PAY

Logical-Criticism-38

Lol, money doesn’t mean anything if the world and market doesn’t give a fuck about it. Some of you on here are completely delusional about bitcoin and its place in the world if an ACTUAL world war started tomorrow. Stop huffing for a minute and look at the world, realistically. Also, if the US experiences another civil war in the next 10 years, yeah - that will cause Bitcoin to sell because people will SELL TO PAY FOR WHATEVER THEY NEED TO PROTECT THEMSELVES OR TRAVEL from a hot zone.

vice96

Lol, to think the world isn't full of services that offer some sort of privacy.. that people **PAY** for. Monero just hasn't broken past its own barriers. Isn't able to market the need or desire for privacy in a meaningful way.

Mordan

> you need to physically approve the extraction from your device. OMG.. Ledger really sucked with this recovery stuff.. All for what? WHO IS GOING TO EVER PAY 10 usd per month for that idiocy.!<<!<!<!>!>!>!>!>!>!>?????

Unlikely_Emu1302

Dude.... You should tell her to put most of the money on blue chip dividend stocks.... like choose 5 bank stocks. and put 50K each, teach her about compound investing. explain that what she is buying now, is a retirement plan. Explain that she will likely die or be close and still own these shares. She will be earning, 1000 a month in dividends, Take that money and buy bitcoin, 12,000 a year, for the next 5 years.. Or till she owns 1 BTC Then back to dividend plays, 5 years into REIT, Then the div's will be 1800 a month, then buy another BTC fuck buy 2 at this point, even just only buy BTC forever at this point it wont matter, at this point even if her Jockey skills didnt work out she can probably do anything else, because she will have an income. teach her the idea that you buy a company, and it pays money, and you spend the dividends, and reinvest some, Even if BTC does moon, and you told her to buy 100K, and now its 1M she is going to not learn shit and the M will be gone, and so will the original 250K Like I get it I love BTC too, and I DCA, but bro this is a kids future, dont make her addicted to gambling by acting as if there is a big win waiting around the corner. like I said even if BTC 10X its still not enough to pay a salary for a lifetime, and what if it 10X then 10X then lose 90% of its value right when she needs the money the most, This is a kid we are talking about teach them values of investing not gambling, I am not saying BTC is gambling, but its a commodity not a company, and she wants to own things that PAY MONEY, like banks, REIT's, energy companies, then use the profit to buy commodities, like BTC, real estate. Not the other way around, thats gambling. and even if you help her go from 250 to 2.5 M its going to be gone before she needs it later in life, JUST an opinion.

AyyeImFitt

I think it would depend on what the USAs current stance on crypto is or what agenda they want to push during the time when those first sell offs do happen . If the banking & traditional banking system is still super ANTI crypto & looking to keep destroying it , they would make sure that money goes to high priority pockets because a narrative could be spun how "BTC IS HELPING PAY OFF OUR NATIONAL DEBT" which they wouldnt want , that would be greattt publicity for btc as a whole which they would hate . But if they just hurry up & accept it for what it is and become open with the idea that it is the financial system of the future then maybe that headline is actually something they would want and might actually do something like that with the national debt narrative

ActuallyTomCruise

OH NO... WHAT AM I GONNA DO??? HOW WILL I PAY MY DEBTS??? Oh wait... I am already Negative so it doesn't matter. MORE SATS

PianoSandwiches

The value of the $300 will change as the price of Bitcoin continues to move around. But every transaction creates a "UTXO" which is what you actually pay transaction fees for. So if you sent $300 out 3 times ($900 total), you made 3 UTXO's, then if you send all 3 to another wallet, you PAY for 3 UTXO's BUT you have now combined them into 1 UTXO in the next wallet, so the next time you move it, even though it's a bigger amount, you actually pay less for the transaction. So if you had $1,000,000 in Bitcoin that was 1 UTXO, moving it would be cheaper than $100 that was 10 UTXO's.

Brilliant-Tackle-333

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Generalfro

This is how you build Wealth. Cut the fat and PAY yourself. Way to go!

thebizarreburner

I use turbo tax and It's ridiculous how I have to PAY $100+ just to amend a bitcoin profit of less than $10.

Lorfiliuce

Ummm did he forgot the entire silk road case? Where fiends would almost always PAY IN BTC?!

DogCallCenter

My favorite left-wing (and I am Left leaning) bullshit about bitcoin is that "it's just the rich getting richer" and "unfair distribution" Motherfuckers... ANYONE could buy it at ANYTIME over the last 10+ fucking years. Rappers were talking about it, nerds were talking about it, athletes were talking about it. But you had to be CURIOUS, you had to PAY ATTENTION, and you had to figure out how to get your thumbs from out your ass and do the fucking research. Being "poor" is no excuse for not paying attention and then crying later about "unfair distribution" - smfh!

MaximumStudent1839

>The fact that it’s culturally recognized is still valid. It is recognized in the sense that people recognize poop when they see it. To say "culturally recognized" means, it cultural sway and weight. lol. Much of crypto has no culture besides larping. The NFT sector is the worst offender. Everything is done under the guise of making money. >Doge. And that’s pretty hot rn. The fact you compared Doge with NFT larpers tell me you have very superficial understanding of the space. I have watched ETH NFT from 2021 until now. Paid attention to every move and BS! Doge has funny memes and engagement. Elon even replaced that the blue bird with the dog on Twitter. These are cultural tidbits. NFT larpers claim they want to support building the "metaverse", "IP", "crypto gaming" and all sort of BS. Most don't even get half way and call it a day. When the floor price stop moving, all of these KOLers just switch to the next hot pfp, no matter what has been built. Despite ETH NFTs projects have extravagent funding, they have made a much less cultural awareness and attention impact than memecoins. How many NFT blue chips done crazy stunts like putting a hat on the Wall Street bull? Nada. It is all about why floor price this and that. Talking down on others as "too poor" to understand their shit. And then when goes down, they lie about how money will rotate back into them. Yes, the ppl they ridicule would be the ones pumping their floor price. Lol the entitlement and copium... > Did you completely miss the part about cheap L2? Is it cheap? Right now, it costs $1.21 for me to send ETH from Coinbase to Arb. I have heard so much condescending and gaslighting BS from ETH maxis. Like, *"if you aren't willing to pay these "cheap" ETH L2 fees, you must be down so bad and should just leave crypto and give up."* That is the nauseating attitude from ETH maxis that has put a lot of us who used to buy ETH to want to pull a BIG MIDDLE FINGER AT YOU ALL! >You see a btc fee lately? Here is a nodemonkes purchase example on MagicEden: (41 minutes ago) [https://mempool.space/tx/29722af3100dab9ffd71e5603e0864ef370c1501438df1152555b67bf6616963](https://mempool.space/tx/29722af3100dab9ffd71e5603e0864ef370c1501438df1152555b67bf6616963) It costs $17.41 in fees on BTC. Within the same time, here is a MAYC purchase on Blur: (41 minutes ago) [https://etherscan.io/tx/0xfe0bd04aa100ef1868a2c9f09351af94ed95fa03a7c4430f6a6edca0e16a28a7](https://etherscan.io/tx/0xfe0bd04aa100ef1868a2c9f09351af94ed95fa03a7c4430f6a6edca0e16a28a7) It costs $100.64 in fees on ETH. No. Anyone who has used BTC/Ordinals know it is fucking more expensive on ETH than BTC. >High fees mean PEOPLE WANT TO PAY THOSE FEES The most funny part of ETH maxis is a whole lot of you don't understand how your fee market even works. It is not a real time bidding auction, as many want to claim. After EIIP-1559, fee is determined by LAST BLOCK's capacity and completely denominated in ETH. When market rallies, cascading liquidation of shorts often mean positions **NEED** TO PAY THOSE FEES. There is a funny analogy to this ETH maxis BS talk. It is like saying, the US has a housing crisis, because PEOPLE WANT TO PAY HIGH MORTGAGES. It is incredible gaslighting feed by the crypto bigwigs and higher ups to gaslight the entire low IQ group in this space. It completely ignores how it is due to ETH not scaling its blockspace on main net and artificially setting a price curve based on EIIP-1559. I don't believe most Americans would buy housing price is high because they *WANT TO PAY HIGH MORTGAGES.* Yet somehow, this nonsense is getting such a crappy pass in this space.

