181–190 of 255 posts
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I wonder what happens if someone wants to liquidate this amount to USD immediately. Has ether got enough liquidity to handle it :)
Well, considering that this amount of ETH was worth double that 2 weeks ago, I don't put much faith in it being worth anywhere near that much if they tried to liquidate it immediately.
Could HTTP public key pinning have prevented this at least partially?
What would have worked, however, would have been to pin the ICO address to the blockchain in advance. Same concept.
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> sending money overseas with very low transaction fee Except that fluctuations in the conversion rate make this very touchy, especially if you're talking about a significant sum of money. Also, sending crypto anywhere outside of a handful of developed nations is fraught with difficulty because recipients need to be able to convert bitcoin into spendable money which often involves risky in-person meetups and gigantic…
These are market problems that are especially suited for developing nations to be able to solve themselves. I am forever impressed by the ability of local populations to work out collective solutions to scaling and trust problems. Also, having options is better than not having them. Sure, there's the international wire system, but it wouldn't hurt to give it some competition.
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Can it? I understood it as more nuanced.
IMO, not Vitalik's
I got that information by reading his tweet.
Frankly, I don't know what you're talking about. I would imagine if he was trying to convey one should avoid all token sales he would have said something similar to that. Not something specific to a specific situation.
The trick I'm employing involves reading comprehension.
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Just to pick up on this one small point: as I understand it, the cashback you get with a credit card is more or less taken straight from the card processing fee charged to the vendor, which of course, raises prices overall and is therefore not really cashback at all. Without the fee, you would likely have just paid a lower price in the first place. The only party benefitting from the cashback scheme is, of course, th…
But do they eliminate the middleman? At least for Bitcoin, it takes an hour for any confidence that a transaction is truly valid. I'm not going to wait around for an hour just to grab my morning coffee. So obviously there's going to need to be a credit backed middle man to guarantee your transaction so the seller doesn't get screwed by a double spend. Eth is slightly better, but it still takes something on the order…
Bitcoin is the largest and most prevalent, so it has become the currency most often used to exchange to fiat. Usually the transaction fees are still mostly negligible because these are larger transactions than the faster altcoins when they're used to make purchases.
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Wait what? I'm not up to date on all the cryptocurrency going-ons. What's this referring to?
The DAO was hacked by an unknown attacker who stole Ether worth around $50 million dollars at the time. After much debate, the Ethereum community voted and decided to retrieve the stolen funds by executing what’s known as a hard fork or a change in code.
Where's the news?! Why do people continue to bang heads against the wall with this madness? Unless you're a thief, how is the craptocurrency thing better than my credit card that's insured from unauthorized use and gives me a cash back?! Yeah, you can't speculate with credit cards, and get rich quick, because $1 = $1 like forever, but isn't that what the real investment tools are for?
Well how did you get a credit card? Wasn't it by going to a financial institution and submitting some type of identification? You understand not everyone has that privilege right? Not everybody has access, the capital, or the identification to a first-world bank.
That's right, they don't exist, and this argument is bullshit.
Where's the news?! Why do people continue to bang heads against the wall with this madness? Unless you're a thief, how is the craptocurrency thing better than my credit card that's insured from unauthorized use and gives me a cash back?! Yeah, you can't speculate with credit cards, and get rich quick, because $1 = $1 like forever, but isn't that what the real investment tools are for?
News like this are common for any emerging markets and technologies. Same amount of volatility was probably present in the first years of dollar, and same amount of insecurity was present while banks and credit cards were still being established.
I wonder how much different the crypto-currency conversation would have been if they appeared around the time when dollar lost its gold convertibility.
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Well how did you get a credit card? Wasn't it by going to a financial institution and submitting some type of identification? You understand not everyone has that privilege right? Not everybody has access, the capital, or the identification to a first-world bank.
Show me one instance of an underbanked person who achieved a line of credit thanks to cryptocurrency. Just one, please. That's right, they don't exist, and this argument is bullshit.
Although, I've pretty much always been paid in cryptocurrencies so my situation is rather unique.