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/biz/ - Business & Finance

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5989429 No.5989429 [Reply] [Original]

>stop buying crypto, goys
>buy a stock index fund at ATH with a schiller p/e of 33x
>buy AAA corporate bonds at 3.5%

>> No.5989596

>>5989429
In the future, the Dow Jones Industrial Average will be measured in satoshis

>> No.5989677

>>5989596
boomers need eventually to flip the assets in their 401ks to millennials to fund their retirement. that is the true ponzi scheme.

>> No.5989729

>>5989429
hes not wrong

>> No.5989905

kike or not, he's right man. this gravytrain will not last forever. i think there's still room for growth, but these gains are definitely NOT sustainable.

>> No.5990006

>Boomers starting to worry that their retirement funds won't get propped up by millenials who are more interested in crypto
>Start fudding the shit out of crypto

>> No.5990036

on the other hand boomers could buy a big house for a normal(let's say teacher or industrial worker) salary in the 1960s, then invest in american tech and medical stocks in the 1980s... not like they are poor

>> No.5990064

>>5990006
even worse for the boomers, crypto eventually could start cannibalizing funds that otherwise would have been invested in stocks

>> No.5990079

>>5989429
Lmao, the stock market is in a bubble, and when it pops cryptos are going to fucking skyrocket.

We're all gonna make it boys.

>> No.5990085

>>5989905
they absolutely are. Crypto is tiny right now. It will be a global phenomenon. Until we have channels on Fox Business dedicated to crypto markets, the gains will not be slowing down

>> No.5990159

>>5990079
Why on earth would cryptos flourish when traditional companies go bankrupt

>> No.5990233

>>5990006
Unironically this

>> No.5990236

>>5989905
That's why you push it as hard as possible and set yourself up for a long time.

I made 20k into 100k from just three months and no the bubble isn't popping right now, when Binance isn't accepting newfags because of so much demand. It's just getting started.

>> No.5990279

>>5990159
Because people won't want to put their money in a dying system and see this new market that is emerging

>> No.5990306

I fucking would if I had big boy money, but with chump change you wouldn't be able to even generate enough money per months for literally anything.

>> No.5990325

>>5990085
There is literally a section of CNBC called CNBC crypto that just does that

>> No.5990431

>>5990085
What? Literally everone in the developed world has heard of it at this point. And still no one is for anything other than buying it in the hope to sell it to a bigger fool later for a larger amount of fiat.

>> No.5990451

>>5989429
I have invested in the stockmarket and its fucking trash.

Not because of the lack of or slowness of gains but because the stockmarket is trash.

Flat rates, minimum deposits of 25,000 to trade more than 4 times a week.

In the stockmarket, the rich are not allowed to fail and the poor are not allowed to succeed. In crypto the rich and poor are allowed to succeed and fail.

>> No.5990474

>>5990431
>>5990325
stay delusional. Blockchain is the next electricity.

>> No.5990483

>>5990431
*using it

>> No.5990490

>>5989596
holy shit this is gonna be the ultimate flippening.

>> No.5990506

>>5990431
The average person has no idea what ethereum is or anything else beyond Bitcoin for that matter. Maybe they've heard of ripple but they will be hard pressed to actually tell you anything about it. Forget about all the promising DApp tech coming out.

>> No.5990522
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5990522

Probably best thing about crypto markets is that they will force eventually stocks, commodities and forex to trade too 24h7 with no holiday breaks. That is much better for traders and markets overall

>> No.5990529

>>5990474
What's its use then other than a pyramid scheme?

>> No.5990533

>>5990431
speak for yourself faggot, the only purpose of fiat is to buy more bitcoin.

>> No.5990587

>>5990506
>but they will be hard pressed to actually tell you anything about it
So what? The same is true for the people investing in it.

>> No.5990634
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5990634

>>5990085
Lmao you are so deluded, everybody is talking about it and even boomers are buying. Coinbase was the most downloaded app one week on appstore.

>> No.5990659

>>5990533
The purpose of fiat is efficient transactions. Crypto cannot have efficient transactions by design.

>> No.5990673

>>5989429

>2017+6
>Taking advice from boomers

lol I hope those old shitters enjoyed the ride because now we are taking over and making a u turn that will throw every uppity boomer outside the carriage.

>> No.5990687

>>5990529
umm sweaty its' called decentralizaation, maybe you should google it.

>> No.5990765

>>5990687
Decentralization is not a "use" idiot.

>> No.5990768

>>5990529
you clearly dont understand the technologic leap that a decentralized blockchain brings to the table

>> No.5990803

>>5990431
lol, some normies have invested 150 bucks to see what happens.......way more to go

>> No.5990840
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5990840

>>5990659
>Crypto cannot have efficient transactions by design.

>> No.5990844

>>5989905
Here's what you're missing: it's NOT sustainable by the fragmented, isolated, and bordered margins we compare it to. Its not out fault we do this because we have nothing else to go off of. And by all means, compared to traditional markets, COMPARED TO WHAT WE KNOW no it absolutely is not sustainable while they might trade in respect to one another, they are still cogs rolling within their own segregated machines...

Crypto is a warm, fucking blanket falling over the whole 10-20 individual machines running the world today. It's entirely global. There's no borders here. There are not special times. Or dates, holidays, anything to close off of. It's global, let that sink in... globally, 365-24/7. THAT. is what we crave as the whole human race. The internet exposed our commonality.

If you're American, European, Chinese, Japanese, and all the other races, you've been exposed to your own limitations via your nations GDP. Your business ventures, up until now have been solely funded by people of your own race. All the metrics are based off America exclusively, China exclusively, like drips of water falling into separate buckets. Imagine dumping all those individual buckets into a pool and started pumping a hose into it, THAT's what is growing right before our eyes. The fear-mongering that runs rampant over the idea of crypto stems from DECADES of mistrust between nations. All the wars fought between each other for valuable resources, all the lives lost, the mistakes, the tragedies... it makes it hard to trust someone living on the otherside of the planet when their ancestors tried to eradicate your bloodline. But, yet again, the internet has exposed those prerogatives to be government driven agendas. And we as a human race, think its total fucking bullshit. We're wising up to the fact that we don't need to be governed the way society has BEEN telling us for centuries.

So for you to say it is NOT sustainable, is pretty fucking ignorant

>> No.5990870

>>5990765
look at FUN. there's a use. Look at BRAVE. there's a use. Look at Monero. There's a use.

Think about it. AI on the blockchain. Imagine. Elon Musk. Just think big, dude

>> No.5990871

>>5990768
So you can't name a single use?
I agree the technology is somewhat nifty in a theoretical sense, but what is it actually good for in practice?

