Thread: RIP Bitcoin

You’re just parroting buzzwords and phrases.

Originally Posted by baldrick

if that is what she said then her logic is insta-dead and she really does not understand the underlying usefulness of a crypto coin

privacy will be one of the cornerstaones of any successful crypto currency - any drivel about darknets , drugs ,terrorism, kiddie pron is just FUD - the percentages are minimal

cash is slowly falling by the wayside in many countries - Why Sweden is close to becoming a cashless economy - BBC News - and this is dire - not because of its efficiency or utility , which is why the take up is high .

but because of the removal of anonynimity - marketing and insurance are slobbering with excitement at the ability to specifically target individuals and manipulate them or estrange them

and removal of privacy is the first step to the B0rg - I think a successful crypto will be one where privacy is turned on by default , but can be turned off when you wish to record a purchase or sale on the blockchain.

privacy and individualism are intwined - and the advancement of the human race depends on outliers pursuing ideas that most are uncomfortable with

The concept of a 'cashless society' was a buzz term invented as control of the money by a few; it was gradual, well articulated and marketed, while the people had little choice but to accept, and it was working. Then along came blockchain technology which took the same concept of a 'cashless society' to an entirely different level, removing control from the few and throwing them into panic.

Even if we dismiss the clear functional advantages of blockchain, logic still says they should rather have it regulated in plain sight than grow underground causing immense unintended consequences like previous and current prohibitions. But that's logic.

Originally Posted by Mr Earl

Like many, seems you don't quite understand the fundamental construct of what Bitcoin represents.
The open source, globally distributed decentralized network is Bitcoin and blockchain, no Bitcoin no blockchain.
The open source aspect means that Bitcoin can evolve and change with the demand and technology improvements.

LOL, you just described a 1,000 different blockchains/DLTs that all run faster, cheaper and are more scalable than BTC.
Seems like you don't actually understand blockchain or even BTC. You've just subscribed to the philosophy, not the technology.

Originally Posted by ChalkyDee

Wow, if only we had known!

Still, there's profits to be made, although probably too late to become a millionaire.

I put about $20,000 into cryptos last year(June/July/Aug) and cashed that out and playing with house money now, around the same amount. So it's a no lose for me now. Mostly thanks to OMG and Ripple. Zcoin and Monero are the ones I'm expecting/praying will x10 in the next few months.

I doubt we'll see a repeat of 50x and 100x as over the last couple of years, but still think there is scope for quite a few 10x over the next year or two.

Originally Posted by Plan B

Good list. I disagree with premined. It's ridiculous that massive amounts of power should be used to keep the network secure when other cryptocraphic techniques are available. I'm also seeing less and less coin to be confident in. Especially ETH. I'm a big fan of the idea but I haven't seen anything other than a network that gets bogged down with a simple crypto-kitties game. I also see a lot of projects with big dreams and no financial backing other than the coins they issue.

Tech is improving all the time, and there should be impressive breakouts as new and existing coins start meeting what up until now are often ambitious claims. What we're watching imo is much like the early primitive internet or brick phone with a long way to go, which will be faster and sleeker and unrecognisable in the same 20-30 year period.

Fex, BTC can cope with a handful of tps against Visa's 40,000, and while others can do much better and cheaper they fail in other areas...but just like the ZX81, internet, mobiles and electric cars - strap in, long way to go.

Originally Posted by Plan B

Especially ETH. I'm a big fan of the idea but I haven't seen anything other than a network that gets bogged down with a simple crypto-kitties game

every ECR20 token will suffer along with ETH - this is why I am very wary of them and also that they are the base of the majority of scams

technically, looks like btc can soon move way up or way down.

apparently, a break above resistance at 12,000 will open up the chart to 17,000.

dip below support at 9,000 will open up the chart to the next support around 6-6,500.

shall be interesting to see which way it breaks.

Originally Posted by Farangrakthai

technically, looks like btc can soon move way up or way down.

That's about the size of it.

Originally Posted by Plan B

LOL, you just described a 1,000 different blockchains/DLTs that all run faster, cheaper and are more scalable than BTC.
Seems like you don't actually understand blockchain or even BTC. You've just subscribed to the philosophy, not the technology.

Sure blockchain has other applications other than currency; even the Thai Railway system is taking advantage.
But as far as a secure network of global currency, Bitcoin has no peers. That is not philosophy, but plain and simple fact.

Bitcoin is indeed the game changer, which changes itself to the current conditions, and is free from constraints of greedy banksters and warmongering governments.

The cat is out of the bag, the greedy powers see this and hence the quick adoption of fiat style coin like Ripple.
Ripple might be a useful tool for government and banks, but will never be a highly secure store of value like Bitcoin.

Bitcoin is a true revolution government and banksters cannot control.

Ok, cool. But I must say as I am a bitcoin late to the party, I get all my Knowledge , knowledge, knowledge from a programmer of sorts.

