rawtxapp

19 ms·

181.
by rawtxapp 5y ago
At those time scales, it's pretty difficult to predict anything imo. That said, Bitcoin has been declared many times before and it'll continue to be predicted, it always comes back stronger. 1: https://www.bitcoinisdead
182.
by rawtxapp 5y ago
That won't be the case forever, as the market cap gets larger and larger, the fluctuations get much smaller. I mean fiat currency and gold's value still fluctuate on a day to day basis, nothing is set in stone.
183.
by rawtxapp 5y ago
If you run a node on lightning, you would know how much transactions you've forwarded, so you can make estimates, especially if you run a large node (say Bitfinex that runs their own nodes), but lightning isn't public the same way
184.
by rawtxapp 5y ago
You just need a phone, that's it. Banking requires all the infrastructure, etc.
185.
by rawtxapp 5y ago
You can stay on lightning for exchanges, Bitfinex for example offers lightning deposits/withdrawals, El Salvador would too, considering they are using lightning right now.
186.
by rawtxapp 5y ago
Channel factories will bundle channel open/closes into a single transaction significantly reducing the burden on the blockchain. LN adoption is growing very nicely (1ml.com), there are lots of wallets and users now.
187.
by rawtxapp 5y ago
The blockchain settles the transaction and records the finality. Imagine a transaction as being a simple cryptographic signed message that sends 1 BTC to someone, you just broadcast it to the network and it gets recorded immediately. But
188.
by rawtxapp 5y ago
They are using lightning network which allows almost instant and practically free Bitcoin payments.
189.
by rawtxapp 5y ago
Strike is just one player in the lightning space, there are many other alternatives [1] (Phoenix is an easy to use non-custodial one). 1: https://lightningnetworkstores.com/wallets
190.
by rawtxapp 5y ago
There are easy to use non-custodial wallets (try Phoenix wallet).
191.
by rawtxapp 5y ago
There's a bunch of open source payment processors they can use [1], BTCPay is my favorite. I think strike and a bunch of other Bitcoiners are helping them. 1: https://lightningnetworkstores.com/services
192.
by rawtxapp 5y ago
When Bitcoiners bring actual facts to the table, people ignore it. Bitcoin has been used in the El Zonte town for some time now and lightning is functioning and allows almost instant and practically free Bitcoin payments, yet if you rea
193.
by rawtxapp 5y ago
Or, maybe just consider this, you are wrong and it ends up being very successful and more countries adopt it. For what it's worth, they have already been using Bitcoin in the El Zonte for some time now [1]. 1: https://www.
194.
by rawtxapp 5y ago
I'm not sure how you can say lightning doesn't work when it in fact does, 1ml.com shows you growing adoption and there are many private channels that won't even be known. There are many easy to use wallets, etc. Channel facto
195.
by rawtxapp 5y ago
Channel factories will eventually be able to bundle all these channel open/closes in a single transaction.
196.
by rawtxapp 5y ago
The adoption is increasing (1ml.com) and there are many easy to use wallets (Phoenix wallet is my favorite so far).
197.
by rawtxapp 5y ago
We started having decent decentralized exchanges fairly recently and there have already been days where they have processed more volume than centralized ones. It takes time to build/deploy/grow these exchanges (since they are esse
198.
by rawtxapp 5y ago
Great, what's your proposal for the alternative then? Are you talking about the stock market? Or the companies that have already more or less destroyed the planet to extract every last bit of profit?
199.
by rawtxapp 5y ago
Non fungible tokens are by definition not interchangeable. Whereas things like Bitcoin and Ether are fungible, meaning there's no difference between my 1BTC and your 1BTC.
200.
by rawtxapp 5y ago
It is useful if you consider having a non-governmental/internet native currency a useful thing. If you don't see any value in that, it's gonna be hard to justify that computation.
201.
by rawtxapp 5y ago
That refers to the concept of coinbase, not coinbase the company. It's a technical term on the blockchain for the coins dispensed to the miner.
202.
by rawtxapp 5y ago
Those kind of sites have the notorious chicken and egg problem and are pretty hard to grow. So just a simple manual moderation a few times a day should be good enough, Google won't index you very quickly anyways.
203.
by rawtxapp 5y ago
These hacks have always happened, the difference is that, in the past, the users data would get sold on the black markets, now instead these hackers can get paid directly by the company more easily. What you should blame instead is companie
204.
by rawtxapp 5y ago
I mean nothing is 100% secure, including our current financial system. There's non-zero chance that the whole system could collapse tomorrow (even worse than in 2008). Also, big difference wrt to something like heartbleed is that any
205.
by rawtxapp 5y ago
The flip side of that is, any smart contract that has stood the test of time (say compound, makerdao, etc) should be expected to be rock solid , because the incentives to hack them are very strong.
206.
Trump calls Bitcoin a scam against the dollar(independent.co.uk)
4 points by rawtxapp 5y ago|0 comments
207.
by rawtxapp 5y ago
The point is, you should be afraid today too (or better word, more careful). What you have right now is a false sense of security.
208.
by rawtxapp 5y ago
I agree, I think they should help him, but I also think it would open a whole can of worms. The fact is, no matter how much time/energy/effort they spend, they will never eliminate all scams, scams would just become more and more
209.
by rawtxapp 5y ago
A good friend of mine has ~98% of his savings in BTC since 2015 and know quite a bit of other people with high % of their savings in it. For those that can ignore the short term volatility, who have good incomes as safety nets (say FAANG jo
210.
by rawtxapp 5y ago
If someone technical enough to have a hardware wallet and "smart" enough to have amassed half a million dollars falls for this scam, I think it tells you more about how much (misplaced) trust they put in Apple rather than how care

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