You laugh at btc now... but eventually btc will have it's day to laugh back at you... and then you can go back to 3 months of laughing at btc lol.
Bitcoins/Litecoins/Virtual Currencies
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Tmac
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James
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No, I will keep laughing at a bunch of crypto boomers thinking they struck digital gold but really it's just a meme coin because you can't do anything with it except trade it and tell other people to trade it.
wow my joke about btc doing well for 1 day of 3 months apparently wasnt enough of a joke for everyone to tell lol...
Caliane
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well i mean, I just told a story about the roofer accepting Bitcoin. and, if I go with that guy theres a pretty high chance I would also pay him in btc. Eth is of course an option too. he'd probably take that. job is 6-8k. and I don't have that in nano or xlm, so probably won't even try.
Eth is not actually any better as a currency though. gas fees. Moonshot value increase. its worse atm, since who would sell eth currently?
crypto as an investment AND a currency is obviously a bit of an issue. its stifles commerce, as its more valuable to sit on like scrooge mcduck. Inflation... does actually serve a purpose. fiat is best used to buy things, and invest in actual entities. not sit on it. the issue is more, wages/salaries being flat rates, and not scaling with inflation directly.
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Flobee
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You can put some Bitcoin up to route for the lightning network. It takes some work and maintenance to get meaningful returns. You're actually providing service to a real network rather than pooling capital into a shitcoin circle jerk though. Probably not worth the effort unless you're a "crypto boomer" and believe in it
There is also BTC's version of Defi, I've not used it so can't speak to how well it works.
www.sovryn.app
There is also BTC's version of Defi, I've not used it so can't speak to how well it works.
Sovryn - DeFi for bitcoin
0% interest loans with Sovryn's Zero protocol. Borrow ZUSD or DLLR against your Bitcoin in a fully decentralized system. Increase your earning potential today.
www.sovryn.app
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LachiusTZ
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Caliane
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thats fair.
btc:
Bitcoin is very expressly supposed to be a transactional currency.
Eth:
Eth is very clearly saying, platform and protocol, and never makes any claim to even try at being a transactional currency.
which was one of the reasons I leaned into Eth more in the first place. BTC even if a "store of value", was clearly failing one of its intended uses. Currency. while Eth IS doing exactly what it was supposed to.
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James
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Yeah, you could pay him in a meme coin if he believed in the meme enough like he does Bitcoin. There is almost no technical difference between Bitcoin and Dogecoin.
I suspect RSK will go the way of Lightning - almost 0 adoption after years of being live on mainnet with developers telling you that using it is reckless. Bitcoiners are memesters who don't understand why smart contracts are important.
Rangoth
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Not just a placeholder. I turned my ETH into ETH2 on coinbase and. Its now staking at 6%. They say I cant withdraw it until ETH2.0 hits which may be 2 years but that was intention for ETH anyway.
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Caliane
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I'm still on "the waiting list" at coinbase. I'm debating staking eth on kraken. I was kindof waiting for rocketpool. but thats still in testing, etc.. also the question of eth-reth tax now.
kraken also has the, if you stake, its stuck there, you can't remove it, can't even remove the rewards. Whats better? stake now, and get rewards now, for ?? till I can unstake it. or, waiting, and get higher rates from rocketpool whenever thats ready.
kraken also has the, if you stake, its stuck there, you can't remove it, can't even remove the rewards. Whats better? stake now, and get rewards now, for ?? till I can unstake it. or, waiting, and get higher rates from rocketpool whenever thats ready.
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I still have a bit of BTC. And regardless of if it's a "meme coin" or "useless" the fact is right now it has the market cap dominance that it isn't going anywhere. And I suspect it will have another leg in this bull market, which means there will be a more profitable place to exit the position.
With that said while it is trading sideways I have been covered on a growth front by having positions in ADA and MATIC.
Full disclosure :
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Kraken is adding MATIC on Monday. Not sure if this is significant, but, cool.
blog.kraken.com
RARI, GHST and MATIC trading starts May 17 - Deposit Now
Ethereum remains a driving force behind cryptocurrency innovation. In the last year, it has played host to an explosion in digital art and created a multi-billion dollar market. This has underlined the need for effective scaling solutions. To that end, Kraken is supporting three new assets...
blog.kraken.com
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swayze22
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What coin does anything then? Only the DEFI coins have people utilizing them for stuff other than holding & collecting interest. and ETH seems to be the barrier to all that actually working like a "legitimate"/practical financial system with gas etc.
Why? you don't have "ETH2". that's not accurate. You just have ETH you can't do anything with.
Someone correct me or enlighten me please.
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Yeah, sounds like instead of ETH2, they need to call it "Staked ETH". Although in the long run when ETH2 hits apparently there will be a transition and all ETH will "become" ETH2....
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