rawtxapp

38 ms·

391.
by rawtxapp 5y ago
There are thousands of other cryptocurrencies that claim to have better tech than Bitcoin in terms of privacy, speed or fees. This is the case of having a better technology doesn't matter, Bitcoin came at a very lucky time and also gre
392.
by rawtxapp 5y ago
The 2nd layer always maps to the settlement layer as in you're still transacting in Bitcoin, you just don't broadcast the signed transactions to the whole network because you expect to continue your transactions. You can use eth o
393.
by rawtxapp 5y ago
I'm not sure that it's "better", we now have crazy high asset prices, the bubble is bigger than ever, all while the average worker's compensation has stayed relatively stable.
394.
by rawtxapp 5y ago
We had other global reserve currencies before USD and they have all lost their reserve status, it can and will happen to USD too, as other countries become more powerful.
395.
by rawtxapp 5y ago
I feel like beating a dead horse, but there's tons of L2 technologies at this point, lightning payment channels or rollups on eth, etc. The blockchain itself is like a settlement layer. Our current financial system is also layered simi
396.
by rawtxapp 5y ago
Personally, I'll start spending it when it's value stabilizes and that won't happen until it either "wins" as in becomes the global reserve currency or "loses" as in becomes worthless. If it were to freeze
397.
by rawtxapp 6y ago
100% agree, I think a lot of people became disillusioned about the state of things and many have lost quite a bit of faith in their governments and elected officials. That said, I wonder if people will just forget it all once things return
398.
by rawtxapp 6y ago
They changed it back after Bloomberg's article [1]. 1: https://www.reddit.com/r/wallstreetbets/comments/mreeny/re_o...
399.
by rawtxapp 6y ago
At 1$, Doge's market cap would be worth 129B$, that would be very interesting to see. At 10$, which a lot of people in their subreddit seem to think is within reach, it would be worth more than 1T$. It's like infinite supply.
400.
by rawtxapp 6y ago
So an exchange get's hacked and that makes the origins of Bitcoin criminal? That's like if a bank got hacked and we said US dollar's origin was criminal, it doesn't make any sense. So if you don't trust them, why wo
401.
by rawtxapp 6y ago
So you don't think it's valuable to give people power over their incompetent government? 7tps on the base layer, you're ignoring layer 2s and all other places where you can exchange crypto without it being recorded on the blo
402.
by rawtxapp 6y ago
Too late to be his co-founder? Very likely. Too late to get into crypto? Nope, still the very early days.
403.
by rawtxapp 6y ago
He didn't find one on HN (which is famously anti-crypto), he found his co-founder (Fred Ehrsam) through reddit.
404.
by rawtxapp 6y ago
The coins stored on Coinbase (and other crypto exchanges for that matter) are at all time lows, people are self-custodying their coins and using them on decentralized protocols where they don't have to trust centralized 3rd parties.
405.
by rawtxapp 6y ago
I trust Coinbase a lot more than Binance. Their fees on the Coinbase Pro exchange are actually more reasonable than the simple user facing app Coinbase app that they push. Especially once you start reaching certain volumes (above 50M$), the
406.
by rawtxapp 6y ago
The interest rate varies based on collateral: https://oasis.app/borrow/markets . Eth is between 3-9% depending on liquidation ratios, and wBTC is at around 4.5% and both of these numbers are drops in the bucket when you
407.
by rawtxapp 6y ago
This IPO significantly weakened the "gov will ban it" argument, it's like too big to fail now that it's in the hands of millions of retail and institutional investors alike.
408.
by rawtxapp 6y ago
> The fact that we powered through the last financial crisis without inflation... If you trust those metrics, yes everything is perfect. Prices at grocery might not have inflated, but assets certainly have, real estate is crazy expensive
409.
by rawtxapp 6y ago
It handled the black swan event of complete market crash at the beginning of the pandemic pretty easily. And the other thing is Bitcoin's market cap is well over 1T$ now, as expected the volatility goes down as the market cap goes up.
410.
by rawtxapp 6y ago
To me, value investing is when you already have a good idea of what something is worth, but it's trading below that value. That's great strategy if you know and understand a certain sector. It's very difficult to value futuri
411.
by rawtxapp 6y ago
One thing is, crypto is at the intersection of many disciplines at once, tech/finance/economy/psychology/game theory, etc. I'd if you try to start with a clean slate and no biases against it from the get go, spend s
412.
by rawtxapp 6y ago
It's just a smart contact vault, you can put collateral, take it out whenever you want, you just need to make sure that at any given point in time you have at least 150% of your debts value in collateral in the vault. This person is at
413.
by rawtxapp 6y ago
You wouldn't be selling those on the open market, institutions have been able to acquire billions of dollars worth of crypto OTC without moving markets. Another option is, now that it's becoming clear to people that Bitcoin is her
414.
by rawtxapp 6y ago
Netscape might have died, but it kickstarted the internet revolution in a major way.
415.
by rawtxapp 6y ago
I believe this is the proof why VCs chase those 10x numbers, I bet that that single investment has paid off all their failed investments and then some.
416.
by rawtxapp 6y ago
Just put a carbon tax on everything that has environmental externalities, it's as simple as that, it doesn't make sense to target a specific industry, especially one that uses stranded/renewable energy.
417.
by rawtxapp 6y ago
PoS is yet to be proven, I'm really hoping eth2 shows that it actually works, because the other ones with PoS aren't that heavily used or tested in adversarial ways. When it comes to money and value, the utmost important thing is
418.
by rawtxapp 6y ago
For anyone interested, they have a listing day page[1] and are doing a cofounder Q&A live in a bit[2]. 1: https://www.coinbase.com/listingday 2: https://www.youtube.com/watch?v=FuqkjklLSCY
419.
by rawtxapp 6y ago
I believe it starts with a reference price of 250$ per share.
420.
by rawtxapp 6y ago
Except currencies have much bigger market caps, it wouldn't have worked as a currency in that range (outside of a very small economy). We are now in the initial phase where it's being used as a store of value, but sooner or late

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