[Skullmeat]

Hmm. I've been looking at crypto-currencies, but have been put off by the lack of support. If you guys really think It will take off and be used by online stores I can invest some in it.

I would hold off investing for a few days just to see how the markets recover from the Kraken DDOS, but by Monday/Tuesday, if the markets are still holding and not everyone shorting it for the low-mid 80's, i'd say it's a pretty sound investment.

As of now it looks strongly at $90, though it's better safe then sorry

If there is one crypto that will be used widely for transactions by corporations/banks, I think it'd be Ethereum.

There are some problems with it currently, since it's still very early in it's development. Scaling being the main problem Vitalik (Ethereums lead dev) has some theories on how to solve it, but as of now the blockchain will continue growing. i think it's currently around 6-10GB. And honestly, if ETH does reach it's potential the blockchain size could become unprecedented. People won't find it feasible to hold a 1TB blockchain on their computer for general transactions.

Though, I trust that the devs will find some kind of solution. The next update will help scaling somewhat, and I think it will improve over time.

One of the reasons I support bitcoin is because steam supports it. If we could get a few big online stores like steam and amazon to accept the currency Id be thrilled.

[pvnk]

Hmm. I've been looking at crypto-currencies, but have been put off by the lack of support. If you guys really think It will take off and be used by online stores I can invest some in it.

I would hold off investing for a few days just to see how the markets recover from the Kraken DDOS, but by Monday/Tuesday, if the markets are still holding and not everyone shorting it for the low-mid 80's, i'd say it's a pretty sound investment.

As of now it looks strongly at $90, though it's better safe then sorry

If there is one crypto that will be used widely for transactions by corporations/banks, I think it'd be Ethereum.

There are some problems with it currently, since it's still very early in it's development. Scaling being the main problem Vitalik (Ethereums lead dev) has some theories on how to solve it, but as of now the blockchain will continue growing. i think it's currently around 6-10GB. And honestly, if ETH does reach it's potential the blockchain size could become unprecedented. People won't find it feasible to hold a 1TB blockchain on their computer for general transactions.

Though, I trust that the devs will find some kind of solution. The next update will help scaling somewhat, and I think it will improve over time.

One of the reasons I support bitcoin is because steam supports it. If we could get a few big online stores like steam and amazon to accept the currency Id be thrilled.

That's the most uneducated reason you could use to justify your backing behind a crypto currency.

[Skullmeat]

I would hold off investing for a few days just to see how the markets recover from the Kraken DDOS, but by Monday/Tuesday, if the markets are still holding and not everyone shorting it for the low-mid 80's, i'd say it's a pretty sound investment.

As of now it looks strongly at $90, though it's better safe then sorry

If there is one crypto that will be used widely for transactions by corporations/banks, I think it'd be Ethereum.

There are some problems with it currently, since it's still very early in it's development. Scaling being the main problem Vitalik (Ethereums lead dev) has some theories on how to solve it, but as of now the blockchain will continue growing. i think it's currently around 6-10GB. And honestly, if ETH does reach it's potential the blockchain size could become unprecedented. People won't find it feasible to hold a 1TB blockchain on their computer for general transactions.

Though, I trust that the devs will find some kind of solution. The next update will help scaling somewhat, and I think it will improve over time.

One of the reasons I support bitcoin is because steam supports it. If we could get a few big online stores like steam and amazon to accept the currency Id be thrilled.

That's the most uneducated reason you could use to justify your backing behind a crypto currency.

How so? Whats the point if you cant actually use the currency?

[pvnk]

I also have to think that there's no competition between BTC and Ethereum. They're different currencies and I don't think BTC had the intention of being the perfect solution. It also forefronted the crypto currency world.

[pvnk]

One of the reasons I support bitcoin is because steam supports it. If we could get a few big online stores like steam and amazon to accept the currency Id be thrilled.

That's the most uneducated reason you could use to justify your backing behind a crypto currency.

How so? Whats the point if you cant actually use the currency?

Simply because Steam supports it doesn't actually GIVE you a valid reason to use the coin, but I guess if your purpose is to squander it on video games, I guess BTC wasn't really made for you anyway.

It was meant to be a currency that was inherently anonymous and HOLY SHIT BTC is at 1600.