Plenty other cryptos work well for transacting at scale. Choose the right tool for the job. Crypto ecosystem is big enough to match your use case. And if for some reason you'll encounter any issue which is not solved already, it's easy to implement it on top of existing solutions. No hurdle of governments or bureaucracy. So, yes, really.
Cramer selling some bitcoin.
- Thread starter S2007S
- Start date
Plenty other cryptos work well for transacting at scale. Choose the right tool for the job. Crypto ecosystem is big enough to match your use case. And if for some reason you'll encounter any issue which is not solved already, it's easy to implement it on top of existing solutions. No hurdle of governments or bureaucracy. So, yes, really.
So, can you remind us then again what specifically bitcoin are good for if not for payments in a mass market with tens to hundreds of thousands of transactions per second?
Feel free to re-read again the post you've started replying to.
Thanks for agreeing that bitcoin are not working as mass payment system. Just wanted to reiterate that fact. I was just wondering what else they are then good for other than putting blind faith in that their value goes up, a value that is not measurable nor backed by anything but blind hope. We could as well speculate with rare tomatoes that don't spoil. Except tomatoes or other assets that equally don't provide any other benefits don't consume the same energy than multiple large nations combined.
Keep telling that to yourself if that makes you feel better.
Edit: with regards to second part of your post - you clearly do not understand it. Try to educate yourself first before going into an argument. Otherwise you look like an idiot.
Right, truth is that bitcoin are exactly as I described. Their value is tied to nothing but pure hope.
It didn't seem notable at the time so I didn't post about it. I have a decent amount of crypto but it takes a back burner since most of my active trading is in leveraged ETF options and futures. The upshot is even when I make a larger than usual crypto trade (for me) it doesn't feel as significant as a much smaller trade in the other stuff. It's not rational and I'm working on changing that.
It was 1/4 actually.
Like I mentioned above, my apathy toward crypto in spite of the numbers in my own account isn't rational. Cramer sold his coins around the same time I sold mine so I decided to chime in not just as part of the discussion but also to put something in writing aligning with the efforts to add emphasis to crypto in my own mind.
;-)
Yep of course, because it is you who has studied economics, financial analytics, and financial engineering in college and grad school, and who worked for many years as trader at sell side bank trading desks and hedge funds in prop trading capacity. You are a fool.
I don't know anyone from hedge fund / prop shop setting so uneducated in the system and blindly trusting government on printing. You are a fool, a liar, or both. Let me know if you'll have anything valuable to bring into the discussion.