EPTBitcoin discussion thread - Page 58
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vickytaneja
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rooseaana01
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muzammilk
1 Post
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davidrivera
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zvx
4 Posts
Seems nearly all broker stock apps now allow you buy/sell crypto in some fashion. Probably one of the biggest reasons why crypto/bitcoin is growing is thanks to all the exchange infrastructure deployed everywhere thanks to software being open-sourced and freely available for anyone to start a crypto project. To boot im hearing a lot of the old finance sector finally coming around and talking about the asset as something worth getting. I'd love to hear what others are seeing and where they think its going now that we are in the year 2020 with a lot of new global dynamics going on And just to tie it back to Starcraft and Esports I'm seeing the combinations for crypto-assets and esports being the future where crypto rewards can be automatically tied to in-game rewards, in-game transaction and of course automated payouts for tournaments, the blockchain actually simplifies a lot of these processes that would normally need human and banks. | ||
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Metallica911
9 Posts
On June 23 2020 14:11 zvx wrote: I think it is worth bringing this thread back to life as the market has matured. Seems nearly all broker stock apps now allow you buy/sell crypto in some fashion. Probably one of the biggest reasons why crypto/bitcoin is growing is thanks to all the exchange infrastructure deployed everywhere thanks to software being open-sourced and freely available for anyone to start a crypto project. To boot im hearing a lot of the old finance sector finally coming around and talking about the asset as something worth getting. I'd love to hear what others are seeing and where they think its going now that we are in the year 2020 with a lot of new global dynamics going on And just to tie it back to Starcraft and Esports I'm seeing the combinations for crypto-assets and esports being the future where crypto rewards can be automatically tied to in-game rewards, in-game transaction and of course automated payouts for tournaments, the blockchain actually simplifies a lot of these processes that would normally need human and banks. How does the blockchain simplify a lot of the processes? | ||
KwarK
United States43311 Posts
On July 01 2020 02:42 Metallica911 wrote: How does the blockchain simplify a lot of the processes? It prevents item duping, gives the individual control over their ingame loot, and allows the use of smart contracts for buying and selling loot which avoids the need for a middle man. | ||
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ShoCkeyy
7815 Posts
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aseq
Netherlands3991 Posts
I love the idea, programmatically, of the immutability of a distributed blockchain. But for consumer banking, i don't think it provides nearly enough features. No-one wants their money gone forever when mistakes happen. Or getting out their Ledger Nano when paying for a meal. Adding infrastructure for all those other things is either impossible, or will introduce fees much higher than what centralized solutions currently provide. To me, it's a bad idea. | ||
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Marzpan15
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Simberto
Germany11658 Posts
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George555
1 Post
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Laurens
Belgium4552 Posts
Will it climb another few thousands and then crash down spectacularly like in 2017? Will it continue to rise and end up above 100k as some experts predict? (Source: https://www.reuters.com/article/us-crypto-currencies-bitcoin-idUSKBN2840I7) Is now still a good time to invest? I'm annoyed that I didn't invest in February/March after the corona dip, I invested in regular stocks instead. Too chicken to jump onboard now. | ||
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aseq
Netherlands3991 Posts
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endy
Switzerland8970 Posts
On November 24 2020 18:30 Laurens wrote: Bitcoin is surging again. Curious what TL's opinion is. Will it climb another few thousands and then crash down spectacularly like in 2017? Will it continue to rise and end up above 100k as some experts predict? (Source: https://www.reuters.com/article/us-crypto-currencies-bitcoin-idUSKBN2840I7) Is now still a good time to invest? I'm annoyed that I didn't invest in February/March after the corona dip, I invested in regular stocks instead. Too chicken to jump onboard now. institutions joining the party is no longer a meme  https://www.bloomberg.com/news/articles/2020-11-29/guggenheim-fund-reserves-right-to-put-up-to-10-in-bitcoin-trust | ||
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iPlaY.NettleS
Australia4366 Posts
