Reddit Posts
Daily Crypto Discussion - January 30, 2024 (GMT+0)
Daily Crypto Discussion - January 29, 2024 (GMT+0)
Daily Crypto Discussion - January 28, 2024 (GMT+0)
Everything to know about Moons before 'Moon Week' Returns on Jan. 29th.
Daily Crypto Discussion - January 27, 2024 (GMT+0)
Daily Crypto Discussion - January 26, 2024 (GMT+0)
Daily Crypto Discussion - January 25, 2024 (GMT+0)
Daily Crypto Discussion - January 24, 2024 (GMT+0)
Daily Crypto Discussion - January 23, 2024 (GMT+0)
Using high leverage : why wouldn't this work ?
Payment conversion to BC from CC before it hits my bank account?
Daily Crypto Discussion - January 22, 2024 (GMT+0)
Daily Crypto Discussion - January 21, 2024 (GMT+0)
MANTA ERC-20 token address? Anyone?
Daily Crypto Discussion - January 20, 2024 (GMT+0)
150K Stolen in Phishing Scam (Pink Drainer)
Daily Crypto Discussion - January 19, 2024 (GMT+0)
Daily Crypto Discussion - January 18, 2024 (GMT+0)
Daily Crypto Discussion - January 17, 2024 (GMT+0)
Daily Crypto Discussion - January 16, 2024 (GMT+0)
Daily Crypto Discussion - January 15, 2024 (GMT+0)
Daily Crypto Discussion - January 14, 2024 (GMT+0)
Daily Crypto Discussion - January 13, 2024 (GMT+0)
Daily Crypto Discussion - January 12, 2024 (GMT+0)
Daily Crypto Discussion - January 11, 2024 (GMT+0)
Daily Crypto Discussion - January 10, 2024 (GMT+0)
Daily Crypto Discussion - January 9, 2024 (GMT+0)
On January 17th 2024 Algorand will release its whitepaper outlining arguably the most important upgrade to its consensus protocol since its inception: consensus incentivization and P2P gossip communication protocol
Daily Crypto Discussion - January 8, 2024 (GMT+0)
Daily Crypto Discussion - January 7, 2024 (GMT+0)
Daily Crypto Discussion - January 6, 2024 (GMT+0)
Where can I buy bitcoin with a credit or debit card for immediate use?
Daily Crypto Discussion - January 5, 2024 (GMT+0)
Daily Crypto Discussion - January 4, 2024 (GMT+0)
Sold yesterday morning on just a hunch, how long should I wait?
New Year, $2.47 MILLION Drained from a Phishing Scam
Daily Crypto Discussion - January 3, 2024 (GMT+0)
Daily Crypto Discussion - January 2, 2024 (GMT+0)
Monthly News Summaries - January 1, 2024
Monthly Optimists Discussion - January 2024
Monthly Skeptics Discussion - January 2024
Daily Crypto Discussion - January 1, 2024 (GMT+0)
Celebrating and Recapping CryptoCurrency Moons in 2023.
Daily Crypto Discussion - December 31, 2023 (GMT+0)
Daily Crypto Discussion - December 30, 2023 (GMT+0)
Buy Bitcoin with CC then sell to pay off another CC
4.4M in LINK Stolen, Numerous ENS Wallets Connected
Daily Crypto Discussion - December 29, 2023 (GMT+0)
Apparently Ledger Wallet Tracks You Evertime You Use Your Hardware Wallet
Apparently Ledger Wallet Tracks You Everytime Use Your Device
Daily Crypto Discussion - December 28, 2023 (GMT+0)
Daily Crypto Discussion - December 27, 2023 (GMT+0)
Daily Crypto Discussion - December 26, 2023 (GMT+0)
Daily Crypto Discussion - December 25, 2023 (GMT+0)
Daily Crypto Discussion - December 24, 2023 (GMT+0)
Daily Crypto Discussion - December 23, 2023 (GMT+0)
Daily Crypto Discussion - December 22, 2023 (GMT+0)
The magic internet money strikes again: It's now legal to pact contracts in Bitcoin (and other CC's) in Argentina
Daily Crypto Discussion - December 21, 2023 (GMT+0)
It's Time for a Serious Talk about the Current state of Moons and the Pros/Cons Looking Foward.
