231–240 of 277 posts
Earlier quoted context omitted.
It is absolutely clear that every year Bitcoin is being used by more and more people or the price wouldn't be going up consistently over the years.
The price is heavily manipulated and volatile, most of the volume appears to be fake, and the only major 'use' anyone is making of it is speculation. Also it hasn't gone up consistently, it's still at around 50% of its peak almost two years ago.
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And the magnanimousity of Oracle. And the carbon footprint of cow farts. https://edition.cnn.com/videos/tv/2019/02/16/exp-gps-0217-ga...
It's not the fart, it's the burp!
(In case you're not old enough to remember the Fartergate Scandal...)
Finally! A cryptocurrency with the ethics of Uber, the censorship resistance of Paypal, and the centralization of Visa, all tied together under the proven privacy of Facebook. Just what I’ve been waiting for.
Is it really a cryptocurrency when it's completely centralized? No. This is just Facebook-bucks. Store dollars. It's has absolutely none of the benefits of a real cryptocurrency.
Is it really a cryptocurrency when it's completely centralized? No. This is just Facebook-bucks. Store dollars. It's has absolutely none of the benefits of a real cryptocurrency.
Can it be exchanged in binance for bitcoin? If yes, and this gets a lot of users, then it s a huge deal, centralized or not. (And yeah it is cryptocurrency as long as it is based in Cryptography )
Earlier quoted context omitted.
That there is a well established (if expensive) method to re-take the decentralized control should things go south. Same for open source software, the best pieces are generally run by a no-nonsense autocrats.
Could you please expand? If the big Chinese miners go rogue (actually go rogue, take over a currency and actively tries to stop the larger public from taking it back), what recourse does the larger public have? Wouldn't they need more mining power, or an impractical fenced-off network that's still decentralized in some manner?
So a cryptocurrency that is more currency than crypto? Again, back to the argument that the market is the same as in-game currency, store gift cards, Chuck-E-Cheese tokens, etc. Let's be honest, most of the hype around cryptocurrency is for speculation and not as a legitimate means of exchange. Normal money works fine for means-of-exchange barring a few exceptions e.g. capital flight, money laundering, generally esca…
People are using the wrong term here. Stablecoins (what Facebook has made here) aren’t cryptocurrencies in-and-of themselves; they’re systems that expose regular fiat currency to smart contracts, so that you can pass e.g. “5USD” from one contract to another without it losing value; or so that exchanges don’t all have to have their own relationships with physical payment-processors and banks, instead just allowing you…
Since it's water based, it will always flow smoothly, because Cathio will "provides the tools necessary to increase donations and connect with both local and global Catholic communities" to maintain a large frothy supply.
https://gizmodo.com/rick-santorum-is-a-cryptocurrency-guy-no...
This reminds me of what WeChat is doing in China, where most purchases are made and tracked by the government from this app. I don't even know if you can use cash there anymore.
With the amount of information Zuckerberg has on the US population, he shouldn't ever be allowed to run for president while still running Facebook.
Is it really a cryptocurrency when it's completely centralized? No. This is just Facebook-bucks. Store dollars. It's has absolutely none of the benefits of a real cryptocurrency.
I can't read the article in it's entirety but decentralisation is not what makes a crypto currency a crypto currency. Visa, Master card, Joe shmoe, anyone can start a centralized ledger that uses crypto.
Is it really a cryptocurrency when it's completely centralized? No. This is just Facebook-bucks. Store dollars. It's has absolutely none of the benefits of a real cryptocurrency.
The only benefit I see is that it'll likely be an ERC20 token which means more gas payed to Ethereum (which is great). Also, it'll essentially be a fiat on-ramp for billions of people looking to get into real cryptocurrencies. Assuming they allow the token to be traded on crypto exchanges anyway.