Bitcoin discussion and news

[BigTom]

Although they don't state the methodology, given this finding:

When asked if cryptocurrency was used to make payments while on a date, 37% of the respondents said they paid in crypto. Some 31% of the respondents said it was their partner that paid in crypto while 13% said they both paid in crypto.

I'm going to go out on a limb and say this was a self selecting survey mostly, if not entirely, responded to by crypto bros.

In which case the real takeaway here is that most of them do not think they are smarter, more attractive or wealthier than noon investors.
Which seems surprisingly self aware.

 

[q_w_e_r_t_y]

I assume thats %ages of the ones that paid in crypto. When I'm with crypto friends, its an opportunity to demonstate a new tool/wallet/platform,
Lots of crypto folk still use fiat to pay for real world things, by demonstrating how you can pay for x in crypto is a bit of a flex, so I would guess that people did it to impress..

Good way to weed out those that are still fetishise fiat.

(although I did once try to pay with btc in a cafe that boasted that it accepted btc payments and they looked at me like I'd tried to pay in pigs blood - I had to nip to a cashpoint in the end. Sigh, we are so early.)

 

[Supine]

I assume thats %ages of the ones that paid in crypto. When I'm with crypto friends, its an opportunity to demonstate a new tool/wallet/platform,
Lots of crypto folk still use fiat to pay for real world things, by demonstrating how you can pay for x in crypto is a bit of a flex, so I would guess that people did it to impress..

Good way to weed out those that are still fetishise fiat.

(although I did once try to pay with btc in a cafe that boasted that it accepted btc payments and they looked at me like I'd tried to pay in pigs blood - I had to nip to a cashpoint in the end. Sigh, we are so early.)

Crypto friends

 

[Yossarian]

Although they don't state the methodology, given this finding:




I'm going to go out on a limb and say this was a self selecting survey mostly, if not entirely, responded to by crypto bros.

In which case the real takeaway here is that most of them do not think they are smarter, more attractive or wealthier than noon investors.
Which seems surprisingly self aware.

Seven percent of respondents were noninvestors and 93% invested in either crypto, NFTs, or both. The current data suggests that only 16% of Americans have invested in/traded/used crypto at one point in their lives.

In real life, I reckon about 90% of the crypto bros have had a date go to the loo and not return after they either started talking about the blockchain or argued with a waiter about paying in bitcoin.

 

[NoXion]

Crypto friends

AKA cultists, grifters, and scam victims.

 

[NoXion]

Reduction of transaction costs, say for remittance payments, often a very large part of emerging economies GDP - Sri Lnka for example.

Those costs will just get replaced with gas fees.

 

[Storm Fox]

AKA cultists, grifters, and scam victims.

Also

Good way to weed out those that are still fetishise fiat.

That doesn't sound cultish at all Excluding the Other is definitely a sign of a cult

 

[Monkeygrinder's Organ]

Also

That doesn't sound cultish at all Excluding the Other is definitely a sign of a cult

Yeah maybe a bit. The thing that strikes me most about it though is how profoundly dishonest it is. The suggestion that there's any significant number of people who pay for their day to day lives via crypto (I mean I strongly suspect it's literally zero but maybe there are a few nutters somehow managing it) is basically just an outright lie as far as I can see.

 

[Supine]

I know somebody who uses a crypto card. She is also a bit of a conspiracy theorist.

 

[Monkeygrinder's Organ]

I know somebody who uses a crypto card. She is also a bit of a conspiracy theorist.

I wasn't aware of crypto cards. Is that stuff like this: Crypto.com Visa Card | Up to 5% Card Spend Reward

Something like that really isn't paying for stuff with crypto is it. Assuming it does actually work you pay in GBP, whatever these people might do with the funds doesn't change that. It looks like what happens here is you put in (lots) of GBP, they promise you a return, and in theory you can pay for stuff with this card that you get. Looks like a selling point on a fairly standard crypto scam tbh - if anyone has actually put in the £300k for an Obsidian card I doubt they'll have it for long.

 

[q_w_e_r_t_y]

I wasn't aware of crypto cards. Is that stuff like this: Crypto.com Visa Card | Up to 5% Card Spend Reward

Something like that really isn't paying for stuff with crypto is it. Assuming it does actually work you pay in GBP, whatever these people might do with the funds doesn't change that. It looks like what happens here is you put in (lots) of GBP, they promise you a return, and in theory you can pay for stuff with this card that you get. Looks like a selling point on a fairly standard crypto scam tbh - if anyone has actually put in the £300k for an Obsidian card I doubt they'll have it for long.

you dont have to load it with fiat tho, you can load it with crypto then spend. Crypto.com is on the Cosmos chain, and there is a GBP stablecoin you can use as a gbp pegged crypto so you can move in and out of fiat without losis

Obviously stablecoins have their risks tho.