Daily Crypto Discussion - December 20, 2023 (GMT+0)
Daily Crypto Discussion - December 19, 2023 (GMT+0)
Daily Crypto Discussion - December 18, 2023 (GMT+0)
Daily Crypto Discussion - December 17, 2023 (GMT+0)
Daily Crypto Discussion - December 16, 2023 (GMT+0)
I think I'm getting hacked, aswell as 100,000 other people.
Daily Crypto Discussion - December 15, 2023 (GMT+0)
Daily Crypto Discussion - December 14, 2023 (GMT+0)
Daily Crypto Discussion - December 9, 2023 (GMT+0)
Daily Crypto Discussion - December 8, 2023 (GMT+0)
Daily Crypto Discussion - December 7, 2023 (GMT+0)
what happened 3rd of november, and are some of these CC not at all to be considered an investment object?
Daily Crypto Discussion - December 6, 2023 (GMT+0)
[Serious] Moons Future | Heartening to Read the Mods’ Update | Still Some Questions | Please Help!
Daily Crypto Discussion - December 5, 2023 (GMT+0)
So I was overheard something recently...
Daily Crypto Discussion - December 4, 2023 (GMT+0)
Daily Crypto Discussion - December 3, 2023 (GMT+0)
Daily Crypto Discussion - December 2, 2023 (GMT+0)
Monthly News Summaries - December 1, 2023
Monthly Optimists Discussion - December 2023
Monthly Skeptics Discussion - December 2023
Daily Crypto Discussion - December 1, 2023 (GMT+0)
Daily Crypto Discussion - November 30, 2023 (GMT+0)
Daily Crypto Discussion - November 29, 2023 (GMT+0)
Daily Crypto Discussion - November 28, 2023 (GMT+0)
Daily Crypto Discussion - November 27, 2023 (GMT+0)
Daily Crypto Discussion - November 26, 2023 (GMT+0)
Daily Crypto Discussion - November 25, 2023 (GMT+0)
Daily Crypto Discussion - November 24, 2023 (GMT+0)
Mentions
r/CC doesn’t agree. Come back to nostr where people are smart, Rizzo!
#Facts Had a little over 1,000 SOL bought between $4~6 dollars, before ATH. Never sold, $500 was incoming any day! Then SBF/FTX happened. Finally sold around $16 because r/CC said it was dead. Sigh.
Never heard of crypto CC. Only debit card.
Crypto doesn't add any real world value to normal people's lives. They can buy stuff now with ease, no need for a lifetime of nerdery and computer wizardry to get in and understand how to spend money on a transaction when buying things. Sure some businesses put a fee on CC users now, which is why I carry cash around. No one can articulate why the world needs crypto. Governments print money, crypto adds new shitcoins. Transact-able value that wasn't there and now is there.
Might be a good time to start an exchange/ bank that backs a credit card company based out of the caymans . Two separate entities that co mingle. Also the caymans are crypto friendly and registered there your not subject to any other boundaries. Pretty easy to get a business license being basically a digital nomad in the caymans and then approve credit limits based on XMR holdings like a credit score but it would be a legitimate CC company based out of caymans that like chase accepts crypto as payments but with all visa/mc can be used at ATM . Or for larger transfers they want to hit a bank account then use xrp for cross border transfers from kyd to usd
If I understand it correctly: I liquidate $4k of my bitcoin holdings to pay for my monthly living expenses (rent/mortgage, CC bills, etc). Then I use the $4K that would have actually paid for those bills (frompaycheck) instead to buy bitcoin , right? I've been doing this actually before I even knew it was a thing. 😆
Source chain (chain name) : Arbitrum (Metamask) Target chain (chain name) : Solana (Phantom Wallet) Source chain (wallet adress) : 0x7869B4a3EC7CC295D16C056ac902A9802888224C target chain (wallet adress) : 7X5DLWUSysoVRbXQuhWDubCTb8PpnsdM7NC6MtFpGnEP Source chain transaction link (tx hash) : 0xce74b26df57b83b9e758a5fd2f6f05ebf539d7cea0f1f2252360a4ec2460f475
It's day two. Relax. If we don't get WW3, October will perform.its not a good month because people want it, but because there are real reasons. Otherwise it would have dumped all the previous years too because /CC was positive about it ..
