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> The transition to crypto currencies is happening faster than ever Except I have yet to see any convincing indicators that crypto currency is actually being u
by war1025 6y ago
> The transition to crypto currencies is happening faster than ever
Except I have yet to see any convincing indicators that crypto currency is actually being used for day to day transactions.
Everything I see suggests people are hoping it's the next gold rush and they'll strike it rich based on timing alone.
(Which is not to say I don't sometimes think about how back in 2011 I toyed with the idea of buying 1000 bitcoins just for kicks when they were ~$1 each.)
- da02 6y agoHow did people buy bitcoins back in 2011? Did you have to send a check to the seller?
- kinghajj 6y agoMtGox and BitStamp were the two biggest exchanges back then.
- gruez 6y agopaypal worked, as long as you had a reputation (and therefore wouldn't chargeback).
- thinkmassive 6y agoIt was also trivial to mine it yourself back then, first with CPU then with GPU. Some miners dabbled with FPGAs in 2012-2013, but the difficulty adjustment wasn't hit hard until ASICs started being used in 2013. Since then it's only been profitable to use the latest few generations of ASICs.