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I'm surprised at the 62% who voted that they wouldn't touch it. For a technology community this is rather embarrassing.
IMO there is no doubt whatsoever that blockchain technology will soon be driving many applications and platforms in the future. There is already an alternative to YouTube in development using blockchain (it was inevitable seeing as Google are busy de-monetizing and censoring so many content authors).
Bitcoin and other cryptocurrencies are only going to get more popular as they gain traction in the investment sector. The fact they don't require a bank to transact against makes them particularly appealing to many.
I would be interested to hear from those who have stated they wouldn't touch it as to why they voted that way. Even if your company is not using it now, there is a good chance it may be using it tomorrow.
"There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies. The first method is far more difficult." - C.A.R. Hoare
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What is backing cryptocurrency...just the belief it is worth something. If a bubble bursts it will loose all value. Of course regular money no longer has any true value since it is no longer backed up by gold or silver. This will bite us at some point, especially since the US government is now almost 20 trillion on debt and idiot Trump just seems to want to give tax cuts, which is big part of the reason there is now a $20 trillion debt. It was not Obama that got us into this mess, it was the idiot Bush. Clinton actually was doing something about it, and Bush just started cutting taxes and spending.
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Then why did Obama more than double the Debt?
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You really have to pay attention to history. The rate of increase that resulted in the doubling of the national debt started at the end of Bush's time as president. It was not Obama that got the US into the two wars that seem to have cost the country trillions, or Obama that gave the tax break that helped increase the debt. Obama inherited the situation. Now Trump wants to give more stupid tax breaks to the rich when the country continues to spend at a high rate. The seeds for the current ridiculous debt has to be laid at Bush's feet, not Obama's. Also there was little Obama could do after his first 2 years when the republicans took back control of Congress. Maybe in the first two years he could have done something if he had considered that a priority, but not even Trump considers that a priority. Historically it is the Republicans that cause the debt problem. Interesting thing is that it was Clinton that managed to get a handle on the debt, but Bush blew that progress away, and made it so much worse.
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I explained. Bush was the one that starting the problem: look at . [National Debt Graph by President]. Sort of like global warming. Once you start with ridiculous budgets, it is hard to get it under control. That is why. The stupid republicans think that you can decrease taxes and increase spending. Supply Side Economics does not work, but the Republicans keep on trying. Bush reduced taxes and then significantly increased spending, and it is hard to get any of the special interest groups to give up the nice pork barrel that they have been given, and unless the president decides that the budget is the priority, then almost impossible to cut spending significantly. What happens is that one person's wanting to get his pork barrel funded is used get all the other pork barrels funded. Well Obama had some things he wanted funded, and that was used to get all the other programs funded. Just look at the flying turkey the F-35 or the Osprey. Neither should have ever been built.
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Just because I don't have a personal cryptocurrency wallet doesn't mean I am not investigating blockchain technology; it is used for much more than cryptocurrency.
I still use good ol' cash for most of my in-person transactions.
I may consider cryptocurrency for online transactions when it becomes more common (most places I purchase from do not offer the option).
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If you'd read my post you'd have seen that it was squarely aimed at those who replied "They wouldn't touch it". Those people who are looking into it (as I am) do not fall into that category. And you don't need a cryptocurrency wallet to be looking into Bitcoin.
And I have posted on CP before in relation to blockchain technologies. I posted a link recently to a new video sharing platform called DTube which is touted to be an alternative to Youtube which has been developed using blockchain technology. So I clearly understand there is more to blockchain than just cryptocurrency.
"There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies. The first method is far more difficult." - C.A.R. Hoare
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Dominic Burford wrote: I'm surprised at the 62% who voted that they wouldn't touch it. For a technology community this is rather embarrassing.
The problem with this technology is the type of user this will attract. The technology, per se, is fine, but by getting involved with it you're getting into bed with the likes of people traffickers, drug dealers, terrorists, etc. By putting money into this tech, you're helping those guys keep their cashflow going.
Personally, I'd rather invest my time and money in something more ethical.
Now is it bad enough that you let somebody else kick your butts without you trying to do it to each other? Now if we're all talking about the same man, and I think we are... it appears he's got a rather growing collection of our bikes.
modified 31-Aug-21 21:01pm.
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Brent Jenkins wrote: but by getting involved with it you're getting into bed with the likes of people traffickers, drug dealers, terrorists, etc
Wow that's a broad characterisation of anyone using cryptocurrencies. Every technology that has ever existed can be used for either good or bad. That's not a fault of the technology. Blockchain (or specifically cryptocurrencies) can be used for perfectly legitimate uses, or nefarious ones.
Presumably you don't have a problem with using the Internet, despite it being used by people traffickers, drug dealers, terrorists, etc.
Brent Jenkins wrote: Personally, I'd rather invest my time and money in something more ethical.
