submitted by /u/FluidAttitude [link] [comments] |
source https://www.reddit.com/r/btc/comments/dad1mk/bitcoin_is_metaphysical_off_chain_with_jimmy_song/
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Coinbase, Bitstamp, Grayscale, Circle and other major Bitcoin institutions' exposure to the banking system will make them incredibly vulnerable if there is a liquidity crisis (the current Repo Madness is a bad sign)... At the very least, it's something for Bitcoiners to think about.... right now only the US Dollar is legal tender... Bitcoin can and will be cut off from the rest of the banking system/economy if the Banks close their doors on major Bitcoin custodians.
If Bitcoin was legal tender, this wouldn't be a problem. Although, I guess the economy moves faster than legislation, so if the dollar does actually collapse, then Bitcoiners can quickly pivot to reprice goods and services in Bitcoin... at which point, we're sort of in a black market, because there is no way Bitcoiners will keep track of capital gains on their BTC transactions...
Is there a way to see the total balance associated with a bch address?
When I search a particular address that I sent BCH to, it only shows the balance of that particular transfer, not the total balance I have in my wallet.
Is there a way to see the balance of all transfers into that particular address?
This is a cal to arms, so to speak, regarding the current price levels and an opportunity for EVERYBODY to stand up to what they believe from the very inception of this digital asset. The price of Bitcoin may be falling, and everybody may be crying foul or manipulation, but the truth of the matter is you have to take a look at the motives for each interested group:
Governments want Bitcoin to fail because they do not wish to have the value of the gold they hold to be devalued in light of a new asset class like Bitcoin. They also do not want their fiat currency to suffer from inflation or lose value because of Bitcoin. So they will try everything in their best interests to suppress the price and manipulate it.
Many people have been preaching that institutional money is coming in. If institutional money is coming in, realize that they’re not just looking for their self interests in acquiring as much BTC as possible by suppressing the price and buying at low prices. Be weary - many of these large corporations are linked heavily to governments and it wouldn’t be surprising that they have a larger stake or interest from the government than their gain from the Bitcoin protocol. This holds particularly true for companies like Alibaba (with WeChat pay for the entire country of China), and other totalitarian governments more so than utilitarian or free market governments. Don’t let these corporations cajole you into selling your BTC or lose your faith in Bitcoin.
With the governments on the brink of economic disaster due to the negative interest rates rising around the entire world, an asset class needs to be provided for the people who choose to opt out of this economic mess. That has no borders, no limits, and has no restrictions. It’s time to buy some more Bitcoin.
For instance, Coinmarketcap is static, meaning you have to refresh the page to view the recently changed price. The numbers don't keep changing.
Which website is the most used website for people to view the changing price of coin in real time?
If I buy a car with USD I am only charged sales tax not charged “capital gains” on perceived currency value.l from when I got the USD.
I'll be destroyed for this - but since I'm banned from r/bitcoin I'm going to post this here and accept my ass licking....
https://medium.com/@robertmuncaster/the-journey-from-bch-to-btc-3f46eb175f48
I'm an Ethereum developer (Solidity), and the BCH chain looked appealing for creating a DApp. Would it be feasible/possible to create Cryptokitties-like games on BCH, and what would be the advantages of doing so?