Ivan on Tech.

You see a few months ago I asked an IT guy about it and he said " it's not real". All ones and zeros. Now all these frictards are watching coin base day and night.

I was surprised to find my stepson has a few bitchcoins in his virtual wallet. Hell I just pack a piece when in the shitty.
I get that virtually it is reality. I just hope I can step off the merry go round still kicking.

I'm back in the market however still watching blockchain. Maybe I'll miss the boat. Time will tell.

Originally Posted by Farangrakthai

technically, looks like btc can soon move way up or way down.

apparently, a break above resistance at 12,000 will open up the chart to 17,000.

dip below support at 9,000 will open up the chart to the next support around 6-6,500.

shall be interesting to see which way it breaks.

I think next stop 14-5000, then up.

I feel like I'm bashing my head on a brick wall here.
Here goes anyway...

Originally Posted by Mr Earl

But as far as a secure network of global currency, Bitcoin has no peers. That is not philosophy, but plain and simple fact.

Again there's another thousand coins that do the exact same thing. That is not philosophy, but plain and simple fact. Even more than that some of them aren't vulnerable at all to %51 attack so technically they are more secure. They're also faster, more private, more efficient, better governed, and more scalable.

Originally Posted by Mr Earl

which changes itself to the current conditions

ok earl - explain that

what was the last change BTC had and for what conditions did it change ?

if you do not see the clouds on the horizon for bitcoin then yo uare nt understanding

did you read this - https://medium.com/@CobraBitcoin/an-...m-12a6545c20d0

and understand that a change to the algorithm will need the agreement of bitmain - and that is never going to happen

you wouldn't want it - your miners would not work

I dunno what the crypto world will look like in 5 years time - a lot (most) coins will go the way of altavista and netscape (remember when netscape was going to take over the internet) - there may be a google or 2 sitting out there at the moment - or not. I worry that over the next few years there'll be new processes/ concepts that will make ALL of it obsolete overnight.

Joe Schmo public are still along way from wanting/ needing it

Hodling 4 coins now. Every month just add to these. Chasing coins for pumps aint for me.

Originally Posted by uncle junior

Hodling 4 coins now. Every month just add to these. Chasing coins for pumps aint for me.

what's your % profit since you started trading?

^^^

I hear whispers about hashgraph. Gonna be the big new thing! Or the next theory that fails in reality.

At sometime some consensus is gonna be reached by either an industry standard or just popular uptake amongst the masses. SWIFT has been the default for transferring value around the world for 40 years. It does the job and institutions around the globe have all agreed to use it. The new big thing will have those same attributes. Maybe it won't be the best, but it will be the agreed upon standard for the IoV.

I don't know if Joe Schmo public are gonna actually want or need it? It'll all work at layers below the applications they use.

agree that the best solution may not end up being the 'winner' - there are plenty example of that - qwerty keyboards, Windows OS etc.


The tech-heads pushing coins for tech reasons without recognising the market, psychology and political power considerations (which are more influential?)

I just hope I have a few coins of whatever when that becomes clear.

Is ripple being dumped down so the banks can buy it all before installing it as the coin of choice? effed if I know.

Originally Posted by Farangrakthai

what's your % profit since you started trading?

Moves along with the MKT Cap. Been trying to out perform it in the past month or so. Hasn't worked. Just ended up spending more time at the computer moving money around, and haven't done any better than had I just left the money sitting in NEO. I'm sticking with the hodlin.

Originally Posted by uncle junior

...Hasn't worked. Just ended up spending more time at the computer moving money around, and haven't done any better than had I just left the money sitting in NEO. I'm sticking with the hodlin.

Ive pretty much come to that conclusion too - it was fun, but too much time and no better off than holding. Had some good wins but as many (more) losses - and its really irritating to have holdings being chipped away a percent or 2 every day - which was happening in teh boring market.

Originally Posted by Ukan Kizmiaz

Is ripple being dumped down so the banks can buy it all before installing it as the coin of choice? effed if I know.

When it gets dumped it's a conspiracy by the banks to accumulate at low cost before they adopt & pump the price.
When it gets pumped it's a conspiracy by the banks to take money away from BTC so the banks can buy cheap BTC before they adopt and pump the price, or adopt and dump to kill, or adopt and take control, whatever the plan is that the BTC faithful subscribe to.


What is a fact is there is an XRP wallet with 1billion units that's been selling hard these last couple of months. You can see it on the network, the numbers don't lie. No one knows who it belongs to. Again there's plenty of conspiracy theories bouncing around. It won't last forever, it will be empty in a couple of months. It just means low excitement and depressed prices for the foreseeable future. Anyone wanting quick money follow the TA rather than the FA.

Originally Posted by Plan B

I feel like I'm bashing my head on a brick wall here.

You are.

Earl's like a religious fanatic with his BTC worship: he'll just keep repeating the same buzzwords and phrases over and over, logic and objective fact be damned.