Originally Posted by cdoublejj
EDIT: also i think better currencys due to | with or with out regulations will popup but, these other currency probably still have some value and will linger around.
also what about list of current crypto coins, like all the types of coins.
I will work on getting the coin types and algorithm lists up sometime soon. Good catch on CoinBase... I thought I had already listed it! I also added CryptoRush to the list. Some of those exchanges are sketchy, but hey... less sketchy than Mt. Gox obviously was and look how many people threw their cryptos/fiat into that sinkhole!
Originally Posted by smex Warning: Spoiler! (Click to show)
--->> I´ve shortened my post and your quote to the IMO main things i agree with you. This topic is just that complex that i would need to write something
like a book and have time to arrange it to make myself clear. This is just freely spoken / written and i hope that the amount of information that is missing
due the fact that this is a post in a forum doesnt make my analysis getting lost in the shuffle." DiGiCiDAL wrote: "
" While I agree with much of your previous assessment and statement, I have significant issues with the accuracy of this one. While it is true that banks (especially central banks) have offered relative safety against total destruction of wealth - it is also true that the price for that is much more than many people realize. I'm not sure how it is where you live, but in most countries there are some basic principles at work which nullify much of the advantages of banking in general (which is why many countries/states/towns/companies have created their own currencies for nearly as long as currency has existed).
--->> I absolutely agree with this, there is a big bandwidth of some people / groups / coorperations and states that do have more advantages out of this and some have almost no
positive consequences or are even being exploited. The kind of analysis always depends of what system and what scale you analyse. Now the big problem is that
the groups of people who are being more or less exploited.. ( a small pyramide for example: workers in your / my country with low wages and low education to
workers in the 3rd world country with even less education and earning possibilities ) .. are bound on consuming things.
While in the western world mean people could call them proletarians, ( they really do not make much profit out of this economy system) they are still "rich" compared
to many people in the 3rd world, even compared to persons with acedemic grades.
The (un)funny thing is, theese people (very very hard said!! but i hope you understand what i try to say) in the richer countries did not learn to think, nor have
learned to understand what it means to discover happyness in life . Influenced by mass media, by rich peoples lifestyles and so on.. they just consume in order
to fake happyness in life. This is not only a phenomenon of probably poor people.. this is going thru the whole society. Consuming stuff from an economy that
is growing larger and where local vendors are dieing more and more or still are dependant on big facilities for some kind of mainstream products.
Groceries, cloth, cars, computers / technical devices: IPHONES ( WANT APPLE NOW EVERYONE!! NOWW!! ) Playstation 1,2,3,4 , smartphones and so on.
..in the meaning to have a use of it but also as status symboles.. in both ways.
In order to bring in a new currency you have to either break this kind of desire and / or be able to produce it and offer it for cryptos for example..
Now we could break it down and analyse what money / currencies stand for and say ok lets trade with tomatoes and not money, just kidding but i think
you get the point.
So this MASS of people demanding ( and not really knowing about this) such a system should be able to get in a dialogue with you or me or some other
open minded ( when i say this i DO NOT SAY THAT I AM BETTER! ) people in order to bring change. The problem is that i have the feeling that i have great
trouble to come to a real respectfull and intelligent dialogue with many people without that it gets to some competition of what is better and arguments get
personal instead of ONLY the analytical point of view in order to stay a dynamic thinking and feeling human being who / that is enforced to create its
world and surrounding (society) more free. )-:
"I'm not suggesting that most people (a significant majority in fact) don't agree with your assertion - they most certainly do - however, I'm not one of those people. The problem is that most people don't actually think about their 'wealth' at all - I'm not referring to those considered 'wealthy' by saying that... even a college student with nothing but a used car to their name is affected by this. This is the first way in which the central banking model is destructive to wealth - devaluation. Much credibility is given to inflation metrics - which in general only consider things that don't hold value - as a determination of whether a central bank or fiat issuing government is 'doing it's job' economically speaking. However, the bottom line is that the things which are truly a store of value are constantly becoming more and more expensive relative to those currencies.
---> Yep, i agree again. Most of my thingking about this is in the first block in this post that you´ve read 5 minutes ago
Just to repeat, real value comes from the inside of a human being.. only if this can be learned, we are able to treat other people and this planet in an open minded
fair and towards the future positive way in order to evaluate and not live by the principles of the stone age where the rule "the stronger one wins" is leading.
I see where you are coming from - and I agree with the philosophy behind it (it's similar to the zeitgeist movement actually)... however, I consider it unlikely to ever exist. I agree that it would be wonderful if we could divorce ourselves from the rampant consumerism and superficiality seen in most industrialized nations today - but considering that many of those economies (and arguably all
1st-world economies) are now based almost entirely in that conspicuous consumption model... the "growing pains" of that evolutionary step are likely too much for most people to stomach. Here in the US we basically don't manufacture anything anymore - certainly in comparison to the 50's-90's. Yet our appetite for consumer goods (mostly fueled by easy and available credit) is growing daily.
Perhaps some day we'll actually evolve - both socially and economically speaking - but based on the whole of human history... I'm thinking that is very, very unlikely to occur in my lifetime - or for that matter in this century.
And in trading news... DOGE is back with some crazy swings again! YAY!
Buy ~700K @ 165 -> Sell ~400K @ 174 -> Sell ~200K @ 177 -> Buy 50K @ 168 -> Buy 200K @ 166 -> Buy 300K @ 162
Looks like we're back in a downtrend at the moment so I've got more buys placed to see... with BTC's value recovering nicely it might be rocky... really should see DOGE drop back to the ~140s IMO... but if it stays here it's value relative to USD has really shot up! It's (DOGE) only lost 15-20% of it's value against BTC over the past week, but BTC has gained nearly 55% in terms of USD in the interim.
It's important not to miss the trade gap between exchanges (especially if using BTCWisdom). DOGE on cryptsy seems to be in a profound downtrend... yet on BTER it's volume is very little - but so the price seems relatively stable with reasonable book on both sides... and the price gap vs cryptsy has widened to +/- 10 over the past few hours.
I don't trade on Cryptsy and I've heard horror stories about their deposit/withdrawal delays, so I don't really think this represents an arbitrage opportunity... but it makes me feel even better about BTER. This is not an endorsement in any way... they are way too opaque to be considered trustworthy or reliable in a general sense... but at least I've never had to wait more than 10-15 minutes for a deposit or withdrawal to get confirmed and credited (in any currency). Maybe someday they'll mature to the point of more transparency and perhaps even regularly posted audits, etc. They hinted at moving that direction when they listed shares on their exchange.Edited by DiGiCiDAL - 3/3/14 at 7:09pm