crypto currency

[QuarterMillionMan]

With bitcoin at all time highs my profits can buy a new Tesla right now. When bitcoin had dropped in the $70,000 - $85,000 range I was power buying hundreds at a time almost daily.

[QuarterMillionMan]

A picture is worth a 1000 words.

[QuarterMillionMan]

That's some good news for us crypto bugs.

[disneysteve]

I know little about crypto but I did see today that Coinbase will be joining the S&P 500. It will replace Discover since they are being acquired by Capital One. Apparently Coinbase was one of the largest companies not already part of the index so it makes sense.

[QuarterMillionMan]

Bitcoin surpassed Amazon to be the 5th largest asset by market cap.

[QuarterMillionMan]

New Hampshire becomes the 1st state to adopt a crypto & gold reserve.

Bitcoin and gold are now reserve assets in New Hampshire as Governor signs the first US state crypto bill | Kitco News

[QuarterMillionMan]

My prediction with the crypto strategic reserve is to print fiat dollars as fast as possible, buy as many of the remaining 1 million bitcoin to be mined between now and 2035 (to date over 19 million out of the 21 million bitcoin ever to be mined have been mined). The remainder of the world's fiat currencies (ie, Euro, USD, Yen, Yuan, Ruble, etc), including the almighty dollar will be toilet paper.

[QuarterMillionMan]

I truly want everyone to prosper and make money but hard to change one's old way of thinking and train an old dog new tricks.

[QuarterMillionMan]

When bitcoin becomes risk free and your bank at Wells Fargo or Bank of America sells it to you for $10 million for 1 bitcoin you'll wish that you had done your research today and bought it today at a 99% discount at $94,000 a bitcoin.

[QuarterMillionMan]

I'm guessing no one cares so I did my own research.

When people confirm a crypto transaction, it means¹²³⁴⁵:

• The transaction has been processed and accepted by the blockchain network, making it irreversible and secure.
• Confirmations verify that the sender has sufficient funds and has not spent them elsewhere.
• Multiple confirmations reduce the risk of transaction reversal due to blockchain reorganisations or malicious attacks.
• Confirmations ensure that all nodes on the blockchain agree on the transaction’s validity.
• A transaction with many confirmations means more blocks have passed since the block containing that transaction was accepted, making the transaction more secure.

[QuarterMillionMan]

Lessons on cryptos. Confirmed 813x, I take this to mean that 813 people confirmed this transaction? Anyone know or care? This was when I transferred $788 of bitcoin from Robinhood to Trezor.

[QuarterMillionMan]

On my radar next is Quant (QNT) which is a cryptocurrency project that launched in June 2018 with the goal of connecting blockchains and networks on a global scale without sacrificing efficiency. To achieve this, Quant has developed the Overledger Network, which it describes as the first blockchain operating system. The Overledger Network is designed to allow applications to operate on multiple blockchains, providing a bridge between them and allowing them to interoperate. QNT is trading at $67. Coinbase gave free QNT once where my balance is $1.17 but I'll be adding maybe $1000 worth.

[disneysteve]

Decades ago iPhones didn't need a PIN and was always accessible without it. Later they added a 4 digit PIN and even later a 6 digit PIN. The programmers at Ledger & Trezor can always implement a 4 digit PIN into their apps. Coinbase's app is always on as I think about it. Robinhood's app always needs a 6 digit PIN to access it.

Robinhood is probably subject to the normal security regulations since they are a brokerage. The crypto stuff is still the wild west and can do whatever they want, which is probably whatever costs them the least to operate.

[QuarterMillionMan]

Decades ago iPhones didn't need a PIN and was always accessible without it. Later they added a 4 digit PIN and even later a 6 digit PIN. The programmers at Ledger & Trezor can always implement a 4 digit PIN into their apps. Coinbase's app is always on as I think about it. Robinhood's app always needs a 6 digit PIN to access it.

[disneysteve]

Nope no log in nor biometrics needed and both Ledger & Trevor always on.

Wow. Financial apps with no password needed? I guess that's what you get with an unregulated industry. Yeah, I wouldn't be doing that.