Bitcoin

Clinamenic

θερμοδυναμικός καπιταλιστής
And the actual dollars/pounds you are exchanging for bitcoin would, assuming you are buying on a centralized exchange like Coinbase, be going into the trade pair pools for Coinbase. In this case, Coinbase would take around a 2 percent service fee, maybe less for elite clientele but I wouldn't know.

That said, some crypto assets are actual scams, no ifs, ands or buts. Thankfully the likes of Coinbase has an auditing process that would make it difficult for such assets to reach the masses.As it is, you'd need to go into the DeFi woods to encounter such scams, which most people aren't technically savvy enough to do.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Fortunately this isn't true, otherwise there would be little to no counterarguments against the scam allegations.

Your buying bitcoin only benefits previous buyers if you are buying at the top, i.e. if you are providing demand that drives the appreciation of previous buyers' portfolios. Not unlike traditional stock markets, in that sense.
Or more generally, your buying bitcoin at X price provides demand that helps keep the portfolios of anyone who bought at under X in the green.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
One big difference, ostensibly, between certain crypto assets like BTC and traditional stocks, is the potential for (and precedent of) massive gains. People who invested in Bitcoin a decade ago would be up by multiple orders of magnitude today, and I gather this level of gains dwarves even the gains of early Facebook/Apple/Amazon/Microsoft/Google (FAAMG) investors. Aside from maybe some extraordinarily lucky seed investors in those cases, but even their gains may be dwarfed by the likes of Bitcoin.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
I could be wrong, but I don't think any other asset in history, aside from Bitcoin, has seen such growth.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Personally I've been in the red for Bitcoin 95% of the time, bought at around $56k, but I still deeply believe in it.
 

yyaldrin

in je ogen waait de wind
No, is it a new web3 project?
yeh something like that:

What is Pocket Network?

It’s a multi-chain relay middleware protocol that incentivizes nodes to provide DApps and their users with decentralized, geographically-fault-tolerant, censorship-resistant #web3 access.

How does it work?

It's a two-sided marketplace that incentivizes individuals to run nodes to relay API requests to dozens of blockchains. They get rewarded with $POKT when their node relays a request. The DApp sending the request spends $POKT for the relay. Flywheel at work!

Does the current macro environment affect Pocket?

Barely, because Pocket is middleware. It’s like a credit card processor or like selling shovels during the gold rush. It’s always going to be needed.

i'm testing it out at the moment
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Interesting, kinda like Chainlink but they're not really doing the same thing. Where Chainlink provides off-chain data to blockchains, Pocket provides on-chain data to apps on other chains, it seems. Yeah I can't think of any project that would be competing with Pocket here, aside from maybe The Graph.
 

Leo

Well-known member
sort of interesting.

Screen Shot 2022-04-15 at 8.12.25 AM.jpg

Bitcoin was long touted as a hedge against the wider market because it danced to its own beat. No longer, Brady Dale writes in Axios Crypto. As you can see above, it goes up and down with stocks, but bigger, faster and more — especially if the news is bad. This reflects the tendency of very-online asset prices to move faster, since so many people in those markets follow each other.
 
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