Cryptocurrencies

[Buckeye]

10 minutes ago, TwoCitiesCapital said:

 

Basically the justification for every shit coun ever....

 

Someone asked me the other day "what's the next Bitcoin?". I told them the answer is Bitcoin. 

 And you very well may be right!  Also something a Boomer would say about their Boomercoin.  Time will tell. 

[Fly]

3 hours ago, Buckeye said:

“It feels like bitcoin circa 2013,” said Barry Silbert, founder of Digital Currency Group and Grayscale Investments, which set up the first publicly traded bitcoin fund.

 

 

How's Ethereum Classic working out for him?

 

It isn't about the tech, the team, the white paper, the partnerships, etc etc.

 

It is the network. Largest and most robust proof of work network wins. Call it Boomercoin, call it old tech, call it whatever you want. 

[TwoCitiesCapital]

Luke Gromen had interesting commentary on reserves this AM 

 

Gold now surpasses USTs as the most reserved asset. We're watching the loss of reserve status by the USD even as it retains the ability to act as a unit of account. 

 

This 1) is probably signaling the beginning of the end of USD dominance in trade/reserves/reserve currency status 

 

And 2) goes to show that Bitcoin doesn't need to be one to be the other. It can take on reserve status long before it's a unit of account. 

 

 

[TwoCitiesCapital]

I have confidence in BTC - 

 

I have quite a bit less in ETH and others at this point.

 

I think Bitcoin will work for Saylor, but I wonder what it looks like for Tom Lee to dump 5.5 million ETH on the market 

Edited yesterday at 01:19 AM by TwoCitiesCapital

[jfan]

Definitely don't understand everything around the cryptography lingo, but found some useful tidbits

 

 

[Milu]

Zcash down 40% today after critical bug discovered that may permit counterfeiting. 

[TwoCitiesCapital]

Not that it's impossible with BTC, but with the code being open source for ~18 years at this point, it becomes less and less likely with each passing day. 

 

Is another reason why it's 'slow to improve'. It only has to do one thing - be sound money. And as long as it can do that reliably, the rest of the functionality will come in time - either on chain or via L2 functionality. 

[SharperDingaan]

Have to think that BTC drops another 10%+ the closer we get to the SpaceX IPO; nothing to do with BTC itself; simply demand being diverted to new shiny toys . Opportunities.

 

SD