Bitcoin and Crypto

[mike]

Scalability is obviously an issue but every man and his dog is working on that. That’s really enough for you to write off blockchain becoming widespread?

It will be widespread for specific use cases. It won’t be for everything, that’s what I am saying. Scalability is only one disadvantage, there are many others that also make blockchain unsuitable for many use cases.

 

[Dyloh]

Scalability is obviously an issue but every man and his dog is working on that. That’s really enough for you to write off blockchain becoming widespread?

It will be widespread for specific use cases. It won’t be for everything, that’s what I am saying. Scalability is only one disadvantage, there are many others that also make blockchain unsuitable for many use cases.

I guess we can pick on the fact that I used the word “everything” but it seemed easier than listing every industry ie Banking, Finance, Logistics, Healthcare, Retail, Real Estate, Insurance, Digital Identification and Verification just to name a few all using blockchain as it is even with the current issues. What happens when/if they fix the current problems with the technology?

 

[mike]

Scalability is obviously an issue but every man and his dog is working on that. That’s really enough for you to write off blockchain becoming widespread?

It will be widespread for specific use cases. It won’t be for everything, that’s what I am saying. Scalability is only one disadvantage, there are many others that also make blockchain unsuitable for many use cases.

I guess we can pick on the fact that I used the word “everything” but it seemed easier than listing every industry ie Banking, Finance, Logistics, Healthcare, Retail, Real Estate, Insurance, Digital Identification and Verification just to name a few all using blockchain as it is even with the current issues. What happens when/if the fix the current problems with the technology?

There will still be use cases where it’s unsuitable by blockchain’s very nature.

 

[Spartan117]

There's a ton of use case for the Tech

 

[mike]

There's a ton of use case for the Tech

There is, especially in the transactional space.

 

[Dyloh]

Scalability is obviously an issue but every man and his dog is working on that. That’s really enough for you to write off blockchain becoming widespread?

It will be widespread for specific use cases. It won’t be for everything, that’s what I am saying. Scalability is only one disadvantage, there are many others that also make blockchain unsuitable for many use cases.

I guess we can pick on the fact that I used the word “everything” but it seemed easier than listing every industry ie Banking, Finance, Logistics, Healthcare, Retail, Real Estate, Insurance, Digital Identification and Verification just to name a few all using blockchain as it is even with the current issues. What happens when/if the fix the current problems with the technology?

There will still be use cases where it’s unsuitable by blockchain’s very nature.

Yeah I’m not quite sure what we’re debating anymore. I just wanted say that I believe blockchain will eventually be ubiquitous in the same way the internet is today without sounding like a knob using the word “ubiquitous” on a footy forum. My bad if the message was lost in translation.

 

[mike]

Scalability is obviously an issue but every man and his dog is working on that. That’s really enough for you to write off blockchain becoming widespread?

It will be widespread for specific use cases. It won’t be for everything, that’s what I am saying. Scalability is only one disadvantage, there are many others that also make blockchain unsuitable for many use cases.

I guess we can pick on the fact that I used the word “everything” but it seemed easier than listing every industry ie Banking, Finance, Logistics, Healthcare, Retail, Real Estate, Insurance, Digital Identification and Verification just to name a few all using blockchain as it is even with the current issues. What happens when/if the fix the current problems with the technology?

There will still be use cases where it’s unsuitable by blockchain’s very nature.

Yeah I’m not quite sure what we’re debating anymore. I just wanted say that I believe blockchain will eventually be ubiquitous in the same way the internet is today without sounding like a knob using the word “ubiquitous” on a footy forum. My bad if the message was lost in translation.

In certain situations eg transactional processing I agree, but that’s not everything. That’s all I’m saying.

There will always be situations where blockchain is not appropriate. The fact that data is immutable, ie cannot be changed or deleted can be an issue. The fact that every node has all the blockchain can be a privacy issue for public blockchains. This could also be a problem for private multinationals if they have nodes in different government jurisdictions where data cannot leave borders. These are just a few off the top of my head. Blockchain is not a one size fits all solution.

 

[Dyloh]

Scalability is obviously an issue but every man and his dog is working on that. That’s really enough for you to write off blockchain becoming widespread?

It will be widespread for specific use cases. It won’t be for everything, that’s what I am saying. Scalability is only one disadvantage, there are many others that also make blockchain unsuitable for many use cases.

I guess we can pick on the fact that I used the word “everything” but it seemed easier than listing every industry ie Banking, Finance, Logistics, Healthcare, Retail, Real Estate, Insurance, Digital Identification and Verification just to name a few all using blockchain as it is even with the current issues. What happens when/if the fix the current problems with the technology?

There will still be use cases where it’s unsuitable by blockchain’s very nature.

Yeah I’m not quite sure what we’re debating anymore. I just wanted say that I believe blockchain will eventually be ubiquitous in the same way the internet is today without sounding like a knob using the word “ubiquitous” on a footy forum. My bad if the message was lost in translation.

In certain situations eg transactional processing I agree, but that’s not everything. That’s all I’m saying.

