A faster, more efficient cryptocurrency

Re:A faster, more efficient cryptocurrency by JoeAltmaier on Tuesday February 19, 2019 @08:41AM (#19198850)

Missed the 'vendor' part. Most folks dealing in bitcoin, don't trade a whole coin at a time (which is what, $20K?) They use an exchange. Which is the same as now, except without any federal safeguards. In fact bitcoin exchanges have infamously been hijacked and abscond with everybody's coins.

So where's the safety there? Its imaginary.

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Re:A faster, more efficient cryptocurrency by jki275 on Tuesday February 19, 2019 @08:44AM (#19198864)

Not how it works.

You can trade any fraction of a coin with or without an exchange. Exchanges facilitate trading, but they aren't required.

And btc hasn't been 20k for over a year -- in fact it never got there as I recall. It's been trading around 3k for the last few months.

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Re:A faster, more efficient cryptocurrency by keymone on Tuesday February 19, 2019 @10:00AM (#19199340)

oh boy..

not your keys - not your bitcoin. that's the mantra in crypto world. you're just repeating nonsense you've heard somewhere.

whether exchange gets hacked is irrelevant to bitcoin i own if i'm the only owner of the keys.

not true for any money you're currently holding (if we judge from the position you're arguing for), those are completely imaginary indeed.

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