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Coinbase adds support for Litecoin

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Re: Coinbase adds support for Litecoin

#151

Post by oelmekki »

iopq wrote: post #142
oelmekki wrote: post #85

Earlier quoted context omitted.

Btw, I'm only in trading since cryptos and don't know classic markets, I would love someone to explain to me why using insider news is a crime. The thing is, it only seems fair to me to be able to exploit insider news. Employees from a company are not affected by stock price change, at least not in a good way ; because when stocks go the wrong way, they'll certainly feel it by being asked more for less in their work.…

At the same time, if all employees knew bad news and dumped all of their stock at the same time, the rest of us would be left holding bags.

And then, they would be asked to work longer hours and accept salary cuts to make market confident again :) Not sure it would work in that direction, I don't think most people would intentionally deteriorate the company they work for.

Re: Coinbase adds support for Litecoin

#152

Post by patrickk »

charsifood wrote: post #35
bitcoinstudent wrote: post #32

Earlier quoted context omitted.

I don't think that's really true... it was true for things like TCP, http, and email, which had massive network effects and little competition at their start. But Bitcoin is already only 60% of the total market cap of all cryptos. While bitcoin was already a monopoly, Ethereum came from nowhere to become 1/3 its size (and growing). "Good enough" is not good enough here. Competition is alive and well. Without active d…

How much of ETH's price is propped up by speculation? I don't know of any stores that take ETH, while plenty take BTC. BTC also completely runs the economy of the DarkNet. I believe all cryptocurrencies are somewhat propped up by speculation, but BTC is still the preferred currency for the vast majority of people using cryptocurrencies for the actual exchange of goods and services. That's how BTC derives its value (+…

> I don't know of any stores that take ETH, while plenty take BTC. BTC also completely runs the economy of the DarkNet.

Bitcoin is "digital gold" while Ethereum is a bit like "digital oil". So the main value of Ethereum should (in theory) arise from decentralised apps and smart contracts.

Therefore, if use cases like (for example) Bosch's proposed idea of using smart contracts to eliminate fraudulent odometer tampering[1] or Santander's experiments with allowing their customers to buy digital tokens from their bank account takes off[2], that's where the value will come from - not necessarily DarkNet stores or other transactions.

[1] https://www.ethnews.com/bosch-using-blockchain-technology-to...

[2] http://www.coindesk.com/santander-vies-become-first-bank-iss...

Re: Coinbase adds support for Litecoin

#153

Post by cableshaft »

iopq wrote: post #141
cableshaft wrote: post #123

About time. I've been waiting for an easy way to get Litecoin for so long. Every time I checked in the past, it seemed to require working with some Russian bank to get things set up, and something would always error out or "not be supported" or some crap and I'd eventually give up, like in the early days of bitcoin (if I had figured out how to successfully buy it I could have bought btc at $7 a coin once, and probabl…

Back in the day, I literally sent a check to some guy via snail mail to get some Bitcoins. That was the BEST way to acquire them!

Yeah, and there was a whole site based around finding local people willing to meet you in a parking lot or coffeehouse, you give them the money, they give you the coins, drug deal style. That was just about the only other way to get it at the time.

Re: Coinbase adds support for Litecoin

#155

Post by oelmekki »

gnaritas wrote: post #149
oelmekki wrote: post #85

Earlier quoted context omitted.

Btw, I'm only in trading since cryptos and don't know classic markets, I would love someone to explain to me why using insider news is a crime. The thing is, it only seems fair to me to be able to exploit insider news. Employees from a company are not affected by stock price change, at least not in a good way ; because when stocks go the wrong way, they'll certainly feel it by being asked more for less in their work.…

> I would love someone to explain to me why using insider news is a crime. Because a market isn't fair if everyone doesn't have the same information available to them. Trading on insider information is literally stealing from those who don't have it. Imagine the CEO of a company knowing he's about to announce bad news and shorting his own stock ahead of the announcement to make millions from it, then buying it all up…

Oh, ok. I see the point, thanks for explaining.

That's funny because fairness was exactly what I had in mind to _allow_ insider trading, but using the point of view of fairness between investors and workers, rather than fairness between investors.

What would you think about allowing insider trading, but only once during career at company and only if you're not an executive? Or maybe just allowing it for a moderate amount of money?

Re: Coinbase adds support for Litecoin

#157

Post by geppeto »

VMG wrote: post #134
hultner wrote: post #125

Earlier quoted context omitted.

Makes me curious. If not by market cap, how would you rank them?

It's hard to find objective metrics. I would look at real-world usage and utility. The currencies fall in a very clear distribution there -- bitcoin and all others.

The ole e-commerce metric. Does anyone else hate when they have tunnel vision for years and are made aware of a really amazing opportunity they should have noticed earlier?

Many crypto tokens are dividend producing assets, just like most separate corporate bonds have yields.

Sure there may be somebody wishing the dutch east india company's bonds were successful in underpinning global finance for 500 years, but the reality is that it pioneered a high yielding asset class.

In crypto, there are investible assets, and many people want them as they can gain decent yield from them. Those networks don't require mass transactions per block to be valuable. But you can also create applications on those networks to make them even more valuable.

Re: Coinbase adds support for Litecoin

#158

Post by geppeto »

NamTaf wrote: post #15

It seems to me that this is still speculation based on the idea that increased exposure will increase investment in it which will drive the price higher to punters buy up LTC anticipating that it'll rise and thus it self-fulfils. I don't really see what fundamentals have changed to spur such a climb.

Future demand, known supply.

Actually lower supply, with payment channels taking litecoin off the market.

These trade like commodities, not stocks. Commodities with an extremely transparent supply.

Re: Coinbase adds support for Litecoin

#159

Post by ahakki »

celticninja wrote: post #110
sanswork wrote: post #86

Earlier quoted context omitted.

>I can pay for my VPN and my cloud servers with BTC. Provided you use one of a limited selection of providers compared to using credit cards. >I can meet up with people locally and sell BTC for cash [effortlessly] Depending on where you are located. >I can't do that with any other cryptocurrency. You can do both of those things much more easily using traditional currencies. In both those cases you are getting a worse…

>. In both those cases you are getting a worse deal than just using normal cash for the services desired. That is complete codswallop. My VPN is cheaper when paid with btc than with PayPal or credit/debit card or Stripe. Why would you meet up with someone to sell cash for cash?

> Why would you meet up with someone to sell cash for cash?

Forex

Re: Coinbase adds support for Litecoin

#160

Post by hisabness »

bhaak wrote: post #104
developer2 wrote: post #98

Earlier quoted context omitted.

The way people are treating cryptocurrency exchanges makes absolutely no sense to me. Most people are buying into it because they are absolutely certain they will manage to cash out once the currency hits an extreme "all time high". When such a peak occurs whereby the top 1% - as determined by number of coins owned - cashes out, everyone else who jumped on the bandwagon thinking they would also cash out is going to b…

> Let's be absolutely clear: your coins are only worth what someone is willing to pay. And when the one and only true "run on the bank" of one of these currencies happens, it will happen within the span of less than an hour. All these people who are buying to eventually cash out are going to blink and wonder what the hell happened. That's not so different than what can happen in real life with currencies, isn't it? S…

define early adoption? I would say where I live (Denver), less than 1% of people own or have owned bitcoins. Also, why wouldn't BTC Nakamoto have already liquidated his or her position if that was the end goal?
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