Earlier quoted context omitted.
I think the big question here is what the crash will settle at for the big 3: BTC/ETH/LTC. Thoughts?
Why not Monero?
Simply to limit scope because Coinbase does not support Monero.
Litecoin and Ethereum buys and sells are temporarily disabled
211–220 of 566 posts
Re: Litecoin and Ethereum buys and sells are temporarily disabled
#212So much for a "decentralized" currency system. Actually coinbase and the other players are and will be worst actors than banks if this presque monopoly isn't solved
Then use localbitcoin.com, localethereum.com, etc
It's not about what's available it's about what people use, and the power that these companies hold
Re: Litecoin and Ethereum buys and sells are temporarily disabled
#213Earlier quoted context omitted.
Today I went to one bank to transfer 60k from one account to an account in a different bank. I paid 7.50$ to get a certified check from Bank A. Went to the Bank B near my house to deposit it there. Unfortunately the branch near my house isn't where my account is. They tried faxing a photocopy of my certified check to the other branch but the line was busy. They're going to continue trying until 3pm today when they cl…
That's an absurdly specific grievance that won't effect 99.9% of people in any given year, and it certainly doesn't answer why Bitcoin isn't in a bubble.
We have more and more remote workers around the world. A few of them are being paid with cryptocurrency already, saving a lot of headache for them.
Re: Litecoin and Ethereum buys and sells are temporarily disabled
#214So much for a "decentralized" currency system. Actually coinbase and the other players are and will be worst actors than banks if this presque monopoly isn't solved
coinbase is just an exchange, or a way to buy/sell crypto. once you own crypto, you no longer need to use coinbase. coinbase never advertised itself of being decentralized
I am well aware of that, the emphasis here is the prevalence of coinbase in an ecosystem that is supposed to be decentralized
Re: Litecoin and Ethereum buys and sells are temporarily disabled
#215Re: Litecoin and Ethereum buys and sells are temporarily disabled
#216Earlier quoted context omitted.
That works, so long as you've refactored your infra to the point that the computational resources (whether server nodes or hard disks or or database shards) are modular enough that you can just add more stuff and it will play nice with everything else. That objective -- not a cute UI that lets you change one of the numbers -- is the hard part. And yes, it is to Coinbase's discredit that they haven't done so, but (ass…
Can't they just get a bigger boat? Scaling via hardware is a good fix until systems can be made modular for scaling.
Most scalable systems have some 'singletons' somewhere in the stack. At a certain scaling point, the singletons must be made scalable to multiple instances, which often entails making a new singleton to manage these instances.
In this way, scaling often gives you an order of magnitude or two of available additional capacity, but periodically requires new dev work to support further increases.
Re: Litecoin and Ethereum buys and sells are temporarily disabled
#217This 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…
Well said.
Re: Litecoin and Ethereum buys and sells are temporarily disabled
#218What is causing the sudden rise in litecoin?
because it's strictly better than BTC. Faster and cheaper transactions.
Re: Litecoin and Ethereum buys and sells are temporarily disabled
#219Tulip Mania comes to mind... https://en.wikipedia.org/wiki/Tulip_mania
A big difference is that anyone could grow Tulips; Bitcoin has a supply limit
Re: Litecoin and Ethereum buys and sells are temporarily disabled
#220Is there really so little else to invest in that plugging money into magic scarcity is the best bet?
If you are a value investor, everything on the S&P500 has been overpriced and overbought for the past several years. Best bet is all relative.
I think allocating a small percentage of wealth to an asset with 10% chance of going up 20x, and 90% change of going to 0 (net expected value 2x) is a rational diversification. Crypto seems to be fairly uncorrelated to broad market. (This is actually a more bearish perspective than I hold, but wanted to point out that it can be rational to hold an asset which is likely to fail as long as there exists a significant chance of order-of-magnitude returns)