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GENERAL-NEWSBill To Make Bitcoin, Ethereum, Litecoin and Bitcoin Cash Means of Payments for State Agencies Hits New York. (dailyhodl.com)

submitted by Tatakae690 / 45K 🦠

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[–]CointestMod[M] [score hidden] stickied commentlocked comment (16 children)

Pro & con info are in the collapsed comments below for the following topics: Bitcoin, Bitcoin Cash, Ethereum, Litecoin.

[–]Barchelonio47 / 12K 🦐 164 points165 points  (66 children)

Litecoin just can’t die. Love to see it still get’s place with the big boys.

[–]Kappatalizable 104 points105 points  (47 children)

Thats what happens when your coin just works. No ifs no buts, it just does its job

[–]meeleen223121K / 134K 🐋 64 points65 points  (36 children)

Litecoin is actually one of he coins I've actually been using a lot, to send to and from smaller exchanges that don't have popular low fee coins

One word, reliable

[–]pmbuttsonly34K / 34K 🦈 27 points28 points  (8 children)

Agreed, of all the cryptos it’s the only one I’ve actually used for transactions

[–]Lillica_Golden_SHIB2 / 61K 🦠 14 points15 points  (3 children)

100% uptime, small fees, always use it to exchange/convert crypto from one broker to another

[–]JERMYNCPermabanned 8 points9 points  (2 children)

Considers Buying more LTC

[–]Cleafonreddit75 / 4K 🦐 10 points11 points  (1 child)

Went full FOMO into LTC

[–]CleazyCatalystAD3K / 3K 🐢 6 points7 points  (0 children)

XLM works very well for this purpose, as well.

[–]D4rkr4inTin 1 point2 points  (1 child)

well that and monero, for, well things

[–][deleted] 1 point2 points  (0 children)

XMR encapsulates the spirit of crypto

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    [–]DeeperBagsPlatinum | QC: CC 29 4 points5 points  (3 children)

    Might be thinking of another project, but am I right in saying Litecoin has had 0 down time or issues since 2014 (or whenever it launched)?

    [–]Hawke64 11 points12 points  (6 children)

    LTC, NANO, XLM the great trio of cross exchange transactions

    [–]entwithanaxeTin 6 points7 points  (2 children)

    I also did it with DOGE.

    [–]Lillica_Golden_SHIB2 / 61K 🦠 3 points4 points  (0 children)

    These are champions, ALGO also deserves a mention for speed and fees

    [–]Kindly-Wolf69195K / 19K 🐢 0 points1 point  (0 children)

    I'd jus add matic and this list would be complete.

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      [–]Mrs-Lemon0 / 4K 🦠 8 points9 points  (10 children)

      I don’t understand this.

      Why are you sending to and from smaller exchanges? Been in this space for over 8 years and never once did I ever need to do that.

      I just withdraw for free to either my bank account (fiat) or self custody wallet.

      [–]whisky_fox1K / 1K 🐢 15 points16 points  (4 children)

      If you're not in a big country, the crypto experience isn't as smooth. For example, I have to use a local exchange to deposit fiat. They have terrible pricing and significant withdraw fees and minimums. So I convert to xlm or some other cheap to transfer coin transfer from my local exchange to one of the bigger ones. Convert & set up my trade orders then transfer to my wallet. To get fiat back is not something I've bothered with as they want about 10% to deposit fiat into my bank account.

      [–]DjingerTin | Technology 16 4 points5 points  (3 children)

      Do they offer something like the Coinbase/Crypto.com cards in your area?

      People ask me all the time how I'm supposed to buy stuff with crypto and I just tell em "swipe my card".

      [–]whisky_fox1K / 1K 🐢 4 points5 points  (1 child)

      Nah. Comes back to I'd have to use a local onramp, transfer as I do above to a large exchange and then use one of those cards.

      Local volume is real low. I can have a xlm order sitting there well above current rates for half a day sometimes before it goes through.

