Crypto Predictions

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

Well at least you're doing your part.

computerchip

@guyinpv said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

Well at least you're doing your part.

The original crypto is not even 10 years old, man, so you got out right as it was getting started?

computerchip

@scottalanmiller

@scottalanmiller said in Crypto Predictions:

https://www.ccn.com/south-korean-top-crypto-official-dies-amid-mounting-regulatory-pressure/

Interesting quote from the article: "He passed away while he was sleeping and [his] heart [had] already stopped beating when he was found dead.”

It's always rough when you find them dead while their heart is still beating...

Spiral

My question with it, is the reliability of long-term storage of value in current cryptography. As others have alluded to, the future is uncertain pertaining to computational complexity theory. It would seem reasonable, that current “NP-complete” type problems will be solvable in polynomial time at some time in the future. Which means current cryptography does not work anymore. Then, what happens to the stored value, when denominated and validated in a computation which is has lost its previous inherent strength.

For transactional systems, this is not a big deal, because you would just update to the latest crypto standard moving forward with new transactions.

Spiral

Youtube Video

IRJ

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

bahaha!

Can you send me some doggcoin?

RojoLoco

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

bahaha!

Can you send me some doggcoin?

Is that Snoop's cryptocurrency?

scottalanmiller

@rojoloco said in Crypto Predictions:

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

bahaha!

Can you send me some doggcoin?

Is that Snoop's cryptocurrency?

That's wha tthey use in Bogata, Romania

IRJ

@rojoloco said in Crypto Predictions:

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

bahaha!

Can you send me some doggcoin?

Is that Snoop's cryptocurrency?

No, that's dawg coin.

IRJ

@scottalanmiller said in Crypto Predictions:

@rojoloco said in Crypto Predictions:

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

bahaha!

Can you send me some doggcoin?

Is that Snoop's cryptocurrency?

That's wha tthey use in Bogata, Romania

Dogecoin is actually a really nice coin for small transactions. The fees are very minimal even compared to litecoin.

computerchip

@irj

@irj said in Crypto Predictions:

@scottalanmiller said in Crypto Predictions:

@rojoloco said in Crypto Predictions:

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

bahaha!

Can you send me some doggcoin?

Is that Snoop's cryptocurrency?

That's wha tthey use in Bogata, Romania

Dogecoin is actually a really nice coin for small transactions. The fees are very minimal even compared to litecoin.

I was able to put the down payment on our new house last year because of an investment in Dogecoin.

IRJ

@computerchip said in Crypto Predictions:

@irj

@irj said in Crypto Predictions:

@scottalanmiller said in Crypto Predictions:

@rojoloco said in Crypto Predictions:

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

bahaha!

Can you send me some doggcoin?

Is that Snoop's cryptocurrency?

That's wha tthey use in Bogata, Romania

Dogecoin is actually a really nice coin for small transactions. The fees are very minimal even compared to litecoin.

I was able to put the down payment on our new house last year because of an investment in Dogecoin.

But dogecoin/bitcoin is fake money....

computerchip

@irj

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@irj

@irj said in Crypto Predictions:

@scottalanmiller said in Crypto Predictions:

@rojoloco said in Crypto Predictions:

@irj said in Crypto Predictions:

@computerchip said in Crypto Predictions:

@guyinpv said in Crypto Predictions:

My knowledge of crypto is out of date by about 10 years. I used to mine when it pretty much only BTC, then I got into LiteCoin and DoggCoin etc.

When my wallet became like a full gigabyte and I wanted a little processing power for myself, I kinda fell out of it.

Now there are 1700 crypto coins and I don't have a clue what makes one "better" or "worse" than another. They are all just blockchain right? Or wallet services? Or fancy programs and apps that surround it?

Why are there 1700 cryptocoins? What is still being discovered that makes one or another better? A cuter mascot?

How are they solving some of the inherent problems with it? For example theft or wallets being lost or stolen? Those coins are just gone forever, never to be back in the market? This seems to me like a currency with an absolute max number of coins (and ability to lose them is not uncommon), available coins will simply dwindle over time.

Is the problem of humongous wallets and processing power needed, solved? I don't want to lug around 10GB of the world's daily transactions on my computer all the time, or forget to open an app and have to wait 3 days for it to catch up with updates.

With a decentralized nature of these systems, who do you complain to about bad transactions? Is there a refund system like credit cards have chargebacks? If someone steals from you can you complain to someone and get it back? Didn't used to be able to.

Like I said, my knowledge is about 10 years old. I need a refresher and understand why so many, what are the real differences, what makes one better than another, how are wallets and security handled now?

And I'm supposed to be a nerd and I can't keep on top of this. What are the chances the general public are ever going to care to learn or use it or anything else? Why I get change back from a store, I get dimes and nickles and dollars. I don't get a choice of 82 different currency variations with all different exchange rates.
I don't see adoption happening until people can say, here, THIS one is "cryptocurrency". Try it. Not 862 variations, no doubt created by people hoping to win the lottery, take a bunch of coins early, hope it goes well so they can cash out later. I don't know.

I stopped reading after you said your knowledge of crypto was 10 years outdated and when you said doggcoin.

bahaha!

Can you send me some doggcoin?

Is that Snoop's cryptocurrency?

That's wha tthey use in Bogata, Romania

Dogecoin is actually a really nice coin for small transactions. The fees are very minimal even compared to litecoin.

I was able to put the down payment on our new house last year because of an investment in Dogecoin.

But dogecoin/bitcoin is fake money....

TIL I used fake money to put a large down payment on a new house. :money-mouth_face: :face_with_stuck-out_tongue_winking_eye:

R3dPand4

@computerchip said in Crypto Predictions:

@r3dpand4 I sent my prediction to a peer who has also been in crypto for several years, he agrees with me. Now it's been peer reviewed.

Looks like you nailed it......

momurda

Looks like I am not the only one.
https://arstechnica.com/tech-policy/2018/02/bill-gates-says-cryptocurrencies-have-caused-deaths-in-a-fairly-direct-way/