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 CRYPTO problem, Crypto bitcoin will never replace money!

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KLthinker91
post May 30 2021, 11:17 AM

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From: Cherasboy
QUOTE(whyamiblack @ May 30 2021, 10:39 AM)
Did you watch the video?

9:30 ahead
No cause fuck this guy, he's annoying biggrin.gif

QUOTE
Nobody ever said it was going to replace fiat. It's as impractical as using any asset to transact.
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I find it quite practical actually
KLthinker91
post May 30 2021, 02:10 PM

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From: Cherasboy
Don't take this the wrong way, but I got a lot of objections to that post biggrin.gif

QUOTE(whyamiblack @ May 30 2021, 11:23 AM)
Really? I hated transacting with it tbh. It's not that fast
Wayyyy faster than bank

QUOTE
it's expensive
Wayyyy cheaper than bank in large amounts

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you type the wrong address, it's all gone
Zaman ini ada orang type kah

QUOTE
Imagine some old folk try to work around this thing
If we go by the standard of old folks as minimum for tech adoption then we can stay forever in zaman typewriter and cheque, seriously

In any case the only reason why it is still difficult to use is arbitrary regulation

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I don't know who called it cryptocurrency when it really should be called cryptoasset
Semantics lol

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I've lost more money transacting than trying to practice some TA
Then either you are bull market genius or traded rarely

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Luckily the return made up for it
So complain apa?

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but it ended up not that much
Maybe you didn't put in much anyway

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Probably when CBDC lands officially, it would probably better
Like I said, 99% of UI problem is just banks trying to get their pound of flesh. And hey, isn't this a big step up from FARKING SCAMMER IMAGINARY NUMBER BULLSHIT brows.gif

This is like saying Internet is useless for anything except GIRO and payment gateway. It's so much more than that.

QUOTE
Until then, it's just another asset/derivative imo.
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Encrypted decentralised self-transacting anonymous distributed databases are so much more than just money, man. We just don't have enough people working on end-user solutions yet, because angel investors refuse to fund end-user solutions. There's A LOT of coding work to be done, but the possibilities are incredible.

This post has been edited by KLthinker91: May 30 2021, 02:11 PM
KLthinker91
post May 30 2021, 05:29 PM

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From: Cherasboy
QUOTE(whyamiblack @ May 30 2021, 03:08 PM)

Yeah but that's like saying this whole thing is worth only promises. This is why I called it just another asset/derivative. Until that promise shows any sign of delivery or something gets delivered, it's just another speculation.

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I think you're being a little short-sighted if you look at it that way, bearing in mind the whole sector is in infancy. Many of the UI problems you mention are about the same as people used to say about e.g. online shopping back in dial up era. Slow, requires expertise, inferior to existing alternatives. And we are indeed in dial up era as far as crypto is concerned. But look how far things have come. If you see the potential of the tech, and I'm fairly certain you do, IMO you shouldn't see it as speculative but as a developing technology with a 20-30 year growth horizon.

That being said. At least you're much better informed than most naysayers. So. Whatever our specific difference of opinion... Buckle in, get the popcorn and let's watch where this goes, eh? biggrin.gif

 

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