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This is coronavirus related, but belongs here.

Pelosi is trying to put digital dollars and digital wallets into the stimulus package.

https://youtu.be/HJwFG3MsgEU?t=76

Leisher wrote: Bitcoin is almost worthless?

Well, ~ 2 years later it's worth $12,000... so you tell me.

Bitcoin mixer designed to bypass money laundering laws fined for bypassing money laundering laws.

TheCatt wrote: Well, ~ 2 years later it's worth $12,000... so you tell me.

Outside of investors (and criminals), who is it worth that much to?

Amazing Spider-Man #1 graded at 9.8 is worth $900K, but without someone willing to pay that, it isn't worth it.

Leisher wrote: Outside of investors (and criminals), who is it worth that much to?

Maybe that's enough?

TheCatt wrote:

Leisher wrote: Outside of investors (and criminals), who is it worth that much to?

Maybe that's enough?

It's plenty as long as you can sell your Bitcoins, then who cares?

It's a pyramid scheme. As long as people keep dumping money into it, it has value. But when they stop, they crash and die. How many currencies have come and gone at this point?

All my cash is in Pipercoin.

GORDON wrote: All my cash is in Pipercoin.

I have some bad news...

69k? Nice.

Nice.

I should have just put all my $$$ into bitcoin. My $600 portfolio from earlier in the year is over $3k now.

TheCatt wrote: I should have just put all my $$$ into bitcoin. My $600 portfolio from earlier in the year is over $3k now.

It just keeps going.

Sitting at $27k right now. ETH at $730. Years ago I bought a handful of ETH for $7/each. Should have put in more than $50. Also, should have kept them all.

TheCatt wrote:

TheCatt wrote: I should have just put all my $$$ into bitcoin. My $600 portfolio from earlier in the year is over $3k now.

It just keeps going.

Sitting at $27k right now. ETH at $730. Years ago I bought a handful of ETH for $7/each. Should have put in more than $50. Also, should have kept them all.

Bitcoin hit $33k, not at $31.5k.

ETH went over $1k, currently at $1k.

Bitcoin to $146K?

When Rick turns that 1 into a 0, we're all fucked.

Illicit activity is a strangely small %age of crypto usage.

Illicit activity made up just 0.34% of all cryptocurrency transaction volume last year, according to blockchain data firm Chainalysis. That was down from roughly 2% a year earlier.

Supposedly.

TheCatt wrote: ↑Sun Jan 24, 2021 8:46 pmSupposedly.

Indeed. The fact that they need to address this makes the number they came up with pretty suspect. It's the perfect currency for illegal activity, why wouldn't they use it non-stop?

So if crime isn't what people use Bitcoin for, what moves it? Is the majority of Bitcoin spending just the investing/speculation market for Bitcoin? Most corporations and governments still won't touch it or treat it like a gimmick since there's nothing behind it, like gold, and it isn't regulated.

Leisher wrote: ↑Mon Jan 25, 2021 10:09 am Is the majority of Bitcoin spending just the investing/speculation market for Bitcoin?

Probably.

TheCatt wrote: ↑Mon Jan 25, 2021 10:23 am

Leisher wrote: ↑Mon Jan 25, 2021 10:09 am Is the majority of Bitcoin spending just the investing/speculation market for Bitcoin?

Probably.

Definitely. Also, how would they know? Is their a survey with each transaction? "Is this transaction illicit?"

TheCatt wrote: ↑Mon Jan 25, 2021 10:23 am

Leisher wrote: ↑Mon Jan 25, 2021 10:09 am Is the majority of Bitcoin spending just the investing/speculation market for Bitcoin?

Probably.

That makes me think that it's a bubble that will inevitably burst.

Cakedaddy wrote: ↑Mon Jan 25, 2021 5:59 pm Definitely. Also, how would they know? Is their a survey with each transaction? "Is this transaction illicit?"

This is a great question.