399 karma · joined October 13, 2017
It's def. easier than getting US T-Bills. BTC is widely available in most countries and if not, you just go to a meetup and trade it in person (with higher fees but still easier than... US T-Bills). So, you still owe us after all this discussion a better alternative for an internationally available store of value than BTC.
Think you confuse matters: A currency should have "a predictable purchasing power", not a store of value. Latter should rather grow (which requires a deflationary nature/limited supply) and offer stability in times when stocks and/or currencies nosedive. Gold is not that bad for this use case and BTC is even better.
But instead of so much meta talk I would be happy if you let me know which asset is a better store of value than BTC and why (for all kind of countries, also those with weak economies/currencies/infrastructures).
Not sure if we talk about the same: The last worst case scenario was 2008 (stock crash, banks went bankrupt) but the Internet was still fine.
I still don't see any other value store better than BTC considering my prior bullets.
McCaleb sold the site to French developer Mark Karpelès, who was living in Japan, in March 2011.
On 19 June 2011, a security breach of the Mt. Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt. Gox exchange, after a hacker allegedly used credentials from a Mt. Gox auditor's compromised computer to transfer a large number of bitcoins illegally to himself.
Not necessarily, you could liquidate f2f with another person providing you cash. Just think of the worse case, stock crash, bank crash, etc. Then, it's good to have BTC in your wallet. They are accepted and easily transferred, without any bank).
And: 1% conversion when being on the landing page is way below average.
And2: This post was almost two days on the front page, guess he reached more than 20-30k visits. So, 200-300 subs should be the minimum he reached.
How?
Why do people always think that BTC—only because it has started as a p2p cash system—needs to stay there?
From my point of view BTC evolved to the best value storage system available:
- Limited supply
- Easily available in any country without a bank as an intermediary (try to purchase or sell gold without a bank, good luck and real, physical gold as an value storage is just cumbersome)
- Probably a good value storage when the stock markets crashes (because again no banks are involved which might also go bankrupt, in particular in countries with a weak economy/currency/infrastructure)
- The strongest brand and most popular with mainstream and retail investors, just go to Google Trends and you see that the search volume of Bitcoin is insanely high (~50% of 'iphone' just to stress how much mainstream bitcoin went); just imagine: which crypto people will choose to put a large part of their money first when a crash comes? To the biggest brand I guess
- Biggest ecosystem around (wallets, etc.) + high reliability even if slow (just look at some other coins with a huge market cap where people even struggle to send and receive coins)
- Highest liquidity
This is a very strong use case for me to buy and hold BTC. If there is any other coin better as an value storage please let me know.
Every fully decentralized coin hits at an early point the ceiling and won't scale. Vitalik Buterin expressed this recently. So, why should XMR be faster?
Besides, the anonymity is nice but just pipe your <put any coin here> through some random exchanges and you have the same effect, so it's really not that killer feature to create a new huge ecosystem. I like XMR's tech a lot and I think it's not too bad to have XMR in your portfolio, the question is if it has the potential to be one of the next major coins in the long-term (3-5 years). There, I rather see other candidates with a much higher probability, there is just too much good competition which came up the recents months/years.
Highly scalable because of their centralized nature are Ripple (XRP) and Stellar (XLM), Stellar started as a Ripple fork. I finally went for Stellar because of the founder (he founded and sold MtGox and founded Ripple), more potential to grow because of lower cap, the complete feature set and some recent announcements (such as Kik/Kin moving from ETH to XLM, Singal-founder will use XLM for his MobileCoin).
I might buy Ripple after some correction though. Ripple has a different positioning but a good setup too. The cap is already very high, close to ETH's.
Edit: Why the downvote?
Edit2: changed that Stellar started as a Ripple fork
if battery total capacity < x % then set max CPU clock speed = x Ghz?
Or whatever KPIs they use like battery wear level.
The current release doesn't say anything more than what was previously known.
They are not shown on iOS.
A helpful article which gives a good understanding of the different types of coins (currency, platform, utility) which again creates a solid foundation for any coin investment: https://hackernoon.com/mastering-shitcoins-the-poor-mans-gui...
I just googled competitors and all of them feel way more vibrant + being more active on social media (I checked Instagram for the first two):
Building a slick landing page which is also responsive can be quite some work but looking at that competition it's a must, sorry. Look, it's not that people really need a monthly candy box, it's not a rational decision, it's something emotional—an impulse buy. So, if the landing page isn't even thrilling what should then trigger the buy?
Social media in particular Instagram might be a significant marketing channel because Japanese candy and its colourfulness is tailor-made for Instagram.
Maybe the business model is also the problem. There are little lock-ins/network effects and a low-barrier market entry for Japanese entities, thus all these competitors. There might be opportunities to pivot the business or extend into new fields/models. The first thing which comes to mind is licensing successful products for exclusive import/distribution to key western markets. Different game but highly scalable. Maybe there more unseen opportunities. If not then selling the business could be an option (after a final revamp re presentation and SEO).
However, Candy Japan has still one major strength: Frequently placing stories on social news sites like HN and Reddit which always hit top 10 positions and generate tons of free traffic (should be 20-30k visits per placement which would translate in 200 to 300 subs at 1% conversion).
Well said and you know that this person is with you because of you (and not because of money).
Moreover, I couldn't find any larger discussion: I searched HN with the link you gave and found only two postings, one with 1 point and another one with 7 points and only 2 comments.
Anyone knows why?
Not saying that you can't build stromg work relations remotely but it's just different.
First time Microsoft seems to be more focused than Apple (which works on semi-innovations like touchbars).
I think this has rather psychological reasons. There is a good book from Seth Godin called 'The Dip' which deals with the problem why most are fast in prototyping but not able to transform a prototype to an actual implementation ('to stick to the end'). However, I think there is nothing wrong with a prototype to fully-implement rate of 100 to 1. Prototyping is how people learn as well.
Moreover, I am not saying that GUIs are per se bad. If I create vector-based graphics I need a GUI, when I browse the web I prefer HTML/CSS and a GUI's smooth scrolling over a text-based Lynx. Some programming languages like Java are better with GUI-IDEs but my main point was another one: That too much GUI in your daily life creates an unnecessary intimidation towards programming (if you are not a programmer yet).