Thread: RIP Bitcoin

  1. #7026
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by Farangrakthai View Post
    blockchain is brilliant and will be used widely in the future, IMO.
    I believe that is obvious to all except for our resident belgian who keeps porn star arseholes moist beween film takes as butt fluffing is his career

    having your subway tokens crypto confirmed in 20 milliseeconds , or your hotel keycard - this will happen

    as has been pointed out many times - this tech is in its infancy , and will move the world just as the interenet has done

  2. #7027
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    Quote Originally Posted by baldrick View Post
    as has been pointed out many times - this tech is in its infancy , and will move the world just as the interenet has done
    bingo!

    https://medium.com/@matteozago/why-t...0-44b2d3620da5

    Calm before the storm

    The birth of blockchain spawned a movement which is set to disrupt the entire tech industry. Blockchain and crypto enthusiasts are calling it the Web 3.0 and it’s looking to make all traditional business models defunct.

    This is because, in short, the technology will facilitate the decentralization of the World Wide Web, thereby equalizing control and ownership back from the grasp of profit hungry corporations.
    earl is right about that, tbf.

    time to put teak door's beloved bullies (ant and a.o.) in jail and release earl (he's harmless, IMO).

    free earl!!!

  3. #7028
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    you guys are delusional if you think that blockchain is more than another hitech fab

  4. #7029
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    how would you simply describe the technology of blockchain, df ( 30-50 words)?

  5. #7030
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    a system to assemble, encrypt and decrypt a messages or transactions payload over a complex network of users

  6. #7031
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by Farangrakthai View Post
    This is because, in short, the technology will facilitate the decentralization of the World Wide Web, thereby equalizing control and ownership back from the grasp of profit hungry corporations.
    "Will facilitate", when today, tomorrow, ten , twenty years? Has anybody even produced any digital decentralised token that actually beats today's competition? In your world wide scenario? It seems the technology of today is failing in the crucial areas, speed, security, regulatory and acceptance.

    There are 7.6 billion people in the world, of which 4.3 billion (60) live in Asia. Lets assume each person has 100 personal facts that need to be stored, updated and made readily available anywhere in the world in a nanosecond on what, a blockchain of how many nodes/databases? I find it hard to believe it's possible.

    India last year basically closed down one system, the Indian government, after being pursuaded by western countries, made people change one token, paper money, for an updated token, new paper money. The country stopped, the people starved, the businesses went broke. That's one "system" add on the other 99 systems and you could say "Bangkok, Beijing, Barbados, Brussels, Burundi, Blackpool, Boston ........ we have a problem".

    How many boxes need to be ticked to buy a house, (I've filled in documents with pages of facts - 100, 200. If one is incorrect the deal fails), how many of the worlds blockchain databases need to be searched to confirm an instantaneous release of title, funds, the existing store of all these things. What if 5 people want the house there are now 5 sets of instantaneous searches/confirmations going on in real-time.

    When the distributed block chain fantasy can equal existing technology in terms of processing and confirmation of "events" VISA may have a competitor. Until then your whistling in the wind nobody except those who "believed" decades ago and their rainbow had arrived only for the rain to stop and disappear. The current market has had a taste of pump and dump, the sheeple have been fleeced once and will be again and again.

    But keep sending your money to hackable, unregulated scammers/skimmers/scoundrels by all means.
    Last edited by OhOh; 27-04-2018 at 01:59 AM.
    A tray full of GOLD is not worth a moment in time.

  7. #7032
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by Dragonfly View Post
    a system to assemble, encrypt and decrypt a messages or transactions payload over a complex network of users
    You missed out, "in a nanosecond" (in the next nanosecond one blockchain entry may have changed) and "in a world wide complex of widely, mega (trillions of records) sized, spatially distributed, digital, databases".

    IMHO
    Last edited by OhOh; 27-04-2018 at 02:03 AM.

