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Posted: 5/16/2017 4:27:26 PM EDT
[#1]
Sold my bitcoin for 517 FRNs in 2014. I should have put it back in when it was in the 200s could have gotten two bitcoins.... but I switched phones and never put coinbase back on it and forgot about it.
Now I'm kicking myself. So this doesn't happen again, I want to start buying some every month. Anybody got an idea if I would be better off buying some LTC or just sticking with BTC? I'm trying to get up to date but it seems like a ton has changed, especially with Alts since I was looking into it last. |
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Posted: 5/16/2017 4:51:41 PM EDT
[#2]
Same here.
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Posted: 5/16/2017 4:52:27 PM EDT
[#3]
This does not answer any of my questions thanks.
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Posted: 5/16/2017 6:19:32 PM EDT
[#4]
so what is a good buy right now if I wanted to gamble a bit?
eth? ripple? i got coinbase setup so i can buy eth, but what service to buy ripple? a bit new to this stuff |
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Posted: 5/16/2017 7:45:49 PM EDT
[#5]
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so what is a good buy right now if I wanted to gamble a bit? eth? ripple? i got coinbase setup so i can buy eth, but what service to buy ripple? a bit new to this stuff |
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Posted: 5/16/2017 8:11:41 PM EDT
[#6]
Quote HistoryQuoted:
Sold my bitcoin for 517 FRNs in 2014. I should have put it back in when it was in the 200s could have gotten two bitcoins.... but I switched phones and never put coinbase back on it and forgot about it. Now I'm kicking myself. So this doesn't happen again, I want to start buying some every month. Anybody got an idea if I would be better off buying some LTC or just sticking with BTC? I'm trying to get up to date but it seems like a ton has changed, especially with Alts since I was looking into it last. |
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Posted: 5/16/2017 10:18:35 PM EDT
[#7]
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LTC just went from 4 to 36 to 24 in about two weeks... Lots of volatility, not sure it's a good time to buy. I have quite a bit, but I'm just holding it. Quote HistoryQuoted:
Quoted:
Sold my bitcoin for 517 FRNs in 2014. I should have put it back in when it was in the 200s could have gotten two bitcoins.... but I switched phones and never put coinbase back on it and forgot about it. Now I'm kicking myself. So this doesn't happen again, I want to start buying some every month. Anybody got an idea if I would be better off buying some LTC or just sticking with BTC? I'm trying to get up to date but it seems like a ton has changed, especially with Alts since I was looking into it last. |
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Posted: 5/16/2017 10:40:38 PM EDT
[#8]
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Since the time of your post, LTC is now getting even closer to $20. Quote HistoryQuoted:
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Sold my bitcoin for 517 FRNs in 2014. I should have put it back in when it was in the 200s could have gotten two bitcoins.... but I switched phones and never put coinbase back on it and forgot about it. Now I'm kicking myself. So this doesn't happen again, I want to start buying some every month. Anybody got an idea if I would be better off buying some LTC or just sticking with BTC? I'm trying to get up to date but it seems like a ton has changed, especially with Alts since I was looking into it last. I had a thought to sell at 38 or whatever the peak was (that's close to where it peaked a couple of years ago), but I'm not really holding it to sell for profit right now. I'm looking long game -- I think now that it's on coinbase it will be more mainstream as time goes on. |
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Posted: 5/16/2017 10:44:42 PM EDT
[#9]
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I believe in the arfcom rule of investment: By the time it appears on this site. It's too late. KStanton was posting about it long before it was worth anything meaningful. EDIT: Lol, just found an archived thread from 2013 where people were talking about how big of a ripoff and scam it was at $100 per each. Gonna collapse any day now... |
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Posted: 5/16/2017 10:52:27 PM EDT
[#10]
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Bitcoin appeared on this site like 6 years ago... KStanton was posting about it long before it was worth anything meaningful. EDIT: Lol, just found an archived thread from 2013 where people were talking about how big of a ripoff and scam it was at $100 per each. Gonna collapse any day now... Quote HistoryQuoted:
