hunkyfunky2 Posted November 12, 2022 Report Posted November 12, 2022 1 hour ago, dasari4kntr said: anna full details please… opika chesukuni… 1 Quote
LadiesTailor Posted November 12, 2022 Report Posted November 12, 2022 1 hour ago, hunkyfunky2 said: Isn't damage done? It's impractical for people to manage their tokens themselves I'm not even talking about NFTs... concept has some scope but it got killed before it took off. Blockchain also same - no practical use cases though concept is great. Block chain is implemented in so many companies baaa… it’s wonderful concept but coins chesi ammukovadam BS 1 Quote
dasari4kntr Posted November 12, 2022 Author Report Posted November 12, 2022 7 minutes ago, hunkyfunky2 said: ok..this is little clear…ftx ceo ee pillaki (Alameda ceo)10B ichhadu …ee pilla simple gaa ee answer istundi… choostunte…konchem pedda network vundi..behind…like some political connections and big banks connections…etc future lo it could take many turns… Quote
Simple123 Posted November 12, 2022 Report Posted November 12, 2022 35 minutes ago, dasari4kntr said: it supposed to be currency…daani purpose maarchesi commodity la vaadaru… okka scam thone crypto bad ante…intha kaalam jarigina fiat currency scams ni emanali..? asalu fiat currency systeme sarigga vunte inko crypto lanti systeme avasaram lekunde…money laundering kottaga crypto li jaragledhu…eppati nuncho vundi… still block chain is good concept…some time back…i saw some proposals like how to use blockchain to stop the fake news ani…kaani alantivatini modatlone tokkestaru…endukante…to control people with lies… Bro , block chain is a beautiful concept and technology ... Crypto also nice concept but no country will agree to give up authority over their currency and economy Quote
Pavanonline Posted November 12, 2022 Report Posted November 12, 2022 13 minutes ago, dasari4kntr said: it supposed to be currency…daani purpose maarchesi commodity la vaadaru… okka scam thone crypto bad ante…intha kaalam jarigina fiat currency scams ni emanali..? asalu fiat currency systeme sarigga vunte inko crypto lanti systeme avasaram lekunde…money laundering kottaga crypto li jaragledhu…eppati nuncho vundi… still block chain is good concept…some time back…i saw some proposals like how to use blockchain to stop the fake news ani…kaani alantivatini modatlone tokkestaru…endukante…to control people with lies… It was floated as alternative currency and gained traction because of the financial crisis of 2008 where millions lost hope in govt. later speculation got it hype and reach. It’s being traded as commodity because no one uses it as currency. You can trade on regular currencies too. kahanilu chala cheptaru applications gurinchi which may be used for college ppts. Real world lo there has to be third parties and regulatory systems. I’m not saying current system has no flaws but there is a process or a semblance of order without which there’ll be utter chaos. some are trying this but without backing authority no one can believe anything. But if there’s a backing it can’t be decentralized. Quote
hunkyfunky2 Posted November 12, 2022 Report Posted November 12, 2022 1 hour ago, dasari4kntr said: currency ni commodity laa vaadaru… It can't be currency - transaction fee is too high. If you take individual crypto currencies, there are finite number and progressively more expensive to create - that's why they have value. But, if Tom dick and harry can create their own crypto currency, then where is the finite quantity Quote
dasari4kntr Posted November 12, 2022 Author Report Posted November 12, 2022 32 minutes ago, Pavanonline said: It was floated as alternative currency and gained traction because of the financial crisis of 2008 where millions lost hope in govt. later speculation got it hype and reach. It’s being traded as commodity because no one uses it as currency. You can trade on regular currencies too. kahanilu chala cheptaru applications gurinchi which may be used for college ppts. Real world lo there has to be third parties and regulatory systems. I’m not saying current system has no flaws but there is a process or a semblance of order without which there’ll be utter chaos. some are trying this but without backing authority no one can believe anything. But if there’s a backing it can’t be decentralized. let me tell you one example...how real applications or real use cases emerge... back in days around 2003 or sometime...virtual pc came...they invenented that tech...because they can...there was real use case or need for virtual application...that concept was..waiting for moment... that moment came after many years...when cloud migrations are picking up..people realized the power of virtualization and ease of scaling..etc. docker, kubernetes..etc emerged... any new tech needs some time to pickup..we dont see the use right now...but one day...definitely.. still most of the banking systems are against to this crypto openly...but architecting their funds, etfs on crypto... some stigma is there about crypto...because of dark web usage or musk joker pump and dump..and now this scam...but it will stay... Quote
dasari4kntr Posted November 12, 2022 Author Report Posted November 12, 2022 38 minutes ago, hunkyfunky2 said: It can't be currency - transaction fee is too high. If you take individual crypto currencies, there are finite number and progressively more expensive to create - that's why they have value. But, if Tom dick and harry can create their own crypto currency, then where is the finite quantity transaction fee..etc not the main problem...if something emerges there will be some hick-ups... you know the concept of survival of the fittest...this will happen for crypto too... unless some musk joker ...fingering the things and promoting some junk coins like doge.. Quote
LadiesTailor Posted November 12, 2022 Report Posted November 12, 2022 FTX exchange and its sister hedge fund, Alameda, to secure lines of credit to crypto companies like BlockFi and Voyager that were at risk of collapsing. is it a Lehman brothers moment for crypto ????? Quote
chammakchandra Posted November 12, 2022 Report Posted November 12, 2022 11 hours ago, dasari4kntr said: anyone know fell details… i know recently binance.us took over it…tell me after that what happened..? CNN odu detail ga vesadu kada https://www.cnn.com/2022/11/11/business/sbf-wealth/index.html 1 Quote
pakeer_saab Posted November 12, 2022 Report Posted November 12, 2022 1 hour ago, LadiesTailor said: FTX exchange and its sister hedge fund, Alameda, to secure lines of credit to crypto companies like BlockFi and Voyager that were at risk of collapsing. is it a Lehman brothers moment for crypto ????? people know about a technology and think its not prone to malpractices the more complex the tech gets, the more easier it is easier to hack or corrupt anyone with large invetsment in digital currencies should pull them out and buy real assets or buy stocks of comp that produice something these are highly risky speculative instruments and thinks can change overnite Quote
AndhraneedSCS Posted November 12, 2022 Report Posted November 12, 2022 There are some sharks who comes up with a coin and pumps it quite a bit. Once it is increasing astronomically, it gets retail interest The shark pumps it a little bit which will trigger FOMO in retail investors One the FOMO kicks in, retail will try to invest all of their money and the price will go up like crazy with more and more retail gets in Shark will dump the coin and make profits. Some of the retail will follow suite while the others will stay for long term and get screwed up. Quote
Gorantlamdhav Posted November 12, 2022 Report Posted November 12, 2022 13 hours ago, Simple123 said: Bro , block chain is a beautiful concept and technology ... Crypto also nice concept but no country will agree to give up authority over their currency and economy Can you give 1 usecase of this technology 1 Quote
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