If a transaction takes approx 10 min and 20 people were in a queue, does this mean that the 20th person would be waiting 200 minutes before he clears the check out ?
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Saturday, 25 June 2022
If a highstreet store accepted bitcoin, would I need to wait 10 min for my payment to clear?
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Best Cold Wallet?
Wanna buy one let me know which are the best?
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source https://www.reddit.com/r/btc/comments/vjw954/best_cold_wallet/
Coinbase Launches First Crypto Derivatives Product Tailored Towards Retail Traders.
In the midst of a collapse in the market for digital assets, cryptocurrency exchange Coinbase is launching a derivatives product next week. On June 27, Nano bitcoin futures, the exchange's first listed product, will go live. Investors will be able to purchase contracts linked to the potential value of a tenth of a bitcoin. It will be reachable through clearing companies and independent retail brokers.
Futures contracts can be used as a hedge for trading techniques by institutional and retail traders alike because they are smaller in size and need less upfront cash than regular bitcoin ...
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Adam Back on Bitcoin’s Energy Usage
It’s a little long, but I thought that Adam Back’s take on Bitcoin’s energy usage from episode 175 of the “What is Money?” podcast was too good not to share.
“Bitcoin finds itself in a place where yes, it consumes energy, but it’s far more efficient than all alternatives because people are not good at realizing forgone alternatives in economics.
If someone gets interested in bitcoin and then they start buying bitcoin, well where did they get the money from? Well, they got it from working or earning it somehow, and there was an alternative, what they would have done with it before. And bitcoin tends to encourage people to save because it’s gone up in value historically, or to take a longer term outlook, giving you hope for the future let’s say. And so, they engage in longer term behaviors, and so actually they probably end up using less natural resources because they stop buying consumer gadgets that end up in landfills, they get more hesitant to spend money, or when they do spend money they want to spend it on things that are going to last a long time.
So you know, there are foregone alternatives to everything. A lot of the media reactions are not even good at capturing first order effects, but I think it is actually highly efficient and then it also comes to the point we discussed where with a fiat currency, which is a variant of proof of stake basically, the same energy is expended, it’s just expended in unproductive, and messy, and corruption prone ways. But, the game theory is there so the money is going to be spent on lobbying or corruption or violence, criminality, you name it, it’s all happening day to day. And everybody who’s got much real policy understanding of how the world works, realizes that this is the current state of the art which is pretty ugly and chaotic. So I think if bitcoin provides a tidy solution to that, the electrical cost is actually much cheaper than the alternative.”
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Coinbase to require (due to regulation) private information when sending money to off-platform wallets, making it impossible to keep the recipient anonymous (In the Netherlands)
Funds have been held for over 10 months with no reason. I've submitted all necessary documentation requested and yet they ignore me. This has been truly traumatic for me. Please stay away from the company called Blockchain if you value your peace of mind.
Friday, 24 June 2022
Binance’s CZ Says Crypto Price Fluctuations Normal as Industry Is Still Growing
Changpeng Zhao, the CEO of the popular crypto exchange Binance, has said it might take Bitcoin some months to a couple of years to get back to the all-time-highs previously reached by the coin. ChangPeng told Guardian ePaper, a UK-based news outlet, that he believes if investors in 2018 were told that Bitcoin would be $20k in 2022, they would have been very happy. However, he admitted that the current $20k price of Bitcoin is low considering its previous highs.
CZ said, “I think given this price drop from the all-time high of 68k to 20k ...
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