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rocket31
Toledo Fan
Member since Jan 2008
38170 posts

re: Official CryptoTalk Thread
its $35k after the first country adopted it as legal tender

name a better risk/reward scenerio...ever

as was mentioned long ago, LN being succesful also makes thousands of alt coins irrelevant



maclauer
LSU Fan
Member since Nov 2011
4735 posts

re: Official CryptoTalk Thread
quote:


Doesn’t South American usually get the antiquated leftovers? Just saying. Might not be a long term bullish thing for that to be your first mainstream adopters. Could pave the way for ethereum to take over

The interesting thing about bitcoin is that it’s always had a kingdom upside down feel to it. The first adopters were nerds, magic the gathering types, drug dealers, degenerate gamblers, etc.


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Ronaldo Burgundiaz
Arkansas Fan
NWA
Member since Jan 2012
3985 posts

re: Official CryptoTalk Thread
quote:

LN being succesful also makes thousands of alt coins irrelevant
Is lightning network a success? Feels like it has been around forever, and its a pain in the arse to use.


ETA: Say I go into a coffee shop in El Salvador - who pays for opening/closing of lightning channels?
This post was edited on 6/9 at 10:37 am


rocket31
Toledo Fan
Member since Jan 2008
38170 posts

re: Official CryptoTalk Thread
I mean download the strike app and use it

it's no more difficult than venmo.


alpinetiger
Utah Fan
Salt Lake City
Member since Apr 2017
2175 posts

re: Official CryptoTalk Thread
quote:

they've been setting up the infrastructure for years with bitcoin beach and yea most of the citizens do have cell phones.

the strike app is the most popular app in El Salvador, for example

not saying the transition is going to be smooth but it's been happening for awhile now

This is happening for the unbanked in Africa as well. The fees for maintaining a bank account in most African countries can reach up to 50% of the account balance. They're also very inconvenient. M-Pesa (Vodaphone payments via SMS) has been the standard for many years, but there's still a conversion to fiat that has to be made (for the cell phone business for example) when the vendors have to buy cell phones from suppliers to sell to individual customers. Many of the suppliers do accept Bitcoin as payment, so the vendors are staying native in Bitcoin. I haven't looked in about a year, but the Bitcoin adoption/usage in many countries in Africa was damn near a j-curve at one point.

Bitcoin: “Gradually, then suddenly.” - Hemingway
This post was edited on 6/9 at 10:54 am


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Ronaldo Burgundiaz
Arkansas Fan
NWA
Member since Jan 2012
3985 posts

re: Official CryptoTalk Thread
My beef with Strike is that it is custodial.


rocket31
Toledo Fan
Member since Jan 2008
38170 posts

re: Official CryptoTalk Thread
use Phoenix app or breeze tech or bitcoinlw or inzap if you want non-custodial

lightning works... that's the overall point

This post was edited on 6/9 at 10:57 am


maclauer
LSU Fan
Member since Nov 2011
4735 posts

re: Official CryptoTalk Thread
Just realizing it’s 6/9 and there was no doge meme hype coming into today. Not a good look for a meme coin imo


rocket31
Toledo Fan
Member since Jan 2008
38170 posts

re: Official CryptoTalk Thread
papa Elon has in house Tesla problems too

watching this unfold is going to be interesting


rocket31
Toledo Fan
Member since Jan 2008
38170 posts

re: Official CryptoTalk Thread
jack Mallers on cnbc LINK


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Honest Tune
LSU Fan
Bucktown, La
Member since Dec 2011
8892 posts

re: Official CryptoTalk Thread
quote:

Just realizing it’s 6/9 and there was no doge meme hype coming into today. Not a good look for a meme coin imo


DOGE is transitioning to a legit coin, Elon has been working with developers, we’re taking it to the next level!!


rocket31
Toledo Fan
Member since Jan 2008
38170 posts

re: Official CryptoTalk Thread
lol

it's not surprising we get some more china FUD today


Honest Tune
LSU Fan
Bucktown, La
Member since Dec 2011
8892 posts

re: Official CryptoTalk Thread
Ha I was pretty much joking but I would love a good bump soon on that .33 cents if Elon could crank out a tweet or something.


rocket31
Toledo Fan
Member since Jan 2008
38170 posts

re: Official CryptoTalk Thread
he's really put himself into a precarious position as the defacto ceo of doge

Tesla seems to be breaking up from the inside so I'm sure his attention is elsewhere at the moment


Honest Tune
LSU Fan
Bucktown, La
Member since Dec 2011
8892 posts

re: Official CryptoTalk Thread
quote:

he's really put himself into a precarious position as the defacto ceo of doge


Yea he definitely has!

Related: the Winn Dixie at Lake/Vets just installed a fancy looking area for charging Tesla’s.


rocket31
Toledo Fan
Member since Jan 2008
38170 posts

re: Official CryptoTalk Thread
whoa. I'm going the Ford route. I'm thinking sleepy Joe is going to give some rebates/incentives for EV purchasing


Honest Tune
LSU Fan
Bucktown, La
Member since Dec 2011
8892 posts

re: Official CryptoTalk Thread
quote:

Ford


Solid choice! I’ve got three different Ford trucks in my driveway, nothing electric yet. Got an 85 bronco that would prolly run on Popeye’s grease though.


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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
77264 posts

re: Official CryptoTalk Thread
quote:

Elon has been working with developers


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Ross
Auburn Fan
Member since Oct 2007
44248 posts

re: Official CryptoTalk Thread
quote:

yup. if bitcoin wins, ethereum/defi will win too


I can only get so erect


rocket31
Toledo Fan
Member since Jan 2008
38170 posts

re: Official CryptoTalk Thread
El presidente is setting up volcano mining

LINK


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