Thread: RIP Bitcoin

I've no need for a phone never mind a smart one

Originally Posted by Dillinger

95% of bitcoins are owned by just 4%.

I wonder who thry are. My moneys on America

Young people would be my guess.

Why?

the young and reckless?

I reckon theres a higher power manipulating it, attracting all that dirty cash, then sometime soon its gonna be regulated and thanks very much.

That Bitcoin is bigger than General Motors now. Amazing.

Just a hare brained drunken theory. Tinfoil hat now removed and off to bed to kick the wife and make love to the dog

Sight wee dip in the rebound.



Then ready to push on to 650k in the next few days.

Originally Posted by Dillinger

Why?

the young and reckless?

I don't know why the younger are more open to it.
But I only know 2 people who have owned some for more than a year.
One is 15 years old and the other about 35.

Met another one yesterday (about 30) who is buying and selling. (trading)
I guess if you use traditional chart reading methods, you'd be buying right now, aye? (moving averages)

Originally Posted by Pattaya Plies

I've no need for a wife never mind a smart one

fix that for you,

Originally Posted by baldrick

Earl stop being so evangelical.

People interested will research

And maybe you should look up the specifics of asic resistance

Sure, but someone needs to counter the vapid parroting the old cliche of bubbles and Ponzi schemes.

The true bubble is the USD and the greatest Ponzi of them all the Social Security Administration.

Bitcoin is all about taking the power away from greedy war mongering terrorist governments like the USA.



Trying to grasp the asic resistance thing, seems to be about chip design, which I have no reaĺ understanding. More study required I reckon.

Originally Posted by fiddler

I don't know why the younger are more open to it.
But I only know 2 people who have owned some for more than a year.
One is 15 years old and the other about 35.

Met another one yesterday (about 30) who is buying and selling. (trading)
I guess if you use traditional chart reading methods, you'd be buying right now, aye? (moving averages)

I know 3, all over 50. One bought 2 coins when they were NZ$500. I hope he sells soon.
I suspect it's older people who hold the majority because it is they that have disposable income to invest. I can't see many 20-somethings when faced with "Hmmm, a new S8 or a half a bitcoin???" would choose the bitcoin.

Originally Posted by Mr Earl

Sure, but someone needs to counter the vapid parroting the old cliche of bubbles and Ponzi schemes.

Then maybe it should be someone who doesn't conflate everything back to his jejune and navel-gazing views on gubmint.

Or drink his own piss.

Because as a preacher for the Church of Crypto you come off as a deranged, ranting, loon.

Jus' sayin'.

Originally Posted by Luigi

You survived the dip, well done.

Originally Posted by buriramboy

You're making me feel bad about getting the wife an iPhone x for Xmas now......

You think that's dumb? This Luigi guy's gone and made thousands of $$ in no time at all!

Originally Posted by AntRobertson

Then maybe it should be someone who doesn't conflate everything back to his jejune and navel-gazing views on gubmint.

Or drink his own piss.

Because as a preacher for the Church of Crypto you come off as a deranged, ranting, loon.

Jus' sayin'.

Ah precious Anty panties, you should know remaining ignorant on both subjects; urine, crypto, is entirely up to you.

Carry on bleating away; your tired cliche and ponderous ignorance.

Originally Posted by jabir

You survived the dip, well done.

If you can't handle 50% losses, you can't handle 500% gains.

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Paypal will be left behind, but they're too big to suffer for that oversight. Meanwhile, now that BTC has started trading on a major exchange (Chicago) there must be regulation to follow and with it recognition and new highs.

The more noise it makes the higher it will go before the big hands realise they can't hope it away, and thereafter comes recognition for not just profit but also control, the devil and her stud, so my guess is they will get in and treat it as just another commodity to manipulate.

Originally Posted by Luigi

If you can't handle 50% losses, you can't handle 500% gains.

All gamblers should be familiar with variance. I hope you don't put more than 10% of your portfolio into cryptos.

Originally Posted by jabir

Paypal will be left behind, but they're too big to suffer for that oversight. Meanwhile, now that BTC has started trading on a major exchange (Chicago) there must be regulation to follow and with it recognition and new highs.

The more noise it makes the higher it will go before the big hands realise they can't hope it away, and thereafter comes recognition for not just profit but also control, the devil and her stud, so my guess is they will get in and treat it as just another commodity to manipulate.

They wont actually be trading Bitcoins, but futures based on Bitcoin prices.
At least Bitcoin itself has the global decentralized network as backing. This Chicago commodities emterprise strikes me as really big scam.

It not likely to change the price volatility, imho. But it will be good for Bitcoin for the long game as it kinda puts Bitcoin in mainstream finance, albeit a crooked one.
Interesting development, likely they are hoping to kill Bitcoin.
More likely Bitcoin will bite them as the inherent accountabilty and honesty will show the big time finance to be the greedy crooks they truly are.

Another champagne trading day Jumped in a bought a load of cryptos when BTC went down to 13500 and its already at 16,200++

How long will the bullrun last? Another hour, another month, another year? IDGAF I will just ride this bull to the end.

All digital electronics are logic gates and a clock pulse

A cpu is made up of the same but it has a variety of gate arrangements called instruction sets. Your program uses the instruction sets required to do the computation needed at the time and the rest are dormant. Though more parallel programs are using more than one instruction set at the same time

Next up is the fpga. Field programmable gate array which you configure the gates as per the computation you are trying to perform which leads to more utilization of the total gates on the silicon but still means a lot of them are not utilized per clock pulse

An asic. Specific instruction computer has only the logic for one specific computation etched on the silicon and as many of those in parallel that will fit so that it is the most efficient at that one specific computation.

It the underlying algorithm is changed then the asic is worthless. This is the only way apart from memory requirements. Like ethereum. Can be called asic resistant

Now cue butterfly with his highly technical rebuttal and proving that my training in analog and digital fault finding and repair is non existent.

you will see tat one of te letters on my keyboard is no longer working

'Which one is that then?' asks Paddy the Irish TEFL teacher

Originally Posted by Simon43

'Which one is that then?' asks Paddy the Irish TEFL teacher

Go on, take a guess tere are only 24 to coose from.

Cryptokitties. I thought it was something out of The Onion. But no, apparently its real.

https://techcrunch.com/2017/12/03/pe...um-blockchain/