Author Topic: Welcome to the 'Bitcoin killer'  (Read 3247 times)

wachtwoord

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Re: Welcome to the 'Bitcoin killer'
« Reply #20 on: December 04, 2017, 11:19:32 AM »
SD, since you are fine trusting governments with your money:

  http://www.businessinsider.com/venezuela-launch-cryptocurrency-called-petro-2017-12

LOL. Well Bitcoin cash (scam) and Ethereum (centralized) are also valued in the billions. This is like the dot com bubble: back then everything with a website was bid up, now everything with a blockchain (or even without see Ripple). Buying and holding the few legitimate companies also worked in 1999 (albeit it took a while for the income of these companies to match up to their outlandish valuations).
"Beware of he who would deny you access to information, for in his heart he dreams himself your master"

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John Hjorth

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Re: Welcome to the 'Bitcoin killer'
« Reply #21 on: December 04, 2017, 12:11:05 PM »
Thank you for sharing the Staff Discussion Paper in your topic starting post, SharperDingaan,

It's a great & interesting read.
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

SharperDingaan

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Re: Welcome to the 'Bitcoin killer'
« Reply #22 on: December 04, 2017, 01:58:10 PM »
As already mentioned, not all CB's are equal!
Its also a bad idea in the crypto/block chain world to immediately dismiss the concept behind an idea - simply because it was poorly executed first time around. Think of a 'petro' as a digital currency used for global o/g settlement (versus USD), and the business case looks very different. 

Sadly, I don't work in such esteemed CB circles (yet!); but know good research when I see it - and how to reference it.
Just a humble lecturer in how to develop and implement block chain solutions for everyday business  ;)

SD
« Last Edit: December 04, 2017, 02:25:34 PM by SharperDingaan »

wachtwoord

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Re: Welcome to the 'Bitcoin killer'
« Reply #23 on: December 04, 2017, 02:42:34 PM »
'Petro' is not a crypto. Neither is that Canadian trash. Please don't soil the name. It's just fiat.
"Beware of he who would deny you access to information, for in his heart he dreams himself your master"

MRCR - FELP - ALS.TO - PDER - COMX - WWIB.OL -
 SODI - NVTR - ADDC - UPGI - HNFSA - IPO.TO - BONL - BWEL - GNW - NYRT - POE.V

SharperDingaan

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Re: Welcome to the 'Bitcoin killer'
« Reply #24 on: December 07, 2017, 04:48:30 PM »
Point taken ;)

It's a hard reach for anyone who has lived through the experience of a CB debasing its currency (Zimbabwe, Argentina, Lebanon, East-Block, Germany, etc.) to now suddenly trust it. Bitcoin, and its distributed ledger, was designed as the solution - and it works very well. Arguably so well - that the CB's are doing their best to replace it! But .... when nobody accepts the CB's scrip/fiat ($Z, Peso, etc.) in their store, we all switch to USD/Euro/Franks instead (another CB's fiat currency!). Hence the observation, that not all CB's are the same.

'Tall poppies get cut down', simply because they are too disruptive.
We would humbly suggest that the lawnmowers are coming.

SD
 


       
« Last Edit: December 07, 2017, 05:00:39 PM by SharperDingaan »