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That you can still buy/sell the FTT token is pretty funny. seems like cryptocurrency has become a casino for IRL events via tokens. Where real events are treat

That you can still buy/sell the FTT token is pretty funny. seems like cryptocurrency has become a casino for IRL events via tokens. Where real events are treated as transactions reflected in $$$ [1]. also seems most of the interesting cryptocurrency activity (like million dollar liquidations) happens entirely off blockchain, on centralized exchanges (maybe?). [1] https://insidebitcoins.com/news/arg-sinks-almost-30-after-world-cup-loss-against-saudi-arabia https://insidebitcoins.com/news/arg-sinks-almost-30-after-wo...

throw_me_5555 4y ago
It was always funny to watch BTC news and it's impact on prices. The "this is good for Bitcoin" slogan is not that weird when prices overreact to news, go in opposite direction than the expected impact of new information or has huge swings in price while nothing happens on financial markets.
donkeyd 4y ago
> seems most of the interesting cryptocurrency activity (like million dollar liquidations) happens entirely off blockchain, on centralized exchanges (maybe?). Correct. I commented this before, but if you compare (for Bitcoin) total daily transaction volume from Coinmarketcap (which probably isn't complete) to the actual transaction volume on the blockchain, something like 80% of transactions does not involve the blockchain. At least, that's from the top of my head from the last time I did the math. And those blockchain transactions are probably in part moving from hot to cold storage by exchanges and people moving around crypto through personal accounts. If decentralization is the main feature of crypto, then we might as well stop using it right away, since nobody seems to actually care about it.