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crypto_dds redditor for 3 months Yesterday

Can someone smarter than me explain this? Why do we need a payment processor service at all? It takes a 1% fee for transactions as well. Bitcoin is a bank in your pocket. Snap QR code of sender/receiver. Send to wallet. Done. What’s the relevance here?

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yanvnn89966 redditor for 3 months 8 hs ago

Businesses have employees who need pay, suppliers who demand pay, rent to pay, taxes to file. Until all of these *also* accept bitcoin, businesses have no choice but to convert all or most of their revenue into fiat. Bitcoin is a bank in your pocket, yes, but individuals operate on a whole different kind of way from businesses.

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mekstr redditor for 2 weeks 10 hs ago

Not everyone is crypto nerd out there. Many companies can't just report their income in crypto and they don't want to maintain a wallet or train accounting to liquidate it.

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entropywins9 redditor for 3 months 11 hs ago

So retailers who don't want to deal with crypto price volatility can accept payment in crypto and receive fiat.

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crypto_dds redditor for 3 months 11 hs ago

Gotcha! Thanks

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al_the_great Yesterday

So it’s like BitPay?

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thatonedude0823 Yesterday

Bitpay handles only on-chain BTC transactions. OpenNode is lightning enabled... so unlike Bitpay, they have instant confirmations, no network fees for their user's customer's, and the ability to do microtransactions

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al_the_great Yesterday

Sweet!

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tinsins Yesterday

Timmay!

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InquisitiveBoba redditor for 3 months Yesterday

should of just used that money to buy more bitcoin

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btc-7 Yesterday

How would we get forward if every would just buy more bitcoin? This startup is not just another blockchain-for-something company.

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m4tbu Yesterday

Wrong. He already holds a ton of BTC. Investing 1.25M in BTC at this point would have no effect on his fortune and no effect on the price of BTC. Instead, he invests in a business that he thinks will help bring more and more adoption. If it succeeds, he wins on both sides. If it fails, well, he still has a lot of BTC and could profit from other scaling / adoption easing initiatives. This is exactly what we all need (him included) to bring BTC to the masses.

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Crypto-Ecosystems redditor for 3 months Yesterday

That’s stupid. He’d be better off buying 1.3 million dollars worth of Elastos.

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XxArmadaxX Yesterday

Chico.. chico... what did i tell you about posting on reddit while you’ve been drinking and smoking again!

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zackflavored Yesterday

I guess we should avoid this person for investing advice.

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thatonedude0823 Yesterday

opennode.co - you should buy out the .com if you can

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murf43143 10 hs ago

Since .000000000000000000000000000001% of the world ever heard of opennode before, maybe rename and secure domains for marketing before you fuck yourself in the foot by not getting a .com or .org if you are actually serious and not delusional.

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blankslatetheory Yesterday

Tim is quadrupling down. Boss.

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Bitcoin_21 redditor for 3 months 4 hs ago

1mio is nothing for him

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Terrance021 Yesterday

Whatamigunnadooo??

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looccm24 55 mins ago

Net net, I think this is positive news. However, as MKR get listed on more exchanges, how does the community ensure that new MKR falls in the right hands? I'm a bit concerned that with the recent Coinbase Pro listing, MKR might be exposed to a large pool of traders and speculators who have no intention to participate in governance. Would love to hear everyone's thoughts and feedback

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litpath Crypto God | ETH: 147 QC | CC: 43 QC 3 hs ago

People spewing salt just because their bags aren't on the list. Hilarious.

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throwawayLouisa 1 h ago

Or maybe just genuine anger that CoinBase are being lazy fuckers and just adding easy ERC tokens that no one asked for. Whereas real adoption would be helped if they as real coins.

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Aimeedeer 5 hs ago

Is erc20 still useful?

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unitedstatian 6 hs ago

I wish I had $1M to throw in the market right now...

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mechkoff 7 hs ago

Zilliqa did not even perform the swap yet

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stablecoin Crypto God | CC: 185 QC | BTC: 98 QC | EOS: 34 QC 2 hs ago

It's concerning Coinbase is listing ERC-20's that are launching a different mainnet soon. It will only cause a big headache for them later on.

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Zanion 43 mins ago

This is not some new unforeseen problem for exchanges.

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mechkoff 1 h ago

That's what I meant. Then they should support the swap as well.

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Lusan09 8 hs ago

Nice Read! Ethereum's popularity is growing rapidly and is likely to be burst if any government actually issues ethereum or ethereum based cryptocurrency. To know more visit us at https://antiersolutions.com/blog/what-is-ethereum-all-you-need-to-know-about-gas/

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david-v-lund 8 hs ago

About time...