      [–]Oneloff0 / 5K 🦠 1 point2 points  (0 children)

      Become President and change the laws. Lol

      Reading your comment about how you need to do that already gives me a headache. I’m grateful!

      [–]JERMYNCPermabanned 0 points1 point  (0 children)

      So easy, my grandma could do it. Love Coinbases simplicity. + Current 4% rebate on purchases of XLM

      Using their Card and Buying the dips Im slowly adding to my bags

      [–]basic_user3210 / 1K 🦠 7 points8 points  (3 children)

      Also adding to other answers: bitcoin withdraw from binance is about 30$ extra fee, litecoin about 0.001 ltc.

      This is with a lot of exchanges

      [–]Mrs-Lemon0 / 4K 🦠 0 points1 point  (2 children)

      I would never use an exchange that charges me to withdraw (Except for network fees). I've never even signed up for an exchange that would charge to withdraw and I've been in the game for 8 years.

      $30 to withdraw is insane.

      [–]Gary_FucKing9 / 4K 🦐 2 points3 points  (0 children)

      Besides what the other person said, you might have your bank acct connected to a big, safer exchange but it might not have certain coins/tokens you want, so you deposit fiat into big exchange, convert to something like xlm/algo/ltc, send to smaller exchange where you can then sell for/convert to coin/token you originally wanted.

      [–]Kindly-Wolf69195K / 19K 🐢 1 point2 points  (0 children)

      It is an excellent choice and it has been around a long time. Nothing beats a history of performance and reliability.

      [–]P4CM4N97 1 point2 points  (0 children)

      Y use LTC almost every week. Cheap af and, like you said, reliable. Bullish on Litecoin

      [–]Kappatalizable 1 point2 points  (1 child)

      Eyyy happy cake day my brother in Moons!

      [–]meeleen223121K / 134K 🐋 4 points5 points  (0 children)

      Thanks!! I never knew exactly when it is lol

      If Moons knew how bullish I am on them, they would shine the brightest green on this day

      [–]IKnowWhoYouAreGuyTin | Politics 10 -1 points0 points  (0 children)

      That's why DOGE has always been the real GOAT

      [–]French_physicist 32 points33 points  (6 children)

      Looks like long term, functionality beats marketing. Who would have thought?

      [–]deathbyfish13 21 points22 points  (5 children)

      Wait so you're telling me investing in hype meme coins isn't a solid strategy?

      [–]panjjang 5 points6 points  (3 children)

      No it is! Trust me bro! I heard from a reliable redditor that Dogelon Mars is backed 1:1 by Elon himself.

      [–]Wise_Recover9576130 / 6K 🦀 4 points5 points  (2 children)

      I have a shitcoin backed by 1 shit per coin

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        [–]Kindly-Wolf69195K / 19K 🐢 2 points3 points  (0 children)

        Litecoin Disclaimer: This product works exactly as intended.

        [–][deleted] 0 points1 point  (0 children)

        Thats what happens when your coin just works. No ifs no buts, it just does its job

        Can you provide a list of Bitcoin forks that don't "work fine"?

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          [–]karlizak 4 points5 points  (1 child)

          Litecoin will be around as long as bitcoin is around.

          I made a post that mentioned Litecoin being a good coin earlier. I got DESTROYED. Good times!

          [–]Oneloff0 / 5K 🦠 4 points5 points  (0 children)

          It’s one of those coins that you don’t hear much about. But when it’s mentioned you realize how big the community behind it is.

          [–]Right-Shopping9589Permabanned 5 points6 points  (6 children)

          Litecoin is underrated

          [–]SgtPepe127 / 128 🦀 1 point2 points  (2 children)

          What does it offer that other more advanced blockchains don't? It's included because huge whales hold a bunch of it.

