Submission + - Is it time to seriously get into crypto-currency? And if so, which?
Qbertino writes: German officials recently suggested to make all transactions larger than 5000 Euros illegal in cash. It's only a proposal, but definitely some back-room grey-suits machiavellian attempt to introduce the concept of ultimate transaction tracking in the long term. We all know how this goes. With all this and the ever-looming cyberpunk future in close proximity, I'm starting to wonder if it isn't time to get myself familiar with crypto currency as a means of trade.
Bitcoin is all the hype, but the blockchain has flaws, in that it isn't as anonymous as one would hope for — you can track past transactions. Rumors of Bitcoin showing cracks are popping up and also there are quite a few alternatives out there. So I have some questions: Is getting into dealing with crypto currency worthwhile already? Is bitcoin a way to go or will it falter under wide use / become easyly trackable once NSA and the likes adopt their systems to doing exactly that?
What digital currency has the technical and mind-share potential to superceed bitcoin? Are there feasible cryptocurrencies that have the upsides of bitcoin (such as a mathematical limit to their amount) but are fully anonymous in transactions? What do the economists and digi-currency nerds here have to contribute on that? What are your experiences with handling and holding cryptocurrency? And does bitcoin own the market or is it still flexible enough for an technology upgrade? May the discussion begin ...
Bitcoin is all the hype, but the blockchain has flaws, in that it isn't as anonymous as one would hope for — you can track past transactions. Rumors of Bitcoin showing cracks are popping up and also there are quite a few alternatives out there. So I have some questions: Is getting into dealing with crypto currency worthwhile already? Is bitcoin a way to go or will it falter under wide use / become easyly trackable once NSA and the likes adopt their systems to doing exactly that?
What digital currency has the technical and mind-share potential to superceed bitcoin? Are there feasible cryptocurrencies that have the upsides of bitcoin (such as a mathematical limit to their amount) but are fully anonymous in transactions? What do the economists and digi-currency nerds here have to contribute on that? What are your experiences with handling and holding cryptocurrency? And does bitcoin own the market or is it still flexible enough for an technology upgrade? May the discussion begin