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by nxsynonym 3056 days ago
I'm ready for Bitcoin, and crypto-currency mania in genral, to either crash and burn or take off to the next level and produce something of value.

I can't be the only one who is growing tired of seeing the same circular discussions rehased on every click-bait article posted by Bloomberg/forbes.

There's nothing exciting or newsworthy about the price fluctuations that have been present since day 1. Sure, the dollar value swings are larger - but nothing new is happening.

edit: found the wannabe over-night millionaires.

5 comments

I'm ready to buy a new graphics card to render graphics with. That'd be cool.
I put together a new computer this week. Everything new but I still have my 760TI in it because I'm not paying $1000 for a graphics card. You can get a 1050 reasonably priced still, but that's more of a lateral move than an upgrade for me. Here's to hoping the market returns to normal soon.
Same boat, birthday is a couple months away and I want to build a PC, need prices to go down before then.
Agreed. I think lightning will be the next big leap. There are a lot of brave souls (423 as of right now) trying it out right now.

https://lnmainnet.gaben.win/?100=

Lightening team is dubious and the design will likely evolve into a payment processor routing though a crypto-banking system.

https://medium.com/@jonaldfyookball/mathematical-proof-that-...

http://www.coppolacomment.com/2018/01/probability-for-geeks....

Can anyone find another investible thing that gets so much shit thrown on it by talking heads on mainstream media? Serious question. It feels so artificial. The response to what an idiot on the news thinks about bitcoin is so often like "I don't know anything about bitcoin, AND I hate it and it will crash and I hope it crashes."

wtf is that?

I agree, let's all stop fighting about what is and what isn't bubble and just look at the tech and potential.

Here are a few use cases I'm excited for:

* SONM / Golem as an entryway to fog computing.

* IOTA / WTC / VEN as entryways for exchanging value and information in an IOT infrastructure.

* NANO for exchanging value without deteriorating the original principal through fees.

* ETH / NULS / ECC - Tokenization to represent distributions of hard to divide securities. The doors are open to invest in startups, offices, applications and ideas without having to get approval on what you want to support.

* BTC / ETH as trading pairs. This acts as a new stock market that doesn't close. One where trades can even be private (on a DEX such as cryptobridge or barterdex).

Yes there are massive scams and there is questionable value in the 'store of value' use case BTC is currently defending. Every new idea is bound to have growing pains.

The larger implications is that software engineers now have the power and tools to create distributed shared systems that interact with the population at large in new and yet unforeseen ways.

It won't happen overnight but saying there is no value in what is currently there is purposefully misleading.

(edit) bad phrasing

Lightning network has just been released on main net, and while it's still the early days, this is darn new and exciting.

It's actually a solution to the micropayment problem that has dogged the internet for decades, and resulted in the ad based internet content sites (and pathologies) we see today.

In terms of "something of value" there are many levels of this, and one of them is that bitcoin as a currency is something of value, for people in venezuela and other countries with highly debased currencies its a lifeline. It also is revolutionizing the remittances business. Just a few of the use cases.