          [–]Master_Ad_9083580 / 581 🦑 2 points3 points  (1 child)

          What it offers is 100% commodity status, available everywhere, longest uptime in crypto, low fees, lightening layer, optional L1 fungibility (privacy), 2nd highest in ATM and Bitpay, NFT , token creation and as is the other day smart contracts. It’s one of the few coins you can buy as much of as you like in Canada, it’s the only coin with property status in China and it’s on this list (unfortunately so is BCH but that’s another thing…)

          lTC’s just very capable and might not be the best at 1 thing and true it does things that others do but it’s a lot quicker to develop than BTC and is a very reliable and flexible coin likely the best all rounder and very undervalued.

          [–]throwawayLouisaPermabanned -2 points-1 points  (0 children)

          How many Lightning nodes does Litecoin have, globally?

          It's ninety eight, isn't it?

          Ninety eight.

          98.

          Globally.

          98.

          https://1ml.com/litecoin/

          [–]DATY49442K / 2K 🐢 -1 points0 points  (2 children)

          Not underrated at all..it's a fork of bitcoin with a slight change in block times lol

          [–]Competitive_Milk_6380 / 2K 🦠 1 point2 points  (0 children)

          It's one of the few good ones.

          [–]Kindly-Wolf69195K / 19K 🐢 -1 points0 points  (0 children)

          Anybody remember Conan the adventurer where the phoenix lived in his shield? BTC is Conan and Litecoin is the phoenix lol.

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            [–]SkoopskiMarvinTin | r/WSB 64 63 points64 points  (25 children)

            I’d you want to know if this bill is going to pass, to take a look at top trending/hottest bills on the congressional website

            WARNING: you will lose all faith in humanity

            [–]Hawke64 42 points43 points  (6 children)

            If you've been following American politics for quite some time, then you have no faith in humanity to begin with

            [–]rootpl20K / 85K 🦈 10 points11 points  (2 children)

            Just pure entertainment.

            [–]Lillica_Golden_SHIB2 / 61K 🦠 2 points3 points  (0 children)

            Better laugh than cry

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              [–]podfather2000 -1 points0 points  (0 children)

              I feel like Americans don't know what a shit show politics are outside of the US. I'm pretty sure a lot of people would love to have the American political system.

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                [–]deathbyfish13 10 points11 points  (4 children)

                I tried but I lost faith in humanity trying to use that website at all. One of the most unintuitive UIs I've seen..

                [–]chunqiudayiTin | 1 month old 2 points3 points  (0 children)

                American politics isn’t a very convincing candidate to represent “humanity”.

                [–][deleted] 1 point2 points  (0 children)

                Where is the link to that?

                [–]whiskey_pancakes152 / 152 🦀 2 points3 points  (3 children)

                All I can tell you is that NYS will do everything it can in order to protect wall street.

                [–]EspressoVagabondTin | 3 months old 2 points3 points  (1 child)

                I was gonna say—isn't NYS one of the least crypto friendly states?

                [–]whiskey_pancakes152 / 152 🦀 0 points1 point  (0 children)

                For sure

                [–]C01n_sh1LL 1 point2 points  (0 children)

                Coinbase is publicly traded and this exact set of coins is what Coinbase offered for years before they started adding a shitcoin every week. So perhaps there is some Wall Street influence here.

                [–]ThatGuyGetsIt -3 points-2 points  (0 children)

                I'm going to remain optimistic. With all of the geriatrics in the mix I strongly believe that we have time on our side. There will be setbacks along the way to be sure, but I'll remain hopeful that we will end up heading in the right direction.

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                  [–]coinfeeds-bot136K / 136K 🐋 23 points24 points  (3 children)

                  tldr; Officials in New York are proposing a bill that would allow state agencies to accept Bitcoin, Bitcoin Cash, and other crypto assets as payment for state services. The bill would also allow the state to charge people with a service fee for making payments in crypto. If passed, the bill would become law 90 days after its approval.

                  This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

                  [–]NotFunnyhah3K / 3K 🐢 3 points4 points  (0 children)

                  Sweet! I love service fees.

