cnrdvln
Junior Member
🗨️ 1,404
👍🏻 1,489
February 2017
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Bitcoin, by cnrdvln on Jan 8, 2018 14:41:18 GMT 1, Anyone with experience working with the 'signals' private groups?
Myself and 2 friends are putting 1k each from our profits into the next 2 signals we get as a trial out of curiosity. More than likely shitecoins that will 10x or similar.
Will let you guys know how we get on for the laugh or if anyone has ever followed their advice let me know what you think.
I don't buy into it fully as it's a hype train mechanism but I'm getting ichy fingers with current portfolio 
Anyone with experience working with the 'signals' private groups? Myself and 2 friends are putting 1k each from our profits into the next 2 signals we get as a trial out of curiosity. More than likely shitecoins that will 10x or similar. Will let you guys know how we get on for the laugh or if anyone has ever followed their advice let me know what you think. I don't buy into it fully as it's a hype train mechanism but I'm getting ichy fingers with current portfolio |
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moron
Junior Member
🗨️ 2,711
👍🏻 1,051
September 2017
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Bitcoin, by moron on Jan 9, 2018 12:39:28 GMT 1, Has no one on this forum ever heard of google before? Sometimes it’s nice to get a human response as I’m sure you will enjoy this response too
Plus as FR pointed out, Google, do research and read as many reviews as possible to look for the traps.
Has no one on this forum ever heard of google before? Sometimes it’s nice to get a human response as I’m sure you will enjoy this response too I'd feel more confident getting a response on a Bitcoin forum like bitcointalk.org/ than on here. Plus as FR pointed out, Google, do research and read as many reviews as possible to look for the traps. |
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moron
Junior Member
🗨️ 2,711
👍🏻 1,051
September 2017
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Bitcoin, by moron on Jan 9, 2018 12:45:46 GMT 1, This might be useful to some. A Curated list of cryptocurrencies forgotten by this world. deadcoins.com/
It looks like anyone can create virtual currency.
This might be useful to some. A Curated list of cryptocurrencies forgotten by this world. deadcoins.com/ It looks like anyone can create virtual currency. |
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londonfx
Junior Member
🗨️ 1,163
👍🏻 707
December 2013
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Bitcoin
Jan 9, 2018 12:57:02 GMT 1
via mobile
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gd79
Junior Member
🗨️ 1,132
👍🏻 1,221
September 2015
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Bitcoin
Jan 9, 2018 13:20:41 GMT 1
via mobile
Bitcoin, by gd79 on Jan 9, 2018 13:20:41 GMT 1, This might be useful to some. A Curated list of cryptocurrencies forgotten by this world. deadcoins.com/ It looks like anyone can create virtual currency.
They:ll all join this list eventually. Just a matter of time... None of it has any intrinsic value.
This might be useful to some. A Curated list of cryptocurrencies forgotten by this world. deadcoins.com/ It looks like anyone can create virtual currency. They:ll all join this list eventually. Just a matter of time... None of it has any intrinsic value. |
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Leo Boyd
Artist
Junior Member
🗨️ 1,476
👍🏻 2,090
June 2016
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Bitcoin, by Leo Boyd on Jan 9, 2018 22:05:17 GMT 1, I don't know why I have decided to add to this thread as I ought to just keep my mouth shut
but I can't
I am all into people making money. But surely one of the reasons our civilisation is in the hole that it is is that people are not investing in things that will make a positive change. I know there isn't a huge amount to be made on this kind of investment in the short term but short termism is one of the reasons we are in this fookin mess in the first place.
anyway this brings me to this clip from 76 which sums up a lot of shit
hope everyone is enjoying a good start to the new year
Leo
I don't know why I have decided to add to this thread as I ought to just keep my mouth shut
but I can't
I am all into people making money. But surely one of the reasons our civilisation is in the hole that it is is that people are not investing in things that will make a positive change. I know there isn't a huge amount to be made on this kind of investment in the short term but short termism is one of the reasons we are in this fookin mess in the first place.
anyway this brings me to this clip from 76 which sums up a lot of shit
hope everyone is enjoying a good start to the new year
Leo
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Leo Boyd
Artist
Junior Member
🗨️ 1,476
👍🏻 2,090
June 2016
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Bitcoin, by Leo Boyd on Jan 9, 2018 22:36:03 GMT 1, This might be useful to some. A Curated list of cryptocurrencies forgotten by this world. deadcoins.com/ It looks like anyone can create virtual currency. They:ll all join this list eventually. Just a matter of time... None of it has any intrinsic value.
This might be useful to some. A Curated list of cryptocurrencies forgotten by this world. deadcoins.com/ It looks like anyone can create virtual currency. They:ll all join this list eventually. Just a matter of time... None of it has any intrinsic value. yeah thats all fair and well but only if you factor in all the other currencies of the world. Money has no intrinsic value only assigned value. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Bitcoin, by Deleted on Jan 9, 2018 22:54:34 GMT 1, This might be useful to some. A Curated list of cryptocurrencies forgotten by this world. deadcoins.com/ It looks like anyone can create virtual currency. They:ll all join this list eventually. Just a matter of time... None of it has any intrinsic value. 
