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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Tmac
Adventurer
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Usernames and passwords are the boogeyman to people around here for whatever reason. I've read pages of Plaid fears on here, but haven't come across anything noteworthy as of yet.
Arden
Blackwing Lair Raider
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Used Plaid to link my bank account to RH years ago and again on Binance recently. Zero issues. That said, I can understand being cautious. I have a savings account that I use exclusively to transfer money into brokerage accounts. I only put what I plan on transferring into the brokerage account in the savings account.
James
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Edaw
Parody
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Not exactly...
As crude as this may be, it is accurate.
Man-in-the-middle (MitM) attack definition and examples
A man-in-the-middle (MitM) attack is a type of cyberattack in which communications between two parties is intercepted, often to steal login credentials or personal information, spy on victims, sabotage communications, or corrupt data.
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Flobee
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Detailed write up about some of the issues with Ethereum from a Bitcoiner's perspective. Articulated much better than I am able to. If you're interested in the heterodox viewpoint on this market:
www.lynalden.com
Ethereum provides a lot of good use cases, but they probably shouldn't execute on the base layer. Eth 2.0 is a gamble to fix this, in addition to layer 2 protocols like xDAI, MATIC, LRC, Optimism, etc. Article doesn't say shitcoin even once, so don't sperg at me nerds
An Economic Analysis of Ethereum
Originally published: January 2021 The anonymous founder of Bitcoin, Satoshi Nakamoto, solved the hard problems associated with digital scarcity with a white paper in 2008, and launched Bitcoin in 2009. After that invention, numerous other projects came in its wake. There are now over 8,000...
Ethereum provides a lot of good use cases, but they probably shouldn't execute on the base layer. Eth 2.0 is a gamble to fix this, in addition to layer 2 protocols like xDAI, MATIC, LRC, Optimism, etc. Article doesn't say shitcoin even once, so don't sperg at me nerds
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Lanx
<Prior Amod>
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i read somewhere that eth is like google marketplace, crazy and wild and eth2 is trying to be apple itunes, regulated and containedDetailed write up about some of the issues with Ethereum from a Bitcoiner's perspective. Articulated much better than I am able to. If you're interested in the heterodox viewpoint on this market:
An Economic Analysis of Ethereum
Originally published: January 2021 The anonymous founder of Bitcoin, Satoshi Nakamoto, solved the hard problems associated with digital scarcity with a white paper in 2008, and launched Bitcoin in 2009. After that invention, numerous other projects came in its wake. There are now over 8,000...
Ethereum provides a lot of good use cases, but they probably shouldn't execute on the base layer. Eth 2.0 is a gamble to fix this, in addition to layer 2 protocols like xDAI, MATIC, LRC, Optimism, etc. Article doesn't say shitcoin even once, so don't sperg at me nerds
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James
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This is an extremely ridiculous claim that was settled in 2013 when the Ethereum founders went from developing on top of Bitcoin to making their own blockchain. You should actually read the Ethereum whitepaper sometime.
The article is shit, and completely ignores real world applications of NFTs and how they might interact with the DeFi markets to create a digital replica of the exact banking system he was talking about. If you feel there were any good points made in this article, feel free to point them out so I can obliterate them for you.
EDIT: 2013ish, not 2015.
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fanaskin
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Tmac
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Flobee
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You didn't read the article. ETH clearly can't scale on L1 due to the sacrifices they made to enable solidity. You don't argue in good faith and its not worth my time trying to convince you. NFT's have potential to be cool and exist on Bitcoin too, that has nothing to do with the article at all.
James
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I did read the article, it's full of shit, literally not a single good point made in it. Scaling Ethereum has always been a multi-pronged process, including both L1 options (Proof of Stake, Sharding, ZK-SNARKs, etc), and L2 options (rollups, sidechains, oracles, etc). To think this dumbass is better informed than the single best crypto research team in the whole space is, frankly, retarded boomer shit.
Flobee
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Maybe you're right. Only way to tell is to wait and see but since its literally all still theoretical in a majority of use-cases It sure seems like
ETH is a bet on the Ethereum developers. It might work out, it might not. They have a ton of issues to overcome though and denying that is simply deluding yourself.
James
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You're retarded if you think Ethereum has not already worked out. Ethereum is not just a bet on the Ethereum core dev team, it's a bet on the entire ecosystem of developers -- of which, Ethereum has over 80% of all crypto developers working on it. You think it's all speculative because you can't see the real, fundamental growth happening on Ethereum right now, and that's why you're going to be left behind wondering the equivalent of huh, where did this YouTube thing come from in 2010 like the rest of the boomers.
Arden
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BTC is a bet too, though- it's just a different kind of bet. Personally, I'm not betting against VB.
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