I just saw this comment on this subreddit and it was upvoted 180 times. How can anyone say this with a straight face? "Let me lend some money I don't have and earn interest for it". Seriously WTF. This is NOT needed for a healthy economy. On the other hand, it's the root cause of all our problems.
This is a dumb take... I'll give you an example.. You have 10k roll... You only risk 100 per trade with 100x leverage... You now have 10k skin in the game with $100 risked. The trick is to use a freakin isolated margin and not go 100x levarage with your full roll WTF.
Fidelity is a fiat money franchise. 401K accounts are government controlled fiat accounts. Bitcoin futures are fiat. "You can buy Bitcoin on Fidelity today, I’m assuming what they sell is futures." Again, futures are ALL administrated in fiat. Fidelity’s ETF is a fiat program. Corporate access to investment vehicles is fiat regulation. Crypto is shitcoin. Yet you walk in here, the Bitcoin forum, and call me ignorant. Either you actually don't know WTF is going on as you say, or you are purposely trying to piss Bitcoiners off.
Had the same, contacted support and they said that they couldn't find anything wrong at first sight but that there was, however, an unfamiliar address. My assets seemed safe to them. They'll just inform the right department, so they can keep an eye out, and that if I see something weird, I have to contact them again. WTF is this answer, I panicked hard and drained whatever I had on there to my coldwallets. I'm a quite lazy person so I drain it every whatever month, so there's now and then an amount ranging from the value of a family KFC bucket to 2/3 plane tickets. I'm not taking any risks and neither should you fam. At the end of the day, they're not responsible if your account gets drained, they can't get those funds back after they'resent. Better safe then writing a post on here asking strangers for help, only to be met with stuff like "Ya got scammed", "IDK", or "better luck next time". Be safe lad.
Coinbase is trash and hugely overrated. Compare the fees yourself, everyone will BS you on here. The UI I’m convinced is purposely confusing and sometimes they won’t even let you transfer small amounts of BTC because the fee will literally be more than the amount transferred. WTF? Robinhood has cheaper fees (and the best UI by far) but the cheapest fees is Kraken Pro. Everyone on Reddit has a massive hate boner for RH because of the whole Game Store fiasco (even though multiple other brokerages did the SAME EXACT THING…).
Guys, let me tell you about a recent experience with a shitcoin, XMR, I sent a transaction to a coinomi XMR address, the coinomi server for XMR was offline so transaction didn't appear in coinomi. I converted the coinomi 24 words seed to a 25 words monero type seed and it worked, matching address and everything. Loaded the wallet using mymonero web interface, waited for it to sync and surprise, the funds were not there. Searched online for a solution and it appears I need to contract mymonero wallet support. As I write this I am on livechat with monero support team and they replied: "If you are restoring a wallet in MyMonero for the first time, the wallet data needs to be manually imported in by us first. Once this is done, only then will your balance and transactions reflect. If you would like us to import your wallet data in, please send us your wallet address." WTF is this? Imagine having to contact a support team for Bitcoin :)) this will never happen, it's permissionless. Guys: Bitcoin for life, Bitcoin and nothing else. Everything else is shit.
how am I not neutral in my post? Why, because I didn't take the opportunity to shit all over Biden and the current Administration? Is that how you judge the discussion on a topic? Not on the merits of the pros/cons but on whether or not someone sufficiently "both-sides" something? Ok fine, Biden and all the current leftist, statist cucks are a god damn disaster. There, I said it. Does that make you happy? WTF does that have anything to do with my original post?
Relax... I'm here to try out ideas. Honestly, I can't believe I made it many decades into my life before really thinking about WTF is money anyways. These conversations fascinate me. By 'bullshit' (I was being a bit tongue and cheek) I meant that fiat money is ultimately a fiction born out of nothing more than a collective agreement to give it value. AND; How can anyone at least not be intrigued by what BTC purports to be? DeFi, no middleman, anti-inflationary... power to the people!
Lol FTX goes bankrupt: “HOW IS THIS POSSIBLE?! WE NEED MORE REGULATION AND SEC SHOULD BE ASHAMED” SEC starts regulating: “WTF?! WHY ARE THEY REGULATING EVERYTHING? SEC SHOULD BE ASHAMED!” CC is a joke. We need regulation. SEC’s strategy is stupid but nonetheless we need regulation. Period.
