Bitcoin
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- WhiteFace0
I bought 4 Bitcoin a few years ago for about £600, thought is was a big waste of money at the time but was pleasantly surprised when I checked the prices recently... Not sure how to get them off my old laptop though :/
- scarabin0
i got 4 at $100 a pop... made the mistake of putting them in a silk road wallet... which the FBI confiscated :(
nobody would sell me any after that– i think i got on some kind of list
- Calderone20000
I've got one ethereum ;-) I got it like a month ago. Tripled in value since then
- sted0
Explore the visualized history of the cryptocurrencies
- ********0
saw a couple in the park today hanging out at the bathrooms with a new 4 runner and trailer with bitcoin.com labeled over it. there 4 runner was full and clearly be living out of and im guessing there shower break. quite odd
- someone translate?drgs
- Couple (not assuming genders) drive/live in their 4Runner that pulls a trailer that has a bitcoin graphic on it. They might shower.BabySnakes
- what is this bathroom place at which people hang out?drgs
- wat?detritus
- ding ding baby********
- at least some people read it as it is********
- Calderone20000
Any thoughts on Ethereum? I have the feeling the hype is over.
- Calderone20000
MtGox thief caught
- pinkfloyd1
I barely know anything about bitcoins, but is https://blockchain.info or https://www.coinbase.com/ a legitimate place to have bitcoins?
- kgvs720
Whoppercoin is hosted on a blockchain platform called Waves http://www.adweek.com/creativity…
- I have some waves. Pretty stable coin.inteliboy
- burger king's own cryptocurrency?sarahfailin
- drgs0
I sure wish I bought 1 month ago^
50% gain in one month
- detritus0
The two most significant problems with Bitcoin as a replacement for money as I see it are the maximum amount of transactions it can handle, and the disgusting amount of energy required to commit each transaction.
I've read that each transaction takes around 3kWh (!) and there's a global maximum of 20M transactions per month...
https://runeksvendsen.github.io/…
So that leave bitcoin as some sort of alternate savings or security, neither of which are proven, the former of which is tentuous given the drastic fluctuations these things seem to encounter.
- 'tentuous' should be a word.
Chrtst, I need to put the heating on - fingers are cramping :\detritus - Bitcoin will never replace money, Bitcoin is a replacement for golddrgs
- The lightning network on top of the bitcoin blockchain should solve a lot of the scalability issuesCalderone2000
- If I do a transaction with my smartphone wallet it doesn't cost me any energy. Miners confirming the transactions and closing the blocks use the energy...Calderone2000
- ... but that is what they call 'mining'. And they are rewarded bitcoin for their efforts.Calderone2000
- how much energy it takes to support all banks, credit cards, financial institutions?zaq
- Plenty, but for orers of magnitude more money, also excess consumption to solve complexity isn't a fundamental build-in of the systemdetritus
- @calder - I need t ofind my source, but I'm under the impression that figure was post mined coin, rather for simply refreshing the chain across the network.detritus
- Bitcoin is a speculative bubble. The tech may survive when fed banks and institutions embrace their own block chain. Beyond that, it's niche gambling.formed
- 'tentuous' should be a word.
- nb3
Cheeky fucker!
- drgs1
- drgs3
If you think about all potential BTC users out there who don't have BTC yet (say, if Amazon jumps on the wagon etc) vs people who own BTC at this moment. The share of the former is probably 99% vs 1% of all possible users.
70-80% of all BTCs are already mined and in circulation or lost. So, basically, 1% owns 70-80% of all possible BTC wealth. How will this grim imbalance even out?
On top of this:
Bitcoin's electricity consumption as a percentage of the world's electricity consumption 0.13%
https://digiconomist.net/bitcoin…
Shit's fucked up.The blockchain is outdated, but there is a replacement:
https://medium.com/@norbert.gehr…- Interesting. I completely agree with the assertion that BC is more akin to Gold than to currency. The energy consumption alone is enough to stymie wide usagedetritus
- This IOTA is completely new to me (I don't spend much time in this space) - do you have any?detritus
- I'm waiting for Bittrex (my exchange) to add itdrgs
- E-CoinArmandoEstrada
- Anyway, this IOTA coin is very early in development, some people even say they've butchered it with custom crypto hash functions etc, but the idea is theredrgs
- I gave in and bought in at 1.25 USD/IOTA
https://coinmarketca…drgs - makes sense. the price of BTC is like rare artwork at the moment. people clamoring to obtain it as a future investment...it's like a 'clean cash' dumping place.lvl_13
- for fucking once I do something right, 10 USD by january!
https://coinmarketca…drgs - where did you buy from?lvl_13
- bitfinex.comdrgs
- plash0
BTN about to hit $10K this week?
- Calderone20001
Big bloodbath right now
- sted1
Coinbase Ordered to Turn Over Identities of 14,355 Cryptocurrency Traders to the IRS
- yuekit0
It's interesting how many financial types will criticize Bitcoin and call it a bubble or a ponzi scheme.
It may well be viewed in retrospect a bubble but I haven't heard any convincing explanations for what would cause the bubble to pop.
Is $11k the absolute upper limit? $20k? $50k?
No one knows right now, and it would be silly to pretend they do.
- Because of no tangible value. The thought is that when the big boys bail the rest are left holding the baby. The worthless baby.Hayzilla
- Wouldn't the value be in the technology and the fact that it has gained widespread adoption?yuekit
- Yea it's been widely adopted. But it can also potentially be widely un-adopted again.Hayzilla
- As Hayzilla points out current Bitcoin price is only true for the 5% early sellers, after that its a black voiddrgs
- I guess the point I was making is that the usual criticisms (such as no tangible value, not backed by government) don't seem to have much bearing on whether ityuekit
- Bitcoin market cap is normally defined as current price x all BTC, this is of course BSdrgs
- continues to gain or not. There is clearly a lot of interest in owning crypto as a store of value regardless of those critiques.yuekit
- ^ as a medium of transaction (get in, get out), it's great. As a "store of value" it's really insecure. and the alt coins might be better at transactions...monNom
- there are charts/mathematics that project 1btc = 1millioninteliboy
- also - in theory, qbners, a site of nerds and tech designers should be rich as fuck now with crypto.inteliboy
- ^ I'm willing to invest with you if you let me know what the fuck it is all about ;-)Hayzilla