Edit: Also what Leo Boyd said
This might be useful to some. A Curated list of cryptocurrencies forgotten by this world. deadcoins.com/ It looks like anyone can create virtual currency. They:ll all join this list eventually. Just a matter of time... None of it has any intrinsic value. I'd advice you to read up on crypto and the projects being developed in the field, but I think you are too far gone after such a statement Edit: Also what Leo Boyd said |
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ca
Junior Member
🗨️ 1,925
👍🏻 2,375
March 2011
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Bitcoin, by ca on Jan 10, 2018 4:00:07 GMT 1, i know some were having the discussion about using the blockchain technology for the art market, to legitimize the transactions and COAs, looklateral with Dragonchain is doing an ico for this very soon, looks interesting
i know some were having the discussion about using the blockchain technology for the art market, to legitimize the transactions and COAs, looklateral with Dragonchain is doing an ico for this very soon, looks interesting
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Deleted
🗨️ 0
👍🏻
January 1970
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Bitcoin, by Deleted on Jan 10, 2018 4:05:08 GMT 1, i know some were having the discussion about using the blockchain technology for the art market, to legitimize the transactions and COAs, looklateral with Dragonchain is doing an ico for this very soon, looks interesting
i know some were having the discussion about using the blockchain technology for the art market, to legitimize the transactions and COAs, looklateral with Dragonchain is doing an ico for this very soon, looks interesting Yeah that's actually interesting. A tradable ownership token on the blockchain for everything that needs COA's. Gonna look into that one, thanks. |
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cmc
New Member
🗨️ 380
👍🏻 279
July 2013
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Bitcoin, by cmc on Jan 10, 2018 4:56:28 GMT 1, i know some were having the discussion about using the blockchain technology for the art market, to legitimize the transactions and COAs, looklateral with Dragonchain is doing an ico for this very soon, looks interesting Yeah that's actually interesting. A tradable ownership token on the blockchain for everything that needs COA's. Gonna look into that one, thanks.
www.verisart.com/
Not sure why you need an ICO or tradeable token for it. Unless by tradeable ownership token you mean COA?
i know some were having the discussion about using the blockchain technology for the art market, to legitimize the transactions and COAs, looklateral with Dragonchain is doing an ico for this very soon, looks interesting Yeah that's actually interesting. A tradable ownership token on the blockchain for everything that needs COA's. Gonna look into that one, thanks. Not sure why you need an ICO or tradeable token for it. Unless by tradeable ownership token you mean COA? |
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RoboJ
Artist
Junior Member
🗨️ 1,202
👍🏻 1,332
July 2015
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Bitcoin
Jan 10, 2018 11:00:29 GMT 1
Bitcoin, by RoboJ on Jan 10, 2018 11:00:29 GMT 1, Kodak are creating their own coin for a similar reason. To create a global ledger for image rights. This surely could cover COA's too.
www.bbc.co.uk/news/technology-42630136
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gd79
Junior Member
🗨️ 1,132
👍🏻 1,221
September 2015
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Bitcoin
Jan 10, 2018 13:05:53 GMT 1
via mobile
Bitcoin, by gd79 on Jan 10, 2018 13:05:53 GMT 1, They:ll all join this list eventually. Just a matter of time... None of it has any intrinsic value. I'd advice you to read up on crypto and the projects being developed in the field, but I think you are too far gone after such a statement Edit: Also what Leo Boyd said
Indeed.. I'm not saying the technology has no value, just the lions share of the existing block of currencies.
None can have value when they are inefficient to transact, an ineffective store of wealth and not fully secure over time.
And all domestic currencies have value. They are backed by the faith and taxation base of the country. That means nothing in some markets and everything in others, agreed.
They:ll all join this list eventually. Just a matter of time... None of it has any intrinsic value. I'd advice you to read up on crypto and the projects being developed in the field, but I think you are too far gone after such a statement Edit: Also what Leo Boyd said Indeed.. I'm not saying the technology has no value, just the lions share of the existing block of currencies. None can have value when they are inefficient to transact, an ineffective store of wealth and not fully secure over time. And all domestic currencies have value. They are backed by the faith and taxation base of the country. That means nothing in some markets and everything in others, agreed. |
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moron
Junior Member
🗨️ 2,711
👍🏻 1,051
September 2017
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Bitcoin
Jan 10, 2018 16:59:59 GMT 1
Bitcoin, by moron on Jan 10, 2018 16:59:59 GMT 1, Wasn't the pound sterling originally guaranteeing one pound of sterling silver?
I don't know about todays banking system and paper currency, whether it has any real value apart from being a form of exchange for goods or services etc. On it's own a 1 dollar bill or a 100 dollar bill is just a piece of printed paper. The difference I see with bitcoin is that a 1 dollar bill clearly has it's worth printed on it. One has a good idea of what a dollar will buy in five years give or take inflation. Whereas a Bitcoin does not have it's worth attached to it. What gives bitcoin it's value is this virtual mining and base don a maximum of 21 million bitcoins being mine in total. Mining is a very misleading description, designed to attract speculators. In theory once all 21 million bitcoins have been produced the value of a bitcoin should be a lot lower to todays value.
