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Thread: RIP Bitcoin

  1. #1
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    RIP Bitcoin

    This last days have seen a plunge after Mike Hearn exited over flaws...

    The Chinese mined over 50% of it

    https://www.techinasia.com/talk/rip-bitcoin-time-move

    It is still at just under 400Usd for the moment

    Here a link to a graph, over a year form 250 to 450 and around 400 now...

    https://blockchain.info/charts/market-price
    Last edited by forreachingme; 27-01-2016 at 12:34 PM.
    Monday,Tuesday, then it goes WTF !

  2. #2
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    Mike Hearn out, Bitcoin not yet completely branded a failure

    Another article where people quite happy Hearn is out..

    Bitcoin Branded a Failure as Media Erupts Over Mike Hearn Exit - CoinDesk

  3. #3
    disturbance in the Turnip baldrick's Avatar
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    if you have a box sitting around doing nothing - install linux and start with the zcash alpha

    https://github.com/Electric-Coin-Com...ic-Alpha-Guide

  4. #4
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    Flat

    Well the crash day did not occur yesterday as predicted by many after the outing of major investor Mike Hearn...

    The Bitcoin remained around 395 Usd, yesterday 27 January 2016.


    Bitcoin in circulation through the years

    15,029,500 Bitcoin as of December, 2015

    Bitcoin are produced through a process called "mining". There is an upper limit of 21 million bitcoin that will ever be mined. The number of coins that are mined in each block is called the "reward". This reward decreases as time passes. Reward was 25 a year ago or so...

    The last 7% of bitcoin will be mined over a timespan of 100 years. Those years are not included in this chart.

    The price before July 2010 is unknown because there were no markets. Baldrick you might suggest the mining of zcash is at that stage as per Bitocin 2010 ? Damn so many those cryptocurrencies in existence already this days...

    Darkcoin that became Dashcoin and Litecoin look like to be on top after Bitcoin...

  5. #5
    Cenosillicaphobiac
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    Quote Originally Posted by baldrick
    zcash alpha
    Why zcash?
    Why not one of the 500 other cryptocurrencies?

  6. #6
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    When illusion becomes reality.

    End of days.

  7. #7
    disturbance in the Turnip baldrick's Avatar
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    Quote Originally Posted by Plan B
    Why zcash? Why not one of the 500 other cryptocurrencies?
    it is just starting
    the FAQ here - https://github.com/Electric-Coin-Company/zcash/wiki/FAQ

  8. #8
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    I have a mate sitting in jail in Bangkok waiting to be extradited to the US by the FBI and CIA for such internet currency exchange.

    TRUE!

  9. #9
    lom
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    Quote Originally Posted by Loy Toy
    I have a mate sitting in jail in Bangkok waiting to be extradited to the US by the FBI and CIA for such internet currency exchange.
    If those two organizations are involved then the case is likely about more than simple currency exchange.

  10. #10
    lom
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    Quote Originally Posted by baldrick
    it is just starting
    Their FAQ says it will start for real in end of 2016
    (by which time the people behind this BitCoin clone will have mined enough of the easy to mine coins for themselves)

    What, me cynical?

  11. #11
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    Well they say Zcash runs on trial mode and all will be reset at some point

    Q3 shall see this reset and the real launch

  12. #12
    Cenosillicaphobiac
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    Quote Originally Posted by Loy Toy
    I have a mate sitting in jail in Bangkok waiting to be extradited to the US by the FBI and CIA for such internet currency exchange. TRUE!
    Not an uncommon story. Seems to be a trend of exchanges opening, gaining trust, punters keeping money in the exchange to trade, and then the exchange being 'hacked' with a substantial amount of coin and an employee or two going missing.

  13. #13
    Cenosillicaphobiac
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    zcash looks like just another bitcoin variation. There are a hundred different coins based on bitcoin that promise to be faster, better, more private, stronger than before. All with their own whitepaper to prove their viability.

    The positive is that it's yet to start mining so early adopters could fill their boots, wait till the Chinese P&D it, and make a profit if they time the sell right.
    Ronald McDonald never sells to children. He informs and inspires through magic and fun.

  14. #14
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    Do not follow mainstream media to get real Bitcoin news

    Bitcoin is remaining ok, mainstream media tried to blow a big horn...

    $378.36 | 334.52 | 2581.15 | 265.88
    1h -0.05% | 1d -0.9% | 7d -2.19% | 1m -15.52%

  15. #15
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    Back above the 400 Usd...

    $401.7 | 352.6 | 2714.01 | 277.21
    1h +1.29% | 1d +2.27% | 7d +6.31% | 1m -2.98%

  16. #16
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    Fluctuations...

    $436.27 0.04% Change$0.16market Cap$6.741btotal Btc15,452,025

  17. #17
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    Bitcoin is the financial version of The Emperor's New Clothes.

  18. #18
    Cenosillicaphobiac
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    An informative read for those that might be interested.



    The Finanser Interviews: Jeffrey Robinson, Author of ?Bitcon, the naked truth about bitcoin? ? Chris Skinner's blog


    TLDR: The blockchain technology could be groundbreaking but bitcoin the currency is not the saviour.

  19. #19
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    The bitcoin today at 528,60 Euro...

  20. #20
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    August 16 still over 500 Euro...

    24h price change
    ▲ $1.11 USD 0.19% $574.99USD

    24h global trading volume
    ฿ 46,608.07

    high $575.03 USD

    low$565.44 USD

    market average $573.84 USD

    sliding average $572.24 USD


    Bitcoin currency markets

    currency volume % volume ฿ last price cross price
    USD 72.04 33,575.25 573.84 USD 573.84 USD
    EUR 14.76 6,879.61 507.84 EUR 573.73 USD
    RUB 2.66 1,239.61 37227.31 RUB 583.16 USD
    GBP 2.14 998.58 451.12 GBP 585.51 USD
    CNY 1.38 642.94 3784.86 CNY 571.73 USD
    AUD 1.17 543.27 770.44 AUD 595.96 USD

    May be Burning Man event will see more exchanged, hmm no signal, nothing for sale there...

  21. #21
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    Many people have said that Pokemon Go monsters will be the next world currency.

    Better get out there and start collecting!

    Just try to stay off the military bases.

    And mine fields.

  22. #22
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    In the main time, stays strong...

    $580.8 | 514.03 | 3845.77 | 447.0
    1h +0.34% | 1d +1.05% | 7d -0.36% | 1m -12.09%

  23. #23
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    September 6, 2016 Still going strong and up...

    $608.1 | 541.79 | 4078.95 | 465.89
    1h -0.29% | 1d -0.38% | 7d +5.14% | 1m +3.0%

  24. #24
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    September 9 2016

    Going strong, i heard October each year is subject to big moves since US Taxpayers need cash... Trend to sale might start any day with a sharp drop in value, let's see...

    $626.36 | 555.5 | 4130.0 | 477.28
    1h +0.48% | 1d -0.28% | 7d +8.23% | 1m +4.73%

  25. #25
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    Will it reach the 600 Euro ?

    October 12 - 2016

    Bitcoin Price ‏@Bitcoin10min 2m2 minutes ago View translation

    $641.04 | 579.16 | 4316.71 | 529.05

    1h +0.5% | 1d +3.58% | 7d +4.26% | 1m +1.2%

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