DiscoverCrypto_org

The fact that it’s culturally recognized is still valid. They might be ridiculous. You know what else is ridiculous? Doge. And that’s pretty hot rn. You’re talking about Gwei at 100. Did you completely miss the part about cheap L2? You’re saying people will go to btc because eth has high gas fees. You see a btc fee lately? High. Can you use smart contracts on btc? It’s not designed for that. High fees mean PEOPLE WANT TO PAY THOSE FEES. if they didn’t want to pay fees, the chain would be a ghost town and L1 fees would be, well, free

sherficent_Till_4526

Hey all'.., do any of you know app or website from where i can purchase/invest in crypto currency with my AMAZON PAY BALANCE or AMAZON GIFT CARD or any gift card..I got to know about paxful but can i trust that website..?

CapablePiglet1044

Hindenburd Research the famous hedge fund said that they would PAY Tether $1M to get audited as well as cover all of the audit fees. Tether has said that they would like to get audited but that they refuse to because audits are ‘too scrutinising’ (which is literally the whole point of an audit - to scrutinise in order to ensure there’s no material inaccuracies…)

klykerly

It still needs to be pointed out, I guess. EVERYONE. PAY ATTENTION HERE.

ozwald_97

I’d rather PAY $10 to have the daily pinned than that free $10 polymarket BS. Thank you.

SmoothGoing

Use your own money. If you have to borrow then you can't afford it. You can't afford a Bentley or bitcoin. So don't buy either one. Cancel the loan eh? This is some Biden speak bs. You have to PAY it back.

Buttcoinmodssuck

I use Cash App. Cash App did not send with such a low fee, YOU chose that fee. When you send Bitcoin with Cash App they give you three options, priority, normal, and low. Each option shows expected timeframes for receiving Bitcoin. You choose the cheapest option and that is the result. Bitcoin work by miners choosing which transactions to be included in a block. To incentivize your transaction being included quickly you PAY more. It’s a free market and money talks. You have no choice but to wait until a miner has such low volume that they are finally willing to include your transaction. Next time just pay the extra 2 and choose priority.

ilovesaintpaul

What really matters is whatever the quality of ppl he hires, he DOES'T PAY THEM. His lawyers are already starting to drop in droves.

memphisgoonz

GIVING AWAY 10 FREE GUMMY PACKS THISWEEK TO NEW GROUP MEMBERS if ur loo-kin FORaSolid localpl:ug 🔌📲 Feed:back on Te:le:gram / Tik:Tok UK:PL:UGS:4:20. NO :‘s. TRA/CKED/DELI/VERY. 24HR/CHAT. FLEX/PAY. NO/FUSSRE/SHIPS. CASH/MEETS. HUGE/STOCK/LIST. 500+/HAPPY/CUSTOMERS.

SpockSays

Also, regarding US citizens... USA is the virtually the ONLY country to impose citizenship based taxtion... So for example, a Japanese guy from Japan can move to El Salvador... and Japan leaves him alone. He can trade/spend bitcoin with 0 taxes. On the other hand, an American guy from the USA can move to El Salvador, and STILL HAS TO PAY THE USA/IRS on taxable gains from bitcoin. How crazy is that?

Educational_Speech58

Just keep holding make the ETF boys PAY BIG TIME !!!!!

Educational_Speech58

Just keep holding make the ETF boys PAY BIG TIME !!!!!

lordmcmora

You do realize the IRS is bigger than ever before? I used to shhhhh until that audit in 2010. Now we just know and PAY our taxes. IRS is the most powerful institution. They will levy your bank accounts and prevent your work in any US territory.

GoodSamoSamo

lmfao, it's called "staking" with a validator. Not "subsidizing" a validator. Literally no one in crypto has ever used the term "subsidizing" when talking about Proof-of-Stake staking because staking is not an expense, which is what is implied when using the term "subsidize" (to GIVE money to somebody or an organization to help PAY for something). Even then, so what? The Solana Foundation shouldn't do what it can to help bootstrap the network, like staking their SOL with validators to help further decentralize the network? Literally 50 IQ thinking. [https://x.com/0xMert\_/status/1709331062659117308?s=20](https://x.com/0xMert_/status/1709331062659117308?s=20)

socalmikester

PAY olo arduino (isnt that a name of computer?) says his USDT, also known as TETHER is worth just as much as a real american dollar. he prints all this unicorn fart tether, and sometimes line goes up. in the REAL world, COIN stock crashes...

socalmikester

PAY olo arduino and his made up tether. PAOLO is getting paid real money trading it for fake beanz.

