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Well I'm here for the smarmy, will be a very nice counterpoint to all the hatefulness slung around all the time.
Anyway, I sold a bit of btc, above 90k. Decided to dca a portion to cash over the coming weeks til eoy. Will reevaluate in 2025.
And I made one last (probably) purchase of chainlink. Seems to be perking up a bit although there's not yet a sign of a bottom against btc.
Here comes jongs chance to buy at 100. Everyone gets BTC at the price they deserve.
I just did something that truly impressed me. Way more than a random pizza purchase from a friend.
1) Swapped SOL for PYUSD on Solana network;
2) Transferred PYUSD to my PayPal account;
3) Shopped for some goods/services, put it in my cart and chose to pay with PayPal;
4) Chose PYUSD as my payment method in PayPal;
5) Express checked out with merchant; and
6) Confirmation e-mail from merchant and PayPal.
Cost literally a few pennies for all of the above. An actual viable payment system that took about 10 minutes to settle all the above steps, and completely without using fiat.
Holy shit, mind blown.
Pretty incredible.
I tap my debit card and the same thing happens. Costs me no pennies.Quote:
Originally Posted by MakersTeleMark
Yeah but you are serving the man maaaannnnQuote:
Originally Posted by JimmyCarter
You are completely missing the point.Quote:
Originally Posted by JimmyCarter
It's still cool b/c stablecoins are the future of fintech. Stripe, for example, now enables B2B invoicing & payments via stables. And, for what it's worth, PYUSD is a fiat-backed stablecoin. Essentially liquid tokenized t-bills
^^^ this.
And it’s better because…?
I can't speak to better but it is a concrete example of a question about how to transact in crypto. And I think that you can pay person to person on PayPal? And maybe get paid in crypto?That said, I'm not sure I understand the distinction between fiat backed stablecoin and fiat. And I'm guessing that PayPal transaction are just as trackable and those through a bank.
And centralized, so when PayPal says you can’t use your money, you can’t use your money.Quote:
Originally Posted by Foggy_Goggles;[emoji[emoji6[emoji640
^ that's why I got my gold and silver bricks and my AR-15 bro.
Quote:
Originally Posted by JimmyCarter
Think of it as regulated peer-to-peer rather than unregulated decentralized anarcho-capitalism. Regulatory capture in the United States makes it harder to implement, but countries like Brazil, China, India, UK all have banking or stablecoin systems to clear payments & transfers much more quickly. The advantages are faster more efficient transactions, at a lower cost, with more convenience compared with traditional banking rails.Quote:
Originally Posted by JimmyCarter
Banks can still take days, and at high cost, to make international transactions. Stablecoins make it easy to transact entirely in dollars or easily swap between USD and other types of stablecoins. Stables are also useful for banking the unbanked and for fast international cross-border transactions. Stablecoins are used most in countries where it's difficult to access local stable fiat currencies like $,€,£, etc.
Although, they're gaining traction in developed countries too where they serve as liquidity in digital markets, without traditional delays. They're tokenized digital representations of assets. Tokenized treasuries, for example, can generate yield like a savings account while at the same time be used for commonplace transactions or in complex smart contracts.
Supposedly everything will be tokenized eventually. Real estate, stocks, etc, at least that's the chainlink narrative. RWA (real world assets)
People tap their card and pay the sticker price and some local tax and think it's a cheap and easy system. But VISA has a stranglehold on sellers and on the financial system. I'm not going to argue about why competition and tech advancement in the financial space is advantageous. I'll leave you with a classic Satoshi quote, If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
LOL. Monorail!Quote:
Originally Posted by shera
Traditional financial transactions are “slow” because of fraud detection apparatus’s and insurance & regulatory requirements plus some designed lag so the institution can make a profit off the float and keep fees low / non-existent.
Sent from my iPhone using TGR Forums
By charging ~2-to-3-percent per transaction Visa's operating margin is around ~70% and Mastercard's is around ~60%. That's among the highest operating margin percentage of all US companies. Whereas other countries now have 10-to-15 times lower cost instant payment systems averaging around 0.2-percent per transaction. More competition is good for businesses and consumers
That is impressive. Using Stablecoin for a purchase.
100 incoming.
BTC FTW
Haha. BUY NOW OR FOREVER BE PRICED OUTQuote:
Originally Posted by byates1
Maybe our next cycle bottom will be in the vicinity of 70k?
Gotta be a huge pullback at some point. Who knows.
I made my 2nd weekly sale, at 97k, plan to continue selling until the end of the year. Haven't got my plan sorted for 2025 yet, but probably selling chainlink.
What are some of the better Bitcoin plays? I was just looking at ibit and it looks good, what else should I be looking at?
At this point? Dca small amount over time. The real money has been made.
Hope it absolutely craters to 40/50k and make a huge buy.