>> No.5990884
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5990884

>>5990687
> sweaty used where sweety is normally used

lol

>> No.5990920

>>5989596
You misspelled gwei

>> No.5990943

>>5990840
Proof of work is inefficient by nature.
Proof of stake is proven not to work.
If it's not decentralized it has no advantage when used as a currency compared to fiat.

>> No.5990944

>>5990844
lol tl;dr

>> No.5990980

>>5989905
>these gains are definitely NOT sustainable™
>Copyright © 2016-2018. All Rights Reserved.

>> No.5991023

>>5990870
Maybe you should open a dictionary and look up the definition of the word "use".

Here's an example of a use: illegal transactions on the black market
This is literally the only use of it so far and it has very obvious limitations/risks.

>> No.5991040

>>5989429
>future traditional markets investing
Kek

>> No.5991071

>>5990871
automation of trustless systems:
voting, e-government, complete automation of accounting and banking, money, IT service barter, IT delivery automation

>> No.5991106

>>5990871
we are able to decentralize anything (information, decision making, data, etc) without needing to trust anyone

it solves the byzantine general problem
(not sure if youre into computer science, but trust me this is groundbreaking)

>> No.5991116

>>5990943
>Proof of stake is proven not to work.
Source?

>> No.5991119

>>5990871
LITERALLY anything where a single source of truth is required that is currently entrusted to a single (thus corruptable) entity.

The blockchain means the end of corruption.

>> No.5991151

>>5990943

and DPoS?

And Tangle crypto is still in its early days aswell.

>> No.5991159

>>5991023
Crypto is a more efficient stock market. ICOs make it easier for any company to gain equity. Cryptos makes it far more easy for dividend payments. I fully expect to see crypto replace the traditional Wall Street NASDAQ style exchanges for this reason.

With that said, does this mean BTC or ETH's valuations are correct? Or that they will last into the future and become Facebook rather than dye out like MySpace? Not sure.

>> No.5991163

>>5989905
>sustainable
You realize how young this market is? Maybe it won't be sustainable if this shit happened in a 5 trillion dollar market, but right now this shit is going to go for 3 years before shit starts erupting.

>> No.5991168

>>5990844
dubs confirm truth
Bloomberg still fudding hard, "the future of money is over"

>> No.5991241

>>5991071
>>5991106
For most of that it isn't practical because of >>5990943
but you have to be more specific as to how you would actually use it

>> No.5991264
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5991264

>>5990840
Why are you here arguing if you don't even know the absolute basics of how bitcoin works. Leave now and never return you disgustingly retarded piece of shit newfag.

Yes I'm mad.

>> No.5991266

>>5989429
Hasn't the penny stock market been doing exactly what the altcoin market is doing for decades?

>> No.5991274

>>5990064
nah, wealth is wealth. Companies that make it here will become publicly traded companies, and smart wealthy millennials will wake up--probably after a good scare--and look for less riskier investments. Big banks and insurance companies will make money from all of this, which will help boomers retire without pain. The only people who will be disappointed are the revolutionaries, just like the .com boom. There will also, of course, be losers--maybe companies like pay pal or credit card companies that don't adapt etc.

>> No.5991281

>>5990844
No reason to go on marxist rant buddy.

>> No.5991353

>>5990943
>what is XLM
>what is dPOS cryptos
kys your shelf

>> No.5991363

>>5990529
Cutting the middle-man, bringing a revolution commerce and finance, killing central banks.

>> No.5991370

>>5991023
FUN: Gambling online with guaranteed fair rules
Brave: advertising without being gouged by a middleman

>> No.5991375

>>5990474
stay delusional. Blockchain is the next electricity.
this is adorbs

>> No.5991384

>>5991241
me and the other anon tried really hard to explain it to you

do your own research, really
we are not here to spoonfeed you

>> No.5991426

>>5990844
Good read. Crypto is like /pol/. Natural Globalism coming to a head in the form of a swath of people trying to fuck each other over endlessly. Harmony.

>> No.5991459

>>5991375
>can't even greentext
>"adorbs"
pls go grandma

>> No.5991467

>>5991151
If trusted systems are trains and PoS systems are cars, dPoS systems are cars on rails (i.e. fucking retarded).

>> No.5991501

>>5991116
Without checkpoints it's vulnerable to forking, with checkpoints it's not decentralized.

>> No.5991521

>>5990529
philosophical:
- being able to own your money in a digital form. when it's in a bank you can't be certain you can get it out

practical:
- being able to control your money freely by yourself without outside regulation
- moving money in seconds between two entities that don't trust each other - the elimination of trust enables transactions to happen faster when no escrow is needed and no multiple middle men are needed like for SWIFT transactions

>> No.5991553

>>5991151
>And Tangle crypto is still in its early days aswell.
Isn't tangle just proof of work? Distributed ledger has nothing to do with this issue.

>> No.5991580

>>5989429
Goddamn right
Returns in x- so comfy
muh heres your 5% per year with 8% inflation and 20% tax, great investment, celebrate goy

>> No.5991608

>>5990844
Turned $1000 into $1M

What's my next stop?

>> No.5991626

>>5991241
for most of these uses transaction speed is irrelevant, it's really only a problem for usage as a currency and even then only for micropayments.

Hopefully you understand how voting would work.

For banking and accounting it simply eliminates the need in millions of middlemen if your information if verifiable.

For IT systems - client creates a specification for a product and acceptance tests. Any developer can take the job, deliver a product. And if that product passes all the tests - contract is executed and developer gets paid automatically.

>> No.5991632

>>5991521
>- being able to own your money in a digital form. when it's in a bank you can't be certain you can get it out
What about like EMP or some shit that destroys all information? Crypto cucks BTFO

>> No.5991636

>>5990529
It is truly the next industrial revolution, you want to think it isn't sustainable, I agree but we are nowhere near the peak. Everyone is starting to hear of it but no one has easy access of getting their money in yet.Do you know how many people ask my how to get their money in to an exchange when they hear I have some knowledge of cryptos? It's all coming, we aren't the early adopters or smart money but we are somewhere between that and the pre public phase.

>> No.5991649
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5991649

>>5991023
get a load of this guy

>> No.5991693

>>5991163
@ current growth rates we'll be @6T USD total market cap in like 2 months dude

currently @1T including all coins minted, not just in circulation

get fucking real

>> No.5991718

>>5991608
kill yourself :(
i dont have any money it's not fair. I'm too stupid to accomplish anything.

>> No.5991725

>>5991159
>ICOs make it easier for any company to gain equity.
Lol, yeah, it's easy to gain capital by printing money if people are stupid enough to buy it, but that's because of the current speculative insanity and has nothing to do with crypto inherently.
Crypto is not a substitute for shares because it doesn't confer any of the rights of shares (dividend rights, voting rights), and if a company makes an ico you're not actually investing in the company by buying the coins because there is no reason for the value of the coins to be linked to the company's success.

