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RE: WIREX CARDS HAVE BEEN CANCELLED by Instruction from VISA - Is it time to start worrying ?
Yeah, VISA is probably shitting their pants about the uprise of cryptos, I'd guess it has been an executive decision on their end... There have also been rumors about VISA developing a proprietary blockchain so yeah...
There's that, and let's face it... Bitcoin as it stands is more and more resembling digital gold with some of the downsides that physical gold has... it's just to damn heavy to lift and move these days, so I guess that makes it increasingly less usable as an actual currency...
I think you're right about VISA. I would like to know the story behind the decision. perhaps it will come out later. It must have spooked a lot of people. I think bitcoin is like a genesis block in itself. It's given birth to many different tokens / projects and ideas. It will perhaps one day fall like a giant dinosaur as the erc20 mammalian and LSK / ECSA lifeforms proliferate.
If we're in the Cambrian explosion of adaptive radiation, there's a lot of spooky shapes which won't survive but the ones we see today (including us) they were there then. Who's going to be around in 5-10 years? I'm guessing litecoin, some clone of bitcoin and lisk. The Siacoins and Golems. they'll be ok as long as they keep their code up to date and prices low. I love blockchain as a concept. I hope it becomes unassailable. It can replace a lot of shit old practice which keeps everyone from fulfilling their true potential as the Universe intended. It's a gift and we should do all we can to help it flourish !
Wow, this whole meta-analogy is great. May I suggest that 10 years may be too long for any PoW system, and that a graphene chain like Steem will replace any payment based coins?
Also, I bet BTS or something like it replaces NYSE and NASDAQ; I think its possible at least.
you know I think you may be right about BTS replacing NYSE. It's perhaps not as long a way off as we think. projects like burstcoin, which use proof of capacity (free disk space) will be attractive and ethical investors will go for the green creds. the graphene chain of steem has only really begun to be appreciated recently. like graphene it has many unique qualities including the superlatives of biggest and most active blockchain. it will no doubt be copied and I'm very interested to see what appics will do ! there's so much potential out there in the real world. I'm getting requests daily for advice, information and assistance. It's a brave new world :)
I want to hug you right now!
thanks @fraenk. I'm a true believer in the power of the BlockChain Revolution. I just hope I'm not hanging my hopes on an imaginary gamechanger. I can't work out if BlockChain will be easy or almost impossible to contain. Most revolutions occur because the old guard didn't see it coming (or give it enough sense of a threat). Or it could all be pre-ordained as a way to get rid of cash from the world. Who is Satoshi anyway ?
an old post I wrote as a thought experiment
heh... that hidden disclaimer is such a great move!
I am not a believer in "great conspiracies", the universe is much to entropic to let these go according to plan for too long. But I am a believer in the countless small conspiracies that compete against each another every day... there are probably some neurons in my limbic system already conspiring against my frontal cortex again, right now!
edit: and since I can't upvote a 6 months old post, take my 100% upvote right here
Its only real use case now is moving millions of dollars internationally. Even then, litecoin would be better ;p
arise chickun!
Whatever Bitcoin's perceived failings may be.. BlockChain is great
Yes, agreed! The future is bright!