Can you be a bit more specific with whatever I said please B?
The idea of bitcoin is a limited number of coins for enforced scarcity but when they do stop being ‘minted’ in 8 years or so the idea is that the network is so prevalent that transaction fees are enough to keep miners powering the network.
Other networks are under no obligation to use a limited number of coins of course. Some don’t.
Wally “After all, if it ramps up the price, everyone gets paid ” - that is logically impossible, The people getting ‘paid’ in fiat currency do win, but those doing the paying lose out. Sure if it keeps going up then everybody wins. But that is not possible, at some point the fiat currency will run out. The music stops and somebody is without a chair
Dunno where I said that tbh mate. Reply to the post maybe?
By ‘everyone’, I meant people invested in the digital currency. Supply and demand. The more people who invest, the higher the price goes. Hence, a welcoming comunity keen to assist people.
Still not quite sure what you’re getting at here. The people who sold the coins lose out? How’s that any different from any stock? There’s a finite supply of coins so it can’t keep rising forever? Fiat currency is finite and all newly issued fiat currency is future debt.
Fuck it I’ve just thrown £200 into a Binance account and I’m in
Can anyone explain what ‘Smart Contracts’ are in layman’s terms?
Old-Dutch Did you verify yourself and use faster payments to deposit or did you just use a card? Having problems verifying my ID and people on reddit are saying it can take weeks :S
LT42 They are essentially a contract written in code or a programming language.
Once created they cannot be changed or manipulated.
For example in a simple escrow function, currency is deposited and is only released if certain criteria is met, such as a date has past, or currency has been added to a specific account etc.
They are mathematical contracts that are financial instruments. In WEB 3.0 you browser interacts with the blockchain using smart contracts or dApps.
Yes, this was a ball-ache. I deposited £200 in GBP and then bought a couple of currencies I could with that before transferring those to other currencies. I have absolutely no idea what I am doing - BUT I FUCKING LOVE IT
Mine seems to have verified overnight
Made 4 quid from SPE so far. Bask in my reflected glory Jaded Clubbers!
https://coingape.com/goldman-sachs-md-becomes-dogecoin-doge-millionaire-quits-company/
Profit is profit as they say
lol
Money printer goes brrrrrrrr