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                    [–]vjeva0 / 43K 🦠 65 points66 points  (30 children)

                    Whoever introduced this Bill with these coins has some serious 2015-2018 crypto vibes. I am not sure they really track what is going on in this space lately

                    [–]French_physicist 21 points22 points  (7 children)

                    They do, but using internet explorer

                    [–]Perfect_Ability_11900 / 4K 🦠 11 points12 points  (5 children)

                    With Bing

                    [–]French_physicist 6 points7 points  (3 children)

                    On a Samsung fridge

                    [–]flygoing891 / 988 🦑 2 points3 points  (1 child)

                    That is far too advanced for these people. On a Blackberry is more likely imo

                    [–]Oneloff0 / 5K 🦠 1 point2 points  (0 children)

                    I thought more like a Nokia 3310.

                    [–]maineblackbearBronze | Politics 23 2 points3 points  (0 children)

                    Damn, I heard Samsung fridges were ok. It’s GE dishwashers that truly suck

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                        [–]bittabet23K / 23K 🦈 2 points3 points  (0 children)

                        It’s because these are the least likely to be considered securities

                        [–]jessquit0 / 0 🦠 2 points3 points  (0 children)

                        These are the coins that are most demonstrably not-securities.

                        [–]Mrs-Lemon0 / 4K 🦠 0 points1 point  (4 children)

                        Bitcoin and Litecoin are one of the only cryptos that can actually be a currency as they are two of the few decentralized coins out there.

                        The rest on the list are questionable….highly questionable.

                        I’m curious thinking what you think they should accept..

                        [–]Oneloff0 / 5K 🦠 3 points4 points  (1 child)

                        I like BTC but starting to shift my point of view a bit from it being a usable currency, and more a store of value.

                        As for LTC not a user, but most of what I hear from it is always positive. And it’s always about doing transactions.

                        So I would say LTC is more like a currency but not BTC.

                        [–]grmpfpff1K / 1K 🐢 0 points1 point  (0 children)

                        The rest on the list are questionable….highly questionable.

                        Why?

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                          [–]HomieApathy8K / 9K 🦭 -2 points-1 points  (9 children)

                          Chikun will arise, BCH is dead

                          [–][deleted] 13 points14 points  (0 children)

                          BCH is kicking. Get native tokens update in May.

                          [–]Dixnorkel519 / 519 🦑 12 points13 points  (7 children)

                          It's one of the most user-friendly and scalable cryptocurrencies still existence lol. Plus the features are endless, it's basically what BTC would have been if Blockstream hadn't bottlenecked development and turned Vitalik away from building Ethereum on top of it

                          LTC on the other hand, I haven't used or mined since the network basically shut down during the 2018 sell-off. Charlie Lee announcing that he sold out of his own project (on the day BCH hit Coinbase lol) was the last nail in the coffin for me

                          [–]Loose_Screw_0 / 7K 🦠 -1 points0 points  (6 children)

                          Didnt they just recently implement privacy features in the form of their mimblewimble upgrade?

                          What was the last upgrade BCH did?

                          [–]jessquit0 / 0 🦠 2 points3 points  (0 children)

                          UTXO commitments (superfast new node spinup) double spend proofs, smart contracts, ~1000 tps onchain scaling throughput (still only on testnet)....

                          [–]grmpfpff1K / 1K 🐢 1 point2 points  (4 children)

                          Ahm smart contracts?!

                          [–]Hawke64 -1 points0 points  (3 children)

                          Poor Dashcoin, even crypto dinosaurs don't remember it

                          [–]Perfect_Ability_11900 / 4K 🦠 -2 points-1 points  (0 children)

                          My thoughts exactly

                          [–]Show_Kitchen163 / 163 🦀 35 points36 points  (7 children)

                          This isn't actually a great idea right now.

                          Coming from the compliance world, one of the top ways people get scammed is from fraudsters impersonating municipal agencies and demanding payment in crypto.

