Addressing the huge issue with on-ramps for people to get involved with crypto is one of if not the biggest issue facing crypto and mass adoption. It will be interesting to see how this area develops because this is becoming a more and more bipartisan issue and is one of the few areas where some sort of legislation could actually pass.
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100 sats \ 2 replies \ @DarthCoin 6 Oct 2024
bullshit crypto from a statist shitcoiner
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0 sats \ 0 replies \ @Cje95 OP 7 Oct 2024
Love ya to big guy! Been a few days 💜
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0 sats \ 0 replies \ @028559d218 7 Oct 2024
There are 'crypto' tokens and there is Bitcoin they are not the same.
'Crypto' is largely the reason for all the regulatory cynicism, negative public opinion, and misinformation.
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0 sats \ 38 replies \ @Satosora 6 Oct 2024
Why is everyone choosing to use Coinbase?
If companies would just store their own bitcoin...
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10 sats \ 37 replies \ @Cje95 OP 6 Oct 2024
Because of the paperwork and that for these companies it isn't as easy as it is with individuals. Coinbase has all the compliance and paperwork stuff down to a T so it is much easier to outsource it to them.
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20 sats \ 36 replies \ @Satosora 6 Oct 2024
Just wait until a big hack happens.
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30 sats \ 35 replies \ @Cje95 OP 6 Oct 2024
Imma give Coinbase some credit in that they seem to have an absurd security practice that I am not saying is impenetrable but crypto doesn't seem to just freely move between it without a ton of levels of protection.
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30 sats \ 33 replies \ @grayruby 6 Oct 2024
They can't even keep the site up when Bitcoin gets any sort of volume. They are an embarrassment and that's because they spend all their time on shitcoins and how to bribe regulators instead of supporting bitcoin and the bitcoin ecosystem.
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20 sats \ 22 replies \ @Satosora 6 Oct 2024
This is another bothersome ordeal.
I always felt they didnt want to sell at a loss, so they only processed the orders they wanted.
But I could be 100% wrong.
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20 sats \ 21 replies \ @Cje95 OP 6 Oct 2024
They get paid huge sums by the Government and other companies like BlackRock to custody BTC that I am not sure they really care about the profit or loss in BTC because these other services more than make up for it.
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20 sats \ 3 replies \ @grayruby 6 Oct 2024
This is a misunderstanding. They make very little of their overall revenue on custody services. Most of their revenue now comes from shitcoins.
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20 sats \ 16 replies \ @Satosora 6 Oct 2024
Does the government have any bitcoin?
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0 sats \ 9 replies \ @Cje95 OP 6 Oct 2024
I have to take the other side though and say it shows responsibility by not allowing everything to just fly around. They continue to follow the rules that they were given and that means they have to keep track of what is going where. Thats no simple process esp because they want it done in an old school way as issue we have heard raised on the hill.
Given the tens of thousands of coins Coinbase the app is relatively restrictive. I guess you could go after their Wallet App that allows more but I think Base has helped bring people into the blockchain space.
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0 sats \ 8 replies \ @028559d218 7 Oct 2024
Tell me friend. What is the difference between a 'blockchain' technology and Bitcoin?
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0 sats \ 7 replies \ @Cje95 OP 7 Oct 2024
Honestly with BTC’s singular use not much. Sure you can use it to pay people, purchase things, etc. but it’s distributed ledger aka it’s blockchain are not very different. Not sure what you are expecting me to say lol
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30 sats \ 0 replies \ @Satosora 6 Oct 2024
It just hasnt happened yet.
Just a matter of time.
And I wonder if they actually have all the bitcoin they are selling.
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0 sats \ 18 replies \ @grayruby 6 Oct 2024
TradFi highly disappointed they haven't been able to participate in the fleecing of retail investors by the crypto industry. I am sure they can't wait to participate in the "innovation".
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40 sats \ 17 replies \ @Cje95 OP 6 Oct 2024
There are some ideas in the industry that seem to be moving forward others that are just memecoins/pump and dumps. I think it just depends on the project and the people behind it. Some projects don't address anything but others do and so they have a unique and interesting case
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0 sats \ 16 replies \ @grayruby 6 Oct 2024
I don't necessarily disagree but I think the incentives in crypto are so rotten that any good idea is inevitably wasted or used solely to enrich founders/insiders. What ideas do you think viably become mainstream and what project is successfully and ethically pursuing those ideas?
Keeping in mind I completely separate Bitcoin and crypto in my thinking. There is a lot going on in Bitcoin that is net positive for humanity.
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40 sats \ 15 replies \ @Cje95 OP 6 Oct 2024
Easily The Graph stands out as something with a place that isn't expensive and allows the masses to participate. Since it moved to ARB One as well it significantly lowered their barrier to entry with transaction prices falling.
DePIN seems to be a rather interesting space I have been looking more and more into because some of them are actually much more successful than any company right now. Others like Brave's BAT is honestly free crypto you can convert into BTC or whatever you want and it adds up over time.
Eth L2 are also lowering the barrier so much that we might see additional use cases emerge that would be cost effective.
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0 sats \ 14 replies \ @grayruby 6 Oct 2024
What does The Graph even do. Never heard of it so I I can't assess whether is it successful or ethical. Eth L2s are all centralized. So if we are just building centralized databases why do we need a blockchain?
BAT was a neat idea but better accomplished with sats over lightning so completely unnecessary.
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0 sats \ 13 replies \ @Cje95 OP 6 Oct 2024
The Graph is an indexing protocol for organizing and accessing data from blockchains and storage networks. They did do some $$ raising which I don't think anyone should be surprised with. Coinbase actually has given away a ton of theirs through their Earn Program over the last few years. I would definitely check them out as they have an area that is not clearly addressed and have perfectly executed addressing it. When it got to expensive for smaller holders like myself that is when they moved to Arbitrum One from Eth lowering the transaction costs.
BAT when it was developed and even since then I think need an already closed distribution token cap. That is what makes it work as the Brave Team does the public buyback of tokens it then redistributes. I am not sure how you would change that idea for sats even though I like the idea just because BAT needs that closed loop that I don't feel sats allows.
L2's do have an issue with centralization for sure. I side with the 3 stage idea and I think only a couple of them will ever make it to stage 3. For instance Base will ALWAYS be a stage 0 in my mind because of US laws that wont allow Coinbase to fully release it. Given laws could change to allow it but I am not sure I see that happening. OP I think has the best change to end up decentralized followed by Arbitrum others like Polygon I think are long shots to pulling it off if they ever try to.
More or less I think we will be dealing with a spectrum of L2's and decentralization that seems to be the same thing with AI and why I see a ton of similarities in the two spaces.
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0 sats \ 12 replies \ @grayruby 6 Oct 2024
If 99.9% of blockchains are completely useless then it seems the Graph isn't really necessary either.
I think some tradeoffs of centralization on L2s is reasonable. Lightning is not fully decentralized but I think it is highly unethical that they all market themselves as decentralized when they aren't even close. Again, the incentives of crypto are so broken that it almost precludes anyone from making an honest product. You also have to factor that ethereum as a protocol is not really decentralized either so you are building centralized on top of centralized and it makes me wonder why any of it is necessary.
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0 sats \ 11 replies \ @Cje95 OP 6 Oct 2024
Indexing is critical to the blockchains and blockchains are here to stay. Companies use them, governments are using them so blockchains are here to stay. No one else is in the indexing space. Hence The Graph's importance. Goes beyond DeFi as well with applications across the board including in the AI space.
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