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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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26021052 No.26021052 [Reply] [Original]

>> No.26021168

>>26021052
Sadam lit the oil fields on fire.

>> No.26021265

>>26021052
le future of finance, fuck bank fees am I rite bois?

>> No.26021385

>>26021052
>cut out the middleman they said
>cheaper transaction fees they said

>> No.26021415

what, are you poor or something? LMAO.

>> No.26021473

>>26021385
You're paying a premium for not using a centralized exchange. There are always tradeoffs

>> No.26021482

>>26021052
S T O P
D O I N G
S T U F F

>> No.26021508
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26021508

>>26021052
you can't sell if you can't afford it
bullish

>> No.26021512

>>26021385
ayy lmao

>> No.26021559

>>26021052
just hodl raheem

>> No.26021564

>>26021415
unbanking the unbanked they said

>> No.26021585
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26021585

>>26021052
>>26021385
>>26021508
>>26021473

Thats why IOTA will succeed. Fees kill the ERC-20

>> No.26021607

>>26021508
bearproof

>> No.26021709

Spent over $300 opening a DAI vault less than a month ago. the BASEFEE EIP cant come soon enough

>> No.26021759

>>26021564
I sent $50 in ETH to some /biz/bro in Argentina the other day and it was instantly confirmed for $3 in fees. imagine trying to wire that same amount over through a bank he'd probably get $10 after all the fees

>> No.26021768

>>26021052
Aaaaaaaaand this is why Eth will never replace Bitcoin when Bitcoin ultimately fails to provide cheap, fast, easy payments. Litecoin will, or BCH, but not this unscalable dogshit.

>> No.26021789

Should have bought AVAX. No transaction fees, 1000x faster than eth. With eth it took over 30 minutes to send some coins. Avax takes seconds.

>> No.26021815

ETH isn't scallable, and most likely never will be, it's a shitty blockchain

>> No.26021819

>>26021564
Lol eth has nothing to do with giving shitskins bank accounts, it has to do with smart contracts. Bitcoin is about giving shitskins bank accounts and when the shitskins dont even have the 50$ transaction fee, thats sort of out of their league.

>> No.26021877

>>26021759
the average fee for such transfers would be 4%
that's $2 for a 50$ transfer

>> No.26021948

>>26021877
Actually way better than I was expecting. How long to remittances usually take to finalize?

>> No.26022032

>>26021819
So NANO is the shitskins coin?

>> No.26022168

>>26022032
or XLM

>> No.26022172

>>26021948
depends. could be anywhere from 1 to 5 days. so yes, that would be an advantage of using crypto.

>> No.26022220

>>26022032
>>26022168
Nano, XLM, OMG. Shitskins.

>> No.26022397

>>26021948
Keep in mind that in Argentina that $50 in ETH will be sold at the real exchange rate: 1USD = AR$150. Whereas dollars going through the bank system will be forcibly converted to pesos using the fake government mandated price: 1USD = AR$80. This is done by the banks without your consent btw.

>> No.26022457

>>26021877
You are forgetting most banks charge a fixed $15-$30 fee for receiving an international transfer.

>> No.26022669

>>26021052
fair warning, USUALLY when i get gas like that, its because what I am about to do the contract won't allow, but eth will be glad to burn your gas for you.
I know this because I have gotten burned trying to pull dai out of yeild farm that had a date that was only published on a fucking discord. I burned like like 200 in gas...

>> No.26022702

>>26022397
Neat. The whites there deserve better.

>> No.26022862

Its a poorfag barrier.

>> No.26023574

>>26021052
If you're making less than $250 profit on your trades you don't deserve DeFi.
You can literally lend hundreds of thousands of dollars for <1% APR. What is your fucking problem?

>> No.26023627

>>26021585
let your bags go anon, just cut the losses. The money won't come back but you learned from it. Stay positive.

>> No.26023653

>>26021473
retard
>>26021385
you huff the jenkum, you pay the toll nigga