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Posted on 11/29/17 at 11:47 am to Centinel
quote:Yep. There’s a damn good chance that half of the 1326 listed cryptos on coinmarketcap.com won’t be there in 12 months.
Not all cryptocurrencies will prove to be successful. But the underlying tech of block chain will be
Do your homework or find someone you trust/pay to do it for you.
Posted on 11/29/17 at 11:50 am to HempHead
quote:
always cracks me up to see folks talking shite about bitcoin crashing when they aren't financially impacted by its valuation at all. Sounds like some of y'all are pissed that you didn't make a lucrative investment and try to downplay the reality.
Bitcoin is a joke. Watch what happens when just a few people start selling their shares over the next couple days! The bottom is going to fall out of that summabitch faster than a sissy can go through a bag of dicks. If anyone owns this stock, they need to sell it all yesterday!!
Posted on 11/29/17 at 11:51 am to Supermoto Tiger
quote:
If anyone owns this stock, they need to sell it all yesterday!!
Posted on 11/29/17 at 11:51 am to Supermoto Tiger
quote:
If anyone owns this stock, they need to sell it all yesterday!!
well they would have lost about $700 per coin if they did that
This post was edited on 11/29/17 at 11:53 am
Posted on 11/29/17 at 11:51 am to Supermoto Tiger
quote:
Bitcoin is a joke. Watch what happens when just a few people start selling their shares over the next couple days! The bottom is going to fall out of that summabitch faster than a sissy can go through a bag of dicks. If anyone owns this stock, they need to sell it all yesterday!!
I hope so
I'll just buy more
Posted on 11/29/17 at 11:52 am to Supermoto Tiger
quote:
If anyone owns this stock
Posted on 11/29/17 at 11:56 am to Centinel
quote:
You should probably start with cryptography, then move on to block chains once you have a good grasp of cryptography.
Once you understand those two things, you'll have your answer.
This troubles me most about these threads. The "you don't understand" response.
I have been researching this stuff for years and had many conversations with Wiki about it. The BTC overlord.
All the things you highlight are about the technology, not the function of a currency.
The problems that BTC creates as use as a global currency are not yet solved and thus far, no one has an answer for. Which is why I asked.
**I am not shitting on BTC** I believe it will be better used as an extension of current currencies, government use and other transaction functions.
Posted on 11/29/17 at 11:57 am to Carson123987
setting up an account on coinbase and linking a bank account, its asking for credentials. is that on the up and up, im not sure i want to use my username and password on a different site
Posted on 11/29/17 at 11:58 am to Happygilmore
WkiTiger just bought a private island.
Posted on 11/29/17 at 11:58 am to Happygilmore
quote:
its asking for credentials. is that on the up and up
Yes. Its a FDIC insured company. Its basically like dealing with a bank.
Youre good to go.
Posted on 11/29/17 at 12:00 pm to JayDeerTay84
quote:
All the things you highlight are about the technology, not the function of a currency.
It is a currency. The fact this currency is 1's and 0's is irrelevant. And it's the technology that makes this currency secure.
Use as a currency is only the first major application of block chain technology. Next up will probably be smart contracts.
Posted on 11/29/17 at 12:02 pm to Bullfrog
quote:
It’s not no regulation, it’s self or internal regulation because of technology
I would imagine that with government acceptance and regulation the price will sink to a more stable range.
quote:
Do you check health department reports before you go eat at a new restaurant or Yelp? Health Dept. is becoming irrelevant.
No need to because the health regulations enforce standards. I know there is a basic level of safety and sanitary laws that must be followed for operation. I check reviews for customer service and product quality.
quote:Again, Uber is following laws on the books. Some regulation is needed for basic public safety. The technology, however, is why Uber is successful.
Also look for the spread of the use of the Uber rating system. Currently, your poor rating may have you not getting a ride.
quote:
As that system spreads, your poor reputation will stop people from doing business with you. Or you’ll pay a lot more until your behavior improves.
Again, this does not allow for legal recourse or a set of standards.