BigPlayCrypto

Coinbase and many other exchanges make money I think illegally through the advantage of feeing the fuck out of everyone. I left CB almost 2 years ago and I will never return. My experience was realizing that they added fees for everything including when you swap coins which I thought was Ludicrous! I wanted to cash out one time and it said I had to swap to their coin and then sell which I then lost 15-20% of the value. Someone ie the geek behind setting up that scam on Coinbase should be in prison for life or at least revealed so we can get revenge. But I know that can’t happen so I left CB forever! FOREVER FOREVER FOREVER! I will Never use COINBASE AGAIN UNLESS THEY PAY ME BACK ALL OF MY FEE LOSSES AND SWAP LOSSES. Email me Coinbase

CallShawww

You see that’s my point I’m saying , how is that El Salvador I’m seeing strike receipts of 29.99$ worth of bitcoin isn’t that the whole point of switching to bitcoin to PAY IN SATOSHIS & not going based off a Deminishing currency ? You mightest we’ll keep spending in USD if your still going to have to transfer the same 29.00$ you spent for satoshis if they’re going based off of cash $

Tropic_Tsunder

yep. i barely have 1/5 of a BTC, but the ease and tax advantages of holding my BTC in a federally regulated tax free account in an ETF that is on a federally regulated exchange is more than safe enough for me. And the convenience is nice, but being completely tax free on gains is also a big win. I would have to PAY more taxes, have FEWER net BTC as a rseult, and incur a lot more complexity and points of failure (even if those points of failure are under my control for better or for worse) just to store on a cold wallet and own my keys. that seems like a hefty price to pay just for extra perceived security, which to me and my risk tolerances is negligible since im already about as confident as i could be that society wont collapse and i will lose some BTC.

Vossstok

By "poor people" I mean not already millionaires. And millionaires, most of the time, don't contribute to making an economy more productive, but instead find more ways to speculate, exploit it and make the system unstable. I'm was an asset manager by the way, and now I'm a business analyst, which means I've spent my entire career helping wealthy people and corporations making good financial decisions. I'm not against wealth, just bothered by people like you and Bukele who I guess never opened any kind of economics textbook and yet pretend to know what they are talking about, or that what they say makes sense. That government has an account with Bitcoin, which even if I love as an asset, is clearly unfit as a legal tender (for now) or as a denominator for their government debt (forever). They had trouble managing their currency, how effective do you think they are in keeping their population safe from invasions or maintaining order? Why on earth would a wealthy person want to have to PAY some additional fee to move there?

Gritts911

Don’t screw around with the IRS or you can lose a lot more time/money. Talk to a professional, not random internet strangers who may or may not know what they are taking about. If you owe the $50k then sell half your bag and PAY IT. Crypto could crash 50% next week and you won’t even have the money to pay anymore. The IRS bill is now. Possible future gains should not influence your decisions.

Rice-Fragrant

Where I work, the lowest payed highschool DROP OUT makes about $35-$40k. Everyone I know who works in skilled trades (mostly people with just a HS diploma or GED) making the same as most median college grads too, about $60-$80k. Very experienced skilled trades and big rig truckers make well over 6 figures, about the same as most people WITH PROFESSIONAL DEGREES. Don’t be suckered by the boomer propaganda. Go look up the numbers yourself at BLS . Gov or OPENPAYROLLS . Com website. Example. HIGH RISE CRAIN OPERATOR IN THE STATE OF GEORGIA MAKES THE SAME AS A STATE JUDGE AND THE SAME AS AN MEDIAN PAY PEDIATRICIAN! All your models on education are out of date and out of touch with the real numbers.

Rice-Fragrant

It’s not about the degree, ITS ABOUT MARKETABLE SKILLS. It could be a skilled trade, STEM etc… all that matters is that you need have a skill set that is well payed. For example, Walmart truck driver makes about $120,000 on average, no degree required where as a teacher makes about 1/2 of that but a degree is required. A unioned high rise Crain operator makes about $150,000-$200,000 or more, no college degree required… about the same as a pediatrician or pathologist but in $250,000 in student loan debt. I didn’t finish university but I had enough college credits to get a job as a lab technician and my income last year was about $55,000… slightly more than an average biology degree holder working as a lab tech. I already have a payed off house (thanks to dumping fiat debt coupons for hard assets) and zero debt… for a normie indebted person to be able to pocket the same amount as someone like me (debt free super saver), they actually would need to make almost TWICE AS MUCH in the same average cost of living state ($110,000) AND 4x AS MUCH in a high cost of living state like California to be able to DCA at the same rate. I pretend I am making rent/mortgage payments when I PAY MYSELF IN HARD ASSETS like bitcoin. Personally, I still want to complete my education, simply because I can and it wouldn’t hurt, I can easily afford it having a frugal life and lots of savings. There are TONS OF OPTIONS TO EDUCATE YOURSELF that did not exist a few years ago. Many reputable universities now have online options for working adults… some Ivy Leagues even offer online degree programs too via their extension programs. THERE IS ZERO EXCUSE TODAY TO NOT BUILD SKILLS… either university or trade school or self taught… you better get some skills. Just don’t be a dumb normie becoming a debt slave and wander why you’re living paycheck to paycheck. I have well educated relatives WITH NEGATIVE NETWORTH because they are drowning in debt. Education does not have to be exorbitant if you actually make a game plan.

brianddk

Universities and politicians are notorious for their unpaid intern treatment. I know plenty of students that would PAY out of pocket to work in our lab. Internships are basically required to have any hope of placement after your graduate work. Very few places can afford the millions of dollars in equipment that universities offer, so the demand for experience in a fully equipped lab is high and the supply is low.

HavocMMA

it just sounds like you copy pasted your third mainstream economic class, without ever thinking it through. because deflation is truly the evil? not at all, life and entropy will force you to sell as you need food, shelter etc. your own impulses will also make you buy stuff not strictly necessary. the economy wont die without inflation IN FACT, it will be the first time we see a real economy, not manipulated by endless credit. fiat and inflation create a rat race, which you are probably losing given how little you understand. most of your money, if not all, is in fiat, and is losing value BY DESIGN, so governments can PAY FOR WAR (and secondarily, things like roads etc) which means you are aquiescing to your own financial rape, and that of the whole world, in the name of never ending consumerism if merchants cheat their customers, is because inflation incentivizes them to, as things get constantly more expensive. the destruction of the world and its resources? done on credit wanna protect fiat some more? do you own a home? has the prices of homes quadrupled relative to your income, thus pricing you out of the real estate market, the main way the middle class tries to advance and secure themselves in the world. Thanks to fiat, the American Dream is dead, as stocks and real estate are inflated to hell. vietnam war, and every useless war ever since? fought on credit. look up Richard Ramirez, the serial killer. His cousin was a "decorated green beret" in Vietnam. But all that meant is he mutilated and tortured people, took pictures told his cousin about it, who then became one of the darkest serial killers in history. thanks to fucking fiat, the world has been traumatized beyond belief, as the demonically possessed "money masters" essentually use the printing press to make a world a darker, more depressing, but more easily exploited world. This is done by endless wars fought on credit, credit given to big companies like banks that do the government's bidding &#x200B; stop supporting the fiat regime, you are supporting war, robbery, rape, theft on a macro scale

Hour_Calligrapher_42

The only real concern you should have is using a device without a secure element. Ledger might be closed source, but they know well that anything but pure reliability from their devices would end up with their asses in a very bad place. Besides, if you don’t update and sign up for the recovery thing (Which, by the way, you have to PAY for… it’s a subscription) then you are using everything as it was before the offering of this particular ‘service’. Ledger is still a very useful and realiable hardware wallet.