Yeah basically inverse CC
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>It's ironic since CC is the one that had a firmware verification issue in practice, not the BitBox. Also you can verify the BitBox firmware (see [here](https://bitbox.swiss/blog/how-to-independently-verify-the-bitbox02-firmware/)), and the BitBox does not boot firmware that is not correctly signed. Don't you think that it is a hassle to build the firmware from the source and get a hash which you have to compare to the hash on the device in 8 seconds rather than being able to download the firmware from the github, verify the binaries/ signature and feed that file directly to the the bitbox to install without python. I'm not saying the CC is perfect by any means, i don't like a number of stuff they do but im just suggesting some ways you can simplify the verification process for those who want to take the time to verify the firmware without fully rebuilding it. >re-register the multisig Again this is added complexity, you could just add an 'advanced feature' tab that lets you verify saved wallet policies
> Another major issue in my opinion is that you don't encrypt the sd card backup so when the avg joe follows your onboarding flow they could connect the sd card to a pc and screw themself. Believe me when I say that encrypting the microSD card would lead to 1000x more loss of funds than not encrypting it, especially with beginners, but even with advanced users. We see this with the optional bip39 passphrase issues. The only real issues where users have trouble accessing their funds is when they use that feature. As a result, encrypting the sdcard is not an option. Customers inserting their sdcard into the computer does not seem to be an actual real issue either. > I would never use the Bitbox in a multisig because I cannot verify the firmware It's ironic since CC is the one that had a firmware verification issue in practice, not the BitBox. Also you can verify the BitBox firmware (see [here](https://bitbox.swiss/blog/how-to-independently-verify-the-bitbox02-firmware/)), and the BitBox does not boot firmware that is not correctly signed. > or the reliance on anti klepto I am confused by this statement, what do you mean by reliance? It is an added security feature that can only help, not hurt. All HWWs should implement this. > Bonus if you can name the policy and when are verufying the recieve adresses it sates that the address is from {policy name} so the user can be sure that the wallet is taking data from the user specified quorum. This is the case and always has been. You can name it and it is shown for verification when showing receive addresses or signing transactions. See the screenshot at the top of [this](https://bitbox.swiss/blog/bitbox02-electrum-bitcoin-multisig/). About showing the actual xpubs there too, as I said this is something we already do for full output descriptors (wallet policy / miniscript accounts), and we can/should do this for regular simple multisigs too. But again: if you verified the data during registration, you are good to go, and if you want to do it again, as a workaround you can simply re-register the multisig.
It's awesome to see that you put in a whole lot of thought into this. I appreciate the time you put into your response. Cheers! > What I meant to say is that on the bitbox which No worries, I got what you meant from the start. As mentioned, looking at the xpubs again is sth. we support in wallet policy accounts, but we should backport it so you can do this on regular multisigs too. Fyi., if in doubt, as a workaround you can also restore the device and re-register the multisig to re-verify the details during registration. > However, im not sure if I am remembering correctly but back with the bitbox01 the firmware [...] As far as I know, the BitBox01 issues had nothing to do with the USB stack either, and would have been present in an airgap system all the same. Turning this around, airgapped wallets suffered from critical vulnerabilities of their own, e.g. [this](https://bitbox.swiss/blog/remote-multisig-theft-attack-on-the-coldcard-hardware-wallet/) and [this](https://bitbox.swiss/blog/coldcard-isolation-bypass/). Airgap is not a silver bullet and in practice has not stopped attacks by virtue of using sdcards or qr codes. > For example with the bitbox when doing a software update there is little I can do to verify the firmware other than verifying the APP itself and hoping it is doing things correctly. The BitBox02 does not boot firmware which is not signed correctly. But point taken, we could improve tooling to allow customers to flash firmware binaries more directly. Btw, related to this: the CC had an issue here: https://thecharlatan.ch/COLDCARD-Supply-Chain/ > The common argument against this is that QRs are not human readable and the microsd has a microchip etc but it is still better in my opinion to be in control of whether any data gets transmitted between devices at all. I'd argue that this is an illusion of added security, it's basically just a feeling. Empirically it has not been shown to be any more secure than USB. > Also you have RFC6979 so that makes nonce gen per TX repeatable so you could just verify the sig on another compatible HWW of another vendor. This is true in theory, but in practice no one would ever do this. I am willing to bet you have not done this for all transactions you have made (and if you did, you probably stopped at some point). This also ignores normal users who are not even aware of such technicalities - they should enjoy protection too.