A bitcoin today is worth about the same as a banksy print.
Once all 21 mllion bitcoins have been mined are people still going to be buying them up for more and more money. I very much doubt it. I doubt it even more if people who invest in bitcoins have to register their personal details before being allowed to sign up which is a proposal by the EU. Once all 21 million bitcoins have been created, who is going to use them and for what? North Korea maybe.
Technology moves fast and in ten years from now bitcoin and the blockchain will be obsolute.
Bitcoin and art. Well worth a read.
www.artnome.com/news/2018/1/6/interview-with-the-man-behind-the-richard-prince-ready-made-token
Wasn't the pound sterling originally guaranteeing one pound of sterling silver? I don't know about todays banking system and paper currency, whether it has any real value apart from being a form of exchange for goods or services etc. On it's own a 1 dollar bill or a 100 dollar bill is just a piece of printed paper. The difference I see with bitcoin is that a 1 dollar bill clearly has it's worth printed on it. One has a good idea of what a dollar will buy in five years give or take inflation. Whereas a Bitcoin does not have it's worth attached to it. What gives bitcoin it's value is this virtual mining and base don a maximum of 21 million bitcoins being mine in total. Mining is a very misleading description, designed to attract speculators. In theory once all 21 million bitcoins have been produced the value of a bitcoin should be a lot lower to todays value. A bitcoin today is worth about the same as a banksy print. Once all 21 mllion bitcoins have been mined are people still going to be buying them up for more and more money. I very much doubt it. I doubt it even more if people who invest in bitcoins have to register their personal details before being allowed to sign up which is a proposal by the EU. Once all 21 million bitcoins have been created, who is going to use them and for what? North Korea maybe. Technology moves fast and in ten years from now bitcoin and the blockchain will be obsolute. Bitcoin and art. Well worth a read. www.artnome.com/news/2018/1/6/interview-with-the-man-behind-the-richard-prince-ready-made-token |
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Deleted
🗨️ 0
👍🏻
January 1970
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Bitcoin
Jan 10, 2018 18:06:44 GMT 1
Bitcoin, by Deleted on Jan 10, 2018 18:06:44 GMT 1, Wasn't the pound sterling originally guaranteeing one pound of sterling silver? I don't know about todays banking system and paper currency, whether it has any real value apart from being a form of exchange for goods or services etc. On it's own a 1 dollar bill or a 100 dollar bill is just a piece of printed paper. The difference I see with bitcoin is that a 1 dollar bill clearly has it's worth printed on it. One has a good idea of what a dollar will buy in five years give or take inflation. Whereas a Bitcoin does not have it's worth attached to it. What gives bitcoin it's value is this virtual mining and base don a maximum of 21 million bitcoins being mine in total. Mining is a very misleading description, designed to attract speculators. In theory once all 21 million bitcoins have been produced the value of a bitcoin should be a lot lower to todays value. A bitcoin today is worth about the same as a banksy print. Once all 21 mllion bitcoins have been mined are people still going to be buying them up for more and more money. I very much doubt it. I doubt it even more if people who invest in bitcoins have to register their personal details before being allowed to sign up which is a proposal by the EU. Once all 21 million bitcoins have been created, who is going to use them and for what? North Korea maybe. Technology moves fast and in ten years from now bitcoin and the blockchain will be obsolute. Bitcoin and art. Well worth a read. www.artnome.com/news/2018/1/6/interview-with-the-man-behind-the-richard-prince-ready-made-token
So sorry man but you really have no idea what you are talking about.
Edit: don't take it as a diss but as a reason to educate yourself about important upcoming tech. Also mining is not just about 'creating bitcoin', it's also processing transactions on the network.