Effective-Society-12

you add risk by paying taxes and losing out on tax sheltering your bitcoin. Keeping it in a brokerage has risk if the brokerage goes under. NOT holding it in a tax sheltered account holds risk if the brokerage DOESNT go under. If society doesnt collapse, you will have paid a safety premium and have net less bitcoin exposure than someone who didnt hedge against the collapse of a bank. So there is risk either way. Holding bitcoin in a cold wallet where you will have to PAY THE GOVERNMENT TAXES eventually carries risk in and of itself if you have the option to tax shelter it. also, if you live in america, have a job, own a home or own any other savings you are already exposed to all these risks already. so yes, if you have already packed up your life, purchased land abroad, moved away from america, divested all american held equity (literally impossible) and the FINAL step to completely cut yourself off from america is swapping to bitcoin cold storage, then fine. In this paranoid delusion you would be right to do that. but for anyone who still lives and works in the US, your life is literally already at total risk of everything you are afraid of anyways. so holding bitcoin in an etf adds no additional risk you arent already facing.

Generationhodl

I just like the fact that people PAY you to spam you. Imagine you get spammails in your mail-account but every spammail gives you some money.

jamieabroad

When Congress or the President over spends the country goes into debt. Then they go the the FED and ask for relief through raising interest rates which causes inflation and unemployment as the side effect of high interest rates. Ask yourself what is interest? More money WE have to PAY BACK from money itself. This is the enslavement to the central banks!

fairysquirt

Proton Mail scammed me i'm never going back, they locked my e-mail and wouldn't let me in until I paid them a ransom. NEVER PAY FOR PROTON MAIL, they treat their free users better. Stay free.

AvatarOfMomus

> Mining is something that is easy to ramp on or off and easy to move. This is just false. Mining wants to be running 24/7, because when it's not running it's not making money. The only way for mining to make money by *not running* is if someone pays it to shut down to reduce load on the grid, at which point the whole grid would be better off if it wasn't there to start with. It's also not easy to move, because mining setups are basically just specialized server farms, which means they require large buildings with lots of cooling equipment, and massive power lines and associated wiring running into and throughout the building. > Meaning it can be used to mine of the excess energy that is being sold for cheap and thus helping to stabilize the energy grid. This doesn't actually stabilize anything. What's needed to stabilize a grid with a lot of inconsistent renewable generation is more battery capacity and demand management to smooth out demand throughout the day, not more demand overall, which is all Crypto mining provides. Those batteries could be Lithium-Ion batteries, but a lot of work is being done on gravity based batteries, basically pumping water up a hill and then letting it flow down to generate energy when capacity is needed, or things like molten sand batteries that store heat. > hours when energy prices are going negative are you currently need to PAY to get rid of your energy. This is not a thing that basically ever happens. All renewables have a small running cost outside of solar, and even that has a life span on the panels. For wind and hydro the solution to energy prices too low to run profitably is to *not run*. However, since in almost all places fossil fuels make up a sizable chunk of the energy mix, those can be scaled back or shut down first in preference to renewable generation. Also as previously noted, battery capacity actually improves the energy grid and solves this problem of over-capacity renewables.

I_Hate_Reddit_69420

It’s not that simple. Power that is produced needs to be used. With the world starting to use more solar and wind, the production becomes more unreliable. Energy suppliers all over europe have been giving warning signings about this starting to lead to problems on the grid. Mining is something that is easy to ramp on or off and easy to move. Meaning it can be used to mine of the excess energy that is being sold for cheap and thus helping to stabilize the energy grid. In a sense this incentives green energy as well, as it makes renewables profitable at all times, instead of losing money during hours when energy prices are going negative are you currently need to PAY to get rid of your energy.

MoonHawk-

SCAM ALERT. To easy to get scammed. Let him CASH the Crypto and PAY with GREEN $$.

unknownwriter_tobe

Its insane when you think about it, you cannot even decide for yourself what you want to do, its like being a child all over again except this time we have to PAY THEM TO HOLD OUR MONEY!! Insane!!

dirtsmurf

They aren’t voluntary. I’m not using that word. I would be HAPPY TO PAY THEM.

ra246

IT'S FIAT PAY DAY BABY!!! We splitting 50/50 this week! $5 ETH & $5 BTC LET'S GOOOOOOOOOOOOO

automatedcharterer

Funny the CEO stating illegal activities are bad.... Lets see. Here is the form ADV from just one of their numerous companies. [JP Morgan Securities LLC](https://reports.adviserinfo.sec.gov/reports/ADV/79/PDF/79.pdf) in the 396 page PDF if you search for the term "Monetary/Fine" you can find every time they got fined for breaking the rules / law. Its just an endless stream of crime..... And this is only one subsidiary of all of JPM that does one aspect of stocks. >THE ORDER REQUIRES JPMC TO PAY A CIVIL MONEY PENALTY OF $200 MILLION, WHICH WAS PAID ON SEPTEMBER 19, 2013. AS PART OF THE SETTLEMENT, JPMC ACKNOWLEDGED THAT ITS CONDUCT VIOLATED THE FEDERAL SECURITIES LAWS AND ADMITTED TO CERTAIN FACTS, SUCH AS BUT NOT LIMITED TO: THAT JPMC'S TRADERS MISMARKED THE SYNTHETIC CREDIT PORTFOLIO ("SCP") AS LOSSES MOUNTED AND AS A RESULT OF THESE MARKING PRACTICES, THE SCP TRADERS INTENTIONALLY UNDERSTATED MARK-TO-MARKET LOSSES IN THE SCP; JPMC'S EARNINGS RELEASE FOR THE QUARTER ENDING MARCH 31, 2012, INCLUDED THE UNDERSTATED LOSSES FOR THE SCP, AND JPMC SUBSEQUENTLY ISSUED A RESTATEMENT WHICH HAD THE EFFECT OF MOVING SCP LOSSES FROM THE SECOND QUARTER TO THE FIRST QUARTER OF 2012

Gungho_Gringo

I was actually looking at moving there (trying to be a digital nomad), then I started looking at their policies and costs of living, and I realized why would I PAY MORE to live a censored country when I can pay way less to live somewhere laid back!

Geolinear

No moons? No RCP? We’re being left out. Starting from scratch was a bad idea. How is a recognizably unprofitable company like Reddit going to now PAY users for their content and shitposting? It makes so much more sense for the RCP to be used as a way to pay users for their content. Maybe I’m missing the silver lining though.

