crypto currency discussion

[illiteratepotato]

Can someone explain to me how blockchain is so valuable to companies in the future? Who the fuk would want to invest in a system that clears transactions in 5 minutes sometimes and 12 hours at other times. Not to mention the utility bill costs to run this b.s. Complete garbage. What is the point? Am I missing something? Debit cards 5000 times faster than this garbage.

Be happy with your debit card! Nobody forces you to use crypto. A permissionless, non-censurable, decentralized money definitely has value. You on the other hand value speed and convenience, which is totally fine! Doesn't make bitcoin garbage though.

[mrpapageorgio]

Can someone explain to me how blockchain is so valuable to companies in the future? Who the fuk would want to invest in a system that clears transactions in 5 minutes sometimes and 12 hours at other times. Not to mention the utility bill costs to run this b.s. Complete garbage. What is the point? Am I missing something? Debit cards 5000 times faster than this garbage.

Blockchain is the technology of how Bitcoin runs, they are non synonymous (i.e. all squares are rectangles, but not all rectangles are squares). There's other crypto coins that use blockchain technology that are much faster, but not as popular. There's a bunch of reasons for why it's valuable, but one example is it allows companies to have past records that can't be altered or destroyed.

[chilidog]

Can someone explain to me how blockchain is so valuable to companies in the future? Who the fuk would want to invest in a system that clears transactions in 5 minutes sometimes and 12 hours at other times. Not to mention the utility bill costs to run this b.s. Complete garbage. What is the point? Am I missing something? Debit cards 5000 times faster than this garbage.

At the moment, cryptocurrencies are incredibly popular in Asia, especially for cross-border remittance companies. There is no other easier and faster way to send money than crypto. The Western world is catching up, albeit slowly.

Bitcoin itself has many limitations; it has a huge scalability issue. There are many ongoing projects that are working on this. Remember, blockchain is still in its infancy.

As for energy costs, that is a factor with Proof of Work. Proof of Stake eliminates this excessive drain on our energy resources.

[Noles1992]

So all these airdropped coins from Eos holdings back in June exactly what are they worth? I got like 1000 of these ATD EON, EOP AND A SMALLER DROP OF ADD and Meetone

[Ebumdude]

Reddit, Expedia and Square just stopped accepting BTC as a form of payment.

[DwightShrute]

At the moment, cryptocurrencies are incredibly popular in Asia, especially for cross-border remittance companies. There is no other easier and faster way to send money than crypto. The Western world is catching up, albeit slowly.

Bitcoin itself has many limitations; it has a huge scalability issue. There are many ongoing projects that are working on this. Remember, blockchain is still in its infancy.

As for energy costs, that is a factor with Proof of Work. Proof of Stake eliminates this excessive drain on our energy resources.

I think and hope you're right. I think the bitcoin concept is excellent.

[Ebumdude]

So all these airdropped coins from Eos holdings back in June exactly what are they worth? I got like 1000 of these ATD EON, EOP AND A SMALLER DROP OF ADD and Meetone

If someone else wants to chime in if I am wrong, feel free.

Each air dropped coin is worth exactly what their value holds currently on the market. The developer’s way of saying “thank you” for believing in (insert product and development coin here). You are airdropped a percentage of what you currently hodl. Each percentage varies from coin to coin.

Hang on to them or exchange them if you think they will go up. The more you hold, the more you receive, the more your coin will appreciate in value over time, (pending success of the developers and their product). Same concept as gaining interest in a bank.

[lotuspod]

As for energy costs, that is a factor with Proof of Work. Proof of Stake eliminates this excessive drain on our energy resources.

Strongly agree. Proof-of-Stake is also preferable for many other reasons, particularly to the more non-technical users. They can get rewards similar to mining, but without having to buy and maintain expensive hardware while paying high energy costs. Mining rewards are based on how many coins you have staking, a bit similar to earning interest. Bear market doesn't seem quite as bad when you have staking rewards coming in steadily.


There are some arguments against it, but mainly from Proof-of-Work supporters being nitpicky - if someone had invested a lot in specialized mining hardware they'd likely be against anything else no matter what anyway. In addition, mining hardware is still highly centralized...all it takes is a little research into Bitmain.

[Noles1992]

If someone else wants to chime in if I am wrong, feel free.

Each air dropped coin is worth exactly what their value holds currently on the market. The developer’s way of saying “thank you” for believing in (insert product and development coin here). You are airdropped a percentage of what you currently hodl. Each percentage varies from coin to coin.

