For someone who can't even spell the word "crypto" you sure seem like an expert.
yeah, miss me with your bullshit response.
For someone who can't even spell the word "crypto" you sure seem like an expert.
Hello, poor person from third world country here. I buy & sell cryptos because i have around 40~50% inflation every year and i cant buy legaly other currencies.they are not doing anything is a distraction and a dodging mechanic used to gaslight.
cripto is fucking volatile and unchecked do you think for a second that a poor person in a third world country has the means to be running cripto.
An example or two wouldn't hurt.There are cryptos out there that are doing incredible things for 3rd world countries.
Hello, poor person from third world country here. I buy & sell cryptos because i have around 40~50% inflation every year and i cant buy legaly other currencies.
This isn't going to stop people mining, as long as it's profitable they'll continue.
To attack a stranger that posts on issues that are real in the world and to actually use a quote that I didn't say is outright ridiculous. So I appreciate different values of opinion with context and reason (which you did not provide).What a childish stance. If you can not differentiate good and bad policies and simply apply a blanket "China bad" lens to everything, then there is no point looking at policies from any major global power.
Not to mention the implicit sinophobia to automatically apply "negative sentiment" to everything China does. The western MSM consent manufacturing machine is working I guess.
Clearing the way for the Yuan-coin. Not joking.
Why China's digital yuan is 'largest threat to the West' in past 30 or 40 years, according to Kyle Bass
Kyle Bass, chief investment officer of Hayman Capital Management, says that the biggest threat to the West is the advent of the digital yuan, which he has...www.marketwatch.com
Coins are speculation of value and participation on a specific blockchain. Fiat currency is almost the same (based on participation and speculation).Block chain is an amazing technology. But these "coins" are not currency.
Can we get a list of those incredible things it does for 3rd world countries so we can compare it with its negative aspects?There are cryptos out there that are doing incredible things for 3rd world countries.
They are useless as currency, when tesla accepted Bitcoin as payment for a short time it was easier to just buy the car with cashCoins are speculation of value and participation on a specific blockchain. Fiat currency is almost the same (based on participation and speculation).
In small countries where their local currencies are hyperinflated and cannot access other forms of major fiat currency.Can we get a list of those incredible things it does for 3rd world countries so we can compare it with its negative aspects?
Then they use USD, instead of Crypto. Don't they?In small countries where their local currencies are hyperinflated and cannot access other forms of major fiat currency.
Coins are speculation of value and participation on a specific blockchain. Fiat currency is almost the same (based on participation and speculation).
Coins are speculation of value and participation on a specific blockchain. Fiat currency is almost the same (based on participation and speculation).
An example or two wouldn't hurt.
I'm being genuine too, as I'm really curious.
There are other cryptocurrencies that have MUCH lower fees. Bitcoin is used actually for a storage of value (similar to gold but fits on a flash drive), it's not meant to be an everyday transactional form of payment.They are useless as currency, when tesla accepted Bitcoin as payment for a short time it was easier to just buy the car with cash
and like another person said in here you would be charged 20$ worth of bitcoin in a transaction to just buy a loaf of bread
and If they aren't good for real world uses then what are they good for
A store of value is land or a savings account something that doesn't drop 50% in 1 weekThere are other cryptocurrencies that have MUCH lower fees. Bitcoin is used actually for a storage of value (similar to gold but fits on a flash drive), it's not meant to be an everyday transactional form of payment.
Decentralized finance needs to happen. Anyone who is against that is supporting outdated systems that have had major banks and or governments control money since it's existance.
What? this doesn't even make sense when most of the people in 3rd world countries don't have proper access to internet and basic amenities in general. You think they have flawless access to internet and use Cypto for daily transactions?
You comment sounds like snake oil.
Coins are speculation of value and participation on a specific blockchain. Fiat currency is almost the same (based on participation and speculation).
I honestly doubt that the average joe in a 3rd world country is using crypto currencies for the daily needs.In small countries where their local currencies are hyperinflated and cannot access other forms of major fiat currency.
Yes, yes - it's 4chan - but considering it actually happened, there might be some merit to these "leaks".
You don't understand era needs the gpusChinese citizens are being blocked from liquidizing their capital and Era is out cheering on the PRC lmao. I am just so shocked right now. People are missing the forest for the trees.
Chinese citizens are being blocked from liquidizing their capital and Era is out here cheering them on lmao. I am just so shocked right now.
