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Ask Slashdot: Time To Get Into Crypto-currency? If So, Which?
Qbertino writes: With 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 the way to go, or will it falter under wide use / become easily trackable once NSA and the likes adapt their systems to doing exactly that? What digital currency has the technical and mind-share potential to supersede 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?
Gonna go out on a limb and say maybe that boat left port sometime around March 2014.
You're too late... way to late.
No.
...the answer is "NO".
Collect real currency. Coins. Polish them. Rub them against your manhood. Push them up your back passage. Love money. It's more rewarding.
With the ever-looming cyberpunk future in close proximity
This is what happens when slashdot is your only source of news and you frequent it too often.
For the short/medium-term future Bitcoin is really the only option if you want a cryptocurrency that you have any hope of using like a currency, to you know, exchange value with other people. The others, aka "altcoins", are mostly still at the stage of tech demos or niche experiments. Which can be fine if you find investigating that scene to be interesting as a hobby.
10 PRINT CHR$(205.5+RND(1)); : GOTO 10
I've been into Bitcoin and cryptocurrencies since early 2011 after I saw one of the first Bitcoin slashdottings in late 2010. I went mostly "all-in" around 2012 after some trouble with my bank, never looked back, and have happily lived 90%+ crypto ever since. If I was a betting man I'd say look at Monero: http://getmonero.org/ It's definitely not "ready for primetime" just yet, but the foundation is there and is moving in the right direction. Reminds me of Bitcoin in 2011. Good luck.
At this point, you can pick any of them. Their value barely changes anymore.
Billy Idol is too modern, must be Chuck Berry.
If builders built buildings the way programmers wrote programs, then the first woodpecker would destroy civilization.
Bitcoin is still the fastest growing cryptocurrency. Technology to increase privacy is already being worked on such as `Confidential transactions` and methods of mixing coins with other people. Kind of like analogous to Tor and the Internet. Private if need be. I expect any innovations that other currencies come up with will be added to bitcoin and it`s leading position will be hard to topple. It`s killer feature is the network effect and it`s access to more liquidity.
When you start with that postulate, you're probably going down the wrong path.
You are welcome on my lawn.
Money is for economic transactions. Do you want to buy stuff overseas or online without using a credit card? Then consider Bitcoin. If you don't need Bitcoin for any transactions, don't bother.
If I’d started mining bitcoin back when it first started, I might have made a lot of money by now. But I kept procrastinating, and now it’s too late. It now costs more energy to mine a coin than a coin is worth.
Also, I should have bought Apple stock back in the 90’s.
Cryptocurrency is kind of like a Ponzi scheme.
I thought about buying some dedicated bitcoin mining hardware a couple years ago. By the time you factor in cost of electricity, probability of mining a valid coin, and the mechanism by which bitcoin increases the difficulty of mining every time a number of new coins are found, it's a losing proposition as it takes an ever increasing amount of compute power to find each new coin.
Unless you are mining bitcoin via a botnet and you are stealing the compute and electrical resources used by the mining, it's less than break even on average, at least from a pure production standpoint.
Is it to trade with people using XYZ-coin? Then use XYZ-coin.
Is it to speculate? Sorry, nobody can predict the future. A few centuries ago Tulips were all the rage, but we all know what happened to them.
Is it market goods and services to XYZ-coin speculators? Then go with XYZ-coin so you can be part of "their community"?
Is it to promote features like anonymity/privacy or free-as-in-freedom that are probably better in XYZ-coin than in traditional currencies? Then pick any one that meets your "base criteria" in these areas: Bitcoin not good enough for a particular metric you are looking for? Then name the specific feature that BitCoin doesn't provide (or doesn't provide well enough for your needs) and ask Slashdot for help finding an XYZcoin that does.
Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
> 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.
Bitcoin transactions record sending and receiving addresses, and the amount sent, and that's it. Privacy depends on how careful you are outside the transaction itself. For example, if you buy something physical online, and give a delivery name and address, the store knows who those bitcoins came from. But compared to a credit card or paper check, which have your name printed on them, bitcoin transactions have the *possibility* of privacy. Cash is no longer anonymous, by the way. Banks and ATMs can scan serial numbers when cash goes out and comes in. Depending how many hand-to-hand transactions happen in between, they can figure out what you were doing.
