I don't want to HODL but I like crypto

Mazedonia said:
My point was that other than a grand idea trying to implement any of that is nothing but an illusion at this point. It sure makes for volatile trading but using any of those concepts in the real world and for doing business is wishing pain upon you.
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It's only a pain if you don't know what you're getting into. For someone who is trying to collect Bitcoin and knows the risks this is an easy way to accumulate, and it can also be very rewarding in the right conditions.

But what the poster was talking about was selling Peer to Peer Bitcoin trading. And yes, there is a way to sell it even with volatility. Which can still be risky. But there are many successful businesses doing it, otherwise these websites that allow P2P Bitcoin trading would never exist.
 
Incorrect. What OP was asking for was accepting crypto for a real business. In the same way that nobody could explain in simple terms how DAO can enforce contracts nobody here can explain in simple terms how to integrate a crypto payments processor and all its implications in the real world in a real business. It appears more and more to me that there is a bunch of dreamers sitting around who just can't explain to anyone on the outside how things integrate and work in real life most likely because they don't know themselves. The concepts all sound great but there is simply no proof of concept in existence. Hacky is the best term I can find that describes this. Dreaming is not bad and we need dreamers but pretending that the concepts and ideas are mature enough to make it into any real world business applications is pretentious and unproven. In the entire history of human kind the concept "if you can't explain a complex concept in simple terms then you probably have not understood it yourself" has held true.

Trader Curt said:
It's only a pain if you don't know what you're getting into. For someone who is trying to collect Bitcoin and knows the risks this is an easy way to accumulate, and it can also be very rewarding in the right conditions.

But what the poster was talking about was selling Peer to Peer Bitcoin trading. And yes, there is a way to sell it even with volatility. Which can still be risky. But there are many successful businesses doing it, otherwise these websites that allow P2P Bitcoin trading would never exist.
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Mazedonia said:
Incorrect. What OP was asking for was accepting crypto for a real business.
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No he wasn't, if you read his post he was talking about trading stablecoins. And even that is a real business...


Mazedonia said:
In the same way that nobody could explain in simple terms how DAO can enforce contracts nobody here can explain in simple terms how to integrate a crypto payments processor and all its implications in the real world in a real business. It appears more and more to me that there is a bunch of dreamers sitting around who just can't explain to anyone on the outside how things integrate and work in real life most likely because they don't know themselves. The concepts all sound great but there is simply no proof of concept in existence. Hacky is the best term I can find that describes this.
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I don't understand what you don't understand about it. It's very simple. If you already had multiple people try to explain this to you when you could just look it up yourself to see what they are talking about then maybe you have a hard time comprehending a simple explaination. Again, not trying to treat you like an idiot, but you do know how to use google right? You know how to type words and look up words you can't spell right? Because if you already know the answer to the questions you're asking, then what are you doing asking them? Just because someone doesn't explain every little detail to you like a little baby doesn't mean they don't know what they are talking about. And this is just the way normal life conversations work, how old are you?

But to answer your question the best way I know how.
A DAO is a coin that can enforce contracts through agreements between it's selected members or even the majority of selected members. I don't know what coin you are referring to or what each individual coins rules already are, but that's generally how a DAO works. And if you think I don't know 100% of what I'm talking about then you're right, because I really don't know 100% of each individual crypto. Because I am not a selected member of any crypto currency, nor do I know every single rule each individual coin has. So I don't know 100% of every rule and detail of how every crypto coin DAO works, but I know the general idea and that's enough for me to comprehend. So I'm sorry if you can't comprehend that, better luck next time.
 
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You perfectly made my point. You dabbled around the definition of DAO (which I never asked for) but completely ignored my main point: how are those contracts enforced.

Same with your first answer to OP's question. It apparently takes a million steps, reseller licenses and BEP2 and ERC20 and there are high transaction costs involved to transfer from one to another coin and competing backbones and networks. Not dizzy yet?

