Obviously NFTs. At least cryptos have some usefulness.
But I digress, NFTs are useful too. They separate an idiot and his money.
VanEck says Bitcoin could hit $4.8M if it became the global reserve asset
- Thread starter johnarb
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Obviously NFTs. At least cryptos have some usefulness.
But I digress, NFTs are useful too. They separate an idiot and his money.
In India, you cannot pay anyone in Bitcoin. It is used mainly for speculation purposes. India started developing Central Bank backed digital currency, which they want to call "Digital Rupee".
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Forgive me for my lack of knowledge. Today BTC miners are keeping those ledgers because they get paid for. But, I heard that only limited BTC can be mined. Now, if that is exhausted, who is going to keep those blockchain ledgers?
Is this question too dumb? I don't know.
Maybe I should read one of those books mentioned here to understand BTC.
Is this question too dumb? I don't know.
Maybe I should read one of those books mentioned here to understand BTC.
Thanks for the info
Obviously NFTs. At least cryptos have some usefulness.
But I digress, NFTs are useful too. They separate an idiot and his money.
You meant "At least Bitcoin has some usefullness" since NFT's are also cryptos
I actually had NFT's before the Bored Ape but this is the biggest $ purchase
As far as parting the idiot and his money, hodlers of Bored Ape NFT's have received airdrops, the last one is worth $130K, and the 2 other airdrops are worth $25K and $81K, respectively
I can always sell the Bored Ape to a bigger idiot, but perhaps, we're not idiots if we get future airdrops and the ones calling us idiots are the real idiots?
The Bitcoin miners have mined 19M bitcoins so far and the last 2M bitcoins will be completely mined around the year 2140
After that, the Bitcoin miners will only get the transaction fees
Currently, the block reward for solving a Bitcoin block is 6.25 bitcoins and it will be cut in half approximately every 4 years (halving)
Here's the latest Bitcoin block details and you can see the block reward and the transaction fees being paid to the Bitcoin miner that solved the block
https://www.blockchain.com/btc/bloc...8a30c9b5ec5679b68a139aab4d5fb5f7a7cc893670921
Bollocks??
Try to move dollars from a Canadian US dollar account to someone in the US. Got a friend in the US? Send him 10 bucks.
I have the problem solved but it's a work around. Nothing easy. I have a US dollar credit card for online purchases. The problem is peer to peer, which crypto solves.(Well not really because you have to convert back to fiat to spend it in most places)
I did so with a TD USD account. Where exactly did you get stuck?
Bollocks??
Try to move dollars from a Canadian US dollar account to someone in the US. Got a friend in the US? Send him 10 bucks.
I have the problem solved but it's a work around. Nothing easy. I have a US dollar credit card for online purchases. The problem is peer to peer, which crypto solves.(Well not really because you have to convert back to fiat to spend it in most places)
Who sets up those rules and decides on when halving occurs or that it occurs in the first place? Who sets the block rewards and how is the reward exactly determined in a transparent way?
I got stuck moving money peer to peer. I sent a cheque drawn on a BMO US dollar account to my landlady in the US. Her bank wouldn't cash the cheque. In order to cash the cheque they would have sent it to collections and charged her a fee. ($50 I think). I couldn't sent an interac e-transfer. (only available in Canada at the time). I finally ate the fee and went with paypal.
How did TD handle it?