>Cryptos makes it far more easy for dividend payments.
Crypto has inherently extremely inefficient transactions. How does that make dividend payments easier?

>> No.5991752

>>5991632
If an EMP large enough to take out the entire power grid happened you'd have much bigger problems to worry about than money and crypto. Brainlet.

>> No.5991753

>>5991693
Sounds good, if I 6x my money in 2 months I'll be pulling out anyways and moving to an island.

>> No.5991786

>>5991626
>Hopefully you understand how voting would work.
Not really. Are you suggesting to use proof of work to secure voting? Say hello to your chinese overlords then.

>> No.5991794

>>5991632
EMP where? In the whole world at the same time, retard?

Anything that can kill crypto has to be so disruptive that not having money would be the least of your conserns. You'd probably be busy barricading your doors and building some weapons.

>> No.5991872

>>5991632
that is why you have a paper wallet.

>> No.5991873

>>5991501
you do sound like you (((know your shit))), so your criticisms seem justified.

However, you should look into what XLM is doing. It uses a novel FBA algorithm for fast and decentralized consensus and uses a acount-balance-based data structure instead of a blockchain. The upside? The "blocktimes" are 2 - 10 seconds, and there's no classic blockchain scalability problem. I think other cryptos are doing it wrong right now and fully expect to see a switch to this system sooner or later.

>> No.5991884

>>5990659
What is xlm

>> No.5991900

>>5991786
Everyone is issued a token by the government. When you need to vote you spend one.

What proof of work has to do with anything here?

>> No.5991984

>>5989905
>implying any of us should need to still make gains by 2019
In this market every need should have a retirement fund and a lambo for every day of the week. We've got a year till the jew destroys crypto. Get it done.

>> No.5992002

>>5991163

Most people incorrectly saying it's unsustainable are actually referring to the massive shitcoin bubble

Way too many worthless cryptos with manipulated market caps inti the billions, and no product, are flooding the crypto market.

Everything you see on biz right now is a shitcoin that needs to go away, including bitcoin, before a real crypto market can be implemented worldwide.

The market is still too young, and as a result, it's full of scams and poojets. No one cares about the crypto and just wants to hold until they can cash out to fiat, because that's really all there is to it right now

>> No.5992020

>>5991626
>For banking and accounting it simply eliminates the need in millions of middlemen if your information if verifiable.
And it makes you pay through your nose for fees. Millions of middlemen? Most of it is already automated anyway and much more efficiently than crypto could ever get.

>For IT systems - client creates a specification for a product and acceptance tests. Any developer can take the job, deliver a product. And if that product passes all the tests - contract is executed and developer gets paid automatically.

That's funny, I work as a software developer and clients couldn't produce a useful specification if their life depended on it. That's why everyone's moving to agile and away from waterfall.

>> No.5992039

>>5991693
Well another thing is that that's a pretty conservative cap, since Crypto allows the common person to invest quite easily compared to like FOREX. I didn't run the numbers but I'm sure it's a big buffer for us.
>>5992002
It's altcoin season, lots of vets make threads about this and even hedge fund managers into crypto state that it's just the season for this crap.

>> No.5992055

>>5991608
Turn 1m in to $1000.

>> No.5992092

>>5992055
>buy high sell low the climax

>> No.5992097

>>5991900
What does this have to do with blockchain technology then?

>> No.5992100

>>5989905
>A global market
>That anyone with an internet connection can access

$800B is nothing.

>> No.5992152

>>5991884
How does xml solve the problem of decentralization without the inefficiency of proof of work while remaining secure? (it doesn't)

>> No.5992183

>>5990159
Because that is the reason they came up in the first place
Traditional companies sell you the top of pump, if you are good goy

>> No.5992240

I feel bad. My little brother sacrifices a lot to max out his 401k and other retirement accounts. He wants to retire at 35 and is saving to do so.

I've been telling him to buy Bitcoin since June but he says he doesn't have any money, he has a plan he is sticking to to retire.

Retiring early and his 401k is all he has, and he has given up so much to get there. I honestly believe crypto is the future and might collapse this whole thing.

He told me to buy some Ripple at $1 and I laughed cause it's a shitcoin. I think I might give him 100 Ripple or so to try and get him interested.

>> No.5992257

>>5992152
How can a text file format solve that?

>> No.5992285

>>5990871
Putting your faggot ass out of work for one

>> No.5992295

>>5992020
>And it makes you pay through your nose for fees
You're equating BTC with crypto again. Seriously, read some of my fucking posts

>>5992152
As a dev you should be able to tell XML from XLM

Who said POW is needed? XLM holds a BFT vote to achieve consensus on how to update ledger balances. When consensus is reached, every node stores a copy of the agreed-upon ledger. Boom, decentralized.

>> No.5992332

>>5992240
>I think I might give him 100 Ripple or so to try and get him interested.

Would be a good brotherly thing to do.

>> No.5992356

>>5992257
I think he means only one person can edit the file so it's too centralized.

PUT THE XML INTO A GOOGLE WORD FILE AND SHARE IT. Everyone can edit it so the information is decentralized. You can even troll them by naming yourself as anonymous and shitposting in the file.

>> No.5992397

Join and win BIG weekly rewards up to 500$. Take part in pumps and instantly gain up to 40%''

https://discord dot gg/6ddqFHd

>> No.5992421

>>5992152
>>5992295
>As a dev you should be able to tell XML from XLM
Wow yeah I made an obvious typo on 4chan, hang me.

>>5992295
>You're equating BTC with crypto again. Seriously, read some of my fucking posts
I already explained why every crypto has this problem. If they don't have expensive transactions they're either not secure or not decentralized (or you just don't notice it yet because of a speculative bubble).

>> No.5992431

>>5990159
The ability to fail is the reason it will.

That is the reason the crypto market recovers in days to weeks and the stockmarket takes years to decades to recover.

Therse no brakes on the train, it can crash to 50% in an hour and soar back 90% of that in minutes. The stockmarket has protections in place to make sure the rich stay rich, which means its not allowed to fail and in order to fail you must fight against those protections, which slows it to a turtles pace. Which prolongs the suffering.

When the stockmarket finally crashes, the coin market will crash as well but it will bounce back within a week and new money will flow in to it.

>> No.5992471

>>5990844
I'm still a white nationalist tho

>> No.5992592

>>5992421
>I already explained why every crypto has this problem.
Then you are talking out of your ass without understanding the subject.