                          If this bill goes through, that'll add a veil of legitimacy to this common crypto scam.

                          [–]deathbyfish13 12 points13 points  (1 child)

                          That's going to be the case with any form of adoption though right? I say it's better to do that bandaid off now

                          [–]Lillica_Golden_SHIB2 / 61K 🦠 0 points1 point  (0 children)

                          This. If we would worry about the amount of scams coming along with new technology adoption, we wouldn't encourage any sort of innovation.

                          [–]Hawke64 2 points3 points  (0 children)

                          It is also one step closer to recognizing Bitcoin as legal tender

                          [–]Loose_Screw_0 / 7K 🦠 1 point2 points  (0 children)

                          If you never leave the house, you can't get run over by a car. Should we all stay indoors too?

                          [–]DATY49442K / 2K 🐢 1 point2 points  (0 children)

                          Protect people with education and good software, not by limiting their freedom.

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                            [–]moonRekt11K / 11K 🐬 27 points28 points  (7 children)

                            Bitcoin cash to the moon! Shit on it you want it’s one of the most accepted cryptos out there for merchants. Used it to buy metals, pizza, VPN…

                            [–]DubstepCalrusTin 14 points15 points  (6 children)

                            It's one of the only coins that you can actually use to transfer money for cheap. Yet it gets a bad rep because of Roger ver and also "copying" btc name. Glad to see comments like yours actually getting up voted. A few months back this comment would have negative upvotes .

                            [–]grmpfpff1K / 1K 🐢 2 points3 points  (0 children)

                            Yet it gets a bad rep because of Roger ver and also "copying" btc name.

                            Seriously, that is such outdated btc maxi gospel and doesn't even contain any solid criticism of the fundamentals of BCH.

                            It's just lame tactic to create anti BCH sentiment based on emotions.

                            [–]jessquit0 / 0 🦠 2 points3 points  (0 children)

                            Yet it gets a bad rep because of Roger ver and also "copying" btc name

                            This is one of the things that infuriates me the most.

                            Me, a noob on rbitcoin in 2012: "what's so great about Bitcoin?"

                            Reply: "Bitcoin is novel because it enables sovereignty. That means that nobody can inflate, confiscate, debase, or otherwise change your coins without your explicit consent. Your full node ensures that the entire network behaves according to the rules you enforce."

                            Me: "but what happens if the dev team gets co-opted and sabotages or hijacks the source code in some way?"

                            Reply: "relax, Bitcoin is open source code. If bad people ever get control of the repo, we can just fork the code and keep building Bitcoin. Nobody can debase or modify your coins without your consent."

                            Silly me, I believed that. Then someone figured out how to make my non-consenting node follow a chain that broke the rules I was enforcing. Welp.

                            BCH is what happens when you think people have done a bad thing to the source code so you fork the repo to maintain sovereignty.

                            One day someone might figure out a way to change Bitcoin again in some way that you don't agree with, where your only recourse is to sell or hard fork. Then we can talk more about "sovereignty."

                            I know this comment will bother some people and that is honestly not my intent here. My intent is simply to share my experience in the hopes that it helps others better understand.

                            [–]moonRekt11K / 11K 🐬 -1 points0 points  (2 children)

                            I mean i’m not saying litecoin isn’t probably better, but people pretend it’s never used. Also like when i joined in 2017, when people see Bitcoin’s astronomical price they’ll probably want the knockoff where they can afford a whole coin. Yea i’m sure it might bleed sats over the years/cycles but it acts like an altcoin as well, bigger gains

                            [–]Loose_Screw_0 / 7K 🦠 1 point2 points  (1 child)

                            People thinking that unit cost is relevant has been annoying for too many fucking years at this point.

