I like it, halfway thru a month free trial period.
Posted on 05/10/2021 4:44:41 PM PDT by aMorePerfectUnion
Sounds very interesting!
I think it has to do with supply and demand. BTC supply is limited, and possibly largely hoarded. Most other alt coins do not have such strict supply constraints. So that’s a good thing in one sense and in the short term, but in the long term as awareness and demand grows it drives people into alternatives.
Yes I know BTC can trade in tiny fractions which should help with the supply issue, but that just makes people crazy - Hey I own 0.00286 BTC! IMO they should split but as I understand it they did or are planning to do the opposite - a reverse split. I could be mistaken.
The idea behind BTC and alt coins is brilliant. Blockchain can be used for many things not just directly related to commerce but for all kinds of record keeping, from the county land commissioner to the stock exchange to ridesharing apps. In practice, I am not sure about BTC’s long term utility. Some have said it is a good store for value. Maybe. Has gone up (and down) a lot. But it’s also a huge threat to banks and credit card companies. 3.5% to run a Visa card at the store, or 3 cents to take an Alt-Coin transaction. No brainer for merchants and consumers.
Crypto ping, please.
Ping!
Time to get into ADA more before it’s too late. ;)
It’s the next ETH!
How about “altcoin is pet rocks with a blockchain”
The influential investors are looking for movement, not stability. If things are too stable, they will break something so they can vacuum up the wealth of little investors. It has always been this way.
Taxing dividends but not capital gains has the same effect. It encourages destruction of corporations, like stealing heirloom silver and melting it down.
A little bit of predatory practice keeps things stable, but too much just makes the wrong people rich, and stifles creation.
Surprising, at least to me:
14% Of Americans Own Crypto
https://www.zerohedge.com/crypto/14-americans-own-crypto-here-profile-average-hodler
What, exactly, "backs up" the US dollar other than the full-faith-and-credit of a corrupt US feral government, which at this very moment is running the printing presses and stuffing their pockets as fast as they possibly can?
There is no limit to the number of dollars the feral government can print, and they fully intend to print a limitless supply of them.
There can only ever be 21,000,000 bitcoins, and 18,000,000 of them have already been mined.
We bought a Maytag washing machine at Lowe's last year for $500.
That same exact washing machine is now $750.
Surely you see what's coming?
Exactly.
My savings account has an ACH connection to my Coinbase account.
I transferred money to Coinbase to purchase bitcoin.
If I want to, I can sell some bitcoin and transfer it to my bank account and use it to pay for anything, including taxes.
The corrupt US feral government is printing dollars and stuffing their pockets as fast as they can. A washing machine we bought last year for $500 is $750 now.
There can only ever be 21,000,000 bitcoins, and 18,000,000 of them have already been mined.
No government can inflate bitcoin to oblivion, but they can inflate the dollar to oblivion, and have every intention of doing so.
all this is easy money seeking a place to land.
Hard won money is invested differently.
How do you know this?
Will do 👊🏼
***Cough***(Mitt Romney)***Cough***
Let’s hope we’re not there as after that the public wasn’t able to trade.
Since the first of the year ETH has increased in value much more than BTC, but then, it is starting from a far lower base price. One might compare BTC to gold and ETH to silver.
No, but you can buy a Tesla with them.
The real question is: who do you trust more— a bunch of bankers and bureaucrats and politicians, or a sophisticated, largely hack proof computer program with set and known parameters?
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