  8. #7033
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by OhOh View Post
    "in a nanosecond"
    A nanosecond is an SI unit of time equal to one thousand-millionth of a second - 10 to the minus 9
    please advise me of anything you know of in the world of electronics that happens in a "nano second"

    complex flow and pressure control is easily done in 20 millisecond data points from the AI ADC , so I am not sure why you require things to happen in nano seconds


    Quote Originally Posted by OhOh View Post
    "Will facilitate", when today, tomorrow, ten , twenty years?
    when it is ready - stop asking "are we there yet"

  9. #7034
    Excommunicated baldrick's Avatar
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    lulu will have to hire people to polish his large collection of bombattas by the end of the year

    Cryptocurrency trading by financial firms could increase in 2018 according to Thomson Reuters survey, with approximately 20% of the participants indicating they are considering trading cryptocurrency over the next 3-12 months. The survey was conducted among 400+ clients across all of Thomson Reuters trading solutions including Eikon, REDI, and its FX platforms.
    https://www.thomsonreuters.com/en/pr...g-in-2018.html

  10. #7035
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by baldrick View Post
    please advise me of anything you know of in the world of electronics that happens in a "nano second"
    What is an acceptable time delay before an item may be changed in a distributed blockchain. Divide that time step by the number of transaction that may be searching, changing or notifying a searcher of the guaranteed data.

    If you know those two items the response time can be calculated. Do you know the two variables?

    I don't but allegedly VISA is the current fastest.

    "For private consumers around the globe the most well-known form of e-commerce falls into the business to consumer (B2C) category, which includes online retail or online shopping. It refers to online purchases from bricks-and-mortar retailers, such as Walmart, as well as from web-only online retailing corporations such as Amazon.com or Rakuten.

    "In 2017, an estimated 1.66 billion people worldwide purchase goods online. During the same year, global e-retail sales amounted to 2.3 trillion U.S. dollars and projections show a growth of up to 4.48 trillion U.S. dollars by 2021. In Asia Pacific, e-retail sales accounted for 12.1 percent of retail sales in 2016 but only for 1.8 percent of retail sales in the Middle East and Africa. "

    https://www.statista.com/topics/871/online-shopping/

    This is for one person accessing directly one website and possibly a finacial website, VISA etc. to perform the "financial" transfer.
    The overall digital purchase usage is now 12% of total of retail sales. Expected to increase another 50%, to 17% in another 5 years. That's allegedly 1.6 billion people per year. This type of activity when it hits or is forced down this route would end up at approx 13,300,000,000 transactions per year. Or possibly multiplied by two if a VISA type of confirmation is required.

    That's not a distributed blockchain.

    Multiply that 13,300,000,000 x 2 x the number of applications, lets say 100. it could b 1,000, 10,000 ....... , that's 2,700,000,000,000 transactions/searches/updates etc per year. Do we need to multiply by the different "types of interaction" say another 5 ........

    That's 31,500,000 per second. Can blockchain handle that, can the internet handle that?

    VISA handles the one person to one database, possibly two, a two query to one digital database. It reruns a query - pays out or declines payment, back to a person at an ATM somewhere in the world in an acceptable by most, time step of 5 to 10 seconds. The ATM then spits out the money in another 10 seconds and the receipt in another 10 seconds and returns the VISA card in another 5 seconds. So 35 seconds from card insertion to walking away happy and cash, or angry and a disappointed girl on ones arm.

    If she had only got one of these tattoos.

    RIP Bitcoin-creative-qr-code-designs-13-jpg

    " In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions[clarification needed] with a total volume of US$6.8 trillion.[citation needed][5]

    Visa has operations across all continents worldwide with the exception of Antarctica. Nearly all Visa transactions worldwide are processed through VisaNet at one of two secure facilities: Operations Center East, located somewhere near Ashburn, Virginia; and Operations Center Central, located somewhere near Highlands Ranch, Colorado. Both data centers are heavily secured against natural disasters, crime, and terrorism; can operate independently of each other and from external utilities if necessary; and can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second. Every transaction is checked past 500 variables including 100 fraud-detection parameters—such as the location and spending habits of the customer and the merchant's location – before being accepted.[6][5][7]


    https://en.wikipedia.org/wiki/Visa_Inc.
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-220px-qr_code_for_mobile_english_wikipedia-svg-png   RIP Bitcoin-creative-qr-code-designs-13-jpg  

  11. #7036
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    Future of Cryptocurrency Industry

    The valuation of the cryptocurrency market is currently hovering around $400 billion, which is less than the combined market caps of HSBC and JPMorgan. The cryptocurrency market is still at its early stage and considering that only bitcoin has been around from 2009 to 2015 until the creation of Ethereum and the tokenized ecosystem, the cryptocurrency industry is really less than five years old.

