Many posters are now hand-tied. They're used to clicking an lol emoji for their "rebuttal".
Google Cloud partners with CryptoWire to develop Blockchain, Crypto ecosystem
Microsoft to use the Ethereum Blockchain to prevent piracy.
Walmart employed Blockchain, to create an automated system for managing invoices from and payments to its 70 third-party freight carriers.
https://hbr.org/2022/01/how-walmart-canada-uses-blockchain-to-solve-supply-chain-challenges[/quote
]
Companies incorporating Cryptocurrency:
"Microsoft is Embracing Blockchain With its New Ethereum-Based Framework"
"Dish Network adopts Blockchain Technology"
"Visa’s embrace of crypto is starting to pay off"
"Associated Press partners with Chainlink to put its journalistic information on a blockchain"
"DraftKings Marketplace Chooses Polygon for Mainstream NFT Adoption"
https://futurism.com/microsoft-is-embracing-blockchain-with-its-new-ethereum-based-framework
https://fortune.com/2021/07/15/visa-crypto-payments-fintech-cryptocurrency/
https://cryptopotato.com/draftkings-marketplace-chooses-polygon-for-mainstream-nft-adoption/[/quote
]
ccrryypptt wrote:
Companies incorporating Cryptocurrency:
"Microsoft is Embracing Blockchain With its New Ethereum-Based Framework"
"Dish Network adopts Blockchain Technology"
"Visa’s embrace of crypto is starting to pay off"
"Associated Press partners with Chainlink to put its journalistic information on a blockchain"
"DraftKings Marketplace Chooses Polygon for Mainstream NFT Adoption"
https://insidebitcoins.com/news/dish-network-adopts-blockchain-technology-through-cardano-partnershiphttps://futurism.com/microsoft-is-embracing-blockchain-with-its-new-ethereum-based-frameworkhttps://fortune.com/2021/07/15/visa-crypto-payments-fintech-cryptocurrency/https://www.theblockcrypto.com/linked/121679/associated-press-partners-with-chainlink-to-put-its-journalistic-information-on-blockchainhttps://cryptopotato.com/draftkings-marketplace-chooses-polygon-for-mainstream-nft-adoption/
[/quote]
Draft Kings and Dish Network? LMFAO
"The Library of Congress identified 42 countries with implicit bans on certain cryptocurrency uses in its November 2021 update. Some of the countries it lists are:
Bahrain
Burundi
Cameroon
Central African Republic
Gabon
Georgia
Guyana
Kuwait
Lesotho
Libya
Macao
Maldives
Vietnam
Zimbabwe15
Countries With Absolute Bans
The Library of Congress identified nine countries with absolute bans on cryptocurrency in November 2021:16
Algeria
Bangladesh
China
Egypt
Iraq
Morocco
Nepal
Qatar
Tunisia"
Countries banning- They want full regulatory control.
Over 80% of Top-100 Public Companies Now Using Blockchain Technology
ccrryypptt wrote:
Countries banning- They want full regulatory control.
Over 80% of Top-100 Public Companies Now Using Blockchain Technology
https://spendmenot.com/blog/blockchain-adoption/
And you think the USA dosent? Again, LMFAO
You really should read this:
https://en.wikipedia.org/wiki/Gold_Reserve_Actccrryypptt wrote:
Garbage
Nothing you said moved the needle toward adoption. Press releases by companies with boomer CEOs who said: "hrrrummph what's all this Blockchain hubbub about? We better start a team to look into this so we don't get behind!" is NOT the same as the company finding utility in Blockchain.
Then the marketing team picks it up, makes the company look "cool and cutting edge" and dumba$$es like you buy into it.
Microsoft's article was about them building a bridge to Blockchain so other people can maybe (but not likely ever) find a use for it. They aren't adopting anything. The same way it's been for the last 13 years or so.
brien evans wrote:
Maybe...... wrote:
That's kinda loaded, tell me anything popular that doesn't have a press release.
Your other bits, you'd have to be more specific about a coin or chain, they are all different, and doesn't make sense, especially about storage. If you narrow it down properly, I'll have a stab at a reply though.
Sure. Regarding storage, here's an unbiased article I've pasted it earlier in the thread but here it is again:
https://blog.purestorage.com/perspectives/what-will-blockchain-mean-for-data-storage/"Blockchains aren’t efficient for storing large file sizes. It’s both costly and time-consuming to try to store large amounts of data on a public blockchain. Storage of data on-chain isn’t a very scalable or efficient route for anything other than core ledger data and related hashes. Costs can rack up per terabyte on the chain with each transaction, plus fees each time you want to read that data.¹ It also takes time that SLAs can’t afford, such as minutes per megabyte. This makes blockchains nearly dependent on some sort of off-chain storage."
Depending on off-chain storage essentially means that you may as well not have Blockchain. Your data is not secure. It's dependent on antiquated off-chain storage. Therefore it is also not immutable.
The problem with all crypto is they are selling a problem, making it appear a though there is a solution, but failing to deliver one. Take for example, SEA/VSEA NEXUS, formerly a BSC, now converted into an ASA token.
https://sea.earth/nexus/They sell the problem. They do not have a solution. If you scroll to the bottom of the page, you'll find this:
"Most importantly for existing SEA holders: you've supported our project up to this point, through dips and peaks, you've held the line because we promised you big things were coming. We want to reward all our SEA holders, so listen up: hold your SEA, you are the VIPs of the new ecosystem and your rewards are coming!"
