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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (344)	1/24/2018 11:32:27 PM
From: Elroy	1 Recommendation Recommended By Joe Wesley Read Replies (1) \| Respond to of 7625

I have to respectfully disagree with Elroy; Bitcoin is not a safe place to store value. I never said it was a safe place to store value, I listed a bunch of characteristics that make it more attractive than other stores of value in regard to that characteristic. Bitcoin also has a bunch of negative characteristics, I didn't list them all. Who has the time!? I was just sort of surprised that Sam posted something along the lines of he can't see any appeal to Bitcoin other than gambling, so I listed some of the appealing things about Bitcoin. I'm skeptical blockchain technology is as big of a deal that many here seem to believe. There aren't loads and loads of applications that require a decentralized ledger regulated by its users. Peer to peer payments (Bitcoin) makes sense for blockchain. Peer to peer betting (wagerr) makes sense to me as well. For many of these other business applications of blockchain, I don't see the case for a distributed open source ledger rather than a centrally maintained Oracle database. With Bitcoin you don't need to rely on the bank or Western Union for your peer to peer payments, the blockchain provides the security and method. With wagerr same story with your bet payment. The previous application which was mentioned - something about tracking cargo from production to delivery - didn't make any sense to me at all as a blockchain process. Why can't all the parties involved update a centrally controlled database which is managed as the parties involve request by IBM Golbal Services? Why do they need to distribute a ledger? I try to think of other peer to peer processes that would benefit from blockchain technology (it requires trust, and the benefit is the current centrally organizing entity would be removed and a commission would vanish), and I can't come up with many. Payments = Bitcoin Betting = wagerr Remittances = you can do that with Bitcoin What else is peer to peer and requires a public blockchain for trust and decentralization to avoid regulation by the authorities? Suggestions? I have a hard time coming up with ideas....... There should be some explanation why a reasonable enterprise software program can't do the process, I think for many of these blockchain proposals enterprise software would be fine, and if enterprise software is not now doing the application it's probably because there is no need, it's too complicated, or it requires the enterprise to make public items which the enterprise wants to keep private. Think of Uber. It's peer to peer decentralized peer to peer ride sharing. I'm sure it runs on a centralized database. For most of the ideas thrown out there for blockchain, a centralized database is fine.

To: Glenn Petersen who wrote (344)	1/26/2018 7:55:35 AM
From: Sam	Read Replies (1) \| Respond to of 7625

Not much of a "store of value": Cryptos slip as Coincheck halts withdrawals Jan. 26, 2018 6:17 AM ET\|By: Yoel Minkoff, SA News Editor Cryptocurrencies slid overnight after one of Japan's most active Bitcoin venues - Coincheck - halted client withdrawals, spooking investors in a country that's still wary four years after the collapse of Mt. Gox. "Traders are very sensitive to any news involving the big exchanges,” said Peter Sin, co-head of the digital currency sub-committee at ACCESS. "This will accelerate price declines." Bitcoin -7.3% to $10,321. Ethereum -5.5% to $997. Ripple -12.9% to $1.14. Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, COINB, LFIN seekingalpha.com