> Rumors of Bitcoin showing cracks are popping up and also there are quite a few alternatives out there.
The Bitcoin Network is still running fine. They are getting close to a limit in the code originally intended to stop spam transactions. That limits the size of "blocks" of transactions to 1 MB. The current arguments are over how and when to raise that cap. A majority of the network has to upgrade to raise the limit. Yes, there are lots of alternatives, because all it takes is to fork the code and slap a new name on it (it's open source). But as this table ( http://coinmarketcap.com/ ) shows, Bitcoin is 7/8 of the market, and only three others have significant market capitalization and trading volume. Building a network of users, apps, etc. for an ecosystem is a lot harder than releasing a new cryptocoin.
> Is getting into dealing with crypto currency worthwhile already?
It was for me, but I started in mid-2011 (from an article on Slashdot, in fact). If it is worthwhile for *you* depends on a lot of things. If you send money to family in another country, or international wire transfers, it may be very worthwhile, because of the very high fees from the other methods. If you are an average US consumer with credit and debit cards and want to shop on Amazon, not so much.
> become easily trackable once NSA and the likes adapt their systems to doing exactly that?
The NSA can download a copy of the blockchain, just like everyone else. What they have, that the rest of us don't, is all the other data collection that can correlate a Bitcoin transaction to a person or place. Like if you are using a smartphone app to send bitcoins, they know who owns the phone and where you were at the time
> What digital currency has the technical and mind-share potential to supersede bitcoin?
What social network is going to replace MySpace? :-). What OS is going to replace Windows? Predicting the future is hard, especially before it happens
> Are there feasible cryptocurrencies that have the upsides of Bitcoin (such as a mathematical limit to their amount) but are fully anonymous in transactions?
Bitcoin can be anonymous, but you have to use it properly for that to happen. As I said above, data leakage *around* a transaction is how you de-anonymize it. The same would be true of alt-coins (the general name for cryptocurrencies besides Bitcoin). If you use them to buy something, the seller may leak your info.
> What do the economists and digi-currency nerds here have to contribute on that?
Economists in general don't have the software chops to understand how cryptocurrencies work, and have religious beliefs on how economies and money *should* work. Not all of them, but a lot of them. My own opinion is bitcoin is the most developed cryptocurrency, with the most users, apps, mining hardware, etc. The direction in the future won't be replacing bitcoin with another coin, but building layers on top of Bitcoin. It's a communication protocol for scriptable transaction messages, and people have barely figured out how to make use of that. As such, it is similar to the IP protocol stack.
There are exchanges that automatically eat fluctuations in Bitcoin value, so they adjust your account so you don't lose anything. The downside is that you don't gain anything on an upturn, either. I recommend YiD MOX (Yugioh: Duel Monsters Online Exchange) but in case the feds raid them or something you might want to hedge your bets with TNAP SOX (Totally Not A Pyramid Scheme Online Exchange) just to be safe.
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
We will need to develop something that can provide some kind of direct peer to peer method of exchange to replace it.
“He’s not deformed, he’s just drunk!”
If you think Big Brother is invading your privacy, you are correct.
If you think he wants to listen in on your phone and email, you are correct.
If you think he is interested in where you get and spend your money, you are wrong.
He is not just "interested", he will demand that information with all the force at his command.
Crypto-currencies are being developed by banls, and they will florish with a back door.
Find a bank-sponsored blockchain development and spend your time with it.
Crypto-currencies are the obvious future because they can save the banks a fortune.
But they will never be acceptable without government tracking and control.
I could continue but I assume you are familiar with the IRS.
I've been keeping my eye out on Zero Coin. It's basically the mathematical solution for turning BitCoin and/or other / new alt-coins into cash-like anonymity that we don't currently have with BitCoin or any alt-coin. We shouldn't need mixers and the like if this is done right and now we have the proofs so it's mostly a matter of implementation and getting it into the mainstream.
For the purpose of trade, let the banks handle the transaction:
http://uk.reuters.com/article/...
Soon, I'll be able to send funds via Bitcoin through my bank's web interface.
I won't worry about losing my Bitcoin wallet - the bank will take over that risk.
