Cryptocurrency

[Jog On]

I was watching the big short last night.

How can I short bitcoin?

My spreadbetting broker (GKFX) has several cryptos you can short

[DimPrawn]

I was watching the big short last night.

How can I short bitcoin?

WHAT!

no, you just HODL, and the lambos appear out of unicorn poop.

[scooterscot]

ohh I can't wait to see your face.

Bitcoin is massively undervalued now. Massively. A number of developments have gone under the radar without so much notice.

[DimPrawn]

ohh I can't wait to see your face.

Bitcoin is massively undervalued now. Massively. A number of developments have gone under the radar without so much notice.

How do you value bitcoin?

Why is $7.5K dollars undervalued for example?

[scooterscot]

Bitcoin is about to become that coin everyone uses from buying a coffee at Starbbucks to even.... yes, you heard it here first, a load of bread!!

Now, I’ll tell you that my key takeaway from Consensus, and you’re not going to want to hear this… But this is my key takeaway: that bitcoin is wildly undervalued—wildly, wildly undervalued. And I’ll tell you why. There was a great talk put on by the folks from the Lightning Network about the progress that they’re making. What Lightning Network will allow bitcoin to do is essentially process an enormous amount of transactions at a very low cost. They’re talking about one-millionth of one cent. The brief overview on Lightning Network is that not every transaction that happens needs to be written into the blockchain.
This was a key takeaway from Consensus: Not everything that happens needs to be written into the blockchain. Writing into a blockchain is expensive and arduous and consumes an enormous amount of energy. I don’t think every time somebody buys or sells a $2 item, it should be written into the blockchain.

[DimPrawn]

Bitcoin is about to become that coin everyone uses from buying a coffee at Starbbucks to even.... yes, you heard it here first, a load of bread!!

The brief overview on Lightning Network is that not every transaction that happens needs to be written into the blockchain.

Isn't that the whole point of bitcoin? If you aren't benefiting from blockchain, what's the USP?

[scooterscot]

Isn't that the whole point of bitcoin? If you aren't benefiting from blockchain, what's the USP?

I wondered that to. You've got me. <$2 I think it'll be. But what's stopping you making millions of $2 transactions.

Anyway, fill yet boots.

[DimPrawn]

I wondered that to. You've got me. <$2 I think it'll be. But what's stopping you making millions of $2 transactions.

Anyway, fill yet boots.

I'd invest in bitcoin, but I'm scared I'll wake surrounded by millions of Lamborghini's all revving their engines at me furiously.

[scooterscot]

Get a BMW. Favourite amongst IT types.

[glebe digital]

I do wonder if/how those 2nd tier Lightning transactions will ever be settled, especially with the system scaled up.....who'll be left carrying the smelly stick?

Originally a simple idea, which didn't scale, forks like crazy then extra layers of complexity added.......a recipe for something.