UBER is worth $60-70bn right now.
Crypto as a whole, including blockchain tech, is worth $123bn.
Correct me if I'm wrong or I missed something, but don't you think that the decentralisation, privacy and speed of blockchain are worth more than a taxi company?
Maybe we are in a bubble, but I think it's just starting to inflate.
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uber has over 1million RIDES per day. btc has less than 300k transactions a day and most that is just trading, I bet like 5-10k is people actually buying shit.
and yet the coin is worth more than the million rides a day? lol
>comparing 1 single company to an entire sector
We're the early adopters of crypto, it's still very fringe. Even Bitcoin hasn't hit mass market yet.
> Uber won't become the entire transportation sector
they just hired some dumbass mudslime ceo and google is investing a ton in lyft as well as their own self driving technology, waymo.
so no, uber wont
That's the point.
to add to this terrific reply:
btc is supposed to be deflationary with fixed supply, so it would benefit all btc holders if you didn't transact it because then ti reveals the inherent problems with btc: slow transfer speed and high transfer fee. this is why the fork happened in august and all this bs about china regulating exchanges also deflates the value of btc.
so even though btc holds value and is deflationary, the rapid increase of its price relative to fiat has pushed it into bubble territory, so you have all these celeb-fags going on mainstream media saying its a bubble and that causes panic amongst some weakhanded fucks who don't want to hold btc, because they want to just get quick profits.
long-term, if you want a stable crypto that holds value you are better off with something that has higher supply but can handle more transactions such as litecoin.
>inb4 shill
i actually have 0 ltc right now and am not trying to pump it. i just think it has many benefits and strengths above btc.
Taxi company actually making money everyday. Blockchain is a bunch of tulips being traded for monolopy money
You really should stop comparing equity to currencies.
>more transactions per second
>litecoin
you what mate?
Litecoin just copies everything bitcoin does, it doesn't innovate at all...
Who cares? That doesn't mean it won't do well.
People that don't realize crypto is going to disrupt Uber, Facebook, Youtube, Airbnb, etc are seriously retarded.
Elaborate?
It's all going to come crashing down.
>There are over 1000 cryptocurrencies and crypto assets.
>There is over $127 billion dollars poured into them.
>Most of their developer teams haven't created a single working product.
>deadcoins.com
>10 years of Bitcoin
>tech still shit
>3 bubbles
>Paris Hilton
>Floyd Mayweather
>early adopters
You are delusional.
Why host videos, social media, payment info, etc. on zuck and co's network?
See you on the other side
crashes are healty, we need to get rid of 95% of the shitcoins in existance today. too much shit getting traded, created, shilled. even large ones.
clone-coins and shitcoins like litecoin are just a parasite on the whole economy, draining money that would otherwise go in worthy projects that instead go into pump and dump coins and as a result make crypto look like a joke. hopefully china getting btfo brings back some sanity, even if it means a 50% retrace.
do you honestly think mayweather or hilton has ever downloaded a single wallet? They are making a quick buck off the ICO craze like everyone else, but they are not in the market so to speak. They are not adopters, they are spokespeople.
Anyone on the 3500 dollar Bitcoin train is most likely a late adopter. You can only pretend for so long it could even scale to serve one medium sized city. I'm not saying it will burst tomorrow or at all. But you are highly delusional if you're saying it will become a world currency.
Incorrect, Uber burns billions of dollars every year and has shown no economies of scale as it has grown.
This
No value is created in Bitcoin. Barely any Bitcoin is used to buy something. It's not a currency. It has become a mathematical money stash, far from its original purpose.
no distributed ledger can scale to a global economy as CASH while keeping the ledger distributed and trustless. thats what the lightning network is for. every crypto worth its shit is developing a lightning network because they know that base layer blockchains are only good when they have low traffic. what can be built on top is just like a visa network, but validated and kept secure by multiple layers below it, each one less used and only storing larger and more critical transactions, until you get to the base layer, which is the arbiter of truth in case shit goes wrong.
in the future upgrades to coins like btc and eth will have their blockchains operate in a "rolling" mode, where the blockchain is validated only from hashes and you only need the validation hashes plus < 10GB of "chain" data and from that you can validate decades of blockchain usage.
ethereum is doing a better job that bitcoin in that regard because it doesnt have UXTOs to manage, but bitcoin can soft-fork to add similar functionality. and at that point blockchain bloat is forever a non-issue, and only people looking to spy on historical transactions, or provide a explorer service need to cache and analyze the multi-TB historical chain.
