Aug 5, 2020
You are welcomeI hope ppl ITT aren’t still investing in crypto it’s never worth it
But stocks, damn it’s been rough. It’s kinda sad cause Amazon might still be a buy even if it is so high up rn. Tesla might still be a buy too. Feel bad almost like the ship sailed, but it’s hard to tell.
Personally a fan of stocks that grow steady and slow, Microsoft comes to mind. Apple might be in a similar vein
Apple has gone up almost 20% in the last month. Got in at the right time
- Aug 5, 2020·1 reply
SignedTwiceWhys it not worth it?
what is the current use case for crypto currency
was the reason that crypto currency exists right now what is it actually used to purchase
Aug 5, 2020You are welcomeI hope ppl ITT aren’t still investing in crypto it’s never worth it
But stocks, damn it’s been rough. It’s kinda sad cause Amazon might still be a buy even if it is so high up rn. Tesla might still be a buy too. Feel bad almost like the ship sailed, but it’s hard to tell.
Personally a fan of stocks that grow steady and slow, Microsoft comes to mind. Apple might be in a similar vein
- Aug 5, 2020·edited·1 replyYou are welcome
what is the current use case for crypto currency
was the reason that crypto currency exists right now what is it actually used to purchase
Alternative to central banks
Allows accessibility of financial tools to those that are excluded in current system e.g derivatives, stable coin lending etc.
Data provenance
Aug 5, 2020·1 replyYou are welcomeI hope ppl ITT aren’t still investing in crypto it’s never worth it
But stocks, damn it’s been rough. It’s kinda sad cause Amazon might still be a buy even if it is so high up rn. Tesla might still be a buy too. Feel bad almost like the ship sailed, but it’s hard to tell.
Personally a fan of stocks that grow steady and slow, Microsoft comes to mind. Apple might be in a similar vein
Crypto is still in it’s infancy, a lot of money to be made still
- Aug 5, 2020·1 replylnstinct
Alternative to central banks
Allows accessibility of financial tools to those that are excluded in current system e.g derivatives, stable coin lending etc.
Data provenance
Data provenance is literally the stupidest reason anyone could give “ohhhh it’s a system of record” what does that even offer as a benefit. There are so many ways to keep track of information the idea that money with a built in tracking mechanism is useful is so idiotic, what does it actually benefit, especially since so many transactions are electronic and already recorded in multiple systems anyways, what’s the point of doing it in a cryptocurrency compared to one of the old government backed long standing currencies.
Alternative to central banks, so a place to store money in a different currency format. Why use a bank? To keep money in a savings or money market account for some growth when it’s not being put to work in the form of a bond or stock with a definite ROI. If you want something to put a tiny portion of cash into to diversify a portfolio then by all means. If you want to use it to keep all your assets in place of a normal bank with a normal currency you are a moron. It’s not even close to being stable enough to be considered an alternative to a bank.
What do you mean by financial tools to those excluded by the current system? Those that cannot use a normal currency because they are doing an illegal activity? What a stupid reason to give for the existence of something.
- Aug 5, 2020·1 replyRoyalSavant
Crypto is still in it’s infancy, a lot of money to be made still
See here’s the thing, you view crypto as a money making thing when the reality is it is supposed to be a form of currency to be used for trade. If it was a stable currency it wouldn’t be getting hyped up. There are people who do trade for exchange rates but they are so far and few and in general it becomes hard to predict or make a huge return in that field
- Aug 5, 2020·1 replyYou are welcome
See here’s the thing, you view crypto as a money making thing when the reality is it is supposed to be a form of currency to be used for trade. If it was a stable currency it wouldn’t be getting hyped up. There are people who do trade for exchange rates but they are so far and few and in general it becomes hard to predict or make a huge return in that field
You’re assuming a lot here, sure I see it as an investment however projects like Ethereum which I’m bullish in are focused on much more than just currency, things such as smart contracts, DeFi loans, decentralization and more are the focus. There’s a reason why companies like Microsoft, Coke and much more are invested. I’m invested in what many consider to be the internet 2.0 not just a digital currency.
