My barber just opened up a Coinbase account, so tipped him in Litecoin to show and explain to him the benefits of blockchain and that crypto has more uses than just an investment vehicle.

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Or, you know, pay him in cash so he can buy dinner.

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Y’all niggas gotta chill and let the man tip in Litecoin: Adoption is the first step

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Why is they accepting shit they have no meaning off? - were you joust being patronising explaining shit because you don’t trim pubes for a living?

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Sign of a bubble - stock advice from cabbies and barber opening a coinbase account?

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"Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day's financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929." -Bernard Baruch

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This is why you should short crypto currencies.

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Paid for my cut in cash and the tip was in crypto to educate. He’s still gonna eat.

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Nah. Honestly, the only way this crypto shit is going to work is if people explain it. If no one uses the crypto for what it’s meant for, the value will go down. Plus, it was a small amount used for educational purposes. If people see it as just an investment vehicle, it won’t change hands and crypto will die out. People are buying into shit without truly understanding what it is. The best way to explain it was to show him that the money transfers hands quicker than a bank transaction.

I wanted to use pending transactions with banks as a benchmark to explain and compare the transfer of lite. Plus, he wanted to learn more about it. It wasn’t to be a facetious dick or to patronize.

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The first step to it being currency is it actually having valid counterparties for sizable transactions and the ability to be stable enough to facilitate trade. The ability to transact in it is secondary.

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Op where do you live? Just having a convo with my barber last week, he was thinking about selling the 4 bitcoins he had, told him to keep them for the time being, more than made up for my small tip

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Wow this is really cool!!!

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Why litecoin and not ethereum or IOTA?

For convenience. I had my coinbase account open and just used his barcode. I don’t want to use my ether just yet. So, I’d rather use my life for transactions. Don’t have a wallet for Iota and other alt coins.

While this may be good for other crypto currencies, bitcoins largest flaw is the limited throughput of the network. So as the user base grows and until solutions are implemented, numerous small transactions on the bitcoin network will only be detrimental to the overall network

Isn’t the current flaw that people are only buying it now as an investment. Buy it because it goes up, not any of the theoretical use cases.

I thought it was cool, let the haters hate

Wow if this isn’t a sign of a bubble then idk what is

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