Which one of you brave fucks wrote this??

stop your pseudo-philosophical circle jerking and accept that greed is a natural part of a free market. the only way all these projects can even make a living of bc-tech is because of the greed of people.

GREED IS GOOD IN CAPITALISM. how the fuck do you not get this?

without greed, buttcorn wouldn't even have made it past... well, there would be a $-value attached to it, would there not be the greed of people basing their buying/selling decision on that market value...

it's about beating "old money" with crypto by playing on the "old money's" playing field... we still have a free market...
and just because you're crying "THAT'S UNFAIR" doesn't mean everything will turn into a communist utopia where you will be overlord just because you use buttcorn.

also: i stongly believe the volatility of crypto becomes less of an issue when the market is grown to a more stock-market size... in the several trillions at least...

this chicken shit market (on a global scale) can literally be crashed by a bunch of criminals hoarding crypto since a decade ago by selling stuff on silkroad and basement dwellers who mined on their moms thinkpad in 2010 for a fucking week...

let some real capital come in until 2020 and you'll see a more stable market... volatility is an early problem that solves itself with sufficient market capital...

until then, you'll also have plenty of real uses for bc tech in the world... normies using it like a bank card blah blah blah...
people thought e-coins would be made by the banks...
kek

if you like banks, of course, buy fucking ripple or buy high, sell low like an emotional retard
the free market needs those too... weeding out of unworthiness, personified.

what incentive is there to run a node if not getting paid in crypto?

Pretty worthless rant. Half of its bullshit and the other half isn't news. Ask yourself, why isn't Fiat so volatile? Why isn't Tether? Just some kid crying his eyes out because weak hands can't hodl a stack. He should get out of this game. Its not for him.

The poster never argued against greed though? His fundamental argument seems to be that they won't actually be useful unless people spend it, which they won't if they want to make money off it.

Fiat is not volatile because it is not an investment instrument, and is a globally established means of payment decided upon by centralized governments. If all currencies existed in an unregulated, free market, you would probably see the same thing.

This is one of the main reasons reddit is shit. The level of virtue signalling on there is disgusting. When VEN partnered with China Tobacco there was fags in the subreddit complaining because they don't like tobacco companies.

he's actually retarded .
extremely bluepilled viewpoint of currency

Am I the only one that doesnt give a fuck about crypto as a currency? Blockchain is the real gem here, which lets tokens basically act as carrying the value of the network, which doesnt have to be a currency at all. A stable token currency would work just as well for it

You can buy a supercar in Chayna right now for your BTC/ETH or BCH.

Exactly. So, the point is...its not meant to be non-volitile.

who the fuck actually believes in crypto rather than just seizing on a bonanza?

ask the XRB fags

tl;dr
how about go back and discuss it on plebbit

>Fiat is not volatile
>What is Weimar Republic
>What is 400% decrease of pound sterling value over its lifetime
>What is Soros betting on Euro against pound and making $60b overnight.
I hope you understand...

This. Currency is volatile anyways, this guy has no education on exchange rates or cross borders contracts. He's also never lived in a 3rd world country where holding dollars is a great investment.

>B. Disk Capacity
2) Current:
Due to the design of keeping accumulated
balances with blocks, nodes only need to keep the latest
or head blocks for each account in order to participate in
consensus. If a node is uninterested in keeping a full history
it can opt to keep only the head blocks

>C. CPU

2) Representative:
A representative must verify signatures
for blocks, votes, and also produce its own signatures to
participate in consensus. The amount of CPU resources for a
representative node is significantly less than transaction gener-
ating and should work with any single CPU in a contemporary
computer.

>Network

1) Representative:
A representative node requires maxi-
mum network resources as it observes vote traffic from other
representatives and publishes its own votes.

So basically to run a node, you need a $5 a month. Any business would have no problem running that, or a techie amateur.

ok so whats the incentive

>GREED IS GOOD IN CAPITALISM

Greed is okay, but being overly greedy is bad. It leads to ridiculous behaviors such as tracking how many minutes it takes an employee to shit, or that Amazon bracelet that tell when warehouse worker's hands are not moving

He is just flat out wrong. The points he make are fairly solid, but his overall vision for the value and real world use of some of these projects is severely lacking. Say it with me guys: NOT EVERYTHING NEEDS TO BE COMPLETELY DECENTRALIZED. it's a meme

a decentralized instant and free peer to peer currency

>doesn't understand how early it is

Did you know that there is zero monetary incentive to run a BItcoin node? No, because you are a brainlet. At the very least, there will be a cost savings incentive to run an XRB node (and more to come through further developments) - there are more incentives (exchanges, 3rd party plugin and wallet devs, etc.) if you bother to dyor.