I'll log in and choose to send regular currency to another account; one of my options will be a Bitcoin transaction.
My bank and the other account's bank will handle the Bitcoin.
I'll see regular currency leave my account and the other party will see regular currency enter his/her account.
The automobile was more convenient than owning a horse. MP3 is more convenient than dealing with CDs. Try actually using cryptocurrency and it rapidly becomes apparent that it's far simpler just to whip out your credit/debit card, or good old cash. If you're buying something online, PayPal's more or less got your back if the seller screws you over. Ordered an iPhone and received this instead? File a claim.
The only reason anyone bothers with Bitcoin is because they believe a bigger fool will buy the Bitcoins off of them at a later date, or because they're buying things (contraband merchandise) that they don't want legitimate payment processors knowing about. Most legitimate businesses that accept Bitcoin simply use a payment processor that immediately exchanges the Bitcoins for cash, and generally you're the one eating the transaction fees on both ends (unless you get lucky and Bitcoin fluctuates up in the time since you exchanged cash for your Bitcoins).
If you really want to live in the brave new world of electronic payments, get a phone with NFC and try using that for awhile. You'll quickly discover it's still more convenient to use a form of payment that's accepted everywhere (cash, credit/debit), rather than remembering which merchants have functional NFC equipment and fumbling with your phone.
---
DRM is like antifreeze, to the MPAA/RIAA it's sweet, to the consumers it's poison.
The essence of cash is having something that is hard to duplicate, but can be unambiguously passed on to someone else.
The mystical part where folks put value in something that does not represent a useful thing in the real world is another subject.
For Crypto currency, the system needs to permit the a potential new owner to verify that the torch of ownership is being exclusively passed to him.
The tools available to him to do this are a public database (the block chain), anything private in the coin, and maybe the public key efforts of others.
Getting both unambiguously passed and privacy seems an unsolved problem. Here is a scheme (probably with holes?) which may provide food for thought to improve the balance between these two competing goals:
If the coin had a unique identifying number, then this number could be used to look into the block chain to provide a list of all the previous transactions on that coin.
Encryption, using keys in the coin, could authenticate this record and make it viewable only by the holder of the coin.
Given this, the potential owner should be able to verify that the transaction list in the coin matches the whole public list for the coin.
He could then add a transaction passing the torch to himself.
An external observer would get the public list of encrypted transactions, but not have the keys to open them, unless he was able to eventually acquire the coin.
Note that the torch can be passed, not so much to an owner, but to whoever can view the data in the coin.
Holder N can see everything up to transaction N. The N+1 owner should be the only one knowing the added bytes for N+1 until he passes on the coin.
Maybe eventually somebody will get all the details right, or come up with a proof that says it can't be done. Should be an interesting technology to watch evolve.
Bitcoin made a lot of progress on the technological front, but its economics is flawed because it limits the number of bitcoins which can be mined, and makes them progressively harder to mine as more are found. This is the same flaw behind using gold as your currency standard, and will cause the same problem - economic instability via repeated bouts of deflation. Basically, because the amount of gold (bitcoins) doesn't grow as quickly as the size of the economy, prices for things in that currency start to go down.
Vastly simplifying the economy into one currency and one product, today there are x bitcoins and you make y widgets. The price for a widget is thus proportional to x/y. Tomorrow, the number of bitcoins hasn't increased as quickly as your economic activity is increasing. There are 1.2x bitcoins, but you make 1.5 widgets. The price for a widget becomes proportional to 1.2x/1.5y = 0.8x/y. In other words, deflation - a widget is only worth 80% what it was yesterday.
Now apply the same principle to all goods and services, and the price of everything is going down (actually the price of bitcoins is going up). Once people start to understand what's happening, they stop buying things. They want to wait until the last possible minute, until they absolutely need an item, to buy it because the longer they wait (the longer they hold onto their bitcoins), the less it will cost. This slowdown in economic activity causes a recession, which decreases the number of widgets that are made until once again their price goes up (because not enough are being made to meet demand), which starts the same process over again. Economic instability.
