Updates tagged with cryptocurrencies on Arkwood Pond Social!
lnxw48a1: @fu I don't expect that they'll be able to reform the international financial system (or even most national financial systems) in ways that they believe will be more equitable. (And that's without considering the endemic corruption in most such countries.) I'm slowly moving toward using #cryptocurrencies when possible, to deprive the corrupt and evil financial system of a little money and power, and toward encouraging others to do the same. People in countries like India (which revoked much of its currency in order to try and force people into the financial system) likewise need something other than "reforming the current system".
lnxw48a1's status on Tuesday, 10-Jan-2023 01:38:14 UTC
@fu I don't expect that they'll be able to reform the international financial system (or even most national financial systems) in ways that they believe will be more equitable. (And that's without considering the endemic corruption in most such countries.) I'm slowly moving toward using #cryptocurrencies when possible, to deprive the corrupt and evil financial system of a little money and power, and toward encouraging others to do the same. People in countries like India (which revoked much of its currency in order to try and force people into the financial system) likewise need something other than "reforming the current system".
lnxw48a1: It still means, however, that the exchange's customers got hurt because they didn't keep their balances at or around zero, as they should. When $ORGANIZATION encourages you to let them keep custody of your assets, they're probably not doing it just because it is more convenient for you, but because it makes it easier for them. And as you've seen, one of the ways it makes it easier for them is that it leaves assets lying around for them to pilfer. An exchange should be pass-through and make its money on transaction fees. A bank is storage, and makes money by using your stored funds, along with fees. And when you're talking about #cryptocurrencies, you should be very explicit about the purposes for which you're using an intermediary, due to the whole _the person who holds the private key for the wallet where your #cryptocurrency resides effectively owns your cryptocurrency_ thing.
lnxw48a1's status on Friday, 30-Dec-2022 19:55:54 UTC
It still means, however, that the exchange's customers got hurt because they didn't keep their balances at or around zero, as they should. When $ORGANIZATION encourages you to let them keep custody of your assets, they're probably not doing it just because it is more convenient for you, but because it makes it easier for them. And as you've seen, one of the ways it makes it easier for them is that it leaves assets lying around for them to pilfer. An exchange should be pass-through and make its money on transaction fees. A bank is storage, and makes money by using your stored funds, along with fees. And when you're talking about #cryptocurrencies, you should be very explicit about the purposes for which you're using an intermediary, due to the whole _the person who holds the private key for the wallet where your #cryptocurrency resides effectively owns your cryptocurrency_ thing.
lnxw48a1: Also: https://nu.federati.net/url/289047 [news bitcoin com] U.S. Congressman Warren Davidson: Self-custody #cryptocurrency wallets are an antidote to #FTX style scams, because they can't steal money / #cryptocurrencies from wallets they don't control. He's absolutely right, and that's how the exchanges are supposed to be used, but with few onramps and offramps, people tend to leave their investments in their custodial wallet (e.g., the one where the exchange controls the secret key, not the customer) where bad things can happen.
lnxw48a1's status on Friday, 23-Dec-2022 20:20:47 UTC
Also: https://nu.federati.net/url/289047 [news bitcoin com] U.S. Congressman Warren Davidson: Self-custody #cryptocurrency wallets are an antidote to #FTX style scams, because they can't steal money / #cryptocurrencies from wallets they don't control. He's absolutely right, and that's how the exchanges are supposed to be used, but with few onramps and offramps, people tend to leave their investments in their custodial wallet (e.g., the one where the exchange controls the secret key, not the customer) where bad things can happen.
lnxw48a1: https://nu.federati.net/url/289031 [cointelegraph com] Decentralized autonomous organizations. Though I've been reading about #cryptocurrencies, I have avoided #DAOs because I haven't seen how they apply to the things I'm interested in. I'll have to read up on them.
