RE: 3 Problems Cryptocurrency Solves
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I may not be as optimistic here. I only see really like immutability censorship resistance. Which i don't think many people that concerned about right now. Most people i know dying to reveal their identity to the world lol. You can't stop them they like the kardashians.
I mean there are peer 2 peer networks i believe we can do the same. I don't know if i'm sold on we're going to have every business in existence operating on the chain and you own a portion of everything. That sounds pretty good in some ways. I just don't think feel certain businesses or the idea everything needs to be on the chain is true. Many prefer video hosting and in some cases music etc., not be on the chain.
Gaming i can't really speak to that i'm not big into games. Maybe something in the future happens all the kids make a living as professional gamers. Idk but for right now It's probably like one thing the blockchain does well. I'm hunting down this documentary about bitcoin and why business doesn't work on the blockchains that like jimmy song and tone vays are in... if i find it i'll try to post it to the thread. it brought up many good points..
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If you do find it please post it, I am looking forward to seeing it.
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Wow i been looking for this video for months. I tried many searches never came up.. I hit right on it today good deal. Yea i'm not trying to kill dreams here. My entire thing is about education and making sure people got the tools they need. Whereas the deal with the bitcoin maximalist is he wants everything to be done in bitcoin which it can't be .
The altcoin guy has his heads up in the clouds. So i sit back and i try to decipher what's valuable from what's not really. So often times i go well ubi is because first i know many people going to care about it.. I know the vendor and the merchant even if the ydon't care about it. They will carry the wallets to faciliate the large amount of wallets that have it for trade of their new economic stimulus. So that makes sense to me.. Well anyway maybe this will shed some light and reasons on why maybe business models may not work on the chain.
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I wanted to add that it probably really gets into it after about minute 3. The first part if an explanation of basic functions of bitcoin. However it's so interesting as he's so negative about logistics on the chain.. food and many uses many of us would consider good use cases.
He talks about how developers get so rich creating all these ideas about what should go on the chain. The products lose 90% of their value lol. The only one who's seemingly not done that and just about recouped all its value is bitcoin. So i think we have to be careful about what we expect from the blockchain and where the focus should be.
Not saying altcoins won't make money. The developers build projects that make them rich just lose us our money lol. So although Jimmy does touch on most of what i was talking about .. this is part of a bigger documentary about an hour or so long that actually shows businesses that tried to leap on the blockchain hype train.
I think with our project in a very trumpian way we go we'll build a ubi platform and bitcoin will pay for it". However that's very carefully thought out. As our first approach is not to dilute bitcoin in which some products it's arguably they do. Some people believe altcoin dominance in a way can do that. So with us you don't buy our coin at all unless you're just a speculator. We match to the bitcoin ledger and if you own bitcoin and can prove it.. You get bitcoin myk in relation to that. Now what we happen to do is i think in bitcoin cash only about 3 million coins were claimed if i'm not mistaken. So we pay for our ubi with unclaimed coins but where we're different is we honor claims at anytime but there is a transactional fee.
The point i'm trying to make and why this is all important is that if our philosophy is correct the ubi network effect will outgrow the btc network effect. Thus we believe we'd be more valuable and we'd also be more rare as we reduce coins at a rate in a similar fashion to the bitcoin halving. So all this is important because we're saying the line between us and bitcoin doesn't change much like what you get with altcoins. So whether Jimmy Song is correct or not in his assessment i believe not only is bitcoin myk a more harmonius product but its a more likely to work product in my opinion.. So i may find the complete documentary but that was the most important part of it.
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