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Noticed a sign at the grocery recently: Fed is out of coins
WTF?
just_adhom_preaching saysNoticed a sign at the grocery recently: Fed is out of coins
WTF?
It means everything will be bought and sold with crypto starting next week. Now go and convert these useless $$ into beautiful shiny BTCs.
Cash sucks. Coins suck even more. Except digital ones.
Who still needs or uses coins? And for what?
Right. Because everybody is perfectly ok with waiting 10-15 minutes just to pay for an ice cream cone
Calm down now. Think of it a something between a credit card and check (how long does it take for a check to clear?) but NO BANKS are involved. No Western Union? No problem.
Nope, It’s like an open ledger. I you give me your address and I send money the two of us and anyone else can see it once the transaction has been confirmed.
but good luck proving which address belongs to whom.
Biggest flaw with crypto. It's beneficial to know who holds what. You'll never know with crypto
Who still needs or uses coins? And for what?
Typical Me-Leanial response. "I have no use for it, therefore I decree humanity must comply with my whims and wants."
People "investing" in it are investing in a google sheets doc that uses massive amounts of power for literally no reason.
WookieMan saysPeople "investing" in it are investing in a google sheets doc that uses massive amounts of power for literally no reason.
And if the HODLers never sell they will eventually end up with a stake in a spreadsheet that has no reason to update and no "miners" to update it.
the US dollar. Yeah.... the currency that is backed by the worlds largest military. The country that has massive amounts of natural resources. The country that even allows you to think digital numbers are valuable because they were mined with a fuck load of electricity and you trade them in US dollar.
Flaws? Untraceability is one of its touted features
Bitcoin=bad, gold=good.
Bitcoin is much more traceable then cash.
Bitcoin has remained entrenched in a range of USD9000.00 to USD9500.00 for over a month. The fall in volatility has led to a decline in participation by get-rich-quick FOMO traders, leading to a self-perpetuating negative feedback loop.
With precious metals marching higher, and signs that the V-shaped recovery trade is about to re-energise, Bitcoin looks poised to retest the bottom of its range, as its anarchist safe-haven appeal fades amongst the tin-foil hat, anti-5G brigade.
A failure of the USD9000.00 real fiat-currency support could see Bitcoin spike to the USD8350.00 zone, where both its 100 and 200-DMA’s are currently residing.
https://www.marketwatch.com/story/hackers-compromise-twitter-accounts-of-elon-musk-bill-gates-apple-others-in-crypto-scam-2020-07-15?siteid=yhoof2&yptr=yahoo