loading...

Crypto Currencies - What do you think about it?

marpme profile image marpme (Marvin) 惻1 min read

Header Crypto

Lately, I came across this thesis survey:

Which made me think about:

  • What do you, as a developer and also non-developers, think about certain aspects of crypto currencies?
  • Have you even heard of it?
  • Do you think it's something that you will work on in your coming years?

Please let me know and definitely check out the survey to answer those questions made by AnnaRomeroSierr

Discussion

pic
Editor guide
 

"Cryptocurrencies" is an oxymoron in my opinion. The more successful of them are basically Ponzi schemes which makes them as reliable as betting on horse racing, the others don't even have any real-world use.

Where - outside some Asian cities - can I pay with XEMs? If I can't pay my coffee with it, it is not a currency.

 

Cryptocurrencies are so volatile as to be worse than useless as a store of value. The volatility encourages hoarding ("I'm hanging on until it recovers/hits the next milestone") and discourages its use as a medium of exchange. The difficulty and unpredictability of transacting in cryptocurrencies have so far meant that its best-known uses have been either speculation or trafficking in illegal goods. And proof-of-work has wasted a staggering amount of electricity that could have been put to uncountable better uses. Fiat money has problems, but crypto has more.

 

Hi, I am working with crypto for more than a year now. I can tell that the industry is a mess, little to no standardization, a lot of scammers (much less than 2017, but still a lot).

But the problem is not in the concept of crypto or underlying technologies, it's in the people who make a lot of noise and do not contribute anything useful. It's a shame.

I believe in coming years the field will mature and we will see life-changing use cases of crypto. It has a lot of potential to make the economy more inclusive and fair.

For example, we in Tagion are developing a protocol-level project, that can scale to handle the amount of transaction comparable to Visa/MasterCard, being decentralized and owned by the users of the system. That is a complex solution to build, but once we have it, it will be an obvious choice for many people and entrepreneurs, because it's cheap, reliable and inclusive.

 

I think its great as I see it its gonna be the future of digital currency.
Also I've been in Bitcoin Futures Trading as well so I recommend you guys to try it as well.