cogitobcn
New Member
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August 2017
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Bitcoin, by cogitobcn on Feb 7, 2018 12:01:34 GMT 1, @sliding, interesting rumor, but what really grab my attention from your post was the weirdest quote/signature I've seen in my whole life... any context about it?
@sliding, interesting rumor, but what really grab my attention from your post was the weirdest quote/signature I've seen in my whole life... any context about it?
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Bitcoin, by Brushstrokes 75 on Feb 7, 2018 12:30:27 GMT 1, Of course, there is massive manipulation as we speak.
The whole blockchain technology is only in its infancy both in terms of the actual technology and its applications and its market involvement.
Finance 101 is that there is no such thing as a free lunch. The potential for massive profits is here and with that come along the massive risk of failure.
There has been a serious downfall to modern finance of analyzing results in short term scope. Even risk averse mutual funds publish trimestrial and annual results. Between fear, market manipulation, hype especially in a risky (as of now) non regulated asset like this, volatility is off the chart.
Bitcoin and all might disappear but blockchain technology is a massive world game changer in macroeconomic terms.
There is no way to tell at this point what way it might go : get cemented or fail in its applications. I remember people thinking that internet would fail by early 2000, that people would never buy online, that people would never stream music online....
Central Banks for years have been planning for years to find a way to stop printing money.
Blockchain definately offers a solution to that regard and offers traceability that is far greater than any notes printed.
People talk about how bitcoin is only helping illegal activities but it's not that hard to trace movements and to identify who is what with serious knowledge. Cash is far more volatile in that sense and other assets (like art for example) can also be used in that regard (illegal activities).
I also often hear things when some people wanna compare bitcoin and gold. People say bitcoin is not tangible that's why it's worthless. What is the actual intrinsic value of gold in itself? It doesn't reside in the fact that it's rare, that it's used in jewelry. It resides in the fact that it's an amazing medium of exchange. It's durable, divisible and it's scarce.
You don't have to throw your money into bitcoin or in crypto to think it's interesting. I know people who are pretty up to date on the subject and have 0 penny in it.
Last note there has been a lot of talk by government about putting into regulations. For some reasons, people see this as a bad thing. On the contrary, this is to protect investors as whole against shady and bad practices. We need regulatory frameworks. It doesn't mean it's gonna get banned.
Of course, there is massive manipulation as we speak.
The whole blockchain technology is only in its infancy both in terms of the actual technology and its applications and its market involvement.
Finance 101 is that there is no such thing as a free lunch. The potential for massive profits is here and with that come along the massive risk of failure.
There has been a serious downfall to modern finance of analyzing results in short term scope. Even risk averse mutual funds publish trimestrial and annual results. Between fear, market manipulation, hype especially in a risky (as of now) non regulated asset like this, volatility is off the chart.
Bitcoin and all might disappear but blockchain technology is a massive world game changer in macroeconomic terms.
There is no way to tell at this point what way it might go : get cemented or fail in its applications. I remember people thinking that internet would fail by early 2000, that people would never buy online, that people would never stream music online....
Central Banks for years have been planning for years to find a way to stop printing money.
Blockchain definately offers a solution to that regard and offers traceability that is far greater than any notes printed.
People talk about how bitcoin is only helping illegal activities but it's not that hard to trace movements and to identify who is what with serious knowledge. Cash is far more volatile in that sense and other assets (like art for example) can also be used in that regard (illegal activities).
I also often hear things when some people wanna compare bitcoin and gold. People say bitcoin is not tangible that's why it's worthless. What is the actual intrinsic value of gold in itself? It doesn't reside in the fact that it's rare, that it's used in jewelry. It resides in the fact that it's an amazing medium of exchange. It's durable, divisible and it's scarce.
You don't have to throw your money into bitcoin or in crypto to think it's interesting. I know people who are pretty up to date on the subject and have 0 penny in it.
Last note there has been a lot of talk by government about putting into regulations. For some reasons, people see this as a bad thing. On the contrary, this is to protect investors as whole against shady and bad practices. We need regulatory frameworks. It doesn't mean it's gonna get banned.
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Bitcoin, by Sliding on the Walls on Feb 7, 2018 13:53:02 GMT 1, @sliding, interesting rumor, but what really grab my attention from your post was the weirdest quote/signature I've seen in my whole life... any context about it?
