rawtxapp

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421.
by rawtxapp 6y ago
Are you implying they'll go bankrupt? Did you look at their financials at all? They blow any other "unicorn" out of the water on their IPO day (well technically direct listing).
422.
by rawtxapp 6y ago
I believe this is going to be a big milestone in raising awareness of cryptocurrencies and making them more mainstream. I would expect a lot of the "but the gov will ban it" arguments to be significantly weaker as crypto exposure
423.
by rawtxapp 6y ago
Sure, compared to their market cap, it's small. But it's 1.5B$, a very significant percentage of the cash they have on hand.
424.
by rawtxapp 6y ago
Personally, I'm with you, I just don't see how Tesla's valuation is justified. Their cars have QC issues and they have very formidable competitors. If I had to buy a car, I'd pick the Porsche Taycan over any Tesla any ti
425.
by rawtxapp 6y ago
Next up, they'll have to ban Tesla, Square, Coinbase, Riot, etc. Where will they draw the line? Pretty much the whole market has exposure to Bitcoin through SP500->Tesla at this point.
426.
by rawtxapp 6y ago
These are all over-collaterized, so you're usually borrowing up to 30% of your collaterals value, it's nowhere near the 2-20x leverage that you might get in traditional markets or leverage based exchanges. I think it makes a lot o
427.
by rawtxapp 6y ago
I think it's somewhat similar to innovator's dilemma, a lot of current tech leaders were once the underdog and now are at the top, so they end up becoming complacent and non-innovators or slow innovators like the companies they re
428.
by rawtxapp 6y ago
Square, Fidelity and Coinbase joined together to start lobbying group [1]. 1: https://seekingalpha.com/news/3679495-square-fidelity-coinba...
429.
by rawtxapp 6y ago
I think you're underestimating how many people own/are into crypto. A quick look into Coinbase's S1 alone shows that tens of millions of people in US have accounts with them and they are custody-ing billions of $ of instituti
430.
by rawtxapp 6y ago
If you have billions of dirty money to launder, you don't need to worry about cash, you just call your pals at HSBC [1][2]. 1: https://www.icij.org/investigations/fincen-files/hsbc-moved-... 2: https:/&
431.
by rawtxapp 6y ago
Sure, I guess my point is there will always be some kind of functional messaging in place. If people can communicate any message, they will be able to communicate the blockchain data. Satellites, p2p networks, ham radio, but again, I don&#x
432.
by rawtxapp 6y ago
You block on/off ramps and lose a lot of important information on these transactions, the people involved and tax revenue, seems like a losing proposition, but definitely doable. You can't stop people from running a software on th
433.
by rawtxapp 6y ago
I think it has more to do with the fact that for 10-20$/month you can subscribe to Netflix/Spotify and not bother with torrent. That said, torrenting is still alive and well.
434.
Square, Fidelity, Coinbase start cryptocurrency lobbying group(seekingalpha.com)
2 points by rawtxapp 6y ago|0 comments
435.
by rawtxapp 6y ago
If you believe in crypto, you can't go wrong with either one, one advantage of their stock is that you can invest through traditional means.
436.
by rawtxapp 6y ago
If history is any indication, we are still in the early cycle of the current bull run. I think they have delayed their IPO long enough, they were founded in 2012.
437.
by rawtxapp 6y ago
Nope, you can just use your existing coinbase account to login to it, it's just more "advanced" as in the UI isn't just a buy and sell button, but still very easy to use.
438.
by rawtxapp 6y ago
PancakeSwap which is running on a "decentralized" network, "CeDeFi" as CZ calls it, that's tightly controlled by Binance. I think the real solution are layer 2s, optimism comes to mind, but there are many others too
439.
by rawtxapp 6y ago
People have been saying that ever since Bitcoin existed. 1) they don't see it as a threat (ex: Powell comparing it to gold rather than USD) 2) it's actually generating capital gains tax, jobs and revenue for the country (by creati
440.
by rawtxapp 6y ago
> But I have no idea if people use that feature frequently. Looks like they made 4.57B$ in revenue with 97M$ in profit [1]. And "We’ve continued to see strong adoption, with 3 million customers [buying bitcoin] through the past year
441.
by rawtxapp 6y ago
I agree with you, I think their coinbase pro fees are relatively reasonable, but I just don't see why anyone would use the "normal" coinbase, the fees are very high, I suspect it's probably name recognition, ease of use
442.
by rawtxapp 6y ago
I think reddit ads are pretty underrated, they are fairly cheap, you can target specific subreddits and people in those subreddits tend to be passionate about the topic. If you allow them to comment on the ad itself, you might even get more
443.
by rawtxapp 6y ago
> but I will say that I've read both the Bitcoin and Ethereum whitepaper and there's nothing about grievances of traditional governments usage of printing of their currencies From Bitcoin's genesis block: "The Times 0
444.
by rawtxapp 6y ago
Centralized exchanges, lightning network, other blockchains (ethereum), other layer 2s on ethereum, etc. A settlement on the blockchain most likely corresponds to many other transactions elsewhere.
445.
by rawtxapp 6y ago
I mean you realize all those things you mentioned are happening right? Waters are polluted, global warming is real, oil/gold extraction destroys the environment. If anything, this problem is not limited to Bitcoin, we should put a car
446.
by rawtxapp 6y ago
You're completely ignoring layer 2 and other off-chain places where you can exchange Bitcoin. For example, while a transaction on-chain might move only 1 Bitcoin, it's very much possible that that Bitcoin has changed hands million
447.
by rawtxapp 6y ago
I prefaced it with "Whether you like it or not", because what you think doesn't matter, you don't get to tell people what has value and what doesn't, the market decides and there's currently a market with b
448.
by rawtxapp 6y ago
Whether you like it or not, Bitcoin's current market cap is 1 trillion$ (which btw is more than the GDP of many countries), when you look at it from that perspective, the energy spent to secure it is worth it.
449.
by rawtxapp 6y ago
So one hack and we write off a whole set of revolutionary ideas and projects? Have you looked into all the other big projects that are providing useful services to people? Maker, compound, aave, uniswap comes to mind.
450.
by rawtxapp 6y ago
They probably don't want to get their lunch eaten like news publishers that didn't pay attention to the internet.

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