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Litecoin and Ethereum buys and sells are temporarily disabled

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Re: Litecoin and Ethereum buys and sells are temporarily disabled

#151

Post by ac29 »

freeone3000 wrote: post #46
xur17 wrote: post #40

Earlier quoted context omitted.

If you don't mind me asking, what types of transactions do you currently use it for? Based on the current technology and fees, it is quite expensive to transact, and really doesn't make sense for me. That said, I can see a future for it if something like lightning network ever gets released (and actually works).

Bitcoin has a flat fee per transaction, so even at $6 it doesn't take a lot of money until it's winning out over the 5% PayPal takes.

Bitcoin has any fee you want per transaction, from 0 to all the bitcoin you control. The more you pay in fees, the more likely it is to be included on the blockchain sooner.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#152

Post by heartbreak »

__sha3d2 wrote: post #101
wott wrote: post #75

Earlier quoted context omitted.

I should start a business selling thin air. Thin air from France, thin air from Japan, thin air from Mexico, and so on, you can collect them all, it is super fun. Then I could introduce cold captured thin air, warm captured thin air, etc. Wet thin air, dry thin air for year 3. More fun every year. Even better, I should sell just a paper (well, an electronic one) stating you own some thin air. Hey, geeks, how cool can…

I'm not kidding when I say that you would be surprised at the size of the market for canned air. I made this same joke several years ago and then looked into it and was blown away.

There's value added to canned air at least.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#153

Post by cgb223 »

wott wrote: post #75
phil248 wrote: post #25

Earlier quoted context omitted.

Having purchased several cryptocurrencies recently, I can attest that I am certainly not acting rationally. But at least I'm having fun!

I should start a business selling thin air. Thin air from France, thin air from Japan, thin air from Mexico, and so on, you can collect them all, it is super fun. Then I could introduce cold captured thin air, warm captured thin air, etc. Wet thin air, dry thin air for year 3. More fun every year. Even better, I should sell just a paper (well, an electronic one) stating you own some thin air. Hey, geeks, how cool can…

I'm going to fork your thin air, and create "Thick Air" with the only difference being the blocksize of the available air

It'll be able to handle 8x as much air transfer as yours and have a minority following that will always bite at your heels

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#154

Post by SAI_Peregrinus »

__sha3d2 wrote: post #101
wott wrote: post #75

Earlier quoted context omitted.

I should start a business selling thin air. Thin air from France, thin air from Japan, thin air from Mexico, and so on, you can collect them all, it is super fun. Then I could introduce cold captured thin air, warm captured thin air, etc. Wet thin air, dry thin air for year 3. More fun every year. Even better, I should sell just a paper (well, an electronic one) stating you own some thin air. Hey, geeks, how cool can…

I'm not kidding when I say that you would be surprised at the size of the market for canned air. I made this same joke several years ago and then looked into it and was blown away.

That typically isn't air (80% Nitrogen 20% Oxygen) but a liquefied compressed gas such as 1,1,1,2-tetrafluoroethane. They're very handy for cleaning things, especially computer heat sinks. Much more portable and cheaper than an air compressor.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#155

Post by cgb223 »

jonknee wrote: post #35
jatsign wrote: post #14

98% of their funds are stored offline in a cold wallet. I bet they exhausted their hot wallet supply. https://www.coinbase.com/security?locale=en-US

Why would they need the actual coins to allow trading? Only transferring would require access to a wallet.

I heard somewhere that they keep some of each digital currency on hand to help with price stabilization between when you buy and when transfer is done.

So like, you buy not from someone selling, but from Coinbase's stash, who then buys to refill from someone else.

No idea how accurate that is though, maybe someone can back me up or correct me here

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#156

Post by qzervaas »

zMiller wrote: post #150

This thread's audience is obviously a 'developed nations' one. From our perspective yes, Crytpo's use case as currency make absolutely no sense (yet), we tap our Visa card to pay instantly with no fees and no fraud liability, hard to beat. As a store of value however there is a very strong use case in the western world. Of the top my head, it is estimated that 10% of our GDP is in off shore havens, think about that i…

No fees? Visa and MasterCard are making off like bandits as we move from cash to card.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#157

Post by y04nn »

helen842000 wrote: post #29
_m8fo wrote: post #11

Can someone familiar explain why cryptocurrencies aren't a bubble? They both seem to exhibit similar characteristics. Clearly, are shown by the site here, these aren't nearly as liquid as fiat currencies, nor are they really used to purchase anything. So... What is it? EDIT: upon thinking about it, MLM wasn't the term I meant.

I bought BTC to use as currency for transactions not as an investment. It should be used for that purpose. MLM only has one purpose - to recruit others into it. I don't ask other people to buy BTC so I can make a profit. MLM usually has a pyramid commission structure.

Yes, people may be able to live their life without going back to USD currency, so their will be no devaluation of a crypo X as long as people trust it (as gold). When a cryto X is not trusted anymore people are going to stop using it to go back to USD or another crypto thus devaluating the cryto X in respect to the USD.

A big advantage of cryptocurrencies (I think) is that there is no regulation (no central bank injecting billions), but it is also its Achilles's heel because it can't be used ha s a commodity currency because it miss the stability of a currency backed by a central bank.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#158

Post by koolba »

wott wrote: post #75
phil248 wrote: post #25

Earlier quoted context omitted.

Having purchased several cryptocurrencies recently, I can attest that I am certainly not acting rationally. But at least I'm having fun!

I should start a business selling thin air. Thin air from France, thin air from Japan, thin air from Mexico, and so on, you can collect them all, it is super fun. Then I could introduce cold captured thin air, warm captured thin air, etc. Wet thin air, dry thin air for year 3. More fun every year. Even better, I should sell just a paper (well, an electronic one) stating you own some thin air. Hey, geeks, how cool can…

> Even better, I should sell just a paper (well, an electronic one) stating you own some thin air. Hey, geeks, how cool can this get?

That idea has been around for hundreds of years: https://en.wikipedia.org/wiki/Indulgence

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#159

Post by velodrome »

Joeboy wrote: post #116
wott wrote: post #75

Earlier quoted context omitted.

I should start a business selling thin air. Thin air from France, thin air from Japan, thin air from Mexico, and so on, you can collect them all, it is super fun. Then I could introduce cold captured thin air, warm captured thin air, etc. Wet thin air, dry thin air for year 3. More fun every year. Even better, I should sell just a paper (well, an electronic one) stating you own some thin air. Hey, geeks, how cool can…

Named "Useless Ethereum Token", with the strapline "seriously, don't buy these tokens", raised $187k worth of ETH. https://uetoken.com/

A+ for transparency.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#160

Post by matte_black »

brentm wrote: post #140
matte_black wrote: post #126

Earlier quoted context omitted.

As a rational actor, buying Bitcoin right now is basically buying a bet that people will continue to be irrational long enough for me to make a good profit and get out. I don’t know how much faith you have in the market, but I predict the irrationality will continue until at least the stock market crashes and causes people to take a cold hard look at just what exactly it is they are doing. By the time people wake up,…

Sure I understand that. For BTC at least I am not sure I agree the rally will last as long as the stock market rally. I think we'll probably see a decent amount of selling in January when the gains are moved forward to the new tax year. Litecoin is another animal. I think we'll continue to see a lot of what we're seeing now. People seeing a low price (compared to btc), sad they missed out on cheap BTC and dreaming th…

Seeing as how dreamers are basically the only reason Bitcoin rose to $20k, I see no reason why the trend wouldn't replay itself with Litecoin. Great time to buy IMO.
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