136 karma · joined December 6, 2016
Personally I believe in efficient markets. I think the $200B is the best guess the market came up for the intrinsic value of BTC. Independent of speculation.
My feeling is similar to yours though. That BTCs value is closer to $200m then to $200B.
I have the theory, that the value of a cryptocurrency is equal to the sum of transaction fees people will spend in the future, discounted for inflation.
Currently Bitcoin users pay about $5m per day on transaction fees. That is $1.82B per year. At this rate, it would take 109 years to reach those $200B.
So by that logic, the market predicts a strong future for BTC. Either it will be around for very long or its usage will grow.
Personally, I am skeptical. I think there will be too much competition. It might be hard to replicate the BTC ecosystem but I don't think it is $200B hard. Especially since there will be rapid changes to the whole crypto space in the coming years (offchain transactions, alternative mining forms etc).
I expect we will end up with a currency that does not need mining at all. I think we will end up with a currency that uses signed transactions that are simply broadcasted. The receiver asks a bunch of trusted nodes "Is this a double spend?" and if they reply "no" then the payment is accepted.
That is simple, instantaneous and free. And has almost no real life downsides compared to Bitcoin.
If your Linux systems are running a normal Linux
distribution, go update your kernel. They should
all have the updates in them already.
I use Linux Mint and have not seen any recent kernel updates.Which kernel version is considered safe?
I for one don't want that. I like startups. Let them do the shopping comparison. Let them do all kinds of stuff. Don't let the giants swallow everything.
"Please go to the supermarket and get two bottles of beer. If you see Joe, tell him we are having a party in my house at 6 tomorrow."
It took me a few seconds to write that. Imagine I had to paint it.