Some link out in "the wild" brought me to this thread. Considering the date of it's composition, and from members who may not even be around anymore, I, as a noob in crypto, still found it illuminating and thought others noobs might as well.
I wonder, seeing as there are so many cryptos and exchanges on which to trade these days, if any of the members (new and old) would care to spend some time adding to the arguments/reasoning in the light of today's crypto scene and how you foresee it playing out in the short term (2015-2020) and beyond.
NOTE to the mods; When I went to reply to this thread I encountered this...
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...after consideration I chose to go ahead with my thoughts as stated above. Please allow this thread to continue on the course that serendipity allows.
Furthermore I came late to the crypto scene. I watched Bitcoin's fall continue from it's seemingly inevitable resurgence (from it's ATH of 2013) in the late spring of '14 where I almost bought in but decided to wait and watch. I consider myself a fortunate man but I do not consider myself a learned one. I did continue to watch Bitcoin tumble down as the Altcoins proliferated.
I stayed out and as counting myself as what would be considered by most (who have a full understanding of the math and the potential of Bitcoin and the Blockchain) a layman I tried my best to use what due diligence I could muster. I read, much was beyond my understanding but the potential I could not deny. Nor could I turn my attention away from the scene.
I watched the "fiat" value of bitcoin decline, joined in the fall of 2014 and watched through the winter of 2015 but I continued reading through much of the distractions here at btctalk and other sites. I watched real money being invested in this tech. I had an agenda myself but have since left that for a more amicable time, if one should ever come.
I am at this time a small holder and trader of BTC and other Alts. I personally believe this all is going to be a big part of the future. Well not all but the cream will rise to the top.
So, what do you people think about the term "scam"? Is it deserved? Is not all publicity good publicity? This crypto currency scene is very much like the discovery and harnessing the power of fire. Never mind the internet. Fire is still with us and causes great calamity but where would humanity be without it?
Crypto is math and math has been around at least as long as fire, imo longer because before fire was harnessed there were always a certain number of bellies to fill.
So will mankind learn to live with Crypto? Will Crypto find a way to improve the human condition as did fire?
Or is this all about money? And isn't money just fiat, and after all is said and done just a zero sum game?
~may all hatred cease and let there be peace~
fdyl