Yeah. BTC isn't new though, but yeah, few people seem to understand it (I certainly don't).
WHY, oh WHY, did I sell some at $2850? LOL....
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bitcoins
- Thread starter enki
- Start date
Yeah. BTC isn't new though, but yeah, few people seem to understand it (I certainly don't).
WHY, oh WHY, did I sell some at $2850? LOL....
Yakoo752
USN
This is one of the better articles I came across after my conference that addresses things in an easy to consumer manner
https://www.forbes.com/sites/reenitadas/2017/05/08/does-blockchain-have-a-place-in-healthcare/
It's an interesting concept and I can see the value of blockchain technologies in this space.
Where I get confused. I don't see Bitcoin or Ether or... being the infrastructure partner to move into the realworld applications. I think people are investing in them because they don't understand how they are differentiated.
So my questions become, who is building on top of the blockchain layer/tech to provide this as a service?
panthera
Ride or Die
You, me, our peers and any company can write contracts and let ethereum blockchain mathematically and logically execute them. One thing I read talked about this someday getting rid of entire legal teams. Each "coins" blockchain is capable of doing something different. Ripples blockchain is now in use by over 75 banks. XRP is ripples currency. Bitcoin for all intents and purposes may only be use as a store of value and as currency. There is so much to this that typing on my phone is probably a disservice to this tech. I encourage anyone that is interested to do a little research to familiarize themselves with this technology becuase it is here and it will be in all of our lives just like the internet.
Yakoo752
USN
Yeah, I get that but I still feel there will still need to be a "middleware" layer and that's the space I am looking to invest in. I had one of my teammates look into it quickly and she's been monitoring the space for a while. She referenced companies like Ardor and NXT as doing really neat things
https://www.ardorplatform.org/
Obviously, I only understand enough to get myself in trouble and I don't know what I don't know but I think it's pretty neat/crazy tech.
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panthera
Ride or Die
I am with you. My knowledge is limited as well.
Ardor is great. It is one of the start ups to come out of the crypto castle in SF.
We are just in the infancy of this tech. Think internet in 1993. Thats where we are at with cryptocurrency. Bit coins first white paper was written in 08 or 09 so the idea is less than 10 years old.
Ardor is great. It is one of the start ups to come out of the crypto castle in SF.
We are just in the infancy of this tech. Think internet in 1993. Thats where we are at with cryptocurrency. Bit coins first white paper was written in 08 or 09 so the idea is less than 10 years old.
Hyperborea
Abiding
My mother too was waiting for her Beanie Babies to actually be worth something again. She ended up donating them to local children's organizations. Thankfully she only had a hundred or so. Hopefully, things for you aren't as bad as for this guy.
[youtube]PgDsyj5eLmo[/youtube]
Sure, blockchain tech will be used in a lot of places and be important. The thing is that says nothing about whether or not Bitcoins or Ethereum or any of the other dozens of blockchain currencies would be valuable. Those who got in to Bitcoin early were lucky that it didn't end up like Beanie Babies. We'll see what happens now that the majority of validators are in China with the Chinese government's policy to control Bitcoin.
panthera
Ride or Die
The Chinese or any other government can try to control it but they can't. Thats why its called decentralized. You would have to disconnect every node running and wipe them entirely. If one node is running then all of the blockchain data is still available. I wasn't sure where the most nodes were located so I looked it up and the US has the most with China in 5th place with 400 nodes online. The US has 2619 nodes as of August 14, 2017.
But yeah its early and we will see where it goes. I happen to believe in this technology and think its going to bring about change to the financial industry. Some of the biggest VC's in the bay area are starting to get behind these blockchain companies.
Blankpage
alien
Don't sweat it. Somewhere out there someone is crying about selling in the single digits.
Haha, thanks for the comfort. I waited until it rebounded from its recent low of just under $2k, and was congratulating myself for being sooooo patient.
Of course, I planned to buy back in, but who knows when.
Blankpage
alien
Charts that plot like Bitcoin's scare the crap out of me. Without knowing anything about this currency that chart says this thing could be below 1000 by Christmas or at $17,000. Nothing is certain other than a wild ride.
panthera
Ride or Die
Or bought two pizzas for 10,000 bitcoins hahah
Shaggy
Zoinks!!!!
Climber
Well-known member
Is it just me or does bitcoins seem like a pyramid scheme where the early people that got in make a ton of money but the people who come in later are mostly funding the early people?
Blankpage
alien
Thats every investment. Any money made has always belonged to someone else first.
Yakoo752
USN
What's funny is I knew nothing of this space yesterday and with a few calls to my peer group, this popped out. LOL seems like the space is bigger then I thought. I'm gonna head out and check out his space to better understand the backend
My buddy is launching a blockchain social media company shortly, for very much this reason. (well and the removal of a required infrastructure.)
An Example:
We have created an example application that is basically a peer-to-peer alternative to Twitter. We call it XXXXXX, because And because all this social media certainly feels like a mess at one level, at least to us.
When someone uses a holochain application (like XXXXXX) they run a copy of the application on their device (their phone for example). This allows them to send messages, browse other peoples feeds etc. It also allows them to store and host a randomly selected subset of the content generated by that application community. This hosting is, by default, the responsibility that accompanies their participation in the community. This communal responsibility for hosting makes it so that applications can be run with no webservers, no centralization, and no need for ads or other revenue generation to pay for hosting.
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