>"I don't know what stablecoins are" the post

I don't understand what you are trying to say with this graph user.

I meant to reply to you

most of the world's assets are in HOLDINGS - rights to natural resources/materials or LAND...this post is fucking dumb. Everything is a derivative of these few things and HOLDING is what makes it possible.

Huh, you're comparing natural resources to digital tokens? Holding most assets is valuable. Holding currencies doesn't make sense.

brainlet

ETH is fucked when regulations hit

back to 4$ shitcoin

nice repeating digits

>Entire thread calling OPs poster retarded.
>No one can actually counter his argument

stay classy, bizidiots

REAL value? Value is given by the people who believe in a currency, stock, whatever.
This dude is so stupid. He has no clue about economics.

You can’t read well can you? There are actually legitimate ways to fud xrb but being absolute retard that are you chose the low hanging fruit like the lowest common denominator you are. kys faggot

>Weimar Republic
>Soros
wtf you on about nigga
GOT season is over

Fiat is dying. It will start to get very volatile very soon. Faggot.

loving all the children in the game
makes my profits rise

No hes not. Hes spot on. People are buying BTC not because they want BTC, its because they want to get to lambo land.

Fucking retard.

Yes that's why there was a speculative bubble that popped. Just because there are idiots investing that doesnt mean the underlying idea is flawed. Extreme volatility is going to be common in an emerging asset class that can't be valued using traditional models. Not to mention it's essentially an unregulated 24/7 market. I suspect in a few years there will be more stability as shitcoin projects die

Also everyone who says people are only investing just for the price to go up are forgetting the basis for people believing the price will go up.

Every investment is a bet, "I believe this will be more money, because of X reason(s)"

No one in their right mind actually wpulf believe "x = because some fucker will buy it higher". To apply induction to that logic would be: I am buying z because some some fucker will buy it higher because some fucker will buy it higher because some fucker will buy it higher..."

If that reasoning had any basis BTC would've crashed to 0 already

the person who wrote this diatribe doesn't understand how markets function or grow.

This really isn't an argument.

Why are so many people still talking about all of the cryptos as if they're supposed to be currencies?

I don't hold a single currency coin, the only one I can see a potentially huge future value in is Monero because of privacy and because it has a relevant use case as currency on darkweb sites.

can't wait till LINK takes #1 spot and becomes a shining paragon of what crypto and blockchain should aspire to be

This market has always been volatile. Volatility has nothing to do with the increase in newcomers. It's caused by LOW LIQUIDITY typical of small markets (cryptos are traded in relatively small exchanges).

Easy. Credit card fees are around 1%-2%. This means if you made $10,000 in sales, $100 will go to Visa, minimum.

Compare that to accepting XRB, getting money with no fees whatsoever. You don't even have to run a node. But If you do run a node to strengthen the network, it'll cost you $5 a month. Much cheaper than credit cards in every single way possible. And it can process more than credit card companies can process. And it will do it faster so instead of waiting 30 seconds on the register to pay for the coffee using ur CC, u wait 2 seconds instead for tx to confirm. Again, instantaneous and free.

>ironically
>ironically
>ironically

Jesus Christ, imagine reading a book by this brainlet. Ppl tht failed hs english shouldnt be allowed to use the internet. Buy a thesaurus, retard

Welcome to Monero, user. We've been waiting for you.

and a dictionary too

Have fun, again, spending something that you expect its value to go up by. Face it man. As long as this is a market and is unregulated, people will want to make profit, and it will simply never be stable (due to no regulation and federal backing). As such, no one will use XRB or any other crypto to pay for anything.

I have not seen a single valid argument against this basic point.

bah, picture didn't upload

This is the reason why i withdrawed all the money from crypto and im giing to invest it back in stocks after the crash is over. Crypto is revolutionary, but the market is massively overvalued and the “traders” are retarded also its the reason why crypto “investing” is now over in 2018.

