So if the bubble really pops pretty much at least one of these things is guaranteed to be the Google/Amazon of...

>what makes you think that?
Because decentralization is important for certain things. Its just that these faggots tried to decentralize EVERYTHING. Not everything needs to be decentralized.

The one that will get mainstream adoption as the preferred platform for decentralization will get a multi-trillion marketcap. So if you are holding coins that are only trying to decentralize one thing, then you are fucked.

Because the one that will survive has to be generic as possible.

>the one probably does not exist yet
Possibly, although ETH is starting to look like a good candidate though once it scales.

yeah and this will be known as eternal january my friend. theres no reason for any of these gay coins to exist. all the problems that blockchain can solve will be solved in house.

decred. the only one with governance to help move through the ashes

>all the problems that blockchain can solve will be solved in house.
In-house blockchains are not really desirable since it wont have as many nodes as say Ethereum. It has to be a public blockchain to be valuable.

Ethereum is shaping up to be the Google/Amazon but whos to say that another platform wont scale and steal developers share from it. But as of now i think ETH is the most likely candidate.

Once Amerilards wake up and discover their Tai Lopez moneys isn't worth anything the bubble gonna go down.

VEN will be China's official blockchain
The writing's been on the wall for months

> at least one of these things is guaranteed to be the Google/Amazon
Come to think of it, crypto will be finished when literally Google or Amazon decide to get into the game.

>blockchain technology built by Google nerds

Normies won't look at anything else. Most people don't really care about decentralization. In the long term people will flock to something that's reliable and solves problems.

Skycoin.

XRB/XMR/ETH/NEO/VEN/ICX

These will be amazon, google, fb, uber, airbnb, apple

BTC will be AOL, but probably not for another 20 years, which is a long time in crypto :P

fun. nothing else

All my crypto is in XLM. Why? Because they're actually doing something useful with it, have major corporate support and are superior tech-wise (god-tier white paper proving their safety, 5 sec txs, practically no fees, decentralized trading, fiat-backed tokens).

B I T C O I N
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>XRB/XMR/ETH/NEO/VEN/ICX
Too many bro. IMO in decentralized networks its pretty much winner takes all. This isnt like regular corporations.

Blockchain doesn't have 1/10th of the revenue potential of .com companies in the late 90s.

no, it wont be ethereum. literally no coin will live up to the blockchain hype. litecoin or bitcoin cash or some new coin might stick around so people can buy drugs and feel like anarcho cyber punks but ethereum is nothing more than a cool toy kinda like the raspberry pis many of you forgot about in your desk drawers.

>All my crypto is in XLM. Why? Because they're actually doing something useful with it, have major corporate support and are superior tech-wise (god-tier white paper proving their safety, 5 sec txs, practically no fees, decentralized trading, fiat-backed tokens).
XLM is not turing complete. You cant program a decentralized casino or apps in it. It can only do exchange of values.

>Send/Receive XLM
>Host ICOs in XLM

blockchains do not necessarily have to have a currency component to operate. Once you brainlets get this then you can get rid of your worthless portfolio of useless e-coins.

>Blockchain doesn't have 1/10th of the revenue potential of .com companies in the late 90s.
As of now. The winner of this blockchain war will have a huge marketcap IMO and generate a shit-ton of revenue from staking or whatever mechanism it has.

>no, it wont be ethereum. literally no coin will live up to the blockchain hype
The winner possibly does not exist yet. But what makes you so sure ETH wont live up to the hype? The only problem it faces right now is scaling. If it fixes the scaling problem, then its pretty hard to beat.

>crypto will be finished when literally Google or Amazon decide to get into the game.
Good meme, but a blockchain owned by a for-profit corporation is not that inviting. If they branch out to a separate entity and make the chain public it can obviously succeed but what would be their incentive for doing that and how soon do you think they're gonna release something?

You don't want a real currency to be turing-complete. I think ETH already proved this. Turing completeness is fine, but not for dealing with large amounts of value, it's a major drawback there.

Also like I said XLM can perform trades, and also store data. It can basically do whatever is implemented into it, but not arbitrary things like ETH.

Mobius is a token on xlm. They have a dapp store and have 3 major innoivations in the pipeline.

