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He hasn't bought it, but our forum's very own @lsa has used 10 Radeon VII GPUs to mine Etherium in 2020/2021.
That sounds like something I would do
He hasn't bought it, but our forum's very own @lsa has used 10 Radeon VII GPUs to mine Etherium in 2020/2021.
The use case for crypto is still shaky at best
Could you share more info on the process? I have several coins but I've never done an unstaking.I just unstaked a large portion of my Cosmos and sold some FET at 2.40. Next sale is 3.25.
I had it staked in my Exodus wallet. I just hit unstake and confirmed the amount. Then I have to wait 21 days. That’s it. I saw Cosmos start to climb so I figured it’s time to have some unstaked so I can take some profits if it continues to climb.Could you share more info on the process? I have several coins but I've never done an unstaking.
You can PM if you prefer
But do you get rewards, or are they already calculated in your current total?I had it staked in my Exodus wallet. I just hit unstake and confirmed the amount. Then I have to wait 21 days. That’s it. I saw Cosmos start to climb so I figured it’s time to have some unstaked so I can take some profits if it continues to climb.
I get auto rewards once a week and it is automatically restaked. The unstaked is no longer accounted for obviously.But do you get rewards, or are they already calculated in your current total?
It has advanced the tech and how they operate. Do you think the Fed and banks aren’t going to copy and take what we have already advanced and learned in crypto?The problem is that the concept of a digital currency totally makes sense, but it is much easier to implement within the traditional banking system than outside of it. FedNow allows for instant and cheap money transfers. More systems will enable similar smooth transfers. The problems presented by crypto far outweigh the issues it solves. Traditional banking uses trust instead of a 'trust no network' approach. Look at how much fraud and fubars result from people "being their own bank." It just isn't something the general public or any business really wants to get involved in, and there is nothing about it that is user-friendly. Are you expecting the public to guard a secret passkey? 20% of bitcoins are estimated to be lost forever because their passwords were lost. The whole thing is nebulous, and all institutions can easily implement something with similar perks without all the lumps.
We are 12 years into Bitcoin and likely will be talking about adopting being just around the corner in another 10 years. Backers at some point will quit trying to sell it as a new currency but instead something like a safe asset reserve, which defeats the whole point of the whole thing. I don't think cryptocurrency in general would have gotten any attention 12 years ago if they knew how far long it would be in 2024. It is still circle jerking and trying to find some other fool to hold the bag. It has gone no where as a currency.
What an evil bastard.@lsa Is working on making a SherCat crypto coin
It has advanced the tech and how they operate. Do you think the Fed and banks aren’t going to copy and take what we have already advanced and learned in crypto?
It’s also to circumnavigate banks and the Fed having total control of your money. We are reaching a point where banks and the government can just shut your money down when they want. First it’s to stop criminal activity. Then it’s to stop anything they see fit. Protests, false information, or even whenever they seem fit.And they should and have. The best ideas of crypto are best implemented without using blockchains. Blockchains are too cumbersome, slow, and expensive to keep up with the number of transaction that take place in real life like with credit cards for example. Going to a trustless system is pointless when the burden far exceeds the expense due to a few bad actors. At that point, it is nothing more than wanting to circumnavigate banking regulations for criminal activities and taxes.
Exactly like a pyramid scheme, that’s how.Well that's very interesting.
How do those things work?
Stocks?Exactly like a pyramid scheme, that’s how.
Bitcoin and Ethereum mainnet are slow but current blockchain networks and L2s have a TPS rate that far exceed the credit card ones. And are cheaper too.And they should and have. The best ideas of crypto are best implemented without using blockchains. Blockchains are too cumbersome, slow, and expensive to keep up with the number of transaction that take place in real life like with credit cards for example.
No, a stock’s price is at least partially a function of a firm’s product and how much money it is making. A cryptocurrency’s price is based solely on how many other people are buying a cryptocurrency. There is no other driver for its demand. For a product, of which a stock price is a function, the driver for demand is based on people’s need and desire to buy that product as well as the price of substitutes and everything else that affects a product’s demand.Stocks?
It’s also to circumnavigate banks and the Fed having total control of your money. We are reaching a point where banks and the government can just shut your money down when they want. First it’s to stop criminal activity. Then it’s to stop anything they see fit. Protests, false information, or even whenever they seem fit.
Just when I thought you couldn’t say anything more ignorant. You’ve exceeded my expectations.And they should and have. The best ideas of crypto are best implemented without using blockchains. Blockchains are too cumbersome, slow, and expensive to keep up with the number of transaction that take place in real life like with credit cards for example. Going to a trustless system is pointless when the burden far exceeds the expense due to a few bad actors. At that point, it is nothing more than wanting to circumnavigate banking regulations for criminal activities and taxes.
So basically, you buy some amount of crypto. Then, how much the crypto you bought appreciates or depreciates depends on how many people purchase it after you do. Kind of how I’m a pyramid scheme your paycheck depends on how many other people you can suck into the scheme.