>When using wallet policy (output descriptor) accounts, one can verify all details during registration and also when receiving/sending. We should backport this behavior for regular multisig accounts as well. What I meant to say is that on the bitbox which i have tried I can not verify that it is using the xpubs of the wallets in my multisig quorum AFTER registration (this can be done on the CC for example). So after the initial registration of the quorum you have to trust the device is using your xpubs to get receive adresses. If you could double check after registration that yes these 3 xpubs are saved on the device it would make someone like me rest easier. I hope that this makes sense. > none of them had anything to do with the USB stack vs airgap, and airgapped wallets suffered from multiple critical vulnerabilities as well This is a good defence saying that no attack/ bug has been able to exploit the usb directly and I agree with you here. However, im not sure if I am remembering correctly but back with the bitbox01 the firmware forgot to use the SE so in an environment where you are plugged directly to a hot device and your firmware is not treating the SE properly you are royally screwed. At the very least an airgap would slow this down (please forgive me if i am wrong about this i am going off my memory and this was a long time ago). In addition, the fact that nothing has exploited the usb interface has not occurred does not mean that using an airgap is more secure. For example with the bitbox when doing a software update there is little I can do to verify the firmware other than verifying the APP itself and hoping it is doing things correctly. I know that there is a python method but i am not familiar with it. However with an airgap mode you can take the extra step to verify that the data you are transmitting to the device is something you verify as coming from a source you trust. There is a great deal of security there. This does not just go for software updates but for any data being transmitted. The common argument against this is that QRs are not human readable and the microsd has a microchip etc but it is still better in my opinion to be in control of whether any data gets transmitted between devices at all. And I personally wouldn't use the bitbox in a singlesig for the reasons outlined here. (i have more point that i could convey better if i spent some more time to think but this is just off cuff) >implementing important mitigations like anti-exfil ([https://darkskippy.com/](https://darkskippy.com/)). Tbh I see dark skippy as more of a band aid rather than a proper solution because you are just offloading a core responsibility of the HWW to the software and this does not set a good precedent. The responsibility of the HWW is to execute all of it's core functions independently acting as a beacon of truth, the moment you add this additional variable means that you now have to trust that the HWW is acting good alongside the coordinator, this is an increase in complexity not for the end user but for the security model itself. The best ways to mitigate these nonce attacks are MV multisig because chances are that if you can compromise the firmware in the first place the first thing the attacker would do is utilise that juicy USB exit door. Also you have RFC6979 so that makes nonce gen per TX repeatable so you could just verify the sig on another compatible HWW of another vendor. I think this method is better that anti klepto because at least you can verify both HWWs code and if the produce the same outputs you can be quite sure that things are sunning properly. But with anti klepto you have to pray to the gods that whatever is happening **behind the scenes** has worked and that you dont get rugged down the line.
Been here since 2016. I know enough to know that r/CC is useless for advice on crypto. 90 percent of people here are talking about investing in old coins that will fail to reach ATH of the previous cycles. Maybe my comment was hyperbolic but QUBIC KAS and TAO are all pioneers. Your comment was a nothing comment with 0 substance.
Wait, I thought we were still early! Has r/CC been lying to me?
Agree with that. But isn't CC expensive?
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I could tell you that ETH has more use in defi than all the others combined. But that doesn't matter here in CC lol. This isn't where "on chain" folks live.
Would be interested to see what fraction of CC members use DeFi on platforms like Ethereum/Cardano/Algorand/Solana etc
CC hates this coin, that means is good. remember this is the same sub that thought loopring would hit $10. LOLOL
Your day sounds awesome lol I mostly just kinda been sitting in the bed and messing around today. Ive been checking the r CC sub occasionally, but i've also been watching alot of porn on the internet too
You're commenting in r/CC dude. "most of us" have been one some sketchy CEX or other at some point.
