The Bitcoin/Crypto Thread
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wrote on 15 Nov 2021, 18:46 last edited by Doctor Phibes
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.
wrote on 15 Nov 2021, 19:07 last edited by@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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wrote on 16 Nov 2021, 13:14 last edited by
Bad day for Crypto, lol. I may need to switch my purchasing from Monday to Tuesday…
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wrote on 16 Nov 2021, 13:52 last edited by
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?
wrote on 16 Nov 2021, 14:08 last edited by -
wrote on 16 Nov 2021, 14:59 last edited by
I just joined 89th and bought 1.9 million Shiba Inu coins. Come on baby! hit $1! lol
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wrote on 16 Nov 2021, 15:08 last edited by
@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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wrote on 16 Nov 2021, 15:14 last edited by
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?
wrote on 16 Nov 2021, 15:29 last edited by@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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wrote on 16 Nov 2021, 17:54 last edited by
@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.
wrote on 18 Nov 2021, 15:34 last edited by@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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wrote on 21 Nov 2021, 15:19 last edited by
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wrote on 21 Nov 2021, 16:09 last edited by
@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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wrote on 21 Nov 2021, 16:13 last edited by
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.
wrote on 22 Nov 2021, 14:02 last edited by@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?
wrote on 22 Nov 2021, 14:36 last edited by@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.
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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.
wrote on 22 Nov 2021, 16:17 last edited by@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?
wrote on 22 Nov 2021, 16:18 last edited by@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...
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@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...
wrote on 22 Nov 2021, 16:20 last edited by xenon@lufins-dad said in The Bitcoin/Crypto Thread:
@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...
I never pay any interest on cards but still use them for all my transactions. I use the cards for convenience and online transactions.
I also don’t think pure coins would offer a credit platform - or if they did the incentives and prices wouldn’t be so different from current credit prices.
But credit is a different mechanism from currency.
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wrote on 22 Nov 2021, 16:28 last edited by
The only advantage I hear for crypto is that it’s the payment tech of the future.
But, modern credit card payments are all based on modern SW tech.
Yeah - they don’t use a decentralized ledger, but has trustworthiness of the Visa / MC / Chase bank ledger been a problem for anyone here?
There are also human-based mechanisms like disputes and chargebacks built into their process that provide utility.
I just don’t know what the problem is that cryptocurrency is trying to solve.
What’s the vision for any easy future? Cross-border transactions?