abenjami Posted December 2, 2022 Report Share Posted December 2, 2022 7 hours ago, Titans_Win_Again said: I enjoy using my crypto assets, experimenting with new applications and searching for ways to earn yield. I can't imagine how boring it is to be a BTC maxi where there's nothing to do but share propaganda memes. Might not be a bad idea to use your crypto assets to buy some USD. Link to post Share on other sites More sharing options...
Titans_Win_Again Posted December 2, 2022 Report Share Posted December 2, 2022 Just now, abenjami said: Might not be a bad idea to use your crypto assets to buy some USD. Well if you'd read my previous post you'd see 33% of my crypto portfolio is USDC (dollar backed stable coin issued by Coinbase) abenjami 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted December 2, 2022 Report Share Posted December 2, 2022 (edited) 56 minutes ago, Titans_Win_Again said: You missed the point, by a lot. FTX and Celsius are what bitcoiners are reduced to using if they want to do anything besides hodl. ETH has a robust ecosystem of financial applications run by transparent smart contracts. 3AC, Celsius, FTX, etc all used Defi protocols to lever up their positions and yet when shit hit the fan these protocols (AAVE for example) were left holding 0 bad debt because they only gave out collateralized loans. I can use my ETH in a variety of ways (lending it, offering it as trading liqudity on uniswap, writing call options with it, using it as collateral for loans or margin trading, etc) without transferring ownership to a centralized entity. And yea I know what Osmo is, I got airdropped like 20k of them when it launched launched last year. Bitcoiners would argue that they don't have to bother being reduced as bitcoin is programmed to appreciate against all that other shit. They would say hodling is all they need to do to "earn yield". Edited December 2, 2022 by NashvilleNinja Link to post Share on other sites More sharing options...
Titans_Win_Again Posted December 2, 2022 Report Share Posted December 2, 2022 32 minutes ago, NashvilleNinja said: Bitcoiners would argue that they don't have to bother being reduced as bitcoin is programmed to appreciate against all that other shit. They would say hodling is all they need to do to "earn yield". "programmed to appreciate" lol you've been staring at too many memes. ETH has a lower issuance rate than BTC btw Also whenever you want to sell you'll need to transfer your BTC to an exchange's custody. ETH users can simply interact with Uniswap or another non custodial DEX. Link to post Share on other sites More sharing options...
BobbyCoins Posted December 2, 2022 Report Share Posted December 2, 2022 22 minutes ago, Titans_Win_Again said: "programmed to appreciate" lol you've been staring at too many memes. ETH has a lower issuance rate than BTC btw Also whenever you want to sell you'll need to transfer your BTC to an exchange's custody. ETH users can simply interact with Uniswap or another non custodial DEX. Link to post Share on other sites More sharing options...
BobbyCoins Posted December 2, 2022 Report Share Posted December 2, 2022 (edited) In the end, most "normies"/regular folks don't and won't give half a dusty damn about swapping ETH on Uniswap for some other crypto and paying a hefty fucking tax on the transaction. But buying a 6 pack down at the store with a few sats on their mobile wallet they can scan at the register? Or buying a new Tesla in the same exact way? They'll probably perk up for that. Edited December 2, 2022 by NashvilleNinja Link to post Share on other sites More sharing options...
Titans_Win_Again Posted December 2, 2022 Report Share Posted December 2, 2022 A video about Walmart implementing Lightning payments? LOL you're buying the propaganda again. "hefty fucking tax" on Uniswap transactions? Current price is 2.5$ per TX OILERMAN 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted December 2, 2022 Report Share Posted December 2, 2022 4 minutes ago, Titans_Win_Again said: A video about Walmart implementing Lightning payments? LOL you're buying the propaganda again. And you're dismissing it out of hand because it doesn't fit your narrative that Bitcoin is nothing but a speculative digital rock. 4 minutes ago, Titans_Win_Again said: "hefty fucking tax" on Uniswap transactions? Current price is 2.5$ per TX Back when Ethereum's network was congested with all the ape nfts and everyone was on their get rich quick shit, when I was trying to move a piddly $10 in USDC, the cost to merely move it from one wallet to another ranged from anywhere between the amount I was trying to move up to 5x as much, if not more, depending on the time of day. Do you know how much it costs to deposit any amount of ATOM to Osmosis? 0.0013 ATOM, or $.01 at the least. Do you know how much it costs to swap on Osmosis between any of the coins on the exchange, including ATOM? 0.01 ($.01) Osmo, at most. 0.00625 Osmo at medium. Or... you can just choose 0. And that's with any amount I've transacted with so far. But you having 20k Osmo you should know that. I'm no Cosmos shill. And Ethereum's ecosystem no doubt has more "robustness" to it just beause it's been around longer with more developers. But the point is, if you're going to play around in the DEFI space there are far more cost efficient playgrounds. Regardless, I've done enough transacting with Eth on Uniswap to know I'll never swap on it again. But I get it. You've been in the space longer than I have and you obviously have a bias toward Ethereum. I don't have that burden and probably never will. Link to post Share on other sites More sharing options...
