191–200 of 302 posts
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Lol, you are not serious, are you? Oh, I get the sarcasm now. "Lightning Network" is only "6 months away", right? Wink wink!
there are a number of lightning wallets and a number of stores where you can pay using lightning transactions
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Bitcoin Cash exists to continue the original scaling plan for Bitcoin: increasing the maximum block size. I watched the Bitcoin scaling debate back in 2014, 2015 and 2016, and every attempt was made to increase BTC's maximum block size without a hard fork, but every move was blocked by Bitcoin Core's developers. "Diluting the Bitcoin brand" was never a goal, but at some point the fork was the only way to scale. About…
Like it or not, nobody wants POW. IMO it's worth it for bitcoin but a new crypto is not going to get traction with POW. Other coins have low fees and privacy. Neither are unique selling points. Why not use Algo instead of bitcoin cash? https://algorand.foundation/the-algo/algo-basics
Disclaimer: I hold huge amount of Algorand as a liquidity or custodial
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Cash is opaque, yet governments have been funding themselves via taxation for thousands of years. If government charged a flat rate for its services, tax evasion would become impossible. One would simply show a proof of payment. This would only be ~$10k/year in US according to its current tax receipts and population. Property tax is also impossible to evade.
Yes, but most people don't keep cash in a box under the bed - they keep it in a bank. This means my elderly mother's house doesn't get broken in to on a regular basis by people trying to take her life savings. Furthermore, her cash in a bank is protected by the government, and there are safeguards in place to help protect her from people trying to scam anything she has saved away from her. There are also mechanisms i…
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Crypto clearly has a use in this scenario, Lira is plummeting.
What so "clearly" about this? Is the Lira plummeting because it's a fiat currency? Are cryptocurrencies inherentially stable? They can't technically plummet? I don't get how crypto is "clearly" a solution here. Turkey has a financial issue, an economical crisis. The Lira isn't in troubles because people want to audit the database and they can't.
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They can put people in jail for using crypto, which is a strong enough deterrent that 99% of people won't do it.
Yeah because it worked so well for piracy. /s
Not your keys, not your coins. Your response now will, of course, be “well that’s why you rotate your coins out into cold storage” which is sort of like me saying “you just convert your lira to dollars at the end of the day when you’re done buying food and water.”
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Basically one of the exact reasons why Crypto should exist.
Yeah, let's destroy financial systems of governments and substitute it with a system that has 7 tps cap in which the majority of coins belongs to unknown entities (supposedly of criminal origin).
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Basically one of the exact reasons why Crypto should exist.
Yeah, let's destroy financial systems of governments and substitute it with a system that has 7 tps cap in which the majority of coins belongs to unknown entities (supposedly of criminal origin).
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This is very misleading. Cryptocurrencies developed on 10+ year old tech, that have stayed in that state throughout may indeed have very poor tps as you state. However, this is absolutely not the majority, as that base tech has iterated both at the base level, and in the application of layers. Typical these days are tps-handling in the 1k's - 10k's, and beyond. This will only keep improving as the technology progress…
Reversibility is the feature of credit cards, not drawback or limitation.
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Yes, but most people don't keep cash in a box under the bed - they keep it in a bank. This means my elderly mother's house doesn't get broken in to on a regular basis by people trying to take her life savings. Furthermore, her cash in a bank is protected by the government, and there are safeguards in place to help protect her from people trying to scam anything she has saved away from her. There are also mechanisms i…
People like her can let custodians like banks store her cryptocurrency.
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Do you have american style credit ranking in Germany?
Every country with a developed consumer credit market has credit scoring.