lnxw48a1's status on Thursday, 22-Dec-2022 22:31:09 UTC
https://nu.federati.net/url/289031 [cointelegraph com] Decentralized autonomous organizations. Though I've been reading about #cryptocurrencies, I have avoided #DAOs because I haven't seen how they apply to the things I'm interested in. I'll have to read up on them.
lnxw48a1: https://www.forbes.com/sites/jasonbrett/2020/06/19/interview-with-bitcoin-and-black-america-author/ [www forbes com] An interview with Isaiah Jackson, author of "Bitcoin and Black America" ... he talks about some of the impact of racism in the financial system and in the laws that underlie it. And he sees #cryptocurrencies, particularly #Bitcoin #BTC as one way to disarm that.
lnxw48a1's status on Tuesday, 20-Dec-2022 18:32:37 UTC
https://www.forbes.com/sites/jasonbrett/2020/06/19/interview-with-bitcoin-and-black-america-author/ [www forbes com] An interview with Isaiah Jackson, author of "Bitcoin and Black America" ... he talks about some of the impact of racism in the financial system and in the laws that underlie it. And he sees #cryptocurrencies, particularly #Bitcoin #BTC as one way to disarm that.
lnxw48a1: I missed it, but it appears that #OpenBazaar is gone. Their #Twitter account has some details (from early 2021). OB was a fee-free peer-to-peer marketplace. I think it was based on #cryptocurrencies ... at least #Bitcoin #BTC.
lnxw48a1's status on Sunday, 18-Dec-2022 02:36:46 UTC
I missed it, but it appears that #OpenBazaar is gone. Their #Twitter account has some details (from early 2021). OB was a fee-free peer-to-peer marketplace. I think it was based on #cryptocurrencies ... at least #Bitcoin #BTC.
lnxw48a1: One of the reasons why people left money in #cryptocurrency exchanges (which violates all the precepts of using #cryptocurrencies) is because of the lack of on-ramps. If #FTX's customers maintained near-zero balances, there would have been no money to steal to prop up #Alameda_Research. That lack of on-ramps, by the way, is due to financial regulations. Likewise, there would be no need for exchanges to provide "proof of reserves", because they'd only need to hold enough reserves to handle expected transaction volume. As I read the financial news, I'm ever more convinced that the standard financial system's built-in racism will never be fixed. It exists at every level from regulators to Joe Banker who denies you a loan to buy a used car, and is reinforced from the top, but means of regulations and orders that often disguise their effect in high-sounding phrasing. When I read "Bitcoin and Black America", I felt like he overstated his point, but his point--that Blacks need to get out from under the racist financial system and find a way to fund their own businesses and jobs outside of it--still stands. Even though I'm not wedded to cryptocurrencies, I believe they offer the best shot at doing this of any financial medium I've ever heard of.
lnxw48a1's status on Friday, 16-Dec-2022 18:27:42 UTC
One of the reasons why people left money in #cryptocurrency exchanges (which violates all the precepts of using #cryptocurrencies) is because of the lack of on-ramps. If #FTX's customers maintained near-zero balances, there would have been no money to steal to prop up #Alameda_Research. That lack of on-ramps, by the way, is due to financial regulations. Likewise, there would be no need for exchanges to provide "proof of reserves", because they'd only need to hold enough reserves to handle expected transaction volume. As I read the financial news, I'm ever more convinced that the standard financial system's built-in racism will never be fixed. It exists at every level from regulators to Joe Banker who denies you a loan to buy a used car, and is reinforced from the top, but means of regulations and orders that often disguise their effect in high-sounding phrasing. When I read "Bitcoin and Black America", I felt like he overstated his point, but his point--that Blacks need to get out from under the racist financial system and find a way to fund their own businesses and jobs outside of it--still stands. Even though I'm not wedded to cryptocurrencies, I believe they offer the best shot at doing this of any financial medium I've ever heard of.
lnxw48a1: https://nu.federati.net/url/288784 [www coindesk com] #cryptocurrency exchange #Coinbase to end support for #Bitcoin Cash #BCH, #Ethereum Classic #ETC, #Ripple #XRP, #Stellar #XLM #cryptocurrencies.
