Cryptocommodities ("cryptocurrency", "crypto", Bitcoin, Litecoin, Ethereum, Monero, Zcash and their successors)
Posted: Fri Oct 18, 2024 10:30 am
Wanted to create a thread about cryptocommodities to help debloat threads about Wikipedians who talk about such.
And also be a general supporter of cryptocommodiites as a way to exchange monetary value.
Never had an issue with commodity transfer using Litecoin in particular. Must have made a billion transfers using it and not once worried it would not work out. On the other hand, I regularly experience issues with more traditional banking services that involve even just basic USD transfer. If I transfer Litecoin I pretty much know for sure it will arrive within half an hour, and if not I can always see how many confirmations I have to wait for. On the other hand, if a USD payment of mine is stuck in the banking system, and I call, they *cannot* give me updates about 1) where it is 2) why it is taking so long 3) how long I have to wait. Litecoin is a vastly superior payment transfer method than banking nowadays in my humble opinion. Not Bitcoin though because of the ridiculous fees and wait times.
And also be a general supporter of cryptocommodiites as a way to exchange monetary value.
Never had an issue with commodity transfer using Litecoin in particular. Must have made a billion transfers using it and not once worried it would not work out. On the other hand, I regularly experience issues with more traditional banking services that involve even just basic USD transfer. If I transfer Litecoin I pretty much know for sure it will arrive within half an hour, and if not I can always see how many confirmations I have to wait for. On the other hand, if a USD payment of mine is stuck in the banking system, and I call, they *cannot* give me updates about 1) where it is 2) why it is taking so long 3) how long I have to wait. Litecoin is a vastly superior payment transfer method than banking nowadays in my humble opinion. Not Bitcoin though because of the ridiculous fees and wait times.