Nothing structurally changes? WTF are you talking about? This is proof that Binance has been run as a criminal organization. There are going to be massive concessions and huge oversight if their operations are to continue.
Site seems sketchy. It cites Bloomberg but can’t find it at all in Bloomberg. Only thing on Bloomberg that’s recent is somewhat good news: https://www.bloomberg.com/news/articles/2023-11-20/crypto-market-is-just-fine-with-a-4-billion-penalty-for-binance?embedded-checkout=true The DOJ is extorting money from Binance to end their criminal probe. WTF is that
WTF? Why try to help people? Why do you call an ambulance if someone collapses? Or stop a toddler walking into a road if they slip away from their parent? Why drag an accident victim from a burning car? Why do Bonobos adopt orphaned babies? Why do chimpanzees share food with their wounded? Most primates and many other social animals have instincts to help the vulnerable and in need, I guess because we evolved to survive in groups. A cooperative group always out competes lone individuals, so it's just in out DNA! Obviously taking shifts to stay on guard through dark nights, and to hunt big prey as a pack isn't quite the same as pointing a stranger on Reddit away from scams, but your instincts don't really know the difference. Imagine if you had two communities, one where everyone is trying to scam each other, tricking other people into investing in junk just to pump their own bags... then another where the community points out risks to each other and guides people away from falling into stupid traps. Which of these groups would do better in the long run?
WTF....if Bitcoin is added to an address I control I know it is "good". I also know that no more can be added to the pool diluting my value. I know it can't be taken, moved or frozen without my permission....how much more trustless can you get?
> WTF? Are you working for Hedera That or holding some irresponsibly large bags. Suspect there's some paid PR people working for Hedera that lurk on this sub too, as there's always a suspicious amount of downvotes and refusal to accept any criticism while repeating the same dubious marketing spiels.
>Insert your own magical numbers. WTF? How about $10,000 for 1% of the profits My point was not about the numbers. It was that selling a % of profits without a cap is just not a good idea period. It feels like there was not much thought put into your hypothetical. >Why does anyone need crypto? Lower fees, ease of use. Being able to stay away from large corporations, lawyers, big banks, and the government. Why does crypto = lower fees? Any type of platform you are talking about would 100% have a company behind it. Also companies still need banks so you dont get away from the anyways. Also I dont think the government has much to do with the music industry anyways so I dont see how that helps. Also smart contracts have no legal protections built in for a situation like I mentioned above and yes a contract only covers one country. But if I live in the US why do I need a contract that covers me in Norway? I could probably also have multiple contracts If I felt like I needed protections in multiple countries. >I'm not sure what you want here. You asked for a valid use for an NFT and then you say that one already exists? My point was you could do this without touching crypto so why touch crypto? >I don't know why you need a source for a fucking hypothetical situation. You are right. I could have worded this better. It was just a genuine curiosity. My bad. >Do you have any idea how crypto works at all? What are you even doing in this sub? Yes? I think so? Believe it or not all sorts of people are here. Personally I see crypto as a store of value/way to transfer/transport wealth that is hard for the govt to track or seize. That to me is useful. I do not however see crypto as a magic bean that will solve every industry’s problems. I actually think its harmful to crypto as well when people say things along the lines of “crypto/nfts will revolutionize the music industry”. Because then some person/company will make something (or promise they are making something), it’ll get hype, people will put money into it, then its either a fraud, scam, or bad idea and everone loses the money they put in and crypto as a whole is just seen as a scam… >The music industry is one of the shadiest in the world. It needs to be decentralized for the little guys to succeed. This is true for dozens of industries. Little guys still occasionally make it today. There are tons of examples. All done without crypto. Why does crypto make it more likely for that to happen?? >Other examples of useful NFTs: I have comments on all of these as well but this post is long enough and I dont think I’m changing your mind at this point.
