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I think in the long term, banks will evolve into only being lenders, and people will use either bitcoin or its successor to store money securely and transmit it instead of banks. Why would banks 'hand over the keys' to Ripple instead of a decentralized, trustless platform? Not all financial...

That's because the entire point of crypto is to decentralize, and corporations are the most centralized and totalitarian organizations on earth

99% of people in crypto space have regrets

That's not true unless you exclude ripple: Cryptocurrency charts - Market Capitalization, Transactions last 24h, Avg. transaction value, Active Addresses last 24h ... Also Ethereum handles far less in terms of value. Using bitcoin, if you pay a high enough of a fee, you can be confident that...

Why does Ethereum function as money better than every other coin? Litecoin is cheaper to use and doesn't have transactions failing. Ethereum still has plenty of reliability issues. It's choking on the congestion. I read this today: The Challenges of Building Ethereum Infrastructure – Jameson...

Two things to remember: 1) Ethereum was created to facilitate smart contracts, and is not focused on being money. I would argue that the overall winner will likely be a token focused on being money first. 2) Even if Vitalik pulls miracles out of his ass, it's open source code and any...

Ether having a good night. I saw this before, last summer. That's when I sold it. It's still only half way to where it was 6 months ago. Most of that other 66% is dispersed among many alts, not just one or two. Just saw that edited in tweet pic. My response is that bitcoin has high fees...

Since I've told people to install Electrum, I'm going to warn people: There is a severe vulnerability in Electrum that allows malicious websites to steal your wallet seed by merely running Javascript in your browser. If you have Electrum running, close it immediately and update the software to...

Ethereum makes a lot of promises. The only reason why it's taken so seriously by other devs is because Vitalik really is extremely bright. Ethereum is significantly more experimental than Bitcoin is. I would strongly advise not being 100% in Ether. ETH's reddit started sounding like a...

Incidentally the concerns about Bitcoin's energy use are dramatically exaggerated because miners set up near and use the cheapest sources of electricity, meaning they use surplus/unused electricity like hydro. It's simply too expensive to use fossil fuel generated electricity. Proof of stake's...

It seems to me that there is a narrative out there that Bitcoin developers are not active or incompetent or obstructionist. So I'm going to quickly outline why I'm still bullish on BTC: Bitcoin Core is the most dominant development influence on Bitcoin at the moment, (but far from the only...

First mover advantage is significant, but Bitcoin also has the best, most prolific developers. It's the most secure coin with the most hash power. It's the most widely adopted coin with the most mature wallets. It's the most decentralized. It has withstood attacks-- from its own miners even...

That's true, and ICOs can be legit, but I would argue that most are scams. Most of the non-scams are well intentioned incompetent projects that would get laughed out of a VC firm and have nothing but a whitepaper. As of yet I haven't seen an ICO that looked like something that would succeed...

'these people' are mostly scammers trying to scam people in a new unregulated arena. Coming up with a plausible sounding idea for a coin is part of the con. If they're not scammers, then they're probably just playing around with the tech and not entirely serious to begin with. (e.g. dogecoin)...

Any coin could end up in the shitter. Certainly Ethereum is one of the better coins, but I sold all mine and don't regret it. It could end up changing the world, but I bought what I see to be as safer bets. Everybody has their own risk analysis though, and nobody is right all the time. Will...

Sia having a good day. It's always been good to me. Ethereum is a solution waiting for a problem. People invest in it because they feel like they missed the bitcoin boat and want to get on the next one; which is true for all coins, really, but Ether is just really good at sounding like some...

I've been using a UPS for my primary system for 7 years. I don't overclock. I dust my boxes roughly every 3 months. I replaced the two 120mm fans in the front of my new chassis with a 200mm fan and use a well rated non-stock cooler despite not overclocking. House was built in 1980 so it's...

Funny thing. I have 13 year old HDDs that still work flawlessly and have no SMART errors. I've had no spinner fail in about 15 years. I pulled like 99% of my data off my 386 drives back in 2013, but they were clearly about to die. (20 year old drives at the time) Motherboards though? I'm...

I really don't think that it's unreasonable to expect a device with no moving parts to last 10 years when not buying low-end parts and with proper maintenance and cooling. That may be too much to expect from today's hardware, but I would argue that we're being ripped off. Sandy Bridge is now 7...

