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01-27-2020 , 01:34 AM

#35376

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 48,253

Quote:

Originally Posted by despacito

@RT if 10,000 LN transactions are aggregated into 1 on-chain transaction per second is starkly different to the current ~7 transactions per second.

Yes, they absolutely could. You could even call it "Venmo" or "Zelle" or something.

If we're just going to have 3rd parties control off-chain transactions, why are we even doing this? We've lost every supposed reason to use crypto.

Quote

01-27-2020 , 01:57 AM

#35377

despacito

old hand

Join Date: Nov 2018 Posts: 1,369

Quote:

Originally Posted by RT

That is a worthy debate.

Average users need to be protected from loss of funds (fraud, hacks, their own incompetence). Banks reverse transactions all the time, and eat the loss quite often too. Bitcoin does not and cannot do this. They also need a simple UX without overhead.

But nobody is forcing anyone to use a hosted service. You can still spin up a few virtual machines and splash around reading Ayn Rand novels in your gold plated jacuzzi filled with dom perignon while you're waiting for the nodes to sync.

Quote

01-27-2020 , 02:45 AM

#35378

eddymitchel

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 6,610

I don't think everything is black and white. I accept it's a slow process and watching it unfold is pretty great. First layer is solid and getting optimized continually in the safest way posdible. We have 2 second layer solutions: one is commercial and the 2nd open to anyone.
Ltc is right now financing another scaling/privacy solution that could be applied to btc easily if successfull.
That's some great new technological backbone with no real new competitor.

Quote

01-27-2020 , 07:29 AM

#35379

Max Cut

Guest

Posts: n/a

Quote:

Originally Posted by ToothSayer

P.S. 99% of what I say is true, not sure why people spend time disagreeing.

Because that claim falls into your supposed 1%.

Quote

01-27-2020 , 02:17 PM

#35380

the pleasure

Carpal \'Tunnel

Join Date: Oct 2012 Posts: 6,529

if you dumped several thousand when it was at 6.7k...you got a 15-20% return.

not bad. not bad at all

Quote

01-27-2020 , 02:42 PM

#35381

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,223

Quote:

Originally Posted by the pleasure

if you dumped several thousand when it was at 6.7k...you got a 15-20% return.

not bad. not bad at all

I just sold a bitcoin for about $8750ish just now. Bought when it was at $2,200ish. Not bad if I say so myself. Watch, it will continue to skyrocket now that I sold another bitcoin in order to finance real life things.

Limit orders use to be free. They scooped up like 40 bucks. Damn.

Quote

01-27-2020 , 02:47 PM

#35382

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,699

If you’ve been holding since early 2017 why would you sell now?

Quote

01-27-2020 , 02:55 PM

#35383

the pleasure

Carpal \'Tunnel

Join Date: Oct 2012 Posts: 6,529

Quote:

Originally Posted by TheGodson

congrats on your gain. anytime it goes to 5-6k I think you have to be looking to get in at some %

Quote:

Originally Posted by johnnyBuz

If you’ve been holding since early 2017 why would you sell now?

agree but he did say it was real life situation so maybe he needed money asap. I am sure we will see BTC spike to 12k by Q4

Quote

01-27-2020 , 02:55 PM

#35384

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,223

I need money. My computer broke, mouse broke, car broke, and I also became a realtor and that cost a lot of money.

Quote

01-27-2020 , 02:59 PM

#35385

the pleasure

Carpal \'Tunnel

Join Date: Oct 2012 Posts: 6,529

why would realtor cost money? what are the expenses?

Quote

01-27-2020 , 03:06 PM

#35386

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,223

You have to pay for classes and a charge for taking the test. There are monthly dues to the NAR and also E&O insurance. E&O insurance is if you **** up and get sued. There are other expenses that come up too. Like getting your signs, paper. mailings. Photos for a professional photographer for the property. I'm probably leaving some things out, but that's the gist of it.

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01-27-2020 , 03:29 PM

#35387

the pleasure

Carpal \'Tunnel

Join Date: Oct 2012 Posts: 6,529

ok thanks.

damn that sounds like a lot to hold onto a job lol

Quote

01-27-2020 , 03:30 PM

#35388

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,749

Quote:

Originally Posted by the pleasure

why would realtor cost money? what are the expenses?

It isn't free to keep the worst case of collusion in the history of the US alive and well through 2020.

Quote

01-27-2020 , 06:06 PM

#35389

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 53,719

realty is the biggest scam business. they take such egregious % of transactions. i guess it depends where you live. i think it's like 5% (split between the two sides) across the board, so getting 2.5% of a 200,000 sale in Oklahoma is meh, but doing the same work and getting 2.5% of a 1m sale makes no sense.