Who gives a shite if some restaurant has good reviews if all the people who eat there get a disease over time from use of poor standards or the importing of infected goods not yet discovered until after the fact?
This idea of BTC has a global currency will only work with government acceptance as a legal tender. I just dont see any other way around it.
Again, not shitting on it. I like the tech.
Glad people are making money off this right now.
I have some XRP.
Posted on 11/29/17 at 12:03 pm to Centinel
quote:
It is a currency. The fact this currency is 1's and 0's is irrelevant. And it's the technology that makes this currency secure.
Use as a currency is only the first major application of block chain technology. Next up will probably be smart contracts.
Though majority of it is used for making money. Very small percent use for exchange of goods.
In-fact, anyone buying bread with BTC right now would be a damned idiot.
Posted on 11/29/17 at 12:03 pm to Centinel
quote:
The fact this currency is 1's and 0's is irrelevant.
The coins in Super Mario Bros were 1’s and 0’s too. I’d be rich as frick if i hadn’t thrown my NES away
Posted on 11/29/17 at 12:06 pm to Thib-a-doe Tiger
So I thought it would be fun to look at BTC price history and if someone felt like BTC was the future back in 2009 and invested 30k in BTC, they would be a billionaire right now.
Posted on 11/29/17 at 12:08 pm to 50_Tiger
quote:
So I thought it would be fun to look at BTC price history and if someone felt like BTC was the future back in 2009 and invested 30k in BTC, they would be a billionaire right now.
They would of had nads of steel. What a ride they would have taken!
Posted on 11/29/17 at 12:10 pm to JayDeerTay84
quote:
They would of had nads of steel. What a ride they would have taken!
It would have to be one of those situations where you set it and forget it.
Imagine waking up one morning to see your 30k investment turn into 55B
Man can the government even tax that gain?
Posted on 11/29/17 at 12:17 pm to Deactived
got it to work, is there really a 7 day waiting period from time of deposit to actual use of the funds?
eta: i deposited USD today when i started new account, bought bitcoin. it said it will arrive in 7 days. it takes 7 days before i can go to the exchange with it to get IOTA?
eta: i deposited USD today when i started new account, bought bitcoin. it said it will arrive in 7 days. it takes 7 days before i can go to the exchange with it to get IOTA?
This post was edited on 11/29/17 at 12:40 pm
Posted on 11/29/17 at 12:30 pm to JayDeerTay84
I’m not claiming Yelp is perfect but it is a better regulator of restaurants than the Health Dept.
I’m also not claiming Bitcoin is perfect but it is becoming better money and a better store of value than any government regulated currency.
The problem with you bureaucratically minded folks (not a put down, just an observation) is you insist on the rules of the past to handle a quickly changing technological financial system and world. The past is dying.
That “It needs regulation” cry is stuck in the past.
You know people are 3D printIng workable prosthetics and donating them? This is allowing little kids to have useable arms and legs. Your wanted regulations says that’s illegal. But it’s being done anyway.
The prosthetic manufacturers are screaming for enforcement of regulations. That’s stuck in the past and that world is becoming irrelevant as kids are walking and holds things.
Your choice to poo-poo it all away until it’s “safe”. Just wait until the IoT is happening.
Good luck. Time to fish or cut bait.
I’m also not claiming Bitcoin is perfect but it is becoming better money and a better store of value than any government regulated currency.
The problem with you bureaucratically minded folks (not a put down, just an observation) is you insist on the rules of the past to handle a quickly changing technological financial system and world. The past is dying.
That “It needs regulation” cry is stuck in the past.
You know people are 3D printIng workable prosthetics and donating them? This is allowing little kids to have useable arms and legs. Your wanted regulations says that’s illegal. But it’s being done anyway.
The prosthetic manufacturers are screaming for enforcement of regulations. That’s stuck in the past and that world is becoming irrelevant as kids are walking and holds things.
Your choice to poo-poo it all away until it’s “safe”. Just wait until the IoT is happening.
Good luck. Time to fish or cut bait.
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