"There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies. The first method is far more difficult." - C.A.R. Hoare
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Dominic Burford wrote: Every technology that has ever existed can be used for either good or bad. That's not a fault of the technology.
Yep, guns don't kill people and all that..
Dominic Burford wrote: Presumably you don't have a problem with using the Internet, despite it being used by people traffickers, drug dealers, terrorists, etc.
I use it because I have to.. I've always loved tech since I was a kid but in my opinion it's taken society in some unhealthy and dangerous directions. Personally, if someone killed the internet tomorrow I'd be more than happy and I'd go and find something else more constructive to do with my life.
This article gives me some hope. 
[Edit] Missed the 'doh' on my comment about being more ethical. It's not fashionable I know, but there you have it.. that's me. Sorry.
Now is it bad enough that you let somebody else kick your butts without you trying to do it to each other? Now if we're all talking about the same man, and I think we are... it appears he's got a rather growing collection of our bikes.
modified 31-Aug-21 21:01pm.
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There's a difference between unregulated currencies like Bitcoin, Ether, etc. and the blockchain technology.
Cheers,
विक्रम
"We have already been through this, I am not going to repeat myself." - fat_boy, in a global warming thread
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Yes I know, but thanks anyway.
"There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies. The first method is far more difficult." - C.A.R. Hoare
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Cryptocurrency prices will likely crash down to a tiny percent of their current value. Buying now (when hype is high) is a poor decision.
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Because there's no "not yet" answer available. As a result I think that high percentage is a symptom of the answer options rather than a rejection of cryptocurrency.
I have no intention of using it soon as I have no current need for it. Long term very possibly. The "other" answer, in its position, implied I was currently using a wallet of an unlisted technology, which doesn't apply. Therefore the closest answer to "not yet" was "won't touch it", which doesn't express my position well at all.
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That makes sense. Thanks for the clarification 
"There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies. The first method is far more difficult." - C.A.R. Hoare
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Aren't Visa and Mastercard cryptocurrencies when you buy online?
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Agreed, and more reliable currency
I do not fear of failure. I fear of giving up out of frustration.
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I am actually quite surprised by the number of nay-sayers in this community. That probably speaks to our average age. (I likely wouldn't have looked into cryptocurrency myself if my millennial son hadn't brought it to my attention.)
I would definitely recommend all you "Won't touch it"s to transition into "Looking into it"s. There is literally no doubt in my mind that block chain technology will revolutionize commerce over the next 10 years as much as the internet itself has. This absolutely isn't going away, folks. And the net behemoths of today that don't embrace it will almost certainly become the Encyclopedia/Travel Agency/Brick&Mortar Bookstore companies of tomorrow. It's not about the criminal element (a small fraction); It's about a fundamental overhaul of online trust.
It's really that big. You owe yourself a favor to look into it.
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Well, I chose "Won't touch it" simply because (a) I'm not "looking into it" and (b) right now I have no need for it.
But if I did have a need for it I'd look into it.
If your neighbours don't listen to The Ramones, turn it up real loud so they can.
“We didn't have a positive song until we wrote 'Now I Wanna Sniff Some Glue!'” ― Dee Dee Ramone
"The Democrats want my guns and the Republicans want my porno mags and I ain't giving up either" - Joey Ramone
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May be before we jump into crpytocurrency, we should check how money work.
I have problem with trusting government provided currency. In what world we should trust this so called crpytocurrency
I do not fear of failure. I fear of giving up out of frustration.
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If you understood blockchain and how it works, you would have more trust in it. As each block in the chain is replicated across a peer-to-peer network of other blocks, it is practically imprenetrable to hacking. You would need to circumvent the entire blockchain to do so, and this would obviously have the effect of bringing unwanted attention to the hacker's activities.
"There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies. The first method is far more difficult." - C.A.R. Hoare
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If you understood how money works, then you would not have lectured me about blockchain.
I do not fear of failure. I fear of giving up out of frustration.
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Why do you assume I don't understand how money works? I did Economics at college and have a perfectly sound understanding of how money works.
I don't remember lecturing anyone either. I was giving an explanation of how blockchain works.
"There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies. The first method is far more difficult." - C.A.R. Hoare
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I was joking, I should stop joking, yesterday I made a mess with my GF.
Anyway, no I didn't know how block chain works, thanks a lot. The fact is I am not worried about security of money, I am worried about trusting the value of money. Value of money can be inflated artificially.
One final info, I didn't do Economics at college, but I think I will study it anyway..
I do not fear of failure. I fear of giving up out of frustration.
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You are welcome to embrace it because it is new.
Add to your list:
Japanese remote-computer kissing[^], and for the world of tomorrow, remote sex. Both with the look and feel of (what you'll believe to be) the real thing.
As an old fogey, I'll just settle for the flesh & blood type, hope against hope that they, too, don't go the way of the Encyclopedia, Travel-Agent, and each group of Early Adopters.
| Ravings en masse^ |
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| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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