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re: Official CryptoTalk Thread

Posted on 2/28/22 at 4:03 pm to
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/28/22 at 4:03 pm to
all they really wanna do is kyc wallets

having a public ledger where they can't track all transactions is highly useful for them but they need a way for our wallets to not be anon
Posted by Powerman
Member since Jan 2004
170898 posts
Posted on 2/28/22 at 4:05 pm to
I don't plan on using it as a currency anytime in the near future

And he might have some sort of point with all of that

I'm just using it as an investment vehicle
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/28/22 at 4:23 pm to
no he has zero point

when any currency collapses, the stocks, bonds, & real estate linked to that currency also collapse.

fiat is the riskiest thing you can hold. just ask Argentina or Russia etc etc
This post was edited on 2/28/22 at 4:26 pm
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/28/22 at 4:33 pm to
I’m with you that they’ll want to KYC wallets but I don’t think there will ever be enforcement with teeth on that, at least not with hardware wallets. It seems unenforceable for those that just don’t want to KYC when all you need to do is download Bitcoin code and run a node to make a new wallet.

For those that want to take the Saylor approach and borrow against BTC, KYC is obviously required and you shouldn’t really care anyway.
This post was edited on 2/28/22 at 4:35 pm
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/28/22 at 4:35 pm to
quote:

fiat is the riskiest thing you can hold. just ask Argentina or Russia etc etc


ask the 25 year olds saving dollars and renting in the hopes they’ll one day save enough to buy a house

they are completely screwed
Posted by TigerDeBaiter
Member since Dec 2010
10677 posts
Posted on 2/28/22 at 4:39 pm to
Woah, what a daily candle
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/28/22 at 4:40 pm to
somebody just spent a frick load of money
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/28/22 at 4:43 pm to
all truth.

Bitcoin should be risk-off, fiat is risk-on

5-10 years before that becomes general consensus?.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/28/22 at 4:44 pm to
shiiiit which exchange were the buys coming from
This post was edited on 2/28/22 at 4:45 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/28/22 at 4:51 pm to
BTC/rub chart is fascinating
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13422 posts
Posted on 2/28/22 at 5:05 pm to
quote:

5-10 years before that becomes general consensus?.

Three months ago I would have said yes but with Canada and Russia the speed is picking up
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 3/1/22 at 6:43 am to
quote:

But my fear is their competition (fed) will seize on the opportunity to poo poo on it.


I have zero doubt of that
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/1/22 at 7:54 am to
Luna almost up 95% in 10 days

there was a Safemooner dunking on it a month ago itt. brutal to see
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17284 posts
Posted on 3/1/22 at 9:33 am to
quote:


Luna almost up 95% in 10 days


Loving it
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 3/1/22 at 11:53 am to
Gonna pass up xrp soon. Thinking of swapping all my bnb into luna now
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5530 posts
Posted on 3/1/22 at 8:16 pm to
Gemini is offering 4.29 APR on Solano now. It takes about a week to cancel staking and get your money from my experience there.

All of my Sol is in Coinbase pro though, so I'm looking at 3% to get it moved over, unless the fee is less moving it to external storage, then to Gemini. Does anyone know off hand if its the same 1.5 to do it this way on Coinbase?
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 3/1/22 at 9:32 pm to
Luna is #2 tvl in defi. But subsidies into anchor is responsible for a lot of it. I think the bitcoin buy backing ust was good advertising.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 3/2/22 at 6:58 am to
Threw about 900 ftm into the Oath (reaper farm) token on fantom in the presale, it’s up abt 3x from my buy in.

Anyone else jump in after I mentioned it?
Posted by BottomlandBrew
Member since Aug 2010
29384 posts
Posted on 3/2/22 at 11:08 am to
I'm trying not to get ahead of myself here, but it seems BTC is holding up very well for it's intended purpose during all of this Ukraine/Russia mess. It was selling for a premium in Russia late last week. It also allowed for Russian and Ukrainian citizens to store value and move money around while their banking systems were closed and/or collapsing. Yeah, there are the issues of skirting sanctions for the oligarchs and Russian government, but it is also helping to maintain the value of the common citizen's savings in a time of crisis. It's a shame that the common Russian is getting fricked, but at least something like BTC is there to help out, assuming you planned ahead.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 3/2/22 at 11:47 am to
also people have always worried about what happens if the internet gets taken out in something like a cyberattack or actual physical attack targeting internet service provider infrastructure, but with Ukraine getting Starlink we’ve seen this concern mitigated

also things like OpenDime exist to allow for Bitcoin to assume physical form and be sent/given without the internet needed.

I think Canada and Russia have given crypto advocates a lot of bullish ammunition
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