I'm glad you asked.
All is revealed by clicking here
@sliding, interesting rumor, but what really grab my attention from your post was the weirdest quote/signature I've seen in my whole life... any context about it? I'm glad you asked. All is revealed by clicking here |
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Bitcoin, by rikkirattoe on Feb 7, 2018 14:19:36 GMT 1, ... doesn't it just shift who is controlling it ... 'the decentralisation'? ... and if you think that the banks and dealers don't have their fingers in the pie, then you are living under a blanket ... ... as I have said ... blockchain technology will be a wonderful thing ... the monetarisation that we are seeing of it, is a by-product of speculation ...
I'd argue that even though you ultimately may be right in the end, human history has kinda shown that events that trigger a rebalance of wealth are still necessary. I have no doubt that human ego and greed will always find a way to corrupt everything, at least until we're able to evolve above those character flaws. Maybe if we put our faith in the decision making abilities of AI and remove those 2 negative character features from their database, we can just remove ourselves entirely out of the equation from what destroys us, lol.
We'll see though. Will all depend on how this crypto movement steers itself as it continues to grow.
... doesn't it just shift who is controlling it ... 'the decentralisation'? ... and if you think that the banks and dealers don't have their fingers in the pie, then you are living under a blanket ... ... as I have said ... blockchain technology will be a wonderful thing ... the monetarisation that we are seeing of it, is a by-product of speculation ... I'd argue that even though you ultimately may be right in the end, human history has kinda shown that events that trigger a rebalance of wealth are still necessary. I have no doubt that human ego and greed will always find a way to corrupt everything, at least until we're able to evolve above those character flaws. Maybe if we put our faith in the decision making abilities of AI and remove those 2 negative character features from their database, we can just remove ourselves entirely out of the equation from what destroys us, lol. We'll see though. Will all depend on how this crypto movement steers itself as it continues to grow. |
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Bitcoin, by rikkirattoe on Feb 7, 2018 14:38:34 GMT 1, Of course, there is massive manipulation as we speak. The whole blockchain technology is only in its infancy both in terms of the actual technology and its applications and its market involvement. Finance 101 is that there is no such thing as a free lunch. The potential for massive profits is here and with that come along the massive risk of failure. There has been a serious downfall to modern finance of analyzing results in short term scope. Even risk averse mutual funds publish trimestrial and annual results. Between fear, market manipulation, hype especially in a risky (as of now) non regulated asset like this, volatility is off the chart. Bitcoin and all might disappear but blockchain technology is a massive world game changer in macroeconomic terms. There is no way to tell at this point what way it might go : get cemented or fail in its applications. I remember people thinking that internet would fail by early 2000, that people would never buy online, that people would never stream music online.... Central Banks for years have been planning for years to find a way to stop printing money. Blockchain definately offers a solution to that regard and offers traceability that is far greater than any notes printed. People talk about how bitcoin is only helping illegal activities but it's not that hard to trace movements and to identify who is what with serious knowledge. Cash is far more volatile in that sense and other assets (like art for example) can also be used in that regard (illegal activities). I also often hear things when some people wanna compare bitcoin and gold. People say bitcoin is not tangible that's why it's worthless. What is the actual intrinsic value of gold in itself? It doesn't reside in the fact that it's rare, that it's used in jewelry. It resides in the fact that it's an amazing medium of exchange. It's durable, divisible and it's scarce. You don't have to throw your money into bitcoin or in crypto to think it's interesting. I know people who are pretty up to date on the subject and have 0 penny in it. Last note there has been a lot of talk by government about putting into regulations. For some reasons, people see this as a bad thing. On the contrary, this is to protect investors as whole against shady and bad practices. We need regulatory frameworks. It doesn't mean it's gonna get banned.
Just to pluck a bit of your thoughts, which I enjoyed reading fwiw, it'll be interesting how governments treat what is expected to be a big growth in privacy coins this year. The beauty of crypto in regards to the black market is how you're able to transport money anywhere in the world to make any sized transaction. You can't just take $1,000,000 in paper money on a plane or in a car with you but you can take a Trezor or a Nano loaded with $1,000,000 worth of crypto with you in your pocket.
