/biz/ - Business & Finance

DeFi will solve this.

>>27740126
you are absolutely correct, crypto is ostensibly a scam, yet it is still profitable.

>>27740126
I shouldnt even answer but most tof the listed point are wrong and you're probably 18.

>>27740738
>t. midwit

>>27740126
>>massive energy waste for mining when normies are freaking about climate change
i think i can agree with most of your points, but this one seems dubious. mining is significantly more profitable when using your own renewable energy. furthermore, mining should be able to help renewable energy's scalability in the near future. here's a post from some
anon yesterday.

>Bitcoin mining is only profitable with near zero cost electricity aka excess capacity that would've been wasted because it costs too much to transport - eg. hydro dams in the middle of nowhere with not enough people around to consume all the power.

Excess capacity is a problem only renewable energy has, hence why Bitcoin mining is almost purely done with renewable energy. (coal power plants never have excess capacity, because you can just stop burning coal if you're producing too much electricity, whereas wind/solar/hydro produce electricity regardless of demand)

In fact Bitcoin mining acts as a subsidy for renewables, thereby solving renewable energy's biggest problem - excess capacity in face of insufficient demand. There is now incentive to invest in new renewable sources in places where it used to be economically unsustainable - if people don't buy all your electricity, no problem, just mine bitcoin with the rest.

In short, Bitcoin not only does not contribute to carbon emissions, it supports green energy.

>>27740126
nobody gives a shit about these concerns, we're here just to make money

>>27740267
Gas fees and DeFi go hand in hand you fucking idiot. Uniswap is a DeFi exchange you colossally stupid fucking retard.

WITH BTC ETH FEES AT AN ATH ITS TIME TO TAKE THE RED PILL ON THIS

Someone says Vechain, your first thought is supply chain.
WRONG. Vechain is the ultimate defi coin, you get paid just for holding the token. You get paid more for staking. I'll tell you how.

Vechain is a fork of eth, it can do everything ETH can do with consistent fees at 0.01$ even at 10 000tps.

>Now here is the redpill.

When you pay ETH fees All of that goes to the miners. ALL OF IT. YOU. DO. NOT. SEE. A. PENNY. Miners are the crypto jews. They are parasites and leech our ETH and when they've gathered all of that eth, they it dump on us.
You can cope say muh security muh decentralisation but the truth is ETH is controlled by less then 15 mining pools. It is already centralized and we are being jewed.

Now all of the fees paid when using VET, they are all equally distributed towards all of the token holders equally. Stakers get more obviously, but there is no middle man. No filthy jewish miners taking our hard earned crypto. We token holders get our fees back. Do you understand the enormity of this?
We get fees back and we distribute it back into the Vet ecosystem pumping up the marketcap,, Vet gets used more,, more fees earned, pump back into the eco-... you get the idea right. Its an organic constant pump cycle.
You can create tokens on Vet. It has its on Uniswap called Vexchange. Its own metamask called Comet. Its own blockchain games called, Berserk, Vulcanverse. An official mobile wallet. It has special features that help normie adoption that I'll tell you about if you ask me.
And best of all the circular economy means everyone is rewarded in fees just for holding the coin. The rich don't get richer, the holders do. No parasite miners draining our wallets, ETH would have overthrown BTCs marketcap if it wasn't for the scaling. That's the truth. Vet is heading to the top 5.

>>27740126
So you’re saying it’s still early?

Have tried 3 times to buy Sake on uniswap. Paid at least 65 dollars in fees and still can't get my fucking sake tokens. It fucking sucks

>>27740126
>he doesnt know about DeFi and FTM
kek sucks to be you normie

>>27741394
You could try raising your slippage tolerance, that's usually why transactions fail.

>>27740796
oh the irony

>>27740126
>INTP
Sorry, but you have to be an xNTJ to truly understand and profit from crypto. INTPs are seething autists and incels that can't trade worth shit.

>>27740126
And gold and silver are just shiny rocks. Who gives a shit as long as you can make pieces of paper and use said pieces of paper to live a good life?

>>27741432
I had 110k stacks and sold them because it's a scam

>>27741500
>oh the irony
Sub-110 IQ confirmed. You will never amount to anything.

>>27741502
ENTP masterrace here.
Suck my dick faggot xxxJ's you are a bunch of self important niggers who will never amount to shit.
Weak midwit manchildren who think being snarky faggots means they are intellectuals.

>>27740126
>unregulated
Each time the government has stepped in thus far it has made it worse for Americans. They should get rid of the latest tax scam that was passed and let us pay when we cash out like it was. Between gas fees and taxing every transaction, it hinders trading and use of the tech.

>>27741725
I used to be an ENTP when I took the test in college. 10 years later I am an INTJ. I am your future, kiddo.

>>27741692
>110k
>sold because its a scam
Oof, make sure you rope from a higher point than a ceiling fan, its much faster that way.

>>27740126
>stupidly expensive gas fees
>massive energy waste for mining when normies are freaking about climate change
ETH2 will fix this in 2022
>unintuitive mess that only appeals to INTP programmer autists
This will be gradually fixed as more user friendly UI is developed on increasingly popular platforms. Something like Binance is already super user friendly
>huge flood of shitcoins
>99% of market is purely speculative
>unregulated mess of shilling and PnD scams
>unregulated privacy coins that serve little purpose beyond illegal activity
Feature not a bug

>>27741500
kill yourself redditnigger

nano unironically solves most of your issues.

get your bag now

>>27740126
>INTP
MBTI is normalfaggot pseudoscience, stop using it.

