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HodlFeed – a Cryptocurrency Newsfeed

hodlfeed.com

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Re: HodlFeed – a Cryptocurrency Newsfeed

#11

Post by akerro »

Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is.

The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger from local shop.

Look at this, even Bitcoin conference doesn't want to accept BTC in payments for tickets, so where can you use use BTC if not on a BTC conference?

https://news.bitcoin.com/miami-bitcoin-conference-stops-acce...

Re: HodlFeed – a Cryptocurrency Newsfeed

#12

Post by oh_sigh »

akerro wrote: post #11

Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is. The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger fr…

I agree with you somewhat, but before we even care about HODLing, BTC needs to get fees and transaction confirmation times way down for it to be used as a currency.

Right now, it can take 10 minutes and $20 to transfer any amount of money on the BTC network. That isn't reasonable to buy a hamburger.

Re: HodlFeed – a Cryptocurrency Newsfeed

#13

Post by spraak »

akerro wrote: post #11

Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is. The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger fr…

That's very true, but a huge percentage of people recently in the cryptocurrency space are only there to make money. Not many truly care about the technology.

Re: HodlFeed – a Cryptocurrency Newsfeed

#14

Post by oh_sigh »

cglace wrote: post #3
subie wrote: post #2

Takes about 6 secs or more to fully load the feed on my work desktop. Looks like this API request is to blame: https://api.hodlfeed.com/coin-types ?

cryptocurrency types are used to long transaction times.

I can send you an XRB in < 1 sec

Re: HodlFeed – a Cryptocurrency Newsfeed

#15

Post by seanalltogether »

akerro wrote: post #11

Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is. The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger fr…

Maybe it's time we stop calling these cryptocurrencies and call them what they really are, cryptostocks.

Re: HodlFeed – a Cryptocurrency Newsfeed

#16

Post by akerro »

oh_sigh wrote: post #12
akerro wrote: post #11

Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is. The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger fr…

I agree with you somewhat, but before we even care about HODLing, BTC needs to get fees and transaction confirmation times way down for it to be used as a currency. Right now, it can take 10 minutes and $20 to transfer any amount of money on the BTC network. That isn't reasonable to buy a hamburger.

BTC is old and deprecated. BTC is now what ARPANET is to the Internet. Without LN and SegWit BTC will suffer long transaction time and high fees before it dies. We all know it, yet, somehow no one cares.

Re: HodlFeed – a Cryptocurrency Newsfeed

#18

Post by snikeris »

akerro wrote: post #11

Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is. The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger fr…

> Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things.

I know this is the commonly accepted reason why inflation is good and deflation is bad. But isn't this just coercion? Here's your paycheck. You better go out spend it like a good consumer because we're going to ensure its value is going to slowly erode over time.

Modern man already needs to buy and sell things to survive. It's not clear to me why his currency needs to further promote this behavior.

Re: HodlFeed – a Cryptocurrency Newsfeed

#20

Post by subie »

colecut wrote: post #8
subie wrote: post #2

Takes about 6 secs or more to fully load the feed on my work desktop. Looks like this API request is to blame: https://api.hodlfeed.com/coin-types ?

Thanks for this feedback! This is my friend's website, and I posted here without giving him a heads up. This is my first Hacker News submission, so I was not expecting to hit the first page. We are doing a quick reboot to scale up and should be back shortly.

It's already loading much faster :) Great looking website and I wish all the best with this project!
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