/biz/ - Business & Finance

[Anonymous No.6913976]

https://medium.com/@ainsleyh/phores-marketplace-will-launch-soon-here-s-why-it-s-about-to-shake-things-up-b9fc004a2ae4

>It would be very foolish to think Phore is even close to it’s potential. It’s not. When we look at similar low-supply privacy coins such as; Dash, Monero and Zcash we see their popularity (and price) was driven by (mostly illegal) marketplaces. This propelled them into the hundreds-of-dollars range (over one-thousand in Dash’s case). It was not so very long ago these coins were where Phore is now. These coins then grew a following outside of darknet markets to become what they are today, even without a use beyond privacy.

>Phore aims to do the same, only legally, decentralised and with real usefulness. Phore users will be able to buy and sell items to others in complete privacy, on their own terms using Phore’s in-built privacy features. The only restriction being illegal items are filtered out of search results. This will solve a problem that’s as old as crypto itself, namely, having very few ways to actually spend them on real items.

>With a decentralised marketplace; Phore has the ability to allow users to buy and sell physical currency with Phore in a similar manner to LocalBitcoins.com, only much more private. Meaning if enough people did it; Phore could become a viable entry/exit point to and from fiat. This isn’t the goal of the Phore team but it serves as an example of how Phore could be used besides the private buying and selling of items. It works very well for LocalBitcoins, so it’s very probable that people will use Phore’s marketplace to do this. In any case, buying and selling just items alone would serve as a way to bypass fiat altogether and bring us closer to Satoshi Nakamoto’s original vision of a true cryptocurrency rather than just a digital store-of-value or an instrument of speculation.

>they still haven't bought Phore
It's like you intentionally want to miss the next mission to Jupiter or something

[Anonymous No.6914680]

bump

[Anonymous No.6914977]

am a PHR holder longtime. this shit is so under the radar it's beyond me

[Anonymous No.6915094]

Let's shill it together. Easiest x10 moon this year, pic very related.

[Anonymous No.6915157]

>>6914977
/biz/ only buys coins when they've gone 50x
buying low selling high is a foreign concept to them

[Anonymous No.6915291]

>>6915157
im pretty sure PHR will become a permanent shill, like Monero, after goes $50. That low supply really speaks for itself.

[Anonymous No.6915369]

I'm pretty wary of investing on anything privacy related when Monero is a thing. But that cap is really stupid. So about that marketplace, what happens with taxes?

[Anonymous No.6916115]

>>6915369
they literally have their own in house legal team to tackle matters of compliance and taxation
>30m mcap
you'd be really stupid to not invest right now before the next leg up

[Anonymous No.6916136]

>PoS
never gona make it

[Anonymous No.6916209]

>>6916136
>thinking that outdated and wasteful PoW has any future now that PoS is being adopted
are your GPU bags getting heavy soyboi?

[Anonymous No.6916239]

>>6916209
Yes, very
Unlike the integrity of your piece-of-shit blockchain lmao

[Anonymous No.6916283]

>>6916239
>admits to having bought expensive and soon to be useless hardware gear except for playing Crysis 8
>resorts to name calling
typical miner cuck. meanwhile, holders will be compensated with your very block rewards by doing virtually nothing lmao

[Anonymous No.6916484]

>>6915369
i think your first argument doesn't hold up very well. By that logic most coins shouldn't exist due to Bitcoin existing.

[Anonymous No.6916563]

>>6916484
Bitcoin isn't a privacy coin

[Anonymous No.6916606]

>>6913976
by that logic zen would be a much better decision

[Anonymous No.6916615]

>>6916283
>51 attack
>centralized nodes
>bad signatures
>the byzantine problem
>no cryptographic power besides trust

Yes, totally soon to be useless goy
Obviously a brainlet like you wouldn't even know what the fuck I'm talking about

[Anonymous No.6916655]

>>6916563
not my point. If Bitcoin is a store of value, then why are there hundreds of other coins that are just a store of value, PoW, sending transactions on decentralized public ledger. Bitcoin already does it.


just because Monero exists doesn't mean there wouldn't be other possible privacy coins


Looking at top50 coins i found already 4 privacy coins alone. combined market cap of billions. even when Monero is a thing.

[Anonymous No.6916664]

>>6913976
Why are decentralized and private marketplaces so afraid to list "illegal" items? They are missing out on a big market by doing this.