I'll be honest with you. As a black American, the last thing I'm going to do is question people doing what they have to do to survive. It's always the privileged who preach and tell you to choose homelessness for a good cause. $30k USD is life-changing money where I am from too.So this is all within my group of friends:
One of my friends made about 30000 US dollars out of the last Shiba spike. Down here in Argentina, that's almost life-changing money. Certainly the downpayment for a decent mortgage on an apartment or house (owning property is pretty much the endgame if you live in argentina, well that or migrating to a 1st world country...)
Another one of my friends got laid off last year when the company we both worked for made massive cuts due to covid. He managed to stay afloat mining ETH (still hasn't found a job), he's no millionaire but he's getting by.
Our genius government decided (again) to limit the purchase of foreign currency to 200 USD per month. Crypto allowed us to bypass that limit by purchasing crypto with our local currency (Peso) and then selling that crypto to USD, effectively securing our income against the inflation generated by an inefficient and corrupt state.
I got tired of getting left behind on these trends so I invested $200, made $1200 in over a month. I'm fully aware its the wild west at this point and I wont argue against the environmental damage (though there are coins that are moving away from GPU mining), but the results cannot be denied.
Have you heard about the digital yuan?but they'll probably create their own coin and try to get the world to buy in.
Someone is gonna get caught holding the bag when this thing tumbles down. They might just be some of the first.Chinese citizens are being blocked from liquidizing their capital and Era is out cheering on the PRC lmao. I am just so shocked right now. People are missing the forest for the trees.
Im in a group FB BTC with 100k people, we are in a third world country.I honestly doubt that the average joe in a 3rd world country is using crypto currencies for the daily needs.
but it doesnt matter bitcoin is bad the only case for it disqualifies it because if we are at a point where the global economy collapses there isnt going to be daca centers running bitcoin anyways.This is what I don't understand. You can hate on cryptocurrency but why do you think China is doing this; because of their love of the environment? They just want to push outside influences away because they can't regulate it. I don't want to go tinfoil hat, but they'll probably create their own coin and try to get the world to buy in.
I'll be honest with you. As a black American, the last thing I'm going to do is question people doing what they have to do to survive. It's always the privileged who preach and tell you to choose homelessness for a good cause. $30k USD is life-changing money where I am from too.
Why does your government limit the purchase of foreign currency? Is it because the value of USD is so much higher, I'm guessing?
A selected group of 100k people is not "the average joe" even if its a large public group. Thank you for understanding that.Im in a group FB BTC with 100k people, we are in a third world country.
Please dont think we dont know what to do with our money to have a bit better life quality.
They already created their own digital Yuan and it's in trial all over China, HK, and just now started with Alipay and WeChat.This is what I don't understand. You can hate on cryptocurrency but why do you think China is doing this; because of their love of the environment? They just want to push outside influences away because they can't regulate it. I don't want to go tinfoil hat, but they'll probably create their own coin and try to get the world to buy in.
I dont know if crypto is mostly all dirty money, or are there any info regarding that? I'm honestly wondering. Its definitely true that crypto can be used for e.g laundering money because crypto is quite anonymously, and there are several of cases where this has happened, indeed, but considering how popular crypto has become in general, i am personally guessing that most of the transcations are people who legitimately trade/invest in it, hoping that crypto in general will find some real usage in the future and therefor maintain its value (or increase in value). Thats just my guess though :)GPU production aside, this is a good first step. Cyrpto has long been used to circumvent legal routes and it's mostly all dirty money. Granted, I'm sure new alt coins will come out that will utilize other parts, maybe CPU? Who knows. But the US should be the next country to implement something like this.
I agree that most people who trades/invest in crypto is basically just interested in the money that can be made from it, indeed, but i do think that there are people who believe in the tech/concept around crypto as well. If no one belived in the tech in some way, and didnt think that crypto can have some real use in the future, i personally dont think crypto in general would be worth much today. Or are you only referring to that not many care about exactly how the tech itself works (but they can still care about the concept itself without caring much exactly how it work on a technical level)? If so, i can see that being the case, that not many really care that much about exactly how the tech itself work, i agree.there really isn't.
Also whenever someone criticizes crypto some guy has to come in and go "well the tech is good and the blockchain blah blah blah", like can it nerd, everybody is in to crypto solely to make money. Stop pretending anyone actually gives a shit about the tech behind it or that is a "decentralized currency."
In small countries where their local currencies are hyperinflated and cannot access other forms of major fiat currency.
So huge power-hungry GPUs become good for the environment when it's used for gaming?
Becuase thats only an example.A selected group of 100k people is not "the average joe". Thank you for understanding that.