Agree-Refuse-69

That christine chick is a puppet just like that jerome guy. &#x200B; The real people behind central banks don't even show up in the forbes rich list...they PAY to stay OFF it. &#x200B; That's the kinda smart psychos we dealing with

princess_princeless

Have you considered the fact that they need to PAY their employees? LINK hasn’t taken a cent of VC or external investor funding to create their tech. That is incredible in itself that they’ve managed to bootstrap like this, it also means no solana level VC manipulation and dumping which is nothing like LINK’s relatively stable and predictable liquidations that they actually.. you know use to build the value?

nintendo1889

I sure did, and I bought a car with it, and I paid taxes on a F*CK*NG USED CAR THAT SOMEONE ELSE ALREADY PAID TAXES ON AND I'LL PAY TAXES ON THE SALE OF THE BITCOIN. Seriously, start a bitcoin-only used car dealership, you'll be in a sea of bitcoin ;-)

spooky_corners

And you PAY for it. $1000 setup plus $250/year.

masedogg98

Haha that’s what I’m saying do tell us my friend will he buy our feet pics xD I can hear it now; *“HONEY GET THE CAMERA THERES SOME FUNNY MAN GONNA PAY ME FER MA TOE SHOTS!”*

tyr314159

PAY WITH NANO Instant, no fees

masedogg98

Yes I believe it was like a cordoned off section of heaps of waste like a land fill I’m not too sure I haven’t dug super super deep into all the barrios and comunas yet so my knowledge around the city is limited haha! I do know for sure though that your correct they love him there and appreciate what he did but right again it’s really only there from what I’ve heard and seen but it really is a weirdly interesting phenomenon where the city has such polarizing views on such a controversial topic/period! Most definitely! I don’t plan on talking about it at all there with locals really except for the BTC logo I’m going to attempt to get Roberto to sign lmao Also yeah, yeahhhh it’s certainly possible I saw the tours people were writing about online as a “make your own ___” course lol, at first thought it made me think how smart in a way it is; have gringos *PAY* to make their batch and then break them a sliver off and send them on the way, they’re getting paid 2 times, 1 from their boss and then second from the people taking the tour xD I wonder if it’s a risk aversion technique because technically they wouldn’t be the manufacturers if someone came in it would be gringos? Unfortunately that’s just not my scene brother haha I already get so anxious and like excited but not a good excited feeling in certain situations so I actually get medication for it like a benzodiazepine, the opposite end of the spectrum from that! I don’t think it would mix well with me these days, when I was younger I probably would’ve go on the tour but idk AGC in the hills better to play it safe! If you like that time era (I do too 90s aswell though) then I really encourage you to watch Dom, it’s a Brazilian true story they made into a series you can watch it dubbed in English on Amazon tv or use like the free movie/tv sites and watch it through subtitles that’s what I did haha but it covers the inception of cocaine into Rio de Janeiro and It. Is. Facinating!! It held my attention like crazy, strongly recommended and again keep in mind it’s true :0 Ya there’s been a lot a lot of conflict for sure that’s no denying, for so long as well! It’s had to have made some very strong minded tough people! Every video I see are such kind people and warm and welcoming it’s crazy for so much violence Medellín had in specific and how far it’s came, it’s really impressive to be honest! So yes and no, El Poblado is the most “protected” by like security and guns wise but people can demo and build as they please with proper clearance, but El Prado El Centro is different it cannot be worked on or anything tore down and that’s just what I meant by officially protected I’m sorry I should’ve specified better but also you can get a really good idea of how the areas are by the Strato system 1-6 are it’s rankings and the higher the number in the area the more wealth according to the chart, it’s a neat chart and system how it works I definitely recommend checking into that too! The lower the strata score the less they make annually and also the less they have to pay in like monthly utility type bills, it’s very interesting! That’s super sick I encourage you to go and see the country for sure! I’m antsy preparing for next month or the one after haha! Also I have not heard of it but it sounds interesting I’ll have to add it into my tabs right now to check it out when I get a moment, I have to go run some errands right now but I’ll be back in later!

life762

The United States dollar is backed by "faith". Bitcoin is its own scarce asset created using energy and math. I'd rather my money be based on real things like energy and math than something abstract like faith. Do you even understand what it is to be backed up by the "full faith of the US government?" It means they want you to trust (i.e. have faith) in the stability of the United States federal government and its ability to pay back its debts. But the United States isn't stable, and it can't pay its debts. The United States has been in soft default for decades now. It's impossible for them to be in hard default -- because they have the ability to create money out of nothing -- which means a soft default is as significant as a hard default would be for anyone else. Do you understand what this means? It means the US government cannot pay its debts! I'll repeat: the US federal government CANNOT PAY ITS DEBTS. It's stealing the promise of wealth and prosperity from future generations just to pay the interest on what it owes and to bolster the illusion that America today is prosperous. If you actually understand this, you'll find the premise behind the argument you're interested in to be absurd on its face.

reed5point0

LOL, man I would but they already have a working product which is rare to see in Web3. Not only that, but on top of cloud hosting, they are about to push GPU hosting to mainnet. Much like how we can rent out our hard drive space to SIA or FILECOIN...you can now rent your GPU out for decentralized render farms, GPT hosting and other applications that require such computing. AND THEY PAY YOU FOR IT I'll hold this one for a while, exp while we have a GPU shortage

Raptaki

Man, I swear crypto's #1 tip should be: PAY ATTENTION

Boddis

Reminds me of the gov's covid rules. Don't go out, wait you CAN go out, but only by yourself for 5.7 minutes a day. You can buy a coffee but wait, dont loiter when you drink. Ahh fuck... we'll PAY YOU to go out to restaurants, please. But dont you dare stand up and move from your table.

nomdeplume_alias

I was making sweet interest off of AXS (Axie Infinity Token) and was raking in thousands per month. Then the $600 million $ hack from Lazarus (North Korea) hit. They only needed to phish ONE FREEKIN GUY at Mavis (Axie Inf parent company) and it opened the door for them. The lack of security was un-imaginable. Never trust anyone but yourself. Especially when you think they know what they're doing. AXS price tanked. I lost a shit-ton. I am 100% BTC in cold storage now. Somehow we all PAY to learn about Crypto.

prkr88

Don't you know what's realistic? People had to PAY for shib, moons are FREE.

astockstonk

Look at how many people PAY companies to give away their DNA with no understanding of what the DNA testing company will do with the information.

winphan

I am a 2016 trader so I can definitely name a few. * Vertcoin - VTC * Bytecoin - BCN * Groestlcoin - GRS * Decred * Digibyte - DGB * TenX - PAY * OmiseGo - OMG * PivX * Komodo - KMD

Collectibl3

And to think I let my phone do this for free. PAY UP SAMSUNG

Mr_Bob_Ferguson

>Why the fuck do you loan money from a gang/the mafia and NOT PAY IT BACK Because you are a degenerate gambler who loses what they borrow and can't pay it back.

