washedup

11 ms·

91.
U.S. regulators exploring how banks could hold Bitcoin – FDIC Chairman(reuters.com)
62 points by washedup 5y ago|77 comments
92.
by washedup 5y ago
This is a great discussion for anyone scratching their heads about what is happening in economics today.
93.
by washedup 5y ago
I attributed it to multiple events (etf, inflation, speculation), not one.
94.
Pinterest shares soar following report PayPal may buy it(cnbc.com)
3 points by washedup 5y ago|0 comments
95.
by washedup 5y ago
LOL this is a very rebellious thing to do (editorialize the title) but I got a good kick out of it regardless. Hacker News is bad at understanding the game theory behind Bitcoin and why it will stick around. Instead they see it as suboptima
96.
by washedup 5y ago
Why not? Simple narratives usually win out.
97.
by washedup 5y ago
Most likely related to SEC allowing futures ETFs to launch as of yesterday (creating more exposure to retail and retirement accounts), but overall there continues to be inflation pressures across the world that are driving some people to bu
98.
The Greatest Game(medium.com)
1 points by washedup 5y ago|0 comments
99.
by washedup 5y ago
People should decide for themselves. Some basic legislation (which will come eventually) will help a lot too. But investing is always risky (particularly for this space). With regards to criticism, that’s always essential, but it’s good to
100.
by washedup 5y ago
Bugs me when someone seemingly hyper intelligent breaks down things of technical nature that involve human psychology but completely miss the point. Value is a human construct. It is different for everyone, and almost always subjective (yes
101.
by washedup 5y ago
These are some great additions. Thanks!
102.
Bitcoin Net Zero – What it will take to turn the crypto green [pdf](nydig.com)
2 points by washedup 5y ago|0 comments
103.
by washedup 5y ago
Thanks for the Friday humor!
104.
Texas governor signs voting restrictions bill into law(cnn.com)
11 points by washedup 5y ago|2 comments
105.
by washedup 5y ago
As a country where remittances make up roughly 20% of the GDP, and with remittance fees as high as 20% or more, this could boost GDP by 4-5%. Not surprising to see them be the first to do this. Others will likely follow.
106.
Cardano’s Alonzo Purple upgrade imminent(finance.yahoo.com)
1 points by washedup 5y ago|0 comments
107.
by washedup 5y ago
I only brought it up because you asked, but no, not worth my time to dig up the data and articles. This is a journey we will all go on. Here is a simple article to get you started, but I promise, there is a lot more info out there if you se
108.
by washedup 5y ago
I've done research myself. Thanks. You should read about Lightning Network.
109.
by washedup 5y ago
What about gold? It's been around for thousands of years first as a medium of exchange and today as store-of-value, but is never used for transactions today. That's doesnt make it "bad money", it just makes it different
110.
by washedup 5y ago
Better than nothing. A lot of estimates I've seen try to solve for these issues but there isn's a completely clean way to do it.
111.
by washedup 5y ago
You should do more research! Many people living in countries with crumbling economies are actively using bitcoin. Venezuela, El Salvador, Nigeria, Ghana, Kenya, Zimbabwe, Eastern Eruope, etc etc. You may be asking "what? bitcoin too vo
112.
by washedup 5y ago
They measure (estimate, really) based on how many wallets/address exist on the blockchain.
113.
by washedup 5y ago
HN algo biased towards crypto ;)
114.
by washedup 5y ago
Excellent point - does one exist (an easily audited stablecoin)?
115.
by washedup 5y ago
Thanks for the context, it makes sense. The way I see it, a Tether collapse would simply remove some volatility and volume from other crypto markets, but it's possible that if this is putting huge sell pressure with shorting today, tha
116.
by washedup 5y ago
This is an interesting point from SEC's perspective... how can they manage that? Would the solution be to simply ban it's use in the United States (both Tether and Bitfinex)?
117.
by washedup 5y ago
Right, I agree that lots of people are holding Tether, mostly exchanges, market makers, and liquidity pools if I had to guess, but unclear. If that Tether was proved worthless, anyone who used Tether to buy crypto still gets to keep their c
118.
by washedup 5y ago
Yes, correct, thanks for the comment. I guess I see the people who are buying Tether (exchanging bitcoin for Tether for example) are market makers or lenders and appreciate the liquidity that Tether offers, who would certainly be crushed by
119.
by washedup 5y ago
Got it - that makes sense... they would certainly be hurt by this and likely have to liquidate crypto holdings to recover.
120.
by washedup 5y ago
Who the hell even holds Tether? Don't people get it and then convert into a different crypto pretty quickly? If all remaining Tether got "burned" after they got shut down, wouldn't it's impact on crypto markets be r

More ›