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I believe in the arfcom rule of investment: By the time it appears on this site. It's too late. KStanton was posting about it long before it was worth anything meaningful. EDIT: Lol, just found an archived thread from 2013 where people were talking about how big of a ripoff and scam it was at $100 per each. Gonna collapse any day now... |
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Posted: 5/16/2017 11:13:00 PM EDT
[#11]
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kstanton left the site sitting on about 12 million bucks, give or take. No idea how much he finally sold out at, but he was in the process of selling it all and retiring to a life of luxury when he did. |
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Posted: 5/16/2017 11:21:54 PM EDT
[#12]
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hoo lee shit |
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Posted: 5/16/2017 11:52:49 PM EDT
[#13]
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Given the drastic spike in btc prices during the week or two after kstanton's post I think he cashed out at closer to 36 million. Quote HistoryQuoted:
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hoo lee shit |
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Posted: 5/16/2017 11:55:54 PM EDT
[#14]
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Like it or not, blockchain is the future. |
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Posted: 5/16/2017 11:57:12 PM EDT
[#15]
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My pile of ETH wants to believe. |
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Posted: 5/16/2017 11:57:13 PM EDT
[#16]
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you didn't fucking invest wisely, you got lucky, just like the degenerate gamblers at vegas that "wins" every one in a while. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" Quote HistoryQuoted:
you didn't fucking invest wisely, you got lucky, just like the degenerate gamblers at vegas that "wins" every one in a while. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" Quoted:
I got in on ETH sub $20 |
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Posted: 5/17/2017 8:49:10 AM EDT
[#17]
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This guy is fucking salty. Lol. I don't have a ton, but my avg is also well under 20. Quote HistoryQuoted:
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you didn't fucking invest wisely, you got lucky, just like the degenerate gamblers at vegas that "wins" every one in a while. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" Quoted:
I got in on ETH sub $20 
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Posted: 5/17/2017 9:32:15 AM EDT
[#18]
Do we have a cryptocurrency thread? Is there an official one somewhere?
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Posted: 5/17/2017 12:40:09 PM EDT
[#19]
Do all of these site where you open an account require identity documents to comply with FATCA?
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Posted: 5/17/2017 12:41:11 PM EDT
[#20]
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Do all of these site where you open an account require identity documents to comply with FATCA? localbitcoins.com is the best way to acquire BTC without federal reporting. |
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Posted: 5/17/2017 3:55:01 PM EDT
[#21]
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Yep. localbitcoins.com is the best way to acquire BTC without federal reporting. |
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Posted: 5/17/2017 3:56:59 PM EDT
[#22]
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I'm really more concerned with privacy than Federal reporting. I don't fuck around on my taxes. Quote HistoryQuoted:
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Yep. localbitcoins.com is the best way to acquire BTC without federal reporting. |
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Posted: 5/18/2017 8:32:17 AM EDT
[#23]
If you're in crypto and you don't know who this guy is, then you're doing it wrong:
Union Square's Wilson on VC Market |
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Posted: 5/18/2017 8:15:23 PM EDT
[#24]
Please update thread title to 'Bitcoin surpasses $1900US'.
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Posted: 5/18/2017 8:27:17 PM EDT
[#25]
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Please update thread title to 'Bitcoin surpasses $1900US'. |
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Posted: 5/18/2017 8:35:17 PM EDT
[#26]
Good news, but guys, don't bet the farm on this speculating in Bitcoin.
