Solon, IA
The majority of my investment is in ETH but I'm also holding BAT, SC, XLM, XRP and FUN. I'm super excited to see where FUN goes.
(Topic ID: 207699)
You're currently viewing posts by Pinsider GhostThruster.
Click here to go back to viewing the entire thread.
Quoted from Spyderturbo007:You're not the only one, but oddly enough, buying virtual land is much more common than you might think. Star Citizen, Second Life, Entropia Universe, etc. Believe it or not, you can even start a virtual business in some and learn "skills" like Medic, Transportation Provider, Tailor, etc. The use those skills to generate revenue in the VR world.
I don't see the alure, but that doesn't mean I can't try and make a few dollars from it.Do you see FUN going anywhere? I did some reading a few weeks ago, since it looked interesting, but it appears as though the main issue is getting a RNG to perform quickly enough on the blockchain.
The RNG isn't performed on the main Ethereum network. FUN have created what they are calling "Fate channels" which are essentially instanced networks. So a gambler and the casino would engage in a contract inside of a Fate channel where all of the calculations are made regardless of the number of bets placed or games played and only once the gambler decided to quit their session, would the transaction go onto the Ethereum network. Example: I want to play blackjack, I bring 10,000 FUN to the table. A Fate contract is started with my 10,000 and the casinos 100,000 FUN (or w/e requirement for staking is), I can then play as much or as little of that as I want instantaneously in the Fate channel. Say I gamble 50 hands and want to cash out, I would then quit the session and the Fate channel would then end and the final transaction would be processed on the Ethereum network. I could have explained this poorly but that is my understanding of it.
Basically the Fate Channels allow you to bundle an entire gaming session into one transaction as opposed to processing each individual hand in the session on the main Ethereum blockchain.
Quoted from InfiniteLives:where do you guys mainly buy this stuff? Coinbase?
You can buy 4 different coins on Coinbase but to buy any of the altcoins, you have to get them from an exchange.
Quoted from Flowst:Where does one spend this cryptocurrency?
Is there any tangible backing or is it all speculation and demand?
https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965
Quite a few actually.
Quoted from extraballingtmc:What’s the deal with bitcoin futures? How often is this going to be happening?
Also why in the world is tron going back up? I thought everyone thought they were shady and was jumping ship? Has there been a real announcement?
I want to be baffled at the fact TRX is going up but I get the idea that most of the new investors have no clue what they are doing and just following the shills. I hate it because this is the type of behavior that ruins it for everyone.
Quoted from Yoski:The government can easily pull the plug on any cryptocurrency, then its lights out. Also the exchanges are frequently hacked. The chances of that happening to stocks portfolios or money in the bank are not zero but significantly lower. So much for the hard core thinking types.
How would the government pull the plug on cryptocurrency? I can understand how they could tax it so heavily or make it extremely painful to continue using that most people would stop dealing with it but isn't a major point of having a decentralized blockchain so that no one person or group can easily influence it or take it down?
Quoted from Richthofen:One might argue this is the type of behavior that causes initial investors to get rich. You can't sell for a profit if new people aren't buying.
I am not invested in cryptocurrencies. The technology is interesting, and has applications, but the specific implementations are not being uptaken as legitimate payment methods at nearly the adoption rate expected for the trillions of dollars of market capitalization for cryptos. The reduction of the bank as the middleman and speedy and cheap transactions didn't happen, instead its probably cheaper to paypal someone money at this point than send them bitcoin and have them cash out.
Long term, isn't the increasing value of a crypto at odds with using it as a payment? Who would want to pay for something with a crypto if the crypto is gonna be worth more tomorrow?
Yeah, you have some great points here. Thanks for sharing them. I guess what I was trying to say is that I hate how people blindly invest into scams like Bitconnect as it hurts the legitimacy of what genuine, problem-solving tokens are trying to accomplish.
Quoted from Astropin:It will get regulated...I don't think we will see it "shut down" (IMHO).
I agree with this, I do think regulation will happen. While I don't have any concrete reasoning, I would think that if events like the Silk Road fiasco a few years back weren't enough for the government to ban crypto, I'm not sure what would.
You're currently viewing posts by Pinsider GhostThruster.
Click here to go back to viewing the entire thread.
Reply
Wanna join the discussion? Please sign in to reply to this topic.
Hey there! Welcome to Pinside!
Donate to PinsideGreat to see you're enjoying Pinside! Did you know Pinside is able to run without any 3rd-party banners or ads, thanks to the support from our visitors? Please consider a donation to Pinside and get anext to your username to show for it! Or better yet, subscribe to Pinside+!
