Cryptocurrency

What's its endgame?

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en.wikipedia.org/wiki/Tulip_mania
en.wikipedia.org/wiki/Dot-com_bubble
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The smart investors will make a profit.
The dumb ones will loose everything.

Crashing with no survivors with only a few currencies actually surviving long term and becoming stable.

if you're having stochastic problems, i feel sorry for you son

i got #P problems, but NP ain't one

Crypto Will continue to be used but people will eventually realize they are poker chips not an investment

With utopian thinking - emergence of tokenized economies that cut out all the dead weight of existing administrative systems to better get shit done.
Think investing some ethereum in a local school project and gaining a direct share in it. Ordering a driver-less Tesla to your door using a fractional part of the Mona Lisa represented by ethereum tokens.
Next level automagic barter economies that naturally interface with IoT stuff everywhere and cumbersome old world top down organizations (corporate and government) being slowly being replaced by decentralised smart contracts that exist in the true cloud and can eventually govern progress by extremely efficient AI.

Realistically - it's just a big pump and dump scheme.

Uuuuu Jamal yo track fire can we get like mixtape. Yo?

>What's its endgame?
crash.
Cryptocurrency mania is just an old new story.
en.wikipedia.org/wiki/Tulip_mania
en.wikipedia.org/wiki/Dot-com_bubble
so the Historical endgame is: meme Cryptocurrencies will die and disappear. some of them maybe survive but the question is: how much value they really will have?

If by smart you mean the first ones because that's what happens in a Ponzi scheme you know.

cringe

And your little "rap" is soo cooool

d-damn

Blockchains with the whole transaction history being auditable by nearly anyone who wanted to are a pretty robust financial system, there is that.
Using cryptography to back a currency is novel, but consumes a large amount of power for mass scale use for bitcoin at least.
The ability to circumvent local inflation provides utility in some cases, eg. China and India, so it's value isn't absolutely zero provided these countries don't regulate it.
Specifically, Bitcoin's current high price is speculative in nature. Without price stability and faster transaction times, it will not be used as an actual currency, and will rather act as a commodity. I also would venture that infinite fractionability, while novel and useful at face value, is a weakness. It prevents users from being priced out on rapid upswings in value, which fuels speculative mania as we see now, and makes it more difficult for users to attach a price to physical objects (as the minimum amount you could possibly pay for something is a convenient comparison point for objects you value very little)

crypto-anarchy

You were supposed to be able to use it like regular money, but then a bunch of gay shit happened and now its too expensive to even use bitcoin for anything at all ever. Due to this, cryptofags resorted to treating coins as stock in order to let themselves pretend they didn't fuck up everything.

> Shit on the stability of currencies around the world
> Further surveillance technology a la smart contracts tied to IOT and purchasing power
> Inflate computing hardware prices to ensure it stays out of reach from commoners
> Waste electricity and run up electricty prices via a backdoor carbon tax scheme masked as a revolution :
en.wikipedia.org/wiki/Carbon_credit
> Allow for insiders who run the markets, exchanges, entry/exit points to get rich while dumb goys take all the risk and eventually get shaken down
> Implement a bubble and crash that has zero insurance/regulation
> A ponzi scheme

And its too lates. They already sunk in their hooks

In essence, all around kikery

Who is Crypto Will?

Maybe one day all the best things about the popular alt coins will combine into one and form a super currency, or the true end game for crypto. Where all the ones that exist today are just prototypes of its separate features.

Regulation of all points of exchange to real money there by killing the only thing it is good for and catching and taxing everyone that bought into it.

The one true purpose of the cryptocurrency explosion of late is to force people to buy nonsecure hardware at inflated prices. These nonsecure pieces of overpowered hardware are subsequently botnetted by our soon to be AI overlords. The distributed computing power all connected to one central service will soon be viewed as the security risk it is. Your efforts in trying to make a buck will produce a skynet like entity. Best of luck.

pilot for a global currency, worth less than paper and immune to bank run

This. Its a way for jewish speculators to move large volumes of money in between nations while avoiding taxes and surveillance.