dont_drink_and_2FA

Why the fuck do you loan money from a gang/the mafia and NOT PAY IT BACK. like what COULD be the outcome huh?

prkr88

No chance🤣🤣🤣 why would people PAY for somthing that is absolutely free. This place is an echo chamber fo sho.

chuck_portis

It's high time the SEC accepts the reality that crypto is here to stay. Stop trying to regulate it to death. Crypto is un-killable. 2022 was the worst year in history for crypto. LUNA/UST collapse, FTX Fraud, tons of bankruptcies, Defi scams/hacks/exploits, stock market in turmoil. Everything went wrong last year and Bitcoin never came close to dropping below $10K PER COIN. It's time the SEC DOES THEIR JOB. PROTECT INVESTORS. You are not here to decide if an industry gets to exist. You are here to PROTECT INVESTORS. START DOING YOUR JOB OR HIRE SOMEONE THAT WILL. You were busy wining and dining SBF, the absolute worst character in the history of the crypto space. You missed the biggest fraud of all time. All while giving Coinbase, Kraken, Binance shit over minor issues. Find a better way to identify these frauds. Proof of reserves, proof of customer asset backing, proper audits. There are ways to do this shit correctly. The days of trying to just make the industry disappear need to STOP! Accept that you were wrong and START DOING THE JOB THE TAXPAYERS PAY YOU TO DO!

FattestLion

let me fix his response for you: >"I actually believe the technology is fantastic BECAUSE I AM ABOUT TO LAUNCH A BITCOIN ETF AND I NEED EVERYONE TO BUY IT SO I CAN EARN SOME HUGE FEES AND THEN PAY MYSELF A HANDSOME BONUS"

ThrowawayHoper

People PAY for this, suckers - more money to buy high

Organic-Date

*Doesn’t say taxes once* “PAY YOUR TAXES!”

benditbackwards

Yup,that move is called a Reverse Cramer, it has worked for many with his stock picks too! They are such scammers over on CNBC, they even got suckers to PAY them a monthly subscription so Cramer can feed them his bullshit

scottonfire

The straw man is convincing us these things are good while ignoring the fact that the U.S. DID NOT HAVE THE MONEY TO PAY.

jps_

Sure... I'll fill in blanks. Lets say you give me $100 and I give you a poker chip that has $100 printed on the face. And I promise that I'll give $100 to whoever gives me that chip. You and everyone else at the casino. You can wander around the casino all you want, betting here and there, gaining and losing chips.. Then you come to my window and say "here are my chips, I'd like my dollars please". If I have put your (and everyone else's) $100 bills in my vault, then I can give you your cash then and there. That's called "liquidity". And I profit slowly over time by the house's edge. Which we want to be slim, so that folks think they are winning, and have a lot of fun. Because I'm smart, I realize that I can take my slowly gathering profits and extend credit to high rollers. That will allow them to bet more, and then the house's edge means I profit more... so I can multiply my thin but certain profits by lending. And then it dawns on me: I realize that some people aren't going to come back for a while. They are going to play and play. Or they'll keep the chip for a souvenir and maybe have it in a few years. And instead of having that cash gathering dust in my vault, I can be lending some of that too!!! It turns out that lending some of their cash to other people is even *more* profitable than running a casino!! Their agreement to pay back the loan counts as cash. But it's not in my vault and I can't pay folks with it, until the borrowers pay me back. Sure, it's risky because if everyone wants it back, they'll have to wait a bit while I find the high rollers and get them to pay me back. But they're in the casino, and sooner or later they leave. Usually. Now... what happens if there's smoke at the back of the casino and everyone comes rushing for the door, and line up at the teller wanting their cash back? And what if the folks who owe me money are what caused the fire, and are rushed out of the casino in an ambulance all crispy and black, and can't pay right now. Or maybe not ever... we don't know yet. Now I have a problem. Since I owe you your cash, and I don't have it, I am now "illiquid". You and everyone are lined up waiting for your dollars, and if you will just wait long enough I can get them back from the dudes in the hospital, but you are not patient. And this being the Wild West, you threaten to break my kneecap unless I PAY YOU NOW. But it's the Wild West. And there are high rollers. I can fix this by borrowing $100 I owe you from someone. And they charge me huge amounts of interest. But since it's my kneecap now versus a cut of the profits later, I take the cut. And you get paid back. Now, I'm operating a casino that's in hock. The guy in the hospital dies, my money's not coming back. I've now got to make up not just the lost profits my boss was expecting, but the lost capital too. And the interest to the loan-shark. So instead of just lending your $100, I lend more. Otherwise the loan sharks who bailed me out will take two kneecaps, not just one. Maybe it works out. Maybe it doesn't. When it works out, I usually don't learn my lesson and stop lending. Instead I learn that it's a good way to goose profits. So I keep doing it. And when it doesn't work out it forces me deeper. Gradually, one bendy part of my body after the other, I get so deep in trouble that there's just no solution. This is how all banks fail, on their own. If we just let them.

Sad_Progress_9117

VetMe OTC DEX launched, coming soon KYC AI, Vetting and Escrow Services. The platform plans to take it into the real world, as in non-crypto companies. It’s a new project but the are making some major progress on partnerships and tech advancements. They also have on their short term roadmap VETME PAY which will allow people to pay using cryptocurrency. I like what they are doing ✌🏻

Rice-Fragrant

I think he ment TAKE HOME PAY and not pretax income.

ArtzysTV

square just added the capability to use TAP TO PAY WITHOUT HARDWARE. with CARDS AND "DIGITAL WALLETS"

Ryuzaki_63

No I don't think so, it would help but not "mass adoption overnight" I recon you could even PAY people to adopt crypto and they still wouldn't We need proper education on it, a much needed ease of use upgrade and more use cases. The only thing that would cause "overnight adoption" would be a MASSIVE push by retail stores taking it as payment and for a lesser fee than fiat - "5% discount if you pay with crypto" etc

N7DJN8939SWK3

As a devout Loopring holder. I love the app and I love the concept of being my own bank. The part I need solved is HOW DO I PAY MY MORTGAGE AND UTILITIES?!

