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Over 10X more volume than all other exchanges?
Volume claimed to be in USD.
Does this seem right to you?
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Fees? I pay 0 fees for both my debit card and my cc, 0 fees on ATM withdrawals and 0 on the mobile app (this is from the bank so guess it's not VISA).
Rest assured the fees are embedded somewhere. Either the merchant is paying them (and it's likely embedded into the price) or some other bank fee is making up for it. |
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Is buying merits allowed here?
In most forums (unrelated to crypto) this would mean an instant ban.
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TLDR: don't trust anyone offering you a fixed rate of return, if it sounds too good to be true then it probably is. Great advice but very much over-complicated here.
A fixed return is possible if the creditor is absorving the risk. Creditor runs risky investments using your money, but gives you fixed returns in exchange for lower yield. This is fine as long as there's oversight over liquidity to guarantee the fund manager didn't lose it all - it'd then become a ponzi. |
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The whole world is working for 15 bankers who get to print their own money.
This system is insane.
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Right, totally right. But why always focusing on the problem? None comes out with an idea, we don't just change from day to night. There must be an evolution, and maybe cryptos are helping us with it.
So what is your horse move against this beast?
Cryptos are the best counterweapon we've seen to date against this system. The emission of money must be algorithmic, not controlled by crooks. |
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What kind of capitalism is it when the markets depend on the FED?
It doesn't matter if 300 million Americans and billions of Asians work today or not.
It doesn't matter if a meteorite falls on Earth right now.
All that matters is whether the FED will print more FED-money to pump the markets or not!!!
All that you do, all your work, all the world's production is worthless because the FED/BCE/BOJ can simply print more money.
Everyone must work more and more to sustain a system that is absolutely unreal and illogical.
Everything we do, every single thing of value that is produced is subject to the valuation of a token that the FED prints at will. An inventor spends decades researching, files a patent, sells his patent for 100k dollars. The FED simply prints a trillion U$. That's the proportion we have right now.
For how long will The People of the world continue to accept this system?
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Bitcoin volatility is a consequence of it not being widely used yet.
Soon as Bitcoin becomes more widespread, its value will become clearer and more stable.
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There's good and bad news regarding this question.
Bad : No successful large scale and well known project uses the blockchain for anything.
Good : It means we're in the research, development and innovation phase of cryptos and not in their mainstream yet.
So investing now is still considered a pioneering adventure (and a risky one).
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How are stablecoins different from Disney tokens?
Tokens you trade 1:1 for fiat money, which can be quickly spent at some establishments? Sounds like rollercoaster park or arcade game tokens to me!
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Obviously there's no way of knowing, but it's rather more important to know who's wash trading. If it's the actual customers then I'm not too bothered. That's what enough assholes do already.
If it's purely the exchanges themselves, and I'll guess most of the time it is, then that's much more odious.
why is that? with volume pumping, i figure the exchanges are just trying to exaggerate volume and liquidity to attract more traders. some relatively innocuous algorithm that amplifies volumes without necessarily manipulating the market much (since everything is amplified). if traders are doing it, i assume their intention is always bad. rationally, there's no reason for traders to engage in that behavior unless they are trying to manipulate price. Exchange transactions do not happen on the blockchain. Therefore exchanges do not need to wash trade in order to pump volumes. They can simply inject fake transactions into the trade log. Internally they mark the fake ones so they don't get counted in their accounting. Externally you see it as a transaction. Without external auditing of their systems and oversight, centralized exchanges are free to do whatever they want and if they really wanted to these fake volumes would be virtually undetectable or impossible to prove. |
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A friend of mine wanted a world without borders. Then he got into a fight with his neighbor and built a fucking wood barrier.
I told him you couldn't even avoid a wall with your neighbor, how the heck were you gona make the world without borders?
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This may only be a temporary decision with mostly political incentive.
Turns out you were right. Because this thread is from july and tariffs are here to stay. |
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Same way you explain Bitcoin to an average adult.
In fact that's how lots of stupid projects sold their shitcoins to fully grown adults.
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Surprised that no one mentioned Venezuela yet.
Especially concerning OP's first question!
What kind of situation? In this case not a very good one :p
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Similar arguments were made about open source software.
Some complained about too many forks and "too many languages".
You simply cannot stop this. The community will choose which forks survive and which ones disappear.
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I know, the whole energy argument is stupid. Just think about all the electricity the banking and credit card systems use (office buildings, employees driving to work, etc)
An interesting question would be the efficiency. Credit card operators process millions of transactions per second using X amount of power. How much power is spent by Bitcoin per transaction? |
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What if power goes down in such a market?
What if lightning strikes the cell phone or wireless network tower?
What if a massive virus attack takes down the payments processing system?
IMO going completely cashless is a risky move.
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I got a friend to invest during december of 2017.
We're still friends. But I apologize every time we meet.
This friend always says "it'll bounce back, don't worry, I wanted to get in already".
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Generalizations are stupid.
It'd be hard to argue that whoever bought BTC for pennies in 2010 made a bad deal with it at U$ 3000 right now!
Heck, when BTC hit U$ 100 I thought it was insane. Now it's still 30X above 100.
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