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                              [–]Marrr_ty12K / 13K 🐬 18 points19 points  (3 children)

                              Eth a form of payment. The gas fee will be more than the ourchase

                              [–]Vivid-Protection51940 / 2K 🦠 13 points14 points  (1 child)

                              it's unbelievable how eth is treated like a currency

                              [–]JuggaliciousMemes 10 points11 points  (1 child)

                              that would be an interesting outcome, but NY be hating everything

                              [–]Lillica_Golden_SHIB2 / 61K 🦠 1 point2 points  (0 children)

                              NY is bipolar af when it comes to crypto

                              [–]CheesebaronPlatinum | QC: XMR 76, BTC 46, CC 20 | r/AMD 126 8 points9 points  (1 child)

                              Ah, New York, the great place known for its openness to crypto!

                              /s

                              [–]johnnydorkoBronze 9 points10 points  (1 child)

                              Bitcoin cash. The little brother that actually processes payments. Love it

                              [–]capistor 2 points3 points  (0 children)

                              It’s the original protocol without the tulip mania.

                              [–]nusk00 / 26K 🦠 6 points7 points  (1 child)

                              Bullish on institution and state Agencies utilizing blockchain for one of their main purpose while simultaneously saving on fees/time from the traditional banking system.

                              [–]Lillica_Golden_SHIB2 / 61K 🦠 1 point2 points  (0 children)

                              This is the future I want to believe in, adoption being pushed by real use cases and blockchain technologies thiriving.

                              [–]Blarghnog1K / 1K 🐢 2 points3 points  (0 children)

                              Strict federally controlled regulatory compliance would follow faster than you could blink.

                              [–]DrPechanko7 / 6K 🦐 2 points3 points  (0 children)

                              or you know. You can just use money.. Useless use case here.

                              You can buy pizza in BTC, as long as it is a taxable event though, who wants the headache of paying for anything in crypto. Baloney news here

                              [–]Duzand2K / 2K 🐢 1 point2 points  (0 children)

                              Why in hell would a state govt take payment with such volatile prices?

                              [–]miraculous-Tin 1 point2 points  (0 children)

                              Who the fuck is Bill

                              [–]Alternative_Log3012443 / 444 🦞 1 point2 points  (0 children)

                              Who is Bill and why is he doing this?

                              [–]JustBreatheBelieve0 / 3K 🦠 1 point2 points  (0 children)

                              I would be very surprised if this passes.

                              [–]Leon41071K / 2K 🐢 1 point2 points  (0 children)

                              More use cases I see.

                              [–]DingDongWhoDis 3 points4 points  (0 children)

                              So New York wants to launder money?

                              /s

                              [–]ACShreds31K / 33K 🦈 4 points5 points  (4 children)

                              "The legislation would also allow the state to charge people with a service fee for making payments in crypto."

                              Welp, that sucks.

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                                [–]panjjang 3 points4 points  (0 children)

                                So states/government want a slice of the pie, yet refuse to pass regulations that protect retail investors.

                                [–]pgh_ski0 / 0 🦠 2 points3 points  (3 children)

                                Awesome. The thing that makes me most excited about crypto (besides all the cool computer science) is really world use cases like this. P2P payments, to anyone anywhere, in a way that's more secure and trust less than traditional banking.

                                [–]orville_w 0 points1 point  (2 children)

                                putting aside the generic crypto marketing language that you copy-pasted ...

                                - which real world P2P payments use-case is exciting to you?

                                [–]pgh_ski0 / 0 🦠 1 point2 points  (1 child)

                                I didn't copy paste this. I do some side work in that space creating educational content so I'm just interested in the computer science...

                                In terms of use cases I think are interesting - international payments is one. For example, I've done tutoring for people in different parts of the world that didn't even tell me their real name. They paid me in Bitcoin without needing to deal with extra fees, and once the payment was confirmed I owned the coins without the possibility of a chargeback.

                                Another one is the possibility of tokenization of real world assets - think digital titles/keys for things like cars instead of dealing with notaries/the DMV.

                                There's downsides though. Since all you need for crypto is the private key, a lot of people get scammed/phished for their credentials and that has the potential to be a security nightmare if developers don't come up with a better solution. It's a huge problem right now.

