EPTBitcoin discussion thread - Page 63
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sumitihomelend
1 Post
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ShoCkeyy
7815 Posts
On June 13 2022 23:24 KwarK wrote: Or buying ibonds, currently paying 9%. thanks for this tip | ||
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plasmidghost
Belgium16168 Posts
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plasmidghost
Belgium16168 Posts
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{CC}StealthBlue
United States41117 Posts
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Simberto
Germany11712 Posts
On July 01 2022 06:11 {CC}StealthBlue wrote: So Celsius is officially dead as their problem is a lot larger than they said. https://twitter.com/WatcherGuru/status/1542519429027594243 How completely unexpected. Has any of these scammy "exchanges" ever reopened after limiting/stopping withdrawals? | ||
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{CC}StealthBlue
United States41117 Posts
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{CC}StealthBlue
United States41117 Posts
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{CC}StealthBlue
United States41117 Posts
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iPlaY.NettleS
Australia4375 Posts
https://cryptoslate.com/will-release-of-3b-bitcoin-from-mt-gox-cause-market-bottom-in-august/?amp=1 | ||
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cryptotipsinside
United States1 Post
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{CC}StealthBlue
United States41117 Posts
Chaser: | ||
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L_Master
United States8017 Posts
Especially bummer because the guy is by FAR the wealthiest EA in the world, so that's a big loss if he loses a significant fraction of his wealth. | ||
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aseq
Netherlands3992 Posts
So viewing 'crypto' as an ecosystem, what is going to keep it alive if there is no continued financial support from the global population? Its upkeep is considerable, seeing as there's a lot of 'development' going on in the scene, most of it parallel to other initiatives or turning out to be long shots. Lots of early adapters and people who started companies have pulled out lots of money, and there are huge operational costs (not only electricity and hardware, also staff). I understand that everyone has his own opinion on this (although unfortunately, most often based on whether they have crypto and want their own crypto assets to grow in value), but I don't have a very positive image for the future. Operational costs need to be brought down if it is to be an alternative to precious metals as a store of value. And all these shady practices don't help either, of course. Well, they help to hide the actual situation for a while...causing quicker collapse in the end. | ||
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{CC}StealthBlue
United States41117 Posts
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{CC}StealthBlue
United States41117 Posts
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Simberto
Germany11712 Posts
And i agree with aseqs sentiment. Crypto still doesn't actually seem to have any real use cases beyond paying for illegal stuff, speculating, and scams. None of those look like something that will lead to the mass adoption people who are into crypto seem to be hoping for. | ||
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gobbledydook
Australia2605 Posts
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{CC}StealthBlue
United States41117 Posts
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aseq
Netherlands3992 Posts
On November 10 2022 08:54 gobbledydook wrote: I've heard that transactions with bit coin costs around USD10 per transaction. I'm not sure who would be willing to pay that much instead of, say, use a credit card. It depends on how busy the network is and how fast you want your transaction to be completed (and almost certain). This depends on the market, it's not set in stone. Future technical improvement might also improve this, although greater amounts of transactions/hour won't. Miners will just pick the transactions that make them the biggest transaction fees and put those into a block. So while that's definitely something a credit card does better at the moment, there are a number of other, more important things a credit card also does better. | ||
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