Is ETH turing-complete?

>blockchains do not necessarily have to have a currency component to operate. Once you brainlets get this then you can get rid of your worthless portfolio of useless e-coins.
There has to be an incentive to run the nodes. For it to be a valuable decentralized network the nodes need to be many and scattered.

The only way a good decentralized network wont have a token/e-coin is if the government mandated every citizen's computer to run a node.

You think these blockchain developer's like Vitalik et al would create an ETH token if its unnecessary? Vitalik doesnt care about profit that much.

At least understand why these things have a token instead of being the regular bubble screecher.

Actually they do, unless you can figure out some better DOS prevention method.

I just don't see real businesses using the technology, only hardcore hobbyists. its cool and novel but not really ground breaking.

nope you can always PAY for blockchain maintenance yourself and make it a CLOSED system

>There has to be an incentive to run the nodes
What is bittorrent

>You don't want a real currency to be turing-complete. I think ETH already proved this. Turing completeness is fine, but not for dealing with large amounts of value, it's a major drawback there.
Then even if XLM takes off, there will be a blockchain platform that will fill the need for a turing complete smart contract platform.

>Mobius is a token on xlm. They have a dapp store and have 3 major innoivations in the pipeline.
Their token might be in XLM (Like i said XLM is for exchange of values). But i doubt it uses XLM for its smart contract capabilities if its a smart contract platform.

Think of it as blockchain platforms that have an ERC20 token but will have their own blockchain.

>Is ETH turing-complete?
Yes

vitaliks a smart kid but don't you think you could be putting him on a pedestal? he made a cool thing, he's not some oracle of all truth and infallible.

If it's a closed system you should just make it centralized, brainlet.

If it's public, using the network has to cost something, otherwise it's just gonna get spammed to oblivion. Having a limited currency to pay for fees is the perfect fool-proof solution to prevent spam, so a token is inherently tied to any decentralized system worth its salt.

>would just make it centralized, brainlet
Yes, exactly what companies want. A centralized efficient payment system.

>Then even if XLM takes off, there will be a blockchain platform that will fill the need for a turing complete smart contract platform.
Yes pretty surely there will. But running code decentralized safely is a huge hassle. It's gonna take serious development time to implement an ETH competitor based on the specific FBA algorithm XLM is using, and it doesn't exist yet.

Byteball

>What is bittorrent
You have an incentive to seed while you are downloading a specific file. Or to seed a file that you like. But no one will seed all the fucking files in the network lol.

Ever experienced wanting to download a file but its slow as fuck because there is only one person seeding it? That is what happens if there is no incentive, only the people with personal reasons to seed it will do. Then you will get stuck at 99.9% after waiting for days to download the file.

Come on dude, we've got the brightest minds working on this problem. The token is needed for decentralized networks.

>vitaliks a smart kid but don't you think you could be putting him on a pedestal?
He isnt that smart. The reason why im bullish for ETH is not because of vitalik but because of the sheer number of developers working on the ecosystem.

Joseph Lubin stated that ETH has 30x more developers than Hyperledger, the platform with the second most number of devs.

>a closed system would just make it centralized
Who says it has to be decentralized? Every application of bittorrent technology has been to save bandwidth for central controlled data transfer.
They will use blockchain for their own means, they're not going to adopt cryptocurrency for shits and giggles.

This coin idiots.

Companies will run their private blockchain and it's client is implemented in their tech products.
Then Windows does come with it's own client preinstalled and so does your Samsung phone.

Then you have a decentralized network, controlled by an authority.

You fucking idiot. If you make it centralized, you don't need to build a blockchain for it, just store everything in a single SQL database. If you wanna distribute trust between a few parties it's still majorly less decentralized than a public system. Private blockchains have their uses but a public blockchain is still more trustable for the vast majority of applications.

Say, banks could surely want to set up their own blockchain. But nobody else would want to use that over a public blockchain if they have the choice because that would equate just trusting the just banks like we're doing now. So there has to be a public blockchain as well.

can you name some real world valuable use case of a public network like eth? use cases that solve a problem that businesses have? we can all think of cool humanitarian uses but lets be realistic, the amazons and googles don't care about that and aren't going to bankroll our censorship free imageboards.