Of course, there is massive manipulation as we speak. The whole blockchain technology is only in its infancy both in terms of the actual technology and its applications and its market involvement. Finance 101 is that there is no such thing as a free lunch. The potential for massive profits is here and with that come along the massive risk of failure. There has been a serious downfall to modern finance of analyzing results in short term scope. Even risk averse mutual funds publish trimestrial and annual results. Between fear, market manipulation, hype especially in a risky (as of now) non regulated asset like this, volatility is off the chart. Bitcoin and all might disappear but blockchain technology is a massive world game changer in macroeconomic terms. There is no way to tell at this point what way it might go : get cemented or fail in its applications. I remember people thinking that internet would fail by early 2000, that people would never buy online, that people would never stream music online.... Central Banks for years have been planning for years to find a way to stop printing money. Blockchain definately offers a solution to that regard and offers traceability that is far greater than any notes printed. People talk about how bitcoin is only helping illegal activities but it's not that hard to trace movements and to identify who is what with serious knowledge. Cash is far more volatile in that sense and other assets (like art for example) can also be used in that regard (illegal activities). I also often hear things when some people wanna compare bitcoin and gold. People say bitcoin is not tangible that's why it's worthless. What is the actual intrinsic value of gold in itself? It doesn't reside in the fact that it's rare, that it's used in jewelry. It resides in the fact that it's an amazing medium of exchange. It's durable, divisible and it's scarce. You don't have to throw your money into bitcoin or in crypto to think it's interesting. I know people who are pretty up to date on the subject and have 0 penny in it. Last note there has been a lot of talk by government about putting into regulations. For some reasons, people see this as a bad thing. On the contrary, this is to protect investors as whole against shady and bad practices. We need regulatory frameworks. It doesn't mean it's gonna get banned. Just to pluck a bit of your thoughts, which I enjoyed reading fwiw, it'll be interesting how governments treat what is expected to be a big growth in privacy coins this year. The beauty of crypto in regards to the black market is how you're able to transport money anywhere in the world to make any sized transaction. You can't just take $1,000,000 in paper money on a plane or in a car with you but you can take a Trezor or a Nano loaded with $1,000,000 worth of crypto with you in your pocket. |
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Bitcoin
Feb 7, 2018 20:54:16 GMT 1
via mobile
Bitcoin, by Brushstrokes 75 on Feb 7, 2018 20:54:16 GMT 1, Of course, there is massive manipulation as we speak. The whole blockchain technology is only in its infancy both in terms of the actual technology and its applications and its market involvement. Finance 101 is that there is no such thing as a free lunch. The potential for massive profits is here and with that come along the massive risk of failure. There has been a serious downfall to modern finance of analyzing results in short term scope. Even risk averse mutual funds publish trimestrial and annual results. Between fear, market manipulation, hype especially in a risky (as of now) non regulated asset like this, volatility is off the chart. Bitcoin and all might disappear but blockchain technology is a massive world game changer in macroeconomic terms. There is no way to tell at this point what way it might go : get cemented or fail in its applications. I remember people thinking that internet would fail by early 2000, that people would never buy online, that people would never stream music online.... Central Banks for years have been planning for years to find a way to stop printing money. Blockchain definately offers a solution to that regard and offers traceability that is far greater than any notes printed. People talk about how bitcoin is only helping illegal activities but it's not that hard to trace movements and to identify who is what with serious knowledge. Cash is far more volatile in that sense and other assets (like art for example) can also be used in that regard (illegal activities). I also often hear things when some people wanna compare bitcoin and gold. People say bitcoin is not tangible that's why it's worthless. What is the actual intrinsic value of gold in itself? It doesn't reside in the fact that it's rare, that it's used in jewelry. It resides in the fact that it's an amazing medium of exchange. It's durable, divisible and it's scarce. You don't have to throw your money into bitcoin or in crypto to think it's interesting. I know people who are pretty up to date on the subject and have 0 penny in it. Last note there has been a lot of talk by government about putting into regulations. For some reasons, people see this as a bad thing. On the contrary, this is to protect investors as whole against shady and bad practices. We need regulatory frameworks. It doesn't mean it's gonna get banned. Just to pluck a bit of your thoughts, which I enjoyed reading fwiw, it'll be interesting how governments treat what is expected to be a big growth in privacy coins this year. The beauty of crypto in regards to the black market is how you're able to transport money anywhere in the world to make any sized transaction. You can't just take $1,000,000 in paper money on a plane or in a car with you but you can take a Trezor or a Nano loaded with $1,000,000 worth of crypto with you in your pocket.
