Cryptocurrency
Cryptocurrency
Out of context: Reply #680
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- drgs0
Wrapped Bitcoin losing its peg
What the fuck is wrapped Bitcoin?
- Layer 2. You bunch a load of transactions with your coin, and then send that to btc, while pegging your coins price to btc price.shapesalad
- Should allow faster transfers and lower fees - as you are grouping a bunch of transactions on your cheap coin into one btc transactionshapesalad
- Lightening coin is a similar one, often touted as the killer combo of lightening on bitcoin being the worlds future currency.shapesalad
- me things no, no country would hand over power like that - eg, someone can gobble up more of a coin than a gov or central bank could = lose power.shapesalad
- I got into crypto on all the headline statements - anti-inflationary, decentralised, limited supply, trustless...shapesalad
- ...but it would seem all those things are what make a currency work. Else.. look at the btc price volatility, look at the whales manipulating market etc. etcshapesalad
- if $'s where of limited supply, then Apple would have more $'s than any central bank or gov agency.. and then? you go to them for capital to grow you business?!shapesalad
- Your first bear market?drgs
- limited supply does indeed = no inflation. but also means the most profitable company will have eventually all the currency.shapesalad