Off chain transactions aren't the same as chain transactions. Pretending they are the same is silly.

This expert pretty much sums up the current crypto experts and their understanding of crypto and explaining it to their audience.

Anyone know what the time frame is for withdrawing USD from Coinbase?

Do you mean something like switching from proof-of-work to proof-of-stake? Users decide what defines Bitcoin, not miners. They can vote amongst themselves however much they want.
But so far no one has come up with a secure alternative to proof-of-work, so we might never have to take that fight.

Incorrect.

who is pretending they are the same ?

Expand.

Literally all of that was totally wrong. You don't seem to understand the most basic aspects of BTC.

I'm just so so so so happy for you. That you personally have the intelligence and self discipline to manage a credit card. Meanwhile... THE REST OF AMERICA has an average of like $15k in cc debt. Banks are ****ing predatory man, it's almost like a casino handing out lines of credit to any degenerate (and for only $20 installment payments! ).

If you look at the debt situation, the cc epidemic, the student loan epidemic, the massive consumerism problem etc etc, it all comes to the banks encouraging people to spend money they don't have, in order to buy **** they don't need, and ultimately they end up very unhappy, and underneath someone's thumb/ in debt the rest of their lives.

But do please go on, tell us all how awesome credit cards are for everyone

I do, and all of what I said is correct. So please explain why you think I wasn't.

I've always thought of cc rewards as wealth transfer from stupid to smart, sort of like poker

i didn't say they're great for everyone. they're great if you're not a moron and have discipline. if you're an idiot with zero discipline then it makes sense not to use one.

i agree banks are predatory-that's why it's so much fun exploiting them.
banks can be scum and using credit cards can still make a lot of sense. they're mutually exclusive. if you want to make your travel more difficult and costly by not using credit cards that's your choice.

if the rest of america is 15k in debt they shouldn't be traveling abroad one expensive trips anyway and they sure as hell won't have the money to do so stored in bitcoin.

unlike most of the people in credit card debt you seem to at least understand how debt interest etc work. so either you don't trust yourself to have the disipline to use credit cards (and make money in the process) or you're cutting off your nose to spit your face by not using them.

you can love bitcoin all you want but the bottom line is when traveling it's far easier cheaper and less time consuming to do so using credit cards and atm cards in any place worth visiting. even in thailand that you mentioned- the atms fees fees are higher than anywhere else i went in asia and it's still way cheaper faster and more efficient than using bitcoin.

wow! you did something extremely inconvenient and time consuming with a medium of exchange that moves 20% an hour for no good reason and are proud of it. lolz, the world needs ditch diggers...

I'm curious why you think people who can't handle credit cards would be able to handle the complexity of crypto?

Mat,

I'm not here to explain basics of the protocol to random people. I'm simply pointing out your obvious error.

So, from that article.

"One day, he says, the world will use a decentralized Facebook, not Facebook itself, a decentralized Uber, a decentralized Etsy, and on and on into every sector of the economy. "We're going to see whole industries plowed over by software contracts living in these blockchains," he says."


Why is a decentralized facebook needed when the current centralized facebook already satisfies the majority of it's users? What problem is this technology trying to fix or how will a decentralized version lead to it being a better service/product for the users/customers? Why is there such a problem with competition in centralized applications?

Why is the USA obsessed with democracy when dictatorship works fine

time to load up!

19k in 11 months is fairly reasonable for anyone with even a tad of patience :


Over the past month, #Bitcoin has fallen from nearly $20K to $11.6K

What will it be on Jan 1, 2019?
Over $19K -130
Under $19K +100

Will it drop below $5K in 2018?
Yes +100
No -130

Will US gov pass a law to regulate cryptocurrency in 2018?
Yes -120
No -115

via @sportsinsights

Banks are no more predatory than 90% of other industries. Car mechanics are always try to up-sell **** you don't need, insurance agents are selling annuities to people who shouldn't own them + insurance to parents for a child, home construction guys are talking people into things they don't need, etc. I know it is popular now to bash banks, but lets not just go along with the group think with out thinking about it.

Household debt as a percent of GDP has been coming down for 10 years and over the next 10 years we are likely (IMO) to finally see real wage growth so this trend is likely to continue.

The majority of the blame for student loan debt belongs on the government. I don't even understand how you came to the conclusion that the banks should be blamed for this.

Okay. I was willing to explain my statements if you would specify yours. I can't say I understand the point of your posts if you're not willing to back up your claims with any sort of arguments.

Might be a stupid few questions but will ask anyway.

What is the average amount of BTC being bought during the Parabolic stage, pre xmas? Idk if this is something people would know just wondered if it was a ton of small buys or some huge purchases.

Are there any people that have a huge position in BTC, enough to move the market substantially if they decide to sell off?

Is there a average buy/sell over every xchange for 2017?

Are these good things to be thinking about if you want to invest?

Mat,

All your "explanation" would do is spread further misinformation on the subject. You literally claimed that BTC doesn't need miners which is laughable.

Guaranteed multiple people like that, and there are other ways to move the market - this is an unregulated area.

Sure they are - but you should mostly be focusing on learning about the technology and how it might impact on the world/economy/financial system. Who stands to gain and lose from it and how that affects things etc.

You're almost missing the point the completely. You and other people are coming in here and using you're own reality/ circumstances to justify yourselves when the rest of America/ the world feels very differently about banking/ credit cards etc (and the numbers are there to prove it).

You know, it's great that you don't have a problem with the current banking institution, that you don't have any issues with credit cards and their predatory tactics... but again, the rest of the America feels very differently. They love/hate credit cards, they hate ATM fees, administration fees, balance fees, wire and transfer fees, the endless bombardment of cash back/ rising credit limits, being locked out of their accounts etc etc. The only reason we use it is because up until recently there wasn't any better options. <--- crypto changes the game of online banking completely. And in this tech/ internet age- it's the future. No bull****, no fees, no predatory bs.

Coordi- if you can navigate a standard online banking page, you can navigate crypto.

What I'm seeing is you and other posters are old school. If it's working fine for you, then why change am I right? That's totally cool, but the rest of us / evolution / change is moving forward whether you agree with it or not. 25 years from now, traditional banking is going to be a thing of the past/ history.

Based on what? Price action isn't bullish in the slightest. Market seems super timid.