/biz/ - Business & Finance

this is exactly what i fear and i dont have a good answer for it

>>7493205
the market caps are really just a measure of how wide the spread is in the orderbook. given more volume and more coin competitiveness, I think most coins might valued as <10 million market cap, even given high demand. there's nothing essential about many of the coins that makes them worth more than a cent, particularly the ones with billions in circulation.

look at TRTL coin. that's an order book play -- the value of the coins isn't really worthy of a satoshi.

The point will allways be staying off grid for those who have relevant pockets (unlike you or me or anyone in a 100 mile radius)
That's why you should buy monero only. The P day is coming, and only a fungible coin can make it as a new tax haven

The people ultimately choose what goes up and what goes down. We need to reject governments and central banks, and they can't force us in to their plantation. It's that simple.

There will only be a couple big winners I assume that most companies and industries will have their own private blockchain implementation because that's how most big companies work with IT but whoever can't afford that will use whoever the big couple winners are and I assume that nation states will have their own

>>7493502
Now you just need to invest in the LINK between all those chains

Let's say PayPal forked Bitcoin - how are they going to freeze wallets the way they freeze accounts? How is Bank of America going to comply with a federal order to freeze your funds without building that into their currency? We look at an Eth contact sideways if it's written so that it can be taken down in the event of an error but we're going to use kiked crypto? No.

99% of the projects don’t really need tokens to have value, just a pc running here and there.

That’s why this is like the dot com bubble, in the long run most of this shitcoins value will be 0.

Think twice before buying all these ERC20 tokens

>>7493179
Hahaha welcome to the real world kiddo. Obviously if this tech has any future rich companies will create their own versions of crypto tailored exactly to their needs (not made by some random amateurs, like cripple, lol) that they can fully control and sell their products/services to normies.
Normies will obviously accept them instead of open source shitcoins made by random, anonymous neckbeards because they care about safety, convenience and customer support when they fuck up and we know these things are not features of crypto. Most if not all current crypto will not stand the test of time, wake up.

>>7493179
That's why Vitilik wants us to build dapps.

>>7493179
Then they're not blockchains.
The value of blockchains in actual practice comes from their open use nature. Anybody being able to participate and being funded to participate into securing the ledger is the fundamental thing that makes it all work. Take that away and you just have a cargo cult database pretending to be a cryptocurrency like XRP. It can fool idiots for right now in this early time, but eventually people are going to catch on to the fundamentals of this market and its going to zero. If the chain requires open participation and speculation on native token to incentivise securing the chain, then it doesn't really matter what label they put on it, it will be as useful as all the other ledgers with that property and will compete against them and to the extent it's useful and competitive, grow in value.

>>7493298
>P day

wots this

A centralized blockchain controlled by one single entity defeats the entire purpose of the invention.

>>7495254
Of course, imagining institutions that mostly profit from their high barriers to entry and regulation and everything that makes them allergic to a structure like this will go and adopt it is exactly like speculating that Linux will never beat Microsoft in the data center because Microsoft will just copy all the things that make Linux good and improve on them if it needs to. Because in doing that they eliminate their own value proposition, they can't do it, and thus they lose.
And so it will go with blockchain competitors backed by traditional high entry barrier old world financial industry. They'll die because competing on the same ground will necessarily kill them, and not competing will kill them too.

>>7493179
This is exactly what's going to happen