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1. Embed this notice
   kaia (kaia@brotka.st)'s status on Friday, 08-Nov-2024 20:16:33 JST kaia
   important life lesson: Trade Republic has horrible spread for Crypto. I was in the green, but still would have received back less than I had invested. thankfully I waited a day and now made some money :l_happy: not using Trade Republic for crypto again though.
   • on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ likes this.
   • Embed this notice
     翠星石 (suiseiseki@freesoftwareextremist.com)'s status on Friday, 08-Nov-2024 20:17:46 JST 翠星石

     in reply to
     @kaia >using cryptocurrencies as an "investment" instead of as a currency.
     kaia likes this.
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     Nicro (nicro@fedi.absturztau.be)'s status on Friday, 08-Nov-2024 20:24:48 JST Nicro

     in reply to

     • 翠星石
     @Suiseiseki @kaia This. Was it crypto directly, or an ETF based on a crypto. If you are not going to use the currency anyway, traditional banks usually give better conditions for the later.
     kaia likes this.
   • Embed this notice
     kaia (kaia@brotka.st)'s status on Friday, 08-Nov-2024 20:29:23 JST kaia

     in reply to

     • 翠星石
     • Nicro
     @Nicro @Suiseiseki
     TradeRepublic use Bankhaus Scheich as a Crypto provider. I presume one trades only certificates and they are not actually buying or selling crypto? :ChenShrug:
   • Embed this notice
     Chirayu :verified: :twit: (mountdiscovery@twit.social)'s status on Friday, 08-Nov-2024 20:29:32 JST Chirayu :verified: :twit:

     in reply to

     @kaia the juice is not worth the squeeze

     If I am to use a manipulated currency, why not my nation state?

     kaia likes this.
   • Embed this notice
     cipote :bishrexual: (teratology@the.asbestos.cafe)'s status on Friday, 08-Nov-2024 20:34:34 JST cipote :bishrexual:

     in reply to

     • 翠星石
     @Suiseiseki @kaia it tends to fail the use case as a currency if you're talking about BTC
     kaia likes this.
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     翠星石 (suiseiseki@freesoftwareextremist.com)'s status on Friday, 08-Nov-2024 20:37:21 JST 翠星石

     in reply to

     • cipote :bishrexual:
     @teratology BTC works fine as a currency as the transaction fee is not a problem when it come to medium or large transactions - you send it and the other end receives it no matter where they are in the world.
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     翠星石 (suiseiseki@freesoftwareextremist.com)'s status on Friday, 08-Nov-2024 20:55:01 JST 翠星石

     in reply to

     • cipote :bishrexual:
     @teratology >it's volatile
     1 BTC == 1 BTC and there's a fixed supply, the only volatility is the exchange rate with USD.
     
     >most darknet markets have moved to more stable coins like monero
     Most darket markets have moved to monero because it's private and fungible.
     
     >you can't reverse transactions and you lose all your shit if you accidently send stuff to an incorrect address
     It sounds like a bug, but it's a feature really, as a cryptographic guarantee transactions cannot be reversed is what a digital currency needs.
     
     >while relying on internet primarily controlled by corpos.
     There is no reason why bitcoin cannot be tunneled over overlay networks or even via meshnets, just as long as all the nodes can eventually communicate with each other.
   • Embed this notice
     cipote :bishrexual: (teratology@the.asbestos.cafe)'s status on Friday, 08-Nov-2024 20:55:02 JST cipote :bishrexual:

     in reply to

     • 翠星石
     @Suiseiseki it's volatile and that's why most darknet markets have moved to more stable coins like monero, and you can't reverse transactions and you lose all your shit if you accidently send stuff to an incorrect address. Proof of concept is retarded too. But even without proof of concept creepto investors openly admit to knowing that other alt coins like ETH are potential rugpulls and scams.
     
     You can't expect a real decentralized currency from crypto when most are used as speculative assets while relying on internet primarily controlled by corpos.
   • Embed this notice
     cipote :bishrexual: (teratology@the.asbestos.cafe)'s status on Friday, 08-Nov-2024 21:39:01 JST cipote :bishrexual:

     in reply to
     @Suiseiseki any fixed supply of crypto is completely arbitrary. It doesn't have any value behind it like sticks do.
     
     Like I said if BTC or other alt coins really were going to liberate people from banking, I don't think that Trump wouldn't have just run his campaign off of promising to centralize the hashrate, not that it's not already primarily centralized between 2 major groups anyway. Most people who invested are holding coins through exchanges anyway.
     
     Overlay networks and meshnets, why isn't that done again? Let's just not pretend that most people are using open source wallets over coinbase or Robinhood.
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     翠星石 (suiseiseki@freesoftwareextremist.com)'s status on Friday, 08-Nov-2024 21:39:39 JST 翠星石

     in reply to

     • cipote :bishrexual:
     @teratology >any fixed supply of crypto is completely arbitrary. It doesn't have any value behind it like sticks do.
     It's at least fixed unlike the US dollar.
     
     You can't send a stick to the other side of the earth in 10 minutes.
     
     >Most people who invested are holding coins through exchanges anyway.
     Yes, those who "invest" rather than actually use it as a currency have all the coins in exchange wallets.
     
     >Overlay networks and meshnets, why isn't that done again?
     Monero already supports tor and has limited support for i2p.
     
     >most people are using open source wallets over coinbase or Robinhood.
     GNU/Jihad against "open source"!!!
     
     I do reckon most people are actually using a free software wallet, although there are also many fools that use coinbase's or Robinhood's wallets.