Yeah I know, id rather own the underlying spot, than own the underlying company, which happens to own bitcoin… Plus my strategy is… build up to 100 shares of ABC, then sell CCs and/or collect dividends to build a new position in XYZ, or grow my ABC position. Right now im using dividends and CC premium and contributions to build a URA or URNM, idk, theyre the same, position, up to 100 shares to gain exposure to the Uranium market, in which I am bullish, and sell CCs, after that… probably more IBIT now that they have options… or SLV for some more metals… guess I will see when I get there, itll be a few months…
lol inverse CC Solana is about to rocket 200+ I can feel it in my balls
Eth/btc Drops from 0.084 to 0.038 *silence* Recovers from 0.038 to 0.039 INVERSE R/CC WAAAA!!!!
ETH pumping. Always inverse CC subreddit 🫡
Once again, RH is topping r/CC front page for all the wrong reasons. Has he ever got this visibility for HEX & PulseChain?
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USDT has always been just like PayPal IMO . I have experienced many problems with PayPal in the past mainly with them holding funds and deferring payments. ( I worked in online retail ). There is a false narrative they hide behind. Stable coins aren't cryptocurrency ! Just because they use cryptographic techniques doesn't mean they are currencies. Stable coins are backed by unstable fiat . The fiat side is not audited , or auditable by the users if the network. Unlike real CC. There is no decentralised concencus mechanism , transactions are verified by the needs of the corporation that owns the chain. Often corrupt and obviscated by the technology. These cooperations control supply, reserves and network governance. Stability itself is a false narrative . Pegged to fiat in this way means it inherits all the weakness , inflation , monetary manipulation and economic instability and trust issues. Stable coins fail to meet the core principles or crypto. ( Decentralisation, Transparency and Trustlessness )
We need more of these comments. Inverse r/CC works flawlessly :D
Honestly all this hate has me considering buying eth for the first time ever, maybe even opening up a cheeky 2x long, and I've been in the game since 2011. In true /r/CC fashion it'll probably end up doing the opposite of what this sub thinks. Eth has been performing terribly against btc for 4 years but suddenly now it's a sinking ship? Sounds like the perfect time to roll the dice imo
It's 4:50am here, but I can't sleep, so i've been up browsing Reddit. I don't really feel like watching porn on Reddit rn, so i've been checking out what's been happening on r CC
CC became mainstream but I stick to Trezor
I work in the CC industry both Visa and Mastercard are considering using it for domestic and international transfers. If it is going to succeed it will do so differently than Bitcoin ! Google it
Yeah, this is what matters. Would finally prove whether the inverse-CC strategy is reliable. I'm also curious whether there's a delay in posted sentiment and correlated effects since it takes awhile for viewer to digest the sentiment and take action.
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Inverse r/CC never fails
14 hours= only 256 comments Holy hell! Is this the same CC I knew in Sep 2023????! Ghost town
This is for the real idiot out there that doesn’t get sarcasm. DO NOT DO IT. Seems too good to be true? It is and there are another thousand scammers waiting for your CC details. Be smart and ask. Also NEVER take a PM offering help. That should stay in public.
People say inverse r/CC is the best strategy
Hey guys I wanted to post on CC but I don’t have enough Karma. “Bitcoin Mining • Cloud Mining” app Hello, First of all I’m a complete newbie when it comes to mining. I recently came across an app on the iOS AppStore https://apps.apple.com/fr/app/bitcoin-mining-cloud-mining/id6503180820?l=en-GB That seems to offer free mining (by watching adds) and the possibly to purchase more computational power to mine more. I have’s invested in it yet but I was wondering if any of you had heard of it or even successfully used it.
You would have better luck with this in the CC subreddit. But, yeah I think next year as we lift off it will happen for the first time.
I mean the CAGR is over 90%, at the LOW end. Even with the highest CC rate of 30%, it just makes sense
Bro if you traveling with 10k cash you are traveling wrong. You go with a couple 100$ max if you going to a third world country you definitely want to go with some kind of CC multiple with back up. Paying for large items like hotels and car rentals with cash you are stupid use CC you stack points and get insurance. U less you are truly going to a backwater place that does not accept cards but then 10k$ is like a millionaire so you definitely don't want to get robbed. Stop being stubborn boomer.