lnxw48a1's status on Sunday, 04-Dec-2022 14:54:42 UTC
https://nu.federati.net/url/288784 [www coindesk com] #cryptocurrency exchange #Coinbase to end support for #Bitcoin Cash #BCH, #Ethereum Classic #ETC, #Ripple #XRP, #Stellar #XLM #cryptocurrencies.
lnxw48a1: #FTX fraud: This wasn't an accident. https://www.youtube.com/watch?v=FDqhM7vHR2o [www youtube com] #cryptocurrencies #cryptocurrency
lnxw48a1's status on Friday, 02-Dec-2022 21:29:48 UTC
#FTX fraud: This wasn't an accident. https://www.youtube.com/watch?v=FDqhM7vHR2o [www youtube com] #cryptocurrencies #cryptocurrency
lnxw48a1: !econusa US Treasury recommends exploring "Digital Dollar" #CDBC https://nu.federati.net/url/287868 [www usnews com] While we cannot yet know whether a CBDC will happen or what form it will take, what is certain is that the growth of #cryptocurrencies is inspiring this global trend of investigation the creation of national CBDCs. #Bitcoin #BTC #Ethereum #ETH #Ripple #XRP
lnxw48a1's status on Wednesday, 21-Sep-2022 04:45:02 UTC
!econusa US Treasury recommends exploring "Digital Dollar" #CDBC https://nu.federati.net/url/287868 [www usnews com] While we cannot yet know whether a CBDC will happen or what form it will take, what is certain is that the growth of #cryptocurrencies is inspiring this global trend of investigation the creation of national CBDCs. #Bitcoin #BTC #Ethereum #ETH #Ripple #XRP
lnxw48a1: Putin bans payments in #cryptocurrencies in #Russia https://www.engadget.com/putin-law-prohibiting-crypto-payments-russia-125015139.html [www engadget com]
lnxw48a1's status on Thursday, 21-Jul-2022 02:18:14 UTC
Putin bans payments in #cryptocurrencies in #Russia https://www.engadget.com/putin-law-prohibiting-crypto-payments-russia-125015139.html [www engadget com]
lnxw48a1: https://pkteerium.xyz/objects/e7b0c5cd-bc86-4c79-aac4-42e15cf65031 I cannot believe he actually said it. Basically, central banks are moving toward #CBDCs in order to observe and control what their populations do and how they spend their currencies. Best argument I have seen for #cryptocurrencies.
lnxw48a1's status on Wednesday, 29-Jun-2022 12:52:36 UTC
https://pkteerium.xyz/objects/e7b0c5cd-bc86-4c79-aac4-42e15cf65031 I cannot believe he actually said it. Basically, central banks are moving toward #CBDCs in order to observe and control what their populations do and how they spend their currencies. Best argument I have seen for #cryptocurrencies.
lnxw48a1: Watching someone's #Twitch stream. First of all, y'all use waaay too many gamer words. Secondly, they in room chat veered into #cryptocurrencies. My answer (not available in the chat, because I'm not a member): I don't specifically care about the method (cryptographically signed blocks of transactions, chained together via a consensus algorithm), but I care about breaking people free from the control of banksters and believe that should be a priority for all of us. That is why I care about #Bitcoin, #Ethereum and similar currencies.
lnxw48a1's status on Saturday, 07-May-2022 23:35:07 UTC
Watching someone's #Twitch stream. First of all, y'all use waaay too many gamer words. Secondly, they in room chat veered into #cryptocurrencies. My answer (not available in the chat, because I'm not a member): I don't specifically care about the method (cryptographically signed blocks of transactions, chained together via a consensus algorithm), but I care about breaking people free from the control of banksters and believe that should be a priority for all of us. That is why I care about #Bitcoin, #Ethereum and similar currencies.
