correct. We do not know the future. Can Bitcoin go to 0, sure it can (unlikely of course). Can tether implode, oh yeah it can. Then you will see how many people with get stuck with it.
Crypto: Interesting numbers...
- Thread starter johnarb
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correct. We do not know the future. Can Bitcoin go to 0, sure it can (unlikely of course). Can tether implode, oh yeah it can. Then you will see how many people with get stuck with it.
In truth, BTC no longer has a chance to go to zero, because there is too much money in it at this point. It has a momo all it's own.
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agree unlikely, but not impossible.
It's a distributed ledger. Current financial system is nothing but bank controlled ledgers.
Blockchain tech, at the core, is about eliminating middlemen.
You know those middle office and back office departments at major IBs? Clearing & settling trades and all that? All are replaced by blockchain in crypto.
JP Morgan even did a study on this in 2015.
Also, gaming. Axies Infinity is a great example. No more need for greedy publishers.
Correct me if I am wrong, but once the last Bitcoin is mined, the miners are supposed to be making money by charging transaction fees. Currently, I enjoy the fact that my money is insured and the burden of securing access to my money falls on the institution.
The idea was to liberate money from the tyranny of fiscally irresponsible governments, but it doesn’t look like we are moving in that direction. Are we?
LOL of course not. Bitcoin has changed its narrative like 5 times already. All that libertarian bullsh*t that was heavily shilled by Max Keiser is just bullsh*t & marketing. Don't believe the hype.
USD rules the world and it rules crypto.
Im talking specifically about the distributed ledger technology aka blockchain aka crypto, which you need to separate from Bitcoin. The tech does have major value and will change how we do business across the landscape.
Just like internet changed how we do business & even live our lives.
Oh, no doubt the tech is here to stay. You replied to my comment regarding BTC or any other crypto currency. Outside of illegal activities and speculation, I don’t see a need for it (at least if you are US citizen)
There is def something valuable in DeFi. Decentralized Borrowing/Lending run by code is revolutionary and creates major value. Unless you prefer to have middlemen, and hence, friction, in the process, that takes a significant cut of the spread.
Well, you still talking about the tech which we agree. BTW, I remember a while back everyone was so excited about peer to peer lending via Prosper.com I lended some money and … they are gone
Well, you still talking about the tech which we agree. BTW, I remember a while back everyone was so excited about peer to peer lending via Prosper.com I lended some money and … they are gone
Uniswap, AAVE and the similar protocols. They exist, they have tokens, which may or may not actually be necessary, but people are happy to own a piece of the project. Which sometimes comes with revenue share, as well as collateralization.
You can also look at Celsius network, which is a centralized solution, but has the best borrowing options in Crypto.
Proper.com is run by an office, DeFi is run by code. Critical difference.