>If they don't have expensive transactions they're either not secure or not decentralized (or you just don't notice it yet because of a speculative bubble).
Just false. If some value is copied and stored into multiple places, it's decentralized. You DO NOT need to do POW for that. POW is there only to prevent sybil attacks, and it's a shitty-ass solution. However, if you only communicate with a known set of nodes, you don't have to worry about sybil attacks. You can simply hold a vote and see what the consensus is. When all valid nodes are in agreement and write the same value, you have achieved decentralization. Please tell me how the same value stored in multiple places is not decentralized?

>> No.5992594

>>5990844
All wars are banker wars since the 1700s

>> No.5992598

Lol fuck this guy

I've made more money from the $200 I put into cryptos a month ago than the 30k Ive had in index funds for a year

All the traditional markets are rigged for rich Jews, crypto is a market where the little guy can actually win

>> No.5992685

>>5992002
that's because people take marcetcap literally.

If I make a 100% premined coin with supply of 1000000 and sell one for 10$. Technically marcetcap of all my coins would be $10 mil.

It's a bullshit measure and should only be used for a rough comparison.

>> No.5992706

>>5992592
>>5992421
XLM isn't the only crypto relying on FBA by the way, but it's the most decentralized of them all. XRP is rather decentralized as well in practice. NEO is currently on its way to decentralization, I hear.

These cryptos relying on FBA are the future. The rest using wasteful and centralization-inducing PO* protocols are shit.

>> No.5992716

>>5992685

How can you tell how much money is actually in the space then?

Is there a place where you can see how much is in wallets, or would looking at 24hr volume be better?

>> No.5992794
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5992794

>> No.5992799

>>5989677
>>5990006

new to finances and crypto and all, how do boomers get millennials to fund their retirement? i though 401ks took money out of your paycheck and saved it for later?

>> No.5993025

>>5992716
it's easy. You can't, especially considering the fact that you can sell for cash, ignoring exchanges altogether.

>> No.5993051

>>5992592
>If some value is copied and stored into multiple places, it's decentralized.
Lol yeah if you make up some random definition of decentralized that has nothing to do with the purpose of decentralization with regard to crypto (making sure no single entity has too much control over it).
>>5992592
>However, if you only communicate with a known set of nodes
For what purpose, inhowfar are you still talking about blockchain technology?

>> No.5993205

>>5990844
gay nerd alert

>> No.5993245

>>5993051
>Lol yeah if you make up some random definition of decentralized that has nothing to do with the purpose of decentralization with regard to crypto (making sure no single entity has too much control over it).
What? Decentralization is avoiding a single point of control and failure. If several nodes work in unison to verify a transaction, then they all store it in their identical ledgers, you have a decentralized ledger. Anybody can fetch the ledger data and verify it with multiple nodes. It sure as hell is decentralized. And notice how no POW was necessary. This is basically because storing the ledger is way simpler and smarter than storing an ever-growing list of transactions. KISS

>For what purpose, inhowfar are you still talking about blockchain technology?
I don't even understand what this sentence means

>> No.5993398

>come home from my coworkers wife's birthday party last night and jump on Xbox
>One of my best friends talks about his $15 gain off his etf and how it will be big one day
>Tell him about how 3 shitcoins I flipped went from $100 to $500
>"Anon I don't believe it how do you get into that game ?"

I can't look at stock gains the same way anymore.

>> No.5993497

>>5991119

Is this the end of world jewish despotism?

>> No.5993529

>>5992706
What is FBA?

>> No.5993558

>>5993529
federated Byzantine agreement

>> No.5993574

>>5992799
Eventually boomers will need to sell down their portfolio for cash. Who do you think will they expect to buy it?

>> No.5993618

>>5993497
No wonder crypto is getting so much fud.

>> No.5993626

>>5992240
I gave my best friend from high school that had a bit of a falling out with me over my politics some ETH to get started with. It kind of broke his brain a bit because he was programmed to see me as the devil, and I did it for him when he was barely speaking to me.

It sounds like a cucky thing to do, but he seems to be genuinely thankful, and now we're both making gains.

>> No.5993633

>>5993558
Ty. Is the stellar wp the best place to study up?

>> No.5993671

>>5993245
>Decentralization is avoiding a single point of control and failure.
Yeah, that's what I said. What you said before is "hurr some value is copied to multiple nodes so it's decentralized"

>>5993245
>I don't even understand what this sentence means
It seems you're no longer talking about blockchain/similar technology. Having to trust nodes? lol

>> No.5993677

>>5990079
When the market turns, I think you are going to see the tide roll out on crypto as people will get concerned about having real fiat cash on hand rather than having emoney. The smart invest who is liquid at the time if the market correct will be able to buy up a lot of crypto and stocks when they are down, that's why I'm slowly building up my cash reserve right now

>> No.5993738

>>5993633
Actually yes, if you are interested it explains the concept pretty well in the first few pages. There's also a really good video on Youtube by the author explaining it verbally. Wikipedia is also a really good read when you see unfamiliar terms

>> No.5993751

>>5992002
shit like this is the reason why normies aren't allowed in venture capitalism.

not because "muh gotta keep the poor down," but because normies are fucking intolerable, whiny, and short sighted. yeah there's no product, shut the fuck about your stupid bubble and overevaluation and wait 5 years like the rest of us. you never hear venture capitalists complaining about this stuff.

>> No.5993839

>>5993671
>What you said before is "hurr some value is copied to multiple nodes so it's decentralized"
Yes, it quite literally is decentralized. Why do you think BTC is called decentralized? Hint: it's because every full node contains a copy of the blockchain. What the fuck else do you thin decentralization requires?

>Having to trust nodes
Obviously you have to trust the majority of nodes not to lie to you. How could you retain a valid ledger if every node was malicious? Are you sure you are a dev?

>> No.5994174

>>5993671
Is this bait? I can't tell

>> No.5994262

>>5993751
you obviously never worked for a vc

>> No.5994286

>>5993839
>Yes, it quite literally is decentralized. Why do you think BTC is called decentralized? Hint: it's because every full node contains a copy of the blockchain. What the fuck else do you thin decentralization requires?
The point is it has to apply to the whole protocol, not "hurr some value".

>>5993839
>Obviously you have to trust the majority of nodes not to lie to you. How could you retain a valid ledger if every node was malicious? Are you sure you are a dev?
Not in this way. You trust that the majority of (e.g. computing power or something depending on the protocol) is not malicious, but you don't trust specific nodes.

>> No.5994332

>>5993751
This.

You have to remember though that most startups fail as will most cryptos. However, if you want to VC gains you have to get in on the ground floor and with cryptos it's a 10000 times better because you can simply flip it unlike VCs , they have to ride out their investment to the bitter end.

