Message from @.B

Discord ID: 492702525409984525


2018-09-21 14:08:24 UTC  

And the crypto that will survive is the one that can be used for purchases, because that's the only thing that gives it value. If it can't be used as a medium of exchange then it's just bits with interesting properties.

2018-09-21 14:11:03 UTC  

Yeah, purchase with stores will be the big thing. It's really niche atm. I'll use that or eth for transactions but theyre typicall from very niche vendors.

2018-09-21 14:15:25 UTC  

BTC isn't too bad for latency right at this moment, but earlier this year it was retarded. Hours and hours and hours.

2018-09-21 14:16:29 UTC  

ETH is not really beating BTC in terms of latency right now, but it didn't have the same ridiculous peaks.

2018-09-21 14:19:01 UTC  

you can't complain about latency

2018-09-21 14:19:13 UTC  

latency is a given in Blockchain

2018-09-21 14:19:30 UTC  

yeah, but if there's massive volatility at the same time as massive latency you have severe issues.

2018-09-21 14:19:41 UTC  

transactions where you can lose your entire profit margin.

2018-09-21 14:19:57 UTC  

there isn't "massive latency", you compete to have your transaction done

2018-09-21 14:20:13 UTC  

if there's more competition and you pay low, it takes more time

2018-09-21 14:20:15 UTC  

a few minutes is generally not enough for that to be an issue, but a few hours coupled with 10-15% price swings in a day is.

2018-09-21 14:20:51 UTC  

i don't care how the software works. i care about not losing money when i sell something.

2018-09-21 14:20:55 UTC  

profit margin doesn't come into play, most profit is done off-chain

2018-09-21 14:21:08 UTC  

that's why exchanges are a thing

2018-09-21 14:21:35 UTC  

>i don't care how the software works.
here is your **problem**

2018-09-21 14:21:41 UTC  

ignorance

2018-09-21 14:23:11 UTC  

the ignorance goes both ways here because you're ignorant of what vendors care about.

2018-09-21 14:23:42 UTC  

they simply won't use cryptocurrencies

2018-09-21 14:23:43 UTC  

¯\_(ツ)_/¯

2018-09-21 14:23:49 UTC  

and if vendors aren't going to use btc because they routinely lose on transaction, then btc is not going to gain widespread use.

2018-09-21 14:23:56 UTC  

or they use a middleman

2018-09-21 14:23:58 UTC  

like most do

2018-09-21 14:24:16 UTC  

MOST btc transactions are off-chain

2018-09-21 14:24:18 UTC  

and the value of the currency is contingent on it being a widely used medium of exchange. if it isn't then it's just ones and zeros.

2018-09-21 14:24:49 UTC  

if you don't understand that merchant trades don't even do BTC transactions, all this discussion is a waste of time

2018-09-21 14:25:09 UTC  

you use a middleman, transactions are instant

2018-09-21 14:25:11 UTC  

done

2018-09-21 14:25:44 UTC  

most ERC20 tokens are doing most shit off-chain and companies keep throwing money at it

2018-09-21 14:25:45 UTC  

https://cdn.discordapp.com/attachments/398973785426100234/492702983809925122/nsfw.jpg

2018-09-21 14:37:34 UTC  

https://cdn.discordapp.com/attachments/398973785426100234/492705959659962378/8421ff7e7bea008b.jpg

2018-09-21 15:05:28 UTC  

>the crypto that will survive is the one that can be used for purchases
so btc then
because lightning network

2018-09-21 15:26:42 UTC  

blockchain is way more than currencires

2018-09-21 16:48:29 UTC  

https://cdn.discordapp.com/attachments/398973785426100234/492738906446364672/ByGzX.png

2018-09-21 16:50:14 UTC  

https://cdn.discordapp.com/attachments/398973785426100234/492739345573478401/Z6fXJs9.jpg

2018-09-21 16:53:03 UTC  

https://cdn.discordapp.com/attachments/398973785426100234/492740051936215056/l5ve1gl30mn11.png

2018-09-21 17:09:01 UTC  

https://cdn.discordapp.com/attachments/398973785426100234/492744072121942036/42272340_2114894348555033_4201756687381561344_n.png

2018-09-21 17:09:45 UTC  

those posts are so easy to debunk

2018-09-21 17:10:05 UTC  

just comment you were raped by her

2018-09-21 17:11:18 UTC  

why

2018-09-21 17:11:37 UTC  

I thought "why would anyone believe you" but that's the point

2018-09-21 17:11:42 UTC  

good job me