That's why every major economy has abandoned the gold standard for a fiat currency. Yes a fiat currency can be abused if the people in charge of it are corrupt. But used properly with the money meted out at about the rate the economy is growing, prices remain stable and so is the economy. Just look at the list of recessions in the U.S. pre-1933 and post-1933 when the U.S. went off the gold standard. The economy has been much more stable with a fiat currency. That's what needs to happen with a cryptocurrency for the "boat to leave port." If someone can come up with a cryptocurrency which is independent of central control, yet its supply increases at roughly the same rate the economy expands, that is the boat you want to get on. It just won't be as lucrative for early adopters as bitcoin because it won't be a ponzi scheme.
If you say so grandpa.
It is the nature of the process and why it works. It is how it verifies trades. It is also why it is useful for keeping land record and especially dealing with corruption in transactions. Perhaps a lot more reading will help you understand block chains.
There are only two cryptocurrencies with any real momentum today: Bitcoin and Ethereum. The former has a huge head start, while Ethereum is more ambitious and attempts to offer a broader platform for running smart contracts. On the fringe you can add Monero or possibly Zcash (doesn't exist yet) as more privacy centric options. If you believe that any of these have a chance for broader adoption and use then you're still very early in the game as far as investments go. On the other hand, they could all fail and go to zero.
Like bitcoin only a certain amount of my poop is minted each day. It's cant be forged because it's loaded with my DNA. and when I die theres a maximum amount that will be in circulation. Like cash it's not traceable. You can divide it finely. Anybody want to invest?
Some drink at the fountain of knowledge. Others just gargle.
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. Is Bitcoin the way to go, or will it falter under wide use / become easily trackable once NSA and the likes adapt their systems to doing exactly that? Are there feasible cryptocurrencies that have the upsides of Bitcoin (such as a mathematical limit to their amount) but are fully anonymous in transactions?
There are a number of properly anonymous cryptocurrencies now. Dash (formerly Darkcoin) and Monero are current market leaders. Zerocoin is a notable new contender as it uses zero-knowledge proofs which are as good as you can get on anonymity. Bitcoin on the other hand would require dramatic changes which are very unlikely to receive support from the institutions involved with it.
So I have some questions: Is getting into dealing with crypto currency worthwhile already?
Only if you're a fan of economics and programming. It's still very much in the experimental phase of technological maturity.
Rumors of Bitcoin showing cracks are popping up and also there are quite a few alternatives out there. And does Bitcoin own the market or is it still flexible enough for an technology upgrade?
There's currently a holy war going on between different groups of Bitcoin developers on how to upgrade network protocol, which is sorely needed given Bitcoin's dinosaur status in the field. Looking at that there's definitely not much flexibility. There's also not much of a market to own yet, so despite its network effects, Bitcoin could easily be dethroned by a cryptocurrency with actual momentum in becoming useful beyond largely experimental purposes.
What digital currency has the technical and mind-share potential to supersede bitcoin? What do the economists and digi-currency nerds here have to contribute on that?
Ethereum has by far the strongest development community at the moment. It's also designed to maximize flexibility in what it can be used for, giving it abilities to adopt new features as needed without requiring agreement among those using it (pick and choose which features you want to use for all but the most fundamental).
What are your experiences with handling and holding cryptocurrency?
Dodged a couple exchange collapses, scary stuff. Keeping wallets local, encrypted, and with multiple backups is a considerably safer experience and doesn't require too much involvement. Getting holdings in the first place is also a hassle.
The best time to get into crypto-currency is six years ago. The second-best time is today.
I like the idea of a crypto-currency, but like the title says, I don't think it's ready for primetime. At the moment there are too many holes and ways for things to go bad with a crypto-currency. Maybe some or all of these holes will be fixed, maybe not.
Based on the current state of computer security, though, I don't see how some of these holes can ever really be closed, or at least mitigated to a significant degree of safety.
The attack surface for a crypto-currency seems large, very large. That's kinda scary to anyone thinking of putting money into any crypto-currency.
Also, there doesn't seem (as yet) to be a mechanism to replaces losses incurred by innocent parties. So far it seems like if the clearinghouse or "bank" or repository gets cracked, you're just screwed. That's not true of ordinary banks, if someone robs or defrauds a bank, you still have your money.
Unfortunately, the very nature of current crypto-currency models doesn't appear to allow for any kind of insurance to be put in place. Part of this may be due to the fact that current models have a built-in limit to the amount of currency that can ever be minted. That seems like a flaw to me (although I'd be the first to admit I'm no expert on crypto-currencies).