OILERMAN Posted December 2, 2022 Report Share Posted December 2, 2022 Bitcoin is nothing but a speculative digital rock Supdawg 1 Link to post Share on other sites More sharing options...
OILERMAN Posted December 2, 2022 Report Share Posted December 2, 2022 NBC: European Central Bank says bitcoin is on the ‘road to irrelevance’ In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff said that, for bitcoin’s proponents, the apparent stabilization in its price this week “signals a breather on the way to new heights.” “More likely, however, it is an artificially induced last gasp before the road to irrelevance — and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000,” they wrote. ... Bindseil and Schaff said that bitcoin didn’t fit the mold of an investment and wasn’t suitable as a means of payment, either. “Bitcoin’s conceptual design and technological shortcomings make it questionable as a means of payment: real Bitcoin transactions are cumbersome, slow and expensive,” they wrote. “Bitcoin has never been used to any significant extent for legal real-world transactions.” “Bitcoin is also not suitable as an investment. It does not generate cash flow (like real estate) or dividends (like equities), cannot be used productively (like commodities) or provide social benefits (like gold). The market valuation of Bitcoin is therefore based purely on speculation,” they added. 'Nator 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted December 2, 2022 Report Share Posted December 2, 2022 7 hours ago, OILERMAN said: NBC: European Central Bank says bitcoin is on the ‘road to irrelevance’ In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff said that, for bitcoin’s proponents, the apparent stabilization in its price this week “signals a breather on the way to new heights.” “More likely, however, it is an artificially induced last gasp before the road to irrelevance — and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000,” they wrote. ... Bindseil and Schaff said that bitcoin didn’t fit the mold of an investment and wasn’t suitable as a means of payment, either. “Bitcoin’s conceptual design and technological shortcomings make it questionable as a means of payment: real Bitcoin transactions are cumbersome, slow and expensive,” they wrote. “Bitcoin has never been used to any significant extent for legal real-world transactions.” “Bitcoin is also not suitable as an investment. It does not generate cash flow (like real estate) or dividends (like equities), cannot be used productively (like commodities) or provide social benefits (like gold). The market valuation of Bitcoin is therefore based purely on speculation,” they added. This is entirely speculative. Link to post Share on other sites More sharing options...
BobbyCoins Posted December 2, 2022 Report Share Posted December 2, 2022 1 hour ago, Titans_Win_Again said: A video about Walmart implementing Lightning payments? LOL you're buying the propaganda again. Coming back to this comment... I recently hired an electrician to do some electrical work and he elected to be paid less in cash simply because of the headaches of dealing with processing fees that Visa dings him with when people pay for his company's work. Luckily for me there were "family n friends connections" or he'd have just passed the cost on to me. Mallers talking about how there hasn't been any innovation in decades to the networks that payment processing systems run on isn't "propaganda". It's reality, and my dealings with that electrician is just one tiny example that points to that. Link to post Share on other sites More sharing options...
BobbyCoins Posted December 2, 2022 Report Share Posted December 2, 2022 7 hours ago, OILERMAN said: Bitcoin is nothing but a speculative digital rock Your head is nothing but an actual analog rock. Regardless of how laughable you think Bitcoin is, the fact that there are ways to obtain Bitcoin without even altering your daily/monthly spending or even spending a single dime to buy it outright... and you still won't get off 0... will always be more laughable, even IF Bitcoin were to go to zero. The cost of doing nothing <<<<<<< the cost of doing nothing with benefits. Link to post Share on other sites More sharing options...
Supdawg Posted December 2, 2022 Report Share Posted December 2, 2022 1 hour ago, NashvilleNinja said: Your head is nothing but an actual analog rock. Regardless of how laughable you think Bitcoin is, the fact that there are ways to obtain Bitcoin without even altering your daily/monthly spending or even spending a single dime to buy it outright... and you still won't get off 0... will always be more laughable, even IF Bitcoin were to go to zero. The cost of doing nothing <<<<<<< the cost of doing nothing with benefits. Link to post Share on other sites More sharing options...
9 Nines Posted December 2, 2022 Report Share Posted December 2, 2022 1 hour ago, NashvilleNinja said: Coming back to this comment... I recently hired an electrician to do some electrical work and he elected to be paid less in cash simply because of the headaches of dealing with processing fees that Visa dings him with when people pay for his company's work. Luckily for me there were "family n friends connections" or he'd have just passed the cost on to me. Mallers talking about how there hasn't been any innovation in decades to the networks that payment processing systems run on isn't "propaganda". It's reality, and my dealings with that electrician is just one tiny example that points to that. I have had many contractors do that over the years. Processing fees are a cost of doing business, and one should factor it into a business plan. If a contractor has enough pricing power to pass that fee to consumers, just raise the price and leave out the hassle of trying to panhandled the customer into paying it, and if you do not have the pricing power to raise prices, and you can not be profitable bearing that processing fee, then perhaps your business plan is not sound. Link to post Share on other sites More sharing options...
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