Wasn't the pound sterling originally guaranteeing one pound of sterling silver? I don't know about todays banking system and paper currency, whether it has any real value apart from being a form of exchange for goods or services etc. On it's own a 1 dollar bill or a 100 dollar bill is just a piece of printed paper. The difference I see with bitcoin is that a 1 dollar bill clearly has it's worth printed on it. One has a good idea of what a dollar will buy in five years give or take inflation. Whereas a Bitcoin does not have it's worth attached to it. What gives bitcoin it's value is this virtual mining and base don a maximum of 21 million bitcoins being mine in total. Mining is a very misleading description, designed to attract speculators. In theory once all 21 million bitcoins have been produced the value of a bitcoin should be a lot lower to todays value. A bitcoin today is worth about the same as a banksy print. Once all 21 mllion bitcoins have been mined are people still going to be buying them up for more and more money. I very much doubt it. I doubt it even more if people who invest in bitcoins have to register their personal details before being allowed to sign up which is a proposal by the EU. Once all 21 million bitcoins have been created, who is going to use them and for what? North Korea maybe. Technology moves fast and in ten years from now bitcoin and the blockchain will be obsolute. Bitcoin and art. Well worth a read. www.artnome.com/news/2018/1/6/interview-with-the-man-behind-the-richard-prince-ready-made-token The estimate is 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 satoshis. So sorry man but you really have no idea what you are talking about. Edit: don't take it as a diss but as a reason to educate yourself about important upcoming tech. Also mining is not just about 'creating bitcoin', it's also processing transactions on the network. |
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moron
Junior Member
🗨️ 2,711
👍🏻 1,051
September 2017
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Bitcoin
Jan 10, 2018 18:35:44 GMT 1
Bitcoin, by moron on Jan 10, 2018 18:35:44 GMT 1, Wasn't the pound sterling originally guaranteeing one pound of sterling silver? I don't know about todays banking system and paper currency, whether it has any real value apart from being a form of exchange for goods or services etc. On it's own a 1 dollar bill or a 100 dollar bill is just a piece of printed paper. The difference I see with bitcoin is that a 1 dollar bill clearly has it's worth printed on it. One has a good idea of what a dollar will buy in five years give or take inflation. Whereas a Bitcoin does not have it's worth attached to it. What gives bitcoin it's value is this virtual mining and base don a maximum of 21 million bitcoins being mine in total. Mining is a very misleading description, designed to attract speculators. In theory once all 21 million bitcoins have been produced the value of a bitcoin should be a lot lower to todays value. A bitcoin today is worth about the same as a banksy print. Once all 21 mllion bitcoins have been mined are people still going to be buying them up for more and more money. I very much doubt it. I doubt it even more if people who invest in bitcoins have to register their personal details before being allowed to sign up which is a proposal by the EU. Once all 21 million bitcoins have been created, who is going to use them and for what? North Korea maybe. Technology moves fast and in ten years from now bitcoin and the blockchain will be obsolute. Bitcoin and art. Well worth a read. www.artnome.com/news/2018/1/6/interview-with-the-man-behind-the-richard-prince-ready-made-token The estimate is 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 satoshis. So sorry man but you really have no idea what you are talking about. Edit: don't take it as a diss but as a reason to educate yourself about important upcoming tech. Also mining is not just about 'creating bitcoin', it's also processing transactions on the network.
Plus who are you quoting that is doing this estimating?
Mining at the moment to the general public has nothing to do with transactions and a network. A big percentage of people investing in bitcoin have been caught up in the hype and don't care or know about processing transactions with bitcoin.
What about litecoin etc for processing transactions. Bitcoin is not unique.
In four years from now for all we know, bitcoin might not exist,or something else could replace it.
The whole point of bitcoin was that it enabled anonymous transactions and an alternative to the mainstream banking system but to cash out people still have to use the banking system. As more people began to use it, the scarcity based on bitcoin mining meant that its value was raised and promoted as an investment in itself.
Lets say in the future there are 21 million bitcoins that can be used for making online transactions and one billion people who want to use bitcoin for online transactions of actual goods or services and that a few very wealthy people own most of the 21 million bitcoins. As often happens. I know bitcoins can be transacted in fractions of a bitcoin. For example if I wanted to buy a pair of sneeky weezy jeezy supreme trainers for a hundred dollars, why would I bother going through all the bitcoin wallet stuff converting dollars to bitcoin when I can just buy the trainers online using dollars etc? So basically there will be people selling stuff and only accepting payments in bitcoin. I don't see the long term potential for bitcoin.
I can see the tech or spinoffs in the future which will have no connection with bitcoin. To me bitcoin looks just like a pump and dump.
Wasn't the pound sterling originally guaranteeing one pound of sterling silver? I don't know about todays banking system and paper currency, whether it has any real value apart from being a form of exchange for goods or services etc. On it's own a 1 dollar bill or a 100 dollar bill is just a piece of printed paper. The difference I see with bitcoin is that a 1 dollar bill clearly has it's worth printed on it. One has a good idea of what a dollar will buy in five years give or take inflation. Whereas a Bitcoin does not have it's worth attached to it. What gives bitcoin it's value is this virtual mining and base don a maximum of 21 million bitcoins being mine in total. Mining is a very misleading description, designed to attract speculators. In theory once all 21 million bitcoins have been produced the value of a bitcoin should be a lot lower to todays value. A bitcoin today is worth about the same as a banksy print. Once all 21 mllion bitcoins have been mined are people still going to be buying them up for more and more money. I very much doubt it. I doubt it even more if people who invest in bitcoins have to register their personal details before being allowed