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Litecoin and Ethereum buys and sells are temporarily disabled

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191–200 of 566 posts

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#191
post #5

What is causing the sudden rise in litecoin?

It's trying to settle itself as the silver of bitcoin's gold. Since it has solved the scalability issues bitcoin is now facing since its inception, the expectation is in the future people will use bitcoin only for big transactions and storing value, and litecoin for paying coffee.

It hasn't solved scalability issues though. Litecoin will face the same issues if it is used as much as Bitcoin.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#192

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…

Yup, that's why Dash coin has partnered with KuvaCash to help fight inflation and provide easier access to funds in Zimbabwe - https://www.dash.org/2017/11/23/KuvaCash.html

It'll be an interesting test case for the value cryptocurrencies can provide in third world countries.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#193

Earlier quoted context omitted.

Totally Kenya's mobile payment system evolution from SMSing minute refill codes, to an actual legally recognized form of payment is the original Blockchain in my mind :) But that is exactly my point, in that market , there is demand and need for innovation that means crypto (while inflated right now) is here to stay. People who call Bitcoin a 'Ponzi scheme' , type of plant or apply whatever reduction on a very comple…

> People who call Bitcoin a 'Ponzi scheme' , type of plant or apply whatever reduction on a very complex and innovative product are just mind boggling to me. You are mind-boggled because you have created a strawman; a caricature of what the "bitcoin non-believer" looks like. Your mind would be less boggled if you accepted that there are valid points on both sides in this case. People who question bitcoin's current va…

You are absolutely right. Again my comment was directed at : > People who call Bitcoin a 'Ponzi scheme' , type of plant or apply whatever reduction on a very complex and innovative product.

Not at the one's who are raising very valid red flags on valuation and how hot the market is becoming. In my personal opinion it is absolutely 'bubble' like behavior right now.

And i believe we both echo the same sentiment.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#195

Earlier quoted context omitted.

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

haha, depends on the card you agree to sign off to :)

the merchant is paying 3-5% plus transaction fees for each transaction. It's hidden from you, but you're paying for it.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#196

Coinbase is a joke of a service. They're telling me it will take 8 days to buy a Litecoin. Is this for real?

Basically it takes 8 days for your litecoin to be available (aka transferable) because otherwise you could just transffer your litecoin to another wallet and reverse the charge from your bank.

You still get your coins at the price you paid.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#198

Coinbase is a joke of a service. They're telling me it will take 8 days to buy a Litecoin. Is this for real?

My guess is you are waiting 8 days for your bank transfer, not the litecoin. If you had money already in your account, or paid with a credit card it would be there immediately

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#199

Earlier quoted context omitted.

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

haha, depends on the card you agree to sign off to :)

No, it does not depend on which card you're using. Everything costs a few percentage points more because of fees for the merchant. You pay this no matter what card you're using. They don't offer you a different price for using a specific card, though a handful do for using cash (gasoline comes to mind).

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#200
post #82
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…

A few years ago, Cards Against Humanity ran a Black Friday campaign where you send them $5 and get absolutely nothing in return. https://cardsagainsthumanity.com/blackfriday/

I wish they'd run this campaign again so I could buy a second.
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