>LOL. You are the one who wants to bloat up ERC-20 transfers and ignore everything else. You're blatantly lying now. >Yes, yes, I have an agenda because you want to put more importance on ERC-20 transfers due to their quantity Yes you have an agenda when you want to dismiss the most frequent uses of Ethereum. >I see gaslighting when you want to obfuscate activities that gave **ETH's current four-digit valuation** with trivial activities that existed since ETH was in a **two-digit valuation**. Beyond your despicably dishonest interpretation of my argument, no one considers looking at the **average transaction fee**, when determining typical patterns of usage, as obfuscation of anything. >You don't seem to understand math. I used that input into the main net equation as a reference point to apply your multiplier. You are ignoring my point and obfuscating your deceit with insults. Once more: after all upgrades, Ethereum L2 transactions will have 10,000 more scalability than vanilla Mainnet transactions. So the math you did, where you divided by just 1,000, is incorrect. >Like I said, you can keep fudging up your multiplier to make the math work. I'm giving you widely quoted multipliers of scalability provided by planned upgrades. You don't like the implications so you mischaracterize it as "fudging". >WTF are you talking about? BTC saw the earliest peer-to-peer transactions. Its tokens and NFTs are just tokenized BTCs. I'm referring to trustless swaps of tokens/NFTs for tokens. That can't be done on Bitcoinm >WTF does this monster of word salad even mean? How do you **derive interoperability** from security? You're being obstinate and disingenuous, in pretending that this isn't easy and entirely reasonable argument, showing once again that you're engaged in this discussion in bad faith. >Yes, prominent figures like Erik Voorhees are all trolls, but you are somehow the genius here. Ironic how you are constantly mischaracterizing what people say while you repeatedly accuse them of "gaslighting". >All these L2s have prominent American VCs. They call the shots, VCs do not call the shots. >Plus, Coinbase Base hasn't even released a DAO shitcoin to coordinate decentralizing their sequencers. Coinbase Base isn't a typical Rollup. It's created by a centralized exchange. >Says you? In computer science, it is well-known serial computation eventually runs into a bottleneck faster than multithread when the volume is high enough. Says calculations done on the amount of L1 computation needed to verify Rollups per transaction. >Somehow you think you know better than the CS common knowledge. There is no CS common knowledge when it comes to how much computation L1 is required to do for L2 Rollup transaction verification. >I am done with this clown conversation. It is clear you have very little understanding of math, CS, or the main ETH valuation proposition. You're resorting to insults and wilful misrepresentations of everything discussed, because you have an agenda, and place that agenda above truth. You're a demonstration of the despicable character that backs anti-Ethereum positions.
> we should exclude all activity LOL. You are the one who wants to bloat up ERC-20 transfers and ignore everything else. Would you like me to do NFT calculations? They are going to be higher lol. The 1 ETH gas I referenced came from the Otherside mint. > I don't subscribe to your absurd, agenda-driven logic. Yes, yes, I have an agenda because you want to put more importance on ERC-20 transfers due to their quantity while **down-weighting all other smart contract interactions** that I want to talk about. >I'm sure you see "gaslighting" everywhere as you push your anti-Ethereum agenda. I see gaslighting when you want to obfuscate activities that gave **ETH's current four-digit valuation** with trivial activities that existed since ETH was in a **two-digit valuation**. > I'm not going to dignify your absurd premise Only people who don't use etherscan and ETH regularly can say this shit. I trade on ETH on chain everyday so I pay attention to what the MEV bots and CEX arbitrage bots are doing via etherscan. >Your strategy seems to be a combination of shameless false accusations of gaslighting, and actual attempts to gaslight people into skewed readings of the stats that arrive at your desired conclusions. Yes yes yes, paying more attention to innovative activites like DeFi/NFTs makes me more biased - do you hear how absurd you sound? >That was not on L2. L2 is what provides the scalability boost up. You don't seem to understand math. I used that input into the main net equation as a reference point to apply your multiplier. >danksharding will make it another 1,000x cheaper, your desperate denials notwithstanding.That is false. Like I said, you can keep fudging up your multiplier to make the math work. ETH heads like to talk about the flippening against BTC and BTC is likely to hit 100K this cycle. If I take this BS as truth, that puts a 6x multiplier over ETH's previous ATH. Consequently, the gas would be about 6x higher than the previous ATH. By then, even your fictitious 1000x won't save your L2s to be economically uncompetitive against alt L1s. The math doesn't lie. **Learn to do math** and get out of the "safe space" filled with ETH propaganda. >You can't conduct peer-to-peer NFT purchases, or token swaps. WTF are you talking about? BTC saw the earliest peer-to-peer transactions. Its tokens and NFTs are just tokenized BTCs. > I've already explained that the **interoperability is derived from security not fee savings.