>> No.5994335

>>5990634
You're the same fucker posting this same image with the same comment in every damned thread.

>> No.5994426

>>5989596

amen

>> No.5994540

Btcoin will be million in 2020

Everybody who thinks otherwise is a deluded nostalgia driven clingey faggot

>> No.5994668

>>5992799
401ks money is invested into stocks to offset inflation and get a moderate profit throughout time.

When boomers want to cashout they expected someone to buy those stocks for a much higher price and then they hold on to them the same way to sell to the next generation.

With less young people buying traditional stocks the less capital there is to cash out on for boomers, eventually this ponzi scheme will come down crumbling.

This is also why Europe and United States is trying to import as many people as they can since their natural population can't support this ponzi scheme. Gotta keep it going as long as they can.

>> No.5994742

>>5994286
>the whole protocol
Which is...? If I store my backups in multiple sites I've decentralized them. It's nothing more complicated at core, and BTC is doing it wrong by turning it into the mess it is.

> You trust that the majority of (e.g. computing power or something depending on the protocol) is not malicious
How is this different from trusting the majority of nodes not to be malicious? In fact, evaluating consensus per node is LESS centralized since no node can grab more voting power just because it has more POW backing it.

>> No.5994850

>>5994668
Which is interesting because these immigrants aren't even going to be paying in until the boomers are dead. Boomers were a mistake, we should have made the generation which fought in WW2 immortal.

>> No.5994857

>>5994668
>When boomers want to cashout they expected someone to buy those stocks for a much higher price and then they hold on to them the same way to sell to the next generation.
>With less young people buying traditional stocks the less capital there is to cash out on for boomers, eventually this ponzi scheme will come down crumbling.
Exactly. And they say crypto is a ponzi, kek.

Stocks are worthless, aside from the speculation. "You own a share of the company" - no you don't, unless you're a whale.

Cryptos, on the other hand, have inherent functionality and value. If some company made a worthless crypto just to fund itself and was clear about that, we wouldn't buy it because it would have no inherent value. But if said company makes stocks, boomers will suck it up, even though they're just as worthless as cryptos with no utility.

>> No.5994912
File: 402 KB, 641x480, nty.png [View same] [iqdb] [saucenao] [google]
5994912

>>5989429
>going back to a snails gains market with no 24/7 capability

>> No.5994993

>>5994742
>Which is...? If I store my backups in multiple sites I've decentralized them. It's nothing more complicated at core, and BTC is doing it wrong by turning it into the mess it is.
No, you've distributed them which is different from decentralization.

>>5994742
>How is this different from trusting the majority of nodes not to be malicious? In fact, evaluating consensus per node is LESS centralized since no node can grab more voting power just because it has more POW backing it.
So you're talking about proof of stake now? The problem there is anyone can fork it from the inception if you don't have checkpoints which brings you back to a centralized scheme.
Before you were talking about trusting specific nodes though, which is different from trusting that half of all nodes aren't malicious.

>> No.5995256

>>5994857
>stocks are worthless

You're an idiot

>Cryptos, on the other hand, have inherent functionality and value

So some poorly written code that has no business case is worth more than ownership of a company that is generating cash flow for it's investors? Wtf? 99% of these cryptos have zero business use

> If some company made a worthless crypto just to fund itself and was clear about that, we wouldn't buy it because it would have no inherent value

This is literally every crypto, get a fucking grip dude

>> No.5995304

>>5994993
>No, you've distributed them which is different from decentralization.
Please do point out something concrete I'm missing instead of this hand-waving. Distribution is dividing something into multiple sites, decentralization is copying something into multiple sites.
> So you're talking about proof of stake now
No, I'm still talking about Byzantine agreement.

> The problem there is anyone can fork it from the inception if you don't have checkpoints which brings you back to a centralized scheme
I've not read up on this, but why's forking a problem? Anyone can fork POW chains just as well. They just aren't going to be accepted by the majority.

> Before you were talking about trusting specific The "specific nodes" refers to the validator nodes of the network. Same as BTC, but validators know each other's identities so that no imposers can join multiple times. Nodes might not share the same sets of relationships, but they all are connected to a large enough slice of the network to participate in the global consensus. Much like POW, except you can choose to omit neighbor nodes or add your own ones.

>> No.5995460

>>5995304
>Please do point out something concrete I'm missing instead of this hand-waving. Distribution is dividing something into multiple sites, decentralization is copying something into multiple sites.
Decentralized schemes are a subset of distributed schemes with the special property that all nodes are equal (approximately sometimes in practice). For example, a master/slave architecture is distributed but not decentralized. A peer to peer architecture is decentralized (and distributed).

>> No.5995479

>>5995256
>You're an idiot
Fantastic argument, bought 100k

>So some poorly written code that has no business case is worth more than ownership of a company that is generating cash flow for it's investors? Wtf? 99% of these cryptos have zero business use
The instance of the currency created by the code is the worthwhile thing here. Just check XLM before you talk retarded shit about not business use. Besides, you're comparing companies to currencies. What business use does USD have? What's its product?

>This is literally every crypto, get a fucking grip dude
It literally is not. Some utility tokens maybe, but they're bought because the companies imply the tokens will have value


>>5995304
fix:
> Before you were talking about trusting specific nodes
The "specific nodes" refers to the validator nodes of the network. Same as BTC, but validators know each other's identities so that no imposers can join multiple times. Nodes might not share the same sets of relationships, but they all are connected to a large enough slice of the network to participate in the global consensus. Much like POW, except you can choose to omit neighbor nodes (if you think they are malicious for example) or add your own ones.

>> No.5995563

>>5990325
but no one watches CNBC

>> No.5995574

>>5990451
>what is robinhood

>> No.5995577

>>5995460
A distributed system is a model in which components located on networked computers communicate and coordinate their actions by passing messages.[1] The components interact with each other in order to achieve a common goal. Three significant characteristics of distributed systems are: concurrency of components, lack of a global clock, and independent failure of components.[1]

All nodes ARE equal when they store the same ledgers that they agreed upon, you massive idiot

>> No.5995641

>>5995304
>No, I'm still talking about Byzantine agreement.
But then we're talking about trusting specific nodes?

>I've not read up on this, but why's forking a problem? Anyone can fork POW chains just as well. They just aren't going to be accepted by the majority.
You can fork, but you're gonna need resources larger than those of the network to produce a longer chain. With proof of stake you can create a competitive chain much more easily because you can just give yourself 100% of the mining power.

>> No.5995695

>>5995304
>>5995641
www.truthcoin.info/blog/pow-cheapest/
www.truthcoin.info/blog/pow-and-mining/

here is the problem with PoS unless you have "trusted nodes"

>> No.5995729

>>5995577
>All nodes ARE equal when they store the same ledgers that they agreed upon, you massive idiot
What nodes? What protocol? I was only talking about your false definition of distributed.

