301–310 of 343 posts
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The difference is that owning bitcoin doesn't give you partial control over the world's largest companies.
Because you think you have any power over microsoft, with one action ? Unless you have a majority of the company, you are worthless.
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I have it charted against the Malaysian Ringgit. It was 347k BTC/MYR high this year, compared to 326k today.
this should be the real headline. I am certain and beyond any doubt that I speak for all of us hackernews readers when I say that I have no frame of reference on the value of cryptocurrencies without comparing first with the Malaysian Ringgit
USD/EUR isn't necessarily a good reference either because they could be headed the same direction - an aggressive POTUS could be viewed as bad for NATO. Even gold, because that gold is going somewhere physical.
But there's not much other evidence that the USD is weakening after the election.
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Stablecoins are much better for payments, no one would use BTC for goods and services with the transaction fee and the confirmation time being so bad. https://www.coinbase.com/institutional/research-insights/res... TL;DR from the article : Stablecoins settled $10.8T worth of transactions in 2023 of which $2.3T were related to organic activities including payments and cross-border remittances, among others Today’s pay…
But at that point you are giving up on the alleged benefits of crypto (decentralization) and you might as well just pay cash.
Practical example, credit/debt card processors almost universally have banned/are banning many adult content sites, but those sites are starting to accept stablecoins.
While stablecoins can be tracked, transactions cannot be universally controlled, especially not by private entities (depends on the exact stablecoin of course).
Note that it hit a new all-time high last night, but it's been in the ~$70ks since last March. The election results may have pushed it over the top, but it's been way up for a while. The people who predicted it would collapse appear to have been wrong, and the people who predicted it would come back appear to be right. My own position was that it's so volatile that it will always be a roller coaster, which is why I d…
Note that it hit a new all-time high last night, but it's been in the ~$70ks since last March. The election results may have pushed it over the top, but it's been way up for a while. The people who predicted it would collapse appear to have been wrong, and the people who predicted it would come back appear to be right. My own position was that it's so volatile that it will always be a roller coaster, which is why I d…
Your entire personality and idea of you is also a ponzy scheme. Does that make your life any less real ? Here you are pretending to be a somebody commenting so seriously on why Bitcoin is a ponzi scheme. Also go and short Bitcoin if you believe it is a ponzi scheme.
Then I realized that crypto has bought a majority of the house, senate and the presidency so these scammers are here to stay and our only hope is that they run out of suckers and start scamming each other
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Your entire personality and idea of you is also a ponzy scheme. Does that make your life any less real ? Here you are pretending to be a somebody commenting so seriously on why Bitcoin is a ponzi scheme. Also go and short Bitcoin if you believe it is a ponzi scheme.
Parent said that Bitcoin is not a ponzi scheme: "more evidence against the Ponzi scheme narrative".
Earlier quoted context omitted.
Stablecoins are much better for payments, no one would use BTC for goods and services with the transaction fee and the confirmation time being so bad. https://www.coinbase.com/institutional/research-insights/res... TL;DR from the article : Stablecoins settled $10.8T worth of transactions in 2023 of which $2.3T were related to organic activities including payments and cross-border remittances, among others Today’s pay…
To purchase goods and services with Bitcoin such as Lightning where fees are negligible. It is indeed being used worldwide. E.g., you can purchase a wide array of things with Lightning at Bitrefill.com
So I suppose people must use it all the time to buy goods and services. Right?