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buckeye_vol
Ohio State Fan
Member since Jul 2014
32215 posts

re: Official CryptoTalk Thread
quote:

BREAKING: Chinese President Xi Jinping just publicly supported China going all-in on blockchain technology across their economy.
The largest “centralized” government in history going all-in on a technology who has a primary property of decentralization, doesn’t really make a lot of sense.
quote:

This will be the space race of our generation.
Not that it doesn’t have its place or its importance, but this seems a bit (of very) hyperbolic. In fact, things that usually end up being that important, rarely, if ever need to be touted as such for years and years by a relatively small group of people, most of whom aren’t actually involved in the thing itself.

In fact, when I was trying and failing to understand its hoopla a couple years back, I discovered that there are many within the tech background to understand its technological uses, that failed to see it as well.
I was more surprised to learn that many of the things that people cite as why its so important and useful are handled (and babe been for a while) by other technologies, and sometimes handled more efficiently and effectively.


CE Tiger
Chicago Cubs Fan
Metairie
Member since Jan 2008
38533 posts

re: Official CryptoTalk Thread
sup bro . you get you some Linkies yet??


DreauxB2015
LSU Fan
Louisiana
Member since Nov 2015
4296 posts

re: Official CryptoTalk Thread
Holy shite balls Batman ! Wtf is going on today ?
This post was edited on 10/25 at 9:37 pm


CE Tiger
Chicago Cubs Fan
Metairie
Member since Jan 2008
38533 posts

re: Official CryptoTalk Thread
i lost lots of sat value to my
portfolio is what happened lol


buckeye_vol
Ohio State Fan
Member since Jul 2014
32215 posts

re: Official CryptoTalk Thread
quote:

sup bro . you get you some Linkies yet??
Nope. I think you could very well make a lot on your investment given the nature of the crypto market (like the 2017 craze).

I think it’s unlikely to revolutionize anything and even less likely that it’s going to have mass adoption.

In other words, I think anyone of these scenarios is more than both of those happening:

1. The idea itself doesn’t revolutionize anything and the technology never really gets finished (least likely of these).
2. Some else gets the technology completed first.
3. They get the technology competed first, but someone who finished later ends up being adopted by the masses.
4. They get the technology completed first (or even the only one to do it), and it never gets adopted by the masses.

Here is the gist of my view:

1. Of all the ideas that have been attempted to be turned into something useful, fewer end up being food ideas.
2. Of those that are good, even fewer end up competed and realized.
3. Of those that are good and realized, fewer have the potential to actually make much off of it.
4. Of those that are good, realized, and have money-making potential, fewer make money.
5. And finally, of those that are good, realized, money-making potential, and make money, fewer are made by the original idea maker.

So knowing all that, if I truly thought I had an amazing idea that’s going make a lot of money, I’m not going to present my idea, and worse my plan, for that idea for everyone to see so I can raise money from a large group people who don’t posses, let alone will provide, the technical, financial, or any other expertise to help me realize the project as efficiently and effectively as possible.

And I’m surely not going to do that, when I know there are huge companies with connections all over the world with far superior technical, financial, and logistical expertise and resources that could take that idea, and worse again, the plan I laid forth, and have a far greater likelihood to complete the idea and make that money off of it.

In a cutthroat business world where tech companies are some of the most cutthroat and powerful, employing the best and brightest, it’s going to be some guy with a philosophy degree and after some relatively obscure and unsuccessful attempts to create a business, who is going to not only have a revolutionary money-making idea and make that idea happen, he’s going to essentially hand them the blue print of all and still best them at it.
This post was edited on 10/25 at 10:46 pm


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buckeye_vol
Ohio State Fan
Member since Jul 2014
32215 posts

re: Official CryptoTalk Thread
In addition, there has been increasing bipartisan scrutiny, with calls for regulation, investigations, or just plain changes to the law regarding their taxes (or lack thereof) and handling of personal data into companies and sector that is vital to its money-making and mass adoption potential. So there are probably some (maybe many) barriers to entering into a financial partnership with these companies, especially if there is any connection to their systems and/or data.

