311–320 of 498 posts
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Because he's salty about it, the comment doesn't point at anything else
Name any positive valid use case that crypto does better than the current financial system.
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Right but gold isn't easy to steal. Bitcoin can disappear from a cosmic ray, hardware failure, remote theft, software glitch, etc.
You can laser engrave a Bitcoin wallet seed (24 words) on titanium, store it in multiple locations and never enter your seed on a networked computer to prevent remote theft. You can also use a passphrase on top of your seed, and store it separately, so that even if the seed is physically stolen, the wallet won't be recoverable without the passphrase.
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XMR and BCH have been working great for a decade and in my mind are the ONLY Cryptocurrency projects that are not outright scams or digital ponzi schemes. It's odd how clear the picture is but how many people have been fooled by fakes. What other industry is 99% scams and only 1% legitimate?
Why are you downvoted? XMR is among the greatest cryptocurrencies. It's everything bitcoin was supposed to have been. The fact it's not in the top charts is proof of the irrationality of the market.
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yup Tether is the biggest fake money printing machine that keeps BTC afloat
I think so too however it looks like they may have printed their (counterfeited) way into solvency. Basically: buy cheap BTCs, print shitload of tethers, sell BTCs for real USD to the tune of tens of billions and now store these real USD in short term US treasuries (they don't own chinese treasuries anymore) bringing in 5% and more. They're claiming they now have excess money (!) to back their tether due to the fact…
1. Make Tethers out of thin air and sell for BTC
2. BTC price goes up because crypto boom
3. Sell enough BTC for USD to back the fake Tethers you made up in step 1
4. Balance sheet now looks legit, and you even have BTC to spare to buy yachts for everyone.
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Why are you downvoted? XMR is among the greatest cryptocurrencies. It's everything bitcoin was supposed to have been. The fact it's not in the top charts is proof of the irrationality of the market.
Not exactly. It is just pricing in the risk of the government making the on/off ramps impossible to access.
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Are you sure? Well, you must be new, it's just SEC's business. Here is what the most enshrined companies are doing Your average tradfi trader - https://www.fnlondon.com/articles/wall-street-pays-1-8bn-in-... And here the most respected (and/or feared) financial institution - https://www.reddit.com/r/amcstock/comments/p8m2p6/citadels_p... If I were you, I'd be much more concerned about a very influential company like…
Any railing about Citadel is a good signal for ignorance about the traditional finance markets and susceptibility to crypto and meme stock rubbish.
https://archive.is/G8utD
anybody else have issues with archive.is lately? Tried two computers multiple browsers and all I get is a never-ending security check, sometimes with a captcha to really laugh at me.
One trick that might help: I have found if I use a bookmarked page from archive.is, I can get to that. From there I can put in the original URL in the "Saved from" bar, and hit "Search", then I can usually get to an archive of the article.
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Domestic and international settlement speed
Wrong. Wise does this better than crypto.
Bitcoin and others can be officially settled in minutes to hours
https://wise.com/help/articles/2977951/why-is-my-transfer-ta...
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You can laser engrave a Bitcoin wallet seed (24 words) on titanium, store it in multiple locations and never enter your seed on a networked computer to prevent remote theft. You can also use a passphrase on top of your seed, and store it separately, so that even if the seed is physically stolen, the wallet won't be recoverable without the passphrase.
And when everyone becomes super paranoid and keeps their money from participating in the economy then we will transcend.
For the everyday purchases, a Lightning wallet on a smartphone is enough.
SBF decided to testify against CZ to try to save his own ass, giving justice dept and sec something to fine CZ with. Govt collects a big crypto fine, fine makes the big losers in FTX whole, problem solved. CZ should have just bought FTX and closed the deal and made people whole, woulda saved himself some drama.