Vitalik escalates ETH 2.0 merge as miners plan a 51% attack

Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by herbst on Saturday March 13, 2021 @03:57AM (#26445131)

I hold, transfer and pay with crypto a lot. To save a lot of fees, have additional security and because it is simply comfortable and fast.

Smart contracts allow that i can swap any currency to any other withoit kyc or even registering. I can move USD from ETH to Tron and so on within seconds for a low fee.

Cashing out to IRL money is simpler and faster than even paypal or paysafe for example.

Even if the crypto market is unstable, the last years it generally went up while holding USD or EUR basically was a loss game valued against ex. CHF.

I personally cant imagine a world without blockchains anymore.

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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by fock on Saturday March 13, 2021 @07:23AM (#26446095)

do you mind telling me, how you cash out USD without giving anyone your name :)?

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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by willis936 on Saturday March 13, 2021 @08:23AM (#26446369)

IRS has entered the chat.

Also, transaction fees seem pretty high. Maybe I’ve just been spoiled by cheap insecure transactions.

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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by herbst on Monday March 15, 2021 @04:48AM (#26463770)

Transaction fees for sums above lets say $500 are way cheaper than most banking fees especially assuming different currencies. Even more when we compare to western union or even paypal

Let me give you a real world example. You buy something for $10. Then ethereums $5 fee sounds crazy compared to 3% or so for creditcard or paypal. However transfer $1000 and those 5$ suddenly sound a lot better than the 30$ the creditcard or paypal charges.

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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by herbst on Monday March 15, 2021 @04:58AM (#26463822)

Ahh what i ment is using tether or usdb instead of usd. Which is instant and decentralized and widely accepted crypto bound to the usd value. It just saves you from up and downs, its still crypto

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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by fock on Monday March 15, 2021 @09:46AM (#26466026)

Well, so you are still trading with people believing in the value of these systems (which are <95% of businesses), which is a very specific distinction to cashing out money with which you can pay e.g. your taxes.

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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by herbst on Tuesday March 16, 2021 @05:29AM (#26474595)

Cashing out is no issue either, just not without a name. However even that exists trough localbitcoins.

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