Well how many poor people have been intercepted from fraud ? I have heard of banks calling to confirm it was the owner who was actually doing the transaction. I have never heard of some one not being able to do a transfer once they have confirmed it is an intended transfer. I rather be notified and checked in on if I am doing an abnormal transaction then them just letting my money out my account. I never withdraw money unless I go into my branch. My bank card was skimmed and they called me asking if I just withdraw money at ATM in a part of town I never visit. With that they then closed my CC and reversed the transactions. That's an example of a good thing behind this double checking instead of just letting all transactions through. It's why I will never use BTC for transactions. If I don't get what I bought I do a charge back. If I get scammed I do a charge back. If my CC details are stolen and used I charge back and request a new card. Something BTC will never and cannot solve. Unless every transaction is through a escrow which means we then back to centralized banking.
Not if you believe that BTC will outperform the APR on the CC and you can service the debt with current cash flow
Bruh how do you tell me you have never traveled without telling me you have never traveled. And no you don't have to declare your BTC just like you don't have to declare your CC limits.
Bro if you carrying that much cash you are mental. I travel with multiple CC but I would never carry cash. Maybe 500 to 1000$ in the target destination cash The rest is all on CC you need to maximize those points. Treating my family to business class flights to Europe next year from saving points.
All the hate on XRP here makes me want to buy XRP. Market always does the opposite of what these low lifers are saying in /CC
Look there are good ways to leverage your money and bad. If they didn’t have to use a loan especially a 0% loan, pretty sure that would have been stated because you might as well use cash with no added risk. If OP misses the payback period, they will now being borrowing money at ~30%, plus either way they have both the transactions fees and taxes to consider which eat into the supposed made-up profit which seems to be the thinking here, by Jan. Look you do you and the OP will do them. But I still rest my case on being cautious for an individual that is asking to use a CC to bet on a short term time frame for a speculation.
No it’s not. Get your Financial House in order first before buying a more speculative asset such as BTC. Here is a good place to start: r/TheMoneyGuy If your having to use a CC to buy BTC and then hoping to use it to payoff the CC in just a few months, you are leveraging money you don’t have (debt) to hopefully cover the cost plus fees to profit. That’s not a good position and that can turn quickly against you. If you enjoy that sort of thing, join this club: r/wallstreetbets
Narrator : *As R/ CC cheered expectantly for the intense pleasure of a bullrun or the throbbing pains of a bearish crash, nothing happened today. Today was a boring day and all were disappointed...*
I think alts, nfts, gaming, AI and etc are all essentially going to die this cycle. Last cycle it seemed we were seeing hype about some project every week, if not day. A huge aspect of it was CC implementing rules to stop the shills and purchased/fake hype but I think more and more people are seeing the true value of crypto and putting their money there. Last cycle it felt like we had time to play around/gamble with alts and still get into BTC later. Now I think people are seriousLy using BTC to protect their wealth and if that's your use case alts have zero value to you.
Or I could be wrong too. You should never trust anyone on CC. I switched to long today NGL. Let’s get some cascading short liquidations lol
I’ve been hearing about the green September since August here. If CC was in as strong of agreement about that as it was about SOL being totally dead a couple years ago, I’d inverse it.
No but. I should sell to pay off debt. My mortgage is 2.5% which is not significant to my monthly income. But i have about 2/3s worth of my portfolio in CC Debt. And crypto is all the money I have left. My conundrum is that if I lose it I'll be Fucked. But if I sell it I'll also have no debt but also crypto going up is the only way I'll have any money down the road. And what's worse is I was going to sell right before that mega crash in early August. Now I'm stuck waiting for it to go back up.
It's funny how r/Cardano is a lot more muted and reserved about the Chang update than r/CC.