>> No.5995748

>>5990522
do you really not understand why stocks have trading hours and forex doesnt? idiot

>> No.5995808

>>5989429
https://www.youtube.com/watch?v=TGwZVGKG30s

>> No.5995827
File: 229 KB, 1600x1065, cunt.jpg [View same] [iqdb] [saucenao] [google]
5995827

>>5990844
this is the gayest fucking drivel i've read here all week.

>> No.5995864

>>5995641
>But then we're talking about trusting specific nodes?
Yes? You can query every node of the network for consensus, but you can also omit any nodes or add new ones. Because you have a pre-defined list, nobody can come in and impersonate being multiple nodes, That's what POW was made to prevent, but it's shit at it, and it's much easier just to list the known nodes.

> What nodes? What protocol? I was only talking about your false definition of distributed.
Validator nodes, STILL FBA. I posted the definition from wikipedia (in case you didn't notice) and it's pretty much what I already told you.

>>5995695
> With proof of stake you can create a competitive chain much more easily because you can just give yourself 100% of the mining power.
Ah, I'm aware of this one (or at least aware of not understanding how POS is supposed to solve it). Didn't understand your talk about checkpoints.

>> No.5996018

>>5995479
There is no argument, that statement was beyond stupid

XLM is bullshit, so is XRP and all the others chasing that use case. You can have all the partners in the world but it doesn't mean shit if nobody actually uses it.

> Besides, you're comparing companies to currencies

Bud, your fucking post was debating this comparison, can you please figure yourself out before posting your shit on here

>What business use does USD have? What's its product?What business use does USD have? What's its product?

Is this a serious question? USD is a universally accepted medium of exchange with a steady value, making it an ideal store of value. USD IS the product issued by the US government, arguably the entity with the lowest risk of default in the world.

>It literally is not. Some utility tokens....blah blah blah i'm an idiot
It is all of them. The only crypto worth anything is that being developed for specific use cases under contracts from companies. This basement crypto nerd shit is a joke

>> No.5996120

>>5996018
>The only crypto worth anything is that being developed for specific use cases under contracts from companies. This basement crypto nerd shit is a joke
watch out for grin this year. i expect you will eat your words.

>> No.5996180

>>5996018
>There is no argument, that statement was beyond stupid
It was provocative, but it's true that stocks have no more claim for value than cryptos

>XLM is bullshit, so is XRP and all the others chasing that use case. You can have all the partners in the world but it doesn't mean shit if nobody actually uses it.
You just are wonderfully good at arguments.

>Bud, your fucking post was debating this comparison, can you please figure yourself out before posting your shit on here
That's exactly what I was NOT saying. We don't value cryptos by their companies. If we did, this would be an unregulated stock market.

>Is this a serious question? USD is a universally accepted medium of exchange with a steady value, making it an ideal store of value. USD IS the product issued by the US government, arguably the entity with the lowest risk of default in the world.
The same can go for any currency. You can't say cryptos may not have a similar status.

>It is all of them. The only crypto worth anything is that being developed for specific use cases under contracts from companies. This basement crypto nerd shit is a joke
Watch it, big boy

>> No.5996265

>>5995864
>Validator nodes, STILL FBA. I posted the definition from wikipedia (in case you didn't notice) and it's pretty much what I already told you.
Sure, I never claimed otherwise. This part of the discussion was just about the weird/wrong stuff you said about distributed systems
>>5995304
>Distribution is dividing something into multiple sites, decentralization is copying something into multiple sites.
wtf, complete nonsense

But yeah, the stellar consensus protocol is distributed. However, it is not "trustless" like other crypto which kinda defeats the point. Before you start again with "hurr you still have to trust in a way" just google trustless consensus

>> No.5996268

>>5995574
Only for us citizens, hardly open to all like crypto

>> No.5996434

>>5996265
>However, it is not "trustless"
It is trustless, because you don't trust a single central node. A consensus is made P2P. No node, no entity holds power over the validator network. Tell me, why is it not decentralized? Because it requires manual edit of the neighbor node lists instead of just blindly automatically accepting everybody who joins the network? Why would this make it not decentralized? Why bother going through the POW fiasco when you can prevent it by just keeping lists and not adding 1000 unknown nodes at once?

>> No.5996528

>>5996265
>just google trustless consensus
No results supporting your claim on a quick skim

>> No.5996639

>>5989429
yeah yeah, that's why we bought in you fatbodied fuck.

>> No.5996640

>>5996434
I told you, it IS decentralized, but it is NOT trustless. Trustless doesn't just mean that you don't trust a single central node, it means you don't trust any specific nodes.

Trustless consensus via POW was the big innovation of bitcoin. Too bad it's impractical due to the inherent inefficiency of POW. POS is an attempt to find an efficient alternative to POW for achieving trustless consensus, just unfortunately it doesn't work because you end up needing checkpoints that you have to trust.
XLM, well, it just abandons trustless consensus, so I don't know what the hell the point even is? Just another scam to profit from the crypto craze I guess.

>> No.5996697

>>5996528
jesus christ, literally the first result for me is an article explaining it: https://keepingstock.net/explaining-blockchain-how-proof-of-work-enables-trustless-consensus-2abed27f0845

>> No.5996776

>>5996180
Except that you have claim to a real asset, you do not have that with crypto

>You just are wonderfully good at arguments.
Prove me wrong bud, I've been doing due diligence on all Ripple's partnerships and I can't find anything more than fishing expeditions

>That's exactly what I was NOT saying...
You can spin it however you want, you're wrong either way. If I bought stock in a company developing a crypto, I have a claim to the technology they developed. So if they sell it off, I get my share after accounting for debts etc.... You do not have that right with cryptos.

>The same can go for any currency.
No it cannot, this is the point - USD is the bitcoin of fiats, everyone takes it. Even fucking Cuba recognizes and will conduct transactions in US dollars. Try the same with a Venezuelan bolivar, not going to happen.

>Watch it, big boy
"You just are wonderfully good at arguments."

>> No.5996918

>>5996640
You said it's distributed and previously said it's not decentralized. But fine, we can agree on it being decentralized.

Now, we can nitpick about what trustless really means.

>>5996697
A blog post not even directly saying what you are saying here? I understand the point you're making here, but I don't see why it's significant. Even with POW you have to trust not to have a majority of malicious nodes. With a neighbor list it's up to you not to add a huge amount of non-existent sybil attack nodes - which in real life is not a problem.

