Lightening network's, sidechains, and drive chains are rolling out now and fix this problem.
Edit: I am not trying to talk negatively of any alts, I am a big alt coin supporter. But the criticism of bitcoin for the things I listed above is old hat and have been for years now.
The reason some of the issues still persist is due to the diligent scrutiny the protocol endures before being launched. But the fixes have been in development for a very long time.
Edit Edit: To put plainly, devs have had the for sight of scaling and block congestion dating back to 2010-2011. That is when work began on improvements to the protocol. Anyone who acts like it was a surprise or that there was never a plan to fix this are being disingenuous or are uninformed.
Keeping the block size the same has more to do with backwards compatibility than anything else. Anyone running the latest version of Bitcoin can communicate with anyone using the first version. That is done on purpose and is very important.
With LN bitcoin is going to be even more centralized than it is now. I know there are other options for bitcoin to scale, but i dont like the ln
There are people who do not even know what Litecoin is and are investing in it. I have friends that buy stuff just because its on coinbase.
This sounds way to familiar. Some of my freinds got into crypto. I asked them what they had, he said 'i have 0.003 blockchain'. I turned around and walked away
Are these accounts trying to farm more karma so they appear more legit when they shill their coin?
Good point, not just Binance but in all Exchanges, Coinbase included
I can see ur not on Kucoin. I had some dust there. And the keep giving me divident which turns out to be more dust. Total amount is about 3$ but its in VERY small amouts in almost all the crypto they trade lol
thats awesome. what did you tell them exactly?
I started by explaining what a ponzi scheme is, as they didnt seem to know what a ponzi scheme actually is. Afther that we talked about the principals if bitcoin. "The guy said he didnt trust the system of crypto, what if the company just stopped bitcoin and ranoff with your money?". Then i replied that is excectly the point of crypto. You dont have to trust anyone, you can control it all yourself. Explained abit how the blockchain works. No third party's involved. After that i gave a few examples of how bitcoin can be used against poverty and corruption. They had never heard of that side of crypto before. I think that was what really threw them off and opend their mind. Afther that their were like, but isnt it really hard to buy cryptos??? Thats how it got to them installing coinbase. Ofcourse they didnt start investing immediately. They said they are gonna take another look at it and give it a shot. Good enhough for me :) As you might have noticed english is not my first language but im trying
He does have a wallet but the sweater is a good idea or maybe some socks too?
If you trade crypto for anything, even other crypto, it is either a gain or loss tax event. Technically you need to keep track of every trade and transaction. If you were to be suspected of tax evasion, or even if things look a little off, you could get audited, in which case you would need to prove everything or face fines and possible jail time. No matter how anonymous or unknown you think your crypto funds are, if you're not paying according to the letter of the law, you're committing a crime.
This is the point i dont understand. How does anyone know i have crypto's? I could just say i have none right? Or have multiple accounts, wallets and only show 1 or a few?
At some point you had to convert your fiat to crypto, which is a transaction, no?
I actually started crypto because my brother talked me into it. Afther alot of research i wanted some crypto for my own. I gave him some money and he sent me the crypto. So there is no 'official' record of me moving fiat into crypto.
Great news incomming, cant wait for the crash when all the news will be public
How come it is crashing when the news announced 🤔❓
Same pattern I've seen in my just one year of experience in crypto..
So many people gonna get burned
So when a coin is getting shilled, get in. And get out when the FOMO starts?
Why is there no exchange that has all of the crypto on it? Alright maybe all is abit exaggerated, but top 100 for example. Now i have to sign up to different exchanges and keep track of them all, which is kind of annoying.
I think procrastination happens when your only motivation is avoidance of bad things, like not getting things done by the deadline. Getting things done earlier needs a different kind of motivation, of seeking good things. If you feel bad and/or lack happy experiences in your life, then you may only feel the avoidance motivation. Knowing there are good experiences in the future can motivate me to even finish unrelated tasks.
Never thought off it it like that before. This pretty much describes how im feeling, just need something to look forward to now...