I used to browse r/cryptocurrency to get my info and stay ahead of the curve. Recently I've realised that they actually represent the normie masses and I should be trying to stay ahead of them.

Also I got banned for calling out a pajeet.

>posting on reddit is brave

Reddit just just literally pajeet post after pajeet post. Every day looks the same, and everyone talks the same. I wonder how much all the shills are getting paid

Nice palindrome
Praise toth

you raiblocks fags need to be locked up in an insane asylum. never have I seen such delusion. pathetic.

Upvoted.

Crypto will never be used as a fucking currency. The idea is fucking retarded in the first place. The volatility doesn't matter.

The future is in distributed ledger platforms that businesses can use. Token based ecosystems are the future.

Why would I ever want to have a digital currency? I keep everything in cash and gold. One EMP and your entire life savings are gone.

>The future is in distributed ledger platforms that businesses can use. Token based ecosystems are the future.
This
>One EMP and your entire life savings are gone.
Oh shit. All these cryptos claiming to be quantum proof and I hadn;t even thought about EMPs. Fuck.

>decentralization effects

what did he mean by this,

Here’s your (you)

>crypto is fundamentally useless unless it loses its volatility

So use Tether. We're still in the price discovery phase.

not with the tiny amount I have

So you're telling me we're not going to see massive bull runs like before anymore??? I mean the prices are disturbingly stable at the moment.
DID I MISS THE HOLD RUSH????

how do you regulate a peer to peer net? it's like regulating .torrent

BIZ ANSWER ME NOW OR ILL OFF MYSELF AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>blockchain technology is useful

KEK

if it's decentralized you'd need to EMP every node to destroy the blockchain

You haven’t missed shit.

We have exactly zero tokens with a compelling working product behind them. None. Imagine when REQ or LINK or even OMG have a stable and working main net release.

>when

>blockchain is useful
LOL. You do realize updates to the blockchain cost O(n) network updates instead of O(1) in traditional business? Also, the whole "muh trustless environment" thing doesn't matter if you are using (aka trusting) a centralized exchange to hold your wallet.

Nobody is getting lamboland with BTC ever, maybe some early fags but not anyone else.

Nobody wants BTC, period.

Wtf there are many fee~less credit cards (unless you don't pay your monthly balance like a tard). Credit cards also offer USEFUL PERKS to the consumer such as buying protection, extended warranty, cash back, etc. Crypto is a step backwards as a currency

> reposting reddit posts in full

kill yourself immediately

> Design laid out by satan, or a pajeet.

Might be the only nice thing the monero honeypot had, the community, until it got pajeet'd.

> EMP

Thats why it is descentralized silly anons. You know what that means right?

If theres an EMP large enough to wipe the whole world, then, you will have more pressing issues by then than whatever happened to your shitcoins, believe me.

Everyone but me gotta learn you are stupid

>Why would I ever want to have a digital currency? I keep everything in cash and gold. One EMP and your entire life savings are gone.

This

Just because you don't believe in it doesn't mean that's not how it works. The only reason the price goes up is because more people are willing to buy at a higher price.

+1 Karma for OP

It's at the same right and shortsighted. ICOs are disrupting the stock market itself. It's so weird that almost nobody sees this. IPOs got regulated to death.
I give it 3 years before there's more money invested in ICOs on ethereum than in IPOs on the American stock market.

This + smart contracts hype are going to create what's going to be called _the_ cryptocurrency bubble. Imagine ether at $50k in 2020.

I think this is a pretty bad example of volatility. Sure, the dollar lost 95% of its value in 100 years, but Bitcoin lost 66% of its value in 2 months.

>747
I-is McAfee gonna die in a mysterious plane crash?

The first world currencies don't usually move over 1% a day, certainly not over 10% unless there is a very rare event. Crypto is far more volatile than most currencies, there are probably African tin pot dictatorships with more stable currency than most crypto.

>implying biz isn't worse

>Amazon bracelet that tell when warehouse worker's hands are not moving
lmao is this real?? Absolute state of wagies...

>guy writes a 100% true post
>deluded cryptocucks first response is to call him retarded

brave as in the browser?

are you retarded

difference being that third world currencies trend downards, and BTC trends upwards