Started by Kate the Bionic Uterus, December 20, 2013, 11:35:32 PM
Quote from: Lord Grantham on December 12, 2017, 02:02:22 PMShort answer: NoLong answer: Nope
Quote from: Lord Grantham on November 27, 2017, 12:55:09 PMPut your money where your fucking mouth is or shut up. I'd still sell when I did. https://twitter.com/conorsen/status/934962608905637888
Quote from: Gd5150 on December 14, 2017, 04:38:55 PMOutrageous! When are you going to push for bitcoin â€œneutralityâ€?
Quote from: Lord Grantham on December 14, 2017, 08:54:06 PMWhat does that even mean? And don't give me that "you're too dumb to understand" routine.
Quote from: Gd5150 on December 14, 2017, 11:01:55 PMClearly youâ€™re too brainless to figure it out.If Demokkkrat price controls are good enough for ISPs then theyâ€™re good enough for crypto currency. The comparison is easy to understand for anyone who thinks for themselves. Your ignorance Once again confirms youâ€™re dumbass lemming who needs an opinion spoonfed to him by the MSM before he can put forward an opinion. Well done!
Quote from: Lord Grantham on December 15, 2017, 04:50:38 AM"dog whistle"
Quote from: Radio Activity on December 15, 2017, 07:36:37 PMA boy asked his bitcoin-investing dad for 1 bitcoin for his birthday. Dad: What? $15,554??? Are you kidding? $14,822 is a lot of money son! Besides, what do you need $17,381 for anyway?
Quote from: guest on December 15, 2017, 07:38:44 PMvery lame and old joke
Quote from: albrecht on December 12, 2017, 02:33:11 PM Someone in Wall St needs to teach these kids how to have a proper "bubble."
Quote from: WOTR on December 17, 2017, 03:26:17 AMLG is only partially correct when he says "no." There are now, financial instruments coming on stream. I believe that i had mentioned that there is a fund on the CME that is bitcoin futures (started trading last week.) There is another fund starting Sunday (I forget which) and Americatrade is going to allow them Monday. Futures is one way that they can screw around. There is a fund out there that is "bitwise hold 10." This will allow investors to purchase the top 10 cryptocurriences. (sort of like index funds.) It only had a 4 million investment to start with- so it will not move markets- but it is a step in the right direction to allow every jackass with fiat laying around who does not have a clue to invest.Now, I do not know if bitwise hold 10 will actually purchase the underlying assets (crypto), or if they will just guarantee it in fiat, or even more questionable, purchase it on the futures market and start hedging (they could only purchase 1 out of the top 10 cryptos on the futures market at present.)I will also add that I have spent a little time thinking about it. The fact that crypto is valued in fiat currency (you can buy and sell it for fiat) makes it open to manipulation by anybody who can print money (think banks and governments.) Somebody is investing the billions- it is is not joe six pack- it is people backed by deep pockets driving up the price.Right now, it is the wild west (and has been since the start of bitcoin- but it used to be smaller stakes.) Even with some regulation around the derivative markets, I do not know how you can regulate something so decentralized. Hell, Monero (coin) does not even have a public ledger where you can see who sends coins, who has coins, who many were sent or where they were sent to... Very difficult to regulate.I short, when you look at the behaviours that big banks have engaged in (derivatives and speculative investments) in the past that crashed the system, I can see this possibly ending VERY badly for all fiat based currencies (the world) with more bail outs for banks who hoped to make profits and made stupid bets.I do not believe this is anywhere near the end of the bubble. The banks just started fucking with the currency recently. There is more to go before they completely screw everything up... Give it time to see the grand daddy of all bubbles- we are not there yet.- the first derivative only traded last week...***On a side note, I hope that MD posts here when he buys his first bitcoin. That will be my cue to exit the market immediately.
Quote from: albrecht on December 17, 2017, 05:00:54 PMI've seen a couple articles alleging N Koreans involvement and making money.getting around sanctions , of course, there is always the Russians. Not sure if that is factual or just a way for governments to start to try to 'crackdown' or regulate? I see that the UK and EU have announced a crackdown on Bitcoin etc for tax compliance issues and anti-money laundering. But I see ads here about investing one's 401k into Bitcoins. That will go well once it crashes.
Quote from: Dr. MD MD on December 17, 2017, 04:49:07 AMThat's probably not going to happen but I'll be here to laugh at you when your ideas fail...AGAIN!