Nope, I think crypto is reaching a stage where it's marketed to niggers and fans of D-list crackwhore celebrities. The lowest common denominator if you really think about it.
Bitcoin is a decentralized payments network. According to Metcalfe's law, the value of a network = n(n-1)/2, where n = the number of participants in the network. So as users increase, value increases by a multiple of n/2. Also bitcoin can currently be used to purchase gold, silver, computers, computer accessories, computing power, drugs, guns, hookers, and anything sold by overstock.com.
I understand what you mean, but even so Crypto is larger than BTC. I'm looking at projects that are already backed by major institutions and have an ecosystem to function in as well as demand.
The tech is here to stay.
There was a CNBC article Friday with an expert saying less than 300k people have more than $5k worth of Bitcoin, such low numbers proves it's not a bubble and is just getting started.
>Market cap meme
Pajeet make 100,000,000,000 coins.
Pajeet sell 1 coin for $1 to hes brother Pansun.
Now we have $100,000,000,000 capitalisation.
WOW!!!
This is nice in theory, but we have been told this for half a decade. I'll bring you back to reality and remind you the last Bitcoin upgrade led to a whopping increase to 7 transactions per second.
If people were value investing based on what could be classified as fantasy, they would be called insane.
a way of storing wealth that takes up zero space and can be memorized and accessed and transferred from anywhere with internet/cell reception has value. nobody knows how much value, but its definitely in the billions, as its the people with large amounts of wealth that precisely want this kind of service.
now people have awoken to being able to store millions of dollars in their head you cant take it all away, especially when trying to ban it is as difficult as trying to ban two people from talking to each other.
Because normies have broadly adopted that shit. I'm not saying it's right, I'm not saying it won't change, but it could take a decade or more and many coins will come and go between now and then.
do you even understand this space? 7 tx/s is irrelevant because the base layer is not where 99% of the transactions are going to be. when you buy coffee you dont send starbucks an ach. the technology isn't the issue, its the politics around the tech that causes issues, like chyna stalling progress for 3 years.
They're getting killed in every continent apart from Europe and South America.
>draining money that would otherwise go in worthy projects
are there any? lol
very few, the point is that we need consolidation. right now its just a bunch of indians chinese and eastern europeans and other third worlders creating clones of existing coins with a little tweak here and there. nobody jumps on those coins expecting to use them or for other people to use them, they just want quick profit. this isnt sustainable and pains the whole space in a negative light which contributes to the amount of regulatory pressure around crypto.
and its all for nothing, because outside of the top 10 coins theres barely any money in everything else, yet their existence has a net negative effect. i wouldnt be surprised if in the future we see large scale 51% attacks being done on a huge number of small-cap coins to try and cull the heard.
this is fun, whats the eta on digital currencies being worth more than the whole of nasdaq? Its not if its when
>currency
Who even uses these digital tulips but a handful of fags. Comparably.
Once big youtubers and instagrammers etc realize that they can make much more money directly from their fans through crypto they will begin to slowly transition, you can also offer them a lot of crypto for them to move.
The truth is that facebook, youtube, instagram, etc create no content, once the content creators realize they can profit from their creations instead of only youtube or facebook profiting the financial incentive will be there to move to crypto. The same with uber or airbnb.
I agree, there needs to be a change in market mentality so as to purge scamcoins. Until that's achieved Crypto will be stunted. I think this happens so much because it's still in its infancy and most aren't sure what to make of it.
If there is a future- decentralisation, automation, instant services and 3D printing is it in my opinion. Crypto will be crucial.
>an actual discussion on biz
Wasn't expecting it.
once porn, an almost entirely digital industry, adopts there will be no stopping it.
Crypto has no ease of use. Once it gets its killer app (on a mobile device), then we will see what "mainstream" really means. These are definitely the early stages right now.