to sign up which is a proposal by the EU. Once all 21 million bitcoins have been created, who is going to use them and for what? North Korea maybe. Technology moves fast and in ten years from now bitcoin and the blockchain will be obsolute. Bitcoin and art. Well worth a read. www.artnome.com/news/2018/1/6/interview-with-the-man-behind-the-richard-prince-ready-made-token The estimate is 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 satoshis. So sorry man but you really have no idea what you are talking about. Edit: don't take it as a diss but as a reason to educate yourself about important upcoming tech. Also mining is not just about 'creating bitcoin', it's also processing transactions on the network. are you saying that bitcoin will be worth $2140 in four years time? Plus who are you quoting that is doing this estimating? Mining at the moment to the general public has nothing to do with transactions and a network. A big percentage of people investing in bitcoin have been caught up in the hype and don't care or know about processing transactions with bitcoin. What about litecoin etc for processing transactions. Bitcoin is not unique. In four years from now for all we know, bitcoin might not exist,or something else could replace it. The whole point of bitcoin was that it enabled anonymous transactions and an alternative to the mainstream banking system but to cash out people still have to use the banking system. As more people began to use it, the scarcity based on bitcoin mining meant that its value was raised and promoted as an investment in itself. Lets say in the future there are 21 million bitcoins that can be used for making online transactions and one billion people who want to use bitcoin for online transactions of actual goods or services and that a few very wealthy people own most of the 21 million bitcoins. As often happens. I know bitcoins can be transacted in fractions of a bitcoin. For example if I wanted to buy a pair of sneeky weezy jeezy supreme trainers for a hundred dollars, why would I bother going through all the bitcoin wallet stuff converting dollars to bitcoin when I can just buy the trainers online using dollars etc? So basically there will be people selling stuff and only accepting payments in bitcoin. I don't see the long term potential for bitcoin. I can see the tech or spinoffs in the future which will have no connection with bitcoin. To me bitcoin looks just like a pump and dump. |
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Deleted
🗨️ 0
👍🏻
January 1970
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Bitcoin
Jan 10, 2018 18:41:57 GMT 1
Bitcoin, by Deleted on Jan 10, 2018 18:41:57 GMT 1, The estimate is 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 satoshis. So sorry man but you really have no idea what you are talking about. Edit: don't take it as a diss but as a reason to educate yourself about important upcoming tech. Also mining is not just about 'creating bitcoin', it's also processing transactions on the network. are you saying that bitcoin will be worth $2140 in four years time? Plus who are you quoting that is doing this estimating? Mining at the moment to the general public has nothing to do with transactions and a network. A big percentage of people investing in bitcoin have been caught up in the hype and don't care or know about processing transactions with bitcoin. What about litecoin etc for processing transactions. Bitcoin is not unique. In four years from now for all we know, bitcoin might not exist,or something else could replace it. The whole point of bitcoin was that it enabled anonymous transactions and an alternative to the mainstream banking system but to cash out people still have to use the banking system. As more people began to use it, the scarcity based on bitcoin mining meant that its value was raised and promoted as an investment in itself. Lets say in the future there are 21 million bitcoins that can be used for making online transactions and one billion people who want to use bitcoin for online transactions of actual goods or services and that a few very wealthy people own most of the 21 million bitcoins. As often happens. I know bitcoins can be transacted in fractions of a bitcoin. For example if I wanted to buy a pair of sneeky weezy jeezy supreme trainers for a hundred dollars, why would I bother going through all the bitcoin wallet stuff converting dollars to bitcoin when I can just buy the trainers online using dollars etc? So basically there will be people selling stuff and only accepting payments in bitcoin. I don't see the long term potential for bitcoin. I can see the tech or spinoffs in the future which will have no connection with bitcoin. To me bitcoin looks just like a pump and dump.
The estimate is 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 satoshis. So sorry man but you really have no idea what you are talking about. Edit: don't take it as a diss but as a reason to educate yourself about important upcoming tech. Also mining is not just about 'creating bitcoin', it's also processing transactions on the network. are you saying that bitcoin will be worth $2140 in four years time? Plus who are you quoting that is doing this estimating? Mining at the moment to the general public has nothing to do with transactions and a network. A big percentage of people investing in bitcoin have been caught up in the hype and don't care or know about processing transactions with bitcoin. What about litecoin etc for processing transactions. Bitcoin is not unique. In four years from now for all we know, bitcoin might not exist,or something else could replace it. The whole point of bitcoin was that it enabled anonymous transactions and an alternative to the mainstream banking system but to cash out people still have to use the banking system. As more people began to use it, the scarcity based on bitcoin mining meant that its value was raised and promoted as an investment in itself. Lets say in the future there are 21 million bitcoins that can be used for making online transactions and one billion people who want to use bitcoin for online transactions of actual goods or services and that a few very wealthy people own most of the 21 million bitcoins. As often happens. I know bitcoins can be transacted in fractions of a bitcoin. For example if I wanted to buy a pair of sneeky weezy jeezy supreme trainers for a hundred dollars, why would I bother going through all the bitcoin wallet stuff converting dollars to bitcoin when I can just buy the trainers online using dollars etc? So basically there will be people selling stuff and only accepting payments in bitcoin. I don't see the long term potential for bitcoin. I can see the tech or spinoffs in the future which will have no connection with bitcoin. To me bitcoin looks just like a pump and dump. No, the year the last bitcoin will be mined is 2140. Also the general public doesn't mine bitcoin, they can't without very specific hardware. I stopped reading your post after that because you just don't know what you are talking about and I would really advise you to read up on the subject if you want to form a more informed opinion. |