It is simply the first widely accepted entrant in the world of digital currency. It is far from perfect, and has both technical and regulatory issues that the powers-that-be can't accept. World governments and the banking industry have not counterpunched yet. Do NOT think they won't. As this plays out, the distributed peer-to-peer direct nature will continue to be desirable for some. But not for all, most of whom just want convenience and low fees. For those people, a "better" option is coming. Here's a bit of an e-mail I just got from ITU. Read it and think about what will happen to Bitcoin as these government-based digital currencies are rolled out. (For those who don't know ITU, it's a UN agency with nation-states as its primary members (corporations and other orgs have a kind of second-class membership.) Subject: New ITU-T Focus Group Digital Currency including Digital Fiat Currency We are pleased to invite you to join the work of the new ITU-T Focus Group on Digital Currency including Digital Fiat Currency (FG DFC). This Focus Group aims to build a bridge between ITU’s technical expertise and the requirements of financial-services stakeholders interested in implementing secure digital fiat currency. Our objectives The Focus Group will seek input from a diverse selection of stakeholders to develop a ‘reference architecture’ describing the components and dynamics of the ecosystem to support digital fiat currency. The group will investigate technical platforms capable of providing the security necessary to prevent the counterfeiting of digital fiat currency, in addition describing demands on network infrastructure and functionality. Analyzing the features and characteristics of digital fiat currency platforms, the group will explore how digital fiat currency could assist in overcoming the interoperability challenges associated with closed-loop payment systems. The Focus Group will be chaired by David Wen, Chief Scientist of eCurrency. |
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Posted: 5/18/2017 8:56:05 PM EDT
[#27]
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Spoken like a true Bitcoin maximalist.  Quote HistoryQuoted:
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I have two reasons why I'm not in the Etherium camp. The first is that the creator, Vitalik Buterin, is what Arfcom would consider the classic Autist. He's the most intelligent developer I've ever seen, bar none, but his ability to grow the community around Etherium that it needs to succeed is lacking. I don't trust that he won't make a terrible decision because it makes sense technically but damages the coin's reputation. The second is that Etherium's central purpose - encoding contracts using formal logic - is something that I think some people believe they want, but no one actually wants. Consider that a judge's job is often about the intent of the parties and determining if one of them is acting in bad faith. With an Etherium contract, intent is irrelevant. If you write a contract with buggy logic (and no code can be written that is free of bugs), you're betting every penny you put behind the contract that it cannot be exploited. That's terrifying. Not to mention governance structures. No government regulator is going to allow a seal of approval on a cryptocurrency architecture where it's possible for a fork to drain value from a 401K account. Period. |
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Posted: 5/19/2017 8:45:35 AM EDT
[#28]
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His points are valid. Quote HistoryQuoted:
His points are valid. Quoted:
And the point about smart contracts and the inevitability of bugs is an interesting one, and one that many people can understand. Quoted:
Not to mention governance structures. No government regulator is going to allow a seal of approval on a cryptocurrency architecture where it's possible for a fork to drain value from a 401K account. Period. They will however force the birthing of a new economy. Bitcoin was supposed to be dead how many times by now? Here it is pushing new highs. The same narrative and FUD is now routinely pushed by BTC maximalists about ETH. Here it is pushing new highs. Soon there will be something else...pushing new highs. Like I said before, we're literally at the dawning of a new technological revolution. Many people will fight it and resist it to their own detriment. Others will wed themselves ideologically to their "chosen" coin (in most cases BTC right now), again to their own detriment. Others will intelligently seek out and identify projects of opportunity and potential value and they will be rewarded accordingly. Just like those who did the same during the onset of the internet. Lastly, BTC dominance has cratered through the 50% mark and not likely to come back ever again. This is the one time where I'm actually confident in saying, "it's different this time". http://www.zerohedge.com/news/2017-05-19/bitcoin-soars-above-1950-despite-losing-crypto-dominance |
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Posted: 5/19/2017 10:11:05 AM EDT
[#29]
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Actually, they're not. They're the typical, regurgitated anti-"choose your coin" (in this case ETH) FUD talking points. Not that interesting at all. Trillions of $$ are routinely transmitted around the world running on centralized software that is every bit as capable of being "buggy". None of these peer-to-peer, decentralized, trustless systems are meant to be 401K replacements. They will however force the birthing of a new economy. Bitcoin was supposed to be dead how many times by now? Here it is pushing new highs. The same narrative and FUD is now routinely pushed by BTC maximalists about ETH. Here it is pushing new highs. Soon there will be something else...pushing new highs. Like I said before, we're literally at the dawning of a new technological revolution. Many people will fight it and resist it to their own detriment. Others will wed themselves ideologically to their "chosen" coin (in most cases BTC right now), again to their own detriment. Others will intelligently seek out and identify projects of opportunity and potential value and they will be rewarded accordingly. Just like those who did the same during the onset of the internet. Lastly, BTC dominance has cratered through the 50% mark and not likely to come back ever again. This is the one time where I'm actually confident in saying, "it's different this time". http://www.zerohedge.com/news/2017-05-19/bitcoin-soars-above-1950-despite-losing-crypto-dominance  Don't.
