/biz/ - Business & Finance

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Anonymous Sun Jul 22 13:43:06 2018 No.10372488 [Reply] [Original]

So far I like XRP or ETH and its smart contract idea.

One thing I'm still missing with cryptos is if blockchain tech is so good and is ready to perform a revolution within our economic system.
Why would we need a crypto currency at all?

They are all priced off of the USD or EUR fiats.
So are cryptos actual currencies? I don't get it.

If tomorrow I chose to use ETH to own a house.
I should convert my money to ETH transfer it and once the contract is fulfilled the second part receives a sum of ETH to sell again?

So ETH was never the currency to start with.

Why not simply apply the blockchain technology to use smart contracts on already existing currencies?

>>	Anonymous Sun Jul 22 13:44:27 2018 No.10372504 >>10372488 >being this new

>>	Anonymous Sun Jul 22 13:45:09 2018 No.10372514 File: 109 KB, 588x823, 1509314646465.jpg [View same] [iqdb] [saucenao] [google] >>10372488 >what is wrong with fiat currency

>>	Anonymous Sun Jul 22 13:46:02 2018 No.10372527 >>10372504 FPBP!

>>	Anonymous Sun Jul 22 14:00:01 2018 No.10372700 Stfu. If you think a block reward with usd would work with bitcoin or ethereum, then just kys. Fuck off this board, brainlet.

>>	Anonymous Sun Jul 22 14:02:31 2018 No.10372731 >>10372488 this girl is disgusting and your post is shit

Anonymous Sun Jul 22 15:12:16 2018 No.10373655

>>10372488
It's not quite ready for any type of revolution yet. Too many problems with security and scalability.

Almost everyone treats them like commodities instead of currencies. As long as the prices keep skyrocketing no one will want to spend them/

But if you're interested in XRP, take a look at Interledger. It's a light interoperability protocol kind of like TCP/IP. It could allow for some amazing things, like being able to pay in any currency (fiat or crypto) and they can receive it in the currency of their choice.

>>	Anonymous Sun Jul 22 15:21:18 2018 No.10373756 XRP is always a choice of noobs. Then you do an actual research and switch to XLM, LINK and ETC.

>>	Anonymous Sun Jul 22 15:24:27 2018 No.10373790 >>10372731 homo

>>	reluctant kneepad girl Sun Jul 22 15:26:35 2018 No.10373814 >>10372488 mainly because you cant send dollars over the internet

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