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Bitcoins - digital currency Bitcoins - digital currency

01-27-2020 , 01:34 AM
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.
Bitcoins - digital currency Quote
01-27-2020 , 01:57 AM
Quote:
Originally Posted by RT
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.
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.
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01-27-2020 , 02:45 AM
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.
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01-27-2020 , 07:29 AM
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%.
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01-27-2020 , 02:17 PM
if you dumped several thousand when it was at 6.7k...you got a 15-20% return.

not bad. not bad at all
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01-27-2020 , 02:42 PM
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.
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01-27-2020 , 02:47 PM
If you’ve been holding since early 2017 why would you sell now?
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01-27-2020 , 02:55 PM
Quote:
Originally Posted by TheGodson
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.
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
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01-27-2020 , 02:55 PM
I need money. My computer broke, mouse broke, car broke, and I also became a realtor and that cost a lot of money.
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01-27-2020 , 02:59 PM
why would realtor cost money? what are the expenses?
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01-27-2020 , 03:06 PM
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
ok thanks.

damn that sounds like a lot to hold onto a job lol
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01-27-2020 , 03:30 PM
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.
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01-27-2020 , 06:06 PM
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.
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01-27-2020 , 06:11 PM
The more expensive the real estate, the easier it is to negotiate the commission down.
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01-27-2020 , 07:04 PM
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.
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01-27-2020 , 07:37 PM
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.
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01-27-2020 , 11:17 PM
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!
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01-28-2020 , 12:39 AM
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.
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01-28-2020 , 01:00 AM
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.
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01-28-2020 , 01:06 AM
Quote:
Originally Posted by TheMVP
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.
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.
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01-28-2020 , 01:23 AM
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.
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01-28-2020 , 01:28 AM
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.
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01-28-2020 , 02:16 AM
XRP = (subprime mortgage backed securities * enron) ^ scientology
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01-28-2020 , 03:31 AM
Quote:
Originally Posted by TheMVP
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.
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.
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