Seriously, I like the idea of a crypto-currency, but I see what appear to be some serious, real-world problems that seem like they would hamper its widespread adoption.
Just cruising through this digital world at 33 1/3 rpm...
Is getting into dealing with crypto currency worthwhile already?
Yes
Is Bitcoin the way to go, or will it falter under wide use / become easily trackable?
Bitcoin is possible to get and use anonymously (LocalBitcoins or some ATMs) but it is cumbersome to manage anonymity by default. Recommend buying a small amount of Bitcoin and converting it into Monero using Poloniex or ShapeShift.
What digital currency has the technical and mind-share potential to supersede bitcoin?
Monero is a very interesting crypto currency because it is based on mathematical proofs. The maths is too heavy for me but I believe its community has the mind-share potential to supersede 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?
While Monero doesn't have a fixed limit like Bitcoin does, some see this as an advantage. A common criticism of Bitcoin is what happens when all the coins run out; what if not enough people pay transaction fees and miners are not incentivised enough to continue securing the network. In Monero there's a small (0.3) block reward that continues to be issued. Monero does have anonymity and soon full anonymity with confidential transactions bringing anonymity to not only the addresses but the amounts too.
What are your experiences with handling and holding cryptocurrency?
Mined Bitcoin in 2011, invested in 2012, travelled the world in 2013 - 2014, got hacked in 2014, now using cold storage.
And does Bitcoin own the market or is it still flexible enough for an technology upgrade?
Bitcoin currently owns the market but I don't think the governance is flexible enough to upgrade to the anonymised technology that Monero uses - see block size debate.
One of the things that interests me about crypto-currencies would be the potential they have for acting as a foreign-exchange vehicle. Say you want to go on vacation overseas. You buy some Bitcoin in your local currency, fly to your destination, then exchange your Bitcoin for the currency of your destination... It doesn't sound like much, but in theory your actions have just bypassed one of the more lucrative parts of international finance - foreign exchange. When you have credit cards charging ~2% for foreign currency transactions (a joke - multiples of what it costs them) you can see how Bitcoin will very quickly accumulate detractors - ***because the established players have so much to lose from a successful cryptocurrency***. It is interesting to see the different strategies being taken at the moment - every major bank in the world is exploring the use of blockchain currency, whilst (for example) the European Union is discussing outlawing use (usual four horsemen story). Answering the OP's question is going to depend on the use being contemplated. As an investment? Too late. As a practical, utilitarian mechanism to make life easier and cheaper? Probably too soon.
Check Gulden out for a currency that is still small enough to get into but is showing some real potential.
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 â" 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
We suffer more in our imagination than in reality. - Seneca
No, it is not time to start using a cryptocurrency.
The time is after some trust can be put in those backing the currency - not necessarily backed by gold like in "cryptonomicon" but something of value to provide an assurance that it is not a bubble.
Doesn't the blockchain list the previous transactions? Correct me if I'm wrong, but doesn't that make it the least anonymous currency on the planet?
- You want to get into bitcoin because you want to "invest" in it: Bitcoin is very volatile. Study the charts and make your investment decision just like you would when buying stock. It's extremely high risk. The way things are going there's a good chance you loose everything if you are not willing to get out with a loss. The contrary might be true as well though. Since there's no crystal ball this is a hard prediction to make. Just see all the other comments.
- You want to hoard money in bitcoin instead of a bank account: Don't do it. See above.
- You want to use bitcoin for payments: For this purpose bitcoin is fantastic. You can send bitcoin around the world in milliseconds. So buy some bitcoin worth the amount you want to pay and send it off to wherever you want to make the payment to. Remember it's not 100% anonymous though as the payment can be tracked - as mentioned in some of the other comments as well. There's a chance of governments trying to fight bitcon but we will see how successful that is. I myself run a small webpage selling digital services that accepts bitcoin (as well as paypal) and I have more than 50% of my customers paying with bitcoin. Comparing bitcoin to other crypto currencies: bitcoin has the most acceptance. I doubt that any other crypto currency will ever achieve that level of acceptance. Once exception might be if a central bank would decide to issue their own crypto currency and tie it to their FIAT currency (e.g. USD, EUR, ...) in which case I think it would take off like a rocket. Chances of that actually happening though are very slim.
