Remarkableriots 1,752 Posted February 11 Share Posted February 11 Mastercard Will Let Merchants Accept Payments in Crypto This Year WWW.GOOGLE.COM The payments giant plans to support digital currency transactions directly on network. Quote Link to post Share on other sites
b_m_b_m_b_m 8,730 Posted February 11 Share Posted February 11 Crypto should be banned. It serves no useful purpose 1 1 5 Quote Link to post Share on other sites
sblfilms 6,088 Posted February 11 Share Posted February 11 This is good for crypto centric businesses. Get cash in and out, getting it accepted in normal transactions, etc. are a major hurdle. Quote Link to post Share on other sites
Dre801 631 Posted February 11 Share Posted February 11 I've got a few bucks invested in Ethereum at the moment. Just dipping my toes into the crypto thing. Will still focus most of my investing into the traditional assets. Quote Link to post Share on other sites
Joe 4,219 Posted February 11 Share Posted February 11 I don't know enough to have an opinion on crytpo, but man, those Coinbase fees are fucking dumb. Quote Link to post Share on other sites
Kal-El814 7,325 Posted February 11 Share Posted February 11 37 minutes ago, b_m_b_m_b_m said: Crypto should be banned. It serves no useful purpose It's punish fucking the planet, that has to count for something? Quote Link to post Share on other sites
GeneticBlueprint 2,856 Posted February 11 Share Posted February 11 42 minutes ago, b_m_b_m_b_m said: Crypto should be banned. It serves no useful purpose If I lived in a place where my currency's value kept tanking I would put everything I could into crypto. Quote Link to post Share on other sites
GeneticBlueprint 2,856 Posted February 12 Share Posted February 12 33 minutes ago, Joe said: I don't know enough to have an opinion on crytpo, but man, those Coinbase fees are fucking dumb. This is the rub. It was the same thing that kept people like me from investing in stocks before the big trading houses started doing no-commission trades. I have some money in a few cryptocurrencies but when you want to put ten or even a hundred dollars in, that fee is a real drag. I just save to put bigger sums in to make it more worth it. 2 Quote Link to post Share on other sites
Jason 16,830 Posted February 12 Share Posted February 12 Sounds like the first one they'll use will be USDC, so...just...why? 26 minutes ago, Kal-El814 said: It's punish fucking the planet, that has to count for something? Bitcoin is an energy guzzler, apparently some other cryptos are a lot more reasonable on the energy consumption front though. Quote Link to post Share on other sites
b_m_b_m_b_m 8,730 Posted February 12 Share Posted February 12 44 minutes ago, GeneticBlueprint said: If I lived in a place where my currency's value kept tanking I would put everything I could into crypto. And then do what with it Quote Link to post Share on other sites
GeneticBlueprint 2,856 Posted February 12 Share Posted February 12 11 minutes ago, b_m_b_m_b_m said: And then do what with it Right now? Save and offset inflation to buy back your own currency or another. Ten years from now? Use it to buy shit at a more equitable price. Quote Link to post Share on other sites
ThreePi 430 Posted February 12 Share Posted February 12 1 hour ago, Jason said: Sounds like the first one they'll use will be USDC, so...just...why? Bitcoin is an energy guzzler, apparently some other cryptos are a lot more reasonable on the energy consumption front though. I don't understand this idea of some crypto being less energy consuming. If these other cryptocurrencies were valuable enough then production would be created to fill up available energy capacity. Ultimately I view crypto in a similar way to something like Uber/Airbnb/other gig economy technology "solutions." These "disruptive" technologies worked so well because they were largely unregulated and in the case of something like Uber is incredibly exploitative and still struggles to turn a profit. At some point bitcoin will be up against actual regulation and it will need to be reigned in. Quote Link to post Share on other sites
b_m_b_m_b_m 8,730 Posted February 12 Share Posted February 12 10 minutes ago, ThreePi said: I don't understand this idea of some crypto being less energy consuming The sudoku puzzles they use for mining are easier Quote Link to post Share on other sites
sblfilms 6,088 Posted February 12 Share Posted February 12 10 minutes ago, ThreePi said: I don't understand this idea of some crypto being less energy consuming. If these other cryptocurrencies were valuable enough then production would be created to fill up available energy capacity. My understanding is it has to do with how much energy it costs to process each transaction, but I am not an expert at all. Quote Link to post Share on other sites
ThreePi 430 Posted February 12 Share Posted February 12 51 minutes ago, sblfilms said: My understanding is it has to do with how much energy it costs to process each transaction, but I am not an expert at all. I mean, people aren't buying up crates of 3080s to process transactions. Those video cards, those ASICs, those hacked botfarms are going ot be running at capacity whether they're mining bitcoin, etherium, doge, or whatever. Quote Link to post Share on other sites
sblfilms 6,088 Posted February 12 Share Posted February 12 Just now, ThreePi said: I mean, people aren't buying up crates of 3080s to process transactions. Those video cards, those ASICs, those hacked botfarms are going ot be running at capacity whether they're mining bitcoin, etherium, doge, or whatever. Rising values in less efficient crypto encourages more hardware to be online to generate profits, thus more energy usage. 1 Quote Link to post Share on other sites
Jason 16,830 Posted February 12 Share Posted February 12 There's also the issue that a lot of the heavy activity happens in areas with extremely cheap/free electricity. I remember something about people secretly setting up in Venezuelan industrial zones with free electricity, for instance. So the activity is not really responsive to how much energy they're using because they're not paying for it anyhow, or the rate is so low that the difference amounts to a few pennies even if it's a huge energy difference. 1 Quote Link to post Share on other sites
b_m_b_m_b_m 8,730 Posted February 12 Share Posted February 12 51 minutes ago, Jason said: There's also the issue that a lot of the heavy activity happens in areas with extremely cheap/free electricity. I remember something about people secretly setting up in Venezuelan industrial zones with free electricity, for instance. So the activity is not really responsive to how much energy they're using because they're not paying for it anyhow, or the rate is so low that the difference amounts to a few pennies even if it's a huge energy difference. Wasn't there also a farm somewhere in northern europe where it was powered by hydro power and they could cool the machines by basically just opening the doors to the outside? Quote Link to post Share on other sites
Keyser_Soze 11,918 Posted February 12 Share Posted February 12 If you buy something at a store with bitcoin you're buying the whole store. Quote Link to post Share on other sites
GeneticBlueprint 2,856 Posted February 12 Share Posted February 12 Kenya Central Bank probing Bitcoin to fight its depreciating currency - FurtherAfrica Looking into making Bitcoin their reserve currency. Quote Link to post Share on other sites
legend 4,292 Posted February 13 Share Posted February 13 I don't think I can adequately describe how much I both hate crypto currency and the obsession to use "blockchain" for things it has no business being used for -- which happens to be all the things people want to use blockchain for. 1 Quote Link to post Share on other sites
Anathema- 4,696 Posted February 13 Share Posted February 13 but how will my fruit stand take off without the blockchain Quote Link to post Share on other sites
Jason 16,830 Posted February 13 Share Posted February 13 15 minutes ago, Anathema- said: but how will my fruit stand take off without the blockchain There's always money in the banana stand. 1 Quote Link to post Share on other sites
Anathema- 4,696 Posted February 13 Share Posted February 13 2 hours ago, Jason said: There's always money in the [blockchain]. Quote Link to post Share on other sites
Jason 16,830 Posted February 13 Share Posted February 13 Just now, Anathema- said: There's always money in the [bananachain]. Quote Link to post Share on other sites
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