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RE: LeoThread 2024-12-18 18:40

in LeoFinance4 days ago

I'm rethinking many things about crypto after attempting to live on Bitcoin. At the moment, there is no escaping the traditional finance system. All we are doing is moving value out of banks. But we are creating churn, which generates fees for all the intermediaries. I am escaping inflation, but paying transaction fees and taxes for it. This makes long-term hodling more essential.

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the transaction economy without middleman should be cheaper in the long run. You are in pioneer times. This is why I think #dash is quite cool

I like Dash. But I think that being optimized for spending makes it difficult for people to hodl it as it tends to fluctuate in price within a range. Litecoin and BCH, I think, have the same problem. They are fast with low transaction fees. So people spend them. I think if HIVE didn't have a 13-week power down, it would be in trouble.

Depending on where you live...

Some countries/states/cities are more crypto-friendly that others. For example there are farmer's markets in Costa Rica that accept bitcoin. I think there's a beach in the Philippines that's also very bitcoin friendly. There were restaurants/bars accepting bitcoin cash in Tokyo too.

It's a grassroots movement all around that world that is growing under-the-radar. Just give it time and focus.