lnxw48a1: https://starlabs.systems/ Interesting, but since they seem to be UK based, there's really no reason to read any further. None of my financial intermediaries allow transactions that cross national boundaries. ( Serious truth: We used to be hosted on a community-oriented hoster in Sweden. Then one year, I could not find a way to get money to him, so it was necessary to move. Also tried to get hosting with the North American branch of a French company and likewise no transactions were possible. Another reason to consider something like #cryptocurrencies. It is possible to make transactions without #banks and other intermediaries [ such as #paypal / #preypal ] acting as gatekeepers. )
lnxw48a1's status on Saturday, 27-Nov-2021 12:59:07 UTC
https://starlabs.systems/ Interesting, but since they seem to be UK based, there's really no reason to read any further. None of my financial intermediaries allow transactions that cross national boundaries. ( Serious truth: We used to be hosted on a community-oriented hoster in Sweden. Then one year, I could not find a way to get money to him, so it was necessary to move. Also tried to get hosting with the North American branch of a French company and likewise no transactions were possible. Another reason to consider something like #cryptocurrencies. It is possible to make transactions without #banks and other intermediaries [ such as #paypal / #preypal ] acting as gatekeepers. )
lnxw48a1: https://decrypt.co/74608/binance-not-permitted-to-operate-in-the-uk-british-financial-watchdog [decrypt co] UK regulator says Binance not allowed to operate there. European financial processor to cease processing Binance transactions. https://decrypt.co/75770/binance-dropped-european-payment-processor-clear-junction [decrypt co] #Binance #cryptocurrencies #exchange
lnxw48a1's status on Thursday, 22-Jul-2021 00:58:00 UTC
https://decrypt.co/74608/binance-not-permitted-to-operate-in-the-uk-british-financial-watchdog [decrypt co] UK regulator says Binance not allowed to operate there. European financial processor to cease processing Binance transactions. https://decrypt.co/75770/binance-dropped-european-payment-processor-clear-junction [decrypt co] #Binance #cryptocurrencies #exchange
lnxw48a1: > The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. https://bitcoin.org/bitcoin.pdf Section 10. Well, there's the seller, the buyer, the seller's bank, the buyer's bank, and the seller's card processing agent. In some cases two or more of the third parties are the same organization, but usually they are not. You don't necessarily trust the other party's bank or the payment intermediary, either. Sometimes, you just hope that your bank will be willing and able reverse the transaction if you have a problem. Yes, there really is a need for #DeFi. #Bitcoin | #Cryptocurrencies | #Trust | #Intermediaries | #Gatekeepers
lnxw48a1's status on Sunday, 04-Jul-2021 04:49:58 UTC
> The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. https://bitcoin.org/bitcoin.pdf Section 10. Well, there's the seller, the buyer, the seller's bank, the buyer's bank, and the seller's card processing agent. In some cases two or more of the third parties are the same organization, but usually they are not. You don't necessarily trust the other party's bank or the payment intermediary, either. Sometimes, you just hope that your bank will be willing and able reverse the transaction if you have a problem. Yes, there really is a need for #DeFi. #Bitcoin | #Cryptocurrencies | #Trust | #Intermediaries | #Gatekeepers
lnxw48a1: On a call with Mark. We've talked about #cryptocurrencies, $EMPLOYER pay scales, and returning home after assignments.
lnxw48a1's status on Monday, 24-May-2021 23:48:38 UTC
On a call with Mark. We've talked about #cryptocurrencies, $EMPLOYER pay scales, and returning home after assignments.
lnxw48a1: @guizzy I’m definitely in favor of making digital purchases convey similar ownership rights as the corresponding physical purchase would. Although I’ve been doing some research on #cryptocurrencies, I really have not looked into #NFTs yet. But I have seen others claiming that it could give artists something to sell directly to their fans and cut out the record company / movie company / streaming network. Certainly most mentions I come across see it as ‘new tulipmania’ or something like that.