>Companies will run their private blockchain and it's client is implemented in their tech products.
Oh come on, that has to be a violation of some consumer rights. That wont happen.

Who will complain? These crypto investors definitely will lol.

>Fuck you, how dare you run a Microsoft Smart Contract Node in my computer without permission - ETH investor

Why are you guys so against the notion of a public blockchain lol and have to come up with these absurd scenarios. Is it really that unbelievable that one will take off?

Icon?

>you don't need a blockchain for it
If it makes things more efficient and cost effective companies will do it.
Otherwise they just stick to status quo.
>public blockchain is still more trustable for the vast majority of applications
The only current application of blockchain is shitty cryptocurency so your argument is pretty weak.
>It needs to be public
False.

>violation of some consumer rights
>open sores software
nope

>can you name some real world valuable use case of a public network like eth?
Do you follow ChainLink. The Linkies often use the Capgemini report as a way to shill ChainLink but that report by Capgemini shills smart contract tech too.

>So what private blockchains blah blah
Private blockchains are a stupid idea lol. The reason blockchains are so secure is because of the number and wide distribution of nodes.

tezos

So bitcoin then.

It has to be at least somewhat decentralized, otherwise it's useless over a single database.

Any company that wants to send money and is not part of the banks' chain and doesn't want to trust them. Buy crypto with fiat, send crypto, buy back fiat on the other side of the world.

Anyone who wants to trade things or store data decentralized, not having to trust a single entity to not fuck them over or lose the data.

Anyone whose fiat is even worse than crypto.

I don't say some of these things aren't pretty gimmicky, but they're still worthwhile, just not worth the hype crypto as a whole has had.

>t. thinks companies will run a node in the background of consumer softwares
You really sound like one of those supercompute fudders lol. Everything that can happen will happen... except public blockchains going mainstream.

Blockchain nodes are not really that lightweight you know... it will degrade the performance of the consumer's computer.

secure from what exactly? like i said, it has priceless humanitarian value but companies dont want to lose control over their data. thats how the c suite goes to prison.

This desu senpai

>thinks companies will run a node in the background of consumer software
Yes, all they have to do is update their eula and make it compulsory for you to have on the client if you wish to use it for transactions.

>Buy crypto with fiat and buy back fiat
This costs too much, might as well run a private blockchain and trade directly in fiat.

If it's not public, it's not useful for anybody outside of it. For there to be a trustless method of value transaction, trade and data storage, there needs to be a public blockchain.

They don't need you as storage but only as relay. IOTA tangle is a step in that direction. No fees, no classic blockchain, you just have to confirm 2 transactions to do your own.

>secure from what exactly? like i said, it has priceless humanitarian value but companies dont want to lose control over their data.
More nodes scattered around the world = less likely that the network will get fucked.

>but companies dont want to lose control over their data
Then stick with databases lol. Like i said, not everything has to be decentralized but some things do. For example, prediction markets are pretty good use case.

what company thats not selling something illicit is going to trust their money in a volatile unregulated market and risk losing 30% of there money in a day but not trust the banks?

Just buy EGAS and hold it...13mil max supply and the price is sub $0.10 - at $1 it will only be 13mil market cap and even if it turns out to be a scamcoin thats still 10x returns.
Take a look@ coinmarketcap.com/currencies/ethgas/

Me too. Just added to it few days ago and banking on their ico platform being a success. Gonna use some of my strat on the icos as well.

>trustless method of value transaction
It's a private blockchain but still public, public to those in that ecosystem. Just not to those not in it.
It's administered and controlled by a central entity.
You join the ecosystem by having an account with that entity.

>what company thats not selling something illicit is going to trust their money in a volatile unregulated market and risk losing 30% of there money in a day but not trust the banks?
MakerDAO already solves this problem by removing the volatility. I think its used by people as a decentralized Tether.

Its already live and usable.