I am not suggesting anyone does this. If Op has the credit score the move would be to take cash advance on CC 1 transfer debt to CC 2 with zero interest for 12-18 months. They will get hit with a 3-5% transfer fee but that is nothing compared to normal CC interest
CC Cash Advance into 0% balance transfer CC ^ | Bank Loan ^ | CC cash Advance ^ | Bitcoin Backed Loan to Buy More Bitcoin In order from Best to Worst idea
What’s interest % will the CC charging you ?
No, don’t want to be spending on CC so I try not to carry them on me to not have the incentive. More of a personal preference. Idk about your budget and expenses but I’m running on thin margins, so I don’t have much cash on hand unless I want to transfer from my saving and wait 3 business days. I’m more impressed by the ability to use money such as bitcoin in different ways. The fact that I could sell a small amount of bitcoin for some dollars in a kinda emergency situation speaks more to how useful the technology is
I DCA so I’ll just buy more my next round. I don’t travel with CC for a personal reason; I drive around a lot for work and in between appointments I get bored and have a habit of spending money on food and nicotine, so I don’t always keep them on me to limit my spending. It incurs a taxable event if I made capital gains on that $100 of bitcoin. Which I’m pretty sure under a certain amount it’s not a taxable event.
I mean... yeah. He really didn't do a whole lot of anything, he never was part of the dev team for doge. He tweeted a couple of doge memes and offered a whistle for sale in doge. Might as well CC Mark Cuban for saying doge could be used to buy tickets to his sports team's games. And the $ amount for the case was wild too, they just picked his total net worth at the time when making the lawsuit. Dogecoin market cap never got that high, so they couldn't have been claiming there was that much value lost that much in dogecoin alone. It's not like he was pulling that safemoon crap, tweeting "something big next week👀" as a core developer while selling all the dev funds.
As soon as you got home you replaced the used BTC, right? Also, why would you travel without your CC. Pretty hard to rent a car or book a hotel room with Bitcoin. Seems like a foolish oversight. Especially since selling the BTC incurred a taxable event and you potentially owe capital gains tax on top of all the taxes owed from the phone purchase.
I appreciate your tenacity but you continue to argue against claims I did not make. As a refresher, you said that people should not compare Bitcoin to cash because Bitcoin is a volatile asset. I pointed out that Bitcoin was designed to be a peer-to-peer electronic cash system. You then defined cash as something used for day to day purchase of products and services. I conceded that probably less than a million people globally currently use it in that way, but that "cash" (really meaning fiat in this discussion) is used for other things as well, such as an emergency fund. You then questioned if I would use BTC as an emergency fund and I said that yes, I do, and that I have saved enough for the volatility to not be a major concern. You then said that you could say the same thing about the S&P - you could use it as an emergency fund and ride out the volatility. This is true enough, the distinction is that Bitcoin IS money that can be easily traded peer to peer as long as you have an internet connection, whereas with stocks you must first trade the stocks for money. Then you said "I don't believe that anyone is using your line of thought, considering their S&P equities as cash". This is YOUR line of thought. You are saying Bitcoin and the S&P are functionally the same in this scenario. I am not. I am saying that Bitcoin is money, and the S&P 500 is not money. My point about cash vs credit was related to you defining cash as something used for day to day purchases. Cash is used less and less for day to day purchases, but it is now clear that you just meant fiat money rather than cash specifically so that is not super relevant. I think that catches us up to your most recent comment. > As long as you find someone to accept it (compared to the exposure of BTC i believe we are safe to say that adoption as a means of payment is going nowhere) Your claim was that, by my logic, using the S&P 500 as an emergency fund would be just as valid as using Bitcoin. Your latest comment would only support that claim if the S&P 500 and Bitcoin were similarly difficult to trade with. Imagine I have a personal emergency over the weekend - I can trade my bitcoin for fiat instantly, unlike the S&P 500. I can also find someone to trade with locally without needing to trade for fiat. I don't have paper stocks, so I can't trade them peer to peer at all. I can't trade them for fiat unless the market is open. >Dude, you use your credit card to buy something. OK you are not using your cash. How are you paying off your CC debt? With cash. What does this has to do with BTC?? How is BTC helping you to pay back the CC debt? Only if you liquidate it. Same with as if you liquidate any other asset including equities. My point is that usually day to day purchases are taken care of on a separate ledger (credit) while your fiat ledger sits there until you are ready to settle the other ledger. My Bitcoin ledger is used the same way as your fiat ledger - it shows how much money I have and I can spend that money at any time. Yes, if I want to settle a ledger that is denominated in some other form of money, and the collector only accepts that other form of money, I will first have to trade for that form of money. That is also true of fiat - I'm not allowed to pay my credit card bill in pesos. Stocks are NOT a ledger of how much money you have. They are a ledger of your claim to some equity. They are not money.
