cockbeard wrote:GooberTheHat wrote:That's not what I meant. The fact that the company who hold your assets can suspend trading when the price is falling (when you're most likely wanting to sell) will put plenty of people off (from coinbase at least, not necessarily crypto)
Whilst I hear you, it arms a sensible safeguard against bot traders, and a large run being placed on the asset
WorKid wrote:40% of bitcoin is owned by 1,000 individuals.
Or so I read on the Internet.
acemuzzy wrote:Useful read - thanks! You have my most common typo in there tho, I think. "they are now invulnerable" -> "they are not invulnerable"?!
Dinostar77 wrote:Lester, one other question if you don't mind. What's your thoughts on alt coins that are trying to solve different issues? I.e. Storage - siacoin, storj and maidsafecoin. Digital advertising I.e BAT. Off chain - raidenetwork. Gaming tokens - Wax and enjin and so on? Its like the wild west at present, so many ideas, so many teams trying to introduce their own protocols and blockchains or even child blockchains. It's crazy. Mass adoption is key and I can't see many making it. I wonder if crypto kittens is a sign that mass adoption will happen in a way that we least expect, I.e. through gaming?
legaldinho wrote:The %age of bitcoin in circulation owned by the same number of individuals is probably even higher, given that satoshi probably has tens of thousands and will probably never move any. Fact is about a dozen people can cause a crash any time they want, the people who have other interests now.WorKid wrote:40% of bitcoin is owned by 1,000 individuals. Or so I read on the Internet.
LesterUnlimited wrote:acemuzzy wrote:Useful read - thanks! You have my most common typo in there tho, I think. "they are now invulnerable" -> "they are not invulnerable"?!
Fixed thanks! Where did you find the hyperlink BTW that went to blogs/easter-egg/www.bitaddress.org
acemuzzy wrote:In the paper wallet section I thinkLesterUnlimited wrote:Fixed thanks! Where did you find the hyperlink BTW that went to blogs/easter-egg/www.bitaddress.orgacemuzzy wrote:Useful read - thanks! You have my most common typo in there tho, I think. "they are now invulnerable" -> "they are not invulnerable"?!
Dinostar77 wrote:https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 Excellent read. I've been questioning stuff as well wondering if I'm missing the bigger picture and this guy has summed it up.
Dinostar77 wrote:Imho I think a long term portfolio should have the following: 1) currency i.e. Bitcoin, Bitcoin cash or Litecoin. 2) privacy currency i.e. Monero, Zcash, Pivx. 3) platforms i.e. Etherium, Neo, Qtum. 4) utility (fintech) i.e. Ripple, Stellar lumens, Omisego. Anyway that's my own opinion, but that's what I working towards for the long term holds. A coin or two in each category.
Lester wrote:So give it time. Around 2002 I was getting written warnings for attaching small video clips on email and now no-one thinks twice about streaming HD movies with surround sound on demand.
cockbeard wrote:That was more about content than server capacityLester wrote:So give it time. Around 2002 I was getting written warnings for attaching small video clips on email and now no-one thinks twice about streaming HD movies with surround sound on demand.
cockbeard wrote:My thing about crypto currency right now is I've seen it being discussed on front page bbc links, and more tellingly my afcb forum. This makes me think getting in now is likely far too late
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