Quote:
Originally Posted by Barry-xlovecam
We take Bitcoin -- text me!
Smoke another one ... |
Lol yep.
Bitcoin is the most ironic thing ever. When the technological infrastructure is better, their banking system will also probably be a lot better eliminating a big part of the reason for BTC. It has the most appeal to the places where its the least pragmatic to adopt, and in the places where its most pragmatic to adopt, people prefer regular currency.
BTC is a speculative tool. The technology seems to be going in the direction that it can be used to settle transactions. So the NASDAQ is testing it for settlement purposes. So instead of a stock order taking 3 days to settle, you may be able to settle 48h faster. Sorry, I do not see the big deal in this. The 3 day settlement doesn't actually change anything. All orders are delivered at the price agreed upon 3 days before and you can still sell your stock immediately, since it shows in your account in the brokerage immediately. The transactions are all but guaranteed.