>>27741502
Scorpios are the best crypto traders

>>27741926
You're such an ISTJ, anon. It's just a meme.

>>27741502
>>27741725
Oh no no no
All non INTJs GTFO my board

>>27741194
Rubic will solve this.

>>27740126
>decades away from being the norm
Decades of riding the waves to build up obscene amounts of fiat. Oh no.

>>27741827
I was going to buy back in if it dipped but it didn't so oh well. I am not buying back in at the peak, would rather just get GRT

>>27741725
>ENTP
>Weak midwit manchildren who think being snarky faggots means they are intellectuals.
Have you tried looking in a mirror lately? NTP scums lack of self awareness and inability to remember or learn from their mistakes is their biggest downfall with trading. They swing at the worst times because they have no idea how to read people or markets. Si users are truly the biggest cucks, stuck entirely in their own grandiose delusions of themselves.

XRP literally solves all of those

>Stupidly expensive gas fees
XRP has extremely miniscule fees
>Unintuitive mess
Trade anything for XRP for anything, pretty damn simple
>Massive energy waste
Deutsche Bank just released a report showing XRP as number one in energy efficiency, needing barely any energy for transfers compared to every other option
>Huge flood of shitcoins
XRP is at the top already though at #4, soon to be #3 after Tether is BTFO
>99% of market purely speculative
XRP is highly speculative but with all the backing it has even a smoothbrain midwits normie can put 2+2 together to equal 4
>Unregulated
Soon enough XRP will be regulated after court and be ready to be implemented by banks and retailers, won't be used for crime likely often due to complete transparency on the blockchain

Ethereum fucking sucks dick and XRP will be the new foundation from which we build

>>27740126
>>27740126
You should be thankful, because that means we're still relatively early. The closer we are to widespread adoption, the less volatile it becomes and the lower the potential for massive gains. The whole idea is to get in on the ground floor of an emerging technology.

>>27740126
>10 years
The first 2-3 years most people thought crypto was an elaborate scam. So not many were working to better it then. Even the next 5 years or so it wasn’t taken very seriously, but people were starting to take notice of BTC going up. It wasn’t till BTC hit $30k that crypto was really on people’s minds.

If I had to guess, we are about a decade away from some breakthroughs. Between the GME shit redpilling lots of normies and ever dwindling faith in USD, a lot more effort is going to go into polishing up crypto.
>asking for regulations
You do realize this is the last thing anyone wants for crypto, right?

Why hasn't a crypto/blockchain marketed itself as green or eco-friendly yet? There's a killing to be made

>>27740126
Crypto will burn everyone eventually. You really think that once governments around the world switch to digital currencies that: 1, they'll just be cool with other cryptocurrencies being around without being massively regulated; and 2, that normies will give a shit about crypto anymore? Man, make your day trading gains but just be ready to get out before it implodes.

>MBTIautism derails thread
every time

>>27740126
you could say the same thing about any market except your erroneous claim about mining
>stupidly expensive broker/contract fees
>unintuitive mess that only appeals to PhDs working as quants
>huge flood of shit stocks
>99% of market is purely speculative
>unregulated mess of shilling and PnD scams
>unregulated short selling that serves little purpose beyond illegal activity

>>27740126
Blockchain is necessary for the future of mankind, when people plant trees they can be paid in Tree Coin and when they break wind they can be fined in Fart Coin.

>>27740126

Yeah and emails used to take 10 minutes to send. We're still early you faggot.

>>27740126
>crypto is dumpster fire
u mean everything besides DOGE is dumpster fire. DOGE is fine.

>>27740126
>massive energy waste for mining when normies are freaking about climate change
there are no incentives to create cheap and efficient energy, or to fund r&d for major tech breakthrough, because in 2021 electricity is still a liability when running a business and taxation on it is way retarded
btc unironically fixes this, it rewards the ones creating energy in the most efficient way

>>27743103
I think you're wrong. Once the scalability problem is solved, its going to change everything. Imagine a world where you can walk up to a food truck and pay the guy 0.5 LINK for your burrito or whatever. Its going to be impossible to regulate, its basically digital bartering, as monolithic and awful as our federal bureaucracies are, the boomers in charge dont have the first fucking clue on how to even start regulating it.

>>27743557
This is the important part. So long as boomers make up the majority of government, there’s no way crypto will see any meaningful regulation since most of them don’t even grasp what it is.

Gas fees are making this no-fun-allowed. Only whales are going to pay for that shit eventually and then we might as well go back to stonks which is ironically zero-fee and the low barrier to entry that crypto used to be.
We live in a society.

>>27740126
>gas fees
Umm...nigga this ain't a car tf you talking about

Only doing this once: YIELD APP

>>27743832
eventually they will make controlled takeover release government backed crypto and have priority to transfer their useless billions of fiat into it

>>27740126
Its the wild west. Get in or fuck off pussy.

>>27744035
Is this bait

>>27740126
Don't worry, Iota 2.0 is on the way
>Feeless transactions
>Cohesive library
>No miners
>Colored coins instead of endless etc shitcoins
>Real world use case as base layer for m2m economy
>Literally in use for Covid test certs and funded smart city projects in multiple countries
>Working within government regulation since day 1 including reporting financials to german govt
I'm not sure how this continues to get fudded and overlooked, other than trying to keep people out to acoomulate more