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Originally Posted by sdsearch
(Post 29512797)
How many more silly articles are we going have that assume that anything using a blockchain is a cryptocurrency?
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A couple notes:
1) A bank account breach for a personal/consumer account is protected - your actual out of pocket loss should have been zero/minimal. Protections for cryptocurrency = zero. 2) A bitcoin transaction actually costs more like $3000 - that's how much bitcoin is being "fiat created" to compensate the miners. The $20-$70 is closer to what the electricity cost per transaction is. Interestingly, the crypto supply has increased roughly 15% in the past year due to mining - which is a far greater increase, on an annualized basis, than almost any fiat currency. |
Originally Posted by c1ue
(Post 30535409)
A couple notes:
1) A bank account breach for a personal/consumer account is protected - your actual out of pocket loss should have been zero/minimal. Protections for cryptocurrency = zero. 2) A bitcoin transaction actually costs more like $3000 - that's how much bitcoin is being "fiat created" to compensate the miners. The $20-$70 is closer to what the electricity cost per transaction is. Interestingly, the crypto supply has increased roughly 15% in the past year due to mining - which is a far greater increase, on an annualized basis, than almost any fiat currency. 2) Most cryptos will be out of biz in the future. You're better off looking at the pioneers which will still be around in 5 years. How much did BTC's supply increase in 2018? |
I would trust more any mileage program that is related to blockchain.
For example United Miles but then actually not miles but actually to be coins. |
Originally Posted by serbia
(Post 30678999)
I would trust more any mileage program that is related to blockchain.
For example United Miles but then actually not miles but actually to be coins. |
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