Bitcoins - digital currency - Page 1781 - Business, Finances and Investing Forum

the strongest of strong bitcoiners, who sell a kidney to buy BTC, live in their mom's basement, eat only steak, and love guns, believe BTC should simply be a custodian-to-custodian electronic pet rock system. any sidechains/layer2* is not BTC.

I don't have an opinion on Sovryn because don't know much about it. But DeFi (comparable to what's on ethereum now) on BTC as currently architected is not possible. Here is an explanation:

*some will make an exception for the Lightning Network but it gives them inner conflict

Quote

05-05-2021 , 11:35 AM

#44503

kekeeke

old hand

Join Date: Apr 2011 Posts: 1,306

Quote:

Originally Posted by Two SHAE

*some will make an exception for the Lightning Network but it gives them inner conflict

Interesting! Thanks for your input, I don't quite understand the technical stuff I'll read it again later

Quote

05-05-2021 , 01:01 PM

#44504

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

would be interesting to see the correlation of the recent growth/meme/fintwit stocks underperformance and crypto growth

Quote

05-05-2021 , 03:51 PM

#44505

Exothermic

Carpal \'Tunnel

Join Date: Mar 2010 Posts: 16,804

100's of banks across the United States will allow you to store and transact in bitcoin later this year.

Quote

05-05-2021 , 04:40 PM

#44506

Mat Cauthon

adept

Join Date: Mar 2006 Posts: 1,147

Quote:

Originally Posted by kekeeke

Why? They claim it's defi on BTC

Forgot that it was the RSK one, sounds like any other altcoin. RSK is basically Ethereum denominated in BTC, on a trusted side chain. I could see it gaining some traction, but it depends on many things that I know too little about. Fees will be low, but how important is liquidity, and how will they bootstrap it? Also, how much trust is there in the RSK peg?

Quote

05-06-2021 , 04:52 AM

#44507

theskillzdatklls

Pooh-Bah

Join Date: May 2008 Posts: 4,916

Quote:

Originally Posted by Exothermic

100's of banks across the United States will allow you to store and transact in bitcoin later this year.

So insane we live in a world where they now have to list BTC followed by ETH followed by DOGE in their top charts.

Quote

05-06-2021 , 03:11 PM

#44508

vanway

newbie

Join Date: Nov 2010 Posts: 18

Quote:

Originally Posted by Two SHAE

*some will make an exception for the Lightning Network but it gives them inner conflict

Maybe I'm wrong, but this is not something Polkadot can fix through it's parachains?

Quote

05-06-2021 , 05:46 PM

#44509

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 17,464

I decided to take about 15k worth of btc and convert it to doge last night... down 8% so far, but I have a good feeling

Quote

05-06-2021 , 06:09 PM

#44510

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,736

Quote:

Originally Posted by MSchu18

I decided to take about 15k worth of btc and convert it to doge last night... down 8% so far, but I have a good feeling

Good luck ser

Quote

05-06-2021 , 06:56 PM

#44511

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

Is anyone else worried that the bagholders left from the DOGE, SAFEMOON, and these other massively pumped projects are going to be used as examples in cases made for strict regulations on crypto, which will negatively impact Bitcoin and Ethereum?

Quote

05-06-2021 , 07:03 PM

#44512

JoeC2012

veteran

Join Date: May 2012 Posts: 2,717

Quote:

Originally Posted by imjosh

Ehh, I don't think that would move the needle much.

The scenario I'm more worried about is the first time there's a relatively large scale terrorist attack, it's at least partially funded by crypto, and the media makes a big deal about it.

Quote

05-06-2021 , 07:28 PM

#44513

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,736

Quote:

Originally Posted by JoeC2012

And then they trace it and find the terrorists and it's hailed as a great success.

Quote

05-06-2021 , 07:34 PM

#44514

JoeC2012

veteran

Join Date: May 2012 Posts: 2,717

Quote:

Originally Posted by housenuts

And then they trace it and find the terrorists and it's hailed as a great success.

Possible, but assuming the media/general public has the mental capacity to run with that narrative doesn't seem like a given

Quote

05-06-2021 , 08:12 PM

#44515

H0RUS

Carpal \'Tunnel

Join Date: Apr 2015 Posts: 6,192

Quote:

Originally Posted by imjosh

The beanie baby bubble didnt stop the plushie market from thriving so i think we're good here

Quote

05-06-2021 , 09:05 PM

#44516

campfirewest

Carpal \'Tunnel

Join Date: Sep 2006 Posts: 9,938

Quote:

Originally Posted by imjosh

I can't wait to listen to an 80 year old senator rail about the evils of CumRocket.

Quote

05-06-2021 , 09:44 PM

#44517

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,736

Quote:

Originally Posted by campfirewest

I can't wait to listen to an 80 year old senator rail about the evils of CumRocket.

Quote

05-07-2021 , 11:49 AM

#44518

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,271

Quote:

Originally Posted by H0RUS

The beanie baby bubble didnt stop the plushie market from thriving so i think we're good here

Bad analogy. There were exactly zero other plush toys that followed beanie babies rise in price. If there was anything similar that remotely followed BB they would still be a fraction of their ATH just like beanie babies currently are.

Quote

05-07-2021 , 04:33 PM

#44519

H0RUS

Carpal \'Tunnel

Join Date: Apr 2015 Posts: 6,192

Quote:

Originally Posted by bahbahmickey

strict regulations didnt arise from the beanie baby debacle, thats my point.

Quote

05-07-2021 , 08:12 PM

#44520

xyzzz

newbie

Join Date: Jul 2014 Posts: 40

Quote:

Originally Posted by bjornb

They are trading at a ridiculous 70 cents USD which is hilarious for a currency that no one uses.

Quote

05-07-2021 , 10:05 PM

#44521

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,736

Almighty doge nipping at 70 cents. Trading at 69 for the lolz

Quote

05-08-2021 , 03:55 AM

#44522

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

Quote:

Originally Posted by bjornb

They are trading at a ridiculous 70 cents USD which is hilarious for a currency that no one uses.

BTC bulls not seeing the irony in this of course

Quote

05-08-2021 , 12:27 PM

#44523

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by imjosh

Bitcoin is designed to be unstoppable against strict regulations. Centralized crypto like ETH are vulnerable, although their strategy seems to be bribing regulators.

Quote

05-08-2021 , 01:01 PM

#44524

jbouton

veteran

Join Date: Jul 2019 Posts: 3,189

Quote:

Originally Posted by TomCollins

Bitcoin is designed to be unstoppable against strict regulations. Centralized crypto like ETH are vulnerable, although their strategy seems to be bribing regulators.

There is no metric for being centralised or decentralise and as soon a you try to define these you lose any point you were trying to make.