This is too good. The story you’re talking about used more gold than Bitcoin! 😂😂😂😂
Except gold has other applications. Brings us back to the original question. Why is it scarce when there is no use for it?
No, no, no. Brings us back to nothing. Take the L here. You brought up a story where a guy lost money because of Bitcoin but he instead lost it because of gold. You should be given a timeout from this thread. 😂
So no Bitcoin was used in that scam? Love the alternative facts. I brought up that there is no application for Bitcoin except for ransom or scammers. Glad to be proven wrong. Also waiting for @T2Kplus20 show where he got his stat about gold from.
Quick Google for you.
Meh, they also moved 10k of their seized Bitcoin to Coinbase yesterday, likely to dump it. Actions speak louder than words.
There’s no use for a global currency that can be transferred immediately on the most secure network ever built and can’t be controlled by governments/banks? Thats interesting.
Ask and you shall receive - quick counter argument:
Not getting political (or racist)…will be interesting how this plays out…Harris wants to give free loans to a group of people that 20% have owned cryptocurrency??? If someone has disposable income or cash to buy crypto they don’t need free money.
The race wrinkle in Harris’ crypto position is perhaps one of the oddest ways I’ve ever seen a candidate try to boost voting numbers in a particular race/demo. The most interesting part is I never knew such a high percentage of black men own crypto = meaning why would they then need free money/loan? To buy more crypto?
F’ing love it!
Just for my own edification, what do you mean by “adoption”? There seems to be this misconception that the BTC transaction thesis is still in play. Admittedly this article is a bit dated but there is a reason nobody talks about the BTC Mecca known as El Salvador:
Two different things (stablecoins and btc). I think this quote from Stripe’s CEO sums it up well…
If Stripe can build a stablecoin infrastructure that addresses big issues like AML, fraud, etc. for cross-boarder transactions, how will that impact BTC? Also, Stripe is obviously doing this deal to make money - isn’t Stripe just becoming another financial institution that is going to assess fees on transactions making the whole “low fees” argument go down the drain?
In theory, more money on chain would be good for Bitcoin but you’d have to see how exactly this plays out. I don’t think this will have much or an impact on Bitcoin.
FWIW, I can see the utility of stablecoins but I suspect that if Stripe and others can nail the infrastructure …in 20 years Stripe will look just like a modern version of current financial institution or credit card company layering on transaction fees.
FWIW, your answer is the only reason Trump and crypto gov’t bulls are in the game. None of them believe it’s real. And I’m not suggesting that’s a problem as long as crypto risk doesn’t one day crash the market. Heck, my 15 year old son is all over crypto and I have been encouraging him to do so.
