Thread: RIP Bitcoin

Originally Posted by baldrick

^ it is not just whitepaper promises

it has delivered last year on its roadmap

which leads me to belive it will deliver this year also

as you may have noticed it is not very shilled

but I think the privacy and decentralised exchange will garner it a lot more attention

Ok, from the interview you provided:

Originally Posted by baldrick

From a growth perspective, we have roughly 20 people who are active at this point and we hope to double that in the long run. We have plenty of development organization funds to pay people, so it’s a question of getting people to show up.

ok

Originally Posted by baldrick

Regarding the Lightning Network, it’s a bit of black box and I can’t really forecast anything with that. Getting it to work with Decred has been a real bear, so we are still fighting with that and it will be out the door soon.

In terms of things that are coming, a lot is going to happen at once. Lightning Network, privacy, SPV are all going to be released semi-concurrently.t

interesting about the lightning network as it could push btc to a higher level.

Agree with above, trade in and out with only what you can afford to lose. But will still stand by posts hundreds of pages ago about the Block chain tech and companies involved in developing it but the coins are just a ponzi scheme but as long as realise that and got no morals make some coin!!!!

Could make a few quid selling your bitcoin back home at Xmas now , topping up your duty free fag sales

for those who missed Econ 101 when in school, "inflation" means less "fundamental value",

so when BTC goes up, it's actually losing fundamental value

and you guys want to put hard earned money in a fundamental currency like USD or EUR or GBP into a bottomless money pit like Bitcoin ?

Not really, no.







Though I did a few months ago when it was skyrocketing.

Originally Posted by Dragonfly

for those who missed Econ 101 when in school, "inflation" means less "fundamental value",

so when BTC goes up, it's actually losing fundamental value

and you guys want to put hard earned money in a fundamental currency like USD or EUR or GBP into a bottomless money pit like Bitcoin ?

To be fair, that would have been USD losing value.

However, since bitcoin is a ponzi it doesn't really matter. There never was any value in the first place.

pretty good interview with a uc berkely blockchain prof on vox:

https://www.vox.com/conversations/20...urrency-weaver

Nicholas Weaver


So if you go to one of the few legitimate merchants that take Bitcoins, they aren’t actually taking Bitcoins. They’re using a service that allows them to price in dollars, and that service immediately sells the Bitcoins and deposits the dollars with the merchants. So there’s a mandatory conversion step.

If I want to buy something with Bitcoin, I don’t like that the price is bouncing up and down either. So I have to turn my dollars into Bitcoins and then do the transaction, and that is a remarkably costly process. That, in my opinion, is not a system that works.

Sean Illing

It appears that Bitcoin’s main accomplishment is that it allows people to buy things clandestinely, only in an absurdly inefficient way.

Nicholas Weaver

Correct. But if you want to buy something you don’t want people to know about, you can just use a pre-paid credit card. There’s still no need for Bitcoin.

Sean Illing

Is yours a minority opinion in the world of cryptocurrency?

Nicholas Weaver


Yes, because there’s a self-selecting bias. Most people who think this is bogus simply walk away. Those who are believers are believers. Very few people have followed it like I have for five years and still find it ridiculous, but that’s because I’m an academic and I have the space to do it and I find parts of it, especially the criminality, interesting. But the arguments in defense of this stuff are getting loonier and loonier.

Speaking of BTC...

I got an email from some dude in Estonia who said that he'd key-logged and hacked my computer, activated my webcam and had taken a split screen film of me beating off to some porn (i.e. me one one screen, whatever I was thrashing me meat to on the other) and that unless I wanted him to send it to all the contacts in my address book I had to deposit $350 in BTC into his wallet.

I emailed back and said he must have awesome hacking skillzzz to manage to record me because I'd lost all my cash on alts and couldn't afford a laptop with a webcam. I also said he was free to contact me for alternative investment advice.

^So the Smeggler is now an Estonian computer wiz?. Multi talented little fucker isn't he .

I laugh but the thing is there's actually a high probability that that creepy little fat focker has surreptitiously filmed me at some point *shudder*

^If you can't handle 40% loses you ca...

5555


Hopefully I'll be back up to -40% soon.

Originally Posted by Farangrakthai

pretty good interview with a uc berkely blockchain prof on vox:

it's nice to have an academic look at this scientifically, and he is right on all accounts

only blue collars retards like Baldrick are still buying the dream of independent currency, what a bunch of freaking losers

The bottoms in, up, up and away, maybe.

Bitcoin Breakout: Price Jumps $1K in 60 Minutes


Bitcoin rallied over $1,000 in an hour this morning, having spent a better part of the last two weeks trading sideways in a narrow price range.




The speed of the ascent should not come as a surprise as wider the range and the longer the duration of the consolidation zone, the more violent a breakout tends to be.
For now, it appears bitcoin's period of consolidation has ended with a notable bullish breakout. Next, a move to $8,500 cannot be ruled out if the cryptocurrency closes (as per UTC) above $7,510, confirming a bullish double bottom breakout.


https://www.coindesk.com/bitcoin-bre...in-60-minutes/

good time to sell, if holding btc, IMO.

Prolly unrelated but:

A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.

You can blame the mussies

I will blame the blue collaries

And butterfluffer can blame the thick layer of sperm on his face

Originally Posted by Farangrakthai

good time to sell, if holding btc, IMO.

Depending on ur buy price.

Originally Posted by baldrick

You can blame the mussies

I will blame the blue collaries

And butterfluffer can blame the thick layer of sperm on his face

I think you can simply blame stupidity, including your own for believing in all those white paper bullshit

baldrick, I assume you didn't take Algebra 101 in college

can you solve a quadratic equation without using Google or youtube ?