/biz/ - Business & Finance

>>55734313
>>55734310
You guys sure are sensitive.

...must not have a lot of faith in BTC, I guess? (;

And as that shrinks each halvening, fee paying transactions must take it's place, but BTC is incapable of that.

Given that BTC can do about 300,000 transactions per day, and currently 6.25 BTC times $28,000 is $175,000 then each transaction will eventually have to come up for ~$0.58 on average. VISA, Mastercard etc transactions cost 10c + 3%, so for many every day transactions they easily beat that.

Bitcoin is an electronic Cash system, as the Whitepaper suggests.

How can it be used as cash if you can't pay for your coffee?

>but muh Lightning
Lightning must still be paid to be used, like a top-up payment card. This requires an on-chain tx, so it will become quite expensive. In practise you might pay 10$ fee to pur $50 on your top-up Lightning card once the Block reward becomes small enough.

>New:
Voyager: RIP (exposed to 3AC)

>Dead:
Luna & UST
BlockFi: Died and revived, bought up cheaply by FTX
4AC (Three Arrows Capital): bankrupt & ordered to liquidate court
Solend: "Voted" to take control of whale wallet topkek (1 voter had enough voting powre to decide the outcome afaik) - DeFi meme dead here

>In BIG trouble:
Celsius
Finblox: small withdrawal limit
Babel finance: "hodl mode"

>In some trouble:
Coinbase (staff layoff. bankrun delayed/averted via whitelist "safety" feature)
Saylor's BTC (last "dip buy" 0.25% of capital kek)
Tesla's BTC
El Salvadors BTC (last "dip buy" 1.44% of capital)


>Unknown:
Bitmex: exposed to 3AC
Bancor: ?
Nexo: meme or real?

>Alive/recovered:
USDD (depegged but seems back on track)
Binance: signed Ronaldo and the black tiktok dude

any smart anons able to fill some gaps? Preferrably with some info about the event/state

>>50019361
BTC: $0
ETH: $0
KDA: $0
MONERO: $0
XRP: $0

Long time horizon.