lnxw48a1's status on Friday, 21-May-2021 00:20:09 UTC
@guizzy I’m definitely in favor of making digital purchases convey similar ownership rights as the corresponding physical purchase would. Although I’ve been doing some research on #cryptocurrencies, I really have not looked into #NFTs yet. But I have seen others claiming that it could give artists something to sell directly to their fans and cut out the record company / movie company / streaming network. Certainly most mentions I come across see it as ‘new tulipmania’ or something like that.
lnxw48a1: Since it seems like we are digging into #cryptocurrencies, I bought ‘Ledger S Nano’ hardware cryptocurrency wallets for myself and the two younger boys ( #sonTwo, age 33; #Daddy_A, age 32 ). #sonOne, age 43, has been absent from the conversation, so if he decides to show interest, I’ll send him “this link”:{https://shop.ledger.com/products/ledger-nano-s/}.
lnxw48a1's status on Saturday, 15-May-2021 02:56:09 UTC
Since it seems like we are digging into #cryptocurrencies, I bought ‘Ledger S Nano’ hardware cryptocurrency wallets for myself and the two younger boys ( #sonTwo, age 33; #Daddy_A, age 32 ). #sonOne, age 43, has been absent from the conversation, so if he decides to show interest, I’ll send him “this link”:{https://shop.ledger.com/products/ledger-nano-s/}.
lnxw48a1: Although I am slightly positive on #cryptocurrencies, thanks to #sonTwo’s father-in-law sending them a little money to “invest”, and the near-daily conversations about the topic that it inspired, I’m not one of those crypto-nuts. There’s an IT person working for $EMPLOYER who sends me texts telling me how much he has invested in #DOGEcoin and how many millions he will have once it goes up to $2. He’s nuts. I keep telling him not to put anything he cannot afford to lose into DOGE, but he can’t hear me, because he’s fully convinced that this can only go up in value. On the other hand, when talking with my son, we mostly talk about currencies that are actively used for buying and selling goods and services. If there’s no market for a token or coin other than speculators, they’ll eventually move on, sticking the last person with huge losses on now-worthless tokens & coins.
lnxw48a1's status on Sunday, 02-May-2021 00:50:45 UTC
Although I am slightly positive on #cryptocurrencies, thanks to #sonTwo’s father-in-law sending them a little money to “invest”, and the near-daily conversations about the topic that it inspired, I’m not one of those crypto-nuts. There’s an IT person working for $EMPLOYER who sends me texts telling me how much he has invested in #DOGEcoin and how many millions he will have once it goes up to $2. He’s nuts. I keep telling him not to put anything he cannot afford to lose into DOGE, but he can’t hear me, because he’s fully convinced that this can only go up in value. On the other hand, when talking with my son, we mostly talk about currencies that are actively used for buying and selling goods and services. If there’s no market for a token or coin other than speculators, they’ll eventually move on, sticking the last person with huge losses on now-worthless tokens & coins.
lnxw48a1: @guizzy The banks already try to starve the unbanked, so that they'll flee into the arms of the banking system. I do see them moving into #cryptocurrencies in partnership with national financial regulators, but I see them bringing all the disadvantages of #fiat_currencies with them, except for uncontrolled growth of the money supply and getting killed in the 7-11 parking lot over $20.
lnxw48a1's status on Monday, 26-Apr-2021 00:16:46 UTC
@guizzy The banks already try to starve the unbanked, so that they'll flee into the arms of the banking system. I do see them moving into #cryptocurrencies in partnership with national financial regulators, but I see them bringing all the disadvantages of #fiat_currencies with them, except for uncontrolled growth of the money supply and getting killed in the 7-11 parking lot over $20.
lnxw48a1: Texted another IT person from $EMPLOYER to inform him that #Dogecoin (DOGE) dropped by about 25% yesterday. (He’s been telling me that he has paper gains of over $12K.) Response: When it reaches $2.00, he thinks his gains will exceed $20K. This is someone who should probably be pursuing less risky “investments” instead of speculating on currencies and #cryptocurrencies.