>> No.5996976

>>5996180

I agree with financefag >>5996776
Every crypto "utility" token token is a glorified Chick E. Cheese token. You get no right to equity (usually) so your only hope to make more money is if that token goes up in value. However if that token goes up In value, then it means something got more expensive for someone else which defeats the purpose of using the token. Or a competitor could copy the network with a cheaper token.

Right now crypto is kickstarter 2.0.

>> No.5997079

>>5996776
>Prove me wrong bud, I've been doing due diligence on all Ripple's partnerships and I can't find anything more than fishing expeditions
I see how you conveniently ignored Stellar's partnerships

>You can spin it however you want, you're wrong either way. If I bought stock in a company developing a crypto, I have a claim to the technology they developed. So if they sell it off, I get my share after accounting for debts etc.... You do not have that right with cryptos.
Kek, stop trying to dodge around. That's not the reason people buy stocks 99% of the time. Selling higher is the reason.

>No it cannot, this is the point - USD is the bitcoin of fiats, everyone takes it. Even fucking Cuba recognizes and will conduct transactions in US dollars. Try the same with a Venezuelan bolivar, not going to happen.
You're right. I guess currently cryptos are closer to Zimbabwean dollars. But they're making their way up and have nothing keeping them from doing that.

>"You just are wonderfully good at arguments."
I just presented XLM and XRP, neither basement projects

>> No.5997217

>>5996976
Yes, and I don't buy utility tokens honestly.

You could make the amount of tokens required for operations reduce when their price increases to preserve the same fiat cost at all times, but I'm pretty sure it would prevent the rise of the price of the tokens, effectively making them a worthless investment.

The only legit projects are those aiming to be currencies. XLM is the superior of the bunch, so naturally I'm in favor of it. It's the only crypto that offers a real tangible practical improvement over fiat, other than decentralization.

>> No.5997219
File: 145 KB, 646x700, 1515209829269.png [View same] [iqdb] [saucenao] [google]
5997219

>>5989429
let these old shits be left in the fucking dark. Who cares. Cryptos is very obviously changing the way we send data. This market proves the worth of blockchain technology.

Tell him to go invest in his steamy pile of shit 401k that will see a 100% ROI in twenty years. He will die and and maybe just then see the start of what this market is capable of.

>> No.5997228

>>5996918
>You said it's distributed and previously said it's not decentralized. But fine, we can agree on it being decentralized.
>Now, we can nitpick about what trustless really means.
I wasn't talking about xlm there and didn't know you were, you just said weird things about the meaning of distributed/decentralized.

>>5996918
>I understand the point you're making here, but I don't see why it's significant. Even with POW you have to trust not to have a majority of malicious nodes. With a neighbor list it's up to you not to add a huge amount of non-existent sybil attack nodes - which in real life is not a problem.
It's just a completely different thing. Trustless consensus was the big draw of the blockchain before everyone's brain shut down and it became just about hype and gains. The kind of consensus where you have to trust a chosen set of nodes is nothing new or particularly innovative, and it has obvious drawbacks, like, what if the nodes you trust become corrupted? Which is much easier to do with a targeted attack than corrupting 50%+ of the network's computing power.

>> No.5997449

>>5997228
>Trustless consensus was the big draw of the blockchain before everyone's brain shut down and it became just about hype and gains
I guess that's where we disagree on. I don't see it as a problem at all in practice (but please do point out how it could be), and it certainly isn't a bigger problem than all the shit introduced by POW.

> what if the nodes you trust become corrupted
The same situation as with POW nodes. If the network becomes corrupted, though luck. If you have a list of neighbors that covers the majority of the network, it's not different situation with the corruption. The only difference is that when you compose the list you'll do some basic hand-picking to exclude obvious malicious nodes.

>> No.5997598
File: 27 KB, 600x600, 600164AA-352D-4FDF-B9C1-60412752D60F.jpg [View same] [iqdb] [saucenao] [google]
5997598

2021 is when the gravy train will start to slow. So, get your money up now before then.

>> No.5997603

>>5997449
>The same situation as with POW nodes. If the network becomes corrupted, though luck. If you have a list of neighbors that covers the majority of the network, it's not different situation with the corruption. The only difference is that when you compose the list you'll do some basic hand-picking to exclude obvious malicious nodes.
But if you're trusting a handful of nodes you're in trouble if just those few become corrupted, not half of the network, or am I missing something?

>> No.5997657

>>5997079
Hardly ignored - this research takes a long fucking time, I assume you just read their website and pop a 2" boner when you see the long list of "partners". Partnership is just a signed piece of paper until, show me some real fucking use and I'll get interested

>stop trying to dodge around...
Ya no fucking shit sherlock, guess where the capital appreciation comes from? Ownership of cash generating assets

>I presented XLM and XRP, neither basement projects
Show me some real transactions

>> No.5997696

you guys are fucking retarded. your "investing" in nothing, literally nothing. blockchain technology is garbage. There isn't a single real company in the space except for exchanges.

Crypto used to be about how the technology could change the financial system. And there was genuine excitement from smart people in tech. We now now though the technology is mostly useless, and the only people still shilling and buying are greedy fools.

When the music stops though, all your crypto will be worthless. It's not going to drop 50%,
Its going to drop to fucking 0.

At first crypto got a pass because it was new and nobody really understood how it would play out in the long run. But the honeymoon phase is over. It's now a normie get rich quick scheme. After the big crash happens and everyone loses big time, conventional wisdom will be that its a scam, no different from multi-level marketing or penny stocks, and it will never recover.

>> No.5997883

>>5997603
Hm, I guess I could say so.

First, theoretically you could just construct a list of all the validator nodes of the network with a remotely believable identity. This way you'd be in touch with every validator (except the ones you chose to omit), same as with POW. So, a takeover would need to kill as many nodes as with POW.

SCP is a small improvement to that. In it the nodes form a network, where nodes are indirectly connected to others. If you ask a confirmation from node x, it will confirm with its neighbors y and z, even if they're not your neighbors at all. This way, as long as you select an amount of nodes that are physically separate and trusted on different levels (a known company, your mom, and a community node for instance), at least one of them will propagate the message further and get approval from the rest of the network.

It still doesn't protect against somebody hacking all your direct neighbor nodes, but you can increase the count of neighbors basically as high as you wanna. At some point the practical threat becomes zero

>> No.5998013

>>5997657
>Hardly ignored - this research takes a long fucking time, I assume you just read their website and pop a 2" boner when you see the long list of "partners". Partnership is just a signed piece of paper until, show me some real fucking use and I'll get interested
Actually, I've read the whitepaper, dev docs, and studied some of their code on github. I did my DD with hundreds of projects, and all of them are shit on some level. Stellar is not perfect, but it's the only legit project in the market in my opinion.

