Bank of America: Bitcoin Will Be 'Serious Competitor' to
Bank of America: Bitcoin Will Be 'Serious Competitor' to
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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Stop advertising Nano as a way to pay people, advertise it as Bitcoin's competitor and digital gold
Libra is going to dominate the "pay people" market by a thousand miles, it's going to launch with integration into millions of merchants across the planet and it's a stable coin. Nano can't compete with that in the slightest as far as payments is concerned. Nano hasn't even been able to obtain a decent fiat on-ramp in all of these years, something that Facebook will accomplish within day 1 of launch. Where Nano excels is that it's decentralized, and that it's a better Bitcoin. Nano is Bitcoin 2.0, it has scalability built right in to it, and it's free and instant. All things that Bitcoin sucks at. Libra relegates Bitcoin and Nano and all other "payment" cryptos into the digital gold sphere, and honestly that's where they've always been. People only have ever bought crypto as an investment, unless you're buying drugs or doing something else dodgy. But the vast majority of people who get into crypto are doing it for price appreciation, not so they can "buy things with it" -- that's just seen as a perk. The whole "crypto is new money" thing is an obvious smokescreen and always has been, none of the technology in this ecosystem has ever been able to scale to the requirements of a global USD replacement, and it's still unknown whether it can to this date. Nano is making great progress in this regard, but even 10,000TPS isn't enough for that sort of throughput, something that only, for now, a semi-decentralized currency like Libra can achieve. It's digital fucking gold, and it always will be -- ESPECIALLY now. So where does that leave Nano? It leaves Nano as a better Bitcoin, a better digital gold. A FAR better digital gold. It has no inflation at all like Bitcoin does as well, so it's fundamentally worth more on a one-to-one comparison. And once people start buying Nano as an investment, we can worry about being a "payments service" later. Digital gold doesn't require millions of merchants to accept it for payments, so it's a better starting point. It's time to start posturing this way and stop being scared of the BTC community. Anyone who mentions Nano there has been getting banned for over a year anyway, so it's not like we have anything to lose. So don't be afraid of BTC maximalists, don't be afraid to tell them that Nano kicks their ass, because it's true.
Bitcoin competitor coin - Am I too dumb or most of the proposed smart contracts use cases are unenforceable?
I´ve heard again and again that bitcoin is "obsolete", "the Myspace of crypto" etc. so I have taken some time to read about one of its competitors. They talk about smart contracts powering loans, bonds and mortgages. Am I being too naïve or this whole thing looks way overhyped and unenforceable in first place? So let´s say some government or company raises money through a "smart contract bond". Be it denominated in dollar or any token. The money is obviously taken to be spent somewhere: infrastructure, salaries etc. Suppose the payment comes due and the debtor is broke, or simply traded that money for bitcoins. How will this be executed? Of course the token which was borrowed will not remain still on its adress for the whole time. Then there are the financial contracts. Both parties would send the token to an address and, depending on a specific outcome (gold price, sex of a celebrity baby, yen price etc), the transaction would have a "winner". In my limited thinking, the decision depends on a reliable "oracle" from outside the "smart blockchain". So how is that too different from using a betting/crypto-financial/CFD website with years of reputation and network effect, marketing strategies, management etc? This severe limitation in enforcing the smart contracts looks a lot like this South Park scene to me: https://youtu.be/lIA6JK7VPik?t=54 I´ll (try to) post on 3 different subs and read the answers carefully. Not from an IT background and English is not my native language. Thanks in advance.
@nic__carter @Truthcoin Classic error thinking Bitcoin competitors for payments are visa/ach/MasterCard (processors… https://t.co/6D85kqppes - Crypto Dynamic Info - Whales's
Posted at: February 17, 2019 at 06:30AM By: @nic__carter @Truthcoin Classic error thinking Bitcoin competitors for payments are visa/ach/MasterCard (processors… https://t.co/6D85kqppes Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t Join Telegram Channel for FREE Crypto Bot: Crypto Signal
Like bitcoin, Ethereum’s sharp rise in popularity has seen it encounter a range of scaling issues. However, with work currently underway to help Ethereum scale to cope with increased demand, it looks set to remain bitcoin’s number-one competitor for some time to come. How to buy Ethereum Learn more about Ethereum. Where to buy Ethereum Bank of America: Bitcoin Will Be 'Serious Competitor' to Cash A new report from analysts at the bank suggest the digital cryptocurrency is on its way to becoming a major player in electronic payments. The patent also states that the process can replace Bitcoin’s current proof-of-work system. “Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be a proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously.” So putting aside bitcoins for now, which are by far the most well-known and valuable, here is what you need to know about some of the most popular bitcoin competitors. 1. Litecoin – First Mined Kraken is a top competitor of Bitcoin. Kraken was founded in 2011, and is headquartered in San Francisco, California. Like Bitcoin, Kraken also competes in the Transaction Services field. Kraken generates $10M more revenue vs. Bitcoin.
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