Indeed, but criminals have always found ways to be creative when it comes to moving money.
It will interesting to see how it develops on both end of the spectrum.
There are other privacy concerns when it comes to bitcoin. Considering everything is on the ledger itself. You could pseudonimely identify people through their adresses and their use of money.
Basically, it would be as if everyone could know how much everyone has on their account (to some extent),
That’s why i see banks not disappearing from the get go.
Anyhow, it’s rather interesting to see what will happen on a lot of levels
Of course, there is massive manipulation as we speak. The whole blockchain technology is only in its infancy both in terms of the actual technology and its applications and its market involvement. Finance 101 is that there is no such thing as a free lunch. The potential for massive profits is here and with that come along the massive risk of failure. There has been a serious downfall to modern finance of analyzing results in short term scope. Even risk averse mutual funds publish trimestrial and annual results. Between fear, market manipulation, hype especially in a risky (as of now) non regulated asset like this, volatility is off the chart. Bitcoin and all might disappear but blockchain technology is a massive world game changer in macroeconomic terms. There is no way to tell at this point what way it might go : get cemented or fail in its applications. I remember people thinking that internet would fail by early 2000, that people would never buy online, that people would never stream music online.... Central Banks for years have been planning for years to find a way to stop printing money. Blockchain definately offers a solution to that regard and offers traceability that is far greater than any notes printed. People talk about how bitcoin is only helping illegal activities but it's not that hard to trace movements and to identify who is what with serious knowledge. Cash is far more volatile in that sense and other assets (like art for example) can also be used in that regard (illegal activities). I also often hear things when some people wanna compare bitcoin and gold. People say bitcoin is not tangible that's why it's worthless. What is the actual intrinsic value of gold in itself? It doesn't reside in the fact that it's rare, that it's used in jewelry. It resides in the fact that it's an amazing medium of exchange. It's durable, divisible and it's scarce. You don't have to throw your money into bitcoin or in crypto to think it's interesting. I know people who are pretty up to date on the subject and have 0 penny in it. Last note there has been a lot of talk by government about putting into regulations. For some reasons, people see this as a bad thing. On the contrary, this is to protect investors as whole against shady and bad practices. We need regulatory frameworks. It doesn't mean it's gonna get banned. Just to pluck a bit of your thoughts, which I enjoyed reading fwiw, it'll be interesting how governments treat what is expected to be a big growth in privacy coins this year. The beauty of crypto in regards to the black market is how you're able to transport money anywhere in the world to make any sized transaction. You can't just take $1,000,000 in paper money on a plane or in a car with you but you can take a Trezor or a Nano loaded with $1,000,000 worth of crypto with you in your pocket. Indeed, but criminals have always found ways to be creative when it comes to moving money. It will interesting to see how it develops on both end of the spectrum. There are other privacy concerns when it comes to bitcoin. Considering everything is on the ledger itself. You could pseudonimely identify people through their adresses and their use of money. Basically, it would be as if everyone could know how much everyone has on their account (to some extent), That’s why i see banks not disappearing from the get go. Anyhow, it’s rather interesting to see what will happen on a lot of levels |
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chevyav53
Junior Member
🗨️ 1,356
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August 2017
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Bitcoin, by chevyav53 on Feb 7, 2018 22:02:04 GMT 1, It's a trick he wants to buy your coins for cheap, HODL buy more.... so I can sell the rest first, have a feeling we are in one of the last denial spikes 
It's a trick he wants to buy your coins for cheap, HODL buy more.... so I can sell the rest first, have a feeling we are in one of the last denial spikes |
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Bitcoin
Feb 7, 2018 22:57:51 GMT 1
via mobile
Bitcoin, by Dojo the Dog on Feb 7, 2018 22:57:51 GMT 1, It's a trick he wants to buy your coins for cheap, HODL buy more.... so I can sell the rest first, have a feeling we are in one of the last denial spikes
Think you might be right. But I’m just going to keep my head is firmly in the sand.
