The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: marcher who wrote (65509)	3/31/2021 11:57:11 AM
From: Real Man	Read Replies (1) of 71456

Bitcoin is not part of it, it runs on ethereum network. Bitcoin is just the funding cryptocurrency for the entire crypto market. I don’t think crypto will be going away. It may crash 90% again of course. Then again, passively managed finance. It is easy to set up tracking funds on the blockchain. The only issue is, how much finance can ethereum blockchain carry? There is a technological limit, obviously. They are transitioning to proof of stake, too. They do have lightning network now, Bitcoin, otherwise sending Bitcoin would be extremely expensive. So they moved many transactions off chain. That’s what lightning is. The other day I sent $100 for 9c on lightning network from my mini mining farm. The same transaction on chain would coat me $50 or more. I guess the technology is evolving, everyone would abandon Bitcoin as a currency otherwise. The robots run on ethereum network. They are called smart contracts. They trade like ethereum tokens (something that masquerades as a coin but actually runs on ethereum blockchain) If they try to put the global financial markets on ethereum blockchain, I am sure there will be issues. But, like the internet that started from dialup in the 1990s, this has a long way to go. This is very big.

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