Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
fuk
on 19/02/2019, 15:08:23 UTC
i mean ok, you don't like illegal things. Where is the legal things then? Even random pornocoin will have more usecases then Obyte. Shame
For legal goods and services there are Paypal and credit cards. They fulfil the requirements splendidly.

The Zero-Byte regime now lacks the foresight that the unregulated market double every year.
The unregulated market not only offers illegal goods, but the suppliers there have an interest in using a marketplace where they can act freely without being confronted with the usual harassment by state authorities.

Again, not correct, you most probably are not PayPal user or haven't developed using anything using PayPal.

Money on PayPal is not your money, it's same as money in bank and PayPal is happy to freeze your money even faster than a bank.
PayPal is great for recurring payments, but lot of their tech is frozen for 10 years, so it is not really programmable money. For that use case, they have bought Braintree.
Things that PayPal is basically same as email attestation on Obyte. They are totally missing the chat payments, so they bought have Venmo too.

Obyte is much more than PayPal, Braintree or Venmo.

Most people opsec sucks (including me and you), so there is handful amount of people who would not shoot themselves in the foot doing illegal stuff on Internet. So, it doesn't matter if more people buy weed every year or not, suggesting them to use cryptocurrencies where it is still illegal is stupid. So, if there is only handful amount of people who could do their opsec securely without getting caught, there will always be bigger market for legal stuff, no matter if there is already PayPal or not, because it's not a same product as PayPal.
There is no need to be ultra illegal or ultra legal. Both markets are open and it would be great to be accepted on both. But both legal and illegal markets completely ignore Obyte.

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because it's not a same product as PayPal
what Obyte can offer to a legal merchant, that can't offer PayPal (visa, alipay, eth/dai and so on)?

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1) Like I said, don't see the hashrate drop even half linear or logarithmic scale, there was quite a drop in December, but nothing special. If the hashrate doesn't drop half, then the price needs to double. One or the other.
1. So, do you think that miners will start selling BTC without profit? Or they start selling their previously earned profit at lower value?
Small miners turned off the farms, large miners mined at the expense of previous profits
March 2018 Bitmain holdings:
BTC       22,082
BCH 1,021,306
Now
BTC      6,000 (liquidated 70%)
BCH 750,000 (liquidated 25%)
https://twitter.com/btcking555/status/1097819249538723841