Do you think cryptocurrencies are the future?

[R-T-B]

I've can't recall any case where it has been a problem.

Look ford, I don't know what part of "it happens everyday and is actively offered" is hard to understand re anonymous registrations. Maybe they are fudging the system, but my guess is they are just submitting themselves as the registrant or something.

It's irrelevant and a complete tangent to the end point though...

 

[FordGT90Concept]

Um, looked back, no link or name given of such a service. ICANN forbids anonymous for the same reason properties always have to have a verifiable name on the deed. Someone could theoretically buy a domain name from a registrar using cryptocurrencies but the registrar is still required to collect accurate contact information. Failure to provide, and keep up to date, records can result in forfeiture of the domain name. The registrar can put their own contact information in and hide the owner from the public record but they're still required to make the owner's contact information available upon request. Registrars are contractually obligated to follow this process. More info.

 

[R-T-B]

Um, looked back, no link or name given of such a service.

If you need one, consult bitcointalk.

It's still irrelevant to my point. And if you really had to, nothing is stopping you from using a fictional name.

This is getting circular and pendantic, frankly.

 

[FordGT90Concept]

If you need one, consult bitcointalk.

What?

It's still irrelevant to my point. And if you really had to, nothing is stopping you from using a fictional name.

http://archive.icann.org/en/udrp/udrp-rules-24oct99.htm
TL;DR: if the ICANN can't contact you in regard to a dispute, the domain may be forfeited to ICANN to put on the market.

ICANN/registrar has no obligation to you if you falsify records.

 

[R-T-B]

What?


http://archive.icann.org/en/udrp/udrp-rules-24oct99.htm
TL;DR: if the ICANN can't contact you in regard to a dispute, the domain may be forfeited to ICANN to put on the market.

ICANN/registrar has no obligation to you if you falsify records.

Tl;dr: only the email has to be valid.

I know because my own domain name, glacialsoftware.net is in my registrars name, not mine. And the info they have to provide upon request? They maintain they would only provide my email without a court order for my name and address.

It is very easy to get an anonymous email. I'm sure you know that.

I use no-ip, and if you do a whois, you'll find their legal department for complaints. I'm certain there are hosts willing to have no info on file at all at bitcointalk listings, but meh, must not exist because ICANN regulations. They probably ARE fudging the rules there, but the bottom line is it happens and they get away with it en masse.

Seriously ford, you are driving this OT to establish something pretty much irrelevant to the discussion. No one cares about the nitty gritty of the use case, or even it's ethics. My point was soley that it exists and is used. I'll link you some crypto ads in PM if you insist but will not continue to drive this further OT into ICANN policy of all things.

 

[Norton]

Maybe you 2 should take this to PM since this is looking like a 2 way conversation anyway....

 

[R-T-B]

Maybe you 2 should take this to PM since this is looking like a 2 way conversation anyway....

Agree.

I'll link you some crypto ads in PM if you insist but will not continue to drive this further OT into ICANN policy of all things.

 

[damian246]

I kinda liked the 2 way debate, it showed that we are pretty different in our believes and that believes stop where knowledge begins.
Most people believe on a state of rightness, a society where all laws are obeyed to the small print. They overlook or don't believe that printing more $ could have a political ulterior motive. Printing more $ create inflation and inflation is the enemy of the common men (people if you will). The creation of bitcoin sprang from that very reason and the bitcoin crowd still believes that one blockchain currency will substitute all other currencies.

The believes of the blockchain crowd are as mislead as the believes of the state of law and order.
21 million bitcoin or one bitcoin for every 5 people? (if world population freezes that is) And you cannot freeze development.

Interesting article of all the monies in the world > https://www.marketwatch.com/story/t...s-in-the-entire-world-in-one-chart-2015-12-18

You can buy domains with endings no one knows they even exist, there is more to domain endings as only .com.

