Hi Chris!
How can we solve the hording nature of cryptocurrencies? Many people like to buy and HODL which is really not driving adoption or replacing fiat. How can this change and actually motivate people to start using them for buying and selling products and services? If you bought stuff with bitcoin a few years ago, today you might be blaming yourself for doing that. Best example we have are those 2 infamous pizzas ^__^
Hi @moaphotography,
well I guess you gave yourself the answer already as to why people like to HODL - it is because of the volatile nature of cryptocurrency as a whole and the aspiration of long term price increase as in your BTC example that drives people to HODLing.
Many people like to buy and HODL which is really not driving adoption or replacing fiat.
I am not sure if holding a currency (be it crypto) does have an either negative or positive impact on its adoption at all as the potential to be spent by those who have the currency is THERE, which would rather make a case for adoption. The whole issue about adoption, however, IS definitely one that has to be solved in the future if crypto was to stay. But I'm bullish on this one considering these recent developments with paypal (coindesk article) and Goldman Sachs backed Circle acquiring Poloniex (bitcoinist article).
Using your standard paypal account for all of your crypto purchases and transactions - wow, that would blow the market. And Goldman Sachs, one of the largest banks direly trying to get into crypto fulfilling all legal requirements for a massive crypto exchange taking the SEC into the boat - if these are not paving the way for adoption then I also don't know... :)
I've recently been very interested in finding out more about coins that want to provide people with a universal basic income. I was wondering how feasible something like that could be. You've got projects like Mannabase, which have even received some government funding.
Other than that, a category I'm also interested in is charity in general. Some questions related to that would be nice. E.g. How crypto can help charity?
I would like to ask them at least one question around those ever more emerging ICOs and projects that are centering their product around the facilitation of new cryptocurrencies/ICOs/blockchain projects.
Very simplified speaking, without even touching the complexity of all those projects, these are basically doing so using a more or less predefined set of code blocks (examples: Matrix AI Network [MAN] aiming at doing so with the help of artificial intelligence, Coinstarter [STAC] trying to facilitate the launch of ICOs, TRON [TRX] enabling its blockchain for the creation of new currencies, Unibright [UBT] planning to enabling business integration into the blockchain). Considering the fraud allegations that several projects had to face recently (e.g. take TRON for allegedly copycatting large parts of their code),
what would these and other similar projects have to (legally) provide to circumvent "producing" dozens of ICOs, cryptocurrencies and projects with very similar code snippets that could be considered as copied from each other by the media?
And maybe a rather silly question out of sheer curiosity,
what if the price of BTC rises to such heights that its current number of digits are not enough to provide for the least digit possible being a resonably small amount/fraction of any fiat currency? Did I make myself clear enough? I am not sure if this could ever happen, but that's the reason I'm asking :)
I have this question: what is the initiative or the most serious or reputable program to educate people about trading currently ?, and what are the best recommendations that an expert can give to those who want to start trading? . Thank you, I hope you take these questions into account.
I am curious to hear about their plans to keep alive and effectively spread the cryptocurrency culture.
Crypto is a technology, it's a movement, it's an alternative monetary belief system. The hype, the drop, the political scares are distractions from what it actually represents.
Many people give price predictions for bitcoin for the year 2020 and beyond, however, how will the market cap of altcoins and forks of bitcoin will affect said price, since we are in a world where bitcoin dominance is slowly declining and everyday new coins are created, how will the creation of new altcoins diminish the overall price of bitcoin?
Checking out on the cryptocurrency market, we noticed the drastic drop in values of crypto. So my questions are :
Got it
Hi Chris!
How can we solve the hording nature of cryptocurrencies? Many people like to buy and HODL which is really not driving adoption or replacing fiat. How can this change and actually motivate people to start using them for buying and selling products and services? If you bought stuff with bitcoin a few years ago, today you might be blaming yourself for doing that. Best example we have are those 2 infamous pizzas ^__^
Hi @moaphotography,
well I guess you gave yourself the answer already as to why people like to HODL - it is because of the volatile nature of cryptocurrency as a whole and the aspiration of long term price increase as in your BTC example that drives people to HODLing.
I am not sure if holding a currency (be it crypto) does have an either negative or positive impact on its adoption at all as the potential to be spent by those who have the currency is THERE, which would rather make a case for adoption. The whole issue about adoption, however, IS definitely one that has to be solved in the future if crypto was to stay. But I'm bullish on this one considering these recent developments with paypal (coindesk article) and Goldman Sachs backed Circle acquiring Poloniex (bitcoinist article).
Using your standard paypal account for all of your crypto purchases and transactions - wow, that would blow the market. And Goldman Sachs, one of the largest banks direly trying to get into crypto fulfilling all legal requirements for a massive crypto exchange taking the SEC into the boat - if these are not paving the way for adoption then I also don't know... :)
I'll put that on the list
I've recently been very interested in finding out more about coins that want to provide people with a universal basic income. I was wondering how feasible something like that could be. You've got projects like Mannabase, which have even received some government funding.
Other than that, a category I'm also interested in is charity in general. Some questions related to that would be nice. E.g. How crypto can help charity?
Excellent. I'll put that one on the list.
Couple of thoughts from me:
Good Luck!
Nice.
If Crypto is considered an asset, why are all the major countries hoarding gold and silver but NOT Crypto? Thanks!
Excellent one
I would like to ask them at least one question around those ever more emerging ICOs and projects that are centering their product around the facilitation of new cryptocurrencies/ICOs/blockchain projects.
Very simplified speaking, without even touching the complexity of all those projects, these are basically doing so using a more or less predefined set of code blocks (examples: Matrix AI Network [MAN] aiming at doing so with the help of artificial intelligence, Coinstarter [STAC] trying to facilitate the launch of ICOs, TRON [TRX] enabling its blockchain for the creation of new currencies, Unibright [UBT] planning to enabling business integration into the blockchain). Considering the fraud allegations that several projects had to face recently (e.g. take TRON for allegedly copycatting large parts of their code),
And maybe a rather silly question out of sheer curiosity,
I have this question: what is the initiative or the most serious or reputable program to educate people about trading currently ?, and what are the best recommendations that an expert can give to those who want to start trading? . Thank you, I hope you take these questions into account.
I am curious to hear about their plans to keep alive and effectively spread the cryptocurrency culture.
Crypto is a technology, it's a movement, it's an alternative monetary belief system. The hype, the drop, the political scares are distractions from what it actually represents.
Thanks, and might see you there ;)
i followed you bcos of this comment. you get it!
We want to know when is the best time to invest in cryptocurrencies?, if you can help us we thank you, we wait for your answer. Thanks.
Many people give price predictions for bitcoin for the year 2020 and beyond, however, how will the market cap of altcoins and forks of bitcoin will affect said price, since we are in a world where bitcoin dominance is slowly declining and everyday new coins are created, how will the creation of new altcoins diminish the overall price of bitcoin?
this is an excellent post brilliant in its simplicity!