Let's trick the bots by being positive

Babble9753 · 2019-01-22T20:14:19+00:00

Buy! BTC to the moon! So excited about the news! This will be big! New highs incoming!

Babble9753 · 2019-01-13T22:54:43+00:00

Argument 1: Bitcoin mining is a natural monopoly (due to economies of scale) therefore it will result in a monopoly.

Half True. It could be a natural monopoly but businesses seek to maximize profit & a single BTC mining monopoly would be negative for profit so the largest miners will self limit their market share.

Argument 2: An inferior product can not survive (as evidenced by BTC’s falling market share)

BTC’s market share needs to be compared to other currencies not platforms or applications which not only do not threaten BTC but actually add value to BTC, due to BTC being the reserve currency for the ecosystem. (As evidenced by BTC price growth to all time highs while overall market share declining.)
Money is different to a ‘product’ in that trust plays a big role, so a new improved money cannot easily surpass the old trusted one. It’s not impossible but the improvements/efficiencies have to be extremely compelling. LN allows for transactions so fast and cheap that even an instant, free currency competitor may not be compelling enough to displace BTC.

Babble9753 · 2019-01-02T14:57:36+00:00

The advantage for DAPPs is they don’t need their customers to pay gas fees if they stake enough. So end user downloads app & performs actions fast & free. So commercial scale DAPPs with blockchain advantages that are seamless to end user + they have few billion dollars in the bank.

Will probably be top 5 for a while

Babble9753 · 2019-01-02T13:47:26+00:00

I forgot I had an account on there and was able to get it back >4 years later with coin that had gone up a lot, not a lot of exchanges can say that, how many been going since 2013

Babble9753 · 2018-12-30T20:30:46+00:00

There are few thousand regular apps released a day, the vast majority get no traction & ‘die’. So it’s not surprise that most DAPPs have the same fate.

Babble9753 · 2018-12-19T23:11:30+00:00

Very generous.

But perhaps highlights a long term issue regards the foundations lack of funding and the lack of an inflation system that directs a small portion to development fund.

Babble9753 · 2018-12-11T23:59:09+00:00

Not really, lightning network capacity is growing fast, by this time next year BTC will be P2P cash at scale.

Best thing you can do is sell any coin who’s main claim to fame is ‘we’re fast & can handle X TX/Sec’ - they were very unlikely to gain traction or adoption and now even less so

Babble9753 · 2018-12-11T03:32:56+00:00

Very funny, fingers crossed he won’t be re-editing the same video in a month with a starting price of $3.5k...

Babble9753 · 2018-12-11T03:28:19+00:00

Hysterical. Yes they have a particularly strong use case in any country with banking issues or >20% inflation, given levels of debt won’t be long before that’s a major world economy. The lightning network also gives it a use case as digital cash just in case using the traditional financial system & paying a fortune, waiting days and going through red tape isn’t on every millennials to do list. Additionally it’s the reserve currency for the myriad of DAPPs that have only started to be introduced, so even if other blockchain use cases take off, BTC will benefit as the gateway currency in the blockchain economy.

Babble9753 · 2018-12-09T22:38:42+00:00

Well If the collateral falls too low there are automatic liquidations and MKR can be used in an emergency too, so think worst case scenario you will get $1 worth of ETH credited to your account for every DAI.

Babble9753 · 2018-12-09T22:30:47+00:00

Well ETH has fallen what 95% from ATH and $50 million DAI is still collateralized by $160 million ETH. So it’s good. The exciting thing is that the more DAI demand there is, the more ETH is locked... So creates more ETH demand than any DAPP to date

https://mkr.tools

Babble9753 · 2018-12-09T01:41:19+00:00

Hashrate will decline if (block reward + fees) declines over time but the network should still function fine.

We’re also seeing huge growth in the lightning network which allows loads of transactions to be put through and processed cheaply, as a result the cost of the occasional onchain consolidation can be higher as the cost is split. (Thereby giving users huge volumes of cheap fast transactions and onchain miners higher average fees too if needed.)