 

[qubit]

Just to answer the original question in post 1, no I doubt it, or after a decade they would have been more prominent.
Instead they are characterised by massive instability in value and abuse by criminals. Shame really, because I agree with the principle of cryptocurrencies.

 

[ppn]

And there are so many of them, new one every minute.

 

[damian246]

And there are so many of them, new one every minute.

Yes unfortunately for the blockchain movement there are more and more. Showing us how far away most creators of coins are from Satoshi.
Greed is the name of the game, you see a new start up and the people doing the grunt work getting next to nothing while the "leadership" is not sharing their income ratio.
IMHO about 30 to 50% of the newly created coins will die rather sooner than later.

 

[Aubin]

Hello all. I'm writing this because from your answers depends my future (kind of). So that's the thing, I came from USA with loads of money, I mean more then I get here. So, I'm really new at this all these mining things, and I was wondering is it still profitable to invest into cryptocurriencies? Because I've heard rumors that bitcoin is going to jump above 100k in few years, but skeptics says that it is impossible. What should I do?

 

[OutThereSomewhere]

Hello all. I'm writing this because from your answers depends my future (kind of). So that's the thing, I came from USA with loads of money, I mean more then I get here. So, I'm really new at this all these mining things, and I was wondering is it still profitable to invest into cryptocurriencies? Because I've heard rumors that bitcoin is going to jump above 100k in few years, but skeptics says that it is impossible. What should I do?

I think you've answered your own question.

 

[neatfeatguy]

Hello all. I'm writing this because from your answers depends my future (kind of). So that's the thing, I came from USA with loads of money, I mean more then I get here. So, I'm really new at this all these mining things, and I was wondering is it still profitable to invest into cryptocurriencies? Because I've heard rumors that bitcoin is going to jump above 100k in few years, but skeptics says that it is impossible. What should I do?

The way I see it, investing in a cryptocurrency is just a long term gambling venture.
Might it go up? Sure.
Might it go down? Sure.
No one knows for sure how it will all go.

Is it worthwhile to invest money into it? That's where you have to decide if gambling is your thing and if it is, how much you want to gamble.

 

[lexluthermiester]

What should I do?

Crytocurrencies are not an investment. They are a hobby that happen to have a few interesting uses. Invest your money somewhere far more stable.

 

[trog100]

bitcoin is now very stable at around $6500 it has been for few weeks.. things have changed somewhat..

and in todays world there is nowhere that is guaranteed stable lex.. except maybe gold bullion.. which isnt likely to go down much but it could well go up a lot if the markets crash as i think they are in the process of doing doing right at this moment..

trog

 

[Salty_sandwich]

No i don't think cryptocurrencies are the future, I used to mine them back in 2012
However I do believe the Blockchain tech is a grate idea for other uses, other than a currency

who holds the biggest % of all the bitcoin hashing power these days ?

To much manipulation when trading, for one / pumping and dumping

when your told dont put more in to it than you can afford to lose, really means your just going to be sharked ... and there are lots of sharks in the crypto scene.

Just a warning to those of you who dont really understand crypto but thinking of investing, my advise, don't, bitcoin has lost it's way when you go back to it's roots and the idea of it.

most people will get fleeced sooner or later.

 

[hat]

Hello all. I'm writing this because from your answers depends my future (kind of). So that's the thing, I came from USA with loads of money, I mean more then I get here. So, I'm really new at this all these mining things, and I was wondering is it still profitable to invest into cryptocurriencies? Because I've heard rumors that bitcoin is going to jump above 100k in few years, but skeptics says that it is impossible. What should I do?

You would need a crystal ball to truly answer that question... It could go up, could go down, nobody knows for sure. As for me, I paid a whopping $900 over a year ago for two graphics cards to mine with. So far it's paid for itself, but the profitability right now is much less than I'd hoped for... but I'm still piling up BTC for a rainy day, or if the value grows a lot again...