Hang on to them or exchange them if you think they will go up. The more you hold, the more you receive, the more your coin will appreciate in value over time, (pending success of the developers and their product). Same concept as gaining interest in a bank.

Ok thanks ! yeah I will hold to them as I can’t find anything listed as a value or trade them yet at least not on binance. The funny thing I had sold most my Eos when it peaked again in May/ early June and don’t hold any now but from what i just read it was snapped shot in early June on binance.
I had some weird hunch and grabbed ETC not long after and wound up getting announced for coinbase so its climbing nice now. Grab some if you can. I also grabbed nice chunk of NEO as it went under $30. Firekiilex suggested it also

[Arky]

So all these airdropped coins from Eos holdings back in June exactly what are they worth? I got like 1000 of these ATD EON, EOP AND A SMALLER DROP OF ADD and Meetone

Ebum covered it OK. Best way to handle the airdrops is to just forget about them, IMO. Some (most) don't have a valuation, yet. In two years, they might be worth something. Or not. Some will be shxx coins. The big one is Everipedia (IQ) as most have that as a can't-miss token. It is using the early June genesis snapshot so if were holding then, you'll probably get that one.

All EOS holders should get the Simpleos wallet. It will show you the airdrops you have received. Use caution when installing it because it requires you to enter your EOS private key so make sure your computer is secure.

I've gotten 7 airdrops in my EOS account and a few more in my original myetherwallet account. Still haven't got ATD (Atidium) or EOX yet so hope they are still in the process of distributing....

I got 100k EOS Sports Bet (ESB) tokens but may not be able to use them unless I get a VPN - USA, Canada and China are banned - so might have to sell those eventually.

[chilidog]

Reddit, Expedia and Square just stopped accepting BTC as a form of payment.

Reddit and Expedia quit accepting bitcoin because their processor, Coinbase, moved to a non-custodial solution.

As for Square, I can't find anything on their site that indicates they don't accept BTC. They even have a full FAQ page specifically about it: https://squareup.com/help/us/en/arti...nd-bitcoin-faq

[Ebumdude]

Reddit and Expedia quit accepting bitcoin because their processor, Coinbase, moved to a non-custodial solution.

As for Square, I can't find anything on their site that indicates they don't accept BTC. They even have a full FAQ page specifically about it: https://squareup.com/help/us/en/arti...nd-bitcoin-faq

Thank you for pointing that out. I heard somewhere yesterday about Square, and of course I cannot find it now.

[Ebumdude]

The airdrops for MTC have been on point and generous.

Just saying...

[Noles1992]

Thanks ARKY!

[Optional]

Reddit and Expedia quit accepting bitcoin because their processor, Coinbase, moved to a non-custodial solution.

What does that mean Chilidog? In practical terms?

[POISON]

What does that mean Chilidog? In practical terms?

I'm wondering too....?

[lotuspod]

Waves is becoming another good platform for airdrops, currently the cheapest option for projects to perform these and pretty damn fast at it. One of their tests awhile back processed 170,000 transactions in 20 minutes, with an estimate of 10m per day. If their upcoming smart contracts goes well it could see some nice gains on top of that...probably worth keeping an eye on.

However they lost some of their community support to a recent fork called TurtleNetwork which has jumped about 10x in value over the past month or so. It'll be interesting to see how it all plays out. There are still some gems out there if you put in the effort researching.

[chilidog]

What does that mean Chilidog? In practical terms?

So, with Reddit and Expedia, when you made a purchase, Coinbase kept the bitcoin in their wallet, and would settle with merchants according to their contract.

Coinbase decided to terminate their custodial processing service, and have moved to a non-custodial, which means the bitcoin would go directly to the merchants (which does create more work for the merchants).

[Bluehorseshoe]

Robinhood.com is now legal in NJ

I don't have to pay those Coinbase fees anymore.

[lotuspod]

Robinhood.com is now legal in NJ

I don't have to pay those Coinbase fees anymore.

Lucky man, can't wait for them to add my state

[bonzaii]

Robinhood.com is now legal in NJ

I don't have to pay those Coinbase fees anymore.

Yeah but with Robinhood you can't send those coins to another wallet. You have to hold on to them and use them for trading on their app.

[Chi_archie]

let's go!

[DOM_Toretto]

Yeah but with Robinhood you can't send those coins to another wallet. You have to hold on to them and use them for trading on their app.

