121–130 of 208 posts
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your talking points are from like 2012 man. off the top of my head: remittances, online retail, trustless decentralized computational systems
Can you link a couple of sources that show companies that successfully leverage this use cases?
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your talking points are from like 2012 man. off the top of my head: remittances, online retail, trustless decentralized computational systems
Trustless or distributed trust (up until the point of a 51% attack)?
And yet the livestream giveaway scams persist on YouTube. Scammers earning so much. At any moment you can find at least 10 videos running concurrently, each with money in the associated crypto addresses. The smart scammers are not doing NFT tomfoolery, they are doing fake Saylor and Musk giveaways instead and earning far more money much more consistently. While YouTube does nothing. Cofeezilla is not going to stop pe…
I distinctly remember getting junk spam physical mail as a kid, saying if you send back $60 dollars they will share the method to work from home / easy money scheme. It feeds on desperation and stress to hinder rational decision making skills.
We also have things like the lottery where people buy in to the idea theres a infintismely small chance to actually win but the emotional side of the brain takes over and ignores it.
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> Unregulated stable coins have proven to be as stable as the titanic was unsinkable. When in the last five years have you had difficulty cashing out USDT, USDC, or DAI at dollar value?
Have you ever redeemed Tether? As opposed to selling it to another chump on am exchange? Have you ever taken your Tether holdings and redeemed them at Tether.io for US Dollars?
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> Unregulated stable coins have proven to be as stable as the titanic was unsinkable. When in the last five years have you had difficulty cashing out USDT, USDC, or DAI at dollar value?
Have you ever redeemed Tether? As opposed to selling it to another chump on am exchange? Have you ever taken your Tether holdings and redeemed them at Tether.io for US Dollars?
Coffeezilla is right. ALL crypto is 100% scams. There is no 99%. In fact 100% of the time, they have no use case at all and they are even worse than the current system. Crypto has totally failed time and time again to prove itself. We now need to come to terms with this failed experiment and call it all off and make them all illegal, where it rightfully should reside in. I lament to think of the time wasted of many e…
> We now need to come to terms with this failed experiment and call it all off and make them all illegal Who is “we”? Ironically, crypto was invented to protect individuals against the authoritarian tendencies of people such as yourself. Your comment is making the case for decentralization.
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> Unregulated stable coins have proven to be as stable as the titanic was unsinkable. When in the last five years have you had difficulty cashing out USDT, USDC, or DAI at dollar value?
Because past performance is _always_ indicative of future performance, am I right? > When in the last five years have you had difficulty cashing out USDT, USDC, or DAI at dollar value? You could have said the exact same thing about Terra/UST right until sometimes last week. It works until it doesn't.
Blockchain has two proven use cases: 1.) Speculative investment assets. 2.) Moving value outside of a financial system. Unregulated stable coins have proven to be as stable as the titanic was unsinkable. Number 1 is really a problem because of Number 2. Number 2 is a fancy way to describe a primary use case being money laundering. Of course though there are some instances where that’s helpful like backing a foreign g…
The main value proposition of crypto is cryptographic security. You cannot confiscate crypto like you can other assets (unless obv. you have the key or miners somehow collude). Is this worth $1 trillion? Probably not.
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your talking points are from like 2012 man. off the top of my head: remittances, online retail, trustless decentralized computational systems
Remittances and online retail is already done quite well with centralized systems. "Trustless decentralization" is only relevant when you are doing things illegal. Which, as it turns out, is the main usecase of cryptocurrency.
Blockchain has two proven use cases: 1.) Speculative investment assets. 2.) Moving value outside of a financial system. Unregulated stable coins have proven to be as stable as the titanic was unsinkable. Number 1 is really a problem because of Number 2. Number 2 is a fancy way to describe a primary use case being money laundering. Of course though there are some instances where that’s helpful like backing a foreign g…
Stablecoins without collateral backing them have repeatedly failed (and they failed when they were tried before crypto too), but dai/rai/usdc are working fine. At this point I’d like to sees US regulation around $ stablecoins so we can use something else and reduce the power of the US dollar in the world. Go ahead America, regulate yourselves.
do you have references to non-crypto based coins? also recent ones?