It's a trick he wants to buy your coins for cheap, HODL buy more.... so I can sell the rest first, have a feeling we are in one of the last denial spikes Think you might be right. But I’m just going to keep my head is firmly in the sand. |
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gd79
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Bitcoin
Feb 8, 2018 9:30:35 GMT 1
via mobile
Bitcoin, by gd79 on Feb 8, 2018 9:30:35 GMT 1, That guy is a crook. Shameful that Hollywood made him somehow respectable. He does know how to broke worthless crap though, so this is right up his street
That guy is a crook. Shameful that Hollywood made him somehow respectable. He does know how to broke worthless crap though, so this is right up his street
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moron
Junior Member
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September 2017
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Bitcoin
Feb 11, 2018 21:25:33 GMT 1
Bitcoin, by moron on Feb 11, 2018 21:25:33 GMT 1, So in reality Bitcoin is worthless or unusable in commerce.
The only value bitcoin has is what it is being bought for as a commodity.
It's useless for use in e commerce because if someone is selling something for say a hundred dollars and also accepts bitcoins. They don't know if the way bitcoin goes up and down means that they will make a loss on their hundred dollar item or items they are selling.
So in reality Bitcoin is worthless or unusable in commerce.
The only value bitcoin has is what it is being bought for as a commodity.
It's useless for use in e commerce because if someone is selling something for say a hundred dollars and also accepts bitcoins. They don't know if the way bitcoin goes up and down means that they will make a loss on their hundred dollar item or items they are selling.
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Pysgod
Junior Member
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December 2016
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Bitcoin
Feb 12, 2018 23:49:10 GMT 1
Bitcoin, by Pysgod on Feb 12, 2018 23:49:10 GMT 1, Panarama who wants to be a bit coin millionaire BBC1 now
Panarama who wants to be a bit coin millionaire BBC1 now
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Bitcoin
Feb 13, 2018 11:37:23 GMT 1
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Bitcoin
Feb 13, 2018 12:40:10 GMT 1
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darwin
New Member
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April 2013
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Bitcoin
Feb 13, 2018 12:40:48 GMT 1
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ferg
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January 2013
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Bitcoin
Feb 13, 2018 12:56:41 GMT 1
Bitcoin, by ferg on Feb 13, 2018 12:56:41 GMT 1, Bitcoin ‘criminals currency of choice ‘ ‘show me the money’ we use to call it pyramid selling it’s going to end up in tears 😭
Bitcoin ‘criminals currency of choice ‘ ‘show me the money’ we use to call it pyramid selling it’s going to end up in tears 😭
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blerd
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November 2016
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Bitcoin
Feb 13, 2018 14:36:29 GMT 1
Thanks for this, its a great read. |
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chevyav53
Junior Member
🗨️ 1,356
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August 2017
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Bitcoin
Feb 13, 2018 16:16:09 GMT 1
Bitcoin, by chevyav53 on Feb 13, 2018 16:16:09 GMT 1, Thanks for this, its a great read.
Thanks for this, its a great read. That was a great article, thank you. Moral of the story, keep buying coins please, I'd like to see my ETH back over $1K |
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gd79
Junior Member
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September 2015
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Bitcoin
Feb 13, 2018 16:50:18 GMT 1
via mobile
Bitcoin, by gd79 on Feb 13, 2018 16:50:18 GMT 1, Tulips are not the best analogy. John Law is. Have a look at Wikipedia.
In short, he invented a new form of currency in order to finance the development of cutting edge enterprise. The new currency was rooted in mathematics and probability theory, but served as a handy cash machine for a rogue nation (well, France...). In time, faith in the currency was shaken when the valuation bubble around the new enterprise was popped, the valuation of the currency was impossible to support and Law died penniless. And probably racked with venereal disease or scabies for good measure.
This was in the early 1700s. The funky new currency was fiat money (or money not linked to gold or silver). The new enterprise was trade with the new Louisiana.
But hey - the guy was a visionary. A few hundred years later and all money is fiat money, although it was the 1970s before it was really adopted. Didn't really compensate the early adopters of fiat money that lost the lot!
The fall out in France also eventually prompted the French Revolution, democracy, the republic and macron. So all's well eh?
Tulips are not the best analogy. John Law is. Have a look at Wikipedia.
