Crypto currency (IF banned from CA)

[DuuuncanHadaPigeon]

Because proof of work and proof of stake are both types of consensus protocols?

I think it's important to talk about what that means though. At the beginning of the article they compare the energy used by one BTC transaction to one credit card swipe, it's a false equivalency.

Miners contribute to the decentralized consensus mechanism by collectively agreeing on the state of the blockchain, they don't just verify one transaction at a time, they are securing the whole network. When they are making the comparison it doesn't seem like they are considering consider the cost of all the infrastructure behind one credit card swipe.

I don't own any BTC nor am I particularly fond of it by the way

 

[YoboCopter]

Im minted off crypto

 

[SerenityNigh]

Blockchains are code, code is speech, speech is a protected right.

 

[YoboCopter]

Safe to say am pretty dam rich RN

 

[kevinsheedy111]

i have bought some MicroStrategy shares in my pension wrapper.
this seems to be the best way to get some exposure in the uk,
any other ideas or views?

 

[kevinsheedy111]

https://finbold.com/bitcoin-is-2023s-best-performing-asset-among-40-wealth-classes/

2023 winners and losers

 

[DuuuncanHadaPigeon]

i have bought some MicroStrategy shares in my pension wrapper.
this seems to be the best way to get some exposure in the uk,
any other ideas or views?

BTC spot ETF has now been approved. Pretty huge news all things considered. I know nikom court would be thrilled if he was still here and we would be doing battle.

It now means people can buy paper BTC and gain exposure to it, is it good for BTC? I don't know, middlemen and crypto do not mix well. That's why I support real DeFi that can't be switched off.

 

[The binman chronicles]

Woah one of my assets as gone up 50% today. That's made a bit of a difference to my wallet.

 

[YoboCopter]

Woah one of my assets as gone up 50% today. That's made a bit of a difference to my wallet.

On paper im a millionare atm

 

[DuuuncanHadaPigeon]

Woah one of my assets as gone up 50% today. That's made a bit of a difference to my wallet.

Which crypto asset was this good sir. Congrats on the pump.

 

[DuuuncanHadaPigeon]

On paper im a millionare atm

how is your avax bag doing yobofriend

 

[The binman chronicles]

On paper im a millionare atm

Congratulations. I'm only small frying really, but every little helps.

Which crypto asset was this good sir. Congrats on the pump.

Ethereum classic. I bought a load when they went cheap the other year.

 

[kevinsheedy111]

BTC spot ETF has now been approved. Pretty huge news all things considered. I know nikom court would be thrilled if he was still here and we would be doing battle.

It now means people can buy paper BTC and gain exposure to it, is it good for BTC? I don't know, middlemen and crypto do not mix well. That's why I support real DeFi that can't be switched off.

I don't own any crypto CBA with all self custody stuff but I would buy a bitcoin etf in my ISA wrapper if possible.
I think it's riskier not to have any exposure than maybe 5% of my portfolio.

 

[DuuuncanHadaPigeon]

Congratulations. I'm only small frying really, but every little helps.



Ethereum classic. I bought a load when they went cheap the other year.

very nice well done sir

 

[DuuuncanHadaPigeon]

I don't own any crypto CBA with all self custody stuff but I would buy a bitcoin etf in my ISA wrapper if possible.
I think it's riskier not to have any exposure than maybe 5% of my portfolio.

The ETF will certainly make it easier for people who CBA to write down 12 words and put them in a desk drawer but just know, you will not own the buttercoins, you just own a paper version.

5% exposure to high risk volatile assets is probably a good idea, it could even outperform the other 95%!