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Posted: 5/19/2017 10:12:04 AM EDT
[#30]
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Actually, they're not. They're the typical, regurgitated anti-"choose your coin" (in this case ETH) FUD talking points. Not that interesting at all. Trillions of $$ are routinely transmitted around the world running on centralized software that is every bit as capable of being "buggy". None of these peer-to-peer, decentralized, trustless systems are meant to be 401K replacements. They will however force the birthing of a new economy. Bitcoin was supposed to be dead how many times by now? Here it is pushing new highs. The same narrative and FUD is now routinely pushed by BTC maximalists about ETH. Here it is pushing new highs. Soon there will be something else...pushing new highs. Like I said before, we're literally at the dawning of a new technological revolution. Many people will fight it and resist it to their own detriment. Others will wed themselves ideologically to their "chosen" coin (in most cases BTC right now), again to their own detriment. Others will intelligently seek out and identify projects of opportunity and potential value and they will be rewarded accordingly. Just like those who did the same during the onset of the internet. Lastly, BTC dominance has cratered through the 50% mark and not likely to come back ever again. This is the one time where I'm actually confident in saying, "it's different this time". http://www.zerohedge.com/news/2017-05-19/bitcoin-soars-above-1950-despite-losing-crypto-dominance Quote HistoryQuoted:
Quoted:
His points are valid. Quoted:
And the point about smart contracts and the inevitability of bugs is an interesting one, and one that many people can understand. Quoted:
Not to mention governance structures. No government regulator is going to allow a seal of approval on a cryptocurrency architecture where it's possible for a fork to drain value from a 401K account. Period. They will however force the birthing of a new economy. Bitcoin was supposed to be dead how many times by now? Here it is pushing new highs. The same narrative and FUD is now routinely pushed by BTC maximalists about ETH. Here it is pushing new highs. Soon there will be something else...pushing new highs. Like I said before, we're literally at the dawning of a new technological revolution. Many people will fight it and resist it to their own detriment. Others will wed themselves ideologically to their "chosen" coin (in most cases BTC right now), again to their own detriment. Others will intelligently seek out and identify projects of opportunity and potential value and they will be rewarded accordingly. Just like those who did the same during the onset of the internet. Lastly, BTC dominance has cratered through the 50% mark and not likely to come back ever again. This is the one time where I'm actually confident in saying, "it's different this time". http://www.zerohedge.com/news/2017-05-19/bitcoin-soars-above-1950-despite-losing-crypto-dominance Yes, Bitcoin is <50% of the total crypto market right now. I agree that it's extremely unlikely to ever regain a commanding dominance - but what I'm seeing is that crypto in general is gaining against USD. To me, that indicates that more people are becoming interested in the concept, and that's a good thing. What I don't see is any clear leader in the crowd of altcoins out there with the exception of Ethereum, in which I don't have faith for the reasons I previous stated. There are fortunes that will be made (and lost) in cryptocoins in the coming years. I had my shot at making my fortune with Bitcoin, and while I didn't make "life-changing" money out of it, I did well enough. FWIW, I still have a ton of altcoins from when I was playing with them, back when Cryptsy was new. I got in touch with the people behind that exchange and they scared the shit out of me; I pulled ~2 BTC (at the time) worth of various altcoins out of the exchange and just sat on it. I have no idea what they're worth right now; I'll check in a year or two. |
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Posted: 5/19/2017 10:21:51 AM EDT
[#31]
So what is everyone's thoughts on litecoin. I have some ETH, and am contemplating buying more of that vs some litecoin.