maynardstaint

You start off by assuming that everything the SEC has said is correct. So you’re heavily biased toward statements made that have already been throw in the SEC’s face in court. I thought some counter points might be valid. 1) the SEC has no jurisdiction over crypto currencies. Only congress can give that power, and they have not. Point blank. The point of the lawsuit against ripple is not to uphold the law. The SEC has been admonished in open court that they are not pleading this case with an allegiance to the law. Rather that they are pleading this case with a desire to reach a certain outcome. And that outcome would be, in effect, to REWRITE THE LAW. If you notice, there are no allegations of fraud against either Ripple or Chris Larsen or Brad Garlinghouse. Infact, despite being a case about selling securities, the SEC has not been able to point to ANY SINGLE TRANSACTION in Ripple’s 10 + year history and say “this is the problem right here your honour” The point of the lawsuit is twofold. Firstly, the lawsuit itself is a weapon. The sec was warned by their own internal review that that the lawsuit would cause undue harm to investors and yet they went forward anyway. (Directly operating against their mission statement.) the only people this lawsuit protects are incumbent banking giants. The exact people who have the most to lose if and when ripple is able to operate inside the US. Ripple openly traded xrp in a fair market for 8 years, under 4-5 separate sec chairs. 2015, Ripple filed a settlement with Fincen, in which Fincen, a US government body, declared that xrp was a digital currency. The SEC approved Ripples partnership with money gram. There MUST have been a lot of paperwork to look at to agree to such a massive deal. They must Then the lawsuit happened? So they And money gram could not operate freely. So they partnered with Stellar. Stellar Is an exact copy of the xrp. Both founded by jed macaleb, With others. So if xrp is a security, xlm MUST also be a security. But no law suits against stellar? Money gram is allowed to partner with them and keep doing EXACTLY WHAT THEY DID WITH RIPPLE. The second point of the lawsuit was to delay xrp adoption. And this has happened inside the United States. 2) Xrp tokens. Ripple labs DID NOT CREATE THE XRP TOKEN. A group of founders premined 100 million tokens, and then gifted them to Ripple. Xrp tokens are held in escrow by a third party. Ripple has no access to these tokens. They are controlled by an algorithm that unlocks 1 billion per month. For the last 12 months Ripple has sold approximately 17% of these tokens, and then placed the remaining 83% BACK in escrow. I believe this escrow system to be the most responsible action any crypto ceo has taken. Every person can track all the coins, when they are realized, and when they are returned to the escrow. And the new release date. This is literal proof that Ripple CANT dump on the market. https://t.co/6WPmhRS6Qm The ONLY information I can find about how many tokens the Ripple ownership owns is about one person. Chris Larsen. And he is said to own 5.1 billion. Jed Macaleb was given 9 billion, and has systematically sold them since his departure from Ripple. And he has sold them all, i believe it was late last year that he sold his last tokens. So I would like to see the amounts you’re taking about. Also, I would like to see a comparison of ownership holdings of the top 20 coins by market cap. How many eth does lubin hold? Or Buterin? How many Ada does hoskinson have? How many tron does….. well. Anyway, simply saying they have a lot doesn’t mean anything by itself. Does ripple sell xrp to make money? Yes. Which protocol doesn’t? Plenty of videos of Joseph lubin or Vitalik Buterin bragging about how many they sold “so that gives us a much longer runway” The difference I see is they ripple will tell you how many tokens they have, and how many they sold. The enterprise ethereum alliance will not tell you. Is NO ONE worried how many eth joe lubin actually owns? I’m not shitting on eth, just asking a completely rational question. The appearance of a double standard when it comes to the laws and how they are enforced can not be understated here. I will not go into any of it, but search ethgate on YouTube and you will have a long list of potential starting points. 3) securities One of the most important points about tokens being securities is that they require an investment contract. And the Supreme Court has upheld that very fact over and over since the Howey ruling. He sold shares in the orange grove, and promised profits when he sold the oranges. The issue was the packaging of the sale. Not the oranges. So the same logic has to apply to tokens. First, Ripple does have securities. Its their stocks. And they’re registered with the SEC and only for sale to accredited buyers. Second, if token sales violate securities law, which sale, and why? The sec has declined to explain on both counts in court. Instead they have said that town sales IMPLY an investment contract. That’s fine, until you start asking a couple of very minor questions. What do they owe me? If I have a contract, I’m owed something. What is it? How do I force them to give me what I’m owed if I can’t show a judge what it is that they’re supposed to DO, or PRODUCE or PAY? What are the terms of the contract? How can I prove they are in breach of this implied thing? Another ruling the Supreme Court has upheld is that an investment contract requires BOTH an INVESTMENT and a CONTRACT. And a token sale has no contract with Ripple itself. The next point is an investment into a common party. Just because I want a token to go up in value does not mean that I have entered into a arrangement with that company. It doesn’t even mean that I know who or what ripple is at all. Just because our interests align, it doesn’t mean we are relying on each other. The xrp token fails the Howey test in so many ways. The judge in this case is very knowledgeable and seemingly quite fair. I would be very surprised to see her align 100% with the SEC. Very easy for both parties to get big Wins at summary judgement, both sides ultimately getting a positive outcome, and then fight over the smaller stuff in court.

RonPaulWasR1ght

I own both Bitcoin and plenty of physical precious metals. The precious metals I own run the full gambit, from gold to silver, to platinum, palladium and rhodium. I've got them all, have owned some since as early as 2010, have owned Bitcoin since 2020. I'm ready to conclude that precious metals are NOT the way to go, and Bitcoin IS. The reason is severalfold: 1. People just don't like the beauty, tangibility and utility of precious metals like they did in the past. While they're shiny and pretty, they're just not "money" anymore. Silver was basically made non-money back in the 1800s actually, and really excluded from that usage when gold only backed the dollar in the 1920s. All pretense of it was of course lost in 1971. 2. The younger generations, Gen Z and Millenials, are just now starting to enter the workforce in large droves. They are just now starting to inherit, save and earn money in large amounts. They are NOT interested in a bunch of shiny metals, I'm sorry to say but they are NOT. I can confirm they are the digital generations, and they want money that can be sent quickly and easily. And that's not precious metals. 3. PMs have too much spread, fees and other inefficiencies, to their purchase, ownership and sale. They literally are only good if you buy them, hold them for many years, and IF they keep up with inflation (which they have NOT been recently), and IF you can somehow wriggle out of the cap gain tax on them (and that is hard to do). They can NOT be taken across borders easily, you have to pay a massive tax which makes it not worth it any more. They just, are SOOOOO "yesteryear". 4. I'm an observer of people. I've observed the gold- and silver-bugs. I've observed the Bitcoiners. The Bitcoiners are hip, new age, they make sense and are logical. This sub is kept clean, free from "low effort posts" and well on topic. The r/wallstreetsilver sub, on the other hand, is full of a bunch of envious, super-jealous quacks who allow Bitcoin to live in their heads rent free. In fact, I'd actually say that Bitcoiners live in their heads, and THEY PAY the Bitcoiners rent just to stay there. I've had people on that sub tell me that when the SHTF, I'll be using a silver coin to buy food from an Amish farmer. Yep. That's how out-of-touch they are. Shit man, I don't even know any Amish farmers. No Bitcoiners would EVER tell you dumbass shit like that with a straight face. 5. Look at what scares the powers that be in our government. Are they worried in the slightest about gold or silver? Are they concerned that Palladium is going to replace the dollar? Lawlz.....no, they are not. But what are they terrified of? Elizabeth Warren can't stop shrewing about the "dangers" of crypto and especially Bitcoin. They are ringfencing Bitcoin and shutting down banks who do biz with it. Are they shutting down banks who do biz with PM companies? Not on your life. These people TELL YOU what the critical asset is, and that's Bitcoin. 6. Look at the intransigence of the silver and gold pushers. And yes, they're a bunch of pushers. They're either like Peter Schiff in that they want to sell you the metal or sell you their books. Or they're like Andy Schectman and they own a silver mine and need people to buy it off of them and they're just doing a big sales pitch. For HOW MANY FUCKING YEARS have they been saying "Oh, silver is gonna shoot the moon any minute now!!!!"??? It's been decades my friend, and NOTHING happens. And I do mean nothing. Meanwhile the Bitcoin NGU is crazy. 7. They increase the world gold supply by 2% annually just by mining it. Mining techniques get better with technology and they mine far more gold and silver every year. You have to think, if gold and silver ever actually took off in price, those mines would crank it out at uber speed. So....they're NEVER GOING TO SHOOT THE MOON, because supply would just crank up. But that is not the same with Bitcoin. With Bitcoin, more resources put into mining it gives you the same Bitcoin, and the halving will be here regardless. I could go on and on and on. But suffice it to say: Yes. Unload that worthless metal and stack sats. You'll be glad you did. And again - I own a decent stack of both. And I will never sell my last silver bar or my last gold coin. Always keep some around. But, the future belongs to Bitcoin. I'm convinced of that.

