"liquid coin" it does have a nice ring to it.
They should do it now, now that there are still not that many regulations. They should be fast as well because this probably wont last,everyone being able to print their own money which is worth whatever the market gives for it.

Its like being back in my childhood when we played border patrol. Everyone who wanted to pass our border had to pay 100, which was just 100 written on a small piece of paper. We had a great economy based on this. At one point I started making certified 100,s and would only accept my own 100 bills,urging my friends to do the same. It didn't really pan out that way but we did have lots of fun. Never thought it would make it into the real world but here we are.

Regulations will come for sure,there is no way they will keep allow everyone to make their own "coin" as in the end it is a sort of pyramid sceme. So if you wanna cash in with your own coins you better be quick I think.

aseq

Netherlands3999 Posts

January 10 2018 23:29 GMT

#989

I don't think you can stop people from making their own coins, but in the (near) future everyone will think twice before putting their money in some kind of coin while the company releasing them only have a white paper and no kind of product or even demo version of a product. Some coin companies literally consist of 8 college students, 2 of which are are in computer science, with a couple of *advisors*.

Some coins don't seem to have any function except to raise money (kuch*Dentacoin*kuch). There should also be plenty of startups that use blockchain technology for things other than currency, but those aren't visible right now. Making a LiquidCoin would be fun, but I don't really see the point.

ShoCkeyy

7815 Posts

January 10 2018 23:35 GMT

#990

aseq ever heard of dogecoin?

aseq

Netherlands3999 Posts

January 11 2018 02:50 GMT

#991

Sure, but I've only used it in order to buy XRB so far. I think the only reason DogeCoin has a platform atm is because it's already implemented in a lot of places (been around since 2014) and BTC tx costs and speed are ridiculous right now. As soon as that's fixed, there won't be much of a reason to use it.

So sure, TL could make another Dogecoin, but it's extremely late to the party. There are already more than enough useless coins: Potcoin, Trumpcoin, Insanecoin, Unobtainium, Putincoin.

KwarK

United States43978 Posts

January 11 2018 03:08 GMT

#992

If tl created liquicoins and then set up a gg.net style betting system for bw/sc2/dota matches then I'd use them. Have them given away in limited quantities at the start of the season to people with tl accounts, objective is to win as many as possible by gambling on the progames.

Can't buy them at all at first, can only buy more if you run out of coins, and even then only in $5 bags or whatever. Show a leaderboard somewhere. The money used to buy coins goes into a fund for a buyback at the end of the season.

I think that'd be super fun.

sob3k

United States7572 Posts

January 11 2018 06:59 GMT

#993

There have been very conflicting reports right now about korea banning/restricting/auditing crypto and exchanges today....anyone in SK know what the real story is?

ragnasaur

United States804 Posts

January 11 2018 16:17 GMT

#994

TLC TeamLiquidCoin - the coin with a theme song (no scrubs)

Paljas

Germany6926 Posts

January 15 2018 15:34 GMT

#995

On January 09 2018 14:37 KwarK wrote:

Show nested quote +

Duh, that's obvious. Never pay more for a crypto coin than it's innate value.

nice

fishjie

United States1519 Posts

January 15 2018 22:01 GMT

#996

On January 10 2018 05:43 KwarK wrote:

Show nested quote +

Just like I do with my Enron stock. People who sell are suckers. The price will recover eventually.

enron was a single corporation run by crooks with no transparency. bitcoin is decentralized with a public ledger so i dont think that comparison is valid

KwarK

United States43978 Posts

January 15 2018 22:31 GMT

#997

On January 16 2018 07:01 fishjie wrote:

Show nested quote +

enron was a single corporation run by crooks with no transparency. bitcoin is decentralized with a public ledger so i dont think that comparison is valid

Enron had a product, bitcoin is a way of trading electricity for lines in a ledger.

Decentralization isn't a product.

fishjie

United States1519 Posts

January 16 2018 00:37 GMT

#998

decentralization is a key feature. people are tired of central banks destroying their money with massive inflation via QE and TARP and 0% interest rates. gold is an inflation hedge that people flocked to when the central banks were doing their bs, but gold has no intrinsic value either, i guess other than its value as a semiconductor. but its not why people flock to gold. same with cryptos

evilfatsh1t

Australia8862 Posts

January 16 2018 04:11 GMT

#999

On January 16 2018 09:37 fishjie wrote:
decentralization is a key feature. people are tired of central banks destroying their money with massive inflation via QE and TARP and 0% interest rates. gold is an inflation hedge that people flocked to when the central banks were doing their bs, but gold has no intrinsic value either, i guess other than its value as a semiconductor. but its not why people flock to gold. same with cryptos

gold and cryptos are nothing alike. gold does have intrinsic value and is an actual commodity unlike cryptos.
gold and silver get their intrinsic value from being the only 2 items on earth that can be used as currency. when fiat currency fails humans will turn to gold and silver for mediums of exchange because theyre the only 2 elements on the periodic table that are suitable for the job.
compare that to digital currency that literally serves no purpose and has no value

IgnE

United States7681 Posts

January 16 2018 04:34 GMT

#1000

On January 16 2018 13:11 evilfatsh1t wrote:

Show nested quote +

the only 2 elements on the period table suitable for the job??????