Quote from: WOTR on December 17, 2017, 06:18:06 PMi believe that S. Korea runs some of the largest exchanges. China probably mines more BTC than anybody else (but I seem to recall that they banned exchanges.)Venezuela has announced their own crypto- the "petro" that is supposed to be backed by oil (I have no idea how you back a crypto with real world assets when you cannot back your own fiat, and I have not taken even two minutes to look into it.)There is no doubt that countries can use crypto to get around sanctions If you can get USD, you could buy crypto and use that. As N. Korea has hackers ( the Sony thing), I assume that they have people smart enough to use bitcoin and profit.I was reading a statement by the founder of litecoin (a branch of bitcoin) who is welcoming some regulation. I don't think that anybody will be able to regulate bitcoin itself. There is a reason it was used by drug dealers on the silk road- and there are other crypto currencies out there who are far more secretive. (We could have a debate about the idea of "blacklisting" parts of bitcoin and some of the technologies out there- but that seems a little more in depth than warranted.) However, somebody does need to regulate exchanges, derivatives, investments and there should be tax paid on profits (once you swap it out for fiat. Before then it is too easy to swap currency to currency and they will never regulate out that part...)I believe that around 3 people in the US declared a profit from bitcoin in the last several years...
Quote from: WOTR on December 17, 2017, 06:35:19 PM[size=78%][/size]***I am thinking of giving my 10 year old nieces a couple of litecoin or portion of bitcoin for Christmas. They will either thank me in a decade or it will be an shining example of Uncle WOTR's eccentricities.
Quote from: Dr. MD MD on December 17, 2017, 07:56:13 PMThey'll most likely come to think of you as a capitalist pigdog and start plotting your murder which will, of course, include ritual cannibalism. Enjoy your profits!
Quote from: albrecht on December 17, 2017, 06:40:11 PMI laughed at the Venezuela thing. The country that has the most proven reserves in the world is a basket case.C2C recently had some guy on about crypto currencies. Larimer?Some kind of father and son team but I forget which was on. As an aside and other subject I saw posted here about some radio host in The Great White North named Gary Bell (!?) who did a UFO/Conspiracy show? He was fired because he mentioned some "Joose" conspiracy theory. Ever heard of him?
Quote from: WOTR on December 18, 2017, 11:40:20 PMthat was one of the few c2c's that I had heard lately. I think it was a guest host that night... He actually was a credible guest (in some ways.) My biggest complaint was that I believed his outlook to be overly optimistic for blockchain. Yes, it is an amazing technology- but he was talking about people using it to connect with their customers ordering concrete or plywood... It is funny. I had thought at the time that his overly skewed outlook would be due to his spending his days surrounded by an echo chamber of positivity (developers who may be overly optimistic.) On the other hand, perhaps my lack of vision is because I cannot see what is coming up in the next few years and they have an inside track?Regardless, I heard the name Gary Bell. Maybe here. I never did find out what he actually said...
Quote from: WOTR on December 17, 2017, 03:26:17 AMSomebody is investing the billions- it is is not joe six pack- it is people backed by deep pockets driving up the price.
Quote from: albrecht on December 20, 2017, 07:07:15 PMhttps://www.marketwatch.com/story/this-professional-dominatrix-made-men-mine-1-million-in-cryptocurrency-for-her-2017-12-20
Quote from: bateman on December 20, 2017, 05:03:59 PM[tweet]943610072957177856[/tweet]
Quote from: 21st Century Man on December 20, 2017, 11:22:57 PM[/font]Seems like he could make some money with that serpent. Of course, he probably has erectile dysfunction. LOL. Stretching it with weights might be the cause of that little problem.HARD UP ...Man with worldâ€™s largest penis is now registered disabled because his 18inch member is so bigâ€¦ but he refuses to get a reductionhttps://www.thesun.co.uk/news/5180952/man-with-worlds-largest-penis-is-now-registered-disabled-because-his-18inch-member-is-so-big-but-he-refuses-to-get-a-reduction/
Quote from: bateman on December 20, 2017, 05:03:59 PMhttps://twitter.com/KraToZz94/status/943610072957177856
Quote from: WOTR on December 24, 2017, 03:15:49 AMThere are a lot of scams, a lot of "pump and dump's" and a lot of gullible optimists. The backers of every coin scream from the rooftops to hold your ___coin because it is going to get to $___ any day now. Often this advice follows an ICO (initial coin offering) and generally the developers who control a large amount are busy dumping it while the fools buy or hold it.Despite the hundreds of "alt coins' out there, very few offer anything unique or substantially different from the big players that would make them worth holding (there are exceptions- but even then most are just a variation on the theme.)