More recently Vitalik has said Ethereum PoS is at least a couple of years away, likely due to new attack vectors that require further research https://arxiv.org/abs/2110.10086, one of which enables an attack with only 0.09% of the total staked. It would have been foolish to fork knowing attacks like these are still being discovered.
"with more than 99.6% probability, an adversary with 0.09% of total stake is in
a position to execute a 1-reorg for any given day."
Another which could prevent the chain moving forwards indefinitely.
"an adversary controlling 15% of stake can stall PoS Ethereum"
Property prices aren't so crazy - a friend of mine pays €400 a month in a nice part of Costa da Caparica for a 2 bed, another bought a great place for under €200k in Cacilhas.
For under €500k you can get something like this https://www.idealista.pt/imovel/31578168/ more than decent in such a desirable location in the centre of the capital..
The minimum wage is so low because more than 50% of the workforce didn't finish school https://www.theportugalnews.com/news/50-of-portuguese-betwee...
There are plenty of Portuguese people smarter than I commanding nice salaries, yes not as high as elsewhere in Europe but the quality of life and cost of living I believe make up for it.
You're quite right, there are risks with everything in life. I believe a hardware wallet to be far more secure than online banking. I think you'll find this interesting: https://trezor.io/shamir/
Bitcoin is imaginary in the same way an email is an imaginary letter, or this is an imaginary conversation (we are not talking face to face, people of last century would struggle to understand that I am indeed talking with another person, somewhere in the world, even though I have never seen you, I understand you do exist as a thinking feeling person. Hope you're having a good day :) ).
Thought you might find this insightful. I agree with you on, not your keys not your crypto - this ETF is not the best option for many people, but for some it is perhaps their only and therefore best option: https://www.reddit.com/r/Bitcoin/comments/q6pwtp/michael_say...
I don't assume intent but this comment is disinformation - stable coins are some of the riskiest major assets in the space, since their backing is questionable at best[1], and even those that are "backed" are inescapably custodial with all that entails (lack of censorship resistance being one unavoidable property so long as coins retain any sign of fungibility). I hope they "concentrate on" Bitcoin - which under close examination seems the first time hard money has ever been created.
Yes, DOGE can be borrowed and then sold, to be repurchased later (at a possibly lower price); short positions can be opened. Plenty of DOGE is available for shorting. GPUs currently mining Ethereum can be used instead in a 51% attack against DOGE. No such pile of resources exists that can be redirected to attack Ethereum or Bitcoin.
For me, knowing that a contract will be followed regardless of the wishes of any party involved is very valuable. Knowing that an asset will remain scarce, its issuance predictable, and that I can store it securely at extremely low cost, is very valuable.
As per terms of settlement with NYAG, Tether will be disclosing details of their reserves on a regular basis from now on to NYAG, let's see how fake USDT is - NYAG seem satisfied for now that it is backed by full reserves.
Just so you know, Dogecoin's blockchain is trivial to attack; its ledger can be altered at such low cost it is unlikely several such attacks aren't already underway. Upon publushing of new "longest chains" it will no longer be possible to determine which doge chain is valid, putting all balances in danger until the Proof of Work mechanism is replaced - which will only work briefly before the same problem recurs, due to the nature of how blockchains are secured.
This will demonstrate why Bitcoin and Ethereum are valuable.
More info: https://www.intuitecon.com/post/why-dogecoin-is-going-to-zer...
Tether, the 6th largest cryptocurrency has a market cap of ~$160B, seems pretty "popular" to me.
USDC TUSD and BUSD are further popular examples.
Cryptocurrencies are not MLMs, you would do yourself a huge favour by learning what they are.
In brief, Bitcoin is a scarce asset, and Ethereum is the credit required to run trustless logical conditions relating to a transaction, and also securing assets involved in those conditions.
"with more than 99.6% probability, an adversary with 0.09% of total stake is in a position to execute a 1-reorg for any given day."
Another which could prevent the chain moving forwards indefinitely.
"an adversary controlling 15% of stake can stall PoS Ethereum"