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It’s all bullshit marketing until someone is accepting payments for goods priced in crypto.
Cryptos are extremely volatile. That's not possible until that changes.
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Volatility literally doesn't matter at all. You can reduce it to 0 by shorting Bitcoin futures contracts. You can make it even more volatile if you want. You can change the multiplier on base price change i.e. volatility to be any number between -300% and 300% of its base rate(the caps depend on margin requirement), with appropriate setup. That's for Bitcoin, but you can do other cryptocurrencies indirectly. And thes…
Because my mom is going to do that when she wants to buy something. Crypto logic sometimes...
Why?
I used a major crypto exchange to sell and convert my holdings into USD, but frustratingly they did not provide adequate documentation to show how the funds were contributed and transferred. I needed to email the exchange's support team, escalate multiple times, and finally they sent me a series of screenshots. The delay almost caused my offer to fall through.
This would have been much easier if I could have transferred crypto directly to the mortgage company.
Earlier quoted context omitted.
Cryptos are extremely volatile. That's not possible until that changes.
there are plenty of stablecoins, and most NFTs are priced in ETH. It's also trivial to convert volatile tokens into stable tokens or fiat automatically. This is a non-issue, but is brought up by those who have not paid attention to the crypto market in the past 5 years.
You gotta love the HN crowd who finds a way to remain skeptical after cryptocurrency continues to occupy more and more ground in the financial world. Cryptocurrency continues to expand and grow by every conceivable metric and some people still think it's a fragile scam. Here's a hint: when your politicians already own cryptocurrency and are arguing in its favor, that's the signal that the industry has already basical…
Earlier quoted context omitted.
Because my mom is going to do that when she wants to buy something. Crypto logic sometimes...
Your mom doesn't matter. The topic is finance companies. I'm sure the "second largest US mortgage lender" has someone who understands this.
How many US mortgages are priced in gold or Yen? Even internally?
You gotta love the HN crowd who finds a way to remain skeptical after cryptocurrency continues to occupy more and more ground in the financial world. Cryptocurrency continues to expand and grow by every conceivable metric and some people still think it's a fragile scam. Here's a hint: when your politicians already own cryptocurrency and are arguing in its favor, that's the signal that the industry has already basical…
I wonder why people don't think holding 100% bytes is either.
You gotta love the HN crowd who finds a way to remain skeptical after cryptocurrency continues to occupy more and more ground in the financial world. Cryptocurrency continues to expand and grow by every conceivable metric and some people still think it's a fragile scam. Here's a hint: when your politicians already own cryptocurrency and are arguing in its favor, that's the signal that the industry has already basical…
Politicians are as gullible as the public when it comes to quick money.
Some organizations today which are scams are allowed to live due to certain freedoms, does not prove the contrary - ex: Scientology, MLMs, etc.
You gotta love the HN crowd who finds a way to remain skeptical after cryptocurrency continues to occupy more and more ground in the financial world. Cryptocurrency continues to expand and grow by every conceivable metric and some people still think it's a fragile scam. Here's a hint: when your politicians already own cryptocurrency and are arguing in its favor, that's the signal that the industry has already basical…
How does taking crypto improve lending or the customer experience. What value was created?
YoY metrics such as total number of users, total number of on chain txns, total number of exchanges and companies are all increasing. No conversation on HN is going to change the fact that an ever growing population of people and companies DO see value in crypto. So maybe ask yourself why it's only getting stronger if there's zero value to be found in this industry.