 

[damian246]

..... I was wondering is it still profitable to invest into cryptocurriencies? Because I've heard rumors that bitcoin is going to jump above 100k in few years, but skeptics says that it is impossible. What should I do?

Sure is, just be aware that it goes up and down. The higher the uncertainty, the bigger the stakes the higher the risk. There is a race going on, which coin will still be here in 2020. A looming economical down turn is certainly helping Bitcoin and many altcoins. Don't forget one thing, there is a lot of hype in the blockchain movement. New ICOs almost every day. Many just made to get your money. But still, a few have a chance. Will Bitcoin in the end replace FIAT? I don't think so, there are too many people thinking that the "whole coin thing" is a fraud. BTC or Btcoin are going into its 11th year, that is quite old.

You should not invest in something you have no idea about.

 

[FordGT90Concept]

Hype? What hype? The hype peaked in 2017. Where's this influx of cash going to come from? Marketcap of crypto is about $1 billion if memory serves. To reach $100,000 per coin, the market would have to expand by 1,538% reaching $15.3 billion market cap. Seems extremely unlikely. Not impossible, but I wouldn't bet on it.

 

[damian246]

Hype? What hype? The hype peaked in 2017. Where's this influx of cash going to come from? Marketcap of crypto is about $1 billion if memory serves. To reach $100,000 per coin, the market would have to expand by 1,538% reach $15.3 billion market cap. From who? Seems extremely unlikely. Not impossible, but I wouldn't bet on it.

Go to twitter and listen to the blockchain crowd. Tron, Hodl are hyped. i.e. there are more.
Way too many Coins for my taste.
You don't need to concentrate on BTC, ETH could well go from 200+ to 2000+ and your market cap is inflated.
Actual market cap is at 125 Billion I think. > https://www.blockchain.com/charts/market-cap

 

[FordGT90Concept]

Go to twitter and listen to the blockchain crowd. Tron, Hodl are hyped. i.e. there are more.

Of course they are because they have the most to gain from it. I'm picturing Jim Cramer right now.

Actual market cap is at 125 Billion I think. > https://www.blockchain.com/charts/market-cap

In which case it would have to grow to almost $2 trillion to reach $100,000. Fat chance, at least not in the next five years.

 

[damian246]

Of course they are because they have the most to gain from it. I'm picturing Jim Cramer right now.
In which case it would have to grow to almost $2 trillion to reach $100,000. Fat chance, at least not in the next five years.

Yeap for that very reason its called hyping

I doubt BTC will get there in 5 years.
Could well be that it won't be there in 5 years as there are more advanced alternatives i.e ETH or even ETHC

 

[dorsetknob]

Go to twitter and listen to the blockchain crowd. Tron, Hodl are hyped. i.e. there are more.
Way to many Coins for my taste.

Twitter the latest boiler room selling forum "Buyer BEWARE"

 

[Vayra86]

Sure is, just be aware that it goes up and down. The higher the uncertainty, the bigger the stakes the higher the risk. There is a race going on, which coin will still be here in 2020. A looming economical down turn is certainly helping Bitcoin and many altcoins. Don't forget one thing, there is a lot of hype in the blockchain movement. New ICOs almost every day. Many just made to get your money. But still, a few have a chance. Will Bitcoin in the end replace FIAT? I don't think so, there are too many people thinking that the "whole coin thing" is a fraud. BTC or Btcoin are going into its 11th year, that is quite old.

You should not invest in something you have no idea about.

You don't seem to understand that what you are saying is contradictio in terminis from beginning to end.

As long as there are all these scams coins, huge fluctuation in value, and mass manipulation, and no enforcement on those, crypto will never be reliable. And with its lack of reliability, comes massive devaluation, making it a very silly investment. It will always remain short term gain, in other words, a bunch of vultures pecking at corpses. It has no future in this state as a currency, and without purpose, there is no value.

That doesn't mean you can't make money off it, of course. But its not a very healthy environment altogether.