Thread: RIP Bitcoin

Originally Posted by Pattaya Plies

Google is showing up "gobshite" when I search for lighning network...

You could try to add a random character in a random place until you get a hit.

Originally Posted by baldrick

the mathematics of elipse cork cryptography

so you just confirmed that you have no idea how the math behind works or means, fucking knew it

you are are both blind and ignorant, the perfect target for bitcoin scams

Originally Posted by Pattaya Plies

Google is showing up "gobshite" when I search for lighning network..

it shows the power of googles knowledge about you - the tentacles reach deeply into your computers and the AI has decided

Originally Posted by Dragonfly

fucking knew it

it is alarming that you think you know it all but cannot understand such a simple jibe - and I did make it simple just for you

Send me some and I'll place them on "The Mat" and drive BTC past 20k

Oops, it's Black Friday!

Bitcoin...$8842.00 this morning!

Originally Posted by Mr Earl

Bitcoin...$8842.00 this morning!

huh - you mean another 10% since Friday...?

Originally Posted by jabir

huh - you mean another 10% since Friday...?

Yepper, pretty remarkable rise, the experts are saying 10k by January and 13k in March.

I reckon it will take off like crazy, seeing how all the big world governments are now openly discussing getting into cryptocurrency land

BTC is forking like crazy too - it will blow up
bitcoin cash
bitcoin gold
bitcoin diamond

though if you have Bitcoin you may as well help yourself to the free cash as you can sell the forked coins - anyone who is holding bitcoin and does not know how to get the associated token they are due if they held bitcoin when the chain was forked , I can point you in the direction to enable you to get them

Wow, I bet Dragonfly is pissed off.

Originally Posted by baldrick

BTC is forking like crazy too - it will blow up
bitcoin cash
bitcoin gold
bitcoin diamond

though if you have Bitcoin you may as well help yourself to the free cash as you can sell the forked coins - anyone who is holding bitcoin and does not know how to get the associated token they are due if they held bitcoin when the chain was forked , I can point you in the direction to enable you to get them

A rights issue by any other name, can't be bad.

FREE PIES

with HullCoin

HullCoin Users Get Benefits From Free Pies To Tax Breaks

https://cointelegraph.com/news/crypt...-to-tax-breaks

when will there be sincity coin - with free sausages

Originally Posted by longway

I might even get a couple of those asic miners, one for sia and one for decred.

you are too late for the first round of ASICs

and for the storage coins - I would advise getting the clients for sia , maid ans storj and actually try to use them to store some goat porn

and I am not sure IOTA has a working product - preety word for crypto - "tangle " - but not sure it will not come crashing down

Originally Posted by longway

I might even get a couple of those asic miners, one for sia and one for decred.

you are too late for the first round of ASICs

and for the storage coins - I would advise getting the clients for sia , maid ans storj and actually try to use them to store some goat porn

bottom line for all the hype coins - if they do not have a working prototype , then treat with suspicion

^ I am going to load up sia along with a spare HD and see how much I get for goat porn storage.

currently decred is nearly $50, so an asic is 50 decred (currently anyway), as long as I get more than 50 (plus whatever required for operating costs) I am getting free coins to hold or trade, though I imagine that the unit will be outdated within a year.

decred looks like a decent bet, but in the end who knows.

Originally Posted by longway

^ I am going to load up sia along with a spare HD and see how much I get for goat porn storage.

currently decred is nearly $50, so an asic is 50 decred (currently anyway), as long as I get more than 50 (plus whatever required for operating costs) I am getting free coins to hold or trade, though I imagine that the unit will be outdated within a year.

decred looks like a decent bet, but in the end who knows.

One thing for sure is Bitcoin will rule for the foreseeable future, $9434.00 right now, will likely hit 10k long before January predictions.

I'm also looking at the mining rigs, about to order a couple of Antminer S9's from Bitmain.
From my research they should have a good service life of two years, and generate about $500.00 a month profit each. So you pay off the initial investment in 90 days.
Bear in mind we are about to see some new technology "quantum chips" coming next year.

Originally Posted by Mr Earl

I'm also looking at the mining rigs, about to order a couple of Antminer S9's from Bitmain.

bitcoin is pure proof of work - that is its big problem

If Bitcoin miners were a country they’d rank 61st in the world in terms of electricity consumption

https://powercompare.co.uk/bitcoin/

Originally Posted by baldrick

bitcoin is pure proof of work - that is its big problem


https://powercompare.co.uk/bitcoin/

But isn't that all about hash rate?

If you got the hash, you make some cash.

There seem to be a couple options, either just sell your hash to nicehash.com or join mining pools like kano or slush.

To start I figure on running one machine on each to see which is more profitable.

So I now know a fair few people who are invested / investing in this Bitcoin etc. stuff but what I don't know is anyone who has ever used it to actually buy anything. Not even once.

Which strikes me as odd.

Originally Posted by Mr Earl

One thing for sure is Bitcoin will rule for the foreseeable future, $9434.00 right now, will likely hit 10k long before January predictions.

I'm also looking at the mining rigs, about to order a couple of Antminer S9's from Bitmain.
From my research they should have a good service life of two years, and generate about $500.00 a month profit each. So you pay off the initial investment in 90 days.
Bear in mind we are about to see some new technology "quantum chips" coming next year.

I agree, with some caveats. It is the most well known crypto and so most likely the lead the break through into mainstream acceptance. However it does have is drawbacks that limit it's utility, so could very well lose is prominence to a better designed rival.

It is also worth noting that despite increasing in price 10 fold, its share of crypto market cap has shrunk com 75% to 50% these days, so looking into the lesser known cryptos is certainly worth it.

Overall I hope that it is a case of a rising tide that will lift all boats (that are sea worthy).

World stockmarket value is about $70 trillion world GDP is $80 trillion and crypto market cap is currently 150 billion, so hold on to your hat, it's going to be a hell of a ride.

Anyone using coins.co.th to buy and manage theirs?

Originally Posted by AntRobertson

So I now know a fair few people who are invested / investing in this Bitcoin etc. stuff but what I don't know is anyone who has ever used it to actually buy anything. Not even once.

Which strikes me as odd.

Holding on to them as they're going through the roof?

Not much point in spending say 1,000thb worth of them on an item, when one week later that same amount is gonna be worth 1,500thb. Spend cash and leave yer BC to multiply in value.

Originally Posted by Luigi

Holding on to them as they're going through the roof?

No doubt.

I don't know the economics behind it all and the math makes my head hurt but it just strikes me as strange is all.

Presumably someone, somewhere must be spending them or the value's only nominal.

At some point they have to start being used rather than accumulated. (Some) of my money is on bat and cat which are tokens you revive for looking at adverts ie Google doesn't esrn money for you clicking on adverts, you get that money. I think it's this sort of thing that will get people used to cryptos, and also there is still plenty of development work to be done to make wallets and apps that are easy and secure for the average guy who is not an enthusiast or speculator.

Originally Posted by Luigi

Anyone using coins.co.th to buy and manage theirs?

Just signed up, and gotta wait for me account to be authorized before I can start losing me Lira.

Currently at:

• Buy: 309,125 THB | Sell: 298,852 THB
  

Big enough spread, but it's easy, convenient, and I've no idea what I'm doing.