/21 at 5:46 pm to Vols&Shaft83
Feeling LINK hits 30 tonight when the Asians get stirring
Or it doesn’t
Or it doesn’t
Posted on 2/10/21 at 7:00 pm to Ron Cheramie
It will drop some more
Posted on 2/10/21 at 8:58 pm to lsu777
quote:
Sure Cardano has a ton of catch up to do just in the number of applications using the chain.
Cardano is way overvalued at this price. Luna and Solana are better eth killer plays at their valuations IMO. BNB too
Posted on 2/10/21 at 9:43 pm to DallasTiger11
Overvalued at less than a dollar? Come on man. If anything is Overvalued it's eth.
Posted on 2/10/21 at 10:11 pm to lsu777
quote:
less than a dollar?
Meaningless. It’s about market cap.
You think the chain that has 99% of smart contract activity is overvalued but the one that doesn’t even have smart contracts live isn’t? Lmao
Posted on 2/10/21 at 10:41 pm to lsu777
Ada and eth is undervalued and will continue to climb in the following months until the inevitable market crash and bear market later this year. Like september
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