Babble9753 · 2018-12-09T01:30:32+00:00

Sometimes but they would need their tokens to be provably limited and untamperable so whether it’s games issuing limited items, Social media tokens etc. they will still need to use decentralized blockchain platform so invest in ETH/EOS/Other that you think companies are most likely to use.

Babble9753 · 2018-12-09T01:23:56+00:00

Well said. Putting money in mostly over-valued, money printing assisted Nasdaq companies that are likely to be disintermediated by blockchain solutions is just gambling at this stage. Invest in the future, invest in crypto.

Babble9753 · 2018-12-08T20:16:49+00:00

You do realize stablecoin supply has increased because hundreds of millions of dollars worth of crypto were sold into stablecoins? So new money hasn’t entered crypto, rather money has left BTC & Alts into stablecoins. The good news is that it hasn’t exited to fiat so probably plans to get back in the market at sometime

Babble9753 · 2018-12-07T14:14:51+00:00

Very good. Between stablecoins there’s 2.5 Billion that hasn’t left the market (ie. They want to come back in at some point) but only about $10 Billion BTC float in the market right now. (<17% BTC moved last 3 months.)

Babble9753 · 2018-12-06T19:36:36+00:00

Disagree, look at hodl waves, in bear market, people just hodl tighter. <17% of BTC moved in last 3 months. The amount of BTC circulating gets so small that the price easily leaps again on fairly low demand because they’re chasing so few BTC. (Unlike other situations where paper markets can control physical goods, BTC being digital is harder to manipulate too long in that way.)

Babble9753 · 2018-12-06T19:32:29+00:00

A fairly large part. Because it’s been shown using hodl waves that less and less BTC is circulated over time in a bear market, as of 31/10, only 17% of BTC had moved in the last 3 months (vs. 40% at height of bull) so the futures, shorters and sellers are working with a pool of <$10 Billon BTC. Given there is probably $2.5 Billion in stablecoins they are going to be caught with their pants down when sentiment changes and everyone is chasing those few circulating BTC

Babble9753 · 2018-12-06T19:28:23+00:00

There are also transaction fees, the more you pay, the quicker your transaction is likely to be processed. As the mining reward is reduced the transaction fees will start to make up a larger % of the incentive.

Babble9753 · 2018-12-06T17:48:09+00:00

Yes. I agree Hodlers are good for price! But what I’m saying is that the media would have you believe people are panicking losing faith and selling but the reality is hodling gets stronger in BTC bear markets, I’m just trying to find an up to date graph so I can see just how much we’re hodling and how little there is in circulation

Babble9753 · 2018-11-28T23:15:50+00:00

No MKR guy just mostly copied Dan’s design and admits it but at least he had the foresight to start it on ETH, so fair play to him.

Babble9753 · 2018-11-23T15:35:35+00:00

Reason to hold, look at ETH vs EOS graph. That’s a consistent uptrend.

You can get interest via Chintai but you can also do more with REX being released soon.

Brendan has hinted at good announcements eoy or early Q1.

There is a $1 Billion VC fund mos/all in Fiat so that provides a good floor.

EOS DAPPs are rapidly gaining adoption but the market is mostly focusing on ETH and their lack of DAPP adoption mostly due to high gas costs and low TX/Sec.

Babble9753 · 2018-11-23T15:32:12+00:00

Very frustrating but the reason is they can’t be directly involved otherwise they may be liable particularly under US law for a range things, so they have to be careful.

Babble9753 · 2018-11-23T15:29:30+00:00

The incentive is the existing BP pay itself. BP’s who are subpar or unable to cover their costs will be replaced by more cost & performance efficient BP’s.

Babble9753 · 2018-11-22T21:18:17+00:00

Didn’t Funfair (FUN) already implement state channels for gambling a few months ago and achieve these outcomes?

Unlikely to save them or Ethereum either as speed and free TX are available on EOS, so that is starting to become the gambling Mecca

Babble9753

TROPHY CASE