Crypto currency (IF banned from CA)

[Death]

Does this mean I cam make a Joe Biden thread for banned CA lids?

 

[Wizard]

Again, im talking about crypto products. There seems to be some confusion about the difference with that and bitcoin.

You can doubt that "anyone is paid in bitcoin"...but they are. They are also paid in other coins...ive come across alot of companies in the space doing this..

Just on your 30 day payment...you know that if that example was used for say a Japanese company who agreed to pay a Norwegian entity upon receipt of Salmon...say every month then theres currency risk right?

Thats why theres alot of tech centred around corporate FX for hedging purposes.

If you hedge say USD/JPY in FX and in crypto then perhaps you could tell me what the difference is apart from a conversion?

I think the difference is that a tweet from Elon Musk won’t wipe 10% off the value of an actual fiat currency.

 

[Zatara]

ah yes, noted mega weirdo Elon Musk is involved, all is right with it then

He made 1 tweet the other day and wiped billions off the Goth currency.

I think the difference is that a tweet from Elon Musk won’t wipe 10% off the value of an actual fiat currency.

If you look into USDT a bit deeper then you'll see whats been going on in the market.

@Wizard note that i did say 'hedged' in my previous comment.

 

[DuuuncanHadaPigeon]

Its marketing...most of the crypto market is massively manipulated.




Depends how you define currency use when talking about bitcoin.

I mean, i agree that there are different coins which are used as a 'peg' to a FIAT currency which are used (and certainly thats not bitcoin).

But there are people are choosing to be paid in bitcoin.

Bitcoin was designed to replace cash and to be used as a currency for every day purchases.

This will never ever happen. Due to block size and transaction times it will literally never happen, hence why you have BCH and BSV which were forks to try and improve this.

Just because a tiny amount of people decide to get paid in BTC means nothing.

 

[Zatara]

Bitcoin was designed to replace cash and to be used as a currency for every day purchases.

This will never ever happen. Due to block size and transaction times it will literally never happen, hence why you have BCH and BSV which were forks to try and improve this.

[B][SIZE=6]Just because a tiny amount of people decide to get paid in BTC means nothing.[/SIZE][/B]

Yet this is what was being discussed.

 

[DuuuncanHadaPigeon]

Yet this is what was being discussed.

By who?

 

[Dylan]

I cant be botherd with that because if i loose my private key an screwed

seen something other day 70% or so keep there currency on the exchange

both have pros and cons

Crypto is inherently secure. Exchanges aren't. Exchanges can be hacked. There was an exchange that just disappeared overnight with hundreds of millions of peoples money.

Crypto is designed to be decentralized. So why keep trying to centralize it!

 

[Dylan]

The crypto weirdos get so defensive over their weird little make believe play money.

It's insane.

It would be like me explaining that CSGO is real life.

But, to be perfectly honest most money these days is make believe. Just numbers on my phonescreen that increase every two weeks, then magically decrease the following day when all the scheduled bills go out.

I almost never use cash anymore. Love it or hate it, crypto is here and it isn't going anywhere. It is the next evolution of money (amongst plenty of other things)

 

[DuuuncanHadaPigeon]

Crypto is inherently secure. Exchanges aren't. Exchanges can be hacked. There was an exchange that just disappeared overnight with hundreds of millions of peoples money.

Crypto is designed to be decentralized. So why keep trying to centralize it!

Exactly

 

[Moomin]

I honestly dont.

As you say, its just another form of stocks and shares, but there are people who actually think they are being all edgy cos its called something fancy like crypto coin or Dogecoin, its like they think they are some kind of Gordon Gekko Neo or something.

My eyes are like lazers lad.

 

[Goat]

But, to be perfectly honest most money these days is make believe. Just numbers on my phonescreen that increase every two weeks, then magically decrease the following day when all the scheduled bills go out.

I almost never use cash anymore. Love it or hate it, crypto is here and it isn't going anywhere. It is the next evolution of money (amongst plenty of other things)

Yeah but I can buy shopping with my other make-believe money.

 

[YoboCopter]

Still all dropping like a fly...

 

[Wizard]

Yeah but I can buy shopping with my other make-believe money.

I just tried to pay for a pint with Bitcoin and they said “no we won’t accept it as once it goes through you will have paid £4 for a £5 pint”.

So I just shouted “to the moon” at them and ran out the door, yoloing down the street

 

[LinekersLegs]

Jeez

 

[nikom court]

I just tried to pay for a pint with Bitcoin and they said “no we won’t accept it as once it goes through you will have paid £4 for a £5 pint”.

So I just shouted “to the moon” at them and ran out the door, yoloing down the street

that happened to me in turkey when the lira collapsed!