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It has no owner if something happens who do i complain ?
If something not right with eth i can complain to V Butern
Right now the owner might be of btc GRAYSCALE so the Micheal Sonnershein the Satoshi Ceo of company.
Second question who will guarantee my btc safety ?
I trust exchangers as i trust people who are well known
But i think we not ready for decentralized finances as someone got to give out guarantees.
Right now the biggest shareholders are arkinvest and grayscale so i guess they should also have more liability and responsebility as tgey got more profit of dumps and pumps as they are biggest ones so they can manipulate with prices but still btc needs owner the company who will be responseble for all
I guess we can send complains about btc to him.
My grandfather said if no responsebility of person then no assurence of great business.
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Whats wrong with btc Stop shitposting and ask yourself what's wrong with asking questions like this? Such threads fall into the category of low-value threads, and before you open something similar, carefully read the sticky thread on this board. Low quality topics do not belong here.That means crypto attracting low brain power people as i am lol |
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Year 2022 china power.
Usa dollar not anymore resrrve currency.
What will be changing for you and me ? For common people ? If usd will not be the boss anymore ?
Its time to start learn chinese language ? Lol
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Dont belive anything whales now selling not buying.
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The darkweb and dark markets used liberty reserve.
But after liberty reserve shut down they picked bitcoin.
Now question is yes that time the stablecoins was not fully developed best ways ...but after the darkwebs and darkmarkets still used btc ltc and other volatility coins.
Even the stablecoins was stable why they took the risk to lose all their profit with btc volatility ? If there was stablecoins wich was stable on value.
Is that they knew that btc will cost a lot more in future and they just holded and then contacted with big instutions who helping them sell it with higher price so from their black market actvities they can earn with btc 10x or even higher profit.
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First plan to create eur 1:1 stablecurrency. Also our team have toughts to create for usa stablecoin and for uk stablecoin. But first one eur so if u are business owner or you run currency exchanger business you can join us and we can give you nice airdrop of. 50k-1000 000€ airdrop or more.it depends on how big part you play in helping to succeed this project. We think blockchains: might be solana, tron or bsc This project dont need much shiny marketing it will work good as eur currency is printed alot so we can do without worry about inflation good ammount of airdrops for helpers and other people who want to involve. The marketcap of this will 100x bigger then any currency. Our team will push forward this project So if you want to involve come join and we looking for developer nothing difficult anyone with normal coin creating skills can create coin its just stablecoin. Thank you ! Lets do it guys  |
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Bitcoin is speculative asset and market movement indicator and it should do what it should.
If it dont get the job done its not needed.
Simple way i say it.
Actually bitcoin doesn't have to do anything. And the white paper didn't tell anything about speculative asset. Are you sure you've read it? The fact you expect something from it... that's basically your problem. Not only me but many traders think same. Whitepaper is just someones fantasy and imagination anyone can write all kind of things. Right now its clear what btc for are to be speculatative asset and market movement indicator. But lets see if btc show better side and be useful for traders again |
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Bitcoin is speculative asset and market movement indicator and it should do what it should. If it dont get the job done its not needed. Simple way i say it. |
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Its a second day and btc not moving.
What are other coins who do daily moves at least 10-20%
Bitcoin have proofed that its useful only to be market indicator but soon it will lose this position also if its not moving you cant use it as market moving indicator anymore.
If those things about btc not going to get any better then dark future wait for btc.
People move there where money is flowing good example is safe moon ...yes its funny project but at least ordinary people have improved their financial situation.
But yeaah traders knows soon btc not even good as market indicator and eth no better its also not moving.
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Imagine i buy something today with btc.
With 1 btc.
Today its worthed 60k tomorrow will be 40k.
And can fall down even further so the person who i transfered btc are in loss ?
The volatility is main issue why we cant use never for paying something....or im wrong ?
Or how is the situation here ?
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Tether cant go up or down really its a stablecoin
Except for the case where the company behind tether goes down in which your precious stable coin will go to zero. Do you think that just because somebody says it's pegged to the value of the USD noting can bring it down? I'm sure that if everyone would convert out of USDT right now there won't be enough money for that even if Bitfinex would sell all the assets they claim are backing this coin. And if stablecoins are not safe then what else ?
Bitcoin due to volatility never even close to safe.
~
Bitcoin going up and down ....no good to hold funds in btc never.
Seems to me you're on the wrong forum for a whole lot of wrong reasons...  Anyhow, I'm really curious what will happen to their precious USDT if poeple will switch to a different stable coin which will trigger the need to start liquidating their "assets", I'm pretty sure a lot of exchanges will suddenly realize they have a billion dollars that are worth exactly 1$, but all of them together. U seems to me tether fudster... Its all good until there is liqutity use case and people use it. |
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These are facts you should know about USDT:
- There are no bound quantities (1 USDT == USD reversed,) and the existing quantities of assets and others are not equal to 5% of the total supply.
- There is high liquidity in many platforms, which means that the platforms are the ones that determine their value in dollars, and therefore their value is zero outside those platforms.
- Some platforms can take the risk of losing money but this may not happen to all platforms.
- Money can be frozen even if it is in your wallet.
Thus, USDT is a stable central currency based on promises and cannot be used for long periods or outside the platform.
