I'm a relative newcomer to the crypto scene (4 months) but I'm seriously hooked.The future of smart contracts, small transaction fees and digital currency is the future. Never has there been a better opportunity to take the power away from the greedy bankers and put it firmly back into the peoples hands.
But it's still a gamble,investment wise.Bitcoin is the king at the moment but who knows what will happen in the future as there are many coins/tokens making progress.
There are over 800 different tokens/coins so choosing the right one is key (investment wise) as 99% of these will fail,in my opinion.

Actually yes it does.

www.merriam-webster.com/dictionary/stupid


Definition of stupid
1 a :slow of mind :obtuse
b :given to unintelligent decisions or acts :acting in an unintelligent or careless manner
c :lacking intelligence or reason :

Ferg I'm not sure what your issue is - this is a Tech sub-forum. This thread was specifically created to not continue to derail another mostly non-art-related thread ('If you had $10k') with crypto discussion.

If you don't like it, just stop clicking on the link to this thread and replying. There is quite clearly a wider interest in this and you are in the minority.

It is quite normal to have off-topic sections on a forum, no need to get worked up over it.

You probably won't see this as you said you blocked me earlier but well done for persisting. 

Give it a rest now though, eh?


Back on topic, a recent Cambridge University study into Crypto currency  has shown that contrary to what some people have already touched on earlier in this thread, it really is a virgin market.

There are only 1,876 people working full-time in the cryptocurrency industry. Of those, the most find work in Asia-Pacific with 720. Behind that is North America with 676 employees.

One person showed a chart earlier showing the rate of growth for Bitcoin. It reminded me of another chart, the amount of debt the U.S. Government has accrued.

... the bankers are now running the show ... see above ... the money men will trade anything where they see they can make a profit ... that is what they will do ...

... other than a few independent companies saying that will accept bitcoin or the like as a trade in goods or services to gain publicity, the price per unit is solely based on trading ... and who is doing that? (rhetorical question)

... tulips ...

ps sparky999 were you for or against the crypto currency? you can PM direct

The banks may trade and manipulate bitcoin but they will never be able to control it,that's why its so special in my eyes.A currency of which is totally decentralised and anonymous.

Careful friends this is a soccer link  ...... Viva Benfica 

Value = scarcity + utility

I did a brief interview about Bitcoin the other day you can read it here if you like

www.pokerstrategy.com/news/world-of-poker/Understanding-Bitcoin-with-Marc-Kennedy_101922/


Having a secure place to store money that can not be seized by governments is the most significant advancement in money since it's creation. Bitcoin is not just a value transfer system it is an immutable digital record. It was not possible to create a digital record that was immutable before blockchain technology was invented.

If you are interested read about the Byzantine's General problem might help you visualise how important this breakthrough is.

Make no mistake blockchain technology is going to be a part of the future and is likely to significantly change the world we live in - that doesn't mean Bitcoin is going straight to $100,000 though. The road will be slow and painful and it might not be Bitcoin that wins the title of most widely used coin. We might have a future where hundreds of coins exist and inter-operate across blockchains with out the end user even realising they used crypto currency in the transaction or we might have one to rule them all.

There is always a chance this great experiment fails but with every passing day that chance grows smaller.

Don't buy the hype but educate yourself and don't fleetingly dismiss something because it might not be what you need, imagine a life with out access to the western financial banking system, that is most people's reality. Imagine living in a corrupt country like Iran/Russia where you can't trust your funds not to be seized. Imagine living in a country that doesn't allow you to have free speech and now being able to record your thoughts forever on an international publicly available blockchain.

Ethereum code is a fucking rats nest of security vulnerabilities.

But arn't there 10's of thousands of miners scattered all over the world ,surely this would be a hell of a lot more difficult to control the 51% needed .But your probably right in saying its possible,but very difficult.
Through a VPN its possible I can purchase any amount of bitcoin and send it to someone anywhere in the world and I will be totally anonymous.(purchasing through local bitcoin)This is what I mean by being anonymous.
For the record I don't own any bitcoin,but I wish I did three years ago.

If you have to put trust in a VPN service to not forward your info to gov't then it's not anonymous by default but yes for small money movements you can mask yourself enough to be unlikely to be discovered.

That's the issue I've seen. Crypto is supposed to be decentralised however the China news shows how the money in crypto is held by investors rather than people who believe in the system. Otherwise it wouldn't have plummeted.

mate of mine owns 4 bitcoins but can't find his wallet pwd. i take it theres no way to recover it?

Ah I had no idea this thread existed over here. I'm mostly invested in ETH as well as some OMG, SALT, IOTA, ZRX and DNT. Should be in for some big things over the next few months.