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tarpmaster 8 hs ago

So, if I want to exchange my Dai for dollars through Coinbase, I can send my Dai there, exchange it for USDC and then do another trade from USDC to ETH and then another trade from ETH to USD. Am I missing something? I think I'll just continue to use Oasis.direct and exchange my Dai for ETH; at least as long as there is good liquidity there. Perhaps Coinbase will eventually have a Dai-USD pair.

I think the real benefit is it makes it easier to exchange other assets, such as Bitcoin, for Dai and we have improved liquidity.

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jackieo01 Yesterday

I wonder when they'll list Dash..

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UnknownEssence 2 hs ago

Its super easy for them to list ERC20 tokens. Real cryptocurrencies take more work.

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jackieo01 2 hs ago

They listed ZCash...Dash has been around a lot longer than ZCash. It has way more users than ZCash. It has more growth potential than ZCash. idk, looks a lil fishy

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TrueCryptoFan Yesterday

It seems that The Coinbase Effect is Bullish for now. It's important however that people don't get caught up in the hype this time around.

This could always turn bearish.

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TrueCryptoFan Redditor for 2 months. Yesterday

It seems that The Coinbase Effect is Bullish for now. It's important however that people don't get caught up in the hype this time around.

This could always turn bearish.

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scheistermeister Yesterday

It’s kind of funny that MKR and DAI will not be available within the US. If there are two assets that are easy to buy on a decentralized exchange (oasisDEX) then it’s these two.

So let’s say you’re in the US, you have ETH and want to buy MKR and/or DAI, just navigate to oasisDEX.com. No KYC, just trustless decentralized exchange fun.

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brais33 Yesterday

A USD pair would be great to get into crypto new rookies, with a crypto stable coin which is easy to get in cash

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atLeastAverage Yesterday

Y'all, $1 DAI is coming! HODL!

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giltotherescue Yesterday

Yes!

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Lifeofahero Yesterday

It’s a little deceptive. They’re offering USDC pairs, which means they’re promoting their own stablecoin and they’re promoting tracking everything you do.

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marcandu Yesterday

If you don’t want to have your transactions tracked, you shouldn’t blockchain

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UpDown Yesterday

Monero

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Zarigis 9 hs ago

zkDai

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calbertuk Yesterday

There is a difference between using a dencetralized stable coin on the blockchain and using a centralized stable coin owned by a giant American corporation on the blockchain

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marcandu Yesterday

Agreed. Censorship is the concern, not privacy.

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Lifeofahero Yesterday

Exactly. Coinbase can take away your USDC funds whenever they want. With DAI you have the freedom to use a stablecoin without a big corporation manipulating your assets. That’s my main point.

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willchristiansen Yesterday

Luckily trading DAI is okay for U.S. traders on cbp -- that will be my new goto stablecoin for these reasons. They probably won't use it in major trading pairs though for a while.

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almondicecream Yesterday

Nice, another fiat to dai on ramp. I wonder if they will offer dai interest.

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shiIl Yesterday

CONGRATS!!!

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chrysotileman Crypto God | QC: CC 143, EOS 40, ZIL 19 Yesterday

Zilliqa is the one yess Bois.

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calbertuk Yesterday

MKR > Coinbase

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manofthebarrel Yesterday

DAI > USDC

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unitedstatian 6 hs ago

DAI > USD

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Yokoko44 You have no edge Yesterday

Inb4 people complaining about their coin not being listed

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Lynxi12 Crypto Nerd Yesterday

Just to be clear, it's Coinbase Pro, not Coinbase.

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Abell68 Crypto God | ETH: 77 QC | BTC: 23 QC 8 hs ago

Whats the difference?

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UnknownEssence 3 hs ago

Coinbase Pro used to be called GDAX. Its a more advanced trading platform compared to regular coinbase. It looks more like other exchanges with more advanced features.

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Phallic 7 hs ago

One is Pro

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Ripple12345 Crypto Expert | QC: XRP 47, CC 21 Yesterday

Coinbase's 12 days of facepalm.

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cryptroop Crypto Expert | CC: 43 QC Yesterday

I dunno, dai is kind of a big deal. When that gets on normal coinbase, hook that up with a shift card and suddenly you have a really appealing fiat/crypto gateway. AFAIK you don’t need to pay taxes on a loan, so when you get dai through a cdp, it is a way to get some cash without a taxable event.

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thekiyote Mod of /r/Ripple and /r/XRP Yesterday

To give Coinbase some credit, these are all ethereum-based tokens, which are easier to implement than stand-alone cryptos. I mean, I think XRP should have been added a long time ago, but if they finally decided to start a policy of adding more coins, it makes sense that they go after low-hanging fruit first.

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SpoonyDinosaur Crypto God | XRP: 118 QC 7 hs ago

I feel like they are going to list XRP last as an FU or not at all. Some weird beef with them.

