Cryptocurrencies
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@nta said in Cryptocurrencies:
When people start bringing real-world uses that are demonstrably better than the status quo
Which isn't going to happen unless you can partner with a CC. Even then, what benefit is there? None. Crypto won't replace fiat.
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@antipodean fast, cross border transactions, with low fees would allow crypto to sit under fiat tho.
Contracts and trading speeds appear to be where the better proposals are running
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@nta said in Cryptocurrencies:
@antipodean fast, cross border transactions, with low fees would allow crypto to sit under fiat tho.
That technology already exists and is better than blockchain at doing it. I know this because I built some of it for one of the big four. International clearing houses only existed for this long because not enough consumers said we're tired of this bullshit
Contracts and trading speeds appear to be where the better proposals are running
The current high frequency trading infrastructure is better. Current blockchains don't scale well enough to compare.
Don't get me wrong, I like the technology and it definitely has its uses, some of which we still haven't worked out, but private coins replacing sovereign fiat it will never do.
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Elicited exactly the response I was expectingBut its a bit more serious than that: Pornhub isn't a payment platform as such, but Mindgeek (effectively parent of Pornhub and a few other sites like Brazzers) took something like 350M Euro last year. Everyone knows porn is big business. But once you understand who owns what, you realise just how big some of these are.
And Verge is designed to be a privacy protocol, so seems like a good fit.
The price yesterday got as high as 15c Aussie, but leading up to, and after, the announcement last night, there were big selloffs so its back to ~10c.
That's OK, because as things start to integrate we should see a rise (pun intended).
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@nta said in Cryptocurrencies:
Elicited exactly the response I was expectingBut its a bit more serious than that: Pornhub isn't a payment platform as such, but Mindgeek (effectively parent of Pornhub and a few other sites like Brazzers) took something like 350M Euro last year. Everyone knows porn is big business. But once you understand who owns what, you realise just how big some of these are.
And Verge is designed to be a privacy protocol, so seems like a good fit.
The price yesterday got as high as 15c Aussie, but leading up to, and after, the announcement last night, there were big selloffs so its back to ~10c.
That's OK, because as things start to integrate we should see a rise (pun intended).
That's pretty cheap, could be worth squirting some spare change into it
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@nta ah, the old abstinence investment approach! aka blue money balls
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And in other great news: Savedroid, marketed as “building a user interface that will make a cryptocurrency investment just as simple as a savings account. Our mission is to eliminate adoption barriers and make cryptocurrencies accessible for everyone!”
After raising $50 million in its ICO, the website now shows nothing but a fullscreen South Park meme:
Tweet from the CEO:
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@antipodean You almost have to applaud that brazenness.
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Regardless of how clever I thought I was, I wouldn't have used my real name, nor posted a photo of myself. If anything, I would have asked a random stranger to pose for a shot. The person who pushed in front of me at the lounge for example...