Thats part of fud to get weak hands out of usdt and usdc and pax dai coins. Dont forget they will be useful when inflation rate goes down and banks rates goes up. Before that sure there will be FUD around stablecoins. Always do the opposite what most of people been told always the most of people will end up slaughter house. Never follow the crowd |
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Summer 2022 is far away. There's no guarantee the united states won't default, rather than raise the debt ceiling higher by its deadline on december 15th 2021. The fed says something one day, and does the opposite the next. Who knows how much their policy will change by summer 2022. All market and policy fundamentals appear to project price hikes, rather than the opposite. I think most will prepare for a worse case scenario, rather than a best case scenario. Maybe that's wishful thinking on my part? Economic crash ? If so how it look like ? Since no money the crash takes also money expenses to pay shorts. Rather...crypto might stabilize no up no down movements of prices in times of crisis. |
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You need to understand that if you use centralised currencies like USDT, then you forfeit the right to complain about frozen assets. Use networks where that can't happen. You need to understand that if you use centralised platforms like exchanges, then you forfeit the right to complain about KYC. Use platforms which don't have that. The SEC and the government have no interest in making it easier for you to continue doing what you're doing. If anything, they have plans to make it even more difficult. So you have some choices to make: a) you suck it up and keep relying on custodial middlemen which are easy targets for the authorities to clamp down on,
b) you leave and surrender all the freedoms and protections crypto can potentially offer when you learn to use it *correctly*, or
c) you start finding smarter ways to do things and discover how to take full autonomy over you own funds, instead of leaving them in the possession of others. Crypto was designed to be peer-to-peer, so use it in the way it was intended to be used and you won't run into all these issues you're having.
It's up to you. If we the traders will leave the crypto...then wall steet have no cow to milk. So wall street better tell to goverment lets not f up all this game with rules and regulations ... the money cows will die. Lets not kill the cows i agree to be wall street cow here but for f up there os limit. |
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But yeah..now we know btc main usecase
You're generalising. Bitcoin's primary use case will be different depending on any given user's personal preferences. Within the community we have hodlers, speculators, cypherpunks, idealists, philosophers and more. Some people will even fit into more than one category. You use it the way you want, I'll use it how I want, someone else may use it in yet another way. As such, the primary use case is arguably freedom, because no one is in a position to stop anyone else utilising it in the manner they choose. Every trader looking the btc price to know how to move. Thats for sure |
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But people who created bitcoin and crypto.
You should know one thing:
We dont need to be in crypto if too many problems like hacking ...or usdt frozes..wich never happened at least with me or friends.
Also they want to start the sec and goverment with DEX exchangers....
Also kyc...regulations
If too much heache start coming out of crypto then solution is simple:
We dont need crypto then we can leave crypto if we dont get profit but only pointless problems.
I can and many people can leave crypto anytime its not a problem.
So sec fed and goverment and banks wall street and all the people who created crypto for us.
Please stop f ...around !! Or you lose people.
I dont have to be in this im here until it works until no $$$ of crypto but it will only takes my $$$ then crypto is not needed.
We lose money here when whales pump or dump markets when u try to short it goes up when u try to long it goes down....thats all ready too much stress for traders so if the wall street and govement start making bs we can just leave the crypto.
And if we leave crypto whos gona feed those grayscale and micheal saylors ??
So here what i say dont kill the cow take just milk im fine with that wall street milking me .... but if you going to kill cow with all those pointless KYC rules tax rules regulations .... and stealing from COWS by saying...ouu your USDT just got frozen...lol then what you guys do at the wall street?
So the point is there so much all ready bs around the world lets not bring and not justify the bs things.
The second thing if goverment...start f around here too much then wall street who owns goverment and everything will start asking questions ...like hey goverment ??why do you try to kill our casino here =?
If those problems what i said will continue to exist then crypto industry will die soon.
We stay in this only if more f..around dont come in crypto.
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No. Bitcoin's main use case is it is an unrestricted medium of exchange. For payments and moving funds the stablecoins are definately best ones.
Did you know that the StableCoins, that you use, can mostly be frozen right on your address? If they froze my stable coins it means they steal my money. Then i will leave crypto and many others. I dont have to be in crypto we are all here to make profit if no profit and someone start stealing like frozing...lol then they can keep crypto for themselfes. Its really that we dont need to be here in crypto ... we are only to get profit if not getting anymore profit then we can simply move away from here. |
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Btc main use case now is this:
Bitcoin is good market prices indicator to show just wich way all other coins likely will go.
If there is another reasons to use ....its unlikely.
People say specially traders that btc price is good indicator also to show wich way altcoins might go.
For payments and moving funds the stablecoins are definately best ones.
But yeah..now we know btc main usecase
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Never had issues with USDT dont download dangerous stuff dont visit phishy websites and you are good. If usdt not safe ....then what are safe ? Bitcoin going up and down ....no good to hold funds in btc never. Bitcoin is as market prices indicator mostly for anything else hard to imagine. If someone will hack in exchanger ...its different story and all exchangers will cover if they dont want to lose customers but your own wallet its different story. |
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What specific FUD you are referring to? There are many FUDs in the market and also some truth doing rounds here. So please point us to the specific one.
But apart from FUD, it is also true that Tether has never done an audit to provide proof that their cryptos are backed with USD in 1:1 ratio.
So why are you confirming that Tether is safe and will always remain that way?
Who done audit to federal reserve ? Yes its safe like fiat currency becouse in this unsafe envoirement we need sometging safe. And if stablecoins are not safe then what else ? Bitcoin due to volatility never even close to safe. There is proof of 1:1 actually we dont care what we care is that it works and have good liqutity options. |
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