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iLLyNoiZe Crypto Expert | XRP: 32 QC | CC: 24 QC Yesterday

I mean.... I agree for the most part, but I do think the Golem project is working on something with a lot of potential.

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Lynxi12 Crypto Nerd Yesterday

Totally true...

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Randyreddit11 Yesterday

4 shitcoins nobody asked for or wants. Will coinbase ever start listening to their customers? Keep up the bad work coinbase.

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Phallic 9 hs ago

Do you have any idea what Maker even is or does?

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garrett56x Yesterday

People like to throw around the term "shitcoin," and I don't know what the other three do, but Golem is doing some pretty cool stuff for sure.

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wordonewordtwo Crypto God | QC: ETH 87, CC 31, BTC 16 9 hs ago

They mean „shitcoin“ as in „pumping, but I don’t have any of them“.

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OsrsNeedsF2P Privacy Advocate Yesterday

DAI is far from a shitcoin

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B1ackCrypto Keep Crying Fud Yesterday

Yeah I was a bit surprised because I've been hearing the buzz about DAI...My question, isn't DAI supposed to be like a stable coin?(I honestly don't know). Isn't coinbase planning on implementing their own stable coin?

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OsrsNeedsF2P Privacy Advocate Yesterday

Here's my explanation https://www.reddit.com/r/CryptoCurrency/comments/9oinjp/since_everyone_is_having_a_meltdown_about_tether/

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tarpmaster Yesterday

"And now, the rest of the story," as Paul Harvey used to say on the radio. Perhaps this is the reason for the urgent vote on the stability fee.

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Ari Paul - @AriDavidPaul

Fiat is turf in the geopolitical game. Vaguely similar to how the US and USSR fought over Cuba, and how the US and China posture over Taiwan, I expect to see the same playing out over crypto fiat. China has a major head start, the US won't take it laying down. https://t.co/92w3Jyz0S4

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Vinay Gupta - @leashless

RT @bgarlinghouse: "Blockchain...could prove to be as important to commerce as email and text messaging were to communications. New financial systems built on it could help connect people around the world who lack access to traditional banking services." https://t.co/mHeXiSRLaQ

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Michael Casey - @mikejcasey

Agree 100% with @Coinbase's Brooks. Int'l monetary history says USD will lose reserve status sooner or later. But all's not lost: US can enable its successor. Must it yield to Chinese yuan? Or can it back something more open, innovative...more "American"? https://t.co/0pXJRNlY7T

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Katherine Wu - @katherineykwu

RT @brian_armstrong: The U.S. should help create the next global reserve currency. Write up by Coinbase Chief Legal Officer, Brian Brooks: https://t.co/fAw8G0ZZkC Embracing the internet was a huge driver of U.S. economic growth. We should do the same with crypto.

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Emilie Choi - @emiliemc

RT @brian_armstrong: The U.S. should help create the next global reserve currency. Write up by Coinbase Chief Legal Officer, Brian Brooks: https://t.co/fAw8G0ZZkC Embracing the internet was a huge driver of U.S. economic growth. We should do the same with crypto.

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Beastlorion - @Beastlyorion

Check out the $XRP army at work in the comments. Its like an angry mob of NPCs. https://t.co/fa95p9Eedb

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Dennis Parker⚡️ - @Xentagz

RT @semil: Been thinking: Bitcoin value may be "store of value," and the use case may be global reserve currency. https://t.co/S3CGm3NkuZ

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Dan Held - @Dan-Held

RT @semil: Been thinking: Bitcoin value may be "store of value," and the use case may be global reserve currency. https://t.co/S3CGm3NkuZ

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Rachael Horwitz - @RachaelRad

RT @BlockchainAssn: "America must maintain its leadership role by leading the way on research and development of cryptocurrency technologies — just as it did in the early days of the internet — rather than stifling it." -- Brian Brooks, Chief Legal Officer, @coinbase https://t.co/9tjZRcLTIR

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Frank Chaparro - @fintechfrank

RT @coinbase: How do we keep the U.S. at the heart of a more open and equitable financial system? Brian Brooks, the Chief Legal Officer at Coinbase, details in @DealBook how American blockchain innovation is vital to providing a check on de-dollarization. https://t.co/CGpybtBmDZ

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Balaji S. Srinivasan - @balajis

RT @brian_armstrong: The U.S. should help create the next global reserve currency. Write up by Coinbase Chief Legal Officer, Brian Brooks: https://t.co/fAw8G0ZZkC Embracing the internet was a huge driver of U.S. economic growth. We should do the same with crypto.

