Quote from: airman on January 31, 2014, 12:45:59 PM

Quote from: manfred on January 31, 2014, 11:46:43 AM

Serious competition for doge.
A lot of people here seem to believe bitcoin and dogecoin share the same future. The will not. Bitcoin is a store of wealth Dogecoin will never be a long term store of wealth (100 year+). No-one seriously puts his retirement fund into a dogewallet. Dogecoin is used for tipping for deeds or payment for small goods. The proplem with this is the ever faster growing blockchain. Other alternative payment methods dont have this burden and are a lot faster and can be used with less technological advanced products.

So has anyone heard of Paga? (https://www.mypaga.com/) or others?

One million users in Nigeria (seriously) are using it for mobile payments.
Its a service that "provides you with a fast, convenient and secure way to make and receive payments," one which describes itself as "the best alternative to carrying cash, using checks or ATM cards, traveling to and from the bank, and waiting in long lines to process payments."

Check this out
http://www.businessinsider.com/10-financial-innovations-more-exciting-than-bitcoin-2014-1

The main purpose with the creation of digital currencies was to make able the transactions for using the coins for payments without going through a bank or an organization that controls the coins. This is the purpose of decentralized currency. Actually this has turned out in a very different way, but the way that the example that you give works directly with bank through making deposits on them to make payments via sms or somehow. That's why it's so well adopted, because banks permit that. The point for digital currencies would be that payments are allowed by banks anonymously, which is quite far away to happen, basically because they wouldn't know who to charge taxes to as they normally work together with tax governments. And the volatility of the coins is way loong far away to become stable as they are under no regulation. So if this was permited with no regulation maybe you pay a bill of 50 dollars which turns out to be 25 $ the next they for the bank. If they want to make it, they will have to regulate it and permit it which won't be too bad for altcoins depending on how far they go with regulations and how much we let them go with them. Once you let the big ones come in the game, we are fucked, they start to shake your hand and finally they will eat your arm faster than you realize.

crypto is still far from perfections. But the real change is fast adoption and fast upgrade with a choice of money. Any crypto found to be totally manipulated like FIAT will be dumped instantly making all owners of crypto or FIAT lose everything and that is why there is wild assets purchase driving asset bubble as these people know how the Bank speculate the values of money up and down screw everyone who take loan from them. Bankers value everything up and down. The victim borrow and take a overvalue loan and later Bank value the assets down which also mean value the FIAT up so this up/down power blow up the economy. Bankers pocket all the profit and own every assets on Earth in the end. Bankers create FIAT to purchase everything others is making?

FIAT and crypto are both just digital numbers relies on acceptance. You had just witness how a currency being value that screw everyone that use it. All savers are eaten alive in 40 years time but now crypto can replay the same values up and down in a fast forward time and merchants need a crypto that has real values which is most stabilize.