191–200 of 241 posts
Can you make this into a movie please? I will fund the kickstarter campaign.
Would be quite a boring movie I think.
> “I think there will be a Bitcoin Billionaires movie,” Mezrich said to close the panel after hinting at it multiple times. “Hopefully Armie [Hammer] will come back and play these guys.” (the Winklevii)
https://www.forbes.com/sites/hanktucker/2019/07/10/author-wh...
> I have looked, quite a bit. I have not found a good use case yet I'm always surprised that intelligent and knowledgeable people claim this. You haven't even found a single use case? You don't think buying a VPN anonymously is a good use case? Or see the need for uncensorable donations? (Remember how the U.S. shut down Wikileak's PayPal donations when they exposed their war crimes?) Or that cryptocurrencies allow bu…
You respond twice downthread that while Bitcoin may not be anonymous, Monero is. Do you then concede that anonymous payments are not a major use case for the non-anonymous Bitcoin protocol? Why then is Bitcoin so valuable?
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Agreed - also IMHO it's mostly used for speculation, and hopefully shouldn't be the case. Speculation can't last forever, but a few good use cases might.
Why can't it last? Casionos/betting seem to be doing well.
> I have looked, quite a bit. I have not found a good use case yet I'm always surprised that intelligent and knowledgeable people claim this. You haven't even found a single use case? You don't think buying a VPN anonymously is a good use case? Or see the need for uncensorable donations? (Remember how the U.S. shut down Wikileak's PayPal donations when they exposed their war crimes?) Or that cryptocurrencies allow bu…
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How do the people receiving your remittances cash them out to something usable? Is there a Venezuelan local bitcoins thing?
Yes there is, sometimes they don't even remit but rather use btc. I send $10 a month to ~5 people in Venezuela and it's one of the only ways now to help out and/or live there
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This is of course anecdata, but I've personally used BTC to send remittances in Venezuela. I'm not sure how many people here use BTC as a means of preserving the value of their money since most people would rather hold USD, but for sending remittances, it cannot be beat. As another interesting anecdote, my sister is in Argentina and a bunch of friends started asking her how to buy BTC before the election yesterday. S…
How do the people receiving your remittances cash them out to something usable? Is there a Venezuelan local bitcoins thing?
There are also a few shops (even one very large shop) accepting some cryptos now, like BTC and Dash. I'm not sure what volume they are seeing in sales though.
Tether problems are known. It's surprising that crypto sphere continues using it. I guess it's a good way to connect digital native Bitcoin to the rest of the world, aka, fiat. I've been advocating for Bitflate. It's a cryptocurrency with constant inflation. The idea is to create a digital native and decentralized stablecoin. We won't get perfectly stable price. But it will not be controlled by a single entity. I thi…
"Players in the crypto ecosystem will be shocked, shocked to know it got this bad, this quickly, but this has been an open secret for over a year." ---- I'm not entirely in agreement the crypto world will be shocked tether is insolvent. As long the the fiat gateways exist to exit the system with gains intact, most could care less about tether. It's musical chairs.
See Redoubt's comment. The use of "shocked, shocked" is meant ironically, in reference to a scene from Casablanca. In general when you see the word "shocked" doubled like that it basically always means this.
A memorable performance by Claude Rains
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Yes there is, sometimes they don't even remit but rather use btc. I send $10 a month to ~5 people in Venezuela and it's one of the only ways now to help out and/or live there
Can you provide more detail on how they actually use the bitcoin? Genuinely curious as in most countries the use cases are very limited, and there is a large cut when converting into/out of bitcoin that doesn't make it worth it.
https://www.bloomberg.com/news/articles/2019-07-29/here-s-ho...
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Where can you sell Tether short in a market that's not controlled by these same unscrupulous manipulators? Shorting makes sense in regulated public markets with plenty of liquidity. Cryptocurrencies aren't like that.
(Outside of the USA) On Poloniex you can short USDT vs. USDC (USDC is the non-sketchy version of Tether) and make your riches. If you put your money where your mouth is! https://poloniex.com/marginTrading#usdc_usdt