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Posted: 5/19/2017 10:33:07 AM EDT
[#32]
Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off?
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Posted: 5/19/2017 10:38:19 AM EDT
[#33]
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? One of the primary draws to bct (and many crypto coins in general) is that they are deflationary in nature. Every time someone loses their BTC password, their coin(s) are lost forever. This increases the value of the coins that are left. IMO, anything without a hard cap is going to zero, you don't even get the reassurance of a government requiring people to accept it. |
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Posted: 5/19/2017 11:23:31 AM EDT
[#34]
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No, actually they are, and when you dismiss some issues that are obvious, you run the risk of coming across as someone who, for whatever reason, wants to pump Ethereum rabidly like a penny-stock shill on an investment message board. Don't.I only mentioned ETH twice in my previous reply because SimonPhoto's earlier commentary about ETH. I hold a variety of crypto right now, including BTC. You seem to be pretty defensive about ETH. Not sure why. 
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Posted: 5/19/2017 11:37:07 AM EDT
[#35]
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it. |
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Posted: 5/19/2017 11:46:27 AM EDT
[#36]
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Deflationary, not Inflationary. But yeah, the big draw of BTC for speculators is that it's method of scaling up to handle more value is to deflate by design. Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it. Quote HistoryQuoted:
Quoted:
Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it.
Does ETH have a hard cap or no? Also, does anyone ever think there will be a "stock split" type of event with these currencies? Make it smaller denominations for transactions? Stocks do it for psycological reasons (people have a higher tendency to buy if the price per share is $20-$100). |
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Posted: 5/19/2017 11:49:05 AM EDT
[#37]
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I've seen that story. Fuck
Does ETH have a hard cap or no? Quote HistoryQuoted:
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it.
Does ETH have a hard cap or no? ETH should have been destroyed when they did that. |
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Posted: 5/19/2017 11:50:29 AM EDT
[#38]
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It doesn't matter, because whenever the developer doesn't like how it works he just hard forks it and makes it something different, and for some reason the community follows him. ETH should have been destroyed when they did that. Quote HistoryQuoted:
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it.
Does ETH have a hard cap or no? ETH should have been destroyed when they did that. |
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Posted: 5/19/2017 11:52:05 AM EDT
[#39]
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That's quite a stretch. I only mentioned ETH twice in my previous reply because SimonPhoto's earlier commentary about ETH. I hold a variety of crypto right now, including BTC. You seem to be pretty defensive about ETH. Not sure why. Quote HistoryQuoted:
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No, actually they are, and when you dismiss some issues that are obvious, you run the risk of coming across as someone who, for whatever reason, wants to pump Ethereum rabidly like a penny-stock shill on an investment message board. Don't.I only mentioned ETH twice in my previous reply because SimonPhoto's earlier commentary about ETH. I hold a variety of crypto right now, including BTC. You seem to be pretty defensive about ETH. Not sure why. Defensive about Ethereum? Nope. If anything, I would hate to see people who can barely spell Bitcoin or Ethereum or Ripple or Sexcoin or whatever putting money in thinking it's a can't lose investment. It's speculation, and I shared some of the other issues that will affect future value and acceptance of these decentralized cryptocurrencies, which should be a factor for anyone thinking about putting in a toe. |
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Posted: 5/19/2017 11:54:03 AM EDT
[#40]
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What did they do with ETH? I'm fairly new to all of this. Quote HistoryQuoted:
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it.
