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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,052 since Dec 2013
Thanks Given: 4,393
Thanks Received: 10,209
I thought this was excellent. Bank of America did it, but then dropped it to make logon on simpler. Simpler but less secure. Sure they received to many complaints. Now I only know of one other site that still uses it.
Essentially, making payments is the major reason you have and need a "currency." (Yes, there are other uses, but if you can't buy something with it, then is it money, crypto or otherwise?)
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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,052 since Dec 2013
Thanks Given: 4,393
Thanks Received: 10,209
Bloomberg, Jan 26th :- Coincheck Says It Lost Crypto Coins Valued at About $400 Million
One of Japan’s biggest cryptocurrency exchanges said that about $400 million in NEM tokens were lost after the coins were sent “illicitly” outside the venue .... After hours of speculation, Coincheck Inc. co-founder Yusuke Otsuka said during a late-night press conference at the Tokyo Stock Exchange that the company didn’t know how the 500 million tokens went missing
Yeah yeah make fun of Bitcoin.
As of now Bitcoin is the king as it is always BTC vs Alts. There are several unknown cryptos like Verge, Raiblocks, Stellar etc. with very fast transaction time. We don't know which one is going to be big winner, but mass adoption is coming in the next few years.
Also don't forget, Lightning Network protocol being developed to increase the speed :
"Lightning Network is a separate protocol that sits atop the bitcoin blockchain. It’s one type of “Layer Two” solution that observers believe will help remove the bottleneck in bitcoin’s transaction capacity. One analogy used by the Lightning Network’s developers is that it’s akin to the hypertext transfer protocol, or http, which delivers this article to you. While http handles the delivery of web content, it sits atop the TCP/IP protocols, which take care of routing all the internet’s bits to their appropriate destinations." source: qz.com
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,052 since Dec 2013
Thanks Given: 4,393
Thanks Received: 10,209
If you don't know which one is going to be the winner isn't the almost $200B market cap of Bitcoin a little surprising?
I suspect that you are right that mass adoption will occur in the future, I just wonder whether it will be for any of the currencies in their present format. I understand the desire to take the control of money away from the Central Banks, and their ability to print money at will, but having a financial instrument (cause its not a currency) whose price is more a function of the lack of supply than anything else, isn't in my books a recipe for successful currency.