                                [–]orville_w 1 point2 points  (0 children)

                                I run 'Product Mgmt, design & marketing' here in Silicon Valley. My specialty is in complex Data Platforms, Data science, Data systems (so bitcoin tech is very much in my wheelhouse). I spend a lot of time talking to users & customers about use-cases, workflows, value-props exposed from within a product & In-product experiences that drive adoption + growth from coded-in features. I spend a lot of time evaluating products & tech stacks to acquire, leverage & partner with. So I know how to asses a products viability & value to users.

                                What I see in the bitcoin space is...

                                - a heck of a lot of crappy 'engineer designed' crypto products that look+feel like they have no Product Mgmt leadership. That have really crappy (and "non-existent") user experiences. (just look at the wallet space, its a mess).

                                - In cryptoland, most crypto products feel like they're defined & designed by 'engineers only' who just want to be writing web3.0 crypto code... but they fantasize about millions of customers using & adopting their code b/c they wrote it. Most of those products are weird, clunky, confusing, overly-complex, riddled with security exposures & filled with usability dead-ends that drive users insane and away from the product. Not draw consumers into it & make the fall-in-love with it.

                                - basically, bitcoin products are devoid of the beauty of something like smartphone style value-props & a delicious iPhone value focused experience.

                                - bitcoin use-cases are under developed, under discussed, have weak rationale underpinning them, are fragile when debated, can be easily refuted or torn down, have conflating supporting cult-like arguments supporting them. Use-case discussion quickly devolve down into bigoted rants about the cool web3.0 tech, the code, the protocols, the stack, the web3.0 dev methodologies blah blah blah.

                                - this problem is hat experienced PM's call "bit-twiddling". / i.e. telling a user how cool the tech is when you should be explaining how the coded-in features derive value for the user & that you really understand their use-case, workflows, the Job that the user is trying to do and the problem that the user is trying to solve.

                                [–]The_Goondocks418 / 765 🦞 5 points6 points  (17 children)

                                Bitcoin Cash?

                                [–]dinopawnz 3 points4 points  (1 child)

                                Bitcoin Cash is the cheapest payment method out of all the coins listed here...cheaper than litecoin even...

                                [–]gnomezaTin 16 points17 points  (13 children)

                                Means of payments

                                BCH is great for payments. It just works.

                                [–]mwdeuce360 / 359 🦞 -1 points0 points  (0 children)

                                You remember BCash, Jihan Wu's failed attempt to keep his asic-boost advantage? The same bcash that had a bunch of nefarious actors spamming the shit out of BTC to try and bloat the chain for probably over a year? Yes that one.

                                [–]Wabi-Sabibitch89 / 96K 🦐 1 point2 points  (0 children)

                                I don't think a lot of people here realise what a bill is. It hasn't passed yet.

                                [–]dehydratedbagel0 / 0 🦠 1 point2 points  (1 child)

                                No shot this would be federally legal as it undermines the entire monetary system.

                                [–]Castr0- 0 points1 point  (0 children)

                                They should add more assets to that bill. They go all together

                                [–]One13Truck16 / 17 🦐 0 points1 point  (0 children)

                                Bitcoin Cash? Nice to see NY being outstanding as always.

                                [–]InfoTechLawyerPlatinum | QC: XMR 25, CC 15 | VET 8 0 points1 point  (0 children)

                                Would love to see the debates during hearings on this bill. The State agencies would probably be bringing in the arguments we all know and would love to hear. The debates here will reflect debates on a national level as well.

                                [–]--Quartz--0 / 2K 🦠 -2 points-1 points  (0 children)

                                These kind of bills are a great metric to see how much legislation lags behind tech and new developments.

                                [–]lordchickenburger3K / 3K 🐢 -2 points-1 points  (1 child)

                                litecoin and dogecoin the og coins theyll never die

                                [–]capistor -1 points0 points  (0 children)

                                Doge will always be entertainment.

