Message from Tanner - SC in MacGuyver - Skills & Academics #cryptocurrency
@ThisIsChris "I just want to see if I can make a buck on it"
This attitude is exactly why a lot of people will lose their ass in the next 6 months on crypto.
@Tanner - SC But isn't that the point? That people see the value in the technology and want to make money off of it? Otherwise it will eventually whither on the vine.
Some of the cryptos bring utility to areas that didn’t exist before. Other cryptos are only being bought because other people are buying and people want to make money off of the greater fool.
@Tanner - SC yes of course but in the mean time many alt coins will bubble up before fizzling out and there's no point in not making some money on it if you can. Of course I wouldn't park my money *long term* in something that didn't have good fundamentals. Basically, some cryptos are the kind you can introduce to your mother, and other cryptos are just there for a pump and dump.
What do you guys think about mining altcoin, is there money to be made there?
Coinbase the best for crypto purchase? Still deciding on bitcoin or ripple.
is exodus a good wallet
Transfer fees with exodus are very annoying
but it's a pretty nice wallet - from a noob (me)
@Deleted User you can buy with coinbase then transfer to other coins with something like shapeshift
Thanks. Here is something I don't get. Bitcoin was all about be completely anonymous, yet you provide everything to the crypto "traders" to buy. Find that not too full proof.
@Deleted User Yeah, it's bizarre. But if you want to support anonymous/private crypto-currency, you can exchange your bitcoin for those other coins.
Or just transfer your bitcoin to a different wallet and nobody knows that wallet belongs to you
Okay thannks @this_that5553 . Ok thanks! Still a bit over my head still, but will figure out. The whole transfer of wallets etc and detailed info needed. So much for real anonymity.
Only the exchanges require all the info upfront
to go from USD to BTC or whatever
I have sold out of ripple in favor of bch
BCH just seems very pedestrian. Simple, easy, quick. All good things
@Deleted User you have to provide ID info to exchanges because you’re interacting with the USD banking system.
@Deleted User you are thinking about it the wrong way around. bitcoin is anonymous. mining, trading, selling, buying, all can be done in privacy. the exchanges is where you get less anonymous because of problems with scaming. exchanges are not bitcoin or crypto. they give a platform for it to occur. there are exchanges where you can be completely anon. if you really wanted to be completely anonymous you would never buy in the first place, just mine, and only sell/hold for profit.
there are even places where you can go walk up to an atm and buy bitcoins or other coins.
You can trade on BTCe or other exchanges without ID if you're just doing crypto-to-crypto.
My point is that proving ID is not because "crypto is supposed to be anon but it's not", providing ID is because of USD banking regulations.
interesting content #1
just generally triggered content : *cryptocurrency (people using the term 'crypto' to mean that always confuse me, it's always meant "cryptography" or "cryptology") ... ) ✡ 😨
what it does have in common of course is trust
(*oh sorry,and sorry for spamming, in 'oy-vey.png' the lower right is gold)
i'm hugely bearish on BTC & coinalikes because of my general contrarian nature and that I think it is far, far, far too hyped and institutional shekels are meeting geek boners and the world-destroying force of techno-optimism, I think that there still maybe fun to had, but at the end of the day, the shekels aren't going to the ruggedly handsome libertarian with a musket, so to speak. as far as non-BTC coins, of course, there's too damn many of them ... basically, it's the dot com bubble, only instead of making computers spit out rainbows and unicorns and selling it to investors they're skipping the whole part about purporting to need rainbows and unicorns
@Deleted User used to be that you could just send some Russians cash in a vacuum sealed envelope.
but now mainstream bitshekels try to straddle a liminal between obviously illegal and legitimate investment, neither of which was exactly what the originators had in mind (but that's typical, look ath the Internet)
one expects such services still exist, but obviously aren't advertised and equally obviously are liable to be scams / this of course is all the fault of Silk Road, like most things (ask me my Ross Ulbricht story sometime)
So new to this, but basically use coinbase, then get their mobile app and I can use at a bitcoin atm via the qr code from the app?
Thanks btw for the previous info all. Still really new to me.
>Get $100 worth of BTC
>"Warning: Amount too low to cover costs of BTC fees"
Holy crap BTC sucks
@Tanner - SC The debate is _not_ between BTC and BCH but rather between BCH and all the other forks that happened around the same time
The other forks are going nowhere, BCH and BTC are the dominant players and worthy of debating. You might already be convinced that BTC is dead, but many others are not and need to see this debate.
I'm not convinced BTC is dead because it has name recognition and the software can be updated. It almost was a few months ago