The Bitcoin/Crypto Thread
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I doubled up on Solana again. Still using my “poker money”… I don’t know that I will ever put serious money into crypto but Solana seems like a pretty safe bet over the next 24-36 months and I’m willing to forgo getting takeout for lunch for the time being to see where it goes…
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I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.
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I stopped off at the gas station and bought a scratch and sniff lottery card earlier today.
It smelled of lost dreams.
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I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.
@klaus said in The Bitcoin/Crypto Thread:
I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.
Cardano is next week's lunch money. I've looked at Polkadot as well.
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Bad day for Crypto, lol. I may need to switch my purchasing from Monday to Tuesday…
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I've opened an additional ccount at an US exchange, Kraken.
I wonder how safe the deposit there is. Over here, there's a kind of insurance that protects me from insolvency risk of the exchange or bank.
Any particular keywords I need to look out for in their terms of service to gauge how safe my money is?
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I've opened an additional ccount at an US exchange, Kraken.
I wonder how safe the deposit there is. Over here, there's a kind of insurance that protects me from insolvency risk of the exchange or bank.
Any particular keywords I need to look out for in their terms of service to gauge how safe my money is?
I was only joking
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@doctor-phibes said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
Kraken
Oh no.
It's no good?
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Might I interest @Jolly @Improviso and @Larry in the Let’s Go Brandon currency?
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@doctor-phibes said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
Kraken
Oh no.
It's no good?
@klaus said in The Bitcoin/Crypto Thread:
@doctor-phibes said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
Kraken
Oh no.
It's no good?
Dude, you've released the Kraken!
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@lufins-dad said in The Bitcoin/Crypto Thread:
Might I interest @Jolly @Improviso and @Larry in the Let’s Go Brandon currency?
What kind of Ponzi scheme is this?
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I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.
@klaus said in The Bitcoin/Crypto Thread:
I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.
What the hell did you do?! Solana is bouncing along all nice and average, Klaus buys some and POW! Straight down the crapper….
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@ivorythumper said in The Bitcoin/Crypto Thread:
If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.
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Anyone use tether when banking between coins?
Could be a bigger Ponzi scheme than madoff:
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@ivorythumper said in The Bitcoin/Crypto Thread:
If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.
@klaus said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.
Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?
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@klaus said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.
Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?
@ivorythumper said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.
Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?
Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…
Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.
There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.
The Brad
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@ivorythumper said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.
Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?
Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…
Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.
There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.
@lufins-dad said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.
Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?
Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…
Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.
There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.
I still don’t know what the pain points in the current MC/Visa platform are for consumers that crypto would solve.
How would my life be different if Amazon and all other retailers accepted Future Coin?
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@lufins-dad said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.
Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?
Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…
Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.
There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.
I still don’t know what the pain points in the current MC/Visa platform are for consumers that crypto would solve.
How would my life be different if Amazon and all other retailers accepted Future Coin?
@xenon said in The Bitcoin/Crypto Thread:
@lufins-dad said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
@ivorythumper said in The Bitcoin/Crypto Thread:
If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.
Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?
Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…
Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.
There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.
I still don’t know what the pain points in the current MC/Visa platform are for consumers that crypto would solve.
How would my life be different if Amazon and all other retailers accepted Future Coin?
Well, instead of paying 16% interest you could be making 16% interest for one...
