Microstock Photography Forum - General > Off Topic
DOGE coin?
Uncle Pete:
--- Quote from: Noedelhap on May 10, 2021, 10:57 ---
--- Quote from: Uncle Pete on May 10, 2021, 10:47 ---
--- Quote from: 50% on May 08, 2021, 06:09 ---You clearly don't know what a Ponzi scheme is saying crypto in general is a Ponzi scheme is like saying gold is a Ponzi scheme, of course some of the cryptos needed to be avoided so you need to do a full research before investing in one but you don't understand neither the technology nor the power or the idea of a decentralized finance system. Crypto has mighty opponents because it takes power away from the banksters and the governments but the genie is out of the bottle and there is no way back. You are right that for a huge part of the population the blockchain technology at the moment doesn't mean anything it's the same with internet 25 years ago the internet doesn't mean anything to a huge part of the population. It is still early days in crypto so where will a lot of rewards for the people to jump in early it will remain highly volatile for the time being but it will succeed.
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Yes, precious metals are a pump and dump scheme. :) The people making money are the dealers, not the public, in most cases. Just like a casino bookie, they take 10% on every transaction or at the least, no risk, as they buy for less and sell for more.
Coin is unpredictable and in it's infancy. All these wild predictions are ignoring that most of the coins will fail eventually, like any other new technology. The ones left standing will be making the changes to the way we trade products for something of value.
My biggest complaint is I have ETH and can't spend or convert it. The gas fees are also going through the sky, as they are relative to the value of the coin. When transactions are easier and fluid, then coin will start to take a bigger hold. Right now coin is too complicated.
ps https://coinmarketcap.com/ look at some of the graphs? What the heck, Binance and Tether are wild, and they are supposed to be tied to the US dollar? ETH up 400% in the last year, I like that.
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Tether is pegged to the USD, so it fluctuates constantly between 0.99998 and 1.0001 as it tries to remains constant. Hence the 'wild' looking graph.
BNB is not pegged to the USD, it's making a steady climb upwards since February.
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Thanks, so like a penny stock going from 15/16th up to 1 and back down? Looks like a big variation, because of the low values. :)
annaspix:
Do you guys know if dogecoin implemented mimblewimble?
Artist:
--- Quote from: annaspix on May 11, 2021, 04:21 ---Do you guys know if dogecoin implemented mimblewimble?
--- End quote ---
and what is mimblewimble?
annaspix:
--- Quote from: Artist on May 12, 2021, 01:11 ---
--- Quote from: annaspix on May 11, 2021, 04:21 ---Do you guys know if dogecoin implemented mimblewimble?
--- End quote ---
and what is mimblewimble?
--- End quote ---
It's a blockchain protocol, focused on privacy
angelawaye:
Still holding Doge. Got in at .22
Make sure to invest in ETH too.
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