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BITCOIN

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  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Blue_Sky said:
    Although the article linked below is not about BC the question is shouldn't crypto related companies be able to stop $600m heists from happening in the first place?
    Hackers steal $600m in major cryptocurrency heist - BBC News
    This is why people shouldn't buy sh*t coins (ANYTHING other than Bitcoin)
  • Scottex99
    Scottex99 Posts: 803 Forumite
    Ninth Anniversary 500 Posts Name Dropper Photogenic
    Zola. said:
    Blue_Sky said:
    Although the article linked below is not about BC the question is shouldn't crypto related companies be able to stop $600m heists from happening in the first place?
    Hackers steal $600m in major cryptocurrency heist - BBC News
    This is why people shouldn't buy sh*t coins (ANYTHING other than Bitcoin)
    Poly doesn't even have a native token so not technically correct. I have a stupidly large collection of alts and although I wouldn't actively recommend it (especially to newcomers to crypto). ETH market cap is gonna flip BTC one day
  • Scottex99
    Scottex99 Posts: 803 Forumite
    Ninth Anniversary 500 Posts Name Dropper Photogenic
    Been waiting for this since it happened:

    https://www.rekt.news/polynetwork-rekt/
  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 12 August 2021 at 9:43AM
    I respectfully disagree that Bitcoin will ever be eclipsed by Ethereum, that narrative has been out for years but it is showing no signs of happening any time soon.

    Ethereum is a centralised mess that keeps changing its course, at the whims of Vitalik, this is impossible with Bitcoin, so it has the trust and its leading by a country mile.

    Yes ETH is a platform for other apps, so there is potential to make money if something massive happens with tech built on ETH, but to me Bitcoin has already the decentralised race ;)
  • Scottex99
    Scottex99 Posts: 803 Forumite
    Ninth Anniversary 500 Posts Name Dropper Photogenic
    Zola. said:
    I respectfully disagree that Bitcoin will ever be eclipsed by Ethereum, that narrative has been out for years but it is showing no signs of happening any time soon.

    Ethereum is a centralised mess that keeps changing its course, at the whims of Vitalik, this is impossible with Bitcoin, so it has the trust and its leading by a country mile.

    Yes ETH is a platform for other apps, so there is potential to make money if something massive happens with tech built on ETH, but to me Bitcoin has already the decentralised race ;)
    I don't think they are changing course, they have the next upgrades planned and then finally ETH 2.0 whenever that might happen. The fact that EIP -1559 went so smoothly is bullish for me.

    But yeah I get your points on BTC, it will always be the flagship for the whole industry.

    Those two are my biggest bags anyway and always will be (unless some random DeFi coin does 100x out of nowhere!)
  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I will add some eventually as a crypto hedge, maybe, but only after I have hit my BTC goal !  Which I guess may always be further away :D
  • tebbins
    tebbins Posts: 773 Forumite
    500 Posts Name Dropper
    I wander if I PMd all of the cryptites in this thread, how many would turn out to be promoting (read selling) what they claim to be holding.
  • Scottex99
    Scottex99 Posts: 803 Forumite
    Ninth Anniversary 500 Posts Name Dropper Photogenic
    Yah coz the £1k in total invested into BTC from readers here would pump the market and make me filthy rich....
  • I've got £1k of BTC.  £1K of DOGE.  And £100 of XLM.

    I will be putting a grand or two more into crypto this week.  Which coins do people recommend?


    I am interested in XLM and XRP because some say they could be used heavily in the economy in future.  But XRP isn't on Coinbase, and I can't be bothered with other exchanges...
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