** WTF does this monster of word salad even mean? How do you **derive interoperability** from security? In fact, how do you even **derive interoperability** from fee-saving? >This is just concern trolling and fear mongering. Yes, prominent figures like Erik Voorhees are all trolls, but you are somehow the genius here. Man, I don't think you even understand the word hubris in the dictionary. >all L2s will expedite their plans to take off their centralized training wheels and become fully decentralized. Since when did you become all the L2s' big boss to make such a grandiose claim? All these L2s have prominent American VCs. They call the shots, because the shit isn't decentralized. If the state department tells them to do X, they better do X or face the ire of their LPs. Plus, Coinbase Base hasn't even released a DAO shitcoin to coordinate decentralizing their sequencers. How will they do it all out of thin air? Do even understand how tedious and long the decentralization process takes? I feel like I am talking to a crypto newbie here, lol. >Rollups require some amount of L1 execution for their verification, but that **L1 execution is not the bottleneck on Ethereum's scalability**. Says you? In computer science, it is well-known serial computation eventually runs into a bottleneck faster than multithread when the volume is high enough. Somehow you think you know better than the CS common knowledge. Extremely intelligent folks at AMD should stop scaling CPUs via multithreaded because you seem to know better. I am done with this clown conversation. It is clear you have very little understanding of math, CS, or the main ETH valuation proposition. I am not going to waste more time on this. B1tch as much as you want and brand me as "anti-ETH". Anyone with enough brainpower can tell what is going on in this conservation.
WTF? You thought you did your research well? India really? Brother go to tg group of the project and ask your question there. Dev himself will answer for sure. The project based on Aus. ahaha you really crazy man. I said sir to you and you tagged me as pajeet lol. Your long comment goes waste unf.
> I know its hypothetical but if you raise 50k you are just out 100%? Insert your own magical numbers. WTF? How about $10,000 for 1% of the profits for the sequel to your favorite movie? How about people that just want to put in $20 to have a collection of pieces of their favorite movies? > why does this need crypto? Why does anyone need crypto? Lower fees, ease of use. Being able to stay away from large corporations, lawyers, big banks, and the government. The contract you are talking about will onyl be enforced in one country. Smart contracts will cover the entire world. > Could people not do this now without NFTs? I'm not sure what you want here. You asked for a valid use for an NFT and then you say that one already exists? > Record labels keep 50-90% of the profits and aren't needed > Source? I don't know why you need a source for a fucking hypothetical situation. You are just being diffucult, but here you go. https://www.indiemusicacademy.com/blog/music-royalties-explained#:~:text=We%20are%20going%20to%20go,%2D16%25%20of%20their%20sales. I was the very first link on my Google search. Get better at Google. > Why is this necessarily better than current centralized systems? Do you have any idea how crypto works at all? What are you even doing in this sub? The music industry is one of the shadiest in the world. It needs to be decentralized for the little guys to succeed. This is true for dozens of industries. Other examples of useful NFTs: authenticating memorabilia. When that athlete start signing footballs for charity, they can attach an NFT for each one. The certificate of authenticity if gold in the collectable world and none is more secure than and NFT. You can attach NFTs to your products (think Gucci, etc) to prove they are not counterfeits. Amazon is already planning to do this. Game: you can buy/sell/trade in game items without needing a market place in each game. Also allows you to trade items between games. I could go on and on, but it sounds like you have ton of Googling to do, so I will leave you to it.
1. Your time frame is too short. None of this was part of the original monetary policy and any shift from that is a change. 2. Please provide evidence that Eth was planned on moving to POS from inception. 3. WTF are you taking about? Many of the ETH roll ups are centralized. The only thing that’s clear is that layer 1 scaling is not a good strategy regardless of implementation. 4. Again, please provide evidence of this. I don’t think this is at all true.
You're on reddit asking how to convert 1 million dollars to BTC. You figured out how to convert 1 million dollars to USDT, get it to your hardware wallet... but you don't know how to get it from your wallet to an exchange to trade for Bitcoin? A million fucking dollars... mate, WTF?