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Brian Armstrong - @brian_armstrong

The U.S. should help create the next global reserve currency. Write up by Coinbase Chief Legal Officer, Brian Brooks: https://t.co/fAw8G0ZZkC Embracing the internet was a huge driver of U.S. economic growth. We should do the same with crypto.

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where_is_jhyde redditor for 3 months Yesterday

If only there was already a crypto that has survived 10 years in the wild, that is decentralized, that can serve as an alternative world reserve currency, and that future financial products can be built on top of.

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coinstash Yesterday

America couldn't organise a piss-up in a brewery.

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phonetwophone Yesterday

U! S! A! U! S! A! Show China how to mine that Bitcoin like a boss.

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maff1989 Yesterday

But they won't because their digital currency won't be cryptocurrency

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ObstructAndResist Yesterday

Which one first, US, RUSSIA, CHINA, the back stabbing will be epic.

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hello_again_world Maybe we're just idiots? Yesterday

Our days are numbered boys. Our lease on life is growing short, it's official. If they start today they'll be done in only twenty years, and it'll only take another five to fix the wallet glitch where your money gets deleted entirely.

The glitch where controversial transactions can be censored, and the one where certain large wallet addresses can exclusively transact anonymously, would be discussed, but never fixed.

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stalin_9000 Redditor for 12 months. Yesterday

Writes a guy who works at CoinBase.

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LGuappo Yesterday

In the New York Times.

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castorfromtheva Yesterday

They don't get anything. Whether or not they implement "blockchain-technology" won't solve the actual economical nor monetary problems as it would still be badly centralized, controlled by only a few and there's still this censorship-irresistance. Bitcoin will solve those problems and eventually wipe the rest completely out and suck it off. It is the monetary systems' black hole gaining its power by being the most trustless and decentralized asset.

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litpath Flippening Yesterday

Lead? They're already behind, by a long shot.

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sammyb67 redditor for 4 weeks Yesterday

It should say, America SHOULD lead the transition into digital currency reserve

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Aza383 New to Crypto | 2 months old Yesterday

Its beyond delusional to think the elite are ever going to willingly give up their dollar scam.

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twigwam Crypto God | QC: ETH 195, CC 23 Yesterday

Come on, they know they have to sell at the top. Its rebranding time. Decentralized it all so less demand for Eastern based reserve

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MusaTheRedGuard Yesterday

Holy shit. It's fucking happening

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ninethirtyone 50k ETH by 2018 Yesterday

Totally agree. Wish this article was a little more in depth though. This just brushes the surface of things.

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Marswhalbaconattor Flippener Yesterday

yeah, not gonna happen... The US government can't even agree on its people's basic rights let alone fight the current federal reserve monopoly on printing cash.

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almondicecream Lover Yesterday

they have the right to death panels

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ATX_progressive Redditor for 4 months. Yesterday

...If the ethos of this new gilded age of inequality and repression wasn’t so inculcated in the culture that sound money and fair business practice could actually be considered, then yeah.

But we live in Hellworld so no.

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CommunityPoints Redditor for 4 months. Yesterday

/u/Frater_Petrichor tipped 1000 Donuts for this comment!

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ev1501 Ethereum fan Yesterday

Yeah! and build it on Ethereum while you are at it...cause we want to be rich darn it

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HandyNumber Yesterday

Ethereum? Don't think so. Not scalable enough, secure enough. And blockchain PoW isn't fair. More importantly, Ethereum's image/brand wouldn't be a good fit.

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BasedBrit35 1 h ago

Really nice overview and awesome website design as well.

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dont_hate_scienceguy will there be enough lambos? Yesterday

I'd be interested to see someone correlate ETH price action with instances of ETH devs dancing on stage.

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Easy_Lack Redditor for 21 days. Yesterday

Yes 2018 was a year full of actions and tons of functionalities and new features were delivered on main-net, as promised Constantinople in first quarter, POS was delivered in summer, Sharding in winter, Etherum started processing 100k transcations per second, people made 10000x gains.

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dcjsail Redditor for 8 months. Yesterday

Weird, he just explained how my sarcastic sub-conscious feels.

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Danzellio Redditor for 21 days. Yesterday

Probably Ethereum's best year yet!

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datawarrior123 Yesterday

Yes 2018 was a year full of actions and tons of functionalities and new features were delivered on main-net, as promised Constantinople in first quarter, POS was delivered in summer, Sharding in winter, Etherum started processing 100k transcations per second, people made 10000x gains.

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rmvaandr Yesterday

Probably Ethereum's best year yet!

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twigwam Yesterday

I think so! :)

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AntierSolution Yesterday

Nice ! Ethereum rocked in 2018

and will be rocking in 2019

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Sonata-ai Yesterday

Wau. I appreciate the simplicity and wide range of all infos. Thanks for sharing!

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kryptohenry 1 day ago

the Review is really cool..

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