I think this prompted investors to ask "where's the ROI?".
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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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Look up Monero, it is a crytpo currency that as far as I know no one has been able to trace.
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I think that the technology itself has been widely adopted and used. There are many examples in medicine, military, entertainment. But OpenAI and other hyperscalers are a bad business that burns through a loooot of cash. Same with Meta AI program. And while this has been a norm with tech darlings that they usually don't break even for a long time, what's unprecedented is the rate of loss and further calls for even more money even though there isn't any clear path from what we have to AGI. All hangs on Altman and other biz-dev vague promises, threats and a "vibe" that they create.
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I was making a joke, I agree with you it is over hyped. It basically just takes the training data mixes it up and gives you a result. It is not the so called life changing thing that they are advertising.
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Helpfully, because bitcoin gets all the traderbro attention, monero has actually ended up being (relatively) stable because it has more of a purpose.
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That is not the only reason it is stable, because all transactions are private, it doesn't affect the price unlike bitcoin.
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Because they have to compete with crypto.
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Ah, sorry, didn't catch it ^^"
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Money is held so that interest can be earned on the float.
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The data on the blockchain is not private.
However data can be encrypted before it hits the blockchain and it can also be cryptographicly manipulated in ways that remain private.
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For the istant money from 2025 I Agree, but the bank transfer part is like that since 20 years
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At it's core the block chain encourages verification. doing extra steps to maintain privacy is not the same as system that is private. It's like saying cell phones are private if you buy a burner phone with cash. Technically well but not by design.
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Agreed. Privacy on the blockchain is an optional extra. On newer generations the option exists by design.
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It's not a statement out of ignorance and it's not a lie. Most people don't try to move huge money around so I'll illustrate what I had to go through - I had a huge sum of money I had in an online investing company. I had a very time critical situation I needed the money for, so I cashed out my investments - the company only cashed out via check sent via registered mail (maybe they did transfers for smaller amounts, but for the sum I had it was check only). It took almost two weeks for me to get that check. When I deposited that check with my bank, the bank had a mandatory 5-7 business day wait to clear (once again, smaller checks they deposit immediately and then do the clearing process - BIG checks they don't do that, so I had to wait another week). Once cleared, I had to move the money to another bank, and guess what - I couldn't take that much cash out, daily transfers are capped at like $1500 or whatever they were, so I had to get a check from the bank. The other bank made me wait another 5-7 business day as well, because the check was just too damn big.
4 weeks it took me to move huge money around, and of course I missed the time critical thing I really needed the money for.
I'm just a random person, not a business, no business accounts, etc. The system just isn't designed for small folk to move big money
