no content
AdBlocker active?
It seems you are using software to block advertisements. You could help us if you could switch it off when visiting redzoneaction.org.
The reason is very simple: Advertisements help us running the site, to offer you the game in a good quality for free. So if you like the game, please support us by purchasing a Supporter Account or disabling the AdBlocker on this site.
Thank you very much!
| Main / The Lounge - Smokers welcome / Cryptocurrency Search Forum | |
| Navigation: |< >| | |
| Poster | Message |
|
ryandinho
|
posted: 2021-05-04 18:16:33 (ID: 100159046) Report Abuse |
|
Anyone tried using any of these? How have you gained or lost from it?
|
|
| Quote Reply Edit | |
| posted: 2021-05-04 19:50:46 (ID: 100159048) Report Abuse | |
|
I am using Bitcoin and Monero. But I do not use it for earning money, much more for small payments. Lately, bitcoin became unusable, because of the hype this sucker Musk and others made about it, the transactions became ridicolous expensive. So bitcoin is not able to handle micro transactions anymore, which was the basic reason it was invented for
|
|
| Quote Reply Edit | |
|
ryandinho
|
posted: 2021-05-04 22:22:30 (ID: 100159054) Report Abuse |
|
Yeah, I seen the bitcoin value soaring. It was ethereum I'd been wondering about in particular but had only been doing a small bit of research so far.
|
|
| Quote Reply Edit | |
| posted: 2021-05-06 04:47:46 (ID: 100159122) Report Abuse | |
|
I think bitcoin is going to mostly be used as a investment / hedge against currency inflation. In the US, they've increased the money supply by 25-30% to combat the economic hardships of Covid (at least that's their excuse). The stock market and real estate markets are near all-time highs - - despite the economic hardships. But it's really just investment inflation and when the regular economy returns, you'll start to see standard inflation to offset this growth in the money supply.
Some investors and companies now prefer to hold cryptocurrency over US dollars because some government can't just print more of it, thus reducing the value of the existing currency. They have expanded the money supply a lot in Europe too, no? Steve SD Blitz |
|
| Quote Reply Edit | |
|
ryandinho
|
posted: 2021-05-06 18:00:48 (ID: 100159162) Report Abuse |
|
I think you're right about Bitcoin. Especially now that some public names have gotten behind it, it seems to have really taken off recently and is looked at as an investment. There are more and more currencies that I'd never heard of before so trying to get my head around which actually have value. |
|
| Quote Reply Edit | |
| posted: 2021-05-06 20:10:13 (ID: 100159173) Report Abuse | |
|
just make sure you are using a proof of work coin. This way, the network and blockchain is less prone to cheating or takeovers by a majority - if there are enough miners on that blockchain.
|
|
| Quote Reply Edit | |
|
ryandinho
|
posted: 2021-05-09 17:52:03 (ID: 100159276) Report Abuse |
|
Ah I hadn't specifically thought about that, just assumed it was the normal way of doing it! Thankfully any of the ones i'd been looking at are all done that way
|
|
| Quote Reply Edit | |
| reply Mark this thread unread | |
| Navigation: |< >| | |
| Main / The Lounge - Smokers welcome / Cryptocurrency | |