I just started using it in Michigan

I like it, but only using it for small buys & quick sells... cuz you’re right, you probably don’t want to keep thousands on the app.

[slikec]

Short version of guy i give lots of weight to my trades have to say. We go now down to 4,7k-4,9k$ per BTC where we get nice spike back up(or V shape on graph) we enter last big bull run(trap) to around 8k(this is still far away so can change) but once we start falling we go slowly as nails down down down(how down depends if any ETF gets approval- if this happens all in long for what will probably be last insane bull run for BTC).

Well have nice summer we shall see how it plays out.

[chilidog]

The true worth of bitcoin is a bit above average production costs, just the same as with gold. That's what you can realistically expect it to settle around. December's spike was from the general public's fear of missing out on a goldrush. Why would you pay $20,000 when you could pay $4-5k?

[Ebumdude]

My penetrating blockfolio is plummeting.

Any word on wtf is going on?

[Arky]

My penetrating blockfolio is plummeting.

Any word on wtf is going on?

Hard to say. Obviously, we're truly in a bear market.... Someone pointed out that the BTC low for 2017 happened about this time last year, almost to the day. Interest in crypto is down so volume and market cap are down.

I just put in a transfer with my 401k to get more cash to buy some of these low prices. Buying the dip one more time..... I'm about tapped out on my comfort level of what I can stand to lose....really hope things pick up the rest of the year. Doesn't have to be parabolic, just some encouraging upward action....

If you made good choices, the value will return when the market returns. It might be a while.

[Ebumdude]

Hard to say. Obviously, we're truly in a bear market.... Someone pointed out that the BTC low for 2017 happened about this time last year, almost to the day. Interest in crypto is down so volume and market cap are down.

I just put in a transfer with my 401k to get more cash to buy some of these low prices. Buying the dip one more time..... I'm about tapped out on my comfort level of what I can stand to lose....really hope things pick up the rest of the year. Doesn't have to be parabolic, just some encouraging upward action....

If you made good choices, the value will return when the market returns. It might be a while.

Thanks for the positivity. I haven’t checked my balances in a bit and was surprised at what I saw. Bearish trends, some rumblings in the Chinese markets, etc. I’m with you on the tap out and comfortability of losses. Let’s turn this baby around.

[Chi_archie]

turn it around

[bonzaii]

turn it around

Did you just get a bj or something?

[firekillex]

if you believe in the tech prices now shouldnt make you stressed

[Chi_archie]

if you believe in the tech prices now shouldnt make you stressed

you gotta believe!!!

[bigtymer56]

My penetrating blockfolio is plummeting.

Any word on wtf is going on?

Been 6 months since the high. Average Joe's finally giving up hope they can get rich quick off of crypto.

No new interest right now. Seems to be only to diehards left. Augur finally launched their mainnet...price hasn't budged (yet).

[slikec]

Hard to say. Obviously, we're truly in a bear market.... Someone pointed out that the BTC low for 2017 happened about this time last year, almost to the day. Interest in crypto is down so volume and market cap are down.
I just put in a transfer with my 401k to get more cash to buy some of these low prices. Buying the dip one more time..... I'm about tapped out on my comfort level of what I can stand to lose....really hope things pick up the rest of the year. Doesn't have to be parabolic, just some encouraging upward action....

If you made good choices, the value will return when the market returns. It might be a while.

Oh man save fiat for now at least if you dont wanna sell. Prices will be lower for f*** sake find 10 stock bubble charts and compare or better 100. And you know what there were also bagholders saying stuff you saying now. For long term buying check prices in another 6 months! If you wanna scalp now probably is not best time(unless you go for trade with 1% stop loss to get 2-4% etc.). Just keep at least 10% in fiat youll love it when youll buy with those 10% over half of what youll buy now lol.

Edited: Ok compare with NASDAQ bubble and where i see we probably are:


I am not saying BTC wil go to three digits(is possible but not very likely jet) but that 6k$ is bottom lol well that is just no way. Biggest indicator is VOLUME(or better to say lack of it). Until volume starts climbing again no way we can say that was bottom!

[bonzaii]

Huge issue is government interference over in Asia. That is what brought the trade volume and prices down so much with China and S Korea bringing about regulations which forced most people in those countries to cash out their coin from exchanges. In turn, less people in North America/Europe are interested in investing/trading because with the market shot in that side of the globe there is less opportunity for the average Joe to make money.