Thread: RIP Bitcoin

Originally Posted by Farangrakthai

Ant: you're the one with a weird compulsion to always have the last word.

so, this morning you responded to a post I made over the weekend.

well after the discussion had already moved on.

Err, you just admited to trolling this thread to try to start a flame-war.

Are you trying to make this thread about me so you can whine it's about me again, FaRT?

Originally Posted by Farangrakthai

ant: "look at me, look at me"

So 'Yes' then.

Originally Posted by Dillinger

Not ws bad as Lulu's -72.6% deficit bud

Originally Posted by Dillinger

Not ws bad as Lulu's -72.6% deficit bud

Gonna owe them money in a few days bud.

Originally Posted by Luigi

Just totalled up my long-term portfolio for the first time in a month.

-45.7%

Which is the lowest it's been.

On the bounce!


Reckon I'm up to around -40% today.

Meet the First American to Sell Her Home Using Blockchain

On February 20, Vermonter Katherine Purcell did something extraordinary: She sold her home. And yes, people sell their homes every year—scores of them. But Purcell’s sale was fundamentally different: There’s a record of it on a blockchain.
In 2017, the city of South Burlington, Vermont, agreed to begin recording real estate transactions on the Ethereum blockchain as part of a pilot program with Propy, a real estate platform developed by a San Francisco-based startup. The idea behind Propy: it allows anyone to buy or sell real estate, anywhere, completely online. Propy’s blockchain records each step in the transaction, from expressing interest in a property to signing agreements to title transfers.

https://futurism.com/first-american-...me-blockchain/

That’s interesting but you’ve got to wonder with housing issues going on in so many countries if raising your head above the parapet like that isn’t going to see it lopped off.

it is being reported that twitter is going to prohibit all crypto-related ads (coins, ICOs, wallets, etc...) on its site very soon.

considering that google and facebook have already taken this step, how are the general public going to hear about these coins? reddit? c'mon.

and then when you consider the new regulations and taxes that are definitely coming, it seems clear that these coins (and BTC in particular) are going to be manipulated up and down by the big players for a little until they inevitably pull the rug out. in the end (and who knows when that is) i would think that most of the remaining coins will be knocked down to something approaching parity with traditional currencies.

Originally Posted by Luigi

Meet the First American to Sell Her Home Using Blockchain

On February 20, Vermonter Katherine Purcell did something extraordinary: She sold her home. And yes, people sell their homes every year—scores of them. But Purcell’s sale was fundamentally different: There’s a record of it on a blockchain.
In 2017, the city of South Burlington, Vermont, agreed to begin recording real estate transactions on the Ethereum blockchain as part of a pilot program with Propy, a real estate platform developed by a San Francisco-based startup. The idea behind Propy: it allows anyone to buy or sell real estate, anywhere, completely online. Propy’s blockchain records each step in the transaction, from expressing interest in a property to signing agreements to title transfers.

yep, definitely the future of blockchain in action: smart contracts.

Originally Posted by raycarey

it is being reported that twitter is going to prohibit all crypto-related ads (coins, ICOs, wallets, etc...) on its site very soon.

considering that google and facebook have already taken this step, how are the general public going to hear about these coins? reddit? c'mon.

and then when you consider the new regulations and taxes that are definitely coming, it seems clear that these coins (and BTC in particular) are going to be manipulated up and down by the big players for a little until they inevitably pull the rug out. in the end (and who knows when that is) i would think that most of the remaining coins will be knocked down to something approaching parity with traditional currencies.

So much fud. Go get a cup of coffee, it'll pass.

Originally Posted by AntRobertson

That’s interesting but you’ve got to wonder with housing issues going on in so many countries if raising your head above the parapet like that isn’t going to see it lopped off.

are you talking about "propy" or the house owner?

https://futurism.com/first-american-...me-blockchain/

In 2017, the city of South Burlington, Vermont, agreed to begin recording real estate transactions on the Ethereum blockchain as part of a pilot programwith Propy, a real estate platform developed by a San Francisco-based startup. The idea behind Propy: it allows anyone to buy or sell real estate, anywhere, completely online. Propy’s blockchain records each step in the transaction, from expressing interest in a property to signing agreements to title transfers.


This makes the process more secure than sales conducted through traditional methods. A person couldn’t say they didn’t receive a payment or never signed a document, nor could they alter public records by hacking the city’s server. There’s an immutable record of every action on a virtually unhackable ledger.

Originally Posted by uncle junior

So much fud. Go get a cup of coffee, it'll pass.

Ray is one of those people who actually derives joyful meaning in his life, by being negative an spreading FUD.

Very unlikely he owns any crypto.

Very likely he will wind up on the dole or SS fighting to spend worthless fiat for some meager rations.

Originally Posted by uncle junior

So much fud

zero fear.
a small amount of uncertainty
lots of doubt.

Originally Posted by raycarey

uncertainty
lots of doubt.

ud...

All this has to happen if cryptos are gonna stick around. I've pretty much given up on seeing any profit this year. It'll bounce back sooner or later.

Originally Posted by Farangrakthai

are you talking about "propy" or the house owner?

https://futurism.com/first-american-...me-blockchain/

In 2017, the city of South Burlington, Vermont, agreed to begin recording real estate transactions on the Ethereum blockchain as part of a pilot programwith Propy, a real estate platform developed by a San Francisco-based startup. The idea behind Propy: it allows anyone to buy or sell real estate, anywhere, completely online. Propy’s blockchain records each step in the transaction, from expressing interest in a property to signing agreements to title transfers.


This makes the process more secure than sales conducted through traditional methods. A person couldn’t say they didn’t receive a payment or never signed a document, nor could they alter public records by hacking the city’s server. There’s an immutable record of every action on a virtually unhackable ledger.