                                [–]Psymonex58 / 58 🦐 -5 points-4 points  (0 children)

                                BCH WHY😭

                                [–]Shamgar650 / 3K 🦠 -1 points0 points  (2 children)

                                Let's gooo!

                                Maybe we don't need to fear regulation after all :P

                                [–]SadboiiyBronze -1 points0 points  (0 children)

                                I don't even feel bullish on news like this. Any politician can try to pass a new bill.

                                I'll be happy when it passes.

                                [–]SIMPLE_C_AS_CAN_B12 / 2 🦐 -1 points0 points  (0 children)

                                Why would litecoin be included in this? What feature or benefit does it deliver that can’t be accomplished with bitcoin or Ethereum??

                                [–]genevalles -1 points0 points  (1 child)

                                It would be ideal since it is no secret that these and other cryptocurrencies are the basis of many people's economies. This action would lighten processes. However, knowing the fear of governments for DeFi, I do not see it as achievable.

                                [–]Dusk2-0884 / 881 🦑 -1 points0 points  (0 children)

                                Good news!

                                [–]LoneWolf124875Bronze -1 points0 points  (0 children)

                                The legislation would also allow the state to charge people with a service fee for making payments in crypto. If passed, the bill would become law 90 days after its approval.

                                The technology already exists, without having to give the state money. $Amp forever.

                                [–][deleted] -1 points0 points  (0 children)

                                Amazing news! Really really good.

                                [–]postmaster123123Tin -1 points0 points  (0 children)

                                why is XRP not on that list?

                                [–]Fantastic-Offer-9129Permabanned -1 points0 points  (0 children)

                                Need to push these..

                                [–]bubbawears1K / 1K 🐢 -5 points-4 points  (0 children)

                                Great idea! Let's use the coins that were developed to NOT be for payment and ignore the rest.

                                [–]Bet-ScaryPlatinum | QC: CC 92, ETH 18 | GMEJungle 5 | Superstonk 385 -5 points-4 points  (0 children)

                                Will never use any of those sh*tcoins again.

                                [–]ChaoticNeutralNephewPermabanned -2 points-1 points  (1 child)

                                How would this work in reality? Would they cash it to Fiat immediately?

                                [–]jwrig68 / 68 🦐 -1 points0 points  (0 children)

                                They would have to.

                                [–]polloponzi0 / 5K 🦠 -3 points-2 points  (0 children)

                                Onylt Bitcoin please. Keep the other shitcoins away from legal-tender matters, those are just securities.

                                [–]ColbusMaximus16 / 16 🦐 -4 points-3 points  (0 children)

                                There are better options out there but nobody wants to hear that so

                                [–]JazHeadburnTin | CRO 10 | ExchSubs 10 -5 points-4 points  (0 children)

                                LTC and bcash. 🤣

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                                [–]big13lackliz4rdPermabanned 0 points1 point  (1 child)

                                So my left over shiba inu could be turned into a hotdog?

                                [–]DeathHopper2K / 2K 🐢 0 points1 point  (3 children)

                                This would be way funnier if they included a random shitcoin like dongcoin or some shit.

                                [–]mwdeuce360 / 359 🦞 0 points1 point  (1 child)

                                might as well since they've included bcash

                                load more comments (1 reply)

                                  [–]mishaogPermabanned 0 points1 point  (0 children)

                                  They can make as many bills they want, but they never are approved

                                  [–]UJ_Reddit0 / 10K 🦠 0 points1 point  (0 children)

                                  Bullish news staked on top of more bullish news. About time!!

                                  [–]blackmage1582Tin | Politics 13 0 points1 point  (0 children)

                                  Any crypto adoption w/in USA at the state level would be a HUGE step towards getting feds out of the way and corporations under control...

                                  [–]NotFunnyhah3K / 3K 🐢 0 points1 point  (0 children)

                                  Hope they get a bit license

                                  load more comments (18 replies)