Bitcoin/Ethereum/cryptocurrencies
- Thread starter 35years
- Start date
Many, many, many, many times. On many different exchanges.
@rod, crypto is not by itself a Ponzi scheme. There are Many cryptocurrencies out there that basically are, but the underlying technology is not.
Blockchain is basically another way of saying "decentralized ledger". No one can change it without everyone else mathematically verifying that the transaction is acceptable.
It's a way to keep things trustless, and hold people accountable. The paper monetary system is flawed because the government can print as much as they want. Or freeze bank accounts of political enemies. Or Tax peoples' bank accounts like they were going to do in Cyprus in 2013.
The algorithm behind bitcoin prevents anyone from playing games like that.
Brownslave688
You want a toe? I can get you a toe.
Brownslave688
You want a toe? I can get you a toe.
rod
Retired 23 years
So its kind of like buying stuff with sacks of potatoes and dead chickens then. Barter
Crypto currencies are not that useful outside of remittance (think westernunion/moneygram) Some of the big players in that area(that are still unknown to most) have made a lot of advances in terms of relationships with countries like mexico and burma. Unfortunately they are not reaching the people that need it. One good example you can look at is Everex
but thats not 1% of what crypto is. Cryptocurrencies are the useless part of crypto, whats useful is all the platforms and the identity apps and other backend stuff that is used by real companies
TD Bank Group and The Hydrogen Technology Corporation announce North American agreement to bring automated, digital investing solutions to TD clients
/PRNewswire/ - TD Bank Group today announced a commercial licensing agreement with The Hydrogen Technology Corporation (Hydrogen), a recognized leader in the...
www.prnewswire.com
an example, TD bank is using this hydrogen company. Big deal. But their cryptocurrency(which the platform is using) is worth nothing right now yet the product TD bought for a LOT of money requires it.
There's also research based crypto as numerai(google it)
there's supply chain stuff, just a few months ago the president of france and china signed an almost billion $ deal for the trade of meat, all of it is verified on chain by cryptocurrency vechain(which walmart china uses actively DAILY)
There's thousands of other backend application that most dont know. Those tokens are gonna be worth billions of $ at some point.
There's also tons of scams, just like in the real stock world. But in the end, there's some real money to be made by buying some of these adopted companies that will be used daily by most large corps very soon.
I started at UPS only to stop withdrawing my crypto profits, i had been doing it fulltime for a few years. Withdrew a lot.
Brownslave688
You want a toe? I can get you a toe.
Very telling image
Future
Victory Ride
? Give me the cliff notes on this .... not well versed in its meaning in the big scheme
Brownslave688
You want a toe? I can get you a toe.
That’s the dollar vs bitcoin over the last 5 years. Obviously the dollar has not fared well
hats off to the ppl who got into bitcoin at 300, or 3000, or sub 300. i almost did but i was too much of a skeptic. wouldve been cool seems pretty subversive
I've still got those coins... my judgement is still not to be trusted.
Brownslave688
You want a toe? I can get you a toe.
Is there a price you’d sell at?
mmmmm, not really sure... I don't really look at the price very often, maybe once every 2 or 3 months.
Brownslave688
You want a toe? I can get you a toe.
Brownslave688
You want a toe? I can get you a toe.
Maybe you should all be buying whiskey.
Faceplanted
Well-Known Member
I wonder where they are going to get their price feeds from
Brownslave688
You want a toe? I can get you a toe.
Probably something verified by TRAC
Not gonna lie. This is pretty darn cool.
Didn't take long at all to get off the waitlist.
Brownslave688
You want a toe? I can get you a toe.
As a wise man once told me, if you don't hold the private key, you don't own anything.
It's basically just the equivalent of Robinhood's crypto markets.
Speculation, and paper crypto.
Still quite a leap forward from where things were though. Just in terms of them legitimizing it by bringing it in.