    The fact that startups with about 200 employees have reached multi-billion dollar valuations and beat out major banks such as Deutsche Bank in profitability demonstrate a healthy long-term development of the cryptocurrency market.

    As long as the demand for the cryptocurrency market can be sustained and institutional investors continue to enter the space, similar to how Binance has been able to surpass Germany’s biggest bank in less than 8 months of existence, it is possible that cryptocurrency businesses take over the global finance industry in the next decade or two.

    The exponential growth rate of the market shows the possibility of million-dollar bitcoin price predictions by experts like Tim Draper and Peter Thiel.

    https://www.ccn.com/binance-surpasse...profitability/

  12. #7037
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    Unrelated.

    Buying ETH @ 20,8xx.

  13. #7038
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    Not checked the BTC for a while, it is at around 7'300 Euro for a single BTC unit...
    Still strong compared to the 200 Euro i found expensive back in 2013.

  14. #7039
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    Quote Originally Posted by lob View Post
    wts all this b/s ref ,,,, the charts,,,, we all have access to ,,,, the charts,,,,my dart board , same same. all u need is common sense, u aint got common sense then ur pretty much fucked, charts-an-all.
    im sticking in till 100% prof, currently 23% prof,,,, easily doable.
    i actually have no money of my own in cryptoes, im playing with the 240% i made on the last high, i withdrew my own dosh.
    Best way to do it, good luck, and as your +23% was 4 days ago in a bull market x2 is well within reach, then bail out in prep for the next harvest and you end up with 480% of your original to invest in the next surge. Easy!

  15. #7040
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    Quote Originally Posted by Dragonfly View Post
    what would you know anyhow ? you have no fucking clue on the whole thing like the rest of the clowns, so stop pontificating like you are some kind of expert or authority on the subject, you know shit all, not even the basic math behind it all
    Go on then, what's the basic math behind it all that only you know?

  16. #7041
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    25 Apr, 2018
    deVere CEO: Cryptocurrencies set for another surge in prices. Here’s why


    Current market activity indicates that cryptocurrencies are set for “another considerable surge in prices gains” in the near future and Ethereum’s price could reach $2,500 by the end of the year - but investors should exercise caution.

    This forecast from Nigel Green, the founder and CEO of deVere Group, one of the world’s largest independent financial services organisations, comes after a strong few days in the cryptocurrency markets.

    Mr Green, whose firm launched the cryptocurrency exchange app, deVere Crypto, comments: “Most major cryptocurrencies have been posting big gains over the last few days.

    “Current market activity indicates that the major cryptocurrencies are set for another considerable surge in prices gains in the near future.”

    He continues: “What’s fuelling this current rally in crypto prices? There are several key motivators.
    “These include the growing integration with and adoption by major banks and other financial institutions.

    “Indeed, 20 per cent of all financial firms, ranging from hedge funds to banking giants, are now considering trading digital currencies in the 12 months, according to a new Thomson Reuters survey published this week.

    “Another key reason for the rally is that there’s a growing awareness of the need and demand for digital, global currencies in a digitalised, globalised world.

    “The upward trend is also being triggered by regulation, which most experts now believe is inevitable. This will give investors even more protection and long-term confidence in the market.”

    The deVere CEO believes that despite Bitcoin taking the headlines, Ethereum could be the real story here.

    He notes: “It’s interesting to note that even with an impressive one-week jump of 11.3 per cent, Bitcoin - the world’s largest by market capitalisation – is the worst performer amongst the biggest cryptocurrencies.

    “The price of Ethereum is predicted to increase significantly this year and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020.

    “This general upswing will be fuelled by three mains drivers. First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralisation of cloud computing.”

    Mr Green goes on to say: “Ethereum can be expected to solidify its position as the second most valuable and used cryptocurrency token in the world. This consistency of the Ethereum token will appreciate well into the future. As entrepreneurs, venture capitalists, bankers and financial houses are looking for stability and safer trading conditions, and Ethereum is offering that security.”

    Mr Green concludes: “We’re certainly entering crypto bull territory, with many retail and institutional investors now finding that cryptocurrencies can no longer ignore the opportunities.