Is this typical? I've built 6 rigs since 2002. Total hardware failures: (I'm sure I'm forgetting some) 4 motherboard failures: 2 dead motherboards after ~1 year use each; a third causes BSODs every now and then; now it looks like (unsure) my Ryzen board is causing frequent BSODs making my new...

TAKP devs (full disclaimer: I work there) have just released a new PC client that is a substantial upgrade over previous releases. All PC client users are encouraged to upgrade to this new client. You can keep your hotkeys and UI settings by copying your ini files over. If you tried our...

You don't make anything until you sell. I've had trades way, way up only to see the unrealized gains later collapse. Ripple is highly centralized and the creators hold a massive amount of coins that they can just dump on the market at any time. (correct me if I'm wrong) Not selling a held...

Anybody with Ripple should be selling right now. This market is beyond irrational.

Coins are divisible by 8 decimal places. You could buy a fraction of one cent worth of BTC if you wanted. It's not practical to use though if you buy less than what the typical transaction fees are currently, but if you just buy it as an investment, you can leave it on Coinbase and sell it...

Braindead simple way is sign up at Coinbase, submit to the anal probe, and buy coins easily with their otherwise very simple and painless UX. If you don't buy a lot, you can just keep it there and not fuss with wallets. They've never been hacked and professional exchanges have learned to keep...

Security from hackers & break-ins, security from fire/disaster, and ensuring your heirs get it. Pick two and it's easily solved. Security of all three at once is hard. I've been pondering this for weeks now. This is why Coinbase is launching a service just for rich people.

I need to do this too. Some ideas: Passwords/seeds/2FAs in a VeraCrypt container using a password you won't forget on a USB thumb drive and give it to a relative or a very close friend. You can also use PaperBack and give them a piece of paper instead. Encrypted containers allow you do use...

Not to sound like a know-it-all here, but since we're all ex-EQ loving gamer pals I want to share what I've done recently to secure what recently became 'I need to make sure this is safe' levels of money. I bought a MSI Desktop Computer Cubi N-049US Pentium N3710 (1.60 GHz) 4 GB DDR3L 500 GB...

Bitcoin volatility will match major fiat currencies by 2019 One of the reasons why futures is a big deal is that they will further reduce volatility. Granted 2017 was a wild year. Hoarding doesn't seem to stop fiat from working: Richest 1% now owns half the world's wealth

I don't disagree, but 'relatively' is the key word in that sentence. Ask Eliot Spitzer about that 'little' interference. The entire globe is going down the road of outlawing cash, because when the government can't monitor everybody's transactions, that's super bad and only terrorists want...

Electrum

Bittrex, without any warning, turned off withdrawals on accounts that did not submit KYC then demanded photocopies of drivers licenses and photos of clients to allow them to get their money out. This is extremely shady if not outright theft because many people are unwilling to do this. They...

For US persons, Coinbase is probably the best option. There's always localbitcoins.com if you hate KYC. My personal recommendation is to hold a majority in BTC with less than 50% alts. BTC is the safest bet, but probably won't get you the best returns compared to the better performing alts...

It's not 2013 anymore. BTC isn't very private at all, at least if the feds want you. Entire companies have formed JUST to scan blockchains and track payments and police agencies all over the world are using these services to catch criminals. This is why Monero was adopted by darknet markets...

Trading is much, much harder than it looks. I do a little trading, but I just wait for 'blood in the streets' before I enter into a long, and I don't do shorts. Essentially I just wait for a massive price tank that only happens every few months, and I don't use much leverage, making for a...

Buffet hates gold too. He just prefers assets that produce wealth (he uses a farm as an example) so it's no surprise that he hates bitcoin. He also stays away from technology stocks. Bitcoin is being bought by some hedge funds now. Some of the big time VCs also invest in it; Coinbase started...

Antonopoulos' videos are required viewing for anybody in this space: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ His Mastering Bitcoin book is more for technical people. The Internet of Money book is more for the average person.

Lightning networks could kill Litecoin's only use case. However lightning is still a ways off, so for the time being Litecoin has a use. The current rise is entirely from speculation mania; you can't pay many merchants with it yet so there isn't much transaction growth. Even with unfull...

I'm still not convinced that Ethereum isn't a big scam. It's been around 3 years now and the only application I see it used for is a kitty cat trading game, and the network can't even handle it. People think some of these blockchains are legitimate because Microsoft or whatever shows interest...

Electrum for BTC and Exodus for the alts it can store. (but is also fine for BTC) For XMR and Sia I use their particular GUI clients/wallets.