Also the worlds largest porn website Pornhub has been blacklisted by mastercard, visa and american express.Currently as of a couple of days ago it only accepts cryptocurrency payments for it's premium service.If this continues with other adult sites expect to see a further move up in crypto adoption and prices. https://www.techspot.com/news/87978-pornhub-turns-cryptocurrency-premium-service.html It has taken Pornhub less than a week to replace Visa and Mastercard as its primary payments processing providers. Decrypt recently noticed that the adult content platform is now only accepting cryptocurrency for its premium membership. The site appears to be taking a wealth of different virtual currencies including Bitcoin, Ethereum and Litecoin, among others. | ||
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RowdierBob
Australia13295 Posts
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aseq
Netherlands3991 Posts
On December 18 2020 10:26 RowdierBob wrote: I wonder how long it will be for a major government to ban businesses accepting Crypto as a form of payment? Things like pornhub accepting crypto as payment will only reinforce the negativity about crypto being the domain of child porn peddlers, crims in general and terrorists (not saying I agree but this is the justification they will use). They'll need to introduce measures as soon as the total flow of btc reaches some value and the government is losing serious money. But right now, btc or any crypto isn't suited at all for scaling towards taking the place of cash or banks. It's mostly a store of value, with a couple of shady businesses using it to sell stuff. As soon as btc will be your main 'wallet' and you only convert to cash when something odd can't be paid for in btc, the government will need to find a way to regulate crypto. But i can't see this happening when crypto transactions: - are not instant (at all) - are subject to getting cancelled when a fork is resolved - aren't refundable, in case of mistakes - are not insured, in case of crime - are impossible to scale globally, we saw full blocks/jams in 2017 and hardly anyone uses it yet - don't have any features for interest, loans or credit - are too techical for general public to understand well, which is necessary, currently. - tricky to use, compared to a credit card (last 2 are easiest to fix) Who wants to buy a house or car using crypto when a single mistake loses you all the money? I think anyone sensible would pay that 2-4% fee a credit card company asks and get rid of the entire list of problems above. | ||
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Vasoline73
United States7816 Posts
TBH it may be FOMO but... I didn't hold at $12 (which is when I first bought btc... for... "purposes")... I didn't hold at 100, 1000, or 10000. When I decided to buy at 19500 I felt like, "What am I going to say when it hits 300,000?" That was kind of my mentality. Tired of missing the boat and doubting. It seems like institutions are taking it more seriously and it does seem like "well if people decide it's worth something, I guess it's worth something." If it tanks then it tanks. (EDIT: I still hold regular equity so... not all in.) GL all. Interesting space for sure. | ||
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iPlaY.NettleS
Australia4366 Posts
On December 18 2020 12:41 aseq wrote: They'll need to introduce measures as soon as the total flow of btc reaches some value and the government is losing serious money. But right now, btc or any crypto isn't suited at all for scaling towards taking the place of cash or banks. It's mostly a store of value, with a couple of shady businesses using it to sell stuff. As soon as btc will be your main 'wallet' and you only convert to cash when something odd can't be paid for in btc, the government will need to find a way to regulate crypto. But i can't see this happening when crypto transactions: - are not instant (at all) - are subject to getting cancelled when a fork is resolved - aren't refundable, in case of mistakes - are not insured, in case of crime - are impossible to scale globally, we saw full blocks/jams in 2017 and hardly anyone uses it yet - don't have any features for interest, loans or credit - are too techical for general public to understand well, which is necessary, currently. - tricky to use, compared to a credit card (last 2 are easiest to fix) Who wants to buy a house or car using crypto when a single mistake loses you all the money? I think anyone sensible would pay that 2-4% fee a credit card company asks and get rid of the entire list of problems above. Yup those bitcoin fees in 2017 were crazy.I paid $30 per transaction a few times, which means if you have less than 30$ in your account you can't really do anything with the money there unless you deposit more in there. Additionally since it's not centralised and controlled by government if someone dies that cryptocurrency account is pretty much inaccessible unless a password was left somewhere with other peoples knowledge (a risk in itself). Tax law here treats cryptocurrency as an investment rather than an actual currency, which means if i buy 10 bitcoin cash at the start of year and buy one coffee every day for the year i technically need to calculate 365 x capital gains for my tax return.Whether regular users of crypto here actually do all that i don't know but it stops me doing much actual trading with it, so i just hold 5k worth as a curiosity and occasionally buy stuff with it. | ||
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