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moron
Junior Member
🗨️ 2,711
👍🏻 1,051
September 2017
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Bitcoin
Jan 10, 2018 19:02:36 GMT 1
Bitcoin, by moron on Jan 10, 2018 19:02:36 GMT 1, are you saying that bitcoin will be worth $2140 in four years time? Plus who are you quoting that is doing this estimating? Mining at the moment to the general public has nothing to do with transactions and a network. A big percentage of people investing in bitcoin have been caught up in the hype and don't care or know about processing transactions with bitcoin. What about litecoin etc for processing transactions. Bitcoin is not unique. In four years from now for all we know, bitcoin might not exist,or something else could replace it. The whole point of bitcoin was that it enabled anonymous transactions and an alternative to the mainstream banking system but to cash out people still have to use the banking system. As more people began to use it, the scarcity based on bitcoin mining meant that its value was raised and promoted as an investment in itself. Lets say in the future there are 21 million bitcoins that can be used for making online transactions and one billion people who want to use bitcoin for online transactions of actual goods or services and that a few very wealthy people own most of the 21 million bitcoins. As often happens. I know bitcoins can be transacted in fractions of a bitcoin. For example if I wanted to buy a pair of sneeky weezy jeezy supreme trainers for a hundred dollars, why would I bother going through all the bitcoin wallet stuff converting dollars to bitcoin when I can just buy the trainers online using dollars etc? So basically there will be people selling stuff and only accepting payments in bitcoin. I don't see the long term potential for bitcoin. I can see the tech or spinoffs in the future which will have no connection with bitcoin. To me bitcoin looks just like a pump and dump. No, the year the last bitcoin will be mined is 2140. Also the general public doesn't mine bitcoin, they can't without very specific hardware. I stopped reading your post after that because you just don't know what you are talking about and I would really advise you to read up on the subject if you want to form a more informed opinion.
Bitcoin wont exist in 2140.
Bitcoin can be mined but the cost for electricity makes it too expensive which is why lots of people are hijacking other peoples cpu's and electricity when they connect to certain websites. If you can avoid paying for electricity the equipment to mine bitcoins is easily available.
You can educate me here. Have you invested in bitcoin to make a profit from reselling bitcoin?
are you saying that bitcoin will be worth $2140 in four years time? Plus who are you quoting that is doing this estimating? Mining at the moment to the general public has nothing to do with transactions and a network. A big percentage of people investing in bitcoin have been caught up in the hype and don't care or know about processing transactions with bitcoin. What about litecoin etc for processing transactions. Bitcoin is not unique. In four years from now for all we know, bitcoin might not exist,or something else could replace it. The whole point of bitcoin was that it enabled anonymous transactions and an alternative to the mainstream banking system but to cash out people still have to use the banking system. As more people began to use it, the scarcity based on bitcoin mining meant that its value was raised and promoted as an investment in itself. Lets say in the future there are 21 million bitcoins that can be used for making online transactions and one billion people who want to use bitcoin for online transactions of actual goods or services and that a few very wealthy people own most of the 21 million bitcoins. As often happens. I know bitcoins can be transacted in fractions of a bitcoin. For example if I wanted to buy a pair of sneeky weezy jeezy supreme trainers for a hundred dollars, why would I bother going through all the bitcoin wallet stuff converting dollars to bitcoin when I can just buy the trainers online using dollars etc? So basically there will be people selling stuff and only accepting payments in bitcoin. I don't see the long term potential for bitcoin. I can see the tech or spinoffs in the future which will have no connection with bitcoin. To me bitcoin looks just like a pump and dump. No, the year the last bitcoin will be mined is 2140. Also the general public doesn't mine bitcoin, they can't without very specific hardware. I stopped reading your post after that because you just don't know what you are talking about and I would really advise you to read up on the subject if you want to form a more informed opinion. I know more about this stuff than you do in fact. You know the tech and the maths but you have no clue about factors that contribute to people investing in bitcoin and factors that will make bitcoin obsolete. Bitcoin wont exist in 2140. Bitcoin can be mined but the cost for electricity makes it too expensive which is why lots of people are hijacking other peoples cpu's and electricity when they connect to certain websites. If you can avoid paying for electricity the equipment to mine bitcoins is easily available. You can educate me here. Have you invested in bitcoin to make a profit from reselling bitcoin? |
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Deleted
🗨️ 0
👍🏻
January 1970
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Bitcoin
Jan 10, 2018 19:10:16 GMT 1
Bitcoin, by Deleted on Jan 10, 2018 19:10:16 GMT 1, No, the year the last bitcoin will be mined is 2140. Also the general public doesn't mine bitcoin, they can't without very specific hardware. I stopped reading your post after that because you just don't know what you are talking about and I would really advise you to read up on the subject if you want to form a more informed opinion. I know more about this stuff than you do in fact. You know the tech and the maths but you have no clue about factors that contribute to people investing in bitcoin and factors that will make bitcoin obsolete. Bitcoin wont exist in 2140. Bitcoin can be mined but the cost for electricity makes it too expensive which is why lots of people are hijacking other peoples cpu's and electricity when they connect to certain websites. If you can avoid paying for electricity the equipment to mine bitcoins is easily available. You can educate me here. Have you invested in bitcoin to make a profit from reselling bitcoin?
