Posted on 02/08/2021 9:22:35 AM PST by bkopto
By ‘landing’ I mean will it sustain interest or flame out.
I’m not asking from a technical perceptive, but from a money perspective. Once the whole mining phase is over, why will bitcon be any different than anything else that is set with a fixed quantity, each with a unique serial number?
Have you read the bitcoin story from the James Bilal Khalid, the person who claims to be Satoshi Nakamoto? Facinating read. I think he is the real deal.
I might not be as much a newbie here at FR as you think.
What are you paying per lb for plastic and paper? No, this isn’t some sneaky way of pumping you for info to undercut you. I WOULD NEVER DO THAT!
If not, they'll just adjust the fee. This was the plan. Seems to be working, otherwise BTC would still be only $1 each.
That's the great thing about the free market, where crypto must operate, verses other assets markets, and the CB currencies, which for the most part are artificially valued.
Actual free markets lead to vibrant, healthy growth, while manipulation leads to a house-of-cards, which eventually comes crashing down with the usual negative impact to society, and in most cases leads to wars with much loss of life.
So why the new name? I've seen a number of your posts, and you certainly live up to it. :)
To me the exchange fees are obscene. You could transfer hundreds of millions of dollars for a token wire fee ($25) You can use ACH to transfer funds for free. Why would I want to pay obscene bitcoin fees? Note - Musk did not pay your Joe Retail rate. Probably a custom flat nominal fee.
The fee is based on how fast you want the transaction to occur. If have time, the fees are pretty minimal. What does your CC company, or Paypal, charge to handle transactions?
I have not paid a fee to a CC for decades Small merchants eat the 2-3% merchant fee as the cost of doing business. Larger CC transactions like paying fed taxes or property taxes they’ll want to wack you for the fee but you use a debit card, fee a flat $2.95 typically.
Sure they do... /s
C'mon man, you're smart enough to realize they couldn't stay in business if they didn't hide those fees in the purchase price.
And 'nough of this petty BS bickering to no end...maybe entertaining to some, but not to me.
Have a good life!
Why is bitcoin even worth anything?
what exchange?
Marathon Patent Group?
Microvision?
Yes.
Also, the price of the token rises and falls thousands of dollars in a matter of hours. A functional currency doesn’t do this. I go out this morning shopping for a car with a Bitcoin valued at 46K, by the time I find a car I like it could be worth 38K.
Nasdaq.
Today it’s $15.73
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