The Future of Cryptocurrency - Let's Talk About It

in threespeak •  26 days ago 

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I go over some crypto's I am interested in and where I see some of them going in the future.


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I haven't read into this much but apparently quantum computing is a big threat to bitcoin (and just about any PoW blockchain). Don't worry though, steem is safe :)

I don't think it's that big of the threat. Old system would be more vulnerable than Bitcoin anyway

Steem is safe because?
Can't it just steal private keys?

#sbi-skip

It'll be immune to 51% attacks by quantum computers though. Plus I believe we need to match the account name with the private key on steem in order to perform an op.

Yes, Steem is immune to 51% attack because it's not PoW but the account name matching doesn't matter as it will simply target big accounts and crack the private key using the account's public key.

That said, when an account get compromised only liquid currencies can get stolen and the chain also has account recovery mechanism so powered up stakes are basically safe.

#sbi-skip

Indeed, powered up stake protects us even more. And to top it all off, crypto is probably still safer than traditional financial institutions in terms of quantum threats.

Yeah, on technical level blockchains are safer than traditional finance but you know how it will go.
The company(ies) who creates practical quantum computers will cartel with banks and not attack them first but attack blockchains first to undermine blockchains' security while in reality banks are even less safe.

#sbi-skip

It's harder to buy things with gold or transport it. I think if people want some liquid assets crypto is better imo.

agreed. gold is a good SOV in most first world countries. Some countries can't "mail gold" - So crypto becomes literally their only way to send money in and out of said country.

true and the way to store it is more save.

I'm really liking Dan's new Eos governance model. Let's see if they can get the block producers to vote on it :)

I liked it but the lock-up times seem extreme. But hell, if some whales want to lock up their tokens for years and years, I am for that xD

BP locking up for 10 years would be reaallllly extreme LOL . Most will probably divide their tokens through all the lockup periods. Gotta love the gamification. :)

  ·  26 days ago (edited)

Btw, if we have something like "Steem app Store", a open source place for Apps on the Steem blockchain ( like DAO), for all end user platforms it should be a huge win.

With Games, Frond end apps, social, Dev apps, CMS like wordpress, exchanges, payment apps, shop apps like shopware and much more. Payed and Free ones, maybe with some list fee it goes burned or for DAO.

And it is easy to use it, only thing needed is a Steem account :D

Like you said, open source beats always other software.

@theycallmedan, In my opinion after a long time someone really gave the break to the Speculation and by that i mean, if we see the Bitcoin Economy then this world still pursue it in Secondary options or that's the possible view point as of now in regards to Financial Transactions, when they will face any Blockages while sending through Fiat.

Gold is Store Of Value and Bitcoin is Highway, absolutely true words brother. Stay blessed.

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This is a verry good friends. Good jhob and post you

I always love listening to your insight❤️

Hello Dan, good evening from my side, obviously I learnt a lot about ethreuem 1.0 really and seems it's really got something going for the future, but you talk about scalability, how will this be an hindrance?

ETH 1.0 is PoW - ETH 2.0 is POS - ETH 2.0 will scale ETH by thousands of TPS. However, to compete with the likes of Steem or EOS, ETH would need to come up with some revolutionary ways of scaling. They have many scaling solutions on the table, but as I said until it works in practice, there are enough working blockchain projects out currently that I rather focus on.

If the blockchain has scaled today, imagine two years from now, when the other chains finally "scale" - there is great $$ to be made/lost in the speculation, however.

If the blockchain has scaled today, imagine two years from now, when the other chains finally "scale" - there is great $$ to be made/lost in the speculation, however.

Wow that's incredible

This is really bright @theycallmedan, cryptocurrency has the chance of topping all in future when no other coin can challenge. Thanks for seeing this my Mentor!

Hi, nice to meet you. My name is Arturo Fernández from Venezuela. I'm rookie in this world and i need some motivation to continue in Partiko. Can you visit my profile and read or see my posts? Thanks.

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I would like to know one thing for you. Here's what to post like dtube.!?

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Amazing Idea of the posting

well i hope i can take advantage of this time and have patience in holding because this time won't come again

  ·  26 days ago Reveal Comment

Posting to threespeak does not garuatnee an upvote from the threespeak account.
threespeak strive's to have a very diverse voting pattern.

Ok but i think sir you are always not looking my vlog.if you are looking my vlog hope you are support it..its my expectations please looking my last 1 week vlog.. Sorry for that

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  ·  26 days ago Reveal Comment