Crypto predictions, dead or not.

Would you buy any crypto

  • Yes

    Votes: 9 26.5%
  • No

    Votes: 17 50.0%
  • Go back to south Australia

    Votes: 8 23.5%

  • Total voters
    34

Squidfayce

Eats Squid
I'd consider nexo if I was trading, they appear to be more bank like with actual reserves kept.
Have you heard of fractional reserve banking?

No one keeps the amount of cash put into their platform equal to the value of their assets/deposits. Not even your bank at home your pay goes into. Bank runs can happen on any platform and to any bank.
 
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Lazmo

Old and hopeless
Not a public company. Though probably a good buy if it was. One of the top 50 largest companies in America.
Sorry, but I was being facetious.

We lost some good friends due to pyramid Amway back in the late 70’s early 80’s.

The get rich quick hype back then was as real/unreal as the current crypto is now. Get in early, the ground floor, or as close to it, that’s where the money is, blah blah. All human manufactured hype, no intrinsic value or worth, all designed to defraud the bulk of adherents, and benefit the early adopter few.

Life is too short to focus on crap like that.

Plays gamble responsibly slogans… etc, etc
 
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Dales Cannon

Cur non isti mictum ex occasione?
Staff member
Sorry, but I was being facetious.

We lost some good friends due to pyramid Amway back in the late 70’s early 80’s.

The get rich quick hype back then was as real/unreal as the current crypto is now. Get in early, the ground floor, or as close to it, that’s where the money is, blah blah. All human manufactured hype, no intrinsic value or worth, all designed to defraud the bulk of adherents, and benefit the early adopter few.

Life is too short to focus on crap like that.

Plays gamble responsibly slogans… etc, etc
Hmmmmph. Avon is where the action is at. Door to door.

Avon calling... Can I interest you in an SGT-A20 or 200 series gas turbine?
 

Minlak

Ask me about HoboBlo franchise opportunities
Hmmmmph. Avon is where the action is at. Door to door.

Avon calling... Can I interest you in an SGT-A20 or 200 series gas turbine?
Sorry old man Avon no longer to door to door it is online now - They still have Avon reps and you are still expected to get orders but you are meant to market using social media and telling friends to log on line and order - If they order from your area you get the credit.


They way to make money on Crypto is easy TBH - Haunt social media facebook tictoc insta twitch reddit and see what people are talking up - buy that as soon as they start talking it up - Sell before anyone else and rinse repeat - the majority of crypto coins etc are hyped up to make certain people profit then abandoned - now is a good time to buy Bitcoin again if you don't mind holding on for a while and the chance your wallet will mysteriously disappear.
 

scblack

Leucocholic
Yeah a lot of it is ponzi schemes, but it's hard to argue that eth or btc are ponzi schemes.

Not all blockchains are the same in what they what they are used for. Some new tech im talking about for example is, untill reletively recently, blockchain interoperability wasnt possible. Some cunts worked it out and backing tokens related to those groups funds further development in this space. Thats not insignificant. But this is a beta max vs vhs scenario. Except there are 200 different formats to take a punt on
Some of my watch warranties/registrations are placed on Blackchain platforms, so blockchain can be useful in reality.:)
 

SummitFever

Eats Squid
Oh dear. Another unnecessary application of the blockchain. If there was a bit better fundamental understanding of the tech then we'd see less of these misapplications of it.

A block chain warranty system adds a lot of unnecessary tech to what is a very simple process and at the same time makes all of the records vulnerable to loss of the blockchain or a blockchain takeover (51% attack).

A unique serial number and a manufacturer kept database is much better.
 

SummitFever

Eats Squid
This is a good read on how some of the major block chains suffer from all of the usual flaws and vulnerabilities of software and people despite the hype: https://www.techrepublic.com/article/pentagon-finds-concerning-vulnerabilities-on-blockchain/

It's clear that for most the tech is misunderstood. It's complex and often opaque.

Seems worse than when junk debt was repacked as AAA securities. At least with junk debt they thought it was backed by something (property) and the tech (the financial system) was well understood.
 

link1896

Is not a gynaecologist but will look at your fork
This is a good read on how some of the major block chains suffer from all of the usual flaws and vulnerabilities of software and people despite the hype: https://www.techrepublic.com/article/pentagon-finds-concerning-vulnerabilities-on-blockchain/

It's clear that for most the tech is misunderstood. It's complex and often opaque.

Seems worse than when junk debt was repacked as AAA securities. At least with junk debt they thought it was backed by something (property) and the tech (the financial system) was well understood.
Anything serious is built around hardware and software with FIPS 140-3 level 3 or 4 compliance though, using the 2048 RSA asymmetrical encryption method, private key isn’t know, hacker/unwanted party only has the public key if they obtain the transmitted data and cannot decode.

The ASX’s botched/slowly sinking CHESS replacement project should have strived for a software and hardware model based on FIPS 140-3, but alas they didn’t.
 

SummitFever

Eats Squid
Quantum computing will eventually blow the whole thing out of the water...
So much promise but there are some mutterings around the traps that the way errors accumulate with quantum computing complexity may make factoring large primes (to crack encryption) impossible.

Researchers have factored 21 but have not been able to factor 35 yet.

I really hope quantum computing doesn't go the way of cold fusion or room temperature superconductors.
 
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