lnxw48a1's status on Friday, 23-Apr-2021 13:18:29 UTC
Texted another IT person from $EMPLOYER to inform him that #Dogecoin (DOGE) dropped by about 25% yesterday. (He’s been telling me that he has paper gains of over $12K.) Response: When it reaches $2.00, he thinks his gains will exceed $20K. This is someone who should probably be pursuing less risky “investments” instead of speculating on currencies and #cryptocurrencies.
lnxw48a1: So, it looks like I’m going to have to try out one or more #cryptocurrencies, such as #Bitcoin ( BTC ) or #Ethereum ( #ETH ). But I’m not pretending that I can time the market, so I’m not looking to buy something that will rise high enough to make me a millionaire. I’m looking at them as a medium of exchange, a means to facilitate purchases and sales. At this point, I’m not looking at them as a store of value, and certainly not as an investment. Despite my insistence in conversations with #sonTwo that he should likewise consider cryptocurrency only as a means to purchase things, his father-in-law has been reading about sky-high #BTC prices and is putting up a small amount of money to get started investing in #cryptocurrency.
lnxw48a1's status on Tuesday, 29-Dec-2020 06:48:18 UTC
So, it looks like I’m going to have to try out one or more #cryptocurrencies, such as #Bitcoin ( BTC ) or #Ethereum ( #ETH ). But I’m not pretending that I can time the market, so I’m not looking to buy something that will rise high enough to make me a millionaire. I’m looking at them as a medium of exchange, a means to facilitate purchases and sales. At this point, I’m not looking at them as a store of value, and certainly not as an investment. Despite my insistence in conversations with #sonTwo that he should likewise consider cryptocurrency only as a means to purchase things, his father-in-law has been reading about sky-high #BTC prices and is putting up a small amount of money to get started investing in #cryptocurrency.
lnxw48a1: Since #sonTwo’s father-in-law is trying to get them started in #cryptocurrencies, I guess I need to do some reading. I’m sure he’s looking at the $CRYPTOCOIN value in US dollars charts and thinking of it like the stock market. However, stock markets are regulated (even though I still think they are sometimes manipulated), and cryptocurrency exchanges are not. I told my son (again) to concentrate on coins which are actually used to buy and sell goods and services rather than being led by upward curves on charts. I know the youngest ( #Daddy_A ) isn’t doing any cryptocurrency stuff, but I should ask the oldest ( #sonOne ) whether he’s doing it. If he’s doing it and can give his brother the same advice (but from the perspective of having done it), then it is more likely to be followed. I should probably try to buy some cryptocurrency on “LocalBitcoins”:{https://localbitcoins.com/}, so I’ll have some skin in the game. That way, my conversations about the topic will be from the standpoint of someone who has some risk of losing money.
lnxw48a1's status on Tuesday, 22-Dec-2020 05:47:11 UTC
Since #sonTwo’s father-in-law is trying to get them started in #cryptocurrencies, I guess I need to do some reading. I’m sure he’s looking at the $CRYPTOCOIN value in US dollars charts and thinking of it like the stock market. However, stock markets are regulated (even though I still think they are sometimes manipulated), and cryptocurrency exchanges are not. I told my son (again) to concentrate on coins which are actually used to buy and sell goods and services rather than being led by upward curves on charts. I know the youngest ( #Daddy_A ) isn’t doing any cryptocurrency stuff, but I should ask the oldest ( #sonOne ) whether he’s doing it. If he’s doing it and can give his brother the same advice (but from the perspective of having done it), then it is more likely to be followed. I should probably try to buy some cryptocurrency on “LocalBitcoins”:{https://localbitcoins.com/}, so I’ll have some skin in the game. That way, my conversations about the topic will be from the standpoint of someone who has some risk of losing money.
lnxw48a1: Speaking of #blockchains and #cryptocurrencies, someone told me about "Eth 2" recently, so I threw that into #DDG and came up with this: https://nu.federati.net/url/278691 [www cnbc com] #ETH #Etherium Disclaimer: I own zero cryptocurrencies and have never used a blockchain for anything.