Essentially, we scammed you guys for years but as long as you guys keep staking SEA out we'll reward you with another useless token in our new platform. #definitelynotaponzischeme
And if you actually look into their "technology"... Quote: "80% of the world's population owns a smartphone. 6.3 Billion approximate number of people. That's an enormous number of people walking around with a device that can connect to the internet, pinpoint their GPS location (including elevation), and supply environmental observations in thousands of data subclasses."
Doesn't that sound dreamy? Too bad it's all BS. Cell phones don't have environmental sensors built-in. How about we start there? They are straight lying to "investors" and managed to get an Algorand foundation grant for this garbage.
And finally for security, let's put aside all the thefts, lost wallets and rug pulls. You might have seen that Tinyman was exploited a few days ago to the tune of $3M USD due to an undiscovered "bug" in their smart contract. This contract was already audited and was deemed secure. So not only is the techology garbage, but you can't even have faith that auditors are doing their job or that aren't in on the exploits. Who is auditing the auditor? You have no idea if the auditors didn't discover the bug and then come back and exploit it later. You know what doesn't have that problem? Real contracts.
I feel like there's some confusion here about "storage" and you've just dug up that article randomly. That article is talking about both storage of information (as opposed to storage of the blockchain itself) and you are slightly conflating the two (last bullet point on that article). No one would store normal large information on the blockchain at all (which is different for example to something like a torrent where someone may be rewarded for storage information on their own devices, which is correct as the article suggests).
This seems reasonable though, why shouldn't someone be rewarded for storing and providing access to some file (eg a legitimate torrent of large files) ? There doesn't even need to be a transaction fee in fact, but it depends on each coin or token as to how that works.
R.e the rest, I'm not suggesting for one minute, that the Crypto world doesn't have a lot of fluff in there, and a lot of people are pretty dumb where they put their cash. I would agree 100% there. But that doesn't mean all is rubbish.
There's also a certain irony here, that the one utility of blockchain is probably the fact which will make everyone be forced to used it eventually. It can track every payment and history you have ever made. Are you trying to say there is no utility in that ?
yargle wrote:
"But but but.... it has no utility 😭"
here comes the fomo lol
Yes. It does nothing. It’s just junk that’s traded for stablecoin play money and to give insiders/whales a fiat exit based on a hope that maybe one of the 13,000 shtcoins someday replaces US dollar or CBDC which is fantasyland. Crypto moon bros think if a platform of offering gamblers to trade in it that that means adoption. All of the attraction crypto moon bros is all based on get rich quick and “number go up” so must be good to buy.
Warren Buffett has fomo?
cryptokitty wrote:
yargle wrote:
"But but but.... it has no utility 😭"
here comes the fomo lol
Yes. It does nothing. It’s just junk that’s traded for stablecoin play money and to give insiders/whales a fiat exit based on a hope that maybe one of the 13,000 shtcoins someday replaces US dollar or CBDC which is fantasyland. Crypto moon bros think if a platform of offering gamblers to trade in it that that means adoption. All of the attraction crypto moon bros is all based on get rich quick and “number go up” so must be good to buy.
Warren Buffett has fomo?
"Ok, so it has utility, but what about this 1 cherry-picked opinion! Gotcha! Discus." lol
Its demand is based on the hope that the technology and/or coding from one of the 13,000 shtcoins will be used in the future as a currency or as a store of value or blockchain for smart contracts or something.
Today (January 7, 2022) it is not being used for much of anything except trading hands on a casino gambling platform (unregulated shtcoin exchanges). This is fact. Academic researchers studied this with Bitcoin. Whether this utility changes in the future I do not know but that is the reality today on January 7, 2022. To suggest anything else is just false.
They just printed a lot of Tether probably to keep the price above 40 K for a short bit?
Also coin base went down for maintenance. So some bag holders are having trouble selling
Wait, what? There are cryptocurrencies pegged to the USD that pay ~6% interest?! This is impossible, guys don’t give them your money please.
cryptokitty wrote:
Does anyone understand why Tether and Bitfinex are sending $230M Tether USDT ($230M equivalent supposedly) back and forth?
https://twitter.com/silvermanjacob/status/1478783389427593218?s=21
There was about $750M of Tether USDT shtcoin printed a little while ago
https://twitter.com/whale_alert/status/1479526986380894217?s=21cryptokitty wrote:
cryptokitty wrote:
Does anyone understand why Tether and Bitfinex are sending $230M Tether USDT ($230M equivalent supposedly) back and forth?
https://twitter.com/silvermanjacob/status/1478783389427593218?s=21There was about $750M of Tether USDT shtcoin printed a little while ago
https://twitter.com/whale_alert/status/1479526986380894217?s=21
Or burned rather. Probably whales’ major fiat cash out
6%? Try 30%. It's unreal how much money I'm making.
yargl wrote:
6%? Try 30%. It's unreal how much money I'm making.
Is it held in shtcoin stablecoin or converted to fiat already for you?
Why do crypto bros act like the ONLY alternative to buying some random shtcoins is leaving your money in a bank savings account? low level of financial sophistication
Buttcoin wrote:
Why do crypto bros act like the ONLY alternative to buying some random shtcoins is leaving your money in a bank savings account? low level of financial sophistication
No one says this. Low-fee index funds are a fantastic investment.
Revolutionizing the banking and finance systems is different from betting on the future of the American/World economy with diversified equities... They are not incompatible. In fact there are and will be more crypto stocks listen on your friendly national exchanges!
BTW went another $70k long into another basket of cryptos yesterday. I put my $ where my mouth is.