In short, he invented a new form of currency in order to finance the development of cutting edge enterprise. The new currency was rooted in mathematics and probability theory, but served as a handy cash machine for a rogue nation (well, France...). In time, faith in the currency was shaken when the valuation bubble around the new enterprise was popped, the valuation of the currency was impossible to support and Law died penniless. And probably racked with venereal disease or scabies for good measure.
This was in the early 1700s. The funky new currency was fiat money (or money not linked to gold or silver). The new enterprise was trade with the new Louisiana.
But hey - the guy was a visionary. A few hundred years later and all money is fiat money, although it was the 1970s before it was really adopted. Didn't really compensate the early adopters of fiat money that lost the lot!
The fall out in France also eventually prompted the French Revolution, democracy, the republic and macron. So all's well eh?
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Bitcoin
Feb 13, 2018 17:17:01 GMT 1
via mobile
Bitcoin, by rikkirattoe on Feb 13, 2018 17:17:01 GMT 1, That guy is a crook. Shameful that Hollywood made him somehow respectable. He does know how to broke worthless crap though, so this is right up his street
It's not worthless when u can literally exchange bitcoin right now at this very second for a value of fiat that is apparently worth something to the anti-crypto naysayers. A Banksy print isn't worth the single dollar's worth of paper and ink it's printed on. The worth of anything is what someone is willing to pay for it.
Right now you can get around 8.5k USD for a single Bitcoin. That's it's current worth. Everything else moving forward from this moment is simply speculation and an opinion.
That guy is a crook. Shameful that Hollywood made him somehow respectable. He does know how to broke worthless crap though, so this is right up his street It's not worthless when u can literally exchange bitcoin right now at this very second for a value of fiat that is apparently worth something to the anti-crypto naysayers. A Banksy print isn't worth the single dollar's worth of paper and ink it's printed on. The worth of anything is what someone is willing to pay for it. Right now you can get around 8.5k USD for a single Bitcoin. That's it's current worth. Everything else moving forward from this moment is simply speculation and an opinion. |
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gd79
Junior Member
🗨️ 1,132
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September 2015
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Bitcoin
Feb 13, 2018 21:32:22 GMT 1
via mobile
Bitcoin, by gd79 on Feb 13, 2018 21:32:22 GMT 1, That guy is a crook. Shameful that Hollywood made him somehow respectable. He does know how to broke worthless crap though, so this is right up his street It's not worthless when u can literally exchange bitcoin right now at this very second for a value of fiat that is apparently worth something to the anti-crypto naysayers. A Banksy print isn't worth the single dollar's worth of paper and ink it's printed on. The worth of anything is what someone is willing to pay for it. Right now you can get around 8.5k USD for a single Bitcoin. That's it's current worth. Everything else moving forward from this moment is simply speculation and an opinion.
Reel him in, we've got a live one!!!
That guy is a crook. Shameful that Hollywood made him somehow respectable. He does know how to broke worthless crap though, so this is right up his street It's not worthless when u can literally exchange bitcoin right now at this very second for a value of fiat that is apparently worth something to the anti-crypto naysayers. A Banksy print isn't worth the single dollar's worth of paper and ink it's printed on. The worth of anything is what someone is willing to pay for it. Right now you can get around 8.5k USD for a single Bitcoin. That's it's current worth. Everything else moving forward from this moment is simply speculation and an opinion. Reel him in, we've got a live one!!! |
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gd79
Junior Member
🗨️ 1,132
👍🏻 1,221
September 2015
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Bitcoin
Feb 13, 2018 21:48:33 GMT 1
via mobile
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Bitcoin
Feb 14, 2018 19:28:37 GMT 1
via mobile
Bitcoin, by rikkirattoe on Feb 14, 2018 19:28:37 GMT 1, It's not worthless when u can literally exchange bitcoin right now at this very second for a value of fiat that is apparently worth something to the anti-crypto naysayers. A Banksy print isn't worth the single dollar's worth of paper and ink it's printed on. The worth of anything is what someone is willing to pay for it. Right now you can get around 8.5k USD for a single Bitcoin. That's it's current worth. Everything else moving forward from this moment is simply speculation and an opinion. Reel him in, we've got a live one!!!
Not really, just stating the difference between opinions and realities.
