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Started By
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re: Official CryptoTalk Thread
Posted on 5/18/21 at 12:17 pm to 21JumpStreet
Posted on 5/18/21 at 12:17 pm to 21JumpStreet
quote:
All starting to feel like a pyramid scheme
It will be like a pyramid scheme unless they figure out a way for masses of people to actually start using it and also ensure that gas fees are cheaper than normal bank transaction costs.
At the moment that is NOT happening soon, but on the bright side we aren't on the bottom of the pyramid. There's still a lot of institutional adoption and speculative investment that will happen.
1
Posted on 5/18/21 at 12:19 pm to rocket31
quote:you can swap directly from usd to usdc if you use the desktop version of coinbase pro. For whatever reason, you can’t do it on the app (or at least I haven’t figured out how)
yea you'll need to go usd - tether - usdc - blockfi
not sure on current fees
Posted on 5/18/21 at 12:21 pm to BeepNode
The pyramid is deconstructed and rebuilt every 4 years anyway.
Just don’t get caught without a chair when the music stops and there’s always a chance for next time, just not as big of gains unless you find that cycles “doge”.
Just don’t get caught without a chair when the music stops and there’s always a chance for next time, just not as big of gains unless you find that cycles “doge”.
This post was edited on 5/18/21 at 12:21 pm
Posted on 5/18/21 at 12:27 pm to OneMoreTime
ha. i'm not surprised 
coinbase pro could be so much better but that's great info
coinbase pro could be so much better but that's great infoPosted on 5/18/21 at 12:38 pm to Tiguar
yea in the next liquidity crisis people are going straight to dollars and then we crash again
the market is just not sophisticated enough imo
the market is just not sophisticated enough imo
Posted on 5/18/21 at 12:53 pm to rocket31
Ethereum is straight trash, imo. Mine is pretty much locked up because the transaction costs are so high. Even going from one Ethereum wallet to another has ridiculous fees.
I tried to pay for something with Ethereum that was $5 and the lowest fee it would give me was $9. lol no thanks.
Edit: Just tried to convert Eth to ELON and it's laughably impossible. $90 transaction fees on a $5 transaction.
I tried to pay for something with Ethereum that was $5 and the lowest fee it would give me was $9. lol no thanks.
Edit: Just tried to convert Eth to ELON and it's laughably impossible. $90 transaction fees on a $5 transaction.
This post was edited on 5/18/21 at 1:07 pm
Posted on 5/18/21 at 12:58 pm to BeepNode
Loving the crypto is dead vibe this thread is giving off. Time for people to dump the dog coins , memes, and moon crap and consolidate into real projects. This is why Link thrives during a bear market
This post was edited on 5/18/21 at 12:59 pm
Posted on 5/18/21 at 1:04 pm to BeepNode
quote:
I tried to pay for something with Ethereum that was $5 and the lowest fee it would give me was $9. lol no thanks.
Cardano is releasing a ERC20 converter. I am interested to see if it cuts fees and how it works.
LINK Skip to the 5 min mark.
There are other ETH forks that cut fees but this will be interesting to follow.
This post was edited on 5/18/21 at 1:05 pm
Posted on 5/18/21 at 1:13 pm to JayDeerTay84
Gen z at 23% meme investments.
Posted on 5/18/21 at 1:14 pm to BeepNode
quote:
Ethereum is straight trash for retail investors
Fify
The gas is caused by high demand. There is still tons of pent up demand for block space.
The longer the gas issues go on, though, the more ground ETH will lose.
Posted on 5/18/21 at 1:17 pm to JayDeerTay84
quote:
Cardano is releasing a ERC20 converter.
Eth is about to be fixed through Arbitrum. No néw blockchain, no token needed, reduce gas costs significantly and allow for scaling
Posted on 5/18/21 at 1:18 pm to Hulkklogan
Crypto will not be a good deal for long-term investors if people can't use it for transactions. I think maybe we are missing the point of cryptocurrency.
Posted on 5/18/21 at 1:20 pm to BeepNode
quote:
point of cryptocurrency.
Is blockchain technology and distributed ledgers. People have lost focus with the Doge coins and btc being accepted by tesla. We have venmo, cash app, and numerous other stable coins to send a few dollars back and forth. The focus is digital settlement through the use of smart contracts
Posted on 5/18/21 at 1:26 pm to CE Tiger
Why wouldnt/couldn't corporations build blockchains with smart contracts for only them to use?
Posted on 5/18/21 at 1:30 pm to 21JumpStreet
It’s no longer distributed and centralized to that corporation
Posted on 5/18/21 at 1:31 pm to 21JumpStreet
:sigh:
Posted on 5/18/21 at 1:32 pm to CE Tiger
I know a lot of people like BNB for all the financial incentives the exchange offers, but has anyone tried out KCS coin to hold it on kucoin for the divdend rewards? I put a small amount in to test it out.
Posted on 5/18/21 at 1:35 pm to civilag08
And just like that Chainlink throws up a blog post explaining it.
Hybrid Smart Contracts Explained
quote:
Hybrid smart contracts combine code running on the blockchain (on-chain) with data and computation from outside the blockchain (off-chain) provided by Decentralized Oracle Networks. Hybrid smart contracts enable advanced forms of economic and social coordination that have the tamper-proof and immutable properties of blockchains yet leverage secure off-chain oracle services to attain new capabilities, such as scalability, confidentiality, order fairness, and connectivity to any real-world data source or system.
Hybrid Smart Contracts Explained
Posted on 5/18/21 at 1:46 pm to CE Tiger
And ERC20 converter has much more uses than gas fees though.
This post was edited on 5/18/21 at 2:01 pm
Posted on 5/18/21 at 1:48 pm to CE Tiger
It seems like most corporations would trust a permissioned blockchain via a 3rd party like ibm blockchain vs a public one.
Or maybe a consortium blockchain would be better?
Or maybe a consortium blockchain would be better?
This post was edited on 5/18/21 at 2:07 pm
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