Not only does a company probably have to convince the technical experts and business leaders of its value, it has to convince the legal team and PR department as well. So one of the most obvious, fundamental, and relatively basic things a company should always do to attract business is avoid any appearance of illegitimacy or deception, but it’s especially true when there is an increasing focus on it.

So while I know it’s the norm for cryptos and doesn’t mean anything shady is happening at all, but an American company registered in the Cayman Islands, with its history as a tax haven, and its association with shady, if not outright criminal companies, is definitely not going to help it fight those headwinds.

In fact, I don’t know why they (or any new American company) would register there in the first place, let alone given the reputation. It’s probably not because they’re shady and planning a scam but that’s always a possibility. And even though it’s more likely, the other possibility is that why didn’t consider or realize the unnecessary risk of the appearance of it, and that’s not a good sign of the decision-making, leadership, and ultimately potential of the company.

And in case you’re going to dismiss this, here is a recent article I found when I was googling Caymans and taxes:

Corporate America flees zero-tax Caribbean havens after crackdown
quote:

Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the Cayman Islands and the Bahamas.
So as corporate America flees from a location to appear more legitimate, this company with this revolutionary idea decides to flee to before they attempt to convince that same corporate America to give them their money and work with their systems.

And we’re supposed to believe that lack of common sense is going to revolutionize something complex and make a lot of money on it?
This post was edited on 10/26 at 12:00 am


Heyndil
Member since Oct 2019
5 posts

re: Official CryptoTalk Thread
Guys, if you could invest in 2 cryptocurrencies in 2019, which would you choose? I am new to the cryptocurrency market, that's why I want to know more about all the details. What are the reliable free crypto signal providers on Telegram? What are your thoughts on palm beach research group?
This post was edited on 10/30 at 4:51 pm


Douglas Quaid
TBD Fan
Mars
Member since Mar 2010
2715 posts

re: Official CryptoTalk Thread
IOTA and.... EthereumLINK


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RATeamWannabe
Kansas Fan
Baton Rouge
Member since Sep 2009
23822 posts

re: Official CryptoTalk Thread
probably Link and bitcoin


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DreauxB2015
LSU Fan
Louisiana
Member since Nov 2015
4296 posts

re: Official CryptoTalk Thread
Buy LINK and BTC . Hodl . Thank us later .


CE Tiger
Chicago Cubs Fan
Metairie
Member since Jan 2008
38533 posts

re: Official CryptoTalk Thread
Man i was getting Link vibes on RLC at 28cents a few weeks ago. fricker is up to 60 cents


lsu17champ
LSU Fan
Baton Rouge
Member since Mar 2019
64 posts

re: Official CryptoTalk Thread
Has anyone found any trading groups that have worked for you guys? I found one sports trading bitcoin that has been really passive... any others...


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Oizers
LSU Fan
Member since Nov 2009
2074 posts

re: Official CryptoTalk Thread
DAG and LINK.


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readysetgeaux
LSU Fan
Member since Jun 2012
174 posts

re: Official CryptoTalk Thread
FYI finally got access to Robinhood crypto and able to buy BTC and ETH through the Robinhood app


VinegarStrokes
Atlanta Braves Fan
Georgia
Member since Oct 2015
9372 posts

re: Official CryptoTalk Thread
LINK on the move


DreauxB2015
LSU Fan
Louisiana
Member since Nov 2015
4296 posts

re: Official CryptoTalk Thread
Patience baw - this is only the beginning - we still early for LINK


VinegarStrokes
Atlanta Braves Fan
Georgia
Member since Oct 2015
9372 posts

re: Official CryptoTalk Thread
quote:

Patience baw - this is only the beginning - we still early for LINK


?

I've had LINK for a while now. Simply stating that it was moving up like every other time a sharp increase happens in this thread.


DreauxB2015
LSU Fan
Louisiana
Member since Nov 2015
4296 posts

re: Official CryptoTalk Thread
HODL


CE Tiger
Chicago Cubs Fan
Metairie
Member since Jan 2008
38533 posts

re: Official CryptoTalk Thread


DeathValley85
LSU Fan
Strawberry Fields
Member since May 2011
13561 posts

re: Official CryptoTalk Thread
Comfy


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