[Anonymous No.6916692]

>>6916615
literally the exact same for all scenario as they are under PoW except a different consensus mechanism where people are even more protective of the chain as it's their primary investment and just marginal block rewards
PoW literally BTFO

[Anonymous No.6916770]

>>6916664
because the size of the legal addressable market is order of magnitude greater than the illegal one. Amazon and eBay will always be far larger than any underground marketplace organization by a large margin.
also you can't have both. either you go full underground or you eliminate any traces of illegal activities if you want to play ball with global regulators
these people know what they're doing

[Anonymous No.6916778]

>>6916692
To tamper with a pow blockchain, you need all the hashing power, and to freeze it you need 51% of the hashing power. That is impossible

On the other hand, you just need 33% of masternodes to completely fuck up your shitchain. This may be costly, but someone will do it if it gets too hot.
Anyways, are you some treehugging faggot who believes in global warming?

[Anonymous No.6916812]

>>6916778
>doesn't realize the hotter it gets the more expensive masternodes become
what a literal brainlet
also maternodes don't verify blocks, staking does and you'd still need 51% of the supply

[Anonymous No.6916917]

>>6916812
I'm talking about bad signatures goy, you can double spend and the only thing your shitty chain can do is slap them in the hand after they have done it
>doesn't realize the hotter it gets the more expensive masternodes become
>implying more than 51% isnt already owned by 1 entity
>implying you can scale a blockchain without computing power
>implying Bitcoin won't fork into a pos/pow hybrid model after the 21mth

[Anonymous No.6917007]

>>6916770
Why not serve both legal and "illegal" markets? The whole point of decentralization is to get away from centralized gov't/laws and the people deciding/governing. In the case of a decentralized marketplace, the users should be able to decide what they want to buy/sell otherwise its not even truly decentralized.

[Anonymous No.6917024]

>>6916917
>I'm talking about bad signatures goy
again, the exact same scenario under PoW. if a block isn't accepted another one will and will be found very close to the orphan's timestamp
> >implying more than 51% isnt already owned by 1 entity
how in the name of fuck would that ever even happen you mouth breather?
> >implying you can scale a blockchain without computing power
>he thinks processing power for on chain transactions actually comes from mining
THE ABSOLUTE STATE

[Anonymous No.6917091]

>>6917007
they are actually planning on doing just that but primarily focus on the legal market naturally. the idea is to officially claim that illegal listings cannot be taken down as it's fully decentralized, and at the same time have their centralized search engine ignore such listings once flagged by more than a certain number of users. pretty fucking clever if you ask me and seemingly perfectly legal too

[Anonymous No.6917100]

So is PHR worth all inning on or what?

[Anonymous No.6917114]

>>6917024
>again, the exact same scenario under PoW
anon-I
>he thinks processing power for on chain transactions actually comes from mining
uw0tm8

[Anonymous No.6917173]

>>6917114
you're an actual retard. mining doesn't provide the processing power needed for on chain operations, it simple validates blocks. Bitcoin doesn't actually need all the hashing power that's thrown at it, it's only there because of increasing competition between miners wanting to get their block reward
Bitcoin was perfectly happy with a very low hashrate in the early days before anyone had even heard about it, computationally speaking.
fucking educate yourself before you spend your food stamps on GPU rigs lmao

[Anonymous No.6917232]

>>6917100
>Phore is actually working towards legal compliance with the authorities
>other shitcoins aren't and will get rekt
>Phore is actually working on a product that will allow you to use PHR on real world commodities and thus solve the "cashing out" problem
>other shitcoins aren't and will get rekt
what does your inner investor tell you to do? kind of a no brainer decision desu

[Anonymous No.6917327]

>>6917173
You basically just said we (pow) don't need all this resource consumption, as a means of promoting a proof of stake model
>b-but your gpus are useless ahah xD
just look up on ebay how much I will sell them for after they mine a shitton of actual useful coins

Tell me again how unbreakable your encryption model is? Oh wait you don't have one

[Anonymous No.6917383]

>>6917327
literally what the fuck are you even trying to say here

[Anonymous No.6917452]

>>6917383
>pow is bad because of all the trees we cut and all the electricity it uses!!
>actually, pow doesen't need all that energy consumption, it's just the difficulty that can be increased until only finland can afford to mine

Pick 1 nigger

[Anonymous No.6918239]

>>6917452
there's no contradiction there you brainlet

[Anonymous No.6918263]

>>6917452
>Calling someone a nigger on the Internet

Disgusting fuck

[Anonymous No.6918998]

>>6918263

[Anonymous No.6919029]

>>6918239