I think this prompted investors to ask "where's the ROI?".

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I disagree - before Bitcoin there was no venmo, cashapp, etc. It took weeks to move big money around. I'm not saying shit like NFT's ever made sense, and meme coins are fucking stupid - unfortunately the crypto world has been taken over by scammers - but don't shit on the technology

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I have a dirty suspicion that the "where's the ROI?" talking point is actually a calculated and collaborated strategy by big wall street banks to panic retail investors to sell so they can gobble up shares at a discount - trump is going to be pumping (at minimum) hundreds of BILLIONS into these companies in the near future.

Call me a conspiracy guy, but I've seen this playbook many many times

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Wtf? Venmo / cashapp are descendent from PayPal which was released ages before any major crypto.

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It took weeks to move big money around.

Lol this is just either a statement out of ignorance or a complete lie. Wire transfers didn't take weeks. Checks didn't take weeks to clear, and most people aren't moving "big money" via fucking cash app either.

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You fogot NSFW content, many people are making money using it.

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Forget bitcoin, Monero in my opinion is how crypto was supposed to be. Monero is untracable compared to bitcoin.

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It depends on the bank and the amount you are trying to move.T here are banks that might take a week or so and there are banks that might do it instantly. I once used a bank in the US to move money and they sent a physical check.

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Big money is being held because of anti-money laundering, not because of technology.

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I disagree.

Like it or hate it, crypto is here to stay.

And it's actually one of the few technologies that, at least with some of the coins, empowers normal people.

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Since before bitcoin we've had Faster Payments in UK. I can transfer money directly to anyone else's bank account and it's effectively instant. It's also free. Venmo and cashapp don't serve a purpose here.

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I am not taking about money being held, I talking about regulations and horrible banks not technology. Yes, the current technology allows you instant transfer, but it still depends on the bank. For example some banks allow free international transfers while others require a small fee, some banks you can do the transfer online while others you have to go to the branch in person.

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Wire transfers are how you handle actual big money transfers and it doesn't take weeks.

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International transfers do take time, domestic is instant.

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1-5 days isn't "weeks".

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Oh, I thought he said days not weeks. If it takes weeks they probably suspect you of money laundering.

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It does empower normal people, unfortunately regulations make it harder to use. Try buying Monero, it is very hard to buy.

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They have made it harder, but it's not really hard.

Just buy any regulated crypto and convert. Cake Wallet makes it easy, but there are many other ways.

I myself hold Bitcoin and Monero.

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Same in NL most (all?) banks here have an app that lets you transfer money near instantly, create payment requests, execute payments for online orders by scanning a code, etc. It's great I think.

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crypto that uses block chain is 100% not private. The whole point of the blockchain is that every single transaction is logged and verifiable for the life of the coin. It's decentralized so you don't need to involve a bank, that not the same as private.

Cash transfers are private. That is why there are so many restrictions on cash transactions at banks and borders.

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Look up Monero, it is a crytpo currency that as far as I know no one has been able to trace.

agnos.is Forums

I think this prompted investors to ask "where's the ROI?".