Land, marriages, ID, ledgers will eventually reside on blockchain protocols. Effectively making almost all government as we know it obsolete.

A concept of "earth citizenship" is now conceivable. Which would make current nation states as we know them also obsolete.

Originally Posted by raycarey

zero fear.

Originally Posted by raycarey

a small amount of uncertainty

FFS Reacharound. What is it?????????????

You think you can play with the big white boys? Give it up before you hurt yourself!

Get back on my chain gang boy where you belong!

Originally Posted by Mr Earl

A concept of "earth citizenship" is now conceivable.

you don't know what the word 'conceivable' means, do you?

quick, go google the definition and then come back with a lame retort.


and btw, while the concept of earth citizenship has been 'conceivable' for centuries, it's about as likely to happen as BTC at 1,000,000 USD in 2020...or ever.

half-wit.

Originally Posted by Mr Earl

Effectively making almost all government as we know it obsolete.

seems unlikely, IMO.

Originally Posted by Mr Earl

Land, marriages, ID, ledgers will eventually reside on blockchain protocols.

seems likely, IMO.

Originally Posted by uncle junior

All this has to happen if cryptos are gonna stick around. I've pretty much given up on seeing any profit this year. It'll bounce back sooner or later.

most of the cryptos will just be used to pay fees for transactions on the surviving blockchains and not worth that much in the end, i'm guessing.

better to invest in the companies that will successfully use blockchain.

tend to agree with these sentiments:

https://www.cnbc.com/2018/03/19/advi...n-bitcoin.html

"It's the wild, wild west," said Ron Carson, founder and CEO of Carson Wealth Management Group. "But trying to pick a cryptocurrency today is a fool's game. Unless you're in gambling mode, I wouldn't put any money into cryptocurrency right now."

However, Carson does see opportunity in blockchain technology.

"Blockchain will enable peer-to-peer exchange of value and services. This thing is real," he said. "It's going to transform our economy."

While Curtis admits she doesn't see a real positive in bitcoin investments, she is bullish when it comes to blockchain technology. "It's less hackable, and it can be applied to so many other industries," she said.

"Our clients ask us about bitcoin more out of a curiosity; they are generally not risk seekers," said McClanahan of Life Planning Partners. Plus, she tells them if they want to invest in bitcoins now "for fun," it's fine. "But don't put a lot [of money] in now, because you have missed the boat," she said.

McClanahan said she explains to clients that blockchain technology "is going to be huge."

"Blockchain technology is going to be able to do a lot of great things, so it makes sense to consider that as an investment opportunity," she said. "But we will do that through a diversified portfolio.

1 minute video here:

https://www.cnbc.com/2018/03/19/advi...n-bitcoin.html

Originally Posted by raycarey

it seems clear that these coins (and BTC in particular) are going to be manipulated up and down by the big players for a little until they inevitably pull the rug out.

probably and it's interesting that negative news like mt gox, regulations, google/facebook/twitter banning (fundamentals) comes out at just the right time: charts (technicals) are forming a double top, for example.

Originally Posted by OhOh

Originally Posted by Farangrakthai

better to invest in the companies that will successfully use blockchain.

You mean like the googles hold on the internet? seepost #6499?

how about you post it...

oh this post?

it frickin' nonsense (doesn't even discuss the question it poses) and you trolling this thread with no knowledge of what you're talking about is silly.

Originally Posted by OhOh

What to buy eh, and make a profit?

In the world of blockchain, who will get to be Google?

The World Wide Web has come a long way from the early days of Netscape and now a battle looms between the old and new media

Remember Netscape? It was the first company in the world to attempt to properly commercialize the World Wide Web by launching, in December, 1994, the first graphical interface.
Before Netscape the internet was a strange, clunky but intriguingly new place of pixelated text, command-line code and weirdly chirping dial-up modems. It’s strange to listen to that now but even stranger perhaps, in today’s world of 3D printing, the Internet of Things and ubiquitous smartphones, to remember that this all started only two decades ago.

Back then the internet was used mainly by academia, the US military and hippyish, kind-of-anarchic, nerds. Netscape’s web browser was transformative in that it turned the internet into a point-and-click environment which made it, for the first time, accessible to millions.

Netscape’s star burned, and burned brightly for a little more than 10 years. It went public in August 1995, only months after its launch, and the IPO astounded its 20-something owners by raising $3 billion, despite the fact that Netscape had yet to make one cent in profit. It was this IPO that has since been said to have started the Dot-Com bubble.

The internet giant of the day, America Online – later to become AOL, ? – announced it wanted to buy Netscape in 1998 and did so a year later for $4.2 billion. Netscape was killed off by AOL in 2008 after being crushed by Microsoft in the so-called “browser wars” of the late 1990s. The browser that started it all, and at one time had more than 90% of the browser market share, had only 0.6% when it died. By then Microsoft’s Internet Explorer had 78%.


By selling out to the dark side?

cont

In the world of blockchain, who will get to be Google? | Asia Times

^

Yeah, a brief history of the dotcom bubble and that's all.

Have we reached a bottom?
No big news from G20. Business as usual for crypto.
166k BTC dump from Mt Gox on hold till September.
Crypto projects keep announcing developments despite value drop.

^ these revelations to people that have willingly posted their lives and thoughts online could engage a backlash against all this newfangled stuff

drumpfs implosion cannot be too far off which would cause a lot of FUD

people are starting to realise that most of the projects and ICOs have not delivered anything despite promises

I saw a warning posed on a crypto-group this morning to not make any posts about suicide (even in jest) and a plea for anyone who was actually serious to contact the admin.