Bitcoin future price For several months now, all over Twitter and the Internet as a whole, I have been constantly seeing posts about the growth of Bitcoin in the near future, about how big investors are about to come and push everything up, and break the ceiling of 100 thousand. People publish some comparisons that Bitcoin has periods, and it will break through the ceiling, they compare it with gold, with real estate in Manhattan in 1800, publishing forecasts from millionaire investors that Bitcoin will reach a million. ​ " beyond that it is simply unprofitable to hold cryptocurrency for the systems around and speculators. " WTF....did you have a stroke?....this isn't a coherent sentence and yet it's "foundational" to your argument.....lol have fun staying poor
Lol what a joke... Two brothers and a cousin is a term for a common huckster scam. Which it very obviously looks like you are participating in with this post and comments. You make a post asking about DCA methods and read 2 comments and have decided that this aplha-male-chart-enhanceer is the end all be all... and is the most "mathematical' solution. WTF do you think that means? How are you certain this paid product that you just got introduced to in this thread is in fact "the most mathematical"... What does the "most math-a-magical" mean in this context of your less than 10 minutes of research. Grow up and learn to shill and scam better.
> I told myself I will finally sell some in 2024/2025 and buy back in the bear market afterwards This subreddit is littered with sad tales from people who tried to "sell high and buy low", only to find that the market had risen and that they would never again in their lifetimes be able to own as much bitcoin as they had before. > WTF just shoot me. Calm down. Just buy and hodl.
Jesus, after holding through 2017 and 2021 -- I told myself I will finally sell some in 2024/2025 and buy back in the bear marker afterwards but now the sentiment is that *this* time, it might never come back. Knowing me, if I sell it will never come back. If I don't sell, it'll be like the same cycle all over again. WTF just shoot me.
WTF? Being a neutral form of monetary energy does not mean having zero value. OR is it? We got no proof that is true. Actually, the only tangible proof is that a zero value medium is synonym of economic distress and fail. If this wouldn't be true, bitcoin wouldn't have existed. The fallacies of FIAT is the reason why you talk about bitcoin today being a solution for zero value paper money.
Every chain should be required to develop a block explorer that makes it incredibly simple to both understand what transactions have occurred and allow them to be imported into tax/portfolio software. i.e. an equivalent to Etherscan. Frankly, I will no longer use a chain that requires me to be a dev to understand what is going on. I am not prepared to get caught out in a tax audit because I couldn't decipher WTF happened on-chain a year ago. I am looking at you Cardano and Solana!
...... you holding a paper with hand written info that can easily be back dated with 2 secs on google and a background that can easily be programed isn't proof. That said..... why does it matter if it's true or now. LIke WTF is the point of this post
Soon enough, people won't be able to sell their dollars for bitcoin. And most just can't fathom that, but it would be like attempting to exchange cotton candy for gold. Good luck with that. The "price" of bitcoin does not correlate to its actual value. Over 70% of bitcoin has not moved in years, in other words, the HODL is supremely well informed and knows what they hold. That doesn't account for the btc that moved addresses, someone hodling and simply sending from one wallet to another. BTC available on exchanges is at an all time low and trending downwards. The "flight to quality" narrative that Larry Fink eluded is beginning to take hold. For every dollar that enter into BTC during a bullmarket, their is between a 3-10x multiplier to the market cap. Capitulation of institutions is knocking at the gates. The courts are all but breathing down the neck of uncle Gary to approve an ETF. Trillions of dollars of capital is searching for secure home amidst a chaotic world and beginning to understand what self custody + zero counterparty risk actually means. The moment a backwater nation state with a money printer decides to openly play the game, the game is over. You have a spontaneous and stupidly rare opportunity to front run the banks, governments, and assholes of the world. WTF are you waiting for?
Everyone here is missing the beauty of OP’s presentation. It doesn’t mention of the biggest holders because we don’t recognize them. ( last sentence is for those who need that explanation) if you don’t get it , WTF are you doing here ???? 😈
There is one Bitcoin, which is honest, pure, and wholesome. There are 20,000+ "cryptocurrencies" - each of them is a scam. You want to lump something good, honest and wholesome together with a bunch of eveil scams. WTF is the matter with you? Calling Bitcoin "crypto" does not stop the 20,000+ scams from being scams. When you call Bitcoin, "crypto," you demonstrate that there is something wrong with you - that you have no clue about what you're saying. YOU create the confusion. There is no valid reason to ever call Bitcoin "cryptocurrency," because you can say "Bitcoin". When you say "cryptocurrency" you are understood to mean "the 20,000+ scams". Bitcoin is not a scam. Never has been. Never will be.