Thread: RIP Bitcoin

guess who uses bitcoin?


the 12 russians indicted for hacking the democrats.

https://www.wired.com/story/russian-hackers-bitcoin/


eventually regular people might use these coins, but right now it seems like it's only criminals.

Oh yeah this thread reminds me...

So sold all my cryptos and converted them to wheelcoins:



Not the ones originally intended but oh well. Still the best investment eva!

It's up significantly

^ Easy enough to foresee, bought yesterday AM.



Can sell now for 10%, but will hold off and sell at either 8% or 20%.

Or 15% if it gets to above and then drops.


Even odds for 8% or 15% sell.

BTC has had a strong 48 hours.

i'm sure those 1,000 people who own 40% of all BTC have nothing to do with it.

What's the story on DCR? I heard something about a divi, like NEO (GAS); nothing on CMC.

if yo uhave enough DCR to buy a ticket you can stake it and it is used in the Proof of Stake part of the bock validation concensus

you earn 1.3 DCR at the moment when your ticket is used - your DCR is locked up until your ticket votes - you don't lose your DCR , nor can it be taken from you as it stays in your wallet

on average a ticket will be used every 28 days , so for now it is an approximately 20 % per year return

you nutters are still buying BTC ?

Originally Posted by baldrick

if yo uhave enough DCR to buy a ticket you can stake it and it is used in the Proof of Stake part of the bock validation concensus

you earn 1.3 DCR at the moment when your ticket is used - your DCR is locked up until your ticket votes - you don't lose your DCR , nor can it be taken from you as it stays in your wallet

on average a ticket will be used every 28 days , so for now it is an approximately 20 % per year return

How many DCR is enough to 'buy' a ticket? Does that involve actually trading the DCR for the ticket? Once with the ticket, what do you mean by staking it as PoS, etc? Do I need to physically 'buy' or register somewhere, or is it done automatically once there is enough DCR in my wallet, and then is this monthly thing down to me or also automatic?

Reason I ask is that with NEO the GAS builds up regardless, and I can log in and collect it any time with no limit or expiration.

I'm sure there are simple answers though the little I read online has whooshed.

tia, beginning to like dcr.

you keep your DCR in your wallet on your computer - you are using it as a stake to buy your ticket , but only the proof that you have it is used - it is just locked for the time it takes for your ticket to vote - anywhere between 12 hours and 140 odd days - but average of 28 days

currently you will need about 6500 USD of DCR to buy one ticket - though ticket splitting is coming

most people use a stakepool - which they pay about 2% of the 1.3 DCR reward they recieve when their ticket votes - the stakepool takes care of being online 24 hours a day etc
the wallet is becoming capable - but I have the staakepool email me when my ticket votes as it takes about 24 hours after the vote for your DCR to be unlocked and then I just buy another ticket


try this thread - https://www.reddit.com/r/decred/comm...ing_questions/

Quotes from the recent congressional hearings:

"it seems likely that the use of cash will continue to fall, and it's worth noting that there is a tipping point at which, even if consumers seek to use cash, businesses and banks will not want to deal with it. What happens then?
one possibility is that people will be content to transact primarily in commercial bank deposits, and things will be 'business as usual' with a much smaller cash component to the monetary base. Another possibility is that people will demand direct access to some form of digital, central bank-issued money as a replacement for cash. And a third possibility is that people will turn to privately-issued cryptocurrencies like bitcoin. these options are not mutually-exclusive, nor are they independent."

"If you think about the previous Congressman's question (Mr. Sherman), about 'what is the point of cryptocurrencies,' there are many inefficiencies that lurk in the financial system, including ones that result in crisis, but also if you think about payments, either using your Visa; if you think about cross-border settlement of transactions; those are painfully slow sometimes, and expensive.These technologies, in principle, provide a way of getting around those issues. They, in principle.... could make transactions much easier to verify... to follow through, they could insure finality of settlement of transactions, and bring down the cost. We're not quite there yet, but that's the prospect."

Originally Posted by Dragonfly

you nutters are still buying BTC ?

These are the 'Holding on For Dear Life'rs.

Like meerkats they put their heads above the paraphet now and again, usually to be savagely attacked shortly after

Nice 23% bump for Augur overnight.

Originally Posted by Luigi

Nice 23% bump

What's 23% of almost nothing?

56,347b




Grrr.

Looks like a top bloke.

Nice bump.

Put some profits into 2 buys yesterday:

Bought BTC to sell at 240k as a loss or 265k for profit.

Just hitting 263,500 now after a nice morning rally. Will change it to 260k selling point or 270k reassessment (265/280) .


Lost on a Rep buy with 1,500 or 1,100 selling points.

Originally Posted by Luigi

Put some profits

Profits?

This is worse than your World Cup shenanigans

264800 and rising fast.

It's not too late to invest in my wheelcoin.

Guaranteed returns!*











































*For me.

something is clearly happening with BTC over the last week or so. don't know how much upside is left but my unsolicited advice to anyone still holding (errr...hodling) is to take this opportunity to cut your losses.

Originally Posted by raycarey

something is clearly happening with BTC over the last week or so

Likely a wee pump n dump.

Bought BTC to sell at 240k as a loss or 265k for profit.

265k, reassessed to 260 sell or 280k reassessment.

Good time for short term buys with a 260k pull point 275 reassessment.