Thread: RIP Bitcoin

I bet you bottled it at 10 thousand dollars

Come on lets see a photoshopped screenshot

And Lulu woke up in his coco pops

$15,000

amazing.

Originally Posted by Dillinger

I bet you bottled it at 10 thousand dollars

Guilty.

Come on lets see a photoshopped screenshot

Did leave 9 baht in there though.

Originally Posted by Mr Earl

The entire network is open source anyone can see.

so it's completely insecure then ?

Originally Posted by Mr Earl

Coins.co.th just alerted me they are limiting cash transfers to 2000 baht!

so much for being the future and replacing cash for everything

how is it bringing more freedom again ?

Originally Posted by Dragonfly

so it's completely insecure then ?

Nope.
You really haven't done your homework on Bitcoin and blockchain!

The security lies within a military grade cryptography which resides on a distributed network. A network which also happens to the most powerful computing network on the planet.
It costs much more in computing power to hack Bitcoin than it would to mine it honestly!

Do some homework before barking out of your arse..

it's up 20% in the last 24 hours.


and 1,400% since the beginning of the year.

yes.

you read that right...

fourteen hundred percent.


https://www.marketwatch.com/story/bi...urs-2017-12-07

Originally Posted by raycarey

$15,000

amazing.

On the way $16k


15440.00 US Dollar

Originally Posted by Dragonfly

so much for being the future and replacing cash for everything

how is it bringing more freedom again ?

It would be expected that government throws some resistance.

Still by limiting exchanges only means other ways will be found.

I already have wheels in the works to quit coin.th.co as they weren't such a sparkling deal anyway.

Remember necessity is the mother of innovation and invention. Great innovation is on the horizon.

Soon enough government and banksters will realize there is no killing Bitcoin. They will be forced to adopt honest monetary policies, fairly soon.

Originally Posted by Mr Earl

Nope.
You really haven't done your homework on Bitcoin and blockchain!

I did but obviously you didn't when you claim it's open and transparent

Originally Posted by Mr Earl

The security lies within a military grade cryptography which resides on a distributed network. A network which also happens to the most powerful computing network on the planet.

which makes it obscure and definitely not transparent, and the insecurity lies elsewhere, which is why having a strong safe door doesn't mean shit when the walls are made of woods around that safe

Originally Posted by Mr Earl

It costs much more in computing power to hack Bitcoin than it would to mine it honestly!

and it's completely irrelevant because the hacking and the insecurity lies elsewhere,

traveling in your armored car in the middle of a mine field is not going to save you from exploding in that car

Originally Posted by Luigi

On the way $16k


15440.00 US Dollar

*cough*

15660.64 US Dollar

$40k by Christmas.



Time to stick some serious cash in there.


Dill bud, help us out lad eh. Will give ya 20 Lulucoins in interest.

Originally Posted by Dragonfly

I did but obviously you didn't when you claim it's open and transparent


which makes it obscure and definitely not transparent, and the insecurity lies elsewhere, which is why having a strong safe door doesn't mean shit when the walls are made of woods around that safe


and it's completely irrelevant because the hacking and the insecurity lies elsewhere,

traveling in your armored car in the middle of a mine field is not going to save you from exploding in that car

All the old thinking, the ancient analogy and metaphor doesn't apply in this context.

This is much like when the internet first hit us.

Bitcoin is even more significant because it bring a p2p global monetary means to the table that never existed before in human history.

Originally Posted by Luigi

14950.00 US Dollar. Go go go.

The difference 4 1/2 hours makes.


15950.67 US Dollar

Originally Posted by Dragonfly

it's fucking worthless, and price is not an indication of actual value, only the perception of value

Same as any other currency then.. Perception of value was what we got instead of the gold standard.

Who is guaranteeing exchanging BTC to regular currencies?

16499.90 US Dollar.

Theyve done a bunk with your 9 baht Lulu

Originally Posted by Mr Earl

exchanges

Originally Posted by Mr Earl

coin.th.co

it sounds like a broker , not an exchange - and brokers have a risk of going broke - never leave your crypto in their wallets

Originally Posted by Dragonfly

I did

so obviously your skill at comphension explains why you still have no understanding

if you can be tied to a single wallet address then any transactions with that wallet are irrevocably tied to your ID

Originally Posted by Luigi

$40k by Christmas

a shit load of forks are looming - it will freak the possums when they realise and they wet themselves

you may have noticed the other alts are losing , this will be until BTC dives and then the bots will bolt to the alts and the BTC HODL'rs will be consoling themselves with nam daeng

Originally Posted by Mr Earl

Bitcoin is even more significant because it bring a p2p global monetary means to the table that never existed before in human history

BTC has stopped being used for money , thus will not win - the full PoW issue it has ultimately means it has become centralized - the segwit deals have shown this

Originally Posted by lom

Same as any other currency then.. Perception of value was what we got instead of the gold standard.

regarding FX Rates, I couldn't agree more

but what makes those FX moves in the long run is actual trades, growth and inflation. Actual numbers, not calculated numbers by algos in the sky

Originally Posted by Begbie

Who is guaranteeing exchanging BTC to regular currencies?

nobody of course, not counter party risk management, fucking awesome isn't it and so secure in financial terms

of course no government or FDIC insurance

Originally Posted by baldrick

so obviously your skill at comphension explains why you still have no understanding

if you can be tied to a single wallet address then any transactions with that wallet are irrevocably tied to your ID

you obviously don't understand how currency works and how insecure your wallet is

oops, I can see the hacking excuse looming here, and all the bitcoins are gone

another hacker billionaire

Originally Posted by Dillinger