I know somebody who uses a crypto card. She is also a bit of a conspiracy theorist.

Arent we all conspiracy theorists these days, I mean most people accept that the world is round, but what about te rest?

There are conspiracies everywhere, especially in the global financial cartel

Spoiler: Obligatory explanation

(and no, before some smart arse picks up on that phrase when I say the global financial cartel, I mean the global financial cartel, not Jewish folk ffs)

.

The whole of capitalism, most of liberal democracy and igeopolitics is conspiracy, There are tonnes of conspiracies in blockchain as well, but as the recent meltdown of centralised entities like Luna, Celcius and 3 Arrows shows, it is when things go off chain that occluded conspiracies can arise.

 

[SpineyNorman]

Who exactly is in this definitely not jewish global financial cartel?

 

[cybershot]

He’s at it again.

Bitcoin: Missing hard drive could fund Newport crypto hub

Nearly 10 years after binning the hard drive, it is thought the Bitcoin on it could be worth £150m.

www.bbc.co.uk

 

[BristolEcho]

What a prick.

 

[moochedit]

He’s at it again.

Bitcoin: Missing hard drive could fund Newport crypto hub

Nearly 10 years after binning the hard drive, it is thought the Bitcoin on it could be worth £150m.

www.bbc.co.uk

I bet he sends letters to the council every week written in green crayon

 

[BristolEcho]

The whole fucking spill about setting up terminals everywhere in Newport etc. How great for Newport.

 

[beesonthewhatnow]

He’s at it again.

Bitcoin: Missing hard drive could fund Newport crypto hub

Nearly 10 years after binning the hard drive, it is thought the Bitcoin on it could be worth £150m.

www.bbc.co.uk

Where to start with that lot

 

[beesonthewhatnow]

Actually, what would be perfect is if he finally gets the go ahead, spends a few million finding the drive, only for it all to tank and be worthless just as he gets the drive going again

 

[Crispy]

Nomad Bridge Hacked, Nearly All Funds Drained.

The Nomad bridge has been exploited for $190 million. The attackers used hundreds of addresses to drain the project, which has a mere...

watcher.guru

More whoopsies.

 

[pbsmooth]

he seems a bellend but I can imagine being driven slowly mad in the same situation.

 

[pbsmooth]

I feel like a new trend in crypto circles is banging on about early this is in crypto's journey. "we're so early!"... "still so early"... etc in twitter responses. a nice distraction from the fact it has halved in value this year and a catch all way to fend off any criticism.

 

[kabbes]

… and it’s also not even true that is still early. We’re getting on for 14 years into Bitcoin now. By analogy to the internet: Amazon launched 5 years into the life of the www, Google 7 years and even Facebook just about arrived within 15 years. This is not early.

 

[Monkeygrinder's Organ]

He’s at it again.

Bitcoin: Missing hard drive could fund Newport crypto hub

Nearly 10 years after binning the hard drive, it is thought the Bitcoin on it could be worth £150m.

www.bbc.co.uk

Where does he think he's 'secured funding' from to dig up a massive landfill site on the offchance there's a functioning hard drive in there somewhere. Has one of his mates lent him a spade?

 

[pbsmooth]

judging from his clock, this is not his only bitcoin rodeo.

 

[BigTom]

… and it’s also not even true that is still early. We’re getting on for 14 years into Bitcoin now. By analogy to the internet: Amazon launched 5 years into the life of the www, Google 7 years and even Facebook just about arrived within 15 years. This is not early.

No but look



Way less than 10% of people use bitcoin, especially when we consider the global situation.

Therefore we are still in the early adopter phase, this graph shows that quite clearly and there is no possible other statistical explanation, that's just maths!

 

[hipipol]

No but look

View attachment 335699

Way less than 10% of people use bitcoin, especially when we consider the global situation.

Therefore we are still in the early adopter phase, this graph shows that quite clearly and there is no possible other statistical explanation, that's just maths!

Explain El Salvador to me in terms that dont leave ALL of them holding useless piles of speculative nonsense? The country adopted Bitcoin, the first and best established of the cryto deliberately designed to be volaitle token, along with the USD as official currency - how wells that doing?

 

[Combustible]

No but look

View attachment 335699

Way less than 10% of people use bitcoin, especially when we consider the global situation.

Therefore we are still in the early adopter phase, this graph shows that quite clearly and there is no possible other statistical explanation, that's just maths!

Otherwise known as the bellend curve

 

[Monkeygrinder's Organ]

in terms that dont leave ALL of them holding useless piles of speculative nonsense?

That seems an unnecessary restriction.

 

[Shippou-Sensei]

Saw this in waitrose


Only prices listed are in fiat

 

[NoXion]

Saw this in waitrose
View attachment 336250

Only prices listed are in fiat

Not exactly making it easy to survive on Bitcoin alone, are they?