41–50 of 492 posts
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The U.S. Mint apparently is producing a brass/manganese- clad copper $1 coin called the "American Innovation dollars".[1] You could try that. [1] https://en.m.wikipedia.org/wiki/American_Innovation_dollars
Dunno, I hear they're planning a big dilution soon. https://www.axios.com/trillion-dollar-platinum-coin-mint-jan...
People have been yelling about Tether for years, myself included. But nothing seems to stop it. Not lawsuits, not major news articles. The conclusion I draw is that, yes, the game is rigged - AND EVERYONE IS OK WITH IT. As long as it's making everyone money, no one will really complain. What I also find interesting, is that if tether ever DOES crash, the result might be a big boost for Bitcoin. If you hold Tether, an…
Re your first claim it just takes time. Re your second claim, that’s a common misconception. The price of bitcoin would skyrocket against USDT but pancake against USD. Who in their right mind would sell their (actually worth USD) Bitcoin for your worthless Bahamian IOUs? Absolutely nobody. So you’ll see a massive skyrocket against USDT and as soon as people realize what’s going on, it’ll go no-bid. RIP. Then the ensu…
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They’re all unregulated. Coinbase was included in their list. The word “unregulated” was a flourish added by cointelegraph as a distraction. > Of the 81 exchanges evaluated in the report, only 10 provide volume figures that are legitimate, according to Bitwise. Coinbase is regulated as a money transmitter, like Venmo. [edit] what I believe they meant was that 95% of all trading volume was fake and 100% of that came f…
What does fake trading volume mean in this context?
Are there any legitimate stable coins?
No reason at all, huh? Anybody with even a remote interest in crypto knows why Solana has exploded. It's L1 season and Solana is a direct competitor to ETH, which suffers from high usage fees.
Every other L1 has exploded in value. As said, L1 season. These kind of statements make me suspect the author never used crypto in their life.
The cultural gap between crypto and non-crypto is pretty hilarious. The reason crypto holders don't give a shit about any of this, is because to them, a 50%, 80% or even 90% pullback of a coin is just an ordinary Thursday.
You can't threaten a crypto holder with "losing it all", because that's an everyday reality for them. And so is multiplying their wealth by 2, 5, 10, 100.
Why would so many people engage in this degenerate gambling? This is the part skeptics just won't get. Because the existing financial system/situation doesn't work for them.
Young people are locked out of any and all assets. They can't afford real estate or any meaningful amount of stock. Savings accounts have a negative yield.
Crypto is the asymmetrical bet. There's the sizable risk to lose it all, yet an upside potential that is countless times larger. And in the case you lose it all, it wasn't that much anyway.
It is an act of desperation and a sign of very unhealthy issues in our "regulated" economy: low wages, job insecurity, student debt, inflation, low interest rates, inequality, the list goes on.
For sure there will be another crash. Nobody cares. Because they have nothing to lose anyway and will just start over. Because the underlying economic issues did not change.
"Solana, up 9,801% in 2021 for seemingly no reason at all" No reason at all, huh? Anybody with even a remote interest in crypto knows why Solana has exploded. It's L1 season and Solana is a direct competitor to ETH, which suffers from high usage fees. Every other L1 has exploded in value. As said, L1 season. These kind of statements make me suspect the author never used crypto in their life. The cultural gap between…
I find it ironic that people seem intent on holding Tether to a much higher standard than banks. I know there are certain legal guarantees applied to banks along with regulations, but all evidence points to Tether being in a much safer position than banks with their tiny fractional reserves. People are dissatisfied with anything less than fully-backed when it comes to 'crypto'.
There's also this not-small matter of making sure that banks aren't relying on overly optimistic valuations that won't bear out, especially in a dire market (if you're a too-big-to-fail bank, the government looks at your books and run its own numbers assuming a pretty severe economic crisis). In this regard, Tether's non-transparency is ringing alarm klaxons.
"Solana, up 9,801% in 2021 for seemingly no reason at all" No reason at all, huh? Anybody with even a remote interest in crypto knows why Solana has exploded. It's L1 season and Solana is a direct competitor to ETH, which suffers from high usage fees. Every other L1 has exploded in value. As said, L1 season. These kind of statements make me suspect the author never used crypto in their life. The cultural gap between…
I'll bite. What can I use Solana for?
But as for actual usage, it's a smart contracts blockchain that is fast, proof of stake, yet has drastically lower fees than Ethereum.
Anything can be built on top of it but this particular rush was caused by a second hype wave of NFTs. As more people want to join the NFT frenzy, it got really expensive to mint one on Ethereum, hence people rushed to this alternative.
For the record, I don't own any solana and never have, just explaining what it is. I wish I did own it a year ago though.
I find it ironic that people seem intent on holding Tether to a much higher standard than banks. I know there are certain legal guarantees applied to banks along with regulations, but all evidence points to Tether being in a much safer position than banks with their tiny fractional reserves. People are dissatisfied with anything less than fully-backed when it comes to 'crypto'.
They say they're fully-backed, so they better be.