- Aug 5, 2020·1 replyRoyalSavant
You’re assuming a lot here, sure I see it as an investment however projects like Ethereum which I’m bullish in are focused on much more than just currency, things such as smart contracts, DeFi loans, decentralization and more are the focus. There’s a reason why companies like Microsoft, Coke and much more are invested. I’m invested in what many consider to be the internet 2.0 not just a digital currency.
Web 2.0? That term that has been in use since the year 2000?
I’m well aware that companies are looking into it, i work for a company that partners with Microsoft on their Crypto initiative.
Here’s a question, is the fact that it’s a cryptocurrency important? Couldn’t a global print currency do the exact same thing that crypto offers.
- Aug 5, 2020·1 replyYou are welcome
Web 2.0? That term that has been in use since the year 2000?
I’m well aware that companies are looking into it, i work for a company that partners with Microsoft on their Crypto initiative.
Here’s a question, is the fact that it’s a cryptocurrency important? Couldn’t a global print currency do the exact same thing that crypto offers.
Not at all, how would a global print currency create decentralized applications? Lol
- Aug 5, 2020RoyalSavant
Not at all, how would a global print currency create decentralized applications? Lol
Can you elaborate on your terminology. When you say decentralized applications, what are you referring to
- Aug 5, 2020
If you are referring to this:
en.m.wikipedia.org/wiki/Decentralized_applicationI can assure you that distributed computing existed long before crypto
- Aug 5, 2020·1 reply
Like holy s*** none of these so called “benefits” have anything to do with crypto other than people tying them to crypto
What is a smart contract, literally logging has been built into computers for decades, you can very easily design a transaction based logging model without even thinking about crypto currency
As a software developer this s*** is actually pretty pathetic. It’s like the kids that wish they could trying to make connections that never had to exist
- Aug 5, 2020·1 replyYou are welcome
Like holy s*** none of these so called “benefits” have anything to do with crypto other than people tying them to crypto
What is a smart contract, literally logging has been built into computers for decades, you can very easily design a transaction based logging model without even thinking about crypto currency
As a software developer this s*** is actually pretty pathetic. It’s like the kids that wish they could trying to make connections that never had to exist
I mean you’ve obviously already made up your mind on crypto lol why come in here and attack it?
- Aug 5, 2020·1 replyRoyalSavant
I mean you’ve obviously already made up your mind on crypto lol why come in here and attack it?
oh so you can't defend it with actual facts and information? nice
- Aug 5, 2020·1 replyYou are welcome
oh so you can't defend it with actual facts and information? nice
Why would I want to? Lol you do you my guy
- Aug 5, 2020·1 replyYou are welcome
Data provenance is literally the stupidest reason anyone could give “ohhhh it’s a system of record” what does that even offer as a benefit. There are so many ways to keep track of information the idea that money with a built in tracking mechanism is useful is so idiotic, what does it actually benefit, especially since so many transactions are electronic and already recorded in multiple systems anyways, what’s the point of doing it in a cryptocurrency compared to one of the old government backed long standing currencies.
Alternative to central banks, so a place to store money in a different currency format. Why use a bank? To keep money in a savings or money market account for some growth when it’s not being put to work in the form of a bond or stock with a definite ROI. If you want something to put a tiny portion of cash into to diversify a portfolio then by all means. If you want to use it to keep all your assets in place of a normal bank with a normal currency you are a moron. It’s not even close to being stable enough to be considered an alternative to a bank.
What do you mean by financial tools to those excluded by the current system? Those that cannot use a normal currency because they are doing an illegal activity? What a stupid reason to give for the existence of something.
Example for data usecase -> coindesk.com/florincoin-the-2014-altcoin-you-dont-remember-is-attracting-real-users
Also public blockchains are a great use for tracking money laundering due to immutable data & well known addresses used in scams are blacklisted by exchanges.
Btc is an obvious alternative proposition to current monetary policies.. no central authority, fixed supply, easy to store & move etc. You can store in your bank soon if u want. forbes.com/sites/haileylennon/2020/07/22/bitcoin-meets-banking-as-us-bank-regulator-permits-cryptocurrency-custody/#6608b8b75479
Derivatives markets are only available to accredited investors or ones with high net worth in most regions. With crypto anyone can participate p2p & leverage their knowledge. Borrowing/lending can now be done without middlemen so cheaper & trusting the software instead of people.
