tag:blogger.com,1999:blog-1592992209402300549.post3952005098590627760..comments2024-03-28T08:06:43.198-04:00Comments on The Silicon Graybeard: I Think I'm Going To Say I Got This One RightSiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1592992209402300549.post-36286909807175419862018-02-23T16:06:12.801-05:002018-02-23T16:06:12.801-05:00The feature that I'd like to see is a mint mar...The feature that I'd like to see is a mint mark. Then you could promise to trade one SiGbCoin-minted coin for one silver dime, and the coins would become warehouse receipts. Maybe you'd only issue 100 coins. Reputation systems and escrow would appear, and warehouses would rapidly coalesce.<br /><br />Cryptocurrencies only do the communication function of money, not the value storage. There's no reason for the coins to increase in value. Do you save the temporary crypto keys that SSL makes? The crypto is just an engineering implementation to make the transfer happen securely.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-24281369155646998822018-02-23T14:54:53.789-05:002018-02-23T14:54:53.789-05:00Wikipedia says that as of January 1st, there's...Wikipedia says that as of January 1st, there's more than 1380 cryptocurrencies. Any of those could unseat Bitcoin - or it could be one that doesn't exist now. Or it could be none of them and Bitcoin reigns supreme. <br /><br />Likewise, any of those could get Hot in the market and skyrocket in price. Or not. <br /><br />I'd love more insight than that, because it's practically useless, but none so far. SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-53084621336167967902018-02-23T13:56:29.442-05:002018-02-23T13:56:29.442-05:00I think some future cryptocurrency, not the curren...I think some future cryptocurrency, not the current bitcoin, will be the best way to downsize government. Once some group is seen to be getting away with not paying taxes, there will be a rush to join it so individuals don't feel like suckers.<br /><br />The biggest threat to the value of bitcoin is bitcoin 2.0.Anonymousnoreply@blogger.com