>Oh come on, that has to be a violation of some consumer rights.
Nope, it's not fundamentally different than telemetry. It'll be baked into the EULA of those products. The clients won't pound the shit out of your phone. It'll just generate enough hashes to quickly cover whatever you're doing, with a little extra. It'll take a few years for it to come along. Who knows, it could even replace advertisi...ahahahha who am I kidding

>This costs too much
It really doesn't. Or do you have some sort of reason in mind why it would?
>, might as well run a private blockchain and trade directly in fiat.
Private blockchain between whom? Yourself? That's just the same as keeping a private database. Between everybody else in the industry? Then you might as well make it public to anybody. If you are a bank you can trust your peers, but not if you are a private corporation. You want NON-COMPETITORS to join the network so that nobody screws anybody over. No point in a private blockchain.

>Decentralized tether
Tether is a meme and totally useless mini-central bank that's exposes you to exchange fraud while not being as good as the federal reserve.

>They don't need you as storage but only as relay. IOTA tangle is a step in that direction. No fees, no classic blockchain, you just have to confirm 2 transactions to do your own.
Guaranteed that consumers will remove or stop that running process in the background if it gives them no financial incentive.

You only have to buy the currency, move it and buy back to fiat if volatility is a problem.

>Tether is a meme and totally useless mini-central bank that's exposes you to exchange fraud while not being as good as the federal reserve.
I said MakerDAO is a decentralized Tether...

>It's administered and controlled by a central entity.
You do understand that this by definition is the opposite of the point of blockchains and decentralization? If the banks were ok with that they'd just create one entity to keep their balances and perform the transfers.

>it really doesn't
1st round of costs incurred by exchanging fiat into crypto
Second round of costs incurred by exchanging crypto into fiat again.
That and it exposes financial institutions to two fucking rounds of market risk. 1 in fiat currency and another in crypto.
It will make any transaction more expensive than the current system in place and therefore useless.

The only people who will make money in this scenario are the exchanges.

>opposite point of blockchain
Not necessarily, if your institution is big enough you can deploy it in your organisation and make it more efficient. What you're trying to do is get everyone to adopt the same utopian blockchain.
Financial transactors are not in it to prove the ideals of the system. They're just going to take the best bits and apply it to their current networks.

What you are describing is a distributed database brah. It already exists for quite a while.

quora.com/How-is-the-blockchain-different-from-distributed-databases-in-terms-of-record-keeping

If it's bundled with the software you might not remove it. For the companies their is some incentive to use it. They can use it for accounting to some sort or as an secure decentralized virtual machine to run important code.

>If it's bundled with the software you might not remove it.
Kek, this will be a scandal for sure. Companies are competitive you know. If one company does that, its competitors will call them out for doing it.

>Microsoft bundles blockchain node software
>OSX calls them out on it to get consumers to switch to them

>1st round of costs incurred by exchanging fiat into crypto
There is no cost really. On XLM (for instance) you can create your own fiat-backed tokens that you can exchange into a publicly-trusted mediator currency at market prices. The trade fee is non-existent, you don't trade it on fucking binance, so the only loss is if the market values your fiat tokens substantially under their fiat value. Several remittance companies intending to test out XLM so far, but that's just the start of the working model. Maybe it fails eventually, but I don't see why you would expect that by default.

> if your institution is big enough you can deploy it in your organisation and make it more efficient
Nnnope, a central database is just fine if you use it only for yourself. Don't you think value transfer would be a solved problem if all of it happened between one organization only? There needs to be a public blockchain, period.

EGAS has a 13 mil max coin supply and the price is sub 10cents right now. Even if it turns out to be a scamcoin it will definitely get pumped to $1 before then and that will only put it at 13m market cap.
Take a look@ coinmarketcap.com/currencies/ethgas/

Or maybe this user is right, EGAS might be the Google of crypto..... kek thanks pajeet

>Scandal for sure
Why would they need to hide it? They can blatantly put it in their software and require it to run as a condition of service.

>Why would they need to hide it? They can blatantly put it in their software and require it to run as a condition of service.
And risk losing their marketshare? Maybe they could just use a public blockchain. Lol why are you making this so hard.

Explain

Lies. NEO is the chinese ethereum

We're not buying your bags

Pls respond we had a good debate going.

I was shilling pfr and prl here for you on /biz since both were 0.07 and 0.01 respectively. Get profit on egas and make me (and you) rich.
Take a look@ coinmarketcap.com/currencies/ethgas/

except vechain is the coin with multiple chinese government contracts

>he fell for the grape tracking scam
sad