legaldinho wrote:

AndCallMeCharlie wrote:

legaldinho wrote:

AndCallMeCharlie wrote:

I still haven’t heard one argument against blockchain & crypto that is as persuasive as customers won’t buy stuff online cause they won’t be able to touch the product

Well what you wrote makes no sense, so I really want to see these arguments that are even less persuasive than that blurb of text. Call it intellectual curiosity.

Struggling to understand how you can miss interpret my post, anyhow: Back in the mid 90s market research pointed to e-commerce being a bone starter as customers wanted to touch the product before purchasing, fast forward 20 years and it’s commonplace. Overcoming this physical barrier seems much more complicated than steadying the variance in BTC’s price or improving payment cost or times.

So that argument was not persuasive, and you have yet to see an argument which is as persuasive as that argument which w
as not persuasive at all? Makes perfect sense!

What’s your problem?

If a Bitcoin is worth £8k currently, how do you spend it?

By exchanging fractions of it for whatever you're buying, but the price fluctuates so often good luck figuring out what the value is of the bitcoin you're spending.

I just looked this up, a Bone X is currently worth 0.05 bitcoins.

0.04

legaldinho wrote:

AndCallMeCharlie wrote:

legaldinho wrote:

AndCallMeCharlie wrote:

I still haven’t heard one argument against blockchain & crypto that is as persuasive as customers won’t buy stuff online cause they won’t be able to touch the product

Well what you wrote makes no sense, so I really want to see these arguments that are even less persuasive than that blurb of text. Call it intellectual curiosity.

Struggling to understand how you can miss interpret my post, anyhow: Back in the mid 90s market research pointed to e-commerce being a bone starter as customers wanted to touch the product before purchasing, fast forward 20 years and it’s commonplace. Overcoming this physical barrier seems much more complicated than steadying the variance in BTC’s price or improving payment cost or times.

So that argument was not persuasive, and you have yet to see an argument which is as persuasive as that argument which was not
 persuasive at all? Makes perfect sense!

The original argument was extremely persuasive and as a result many leading retailers ignored e-commerce from their business strategies allowing disrupters (e.g. amazon, ASOS etc) to capture market share from established high street retailers to the extent many have never fully recovered (see M&S continued struggle in generating revenue from their digital channels).

 this argument against e-com was persuasive but was overcome; imo arguments against crypto are less persuasive and therefore I expect them to be meet.

GooberTheHat wrote:

By exchanging fractions of it for whatever you're buying, but the price fluctuates so often good luck figuring out what the value is of the bitcoin you're spending.

Ah right. That makes sense. I wonder how people set bitcoin prices. Just for whatever its with at the exchange rate at that time?

Given how impactful things like meltdown/spectre/stuxnet etc can be, I really can't figure that a currency that only grounds out in crypto or some other technological basis will have staying power.
No doubt there's lots of interested parties taking runs it now though, so will be interesting to see how it plays out. I just hope they hurry the fuck up about it, GPU prices are ridiculous right now.

He's saying he hates freedom

legaldinho wrote:

AndCallMeCharlie wrote:

legaldinho wrote:

Just your post bro. I even bolded it and underlined it.

I don’t understand why it’s that important to you

I just don't like zero effort posting unless it's (a) funny or (b) at the very least, not making a serious point. You seemed to try to make a super serious, wise point. It was a hilarious fail. I guess that makes it funny. Omg I broke my own damn rule!

You may wish to reacquaint yourself with the one B&B rule

Diluted Dante wrote:

If a Bitcoin is worth £8k currently, how do you spend it?

You convert it back to a fiat currency i.e. pounds and transfer it back to your bank account. Anything under £11,300 is exempt from capital gains tax

The whole currency debate is a little tedious in my humble opinion. What's much more interesting is the potential uses of blockchain. Private v public blockchain. Smart contract (software code is not law at present). Decentralised applications, two early examples of these being TOR and TORRENTS. Neither use blockhain as the tech didn't exist back then but they are good examples of decentralised applications (dApps).

One thing that interests me is voting. We still use pen and paper for voting in elections etc. Blockchain is a distributed digital ledger which is immutable. In theory that means the data on the block is secure from tampering. Which in turn means we could potentially have digital voting for elections etc. If there was a gov blockchain and we could vote electronically, that could have a massive sway on the results of votes. You'd get a higher proportion of the public voting (they don't have to get to a polling station) etc.

What do we reckon the odds are that the nsa or some other serious bods have a zero day exploit for block chain?

Re voting. I don't want my voting record to be public thanks. Is there a way around that?

When you say a backdoor into blockchain, what exactly do you mean? If you mean a way to affect the blockchain ledger, then from my understanding it’s extrememly difficult as you have to affect more than 50% of the potentially millions of individual ledgers at once for this to work.

As for scaling, as the computing power is distributed and everyone with a computer who wants to have a chance at earning a bit of money can join simply by downloading and running some software, scalability is baked into the system.