Roy_Playz

US GOV: crypto isn't real money Also US GOV: we're going to tax your crypto so PAY UP

UrektMazino

And btw remember: "*NOBODY IS GOING TO PAY A SINGLE PENNY FOR THIS!*" Wich translates in: "*We're simply going toprint that cash so that you won't pay directly but you'll still pay in the form of inflation, but we're confident you won't notice cause we think you're dumb!*"

Fermi_The_Morius

The problem I'm posing to you is not one of "will people accept BTC" - everyone should, by this logic. But NOBODY should PAY with a commodity that CANNOT deflate. Even with Gold, a new vein could be discovered. But there are 21bn BTC and for any one individual, the more you have, the more leverage you have in all other circumstances. By that logic, decreasing the amount you have for any reason loses you more the longer your timescale is.

Creepy_Procedure9628

Thats the thing about eve online and why its great. You can sink a lot of $$$ into it, but it requires YEARS for your character to level up its talent points to become better at flying ships. Its a good way for the game to make money while catering to those people who hate "PAY TO WIN" games.

Cleynn

Kidding aside, if you have unpaid bills they should take priority over investing, you should take profits asap and pay them, PAY YOUR BILLS

CryptoBombastic

“Day 30. Another old timer passed away. His last words “rocket emojis need to be faced downwards”. I’m showing signs of SECsism without fully noticing, catch myself yelling at random.. need to pay close attention to my condition…. PAY UP!

Just_M3nU

Only use for banks or can be for peasants too yah? Is Venmo/PYPL, AAPL PAY will get effected by this?

DatBuridansAss

under the rules of Bitcoin, A and B can create a smart contract, where each person locks up some amount of bitcoin indefinitely. Once they do this, they can send BTC back and forth to each other instantly without fees and without broadcasting the transaction to any other node. This arrangement can be called a "channel." You can imagine someone setting this up at the beginning of football season, and the channel is a way to keep track of all the running bets the two people make during the season. So at the beginning, each person locks up .01 BTC. After the Superbowl, one of them has a balance of .0175 BTC, and the other guy has .0025. The channel gets closed (mutual decision) and the BTC gets unlocked and sent to its respective owners. Hopefully that makes sense. The important thing is that the money in a channel is able to zip back and forth an infinite number of times without cost. The only on-chain transactions are opening and closing channels, and those transactions of course involve waiting 10 minutes to confirm on the blockchain etc. But every time the funds zoom back and forth while the channel is open, it's absolutely immediate and no one else is involved (no miners, no nodes). What's cool is that you can connect open channels, like 6 degrees of Kevin Bacon. They say that everyone on earth is connected in six degrees or less. So I don't know you, but I might know someone who knows someone who knows someone who knows you. Lightning Network uses this fact to create faster Bitcoin payments. How? A and B have their open channel, and B has another channel he opened with C. And C has an open channel with D. On Saturday morning, A heads over to the farmers market. It turns out that D, whom A has never met, sells little bottles of hot sauce. The booth catches A's attention, especially because it has a little sign that says "⚡PAY WITH LIGHTNING⚡" and he decides to buy a bottle. How does he do it? Does he have to open a new channel with the farmers market guy? No that would be insane. All he does is send some money over lightning using existing open channels. The network figures out a route. So money zips from A to B, then from B to C, then finally from C toD. It's all instantaneous, and the only cost involved is the tiny toll you pay to use each channel. It is usually less than a penny. Because of the Kevin Bacon thing (I hope this is still a relevant reference), it's now possible to send a payment to practically anyone in the world, and it's still just getting started. There are companies called LSPs (lightning service providers) whose whole business is providing liquidity and connections to facilitate these layer 2 payments. Expect banks and other institutions to get involved over the next 5 years.

JuliusEasier

Crypto rewards credit card. The secret is a staple of life….DONT SPEND MORE THAN YOU CAN AFFORD TO PAY. Point being, the card must be paid off every month or the interest fees will wash out the rewards by strokes of magnitudes.

SwordfishFirm5326

WtFuck is NEO. If you ain’t talking ant shares hang up the line….. Also hit some home runs with KIN, PAY, and EOS

Dkafamus

Don't be an idiot. Cash out AND PAY THE FUCKING TAXES! 100% of zero is always worse than 50% of profit.

Classic_Ad3154

Unfortunately, that is why the current world powers would try to regulate Bitcoin away; if yo take countries and people out of poverty YOU LOSE CONTROL! PAY FOR OIL, GOODS AND SERVICES WITH OUR DOLLAR OR ELSE. BITCOIN IS A THREAT FAIR. FAIR TRADE IS NOT THE OBJECTIVE OF THE G7.

R0Y-BATTY

Yes you buffoon - he’s implying a situation where he can spend it as he does cash, if not there would be no question to ask BECAUSE AS PER TODAY HE’D JUST HAVE TO SELL THE BITCOIN AND PAY WHATEVER THE TAX WAS IN HIS NATIVE COUNTRY. My god how is that so hard to understand?

arlsol

Paying for a bank to just hold your money should also not be a thing. If they want to provide some actual service for fee then ok. But banks are supposed to PAY YOU to attract your deposits.

Antana18

Reddit would over night become one of the most sought after News Outlets, social media platforms and freelancer platform over night - they should not underestimate the medial pull from such success stories! TEAM REDDIT PAY ATTENTION!