There will always be situations where blockchain is not appropriate. The fact that data is immutable, ie cannot be changed or deleted can be an issue. The fact that every node has all the blockchain can be a privacy issue for public blockchains. This could also be a problem for private multinationals if they have nodes in different government jurisdictions where data cannot leave borders. These are just a few off the top of my head. Blockchain is not a one size fits all solution.

I’m picking up what your putting down now. I was just trying to shed light on blockchain technology itself rather than “Bitcoin” as I feel this is where people get confused with it being speculative or a gamble. Most of us probably use some type of blockchain technology everyday and might not even know it and I personally think it only grows from here.

 

[mike]

Scalability is obviously an issue but every man and his dog is working on that. That’s really enough for you to write off blockchain becoming widespread?

It will be widespread for specific use cases. It won’t be for everything, that’s what I am saying. Scalability is only one disadvantage, there are many others that also make blockchain unsuitable for many use cases.

I guess we can pick on the fact that I used the word “everything” but it seemed easier than listing every industry ie Banking, Finance, Logistics, Healthcare, Retail, Real Estate, Insurance, Digital Identification and Verification just to name a few all using blockchain as it is even with the current issues. What happens when/if the fix the current problems with the technology?

There will still be use cases where it’s unsuitable by blockchain’s very nature.

Yeah I’m not quite sure what we’re debating anymore. I just wanted say that I believe blockchain will eventually be ubiquitous in the same way the internet is today without sounding like a knob using the word “ubiquitous” on a footy forum. My bad if the message was lost in translation.

In certain situations eg transactional processing I agree, but that’s not everything. That’s all I’m saying.

There will always be situations where blockchain is not appropriate. The fact that data is immutable, ie cannot be changed or deleted can be an issue. The fact that every node has all the blockchain can be a privacy issue for public blockchains. This could also be a problem for private multinationals if they have nodes in different government jurisdictions where data cannot leave borders. These are just a few off the top of my head. Blockchain is not a one size fits all solution.

I’m picking up what your putting down now. I was just trying to shed light on blockchain technology itself rather than “Bitcoin” as I feel this is where people get confused with it being speculative or a gamble. Most of us probably use some type of blockchain technology everyday and might not even know it and I personally think it only grows from here.

You are absolutely right.

 

[Spartan117]

I have a few darlings that I'm gambling on to be the next Bitcoin or Eth.

I simply wait for the down turn that comes every few weeks and trickle a few bucks in.

 

[Spartan117]

Curious, Are any of u guys working in the Tech Space?

 

[mike]

Curious, Are any of u guys working in the Tech Space?

42yrs….

 

[TigerNeddyK]

It's pretty clear that decentralised finance has a place in the world, and at the moment it's only in its infancy. 95% of crypto projects will likely not make it but ones like Ethereum and Bitcoin are absolutely here to stay imo.

Cardano mate, it’s been built the way Ethereum should have been. Focused on being able to grow and adapt and evolve into a huge ecosystem that can help with real world problems and can be adopted by many different institutions and governments and companies. Proof of Stake protocol that is 3rd generation blockchain tech which means that it uses a lot less power so makes sense environment wise and at the moment it is still affordable. Anyway this is the one that I believe will be the dominant one ADA is the coin, however I do also think XRP and LINK will be huge also. The best APP I have found to buy and manage Crypro is Crypto.com, but that may just be because they offer you a really cool metallic Credit card that you can use to buy things with your crypto and that offers cash back on purchases in the form of crypto and although it may not truly mathematically reward you I love the card and like to convince myself that I am really cleaning up by using it ! 😎😜

 

[avocadoontoast]

It's pretty clear that decentralised finance has a place in the world, and at the moment it's only in its infancy. 95% of crypto projects will likely not make it but ones like Ethereum and Bitcoin are absolutely here to stay imo.

Cardano mate, it’s been built the way Ethereum should have been. Focused on being able to grow and adapt and evolve into a huge ecosystem that can help with real world problems and can be adopted by many different institutions and governments and companies. Proof of Stake protocol that is 3rd generation blockchain tech which means that it uses a lot less power so makes sense environment wise and at the moment it is still affordable. Anyway this is the one that I believe will be the dominant one ADA is the coin, however I do also think XRP and LINK will be huge also. The best APP I have found to buy and manage Crypro is Crypto.com, but that may just be because they offer you a really cool metallic Credit card that you can use to buy things with your crypto and that offers cash back on purchases in the form of crypto and although it may not truly mathematically reward you I love the card and like to convince myself that I am really cleaning up by using it ! ??

I’m not convinced on Cardano. Hasn’t got smart contracts yet and Hoskinson seems a bit of a snake oil salesman. It’s main appeal was due to lack of a scalability of ETH along with high gas prices, but EIP1559, moving to POS and layer 2 solutions that complement Ethereum (like Matic) deal with all those issues. Also Ethereums network is so far ahead in size and adoption I can’t ever see Cardano getting near it.