    “However, cryptocurrency markets remain volatile. Caution should be exercised and professional advice sought.”

    https://www.devere-group.com/news/Cr...-to-surge.aspx

  17. #7042
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    Having read the above I have to note that it comes across as a classic bit of puff. None of the reasons given for the current price rise have any solid foundations. “Banks are considering trading digital currencies” , “Regulation adding security”, all meaningless waffle.

    Pump and dump.

  18. #7043
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    Quote Originally Posted by Begbie View Post
    Having read the above I have to note that it comes across as a classic bit of puff. None of the reasons given for the current price rise have any solid foundations. “Banks are considering trading digital currencies” , “Regulation adding security”, all meaningless waffle.

    Pump and dump.
    wot e said.

  19. #7044
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    Not that I know if this important, it maybe useful to some regarding the price movement of all tokens but, allegedly:

    Movement In "Tokyo Whale" Wallet Hints At More Crypto Chaos Ahead

    RIP Bitcoin-2018-04-29kobayashi-jpg

    "If recent history is any guide, crypto traders should be bracing for some serious volatility in the price of bitcoin and bitcoin cash during the coming days and weeks.

    And no, it won't be David Tepper's "tepid" (no pun intended) assessment of crypto's value. Rather, as The Next Web's crypto vertical pointed out, the Mt. Gox bankruptcy trustee (who has in the past denied that his trades had ANY impact on the price of bitcoin even though his trades almost exactly correspond to some of the largest dips in recent months), has moved 16,000 bitcoin and 16,000 bitcoin cash to two separate wallets - a decision that TNW says is a sign of another impending dump."

    RIP Bitcoin-2018-04-29btcone-jpg

    RIP Bitcoin-2018-04-29btcchartwo-jpg

    A background chart:

    RIP Bitcoin-2018-04-29btcchart-jpg

    https://www.zerohedge.com/news/2018-...to-chaos-ahead
    Attached Thumbnails Attached Thumbnails RIP Bitcoin-2018-04-29kobayashi-jpg   RIP Bitcoin-2018-04-29btcchart-jpg   RIP Bitcoin-2018-04-29btcone-jpg   RIP Bitcoin-2018-04-29btcchartwo-jpg  
    Last edited by OhOh; 30-04-2018 at 06:38 PM.

  20. #7045
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    Any trader should know early on that scams, manipulation and other questionable activity is perfectly legal and has not surprisingly become the norm in this unregulated market.

    Until (sensible) regs arrive the select few will continue picking up the odd hundred mills here and there whenever they feel poor.

  21. #7046
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    Quote Originally Posted by Begbie View Post
    Having read the above I have to note that it comes across as a classic bit of puff. None of the reasons given for the current price rise have any solid foundations. “Banks are considering trading digital currencies” , “Regulation adding security”, all meaningless waffle.

    Pump and dump.
    DeVere was known to operate illegally in Thailand to siphon expat money in dodgy retirement deals, basically boiler room boys selling techniques

    best company to avoid for your personal investing,

  22. #7047
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    Quote Originally Posted by Dragonfly View Post
    DeVere was known to operate illegally in Thailand
    yep, i recall reading about it.

    google search comes up with drummond who had to leave thailand after he pissed of the mafia when he'd take cameras to ask questions of owners of mafia-operated forex ponzi scheme operations.

    INVESTOR ALERT ? DE VERE - Andrew Drummond

  23. #7048
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    Apparently litecoin is the new bitcoin, get onit like a car bonnet.
    Just invested ....
    https://www.plus500.co.uk/Instruments/LTCUSD

    Mate of mine has made 36K on these, it's fooking mental!
    £25 a pop, minimum 2.
    I've gone all in with £500.....this time next year Rodders

  24. #7049
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    Japan’s Financial Services Agency (FSA) is pressuring local cryptocurrency exchanges to de-list privacy-centric altcoins such as Monero, Zcash, and Dash.Writing in Forbes, Tokyo-based journalist Jake Adelstein reports that sources close to the FSA say the regulatory agency — which has sole authority to grant licenses to cryptocurrency exchanges — is “taking all available steps” to pressure domestic trading platforms to drop support for altcoins that tout the ability for users to make anonymous transactions.
    I guess Proof of Wank coins like Verge won't be worried since their privacy protocol doesn't work anyway.

  25. #7050
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    Quote Originally Posted by Luigi View Post
    Buying ETH @ 20,8xx.







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