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Ask Slashdot: Time To Get Into Crypto-currency? If So, Which?

Posted by timothy on from the cans-of-crypto-tuna-and-gallons-of-crypto-water dept.

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?

6 of 271 comments (clear)

  1. Betteridge can tell you. by Anonymous Coward · · Score: 2, Funny

    Ask Slashdot: Time To Get Into Crypto-currency?

    No.

  2. With the ever-looming cyberpunk future by tomxor · · Score: 5, Funny

    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.

    1. Re:With the ever-looming cyberpunk future by Brett+Buck · · Score: 5, Funny

      I am sorry, but I don't understand that statement. Are you asserting the denizens of slashdot are not an accurate reflection of society at large? Because I find that hard to believe.

      I have surfed the internet extensively, so I know what is really going on in the world. Don't try to pull the wool over *my* eyes!

      BTW, does anyone have a good website about curing Rickets at home? I would prefer a solution that does not involve exposure to sunlight.

    2. Re:With the ever-looming cyberpunk future by Brett+Buck · · Score: 4, Funny

      You're the tool of "big dairy"!

  3. Re:Coins by tandavanadesan · · Score: 5, Funny

    Collect real currency. Coins. Polish them. Rub them against your manhood. Push them up your back passage. Love money. It's more rewarding.

    Now I know why my mother used to say "wash your hands after touching money, you don't know where it's been".

  4. I'm selling my poop by goombah99 · · Score: 2, Funny

    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.