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Can I get 11 likes for the DM. Please help!!!
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Why are you posting if you don't own any?
For anyone that is interested, the Celsius first bankruptcy hearing is going on now and will likely have repercussions and could set precedents across other similar cases. These are the key considerations, at least a few of which IMO are absolutely reprehensible.
It does sound at least like the judge and Kirkland (lawyers) are leaning towards ruling in favor of the folks with custody accounts.
https://cases.stretto.com/public/x191/11749/PLEADINGS/1174907182280000000001.pdf
So plan B is still on track after all?
@pwc ok. Thanks, chief!
Are people still buying Bitcoin at these levels?
If the future of finance is software, then I’m thinking CPAs aren’t part of that future (at least not for a while). What’s the crypto/DeFi CPA? Does that exist yet? I saw the CDAA, others, thoughts? https://www.decinstitute.org/wp-content/uploads/2021/10/B-prop_DEC_Institute_Factsheet_CDAA_-octubre2021.pdf
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Go read the white paper. Might be more valuable than advice over fishbowl
Ethereum will be there platform for enterprise
Many reasons.. first movers advantage and early adoption is probably a significant factory why it still is the gold standard of crypto
First mover advantage and for most people, its a starting point to get into alt coins as opposed to buying ETH or LTC on most exchanges
Its been around for almost 10 yrs. eth has only been around for 2. Ltc 6 yrs
I get that but its competitors are putting out products that can process transactions much quicker than bitocoin which makes it unsustainable in my eyes atleast
In the long term, yes. but first movers advantage is huge especially considering how young crypto is. Litecoin will be a heavy competitor to bitcoin once/if cryptocurrency goes mainstream, since its based on a similar framework with much faster transaction speeds
The fed and Shady banks !
Remember, ETH is essentially built off Bitcoin, hence the underlying strength (for now)
First mover advantage: Adoption by merchants who accept btc and the fact that every crypto portfolio has to hold some. Self fulfilling in many ways.
Does LTC have as strong as a play if BTC can effectively rollout segwit2x and lightning network? That's a big if as I understand, but let's just say hypothetically. Thoughts?
Btc can catch-up to all of those guys if developers and miners stop fighting with each other. That's the only reason progression has been slow for btc. Outside of that like the other guy said main reason is that btc is the reserve currency. People book profits / sell alts into btc whenever they make any trades which gives btc constant demand
please share the link to the white paper as well...this isn't the best tool to search past posts
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Just google for the white paper. It is easy to find