- You want to get into the blockchain technology: This is independent of bitcoin. Bitcoin is just one use-case for blockchain technology. The blockchain technology has high potential and I would absolutely recommend you get into the technology and become a blockchain expert. If you know the ins and outs of the technology there's probably numerous jobs for you out there.
Unless you live by a hydroelectric dam and have spare capacity on a super number cruncher it's a waste of time.
I imagine any "crypto" currency that's useful will become difficult to get/use based on my ever escalating Bitcoin experience.
"If any question why we died, Tell them because our fathers lied."
Check out Openledger:
https://bitshares.openledger.info/#/
Everytime a trade is made on that exchange, BTS is spent on the blockchain.
If you wanted to be part of the cryptocurrency farming, you should have spent a fortune on computers and video cards back in 2009 when everyone and their dog wanted to start one. That boat as long since sailed.
If you get into cryptocurrency farming now, it will just be a waste of energy (indeed many farmers were raided when the electric utility suggested the power use was due to an illegal grow-op) , and owing cryptocurrency is tantamount to gambling.
If someone can come up with a cryptocurrency which is independent of central control, yet its supply increases at roughly the same rate the economy expands, that is the boat you want to get on. It just won't be as lucrative for early adopters as bitcoin because it won't be a ponzi scheme.
There's actually one rather popular cryptocurrency with built-in inflation. But I'm not sure how seriously you'll consider a business that deals in "doggie" money.
It's because they didn't know how to spell "dystopian".
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
Bitcoin and other formats are the currency of choice of drug addicts. If you're a pothead, go for it. But if you're a normal person who isn't struggling with a drug addiction then bitcoin makes little sense.
Ask yourself why you need a currency that is largely used by and redeemable only for use on the black market. Chances are if you're a regular law-abiding citizen you aren't interested in that.
German officials recently suggested to make all transactions larger than 5000 Euros illegal in cash.
Kind of hard to stop it from happening ...
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
That would have been a more clear question.
New things are always on the horizon
I used to define a financial bubble as when the guy in the cubicle next to you brags about how much he made in his investments. When that started to happen, I knew the market was ready for a correction.
Now my definition is "When Slashdot starts offering investment advice"
To answer the OP, "Sell every crypto currency you have right now"
If your children ever found out how lame you are, they'd murder you in your sleep
This slowdown in economic activity causes a recession...until once again their price goes up
If you were talking about a normal 'fiat' currency then yes I would agree. However if you have an absolutely fixed supply of currency then deflation is not an abnormal condition but the steady state. In such a condition I'm not sure that your argument holds because there is no point in holding off for when prices start to rise because they will not, at least not be any significant amount.
Even if you are right and steady-state deflation encourages people to hold off on purchases until they really need something perhaps this is not a bad thing. Reducing consumption is a good thing to do given the limited resources of the planet. As for the stability of the economy look at the UK recessions. The US is a relatively new country which had a rapidly developing and changing economy over the period you give also the measure used changes with different periods in the article you linked. If you look at the UK list then, except for the great depression, there is no real difference in the depth of the recessions but there may be some indication that there were fewer, but longer, recessions before 1931 when the UK came off the gold standard. So I don't see the evidence to support your assertions.
See subject Mr. webmaster: This exposes your CRUDE motives asshole http://slashdot.org/comments.p...
APK
P.S.=> "It's going to be a PLEASURE watching you DIE, Mr. Anderson..."
... apk
Monero is the most anonymous cryptocurrency currently; it has been in use since April 2014. Go to http://getmonero.org/ and http://reddit.com/r/Monero to read more.
To be honest, you'd be better off if you just glued your forehead to your crotch.
It's probably the most discussed topic for any business :) I used to build long-standing relationships with my partners and customers, so money is a crucial point here. My experience shows, that company is doing well being secure with its funds. That's why I cooperate with http://casherbox.com/en to make money transfers. The system provides p2p no-fees transfers, so it was a great solution for my business. And I can keep the track of all money flows easily, as transfers are accomplished with same day approval. Perfect for enterprenuers!