Mar 28, 2021·1 reply
Sand ManBitcoin eradicates the need for a middle man - like a financial institution, PayPal, CashApp, etc. for transactions.
This is what people mean when they say "decentralized." Nobody can freeze your account. Nobody charges a fee for transactions.
but there are fees for bitcoin....
And they;re really high
- Mar 28, 2021Jason
Not to step on what someone else may reply with, but the concepts of crypto and the block chain have absolutely been co-opted (if not outright created/propped up) by the Banking system. The same dark scary forces who decide the USD is no longer going to reign supreme are probably capable of jerking crypto holders around as violently as they please through legislation or manipulation of BTC. They just won't (or it'll be less severe & more nuanced/strategic), because this is indeed the tech they want to use everywhere moving forward. But I don't for one second buy this idea that investing into crypto is somehow a big "fuck you" to the Man. That, to me, is delusional
The same corporations and funds that were screaming don't buy bitcoin for years already had a bunch bought lol
- Mar 28, 2021·1 replyCGodJr
but there are fees for bitcoin....
And they;re really high
high is relative
Anyway low fee transactions are why projects like XLM exist
- Mar 28, 2021·1 reply
black hedi slimanethank you bro. everyone so far has given me vague bits of info that i already know or have heard elsewhere
i do not see a future where block chains are not governed by some sort of financial or government institution. not a future i wanna see, not even saying it’s guaranteed, but it’s the only thing i see coming
i do not in anyway comprehend how this can be seen as “anti establishment”
bro, why are people so scared of governance or regulation unless it's a corrupt country. This is confusing to me, unless you're a criminal what is there to hide. It's so easy to lose your money or get scammed in crypto. You can mistype one letter when sending to a wallet and your money is gone forever without a trace. Why would anyone want to live in a world like that. This means no chargebacks or disputes either if someone screws you. I think banks and gov need to get with the times. But a fully decentralized system doesn't even make sense
- Mar 28, 2021·1 replyCGodJr
Telegram transaction, I was in a rush so wasn't thinking. So it's my fault, but I'm someone that's been in crypto for a bit. So the average person, think your mom, uncle, aunt, etc. that barely know how to use a phone correctly, how will they be able to handle crypto. If you send to the wrong address, screwed, get scammed, screwed. Big crypto exchanges screw clients over and have terrible support. I think crypto is most useful for crossborder payments and for countries where the gov is oppressive or where inflation is crazy. But for a country like the US, I really don't find crypto that useful tbh. Me sending money to someone in crypto takes much longer and costs more than cashapp.
We all make mistakes and there’s definitely a lot of scammers everywhere literally everywhere
- Mar 28, 2021·1 replyPainPapi
high is relative
Anyway low fee transactions are why projects like XLM exist
XLM is never getting adopted at major scale. Most of these projects are going to die. The reason that most of the common man is even invested in crypto is because of investment/volatility purposes.
- Mar 28, 2021PainPapi
We all make mistakes and there’s definitely a lot of scammers everywhere literally everywhere
I didn't realize telegram was a cesspool. Losing north of 50k is not a good feeling, but what can I do. Oh well.
- Mar 28, 2021·2 repliesCGodJr
XLM is never getting adopted at major scale. Most of these projects are going to die. The reason that most of the common man is even invested in crypto is because of investment/volatility purposes.
crypto is still in its infancy in many ways, projects being phased out by others is just its way of getting better and better I think
- Mar 28, 2021Sand Man
The decentralized, P2P model that BitTorrent popularized is incredibly resilient.
BitTorrent has been around for how many decades? Still going strong.
American states and cities like Miami are becoming crypto-friendly.
This is the next phase in the Information Age. I suggest you all at least consider the possibilities.
I'll change you
Mar 28, 2021PainPapicrypto is still in its infancy in many ways, projects being phased out by others is just its way of getting better and better I think
I think people don’t account for how new/early this is
- Mar 28, 2021·1 replyPainPapi
crypto is still in its infancy in many ways, projects being phased out by others is just its way of getting better and better I think
I think blockchain is more valuable than crypto itself tbh. 99% of crypto is junk and will be nonexistent. Some will be huge though. Flow as an example of a newer one. Hopefully eth can lower these gas fees soon because MAN
Mar 28, 2021Sand ManCrypto is the future brother.
fact
Mar 28, 2021·1 reply
shoaksthe thing that scares me is does it mean that our current currency will become worthless? so im saving all this USD for nothing
crypto isn’t meant to be a currency. it’s a digital asset line how gold, silver, copper, etc is
- Mar 28, 2021
bro, Nigerian scams affect a lot of people still tbh. So just imagine crypto, it would be 100x worse. The customer support scam is an easy way to get anybody.
- Mar 28, 2021·1 replyCGodJr
I think blockchain is more valuable than crypto itself tbh. 99% of crypto is junk and will be nonexistent. Some will be huge though. Flow as an example of a newer one. Hopefully eth can lower these gas fees soon because MAN
Cardano, pancake, BNB solve this
- Mar 28, 2021·1 reply
US is building out rn. That's what I'm saying if more banking systems are adopting systems like this then I'm confused what the use of crypto actually is. Now implementing blockchain to help facilitate this makes sense, but crypto fees are ridiculous and transaction speeds are crazy.
- Mar 28, 2021Classique
Cardano, pancake, BNB solve this
But other than maybe BNB, the other 2 aren't going to get mass adoption. Actually tons of these are going to get banned by govs. And yes, they can get banned because there are companies behind them.
Mar 28, 2021·1 replyI'm too stupid to understand crypto, what is the benefit??
- Mar 28, 2021·1 replyimdoinf
I'm too stupid to understand crypto, what is the benefit??
Money being transacted freely amongst the people and not in the hands of authoritarian governments
- Mar 28, 2021·2 repliesPainPapi
Money being transacted freely amongst the people and not in the hands of authoritarian governments
You can already transact your money freely wym, I mean I know it'd like untraceable but what is the benefit to the average person that isn't buying illegal s*** lmao
- Mar 28, 2021imdoinf
You can already transact your money freely wym, I mean I know it'd like untraceable but what is the benefit to the average person that isn't buying illegal s*** lmao
you trust the banks and government with your money? or would you rather custody it yourself
look up fractional reserve banking, your money isn’t really there,
think of money in a broader macro sense rather than just day to day transactions
Mar 28, 2021·1 replyimdoinfYou can already transact your money freely wym, I mean I know it'd like untraceable but what is the benefit to the average person that isn't buying illegal s*** lmao
freely as in you can easily make a transaction with someone on the other side of the globe without having to deal with a middleman. and it's not untraceable. the benefit is that it'll make you rich