I've no need for a phone never mind a smart one
I've no need for a phone never mind a smart one
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.
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)
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.
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.
Then maybe it should be someone who doesn't conflate everything back to his jejune and navel-gazing views on gubmint.Originally Posted by Mr Earl
Or drink his own piss.
Because as a preacher for the Church of Crypto you come off as a deranged, ranting, loon.
Jus' sayin'.
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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.
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.
you will see tat one of te letters on my keyboard is no longer workingTrying to grasp the asic resistance thing, seems to be about chip design, which I have no reaĺ understanding. More study required I reckon.
one of te biggest scams is te gold backed paper. i understand tat this amount of gold backed paper being traded assumes about 18 million tonnes of gold, when the total amount of gold ever mined is about 180,000 tonnes.
anyway asic resistance is simple to explain in principle. asic are circuits designed to do one specific task, that is why a bitcoin asic cannot mine another currency.
asic resistant cryptos require POW to encompass several tasks as well as accessing memory, GPUs are good at this, ASICS are not. and besides that if a crypto declares from the start that it will change its algorithm if ASIC miners are developed for it, then there is no incentive to develop one, it takes millions upfront to develop a good ASIC miner.
Last edited by longway; 11-12-2017 at 12:32 PM.
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.
'Which one is that then?' asks Paddy the Irish TEFL teacheryou will see tat one of te letters on my keyboard is no longer working
Cryptokitties. I thought it was something out of The Onion. But no, apparently its real.
https://techcrunch.com/2017/12/03/pe...um-blockchain/
I like Mr Earl's dream...
But getting back to reality the banks are not gonna fall, the USD is not gonna die, bankers are not gonna be crucified on giant dollar signs. I'm in this game to make money just like anyone else (even the conspiracy nuts) but I also have an appreciation of the technology. Bitcoin & DLT is a technology. Anyone can use it including major financial institutions. Big banks are already implementing their own versions of private blockchains. You don't read about them in the news so much because it's not hyper-headline material. FIs are not jumping on bandwagons, they are slow methodical beasts that test systems for years before putting them into production, you would too if you were moving billions of dollars around the globe everyday. The average Joe trusts his bank and the regulations that keep them semi-honest. With DLT the average Joe can look forward to moving his money X-border in seconds with fees at a fraction of a cent. Like a lot of technology this will be behind the scenes and no one will know about it, they will just remember the bad old days when it was faster to carry a suitcase full of cash across the Atlantic on an aircraft than to make a bank transfer.
Will there be a big battle? The plucky world of tinfoil hat wearing men vs the Orcs and Trolls of the big banks! I think it would be fun to see. I would like to see the dreamers get a win but I'd put my money on the bad guys.
Some people think it don't, but it be.
Satoshi released a video telling that he is in to crush the Usd and Euro... Bitcoin now 14382 Euro...
If you register on BITCOIN MINE you will get a call to register your spot and need deposit 250 USD...
Well this for info, future will tell...
Satoshi says that this is phase 2, where the Bitcoin entered global trades and much goes through his own server introduced in Wall street and and...
Monday,Tuesday, then it goes WTF !
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