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Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.
More China bullshit….
I get that's its convenient to do it through Twitter and it's nice for content creators on there to be able to make money but how is that different than sending someone money via PayPal, Venmo, Cashapp, etc? Twitch has had the same type thing for years. He acted like sending money instantly to someone in another country was a new thing.
My assumption is delay time. I have a roommate that pays rent via Cash App. It’s annoying because it takes a day or two to hit my funds, and then an added day or two before my transfer out hits my bank account
I've only sent money via Cashapp, so not that familiar. With PayPal, I can receive and use it pretty much anywhere online immediately. If I want to move from PP to my checking account, it shows up next day. I would assume moving to a bank would have a delay from Twitter too? You can buy and send crypto vs PayPal already too. I get why this is a huge deal for Twitter creators, just not sure why thay guy made it seem so revolutionary to send money to someone in another country. It seems like they could have done the same thing using PayPal but maybe I'm missing something so that's why I asked.
with venmo i can deposit to my bank instantly for like a 1% fee. might be a bit much for rent though.
Oh yea, forgot about that. PayPal has it too but I think there's a $10 cap on the fee.
You can’t use venmo to send someone from another country money. Think you can with PayPal but there is an international transfer fee. Not sure about cash app. So sending it instantaneous and free via Twitter is new
So for Americans it’s no big deal but could be pretty useful for people in the US sending money back home or the rest of the world
I buy stuff from people in other countries often. But you're right, they have a $5 max currency conversion fee on international. Forgot about that. They should emphasize that, not the "omg watch me send money to someone in another country." that's been around for a long time.
Fully expect another dip today with the House set to pass the infrastructure bill and its crypto clauses
Even though we all knew it would get passed after making it through the Senate, but it’s still September and I guess this is the kind of bullshit that happens this month
fwiw infra bill won't be voted on until thursday at the earliest
Oops got bad info
Any chance Pelosi delays it again or will it have to be pushed through before Oct.1 now?
Figuring it might be the final straw to see BTC dip another 10% before we finally get to Q4
Debating putting all my BTC into ETH (like 1/4 of a BTC)
very much could be delayed again, lot of moving parts right now
I’ve honestly been going the other way for a couple weeks now, just too many other layer 1 players getting the hype and fomo that ETH was in the summer
Don’t see myself putting more into it until the FUD slows down or we get new info on 2.0
Edit: kinda reads like I’m going strictly ETH -> BTC, but I really meant to say that I’m pulling from ETH position (previously my biggest holding) to put some in a few other ecosystems like solana, polkadot, cosmos, elrond
Visa building on Ethereum is no big deal
high probability its not happening today
Yeah COMP needs a PR team stat, horrible messaging.
Threatening users not a great idea
I’d personally be more concerned with the large incorrect protocol error, but ya threatening to dox users isn’t great either.
Just an accepted risk of DeFi at the moment, definitely farther out the risk curve than a BTC / ETH for sure.
Nice jump today. I haven't been checking crypto as much lately and I picked a great morning to do so.
Seems like everybody is happy to just be out of September
Why did this jump occur though?
People bought a lot
We went up almost 200B today. And I haven't heard anyone at work talk about crypto, so I don't think it's people as much as institutions.
I now know to sell a few weeks after my idiot workers start saying BTC is shit and ask me if I own any DOGE coin. So I track their feelings more than anything.
And a lot of shorts got liquidated as a result of such
Because it’s Uptober obviously
Launching my blockchain project this week. Wish me luck.
Nearly 50% of the population
And they even confirmed that they were only counting actual active users, not just people who downloaded the app and left it
Pretty cool stuff
He came off very likeable.
I'm glad she asked him why he was in a big empty closet. I was wondering that the whole time.
Why aren't the companies that make the miners/ASIC's just keeping them all for themselves? Seems like they could make a lot more money.
Mining companies are keeping their mined BTC more than ever. One of the primary reasons that exchange supply levels are some of the lowest we’ve ever seen
Solely making the machines doesn’t mean they have access to cheap energy all around the world or the operations/cash required to run them.
? I wasn't talking about the mining companies.
It's pretty obvious where cheap energy is and an investment would surely pay off (why are they backordered, must not make any money?)