>No, because (unlike stocks) Bitcoin is money. I can use it as money as long as I can access the internet. As long as you find someone to accept it (compared to the exposure of BTC i believe we are safe to say that adoption as a means of payment is going nowhere) >You are arguing against a claim that I never made. I don't consider equities to be cash. My point here was that you aren't using "cash" for day to day purchases - it is just sitting there on a ledger. I'm arguing that it IS still being "used" when it just sits there on a ledger, in the same way that most people use Bitcoin by letting it sit there on a ledger. You are correct that you could let it "sit there" in an equity too - that has nothing to do with my point Dude, you use your credit card to buy something. OK you are not using your cash. How are you paying off your CC debt? With cash. What does this has to do with BTC?? How is BTC helping you to pay back the CC debt? Only if you liquidate it. Same with as if you liquidate any other asset including equities. >You haven't heard people talking about inflation? Of course, but I haven't heard anyone saying that equities can replace cash. All I am saying is that no people right in their head would replace "cash" with BTC. Cash has a very specific use case (globally accepted means of exchanging goods and services on a relatively unvolatile manner) that BTC cannot meet. BTC is an investment and a volatile one. Thanks for the discussion I am off.
ColdCard. Can get a little technical, but CC lets you go as deep into the most advanced security available that you could want for your Bitcoin. I don’t do anything fancy myself, the air-gapped feature + their bitcoin only dedication is my main interests and it works great.
How is it possible to accumulate bitcoin for 9 years yet learn nothing? CC has better security than ledger. Self-custody is less risky than trusting a third party to hold bitcoin for you. Not your keys, not your bitcoin.
The network fee is $0.30 right now. Where are you being told it’s CC $7 to withdraw?
I didn’t get reward sats for paying my CC this month. Anybody else experience this?
Gotta love how inverse CC strikes again No one here predicted this. https://np.reddit.com/r/CryptoCurrency/comments/1ejscgi/polygon_matic_at_june_2022_prices_hidden_gem/
Inflation is the boogeymonster of CC people don't understand why it's sometimes necessary to have it, including our fiat.
My back of G and 00 is growing everyday, nice to see CC picked these gems up
Top 3 CC posts: * Can we stop with all the price prediction and coin movement posts? * Ex-CEO Who Caused His Bank To Fail After Falling For Crypto Scam Gets 24 Years in Prison * $5,760,000,000 in Bitcoin Bought by Whales in Just Six Weeks Amid Crypto Market Correction: Santiment This sub is below 100 IQ. Just a bunch of gamblers.
This looks like a governance poll and has been filtered for mod review prior to voting. /u/CryptoMaximalist or /u/ominous_anenome or another mod will give it a final review and let you know when it is approved or what needs to be adjusted. If everything is in order, approve the post, remove this comment. Otherwise OP should repost to correct the issue. Please verify these things * This is listed as an approved CCIP here: https://docs.google.com/spreadsheets/d/1LhhqB4UAezNMdAwjV3evFXPD2x1JFCFHdnm8rmyRqAE/edit?usp=sharing * This has the proper CCIP-### - prefix * The poll does not include misinformation and the plan is clear and unambiguous * The poll only has 2 options, the first is supportive and second is No Change * The poll is posted on Monday of Moon Week (The day of the snapshot) * The poll is set to run for 7 days * The poll has [NoMoons] at the end of the title The original text of this poll is archived below: Title: CCIP-097 - Decrease cost of CC Supporter package and add new perk - customizing sub logo for cc supporters when running events Body: *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
I mean, statistically *some* alts will make it, some new ones will rise... question is, which ones? Nobody (at least, not among us plebs in CC) know
CC me on that email at the.nigerian.prince.crypto.scammer@gothacked.ng