It's not worthless when u can literally exchange bitcoin right now at this very second for a value of fiat that is apparently worth something to the anti-crypto naysayers. A Banksy print isn't worth the single dollar's worth of paper and ink it's printed on. The worth of anything is what someone is willing to pay for it. Right now you can get around 8.5k USD for a single Bitcoin. That's it's current worth. Everything else moving forward from this moment is simply speculation and an opinion. Reel him in, we've got a live one!!! Not really, just stating the difference between opinions and realities. |
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Bitcoin
Feb 14, 2018 19:43:27 GMT 1
via mobile
Bitcoin, by rikkirattoe on Feb 14, 2018 19:43:27 GMT 1,
I'd like to think if you care enough about your loved ones future financial well being in the event of your death, you'd take the steps to get your crypto holdings setup to be passed down to them. If only you know where your crytpo is, that's like the equivalent of Pablo Escobar burying piles of money across Colombia and not telling anyone about it.
Treasure Hunt! Crypto currency natural selection. Only the strong survive.
I'd like to think if you care enough about your loved ones future financial well being in the event of your death, you'd take the steps to get your crypto holdings setup to be passed down to them. If only you know where your crytpo is, that's like the equivalent of Pablo Escobar burying piles of money across Colombia and not telling anyone about it. Treasure Hunt! Crypto currency natural selection. Only the strong survive. |
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tinkicker
New Member
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April 2008
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Bitcoin
Feb 15, 2018 21:35:41 GMT 1
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Bitcoin
Feb 23, 2018 14:37:40 GMT 1
Bitcoin, by Sliding on the Walls on Feb 23, 2018 14:37:40 GMT 1, Not sure if anybody is familiar with Pillar? pillarproject.io/
They are creating a personal data locker (along with a wallet) which will enable us to have sovereignty over our own digital footprint.
There are loads of positive aspects of this, but here's an example related to art.
Imagine if everything you ever owned or bought was automatically indexed and everything was potentially for sale. All your prints, all your paintings, all your music, your caps, your sneaker collections, whatever.
So I buy a Banksy print and the transaction is recorded on the Blockchain. I own it for a year or two and then I get an alert on my Pillar Wallet saying somebody would like to buy it. I've not got it for sale or anything, it's automatically logged as in my ownership and so when somebody searches for one, they get given a list of possible sellers. I am happy with the price they are willing to pay so I accept the offer, receive only the details about the purchaser that I need and a transaction can go underway between me and them.
The print is sold on, recorded, and my inventory is logged as having one less Banksy print.
There's an example of what I mean in this video.
Not sure if anybody is familiar with Pillar? pillarproject.io/They are creating a personal data locker (along with a wallet) which will enable us to have sovereignty over our own digital footprint. There are loads of positive aspects of this, but here's an example related to art. Imagine if everything you ever owned or bought was automatically indexed and everything was potentially for sale. All your prints, all your paintings, all your music, your caps, your sneaker collections, whatever. So I buy a Banksy print and the transaction is recorded on the Blockchain. I own it for a year or two and then I get an alert on my Pillar Wallet saying somebody would like to buy it. I've not got it for sale or anything, it's automatically logged as in my ownership and so when somebody searches for one, they get given a list of possible sellers. I am happy with the price they are willing to pay so I accept the offer, receive only the details about the purchaser that I need and a transaction can go underway between me and them. The print is sold on, recorded, and my inventory is logged as having one less Banksy print. There's an example of what I mean in this video. |
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jp
New Member
🗨️ 431
👍🏻 504
September 2006
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Bitcoin
Feb 23, 2018 22:00:29 GMT 1
Bitcoin, by jp on Feb 23, 2018 22:00:29 GMT 1, Imagine if everything you ever owned or bought was automatically indexed and everything was potentially for sale. All your prints, all your paintings, all your music, your caps, your sneaker collections, whatever.
Every monolithic corporation able to pester and market to me based on my buying history. Perfect.
Every criminal and criminal organization in the world able to see anything I have of value. Perfect.
Even if you could put identity protection /evasion in place, you are one security vulnerability away from having all that wiped out. Perfect.