Quote

01-27-2020 , 06:11 PM

#35390

Didace

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 20,437

The more expensive the real estate, the easier it is to negotiate the commission down.

Quote

01-27-2020 , 07:04 PM

#35391

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,699

As someone who works in CRE, I’d say fees are reasonable for the work involved. The typical sales cycle in CRE is anywhere from 6-12 months (or longer). A 5% transaction fee split 50/50 between buyer/seller or landlord/tenant broker are then chopped up again depending on your house split. So a 5% fee ends up being a 1.25% take home after splits are accounted for — and that’s assuming you’re the only broker involved on your side of the equation.

Quote

01-27-2020 , 07:37 PM

#35392

despacito

old hand

Join Date: Nov 2018 Posts: 1,369

Quote:

Originally Posted by RT

If we're just going to have 3rd parties control off-chain transactions, why are we even doing this? We've lost every supposed reason to use crypto.

Fixed supply (amongst other things).

Last edited by despacito; 01-27-2020 at 07:48 PM.

Quote

01-27-2020 , 11:17 PM

#35393

White_Gatsby

banned

Join Date: Jan 2018 Posts: 1,232

Imagine shorting the greatest asset ever created!!!!

Somebody save me, crypto is on fire!!!

In a few years time we will witness the greatest bull market we've seen to date, no jokes.

Last chance to accumulate, don't be an idiot.

Come back to this post in 3 years.

Total crypto market over 10 Trillion.
BTC 250k
Ethereum 10k
XRP $25

Many many others will absolutely make people's dreams come true.

We will witness an alt season like we've never seen before, well we seen it in 2017 and we will see it again, it will be magical...

OK OK, I'm already euphoric hahhaha.

BTC will hit 11k by march though!

Quote

01-28-2020 , 12:39 AM

#35394

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,760

XRP, a worthless token printed out of thin air and used by exactly nobody will be worth more than Amazon and Google in 3 years, you heard here first guys!

I feel like many bears just take a reactionary position on Bitcoin because of morons like this guy above, hard to blame them really.

Quote

01-28-2020 , 01:00 AM

#35395

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,760

Quote:

Originally Posted by RT

If we're just going to have 3rd parties control off-chain transactions, why are we even doing this? We've lost every supposed reason to use crypto.

Again you're asking the wrong question.

If it's not reliably scarce then why are we doing this?

You can't build a digital currency without scarcity. This is the reason for the block size limit - so that it can ensure as many people around the world can run a full node easily.

Some core developers want to actually decrease the block size to further this goal.

Quote

01-28-2020 , 01:06 AM

#35396

White_Gatsby

banned

Join Date: Jan 2018 Posts: 1,232

Quote:

Originally Posted by TheMVP

What the **** are you talking about you idiot? You heard of Moneygram, you imbecile?

Everybody who trades crypto uses XRP. When you want to send money to Binance or another exchange to trade, what do you use moron? BTC? BCH, like a ******, yeah you prob use bch or some other shitcoin. Everybody else uses XRP because it takes 15 seconds to arrive in your account!

Last edited by White_Gatsby; 01-28-2020 at 01:11 AM.

Quote

01-28-2020 , 01:23 AM

#35397

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,760

I don't trade crypto, I'm not a moron.

XRP is a litmus test for IQ. If you own it you are below average.

I know it's tough to hear because morons don't know they're morons until it's too late, but hopefully you are young and with time the knowledge of your IQ will come to you.

Quote

01-28-2020 , 01:28 AM

#35398

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,699

lol a $50 XRP would make the founder Larsen worth $250 billion and current CEO Garlinghouse worth $100 billion aka the first and third richest people on earth. and that’s not even including their equity stake in Ripple which wants to IPO. get real.

Quote

01-28-2020 , 02:16 AM

#35399

despacito

old hand

Join Date: Nov 2018 Posts: 1,369

XRP = (subprime mortgage backed securities * enron) ^ scientology

Quote

01-28-2020 , 03:31 AM

#35400

White_Gatsby

banned

Join Date: Jan 2018 Posts: 1,232

Quote:

Originally Posted by TheMVP

Right, too dishonest to admit you're wrong, too big an ego to accept it. No problem little idiot kids can't handle it, I get it!

Your argument was nobody uses it, I countered your idiotic statement! Now shut your mouth, listen and you might just learn a thing or 2.

Quote

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