In saying that I could be completely wrong lol

I’ll have a look at crypto.com I do my trading on Binance at the moment but their tax reporting stuff sucks

 

[Sco77y]

It's pretty clear that decentralised finance has a place in the world, and at the moment it's only in its infancy. 95% of crypto projects will likely not make it but ones like Ethereum and Bitcoin are absolutely here to stay imo.

Cardano mate, it’s been built the way Ethereum should have been. Focused on being able to grow and adapt and evolve into a huge ecosystem that can help with real world problems and can be adopted by many different institutions and governments and companies. Proof of Stake protocol that is 3rd generation blockchain tech which means that it uses a lot less power so makes sense environment wise and at the moment it is still affordable. Anyway this is the one that I believe will be the dominant one ADA is the coin, however I do also think XRP and LINK will be huge also. The best APP I have found to buy and manage Crypro is Crypto.com, but that may just be because they offer you a really cool metallic Credit card that you can use to buy things with your crypto and that offers cash back on purchases in the form of crypto and although it may not truly mathematically reward you I love the card and like to convince myself that I am really cleaning up by using it ! ??

I’m not convinced on Cardano. Hasn’t got smart contracts yet and Hoskinson seems a bit of a snake oil salesman. It’s main appeal was due to lack of a scalability of ETH along with high gas prices, but EIP1559, moving to POS and layer 2 solutions that complement Ethereum (like Matic) deal with all those issues. Also Ethereums network is so far ahead in size and adoption I can’t ever see Cardano getting near it.

In saying that I could be completely wrong lol

I’ll have a look at crypto.com I do my trading on Binance at the moment but their tax reporting stuff sucks

Agree, I can't see a similar technology/competitor shifting Ethereum. ETH 2.0 bringing proof of stake within the next 2 or so years too. If there are any inefficiencies in Ethereum you can be confident they're already being worked on or are soon to be.

I'm staking a little currently, in a pool.

Anyone else dabbled in staking etc. with ETH or any other crypto? Only real downside with ETH staking for ETH 2.0 is that your contribution is more or less locked up until the upgrade launches - could be a couple of years.

 

[TigerNeddyK]

It's pretty clear that decentralised finance has a place in the world, and at the moment it's only in its infancy. 95% of crypto projects will likely not make it but ones like Ethereum and Bitcoin are absolutely here to stay imo.

Cardano mate, it’s been built the way Ethereum should have been. Focused on being able to grow and adapt and evolve into a huge ecosystem that can help with real world problems and can be adopted by many different institutions and governments and companies. Proof of Stake protocol that is 3rd generation blockchain tech which means that it uses a lot less power so makes sense environment wise and at the moment it is still affordable. Anyway this is the one that I believe will be the dominant one ADA is the coin, however I do also think XRP and LINK will be huge also. The best APP I have found to buy and manage Crypro is Crypto.com, but that may just be because they offer you a really cool metallic Credit card that you can use to buy things with your crypto and that offers cash back on purchases in the form of crypto and although it may not truly mathematically reward you I love the card and like to convince myself that I am really cleaning up by using it ! ??

I’m not convinced on Cardano. Hasn’t got smart contracts yet and Hoskinson seems a bit of a snake oil salesman. It’s main appeal was due to lack of a scalability of ETH along with high gas prices, but EIP1559, moving to POS and layer 2 solutions that complement Ethereum (like Matic) deal with all those issues. Also Ethereums network is so far ahead in size and adoption I can’t ever see Cardano getting near it.

In saying that I could be completely wrong lol

I’ll have a look at crypto.com I do my trading on Binance at the moment but their tax reporting stuff sucks

Yeah I use both Binance and Crypto.com but the security level of the Crypto.com app and the company is bank level or better even (apparently ?) and it’s just so easy and cool to use especially for new people, as it is so user friendly.. as for Hoskinson I see him as a visionary , he cofounded Ethereum but left over the POW difference of opinion and also was already worried about scalability , Ethereum just IMO is trying to fix the plane while they are in the air and they’ve been promising ETH 2.0 for as long as Cardano has been working towards Smart contracts … also the ETH gas fees are out of control making it economically unviable to actually use the Defi or whatever.. but it all could be fixed and in my opinion there is room for both so it’s just a matter of personal preference really I guess …I do see what you mean about Charles , he can be a bit much (especially politically) but most tech geniuses have been like that .. cheers for the feedback ?

 

[Chainlink]

Good time to be buying in my opinion.

 

[finnzo]

If you don’t own any crypto do your self a favour and buy some This asset class isn’t going anywhere it’s here to stay it’s only been around for 12 years imagine if you could go back in time and put some money in the asx when it was only 12 years old

 

[Spartan117]

The Market is really Pumping at the moment.

Some of my Alt-Coins have shot up.

Is it bad that I want a massive correction so I can get a bigger slice of the Action.???

 

[finnzo]

The Market is really Pumping at the moment.

Some of my Alt-Coins have shot up.

Is it bad that I want a massive correction so I can get a bigger slice of the Action.???

Yes haha might be a drop soon with some new laws that look like there going to pass in America