Re:Avoiding being scammed in ICO “pump-and-dump” schemes
by byoung2 on Monday August 28, 2017 @11:23AM
(#15117140)
I think the real value of crypto will come when the market is stable enough that people feel comfortable leaving their money in crypto instead of cashing out (avoid the commissions). Get paid in crypto, buy goods and services in crypto, and never have to deal with cash or banks. I think a great use for crypto is microtransactions which are cumbersome using cash (literally coins) or expensive using credit ($0.30 transaction fee).
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Re:Avoiding being scammed in ICO “pump-and-dump” schemes
by sireat on Monday August 28, 2017 @11:54AM
(#15117439)
Sadly transaction costs in established crypto are quite high for small (<$10)transactions. Microtransactions are not viable at the moment.
There would have to be a solid(likely with some sort of central authority) proof of stake crypto for inexpensive microtransaction models to work.
Of course the alternative is doing it off chain but that pretty much gets us back to trusting some sort of central authority.