Does ETH have a hard cap or no? ETH should have been destroyed when they did that. |
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Posted: 5/19/2017 11:54:26 AM EDT
[#41]
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Your apparent enthusiasm for Ethereum stretches beyond the current thread -- see http://www.ar15.com/forums/t_1_5/1993243_Bitcoin---Should-I-cash-out-.html. That's fine; everybody has a favorite contender for something, I guess. Defensive about Ethereum? Nope. If anything, I would hate to see people who can barely spell Bitcoin or Ethereum or Ripple or Sexcoin or whatever putting money in thinking it's a can't lose investment. It's speculation, and I shared some of the other issues that will affect future value and acceptance of these decentralized cryptocurrencies, which should be a factor for anyone thinking about putting in a toe. Quote HistoryQuoted:
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No, actually they are, and when you dismiss some issues that are obvious, you run the risk of coming across as someone who, for whatever reason, wants to pump Ethereum rabidly like a penny-stock shill on an investment message board. Don't.I only mentioned ETH twice in my previous reply because SimonPhoto's earlier commentary about ETH. I hold a variety of crypto right now, including BTC. You seem to be pretty defensive about ETH. Not sure why. Defensive about Ethereum? Nope. If anything, I would hate to see people who can barely spell Bitcoin or Ethereum or Ripple or Sexcoin or whatever putting money in thinking it's a can't lose investment. It's speculation, and I shared some of the other issues that will affect future value and acceptance of these decentralized cryptocurrencies, which should be a factor for anyone thinking about putting in a toe. |
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Posted: 5/19/2017 11:58:41 AM EDT
[#42]
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https://bitcoinmagazine.com/articles/op-ed-why-ethereums-hard-fork-will-cause-problems-coming-year/ Quote HistoryQuoted:
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it.
Does ETH have a hard cap or no? ETH should have been destroyed when they did that.
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Posted: 5/19/2017 12:00:53 PM EDT
[#43]
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Damn. My enthusiasm just took a hit. Quote HistoryQuoted:
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it.
Does ETH have a hard cap or no? ETH should have been destroyed when they did that. Why in the fuck coinbase bought in I cannot fathom. |
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Posted: 5/19/2017 12:03:52 PM EDT
[#44]
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ETH is a shitcoin run by people who have no business anywhere near something like it. Why in the fuck coinbase bought in I cannot fathom. |
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Posted: 5/19/2017 12:09:29 PM EDT
[#45]
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Which crypto currencies do you like? Quote HistoryQuoted:
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ETH is a shitcoin run by people who have no business anywhere near something like it. Why in the fuck coinbase bought in I cannot fathom. |
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Posted: 5/19/2017 12:14:47 PM EDT
[#46]
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Damn. My enthusiasm just took a hit. Quote HistoryQuoted:
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it.
Does ETH have a hard cap or no? ETH should have been destroyed when they did that. The forking/governance issues discussed in that article exist for Ethereum, but also for Bitcoin and any others built atop permissionless blockchains. The current model will not fly with governments and regulators looking at digital currencies (and related tech such as blockchain for application in other areas). I can't put it any more plainly than that. It's one thing for Linus Torvalds to start throwing hissy fits and shitting on Linux kernel developers. Oooh, an Open Source project bogs down, news at 10! But when you get into the realm of financial transactions and value on the scale on which this is being implemented ... there's a different standard of reliability and control that gets applied. |
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Posted: 5/19/2017 12:18:31 PM EDT
[#47]
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An excerpt: "Soft forks and hard forks are becoming an accepted way of life for blockchains, and that is dangerous. . . . All parties have a right to know beforehand how issues will be resolved. Future blockchains need built-in governance systems." The forking/governance issues discussed in that article exist for Ethereum, but also for Bitcoin and any others built atop permissionless blockchains. The current model will not fly with governments and regulators looking at digital currencies (and related tech such as blockchain for application in other areas). I can't put it any more plainly than that. It's one thing for Linus Torvalds to start throwing hissy fits and shitting on Linux kernel developers. Oooh, an Open Source project bogs down, news at 10! But when you get into the realm of financial transactions and value on the scale on which this is being implemented ... there's a different standard of reliability and control that gets applied. Quote HistoryQuoted:
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it.