lnxw48a1's status on Saturday, 05-Dec-2020 06:09:32 UTC
Speaking of #blockchains and #cryptocurrencies, someone told me about "Eth 2" recently, so I threw that into #DDG and came up with this: https://nu.federati.net/url/278691 [www cnbc com] #ETH #Etherium Disclaimer: I own zero cryptocurrencies and have never used a blockchain for anything.
lnxw48a1: Trying to read "Blockchain: a practical guide to developing business, law, and technology solutions", by Joseph J. Bambara and Paul R. Allen, but I'm finding it hard going. At least in the first chapter or two (where I am), they are unabashed #blockchain enthusiasts. And while, I happen to think there are things that blockchains are good at, even when the book came out in 2018, there were some serious questions being asked about the use of blockchains in the context of #BTC and other #cryptocurrencies.
lnxw48a1's status on Monday, 13-Jan-2020 07:42:05 UTC
Trying to read "Blockchain: a practical guide to developing business, law, and technology solutions", by Joseph J. Bambara and Paul R. Allen, but I'm finding it hard going. At least in the first chapter or two (where I am), they are unabashed #blockchain enthusiasts. And while, I happen to think there are things that blockchains are good at, even when the book came out in 2018, there were some serious questions being asked about the use of blockchains in the context of #BTC and other #cryptocurrencies.
lnxw48a1: I honestly don't think providing facilities to allow the large financial institutions to manipulate things like they did in #2008 is going make #cryptocurrencies safer for ordinary users. #coinbase !cryptocoins !cryptocurrencies https://nu.federati.net/url/148292
lnxw48a1's status on Monday, 02-Jul-2018 16:34:39 UTC
I honestly don't think providing facilities to allow the large financial institutions to manipulate things like they did in #2008 is going make #cryptocurrencies safer for ordinary users. #coinbase !cryptocoins !cryptocurrencies https://nu.federati.net/url/148292
lnxw48a1: @Gargron Answer: you can't keep track of all of them. Pick one or a small number that are of particular interest. Maybe one of them has some interesting characteristics; maybe another is seeing uptake by some industry that interests you; maybe another is tackling sky-high transaction fees; maybe one more is based on a sort of escrow to make transactions less risky. So you would choose from a smaller set of #cryptocurrencies instead of whichever one currently appears on the first page of the cryptocurrency exchange rate trackers and the newspapers.
lnxw48a1's status on Saturday, 30-Dec-2017 03:47:29 UTC
@Gargron Answer: you can't keep track of all of them. Pick one or a small number that are of particular interest. Maybe one of them has some interesting characteristics; maybe another is seeing uptake by some industry that interests you; maybe another is tackling sky-high transaction fees; maybe one more is based on a sort of escrow to make transactions less risky. So you would choose from a smaller set of #cryptocurrencies instead of whichever one currently appears on the first page of the cryptocurrency exchange rate trackers and the newspapers.
lnxw48a1: @deadsuperhero @dtluna My understanding is that mining was designed to stop producing positive returns, so that miners would switch to transaction fees after a while. (But I should emphasize that there is a lot more reading about #Bitcoin and other #cryptocurrencies that I should be doing.)
lnxw48a1's status on Sunday, 26-Nov-2017 22:54:52 UTC
@deadsuperhero @dtluna My understanding is that mining was designed to stop producing positive returns, so that miners would switch to transaction fees after a while. (But I should emphasize that there is a lot more reading about #Bitcoin and other #cryptocurrencies that I should be doing.)
lnxw48a1: I haven't followed any links, but people are posting about a 10% drop in the #Bitcoin price today. #cryptocurrencies CC: @jeffcliff @moonman
lnxw48a1's status on Saturday, 02-Sep-2017 17:55:46 UTC
I haven't followed any links, but people are posting about a 10% drop in the #Bitcoin price today. #cryptocurrencies CC: @jeffcliff @moonman