No, the year the last bitcoin will be mined is 2140. Also the general public doesn't mine bitcoin, they can't without very specific hardware. I stopped reading your post after that because you just don't know what you are talking about and I would really advise you to read up on the subject if you want to form a more informed opinion. I know more about this stuff than you do in fact. You know the tech and the maths but you have no clue about factors that contribute to people investing in bitcoin and factors that will make bitcoin obsolete. Bitcoin wont exist in 2140. Bitcoin can be mined but the cost for electricity makes it too expensive which is why lots of people are hijacking other peoples cpu's and electricity when they connect to certain websites. If you can avoid paying for electricity the equipment to mine bitcoins is easily available. You can educate me here. Have you invested in bitcoin to make a profit from reselling bitcoin? Okay last reply: What you are referring to is a Monero-mining script that was/is running on some hacked websites, not a Bitcoin miner. Like I said you just don't know what you are talking about so there's no meaningful conversation to be had here. Please read up. And I'm not even that big a supporter of bitcoin in it's current state, there are a LOT of promising startups in the crypto-field that are trying to solve real world problems with blockchain tech. Bitcoin was just the first, in it's current state it's unfit for real world use, but perhaps lightning can solve that in the future. |
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moron
Junior Member
🗨️ 2,711
👍🏻 1,051
September 2017
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Bitcoin
Jan 10, 2018 19:20:59 GMT 1
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cogitobcn
New Member
🗨️ 159
👍🏻 97
August 2017
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Bitcoin
Jan 10, 2018 20:28:57 GMT 1
Bitcoin, by cogitobcn on Jan 10, 2018 20:28:57 GMT 1,
moron, as blanksky suggested you, it can be useful to read a bit before starting long/deep discussions. But monero is not the same than bitcoin, you can not use them interchangeably, at least if you want to talk with sense.
moron, as blanksky suggested you, it can be useful to read a bit before starting long/deep discussions. But monero is not the same than bitcoin, you can not use them interchangeably, at least if you want to talk with sense. |
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RoboJ
Artist
Junior Member
🗨️ 1,202
👍🏻 1,332
July 2015
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Bitcoin
Jan 10, 2018 20:41:34 GMT 1
via mobile
Bitcoin, by RoboJ on Jan 10, 2018 20:41:34 GMT 1, Bitcoin maybe a bubble and maybe obsolete in the not too distant future but the block chain is a revolution. It’s a better solution to so many things right now so it isn’t just a fad. My last post on here shared the new Kodak system which I was expecting people to be excited about. Finally a bulletproof global ledger of image ownership. You can’t unlearn the block chain. Almost every aspect of life will use it in the not too distant future.
Bitcoin maybe a bubble and maybe obsolete in the not too distant future but the block chain is a revolution. It’s a better solution to so many things right now so it isn’t just a fad. My last post on here shared the new Kodak system which I was expecting people to be excited about. Finally a bulletproof global ledger of image ownership. You can’t unlearn the block chain. Almost every aspect of life will use it in the not too distant future.
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mrbagel
New Member
🗨️ 232
👍🏻 162
December 2017
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Bitcoin
Jan 10, 2018 20:52:36 GMT 1
Bitcoin, by mrbagel on Jan 10, 2018 20:52:36 GMT 1,
To be honest, so many websites have been compromised in the last 5 years and are used to mine crypto. This site probably is too.
If you run a web server and find your CPU usage high then, well...
To be honest, so many websites have been compromised in the last 5 years and are used to mine crypto. This site probably is too. If you run a web server and find your CPU usage high then, well... |
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Deleted
🗨️ 0
👍🏻
January 1970
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Bitcoin
Jan 10, 2018 22:44:58 GMT 1
Bitcoin, by Deleted on Jan 10, 2018 22:44:58 GMT 1, To be honest, so many websites have been compromised in the last 5 years and are used to mine crypto. This site probably is too. If you run a web server and find your CPU usage high then, well...
And yeah, moron is quoting the exact thing I tried explaining him, that made me chuckle.
To be honest, so many websites have been compromised in the last 5 years and are used to mine crypto. This site probably is too. If you run a web server and find your CPU usage high then, well... Using an adblocker and a scriptblocker in your browser protects you a little more (Adblock and Ghostery in chrome for example). But nothing is 100% safe of course. If they can find an exploit for computer chips that dates back to 1995, I mean.. And yeah, moron is quoting the exact thing I tried explaining him, that made me chuckle. |
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moron
Junior Member
🗨️ 2,711
👍🏻 1,051
September 2017
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Bitcoin, by moron on Jan 11, 2018 0:26:55 GMT 1, I admit i'm no techie. I do believe that the recent fast price rise of Bitcoin is due to some very wealthy people hyping and pushing the value up by bulk buying bitcoins. Peter Thiel is probably not the only player in this Bitcoin game. Surely if the value is in the blockchain technology.
The eyes say it all.