Does ETH have a hard cap or no? ETH should have been destroyed when they did that. The forking/governance issues discussed in that article exist for Ethereum, but also for Bitcoin and any others built atop permissionless blockchains. The current model will not fly with governments and regulators looking at digital currencies (and related tech such as blockchain for application in other areas). I can't put it any more plainly than that. It's one thing for Linus Torvalds to start throwing hissy fits and shitting on Linux kernel developers. Oooh, an Open Source project bogs down, news at 10! But when you get into the realm of financial transactions and value on the scale on which this is being implemented ... there's a different standard of reliability and control that gets applied. ETH started as a premine, which is the canonical mark of a shitcoin. Then instead of absorbing the losses when the dev's errors got him robbed, he simply forced a hard fork to get the money back -- retroactively -- which as far as I know has never been done before. There are so many issues with how this was done. |
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Posted: 5/19/2017 12:22:14 PM EDT
[#48]
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I've seen that story. Fuck
Does ETH have a hard cap or no? Also, does anyone ever think there will be a "stock split" type of event with these currencies? Make it smaller denominations for transactions? Stocks do it for psycological reasons (people have a higher tendency to buy if the price per share is $20-$100). Quote HistoryQuoted:
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Also, I have been researching some altcoins, and noticed some have upper caps on the number that can be found, and some do not. So some are inflationary in nature, and some are not? Wouldn't the ones that are not inflationary have an advantage in long term price? Or am I totally off? Back in 2010, 10,000 BTC was the price for a Pizza. Now it's like 0.01 BTC. Also, that really happened. That poor son of a bitch paid $19.5 Million for a pizza in 2017 dollars. The thread still exists here: https://bitcointalk.org/index.php?topic=137.0 It's painful to even think about it.
Does ETH have a hard cap or no? Also, does anyone ever think there will be a "stock split" type of event with these currencies? Make it smaller denominations for transactions? Stocks do it for psycological reasons (people have a higher tendency to buy if the price per share is $20-$100). One mBTC is $1.95 per each right now. |
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Posted: 5/19/2017 12:55:58 PM EDT
[#49]
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So which would you look at now and why? The current discussions related to forking, control, governance, are still up in the air and it is not clear which way things will turn. Each project has the potential to shoot its foot off. Government interest in developing digital currency alternatives that they control is visible to the public now. Those two things indicate, to me, some caution. Again, this ain't no sure thing. It's speculation, and a lot of the new money entering is relatively uninformed. Are they breathless tulip-bulb buyers, or people buying Microsoft in its first week of trading? Buying without understanding is just the same as buying a penny stock based on a glowing report from AnonymousUser33424 ... Are ya feelin' lucky? If I wanted a piece of this emerging area -- and I've said this before -- I would be looking hard at the blockchain concept itself, decoupled from cryptocurrency. At startups, or at publicly traded companies whose move into blockchain was significant enough it would affect their bottom line. For example, a little googling will show that pharma as an industry is definitely going to be a player in this space. Will there be centralized services companies? So how will the deployment/service area there get factored out, who will benefit, and what services will they be providing? Or, there are innovative uses exploding into existence almost constantly now. Blockchain is one of the more disruptive technologies I've seen in a while. (The analogy I've been using is the development of spreadsheet software: massive usefulness was detected and it transformed business.) That permissioned/permissionless thing is going to be a pivot point where application domains go one way or the other based on which setup gives them the feature set they want for their application domain. |
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Posted: 5/19/2017 1:21:23 PM EDT
[#50]
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ETH is a shitcoin run by people who have no business anywhere near something like it. Why in the fuck coinbase bought in I cannot fathom. You want to stalk about a shitcoin now? Let's talk about LTC. Charlie Lee (you do know how he is, right?!) is one of the biggest pump 'n dumpers there is. The fact that he works for Coinbase and Coinbase actually listed that piece of crap is just shameful. Can you say conflict of interest? |
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