Search content
Sort by

Showing 8 of 8 results by devandtech
Post
Topic
Board Speculation
Re: Who is dumping BTC?
by
devandtech
on 16/01/2015, 03:06:30 UTC
...
We are in the 1.0 phase no? 2.0 doesn't have to mean a new crypto. 2.0 could be a new path for bitcoin. Instead of the Mt.gox's and market hysteria of 1.0 we will have the hardware integration, widespread adoption and etfs of 2.0. Just my opinion.

That's what its being touted as, funny in an inside joke kind of way is all Smiley Imho its not really accurate though, all that stuff will be innovations that use Bitcoin while Bitcoin its self will change little and put focus on being a solid foundation to build upon, security, capacity, that kind of thing. The alts will be where the 2.0 stuff gets integrated into the core functionality of cryptos first and those features will only make their way into Bitcoin when they're tried and proven.
Even the concept of "2.0" has a bit of humour in it as that's more the way things work with propitiatory software, open source tends to have forks and diversions that are in use beforehand with major versions wrapping them up and making things tidy.

I agree with this. Bitcoin's foundation will continue to be built upon and alts will serve as more of a testing ground for future bitcoin tech. Everyone does get caught in the idea of 2.0 like it will be another bitcoin but I feel as I think you do, 2.0 is bitcoin with a legitimate ecosystem, significant testing, and very user friendly for the masses.
Post
Topic
Board Speculation
Re: Who is dumping BTC?
by
devandtech
on 15/01/2015, 23:51:39 UTC
Maybe it is time for a bitcoin 2.0 to arrive Smiley
Patience, Bitcoin 1.0 isn't here yet.

Sooo true.. lol
Smiley
It does get kind of irritating all this talk of Bitcoin 2.0 when anyone that's been watching it a while is eager with anticipation for the great 1.0, the only good thing is its a bit like jurnos writing about "Bit Coin" with an air of professionalism Wink

On-topic, there's a lot of views on who's doing the dumping and they all hint at a blind spot in human nature, looking for a single answer when usually there's a multitude of them. If there was a single cause then here is probably the least likely place to find it, this place is full of agenda driven posters and anyone with the kind of funds move markets that much will also have plenty spare to pay astroturfers to muddy the waters.
Bitstamp's probably the most likely as its the most recent news but after seeing the silkroad "crash" that started before news was even released its obvious headlines are sometimes more an excuse than a reason. Who knows, maybe China banned Bitcoin yet again.

We are in the 1.0 phase no? 2.0 doesn't have to mean a new crypto. 2.0 could be a new path for bitcoin. Instead of the Mt.gox's and market hysteria of 1.0 we will have the hardware integration, widespread adoption and etfs of 2.0. Just my opinion.
Post
Topic
Board Economics
Re: A huge storm is coming
by
devandtech
on 15/01/2015, 23:43:12 UTC
No illusions here. Facts are we went off the gold standard in '71 nobody is preventing anyone from using/obtaining gold but I would say the dollar is more stable it is why we we say x amount of gold is worth 1xxxUSD and not 1000au.
Post
Topic
Board Beginners & Help
Re: Bitcoin Wallet with deposit funciton.
by
devandtech
on 15/01/2015, 22:39:17 UTC
Do you mean an in client exchange for the wallet?
Post
Topic
Board Economics
Re: A huge storm is coming
by
devandtech
on 15/01/2015, 22:21:34 UTC
USD is the most stable currency in the world. Don't think that will change soon.

There is no such thing as stable currency, value is all relative, a scientific unit of value only exists in people's imagination. People tends to believe that their domestic currency is the unit of value, but not any foreign currency. So for a Japanese people, USD is not stable at all since it rose a lot against Japanese Yen recent years. Similarly, it rise against Rubble and petroleum by 50% in one year, while it fell against bitcoin by 1000% in two years


I don't follow. I say USD is stable because it is the closest thing to a universal currency. We don't have a gold standard anymore. Everything is calculated in terms of dollar amounts because it is the most stable.
Post
Topic
Board Speculation
Re: Who is dumping BTC?
by
devandtech
on 15/01/2015, 22:08:24 UTC
Maybe it is time for a bitcoin 2.0 to arrive Smiley
Post
Topic
Board Speculation
Re: Who is dumping BTC?
by
devandtech
on 14/01/2015, 14:53:58 UTC
long term holders and or people deciding to cash out and watch for a sec
Post
Topic
Board Economics
Re: A huge storm is coming
by
devandtech
on 14/01/2015, 14:31:13 UTC
USD is the most stable currency in the world. Don't think that will change soon.