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/biz/ - Business & Finance

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54816262 No.54816262 [Reply] [Original]

crypto futureoffinance bros...

>> No.54816286

All he has to do is buy bitcoin and put it in his own wallet. He wanted to get rich quick and he wasted money, not my problem.

>> No.54816346

oh no a retard doesnt know how crypto works and tries to gamble with 100usd on ETH

>> No.54816437

>>54816262
He put in 100$ to gamble and then lost 60$ of it to fees? And he didnt even get to gamble yet?

>600 upvotes

LMAO literal retard cuck

>> No.54816447

Did anyone post that you need more than $100 to gamble with when fees are high or does this get you banned on there?

>> No.54816650

>>54816286
This. It's just that simple. Buy it and treat it like savings. I've been doing this for a few years now and when I need to use dollars for an expenditure I just sell some bitcoin.

>> No.54816652
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54816652

>>54816286
fpbp

no pity for retards buying shitcoins

>> No.54816683

The average redditors IQ in a nutshell

>> No.54816700

>>54816346
Its 25 matic, he has like $20 of matic on ETH and is complaining about $100 gas fee instead of just.. using matic to begin with where fees are less than a cent. Or using any L2.

>> No.54816742

eth is a worthless shitcoin

>> No.54816828

normally I would trash reddit posts
but this time for once they're alright
when I want to send my mom a $500 of cumrocket to pay for rent
I end up spending over then thousand dollars in gas fees

>> No.54816903

>>54816286
Even that costs $6 worth of BTC

>> No.54816992

>>54816903
Not if you use lightning. If you have so little the base layer tx fee is a lot to you then there is no reason to pay for the security of the base layer, just use bitcoin on lightning. This is more relevant for when bitcoin is used as a currency though most people just buy and hold right now so don't care about reducing fees.

>> No.54817056

He's trying to use the most secure and decentralized global settlement layer to move $20. If you have 20 bucks, your money should not be in an Ethereum account, it should be with Binance, Kraken, Coinbase, whatever. And from there you withdraw directly to Polygon, Arbitrum, etc.

If you think your $20 transactions belong on Ethereum mainnet you have a fundamental misunderstanding of it.

>> No.54817126
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54817126

I lost $40 trying to buy PEPE. I only use BTC and XMR so I'm used to sub-$1 fees, but those "gas" fees are just ridiculous. I'm shocked anyone uses this shitty technology for anything. It's ridiculously expensive. What's even the point of PoS if it costs that much. More like Piece of Shit, amirite.

>> No.54817154

>>54816447
in the bull market it was like >600$

>> No.54817434

>>54817126
Its not PoS, its just bandwidth and storage requirements. Like a full node requires >650GB storage. If fees were cheaper more people would use it making running nodes impossible except for massive servers. Its how you keep it decentralized. If you want cheap fees, use an L2.

>> No.54817616

>>54816262
Literally all you had to do was buy xrp lmao. Fucking dumbass

>> No.54817636
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54817636

>>54817434
650GB is nothing. For the fees I wasted on nothing you can buy that much storage and have something left over. BTC and XMR are larger and have much, much lower fees. Literally a few cents is enough for a transaction to confirm. L2 is copium. ETH is garbage. I don't care why. It's unusable as it is.

>> No.54817666

>>54816652
kek btc maxis are so funny
they really don't think they gov/banks/deepstate made bitcoin to hide debt in and won't implode it when they need to

>> No.54817693

>>54817636
But a few years ago it was half that. So in 10 years it might be like 100 TB to run a node.

>BTC and XMR are larger and have much, much lower fees.
Because they have much less tx volume, retard. Eth has like 4x the transactions as btc and they have a lot more data. Eth has over 50x the transactions rate as xmr.

>> No.54817701

>>54817056
>your $20 belong on a CEX instead of the eth network
my god, you're such a faggot.
what do you think 'global settlement layer' means?
it's not a deficiency of understanding, it's a deficiency of Ethereum.
it should be able to trivially handle a $20 transaction.
the entire purpose of decentralization finance is so you DON'T need to use a bank.

>> No.54817727

>>54817701
that's just how it is now. If there is adoption you can get paid in btc/eth on L2s and so you can use either on L2s without ever touching the base layer or a CEX. It just isn't used like that now because CEXs are fiat onramps. If you can get tokens from selling stuff instead of fiat then you can use L2s without a CEX or base layer.

>> No.54817960
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54817960

>>54817693
Don't care why you nerd, it's unusable.

>> No.54817999

>>54816262
CCIP fixes this

>> No.54818012

>>54816262
Avax solves this

>> No.54818021
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54818021

ccip unironically solves this
however they're only just now starting to look for a developer to build it

>> No.54818087

>>54817960
whats unusable? have you tried using arbitrum or optimism? Or polygon? The fees are in the cents.

>> No.54818729
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54818729

>>54816262
Bitcoin fees are a couple dollars, maybe stop dicking around with shitcoins.

>>54816903
NOOOOO NOT THREE WHOLE DOLLARYDOOS! THAT'S TWENTY PERCENT OF MY NET WORTH. MY WALLET IS LITERALLY BEING HOLOCAUSTED HERE!

>> No.54818757

Hedera

>> No.54818813
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54818813

>>54817666
>they really don't think they gov/banks/deepstate made bitcoin to hide debt in and won't implode it when they need to
There is literally zero reason to do this, they can print an infinite amount of USD to erase their debt whenever they want

>> No.54818962

>>54816262
thats still cheap considering its like a bank with a no questions asked trading account with no limits or time frame to adhere to

>> No.54820652

disgusting filipino and south american monkeys should stick to the binance scam chain

>> No.54820756

the thing i hate the most about crypto is the fact that it's gotten popular

>> No.54820773

pulse chain will solve this

>> No.54820875
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54820875

bsv chads pay $0.0001 in fees

>> No.54820932

>>54816992
No one cares about lightning fag. We buy btc and self custody. Thats it.

>> No.54820936

>>54816262
>$110 to bridge 25 matic to ethereum
lmao, just deposit to binance from polygon, then withdraw to ethereum. Its like $10. Why would you use the onchain bridge as a small fry.

>> No.54820965

>>54816992
90 cents per tx on lighting makes it unusable for day to day decentralized money

>> No.54820976

>>54820875
>bsv chads pay
Let me stop you right there champ, no one is using bsv for literally anything

>> No.54821048

>>54816262
go back

>> No.54821071

>>54820965
Yeah right now, but the way LN scales is that usage can actually decrease the fee because it means less fees per tx to cover routing costs. So LN will scale much better than the base layer, where it will be cents if enough people used it.

>> No.54821081

>>54817126
kek is that ronnie corbett

>> No.54821738

>>54820932
True, bitcoin is still extremely valuable as just a store of value.

>> No.54822028
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54822028

>>54820976
cope
we're just getting started

>> No.54823257
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54823257

>>54821081
I'd like to know the sauce as well, actually.