Can cryptocurrency go mainstream?
- Thread starter morris
- Start date
that's the plan
the bossman
Superstar
Ask the breh @Xyrax how he did it. Bought home and paid off student loans
Scustin Bieburr
Baby baybee baybee UUUGH
Its no more a scam than a stock market. Currency isn't real, it's just something we made up. The paper in your wallet is only valuable because enough people agree that it is.
The people with a lot of money already know that it's all a matter of finesse and that so long as you're at the right place at the right time with enough luck, you can make serious dollars off whatever thing is out.
Millionaires invested in the web when it started getting into the main stream and they flipped their resource stocks into tech stocks, made a killing off some websites and sold at the right time. They're doing the same thing with crypto and NFT.
The people with a lot of money already know that it's all a matter of finesse and that so long as you're at the right place at the right time with enough luck, you can make serious dollars off whatever thing is out.
Millionaires invested in the web when it started getting into the main stream and they flipped their resource stocks into tech stocks, made a killing off some websites and sold at the right time. They're doing the same thing with crypto and NFT.
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crypto has extra scammy ..
more concentration in the hands of fewer
power to retrspectively change the rules
no authority to protect against market manipulation
opaque / unknown actors
buggy software
unsupervised actors meaning people who don't understand it .. use it
zero tolerance of errors
immature systems
high fees
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crypto is like the banking system was 300 years ago
We found him!some yall nikkas have no clue where the world is headed
You can buy homes using crypto today.
Movie tickets, flights, eat at restaurants.
Mastercard and Visa are both integrating crypto into their platforms for payment options.
Credit-card giants aren't waiting to be disrupted when it comes to crypto | Financial Post
Shopify just integrated bitcoin as a payment option for their 2 million+ merchants around the world
Strike, Shopify to Allow Bitcoin Payments
Everyday more & more companies are accepting crypto as payment. It won't take but a few years til you see Apple Pay or Amazon hopping on board.
Still think crypto is a fad brehs. Imagine Mastercard and Visa spending the time and resources to integrate something that's just an edgy fad. How can you be this slow
I suggest you try it yourself, download natrium and head to a faucet to get some free, send it back and forth to yourself or if you have a friend. You’ll see it’s speed and understand for a crypto to really take over using a card it will have to be nano or mimic it. Nobody wants to wait for a purchase to go through and these layer two solutions aren’t it. Plus I don’t want to pay any fees personally and would rather have my free credit card and the security that comes with it vs using a crypto just to say that I am. Fiat isn’t going aerífera crypto takes off they will live together as each has its on benefits.
I’m not saying go buy this shyt, lots of variables still and crypto is the wild Wild West. You can lose your money on anything right now as the market isn’t rational and people are looking for memes or to become millionaires overnight. If you believe in crypto spread your bets.
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I use my crypto.com or my bitpay cards to buy shyt with crypto. Just waiting to get the new ledger
They solved the speed issues by taking the blockchain and making it lighter by using the block lattice, essentially everyone has their own blockchain, so your transactions go through in under a second for full confirmation.talking LOUDER and still saying nothing
how have they solved the problem?
They solved the fees with block lattice and replacing mining with open representatives voting to confirm transactions. These two make it extremely light weight and energy efficient, the network could run on a windmill for those who care about the environment. So cost are extremely low.
like I said download Natrium, head to a faucet get some .00001 of free nano and send it to a friend that is next to you then come and tell me if Bitcoin ran and functioned like nano we wouldn’t already have Bitcoin accepted everywhere. Bitcoin is the big dog and it’s name recognition is keeping crypto alive, but it will never be really used as currency as it’s tech is too old and slow.
It's similar to your brokerage. Think of crypto like securities. How do you sell your GOOG stock to buy a house with the profits? You sell the stock to Cash, then you wire the cash (or ACH but its slower) to your bank, then you handle your business. There's no weird long waiting periods or issues. Wire transfers show up in under 30 minutes.
On the flip side you can choose to buy something directly with crypto bypassing cash altogether if the seller accepts it. Then you just use wallet transfers. So you don't need cash at all if the seller accepts crypto. For smaller purchases like everyday groceries/gas etc, you can just use a Crypto card which lets you pay with your crypto directly by just using a VISA. This method is the simplest, but of course you aren't going to make large ~600k purchases with a crypto card.
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ok. but if trasactions are not pre-reserved then separate sub-blockchains makes no difference as the bottleneck is not the technical system but rather the computational power. separating the technical layer into separate chains does not increase the processing power of the entire system and so the sum power of entire network remains the same. and hence the capacity remains the same.
or am I missing something here?
open representatives.. i.e. trusted or random or private?
this sounds like sharding and segwit to me, which are already out there to varying degrees. ETH sharding is out there I guess. haven't been watching. isn't segwit already availabkle on BTC/ETH?
private solutions (are of course) faster because they can be "trusted" ... that is until they can't.
there is no load on teh network so of course it is faster and transactions are cheaper. if nodes are trusted/private then that too. just like on BSC.
i can't see anything new here and what they propose is not a solution to everyday use as currency. pre-reserving limits access to funds. private/trusted notes means not public, not peer-to-peer trustless.
Look bro none of that shyt you saying is accurate when it comes to Nano pre reserves and all that shot doesn’t apply, I have deadlines and shyt to meet so I’m not about to do a research project for you to counter some of your assumption, go use that shyt if you think it’s dope do research on the tech and how they accomplish it. If not then dead it.
I think it’s dope, and it or something that mimics it will take over if a cryptoCURRENCY gets real life adoption in 5-10 years (where it’s a part of our real everyday lives globally), but I’m not pushing folks to buy it, those who are really interested in the tech instead of charts will enjoy it and see the potential. Those who think they will become a millionaire based off a YouTube will probably not get it. That’s cool too. So do you bro, I led you to the path, if you walk on it or not is up yo you. Go read the white paper, then go test that shyt. If you don’t
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You said this
then when asked to explain / justify you conclude this ..
I am asking YOU to justify YOUR assertion that they have solves "bitcoin's issues".
and ............ "he's gone !!!"
You just can't explain it.
Then may well have "solved BTC's" problems but you don't know how, why or even if it is true
then when asked to explain / justify you conclude this ..
I am asking YOU to justify YOUR assertion that they have solves "bitcoin's issues".
and ............ "he's gone !!!"
You just can't explain it.
Then may well have "solved BTC's" problems but you don't know how, why or even if it is true