- Aug 5, 2020·1 replylnstinct
Example for data usecase -> https://www.coindesk.com/florincoin-the-2014-altcoin-you-dont-remember-is-attracting-real-users
Also public blockchains are a great use for tracking money laundering due to immutable data & well known addresses used in scams are blacklisted by exchanges.
Btc is an obvious alternative proposition to current monetary policies.. no central authority, fixed supply, easy to store & move etc. You can store in your bank soon if u want. https://www.forbes.com/sites/haileylennon/2020/07/22/bitcoin-meets-banking-as-us-bank-regulator-permits-cryptocurrency-custody/#6608b8b75479
Derivatives markets are only available to accredited investors or ones with high net worth in most regions. With crypto anyone can participate p2p & leverage their knowledge. Borrowing/lending can now be done without middlemen so cheaper & trusting the software instead of people.
lol the florincoin example literally doesn't need to be a cryptocurrency to do what it has to do. the fact that it is even considered a cryptocurrency is irrelevant.
what makes data immutable? it's based on how the system was developed, you can make data immutable without using a block chain or cryptocurrency system
an alternative to current monerary policies because it has no authority figure controlling it and yet no one will take it seriously without an authority figure controlling it sounds like a catch 22.
the software for borrowing and lending works independently of the currency. the currency the software uses can be whatever the developer wishes it to be, once again you've given a situation in which the fact that something is a cryptocurrency is irrelevant.what else can you possible show
- Aug 5, 2020·1 replyRoyalSavant
Why would I want to? Lol you do you my guy
so you have no conviction or passion for what you believe in, gotcha
- Aug 5, 2020·1 replyYou are welcome
lol the florincoin example literally doesn't need to be a cryptocurrency to do what it has to do. the fact that it is even considered a cryptocurrency is irrelevant.
what makes data immutable? it's based on how the system was developed, you can make data immutable without using a block chain or cryptocurrency system
an alternative to current monerary policies because it has no authority figure controlling it and yet no one will take it seriously without an authority figure controlling it sounds like a catch 22.
the software for borrowing and lending works independently of the currency. the currency the software uses can be whatever the developer wishes it to be, once again you've given a situation in which the fact that something is a cryptocurrency is irrelevant.what else can you possible show
People aren’t taking btc seriously?
Hedgefunds started stacking man, along w fidelity, nasdaq etc. getting on board. Its inevitable to be digital gold imo
Dnt feel like getting into the other points rn cuz I’m bout to go to sleep
- Aug 5, 2020lnstinct
People aren’t taking btc seriously?
Hedgefunds started stacking man, along w fidelity, nasdaq etc. getting on board. Its inevitable to be digital gold imo
Dnt feel like getting into the other points rn cuz I’m bout to go to sleep
everyone gets interested it doesn't mean they are actually putting a ton of active investment and effort into it
a company as big as fidelity might put less than 1% of it's resources into something. It's good publicity for people like you to pay attention to them
- Aug 5, 2020·1 replyYou are welcome
so you have no conviction or passion for what you believe in, gotcha
I’m very passionate about what I believe in, I just don’t waste my time with people looking to argue. Go do your own research
- Aug 5, 2020·1 replyRoyalSavant
I’m very passionate about what I believe in, I just don’t waste my time with people looking to argue. Go do your own research
Research? I've literally done the research for the terms you threw out and then explained exactly what's wrong with it. I don't need to do any more research, you should do some research if you can only do such a s***ty job understanding the item you claim to be interested in investing in and what it actually means in the context of the technology market
- Aug 5, 2020·1 replyYou are welcome
Research? I've literally done the research for the terms you threw out and then explained exactly what's wrong with it. I don't need to do any more research, you should do some research if you can only do such a s***ty job understanding the item you claim to be interested in investing in and what it actually means in the context of the technology market
I’m not sure what I did to trigger you but how about we agree to disagree lol move on
- Aug 5, 2020·1 replyRoyalSavant
I’m not sure what I did to trigger you but how about we agree to disagree lol move on
you didn't trigger me, i just have to tell you that you are really a coward that can't defend your own convictions