- Dec 2, 2015
So if a snowboarder pays in Crypto, can they ride at Alta?
Firing up the DeLorean now…
Firing up the DeLorean now…
There will be carbon capture tokens, a global tax on energy consumption.Exactly! Google "Proof of Stake".......vs "Proof of Work". If more of us choose to go w/ the POS framework, the electrical concerns become more in line w/ traditional finance usage and you get to "have a say" in which system you support! Learning this stuff has been like learning to ski! FUN!
As it is the assets are segregated from conventional custody, changing fast.
Not mocking crypto, a company can accept payment anyway they want, it can open its product's to new customers or close it off to others. It is a business decision and they will succeed or fail based on it's decision.Could this be the end of crypto when a few people on an obscure forum mock a company for accepting btc as payment?
disclaimer, I own a whopping $144 of crypto. Trade for some baby formula for my nephew?
can confirm it is already above 0%The proof will be in the pudding.
Let's check back next year at this time at end of sesson, and perhaps cyrus will share with us how many transactions or percentage of sales were completed in cryto.
I will guess it is less than 5, with 50% of my bet that it will be 0 transactions*
(*with the extra requisite these has to be a new unknown customer; not friends/family that have a peior relationship).
Many of these investment brokers that have gotten into the game are using crypto like a growth stock rather than a payment vehicle. Purchase a crypto item and if it goes up you sell it just as you would do a growth stock. If it goes down you lost your capital investment, how long until some pump and dump scheme comes around using crypto?At minimum learn the ecosystems. Crypto and Blockchain based finance is coming ( Groups like FTX US are the latest incarnation of the paradigm and taking finance in new directions) and if you're not at least familiar w/ how it all works, you'll be behind the game as far as financial markets are concerned. Investment brokers have opened Crypto accounts in droves........ for THEIR OWN $$$$....
I consider my crypto "Tuition" for learning during this current phase as the SEC pushes it into it's regulatory infancy.
I will say that transactions are CRAZY EASY!... but caveat emptor!
Always with the distracting pants........ maybe more like High Risk Tolerance = "Dumber"!?!? ... just like most that are recent to it, I've actually lost $$$ in crypto! but all good in the name of "Learning"
The key word to learn is "HODL" and don't play w/ more than you are willing to lose!
Just to keep up appearances here is my new Bogner jckt!!!!!!! ROFLMAO....... Okay...... I confess... It was a "hand me down" from an ex Bogner employee up here in VT!!! Rockn' w/ the PJ's!!
There have been a number of crypto pump and dump schemes already.how long until some pump and dump scheme comes around using crypto?