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Saturday, 20 January 2018
quote [ “Cryptocurrency can’t crash soon enough,” one gamer fumes. ]
I wonder how this will affect game development and sales going forward. Will developers hinder their own product in order to avoid negative reviews from gamers who can't afford or acquire the higher end graphic cards? Will there be a surplus in the card market when comcast and other shifty net providers throttle blockchain traffic?
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norok said @ 7:50pm GMT on 21st January
I am not a fan of ETH or XRP as they are 'centralized' by a governing body of developers/investors. They are 'a' use of blockchain but not my preferred implementation which is as decentralized as possible.
I have never put a single penny (or satoshi) into any ICO shitcoins. Lots of friends have made some really good paper money off them but I steer clear as they are highly probable to all be vaporware and the hype surrounding them is far too reminiscent of the dot-com bubble.
So if you have the hardware you have to pick the right one to be mining at that moment. There are some websites that can help calculate the profitability but I have never used them as mining alt-coins with former Bitcoin rigs came into fashion after I sold my rigs and left the business. You're on your own there and it's speculation but I still have friends that run several rigs and pull a modest weekly income out of them (well, up until a few weeks ago).
The split? Bitcoin is in trouble. It has first-mover advantage which means it will very likely keep the highest market cap and volume for the forseeable future. However, with transation fees peaking at $40 it has reached a really problematic point. Part of the reason the transaction fees are so high is allegedly BCH supporters are flooding the chain with transactions. Either way both the high costs and vulnerability thereof exposes the biggest challenge facing Bitcoin right now. Ultimately the 'winner' of all the cryptos are going to be the one or few that find a platform for users and that coin becomes their medium of choice. I don't see anything really in the space right now that has the advantage but it is possible that BCH is the closest as it is designed to be "Bitcoin 2.0" as it grounded on fixing the lessons learned over the years Bitcoin has been around.
I took some time during 2017 to work on an ETF... not to go through regulatory stuff for trading but for my own analysis. I created an index that would track the crypto market. The problem is that Bitcoin's market cap is so volatile that you can't really get a reasonable guage of the entire market because it becomes distorted. Another challenge is that from 2015-2016 Bitcoin and alt-coins worked in an inverse coorelation. Since mid-2017 they now actually follow Dow Theory and do correlate. If you really want to put some Bitcoin exposure in a 401k or stock portfolio use the symbol GBTC.
norok said @ 7:54pm GMT on 21st January
I am not a fan of ETH or XRP as they are 'centralized' by a governing body of developers/investors. They are 'a' use of blockchain but not my preferred implementation which is as decentralized as possible.
I have never put a single penny (or satoshi) into any ICO shitcoins. Lots of friends have made some really good paper money off them but I steer clear as they are highly probable to all be vaporware and the hype surrounding them is far too reminiscent of the dot-com bubble.
So if you have the hardware you have to pick the right one to be mining at that moment. There are some websites that can help calculate the profitability but I have never used them as mining alt-coins with former Bitcoin rigs came into fashion after I sold my rigs and left the business. You're on your own there and it's speculation but I still have friends that run several rigs and pull a modest weekly income out of them (well, up until a few weeks ago).
The split? Bitcoin is in trouble. It has first-mover advantage which means it will very likely keep the highest market cap and volume for the forseeable future. However, with transation fees peaking at $40 it has reached a really problematic point. Part of the reason the transaction fees are so high is allegedly BCH supporters are flooding the chain with transactions. Either way both the high costs and vulnerability thereof exposes the biggest challenge facing Bitcoin right now. Ultimately the 'winner' of all the cryptos are going to be the one or few that find a platform for users and that coin becomes their medium of choice. I don't see anything really in the space right now that has the advantage but it is possible that BCH is the closest as it is designed to be "Bitcoin 2.0" as it grounded on fixing the lessons learned over the years Bitcoin has been around.
As to what I mean by a platform; watch for any online retailers to begin accepting BCH (some have been taking Litecoin for a long time). In truth though the power really relies in the merchants and consumers that benefit most from Bitcoin's most prominent use-case which is drugs, extortion, and money laundering. So watch for another prominent Silk Road clone or the requested coin of choice for the next wave of Russian extortionware.
I took some time during 2017 to work on an ETF... not to go through regulatory stuff for trading but for my own analysis. I created an index that would track the crypto market. The problem is that Bitcoin's market cap is so volatile that you can't really get a reasonable guage of the entire market because it becomes distorted. Another challenge is that from 2015-2016 Bitcoin and alt-coins worked in an inverse coorelation. Since mid-2017 they now actually follow Dow Theory and do correlate. If you really want to put some Bitcoin exposure in a 401k or stock portfolio use the symbol GBTC.
<-- Entry / Current Comment
norok said @ 7:50pm GMT on 21st January [Score:1 Informative]
I am not a fan of ETH or XRP as they are 'centralized' by a governing body of developers/investors. They are 'a' use of blockchain but not my preferred implementation which is as decentralized as possible.
I have never put a single penny (or satoshi) into any ICO shitcoins. Lots of friends have made some really good paper money off them but I steer clear as they are highly probable to all be vaporware and the hype surrounding them is far too reminiscent of the dot-com bubble.
So if you have the hardware you have to pick the right one to be mining at that moment. There are some websites that can help calculate the profitability but I have never used them as mining alt-coins with former Bitcoin rigs came into fashion after I sold my rigs and left the business. You're on your own there and it's speculation but I still have friends that run several rigs and pull a modest weekly income out of them (well, up until a few weeks ago).
The split? Bitcoin is in trouble. It has first-mover advantage which means it will very likely keep the highest market cap and volume for the forseeable future. However, with transation fees peaking at $40 it has reached a really problematic point. Part of the reason the transaction fees are so high is allegedly BCH supporters are flooding the chain with transactions. Either way both the high costs and vulnerability thereof exposes the biggest challenge facing Bitcoin right now. Ultimately the 'winner' of all the cryptos are going to be the one or few that find a platform for users and that coin becomes their medium of choice. I don't see anything really in the space right now that has the advantage but it is possible that BCH is the closest as it is designed to be "Bitcoin 2.0" as it grounded on fixing the lessons learned over the years Bitcoin has been around.
As to what I mean by a platform; watch for any online retailers to begin accepting BCH (some have been taking Litecoin for a long time). In truth though the power really relies in the merchants and consumers that benefit most from Bitcoin's most prominent use-case which is drugs, extortion, and money laundering. So watch for another prominent Silk Road clone or the requested coin of choice for the next wave of Russian extortionware.
I took some time during 2017 to work on an ETF... not to go through regulatory stuff for trading but for my own analysis. I created an index that would track the crypto market. The problem is that Bitcoin's market cap is so volatile that you can't really get a reasonable guage of the entire market because it becomes distorted. Another challenge is that from 2015-2016 Bitcoin and alt-coins worked in an inverse coorelation. Since mid-2017 they now actually follow Dow Theory and do correlate. If you really want to put some Bitcoin exposure in a 401k or stock portfolio use the symbol GBTC.