I made my point. The marketing gibberish sounds promising. But the devil is in the detail. Hardly any digital contracts are enforceable as of today. Transaction costs for cryptos in most cases by far exceed the transaction cost to exchange fiat. The networks are anything but safe from hacking. It's a wild west and far from ready to be used by any serious business. That 0.23% of all bitcoin owners control more than 90% of the current aggregate bitcoin value says it all, I bet similar statistics apply to all other cryptos. My entire point is that it's way too early to take any of this crypto space serious. The only entities in real life that apparently take the crypto space serious are regulators and central banks. When western Central banks and the Bank of International Settlements agree on centrally issued digital currency then its light off for this entire space.

Trader Curt said:
No he wasn't, if you read his post he was talking about trading stablecoins. And even that is a real business...




I don't understand what you don't understand about it. It's very simple. If you already had multiple people try to explain this to you when you could just look it up yourself to see what they are talking about then maybe you have a hard time comprehending a simple explaination. Again, not trying to treat you like an idiot, but you do know how to use google right? You know how to type words and look up words you can't spell right? Because if you already know the answer to the questions you're asking, then what are you doing asking them? Just because someone doesn't explain every little detail to you like a little baby doesn't mean they don't know what they are talking about. And this is just the way normal life conversations work, how old are you?

But to answer your question the best way I know how.
A DAO is a coin that can enforce contracts through agreements between it's selected members or even the majority of selected members. I don't know what coin you are referring to or what each individual coins rules already are, but that's generally how a DAO works. And if you think I don't know 100% of what I'm talking about then you're right, because I really don't know 100% of each individual crypto. Because I am not a selected member of any crypto currency, nor do I know every single rule each individual coin has. So I don't know 100% of every rule and detail of how every crypto coin DAO works, but I know the general idea and that's enough for me to comprehend. So I'm sorry if you can't comprehend that, better luck next time.
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Mazedonia said:
You perfectly made my point. You dabbled around the definition of DAO (which I never asked for) but completely ignored my main point: how are those contracts enforced.
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Then re read my post again until you understand the meaning of what I was saying, because I made it perfectly clear how a DAO works, and also explains how contracts are enforced. Clear as day, and you can't comprehend that, or have the mind to use Google so you can comprehend. No offense but it's almost as if I am talking to a retard...

Mazedonia said:
Same with your first answer to OP's question. It apparently takes a million steps, reseller licenses and BEP2 and ERC20 and there are high transaction costs involved to transfer from one to another coin and competing backbones and networks.
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BEP2 is 2.5 cents a transaction. Again, you have no idea what you are talking about..

Mazedonia said:
I made my point. The marketing gibberish sounds promising. But the devil is in the detail. Hardly any digital contracts are enforceable as of today. Transaction costs for cryptos in most cases by far exceed the transaction cost to exchange fiat. The networks are anything but safe from hacking. It's a wild west and far from ready to be used by any serious business. That 0.23% of all bitcoin owners control more than 90% of the current aggregate bitcoin value says it all, I bet similar statistics apply to all other cryptos. My entire point is that it's way too early to take any of this crypto space serious. The only entities in real life that apparently take the crypto space serious are regulators and central banks. When western Central banks and the Bank of International Settlements agree on centrally issued digital currency then its light off for this entire space.
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I never asked for your opinion.
 
I realize that now, thanks. I made my point and don't mind disagreeing or have others disagree. It's perfectly apparent that some are pure shills and either know perfectly well that what they are claiming is nonsense or they have no clue what they are talking about in the first place.

Nobert said:
It's better to give up on this one when it comes to crypto in here.
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Mazedonia said:
I realize that now, thanks. I made my point and don't mind disagreeing or have others disagree. It's perfectly apparent that some are pure shills and either know perfectly well that what they are claiming is nonsense or they have no clue what they are talking about in the first place.
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Amen :)
 
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