> Bitcoin has died 450 times. If you invested $100 each time, you'd have $96,489,717 today.
I think this would be more interesting if the same sequence of $100 infusions were also applied to various popular stocks, comparing those hypothetical returns. If we're going to have survivorship bias, we might as well at least compare multiple survivors.
Yes. It allows criminals to move significant amounts of money without much effort, intervention or tracking. The current ransomware issue is a direct consequence of the attackers being able to utilize a relatively safe and cheap payment channel. Without it, the endeavor makes no economic sense.
It is by far the easiest way to pay people who are in another country. Trying to use a bank account for that always seems to get thwarted by a bunch of "fraud alert" false alarms.
Remote uses Stripe's Tempo chain [1] to offer USDC payments to remote workers. Revolut seems to use Stablecoins also in their Fintech products [2], though I'm not sure exactly where or how. Western Union launched [3] their own stablecoin.
One I am familiar with is Polymarket, a big prediction market, who uses USDC on Polygon [4] to denominate their bets and to post bids and asks.
Goldman did a gold <---> painting swap via ETH like 12 years ago. The ship has sailed. It's okay, you don't have to like the calculator code as a DLL to use the calculator
"For a speculative asset-one which produces no income and relies solely on hopes for future capital gains-the absence of a fresh bullish narrative to justify further price rises is a challenge."
No income, but significant expenses. Miners have to sell Bitcoin to pay their electricity bills. Miners also increase absolute supply, causing downward price pressure.
I think crypto is finally maturing. Consumers directly using it is just not going to happen. But institutions using it as a settlement layer seems to have traction. I'm curious to see what Stripe does with Tempo.
For all the crap that is in the crypto ecosystem I do think a lot of people underestimate its potential. Defi can replace entire institutions like banking. Combine it with regulated local stablecoins and governments dont seem too unhappy with it either.
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> Bitcoin has died 450 times. If you invested $100 each time, you'd have $96,489,717 today.
I think this would be more interesting if the same sequence of $100 infusions were also applied to various popular stocks, comparing those hypothetical returns. If we're going to have survivorship bias, we might as well at least compare multiple survivors.
Great store of value you have there.
It is by far the easiest way to pay people who are in another country. Trying to use a bank account for that always seems to get thwarted by a bunch of "fraud alert" false alarms.
One I am familiar with is Polymarket, a big prediction market, who uses USDC on Polygon [4] to denominate their bets and to post bids and asks.
[1]: https://www.pymnts.com/cryptocurrency/2024/remote-and-stripe...
[2]: https://www.bastion.com/blog/the-state-of-stablecoins-March-...
[3]: https://ir.westernunion.com/news/archived-press-releases/pre...
[4]: https://docs.polymarket.com/polymarket-learn/get-started/how...
https://finance.yahoo.com/news/spacex-uses-stablecoins-colle...
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No income. No worries. Number go up
Double whammy, there.
For all the crap that is in the crypto ecosystem I do think a lot of people underestimate its potential. Defi can replace entire institutions like banking. Combine it with regulated local stablecoins and governments dont seem too unhappy with it either.
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