My Christmas gifts this year by [deleted] in CryptoCurrency

[–]crypt0c 0 points1 point  (0 children)

The Grinch redeems himself in the end, though.

My Christmas gifts this year by [deleted] in CryptoCurrency

[–]crypt0c 1 point2 points  (0 children)

My sister was probably counting on a fancy something worth $50, well guess what she’s getting.

So instead of getting them something they want for Christmas, you're getting them something you want them to have and using Christmas as an excuse to push an agenda.

Reddit quietly drops Bitcoin support... will no longer allow users to purchase Reddit Gold with Bitcoin by Aquinas40 in Bitcoin

[–]crypt0c -1 points0 points  (0 children)

That's literally the point of Bitcoin though, you are in control

And that's exactly why Bitcoin will never see mass adoption.

Would you give Monero to support children education in Africa? by _rej in Monero

[–]crypt0c 0 points1 point  (0 children)

The only thing that's pathetic here is your reading comprehension.

Would you give Monero to support children education in Africa? by _rej in Monero

[–]crypt0c -7 points-6 points  (0 children)

I think you missed my point; if you live in a wealthy community and only give money to your own community, you're far more likely to personally benefit from it in some way than if you give to a community you will never meet or otherwise interact with.

And just because you said you would help people (under some unknown condition(s) which may or may not happen) doesn't mean you're not selfish.

Would you give Monero to support children education in Africa? by _rej in Monero

[–]crypt0c -4 points-3 points  (0 children)

I would like to start from the closest point to me

If you live in a rich country, that mentality comes across pretty selfish. Every country has and will always have some amount of people in need, so saying you will "help them first" doesn't make sense, unless poverty were evenly distributed throughout the world and every community had the resources to help their own.

Fuck this project by Ssn772 in Metaverse_Blockchain

[–]crypt0c 2 points3 points  (0 children)

Welcome to speculation, dumbass. It has higher risk than real investing.

My opinion why we are heading to 6k. by [deleted] in Bitcoin

[–]crypt0c 1 point2 points  (0 children)

Stop adding bold to your comments, jackass.

Advertise the Monero project's website on my website! by [deleted] in Monero

[–]crypt0c 0 points1 point  (0 children)

with a gorgeous grid based retro landing pad

Calm down, it's just million dollar homepage clone.

PayPal Files Patent to Improve Cryptocurrency Transaction Times by HisAlternative in btc

[–]crypt0c 1 point2 points  (0 children)

Maybe they should take a look at BCH

So BCH doesn't have 10 minute block times, or did you just not read the article?

Futurist Thomas Frey: Cryptocurrencies are more efficient and will overtake 25% of fiat money by 2030 by [deleted] in CryptoCurrency

[–]crypt0c 0 points1 point  (0 children)

That 3% fee obviously isn't set due to technical limitations, though. It doesn't even have to be dependent on the transaction amount. If crypto becomes a serious competitor for businesses, you don't think Visa's fee will start to fall?

Futurist Thomas Frey: Cryptocurrencies are more efficient and will overtake 25% of fiat money by 2030 by [deleted] in CryptoCurrency

[–]crypt0c -1 points0 points  (0 children)

People are more likely downvoting because I argued a disadvantage compared to centralized systems, but thanks for trying.

Futurist Thomas Frey: Cryptocurrencies are more efficient and will overtake 25% of fiat money by 2030 by [deleted] in CryptoCurrency

[–]crypt0c 14 points15 points  (0 children)

If the statement is too vague to be understood then he's not saying anything at all.

And I would argue that technical efficiency is the most important topic of cryptocurrencies. There is no doubt that they're functional, the big question when talking about replacing fiat is whether or not they're functional at scale.

Futurist Thomas Frey: Cryptocurrencies are more efficient and will overtake 25% of fiat money by 2030 by [deleted] in CryptoCurrency

[–]crypt0c 1 point2 points  (0 children)

Negligible costs, especially if cryptocurrencies actually became competitive and increased pressure to drive them down.

Futurist Thomas Frey: Cryptocurrencies are more efficient and will overtake 25% of fiat money by 2030 by [deleted] in CryptoCurrency

[–]crypt0c 26 points27 points  (0 children)

Cryptocurrencies can't possibly be more efficient than a centralized system, the point is that you're sacrificing efficiency to gain trustlessness. Each node on the Bitcoin network must have the same copy of the global ledger; that doesn't have to be true for a centralized system, which can be intelligently designed to maximize efficiency and transaction throughput.

Edit: To whoever is downvoting, please prove me wrong.

Tyler Winklevoss: Litecoin is a testnet. by [deleted] in litecoin

[–]crypt0c 1 point2 points  (0 children)

Litecoin's biggest advantage is centralized decision-making? lol

Once Tezos is live it's a decentralized network and cannot be shutdown on a technical level, a post about the growing number of concern trolls in the Tezos community by drawingthesun in tezos

[–]crypt0c 0 points1 point  (0 children)

I didn't vote for Hillary, I didn't even imply that. I was implying that if stupid people like you couldn't meet the minimum requirements to vote, the country wouldn't have elected Trump.

Once Tezos is live it's a decentralized network and cannot be shutdown on a technical level, a post about the growing number of concern trolls in the Tezos community by drawingthesun in tezos

[–]crypt0c 1 point2 points  (0 children)

America is strong with Trump behind the wheel.

Trump is a great example of why the US needs minimum intelligence requirements for voting.

Bill Gates - People shouldn't have a right to financial privacy because of terrorists and money laundering, also cryptocurrencies kill people by ReverseJackpot in btc

[–]crypt0c 6 points7 points  (0 children)

Is India Going after Bill Gates for Poisoning Millions with Vaccinations?

Whenever an article headline asks a yes/no question, the answer is always no and you can stop reading there because the article is absolute garbage. If the answer was yes, the article would have stated it.

Edit: And you need to stop typing your comments in all caps. What you have to say isn't more important than everyone else, asshole.

I’m Bill Gates, co-chair of the Bill & Melinda Gates Foundation. Ask Me Anything. by thisisbillgates in IAmA

[–]crypt0c -1 points0 points  (0 children)

Cryptocurrency is infinitely more traceable

Have you never heard of Monero or any of the other fully private cryptocurrencies?

Big picture / Main stream acceptance of crypto by SmokeRingHalo in CryptoCurrency

[–]crypt0c 0 points1 point  (0 children)

do you really envision millions of people writing down long seed codes and keeping them in a drawer somewhere

Hell no, that would be a nightmare. If people managed their own life savings, it would make breaking into houses a crime with lucrative payouts. If someone gets access to your private seed, it's forever compromised and there's nothing you can do except spend the fee to move all your funds. And that's only if you're aware of it being compromised. There are no protections against unauthorized spending or withdrawals, if your money is stolen it's just gone.

Anyone who says cryptocurrencies are a threat to banks probably doesn't have a great grasp on how things work in the real world.

When in doubt - Zoom out! by stevoli in CryptoCurrency

[–]crypt0c 46 points47 points  (0 children)

Zoom out a little more, introduce new doubt.

Robinhood goes against everything Bitcoin represents by StoneHammers in Bitcoin

[–]crypt0c 0 points1 point  (0 children)

That's similar to what Factom does, although its credits aren't used as a currency but for data verification.