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Started By
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re: Official CryptoTalk Thread
Posted on 3/30/21 at 7:23 am to TigerTatorTots
Posted on 3/30/21 at 7:23 am to TigerTatorTots
Texas is going to use crypto as national currency when they eventually secede.
The fiat dollar is what keeps America alive. Once it becomes irrelevant...
The fiat dollar is what keeps America alive. Once it becomes irrelevant...
1
Posted on 3/30/21 at 7:48 am to Tiguar
Hoping ADA and LINK can push through their recent barriers today. Both have been stagnant for a while.
Posted on 3/30/21 at 7:53 am to ronricks
Posted on 3/30/21 at 7:59 am to ronricks
quote:
LINK can push through their recent barriers today. Both have been stagnant for a while.
Link is a few weeks away I think
Posted on 3/30/21 at 8:10 am to RATeamWannabe
Wtf, we could have all been millionaires with drep 
Posted on 3/30/21 at 8:14 am to 21JumpStreet
LINK
quote:
JUST IN:
@tether_to
has produced the first of a planned series of regular attestations from an actual accounting firm, Moore Cayman, verifying that it has assets exceeding the amount of $USDT in circulation.
@nikhileshde
reports
Posted on 3/30/21 at 8:47 am to TigerTatorTots
those people who scared themselves out of buying because of tether fud will not like to see that
This post was edited on 3/30/21 at 8:47 am
Posted on 3/30/21 at 9:01 am to rocket31
quote:
those people who scared themselves out of buying because of tether fud will not like to see that
rip mike
Posted on 3/30/21 at 9:01 am to rocket31
They will just move on to the next fake FUD talking point. Seems to be energy consumption right now
Posted on 3/30/21 at 9:03 am to RATeamWannabe
imagine sitting on the sidelines during the emergence of the crypto business cycle and runway growth
we might never get an opportunity like this in our lives again and there are still people convincing themselves not to buy
brutal
we might never get an opportunity like this in our lives again and there are still people convincing themselves not to buy
brutal
This post was edited on 3/30/21 at 9:04 am
Posted on 3/30/21 at 9:14 am to rocket31
quote:
imagine sitting on the sidelines during the emergence of the crypto business cycle and runway growth
we might never get an opportunity like this in our lives again and there are still people convincing themselves not to buy
brutal
Yep. Dollar has been rising the last couple months (despite Washington’s best efforts) and gold has been dying. The old narratives of what should make bitcoin go up (dying dollar, rising precious metals) are being overwhelmed by the adoption curve.
Super bullish especially when considering a backdrop where the dollar might resume its slide like this one:
quote:
SOME DEMOCRATS WANT RECURRING CHECKS IN INFRASTRUCTURE PLAN
Posted on 3/30/21 at 9:29 am to maclauer
burritos for bitcoin at chipotle this week
its happening isnt it
its happening isnt it
Posted on 3/30/21 at 9:37 am to maclauer
damn, youre right. people are exiting gold rapidly.
if only they had an opportunity to see this coming.
if only they had an opportunity to see this coming.
Posted on 3/30/21 at 9:51 am to TigerTatorTots
quote:
energy consumption
I don't think that one will go away any time soon given the political climate. If there are two protocols that can offer similar security, scalability and censor resistance but one at better energy efficiency then of course the more energy efficient protocol should capture the largest network in the long run.
It is a question of how long it takes for the understanding of the tradeoffs of POW, POS and hybrid systems to disseminate.
Posted on 3/30/21 at 9:57 am to Douglas Quaid
PoS is everything we wanted to avoid with the legacy system
bitcoin might get pressured to fork into PoS but it will be a sad day when they happens
bitcoin might get pressured to fork into PoS but it will be a sad day when they happens
Posted on 3/30/21 at 10:14 am to Douglas Quaid
quote:
PayPal launches Checkout with Crypto
you still have to sell the crypto to fiat before the transaction or did i see that wrong? the person receiving payment doesn't receive the bitcoin, right?
Posted on 3/30/21 at 10:20 am to rocket31
quote:
PoS is everything we wanted to avoid with the legacy system
Agree for the most part. No doubt that pure POS leads to "rich get richer" centralization. Same could be argued for POW though in terms of mining hardware. I think that is why the projects working on hybrid systems that include the best properties of each system and exclude the worst through clever engineering of protocol incentives will win....eventually.
Eventually could take a long time. Or it could happen much faster than we think.
Posted on 3/30/21 at 10:21 am to rocket31
quote:Yep
bitcoin might get pressured to fork into PoS but it will be a sad day when they happens
Posted on 3/30/21 at 10:24 am to finchmeister08
I just saw the headline this morning and need to look into the mechanics of it. I believe the entire process is handled by Paypal. When you want to buy something online you pull up Paypal as payment option and from there you can pay out of crypto you have with Paypal.
Paypal recently bought a crypto custody firm (Curv) which has a lot of different coins. I'm guessing they are integrating that with their online point of sale.
Paypal recently bought a crypto custody firm (Curv) which has a lot of different coins. I'm guessing they are integrating that with their online point of sale.
Posted on 3/30/21 at 10:30 am to Douglas Quaid
isn't that an asset transaction? how to you report that for your taxes? it's a rhetorical question of course.
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