Imagine if everything you ever owned or bought was automatically indexed and everything was potentially for sale. All your prints, all your paintings, all your music, your caps, your sneaker collections, whatever. This would be my worst nightmare. Every monolithic corporation able to pester and market to me based on my buying history. Perfect. Every criminal and criminal organization in the world able to see anything I have of value. Perfect. Even if you could put identity protection /evasion in place, you are one security vulnerability away from having all that wiped out. Perfect. |
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Bitcoin, by Sliding on the Walls on Feb 23, 2018 22:08:07 GMT 1, Imagine if everything you ever owned or bought was automatically indexed and everything was potentially for sale. All your prints, all your paintings, all your music, your caps, your sneaker collections, whatever. This would be my worst nightmare. Every monolithic corporation able to pester and market to me based on my buying history. Perfect. Every criminal and criminal organization in the world able to see anything I have of value. Perfect. Even if you could put identity protection /evasion in place, you are one security vulnerability away from having all that wiped out. Perfect.
From what I gather, data is not shared with anybody unless it’s done on your terms. Even then the data given out is not held for longer than necessary. With GDPR regulation in May, and in time, there will be a huge change in the way our data is kept.
Criminals won’t see everything you have, they won’t even know you are you. You’ll be completely off grid if you want to be.
Surely that’s a better predicament than what we currently have?
Imagine if everything you ever owned or bought was automatically indexed and everything was potentially for sale. All your prints, all your paintings, all your music, your caps, your sneaker collections, whatever. This would be my worst nightmare. Every monolithic corporation able to pester and market to me based on my buying history. Perfect. Every criminal and criminal organization in the world able to see anything I have of value. Perfect. Even if you could put identity protection /evasion in place, you are one security vulnerability away from having all that wiped out. Perfect. From what I gather, data is not shared with anybody unless it’s done on your terms. Even then the data given out is not held for longer than necessary. With GDPR regulation in May, and in time, there will be a huge change in the way our data is kept. Criminals won’t see everything you have, they won’t even know you are you. You’ll be completely off grid if you want to be. Surely that’s a better predicament than what we currently have? |
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gd79
Junior Member
🗨️ 1,132
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September 2015
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Bitcoin
Feb 23, 2018 22:17:37 GMT 1
via mobile
Bitcoin, by gd79 on Feb 23, 2018 22:17:37 GMT 1, This would be my worst nightmare. Every monolithic corporation able to pester and market to me based on my buying history. Perfect. Every criminal and criminal organization in the world able to see anything I have of value. Perfect. Even if you could put identity protection /evasion in place, you are one security vulnerability away from having all that wiped out. Perfect. From what I gather, data is not shared with anybody unless it’s done on your terms. Even then the data given out is not held for longer than necessary. With GDPR regulation in May, and in time, there will be a huge change in the way our data is kept. Criminals won’t see everything you have, they won’t even know you are you. You’ll be completely off grid if you want to be. Surely that’s a better predicament than what we currently have?
Unworkable. To make it relevant, you'd have to open up your data so that people could take pit shots at buying your stuff. It's hardly a step up from selling something somewhere like here when you want to sell it.
Another example of how the blockchain could, if you squint, bring a clunky solution to a problem that doesn't really exist.
The first time a see a blockchain with a large scale, real world application I will back it. Bitcoin, or probably any other existing crypto, won't be the way to do it.
This would be my worst nightmare. Every monolithic corporation able to pester and market to me based on my buying history. Perfect. Every criminal and criminal organization in the world able to see anything I have of value. Perfect. Even if you could put identity protection /evasion in place, you are one security vulnerability away from having all that wiped out. Perfect. From what I gather, data is not shared with anybody unless it’s done on your terms. Even then the data given out is not held for longer than necessary. With GDPR regulation in May, and in time, there will be a huge change in the way our data is kept. Criminals won’t see everything you have, they won’t even know you are you. You’ll be completely off grid if you want to be. Surely that’s a better predicament than what we currently have? Unworkable. To make it relevant, you'd have to open up your data so that people could take pit shots at buying your stuff. It's hardly a step up from selling something somewhere like here when you want to sell it. Another example of how the blockchain could, if you squint, bring a clunky solution to a problem that doesn't really exist. The first time a see a blockchain with a large scale, real world application I will back it. Bitcoin, or probably any other existing crypto, won't be the way to do it. |
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