Apropos of nothing: people have this perception that it is stupid, unsophisticated amateurs who lose money to scams and manias. Not true.https://twitter.com/semil/status/892163113159544832 …
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The technology is fascinating, too, in the same way that building a CPU out of redstone and then hooking it up to a REST API is fascinating.
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But it's the memeplex, the self-organizing boiler room, that is the triumphant achievement of the industry. And it's got nothing else.
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Patrick, I think you are being unfair to crypto coins. There are fundamental reasons for BTC's rise. Background: https://www.chrisstucchio.com/blog/2014/demand_for_bitcoins.html … 1/
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Key formula comes from the Baumol-Tobin model of monetary demand: BTC/USD = O(sqrt(transaction cost x BTC economy size)). 2/
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1) Crypto can and does work well for transactions if you are worried about privacy and government confiscation. Your employer would....
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2) willingly help the government for any reason they may ask. Privacy is king. It's what attracts those in corrupt countries to Crypto.
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Poorly not. Not forever. Technology gets better :)
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Completely, all of this is a very weird tech demo that will be adopted because fashion not need. I think you could do better centralised.
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CC allows for new types of payments not possible before. Also, not clear the goal is "transaction processing".
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you don't say what attributes of CC you think are poor, so I can't directly argue against any points
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