"Bitcoin prices rose on a Wall Street Journal report (paywall) that Peter Thiel’s investment fund recently made a major wager on the cryptoasset, adding to the list of bigwigs whose support for the market has inflamed the mania."
qz.com/1170210/bitcoin-btc-price-is-up-on-news-of-peter-thiels-massive-investment/
Bitcoin and Big Brother.
beyondmoney.net/2017/09/12/is-big-brother-is-coming-to-the-blockchain/
In the future, people who control blockchain could also own and monetise peoples personal information against their will.
I admit i'm no techie. I do believe that the recent fast price rise of Bitcoin is due to some very wealthy people hyping and pushing the value up by bulk buying bitcoins. Peter Thiel is probably not the only player in this Bitcoin game. Surely if the value is in the blockchain technology. The eyes say it all. "Bitcoin prices rose on a Wall Street Journal report (paywall) that Peter Thiel’s investment fund recently made a major wager on the cryptoasset, adding to the list of bigwigs whose support for the market has inflamed the mania."qz.com/1170210/bitcoin-btc-price-is-up-on-news-of-peter-thiels-massive-investment/ Bitcoin and Big Brother. beyondmoney.net/2017/09/12/is-big-brother-is-coming-to-the-blockchain/ In the future, people who control blockchain could also own and monetise peoples personal information against their will. |
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Argiebaji
Junior Member
🗨️ 3,015
👍🏻 1,183
June 2008
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Bitcoin
Jan 11, 2018 15:57:07 GMT 1
Bitcoin, by Argiebaji on Jan 11, 2018 15:57:07 GMT 1, Any XRP holders out there..??
Go and check you're wallets... You're In for a nice little rise surprise!
Any XRP holders out there..??
Go and check you're wallets... You're In for a nice little rise surprise!
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Bitcoin
Jan 11, 2018 16:05:35 GMT 1
Bitcoin, by Shoot Again on Jan 11, 2018 16:05:35 GMT 1, Any XRP holders out there..?? Go and check you're wallets... You're In for a surprise!
Any XRP holders out there..?? Go and check you're wallets... You're In for a surprise! Also MONEYGRAM going up on that partnership with RIPPLE |
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Argiebaji
Junior Member
🗨️ 3,015
👍🏻 1,183
June 2008
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Bitcoin
Jan 11, 2018 16:07:12 GMT 1
Bitcoin, by Argiebaji on Jan 11, 2018 16:07:12 GMT 1, Any XRP holders out there..?? Go and check you're wallets... You're In for a surprise! Also MONEYGRAM going up on that partnership with RIPPLE
Any XRP holders out there..?? Go and check you're wallets... You're In for a surprise! Also MONEYGRAM going up on that partnership with RIPPLE Exactly .. |
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chevyav53
Junior Member
🗨️ 1,356
👍🏻 1,134
August 2017
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Bitcoin
Jan 11, 2018 16:20:18 GMT 1
Bitcoin, by chevyav53 on Jan 11, 2018 16:20:18 GMT 1, Not bad with XRP but BNB and NEO have been outperforming XRP in my portfolio, for the low value coins.
Not bad with XRP but BNB and NEO have been outperforming XRP in my portfolio, for the low value coins.
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Deleted
🗨️ 0
👍🏻
January 1970
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Bitcoin
Jan 11, 2018 17:13:33 GMT 1
Bitcoin, by Deleted on Jan 11, 2018 17:13:33 GMT 1, I admit i'm no techie. I do believe that the recent fast price rise of Bitcoin is due to some very wealthy people hyping and pushing the value up by bulk buying bitcoins. Peter Thiel is probably not the only player in this Bitcoin game. Surely if the value is in the blockchain technology. The eyes say it all. "Bitcoin prices rose on a Wall Street Journal report (paywall) that Peter Thiel’s investment fund recently made a major wager on the cryptoasset, adding to the list of bigwigs whose support for the market has inflamed the mania."qz.com/1170210/bitcoin-btc-price-is-up-on-news-of-peter-thiels-massive-investment/ Bitcoin and Big Brother. beyondmoney.net/2017/09/12/is-big-brother-is-coming-to-the-blockchain/ In the future, people who control blockchain could also own and monetise peoples personal information against their will.
I admit i'm no techie. I do believe that the recent fast price rise of Bitcoin is due to some very wealthy people hyping and pushing the value up by bulk buying bitcoins. Peter Thiel is probably not the only player in this Bitcoin game. Surely if the value is in the blockchain technology. The eyes say it all. "Bitcoin prices rose on a Wall Street Journal report (paywall) that Peter Thiel’s investment fund recently made a major wager on the cryptoasset, adding to the list of bigwigs whose support for the market has inflamed the mania."qz.com/1170210/bitcoin-btc-price-is-up-on-news-of-peter-thiels-massive-investment/ Bitcoin and Big Brother. beyondmoney.net/2017/09/12/is-big-brother-is-coming-to-the-blockchain/ In the future, people who control blockchain could also own and monetise peoples personal information against their will. Nobody 'owns' a blockchain, the very essence of a blockchain is that it's a decentralized way to store information..bbzzt I shouldn't keep trying |
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