>Show me some real transactions
https://dashboard.stellar.org/

It's already used for trading, not only payments. See the "offers" in the recent ops list

>> No.5998177

Btw thanks for the arguments anons, it's been a pleasure

>> No.5998271

>>5989905
But NSC today! It's the Not Sustainable Coin. Get in before it moons and becomes unsustainable.

>> No.5998274

Crypto was an interesting idea in like 2011, you even saw some business getting in on it, but now that's all dried up and disappeared, but if blockchain is so great, why has no one managed to do anything meaningful with it in a decade?

This is nothing but a combination of tulip bulbs and OTC penny stocks. Even world changing companies don't go up in value 500% in a matter of hours, only to then crash 90% days later. It's pajeet level PnDs.

Seems like East Asia is just going through their tulip mania a few centuries late, but in basically the electronic version of OTC penny stocks.

I relish the ability to day trade something with volatility, but cryptocurrency and the tech behind it has been dead for a pretty long time, and we're just passing around bags to larger idiots.

>> No.5998281

>>5997696
Not that drastically different from stocks

>> No.5998327

>>5990064
The stock market is ripe for a crash right now as well. If that happens, people may dump into crypto, or they may pull out of crypto in a panic. It'll be interesting to see what happens. Though, hopefully neither happens.

>> No.5998376

>>5997696
>you guys are fucking retarded. your "investing" in nothing, literally nothing. blockchain technology is garbage. There isn't a single real company in the space except for exchanges.

Ironically the real use for crypto is exchanges. Cyrpto's have showed value in how easy it is to launch an ICO. I expect in the future ICOs will replace IPOs and all stocks will be tokenized. But what good that does to existing blockchain projects? probably none.

>> No.5998400
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5998400

>>5991264
no you're right, the current transaction method is really efficient, that's why we have this great (((centralized banking system))) and it only costs trillions each year to exchange money

I'm pretty sure you don't know how bitcoin works either norman

>> No.5998410

>>5991900
*sells vote token*
...

although, really, when i think about it it's preferable that I get paid for voting by lobbyists rather than the politicians.

>> No.5998427

>>5997696
Not sure if delusional no coiner or just bait

>> No.5998439

>>5998274
>you even saw some business getting in on it
Here I've been ranting about Stellar. They pulled it off. IBM, Stripe, no need to list them all here. That's the only real future crypto can have, aside from being a nice investment opportunity and a bunch of nice toys

>> No.5998478

>>5998281

It's different in that stocks actually are an involvement with a company that exists. There's something physical there. It may be a lot of something, or a little of something, but there is something. Hence the existence of things like book values and PE ratios. There's no reason cryptocurrencies couldn't go to literally 0 in the next few minutes, but there's plenty of reasons you'll never see all stocks go to 0, or really any, ever.

>> No.5998495

>>5997883
>It still doesn't protect against somebody hacking all your direct neighbor nodes, but you can increase the count of neighbors basically as high as you wanna. At some point the practical threat becomes zero
I guess, but wouldn't you then be basically approximating the inefficiency of PoW?

>> No.5998636

>>5998495
Not really, since just asking for a consensus doesn't require POW, just a vote and signatures. You have a point in that adding more and more nodes might slow down the consensus and make it unfeasible. But you can add enough nodes to be safe from any practical harm IMO (tens of neighbors should be possible). It's not AS secure as POW unless you neighbor every node, but in practice I think it's the best tradeoff

>> No.5998726

>>5998478
>there's plenty of reasons you'll never see all stocks go to 0, or really any, ever
Regulation, mostly. But in the end a stock is just a bunch of data, not really directly attached to the company.

>> No.5998882

>>5989429
>consistently measuring returns in "x"
This is a beautiful way to put it actually. What a feeling it is.

>> No.5999249

>>5998013
>https://dashboard.stellar.org/
I'm only seeing transactions between cryptos.

>But in the end a stock is just a bunch of data, not really directly attached to the company.

Stock is issued in a legal certificate, it is directly attached to the company

>> No.5999390

>>5998636
Perhaps. Another danger I see is that most people end up trusting small sets of nodes with large overlaps, like nodes run by governments, which end up with a lot of power. Anyway, I'll have to read more on it, don't understand the protocol in detail, was just put off by their not being trustless.

>> No.5999759

>>5999249
>I'm only seeing transactions between cryptos.
There were txs between fiat tokens when I looked at it

https://stellarterm.com/#exchange/XLM-native/EURT-tempo.eu.com
Here's an example of a fiat token that's backed by EURs. Though honestly I dunno where Tempo is located so I can't exchange them to EURs

>>5999390
Yeah, I'm not saying it's a perfect system, but I think the (slight?) decrease in security is well worth the benefits of actually having an usable currency.

> Anyway, I'll have to read more on it, don't understand the protocol in detail, was just put off by their not being trustless.
Sure, go ahead if you're interested, the paper can explain it a lot better than me. I didn't like the concept of needing to pick nodes manually and know their identities, but in the end does it really matter that much? You do the same thing in real life every time you confirm something with multiple people you know

As much as I think Stellar might be valid tech, I'm still not very comfy holding my money on this market though. It will be collateral damage if something happens to crypto

>> No.6000273

>>5990431
You're in a filter bubble, big time. I'm in frogland, which is what, the world's 5th or 7th economy, and nobody here has any clue what cryptocurrency is, except the usual small subset of the population: white, young, male, geek interests. Our arabs are WAY behind US nogs.

>> No.6000491

>>6000273
I keep seeing stuff like this posted by people here, but maybe I just have different luck or maybe you guys have worse luck or what.

I hear random people talking about crypto every so often now. Random people in my classes have ended up knowing about it/putting money in, I've been at Starbucks and heard people going in discussions about it (they didn't seem to know a ton though). I've heard people talking about it as I was walking through campus. Just every so often it catches my ears since I never initiate talks about crypto.

I live in Utah.

>> No.6000575

>>6000273
Well, they probably also don't know what bonds are which have existed forever. I'd say by this point most who still don't know about it were never going to learn/care about it anyway.

>> No.6001295

>>5991370

underated

>> No.6001432

>>5989429
Eventually after the shit has been flushed (shitcoins) this market will flatten out and 1% will be the talk of the day.

>Did you see Anon make 1% on BTC in a day?
>Yeah wow! I wish.. I only made 0.00001%
>I made 0.005% on Ethereum the other day was like a once in a lifetime opportunity. The market was crazy!

>> No.6001695

>>6001432
This is a fear I have. The volatility is what allows me to make money. I can't let slip by the one opportunity in my life to multiply my money several times over. It's insane right now and I need to get in it good.