Thread: RIP Bitcoin

Originally Posted by Dragonfly

no, not many survived

But companies like Amazon and Ebay did, didn't they? And the internet itself.

Of course shit got stupid but the right move was THE move and it remained the move

Originally Posted by Dragonfly

no, not many survived, it was a blood bath, maybe you were too young to remember

how long you ask ? the bigger the fall, the better

What you fail to recognize is that we are entering an entirely new social, economic and global paradigm.

Maybe you will be lost in the dust of shit fiat paper fraud money..

Originally Posted by redhaze

But companies like Amazon and Ebay did, didn't they? And the internet itself.

Of course shit got stupid but the right move was THE move and it remained the move

those firms weren't affected by the dotboom crash, they were corporate monsters already

but millions of smaller companies and startup got destroyed along the way,

Originally Posted by Mr Earl

What you fail to recognize is that we are entering an entirely new social, economic and global paradigm.

Maybe you will be lost in the dust of shit fiat paper fraud money..

don't confuse your new religion with revolution,

Originally Posted by Dragonfly

they were corporate monsters already

Amazon revenue per share in 1998 = .57 cents
Amazon revenue per share in 2017 = 281 dollars

So no, not even close actually

Dragonfly: block chain is not going away.

Originally Posted by Dragonfly

don't confuse your new religion with revolution,

I certainly have no confusion... my new religion is the revolution...

Ya think the same old fiat banking shenanigan is gonna fly...you be wrong

Originally Posted by Farangrakthai

Dragonfly: block chain is not going away.

Its hard to argue that isn't true

The real trick is finding amazon.....

Originally Posted by redhaze

Amazon revenue per share in 1998 = .57 cents
Amazon revenue per share in 2017 = 281 dollars

So no, not even close actually

maybe you were too young to remember, but amazon was already the monster that we know, and they had a ton of fundings behind them, they were already the number 1 in sales back in those days

not sure if you are confusing Earnings per share vs Revenues per share above, on a fully diluted ownership after splits etc...

Originally Posted by Farangrakthai

Dragonfly: block chain is not going away.

Bitcoin will go away eventually, as for blockchain, it remains to be seen if it can really improve things for money transfer, transaction settlement etc... I doubt it will.

We had the same arguments about those tech needs a few years ago with XML and XBRL etc... and see where we are now...

all hype, no value, vaporeware to the cloud

you must remember that butters being a fluffer to boiler room shills has a stake in the financial system status quo

he may well be reduced to sucking the farts from dead seagulls for a low rent youtube channel if his boiler room employers fade away to obscurity

as you may have noticed his mind is flailing at simple concepts already and with the reduction in mental health care , losing his current meal ticket which puts something warm into his stomach may well be the straw that breaks the last remaining wet noodle connecting him to his dimishing brain cell count

thus he tilts at the windmills not realising they are wind turbines

Originally Posted by baldrick

you must remember that butters being a fluffer to boiler room shills has a stake in the financial system status quo

he may well be reduced to sucking the farts from dead seagulls for a low rent youtube channel if his boiler room employers fade away to obscurity

as you may have noticed his mind is flailing at simple concepts already and with the reduction in mental health care , losing his current meal ticket which puts something warm into his stomach may well be the straw that breaks the last remaining wet noodle connecting him to his dimishing brain cell count

thus he tilts at the windmills not realising they are wind turbines

nice try

don't forget to clean my pipes if you want to afford more bitcoins

Originally Posted by Dragonfly

maybe you were too young to remember, but amazon was already the monster that we know

How about proving your point with actual numbers? Not gonna hold my breath on this one...

butters speaks through his arse as his sphinter is so loose it is unable to hold pressure long enough to produce sound acrosss his vocal chords

Well ain't this thread livened up in the last few months...

Originally Posted by redhaze

How about proving your point with actual numbers? Not gonna hold my breath on this one...

if you actually believe that Amazon wasn't a big deal back in 2000 with huge revenues, then you are definitely too young to have this conversation, could explain a lot of things actually about your attitude and the naivety of some of your posts

Originally Posted by baldrick

butters speaks through his arse as his sphinter is so loose it is unable to hold pressure long enough to produce sound acrosss his vocal chords

told you already, dumb plummer chav, go clean my pipes

Originally Posted by Dragonfly

Originally Posted by Farangrakthai

Dragonfly: block chain is not going away.

as for blockchain, it remains to be seen if it can really improve things for money transfer, transaction settlement etc... I doubt it will.

We had the same arguments about those tech needs a few years ago with XML and XBRL etc... and see where we are now...

all hype, no value, vaporeware to the cloud

it's already being used for banking:

https://ripple.com/insights/explorin...frastructures/

The Monetary Authority of Singapore (MAS) is front and center in this space, announcing the second phase of their Project UBIN at their fintech event in November 2017.

Additionally, the Australian Stock Exchange has capped off two years of experimentation to declare the adoption of DLT to replace their legacy CHESS securities clearing and settlement platform.
So what’s Ripple doing to help?

Ripple is leading the sea change in payments
At Ripple, we’re focused on engaging with commercial banks to implement production-grade enterprise systems — using DLT — to support cross-border payments. In fact, we recently celebrated a significant milestone — we added the 100th client to RippleNet.

What’s more, banks like Siam Commercial in Thailand, Standard Chartered in Singapore, Axis in India and Rakbank in the UAE are already sending and receiving payments in commercial volumes. In Japan, 61 members of the Japan Bank Consortium are in pre-production stage on a hosted Ripple platform.

and posted this 1-2 weeks ago:

Originally Posted by Farangrakthai

https://www.forbes.com/sites/bernard.../#353cc3ef725b

How Blockchain Technology Could Change The World


The key here is that as well as something as basic as an indicator of value (as with Bitcoin), blockchains can be used to store any kind of digital information, including computer code. This code can be programmed to execute when two or more parties enter their keys – meaning that everyone agrees that a contract has been filled. It can also read from external data feeds – stock prices, weather reports, news headlines, or anything else that can be parsed by computer code – to create contracts which automatically “sign off” when stated conditions are filled. These are known as “smart contracts”.



Obviously the potential here is limitless. Applications could be developed which allow businesses to validate transfers based on delivery of service – for example a certain number of buying orders would signal to the blockchain-based smart contract that conditions had been filled for an invoice to be paid. The payment could then be made automatically through a blockchain based payment system. App ecosystems are already evolving, based around platforms such as Ethereum which aim to give businesses the toolsets necessary to get involved.


One theory even suggests that blockchain tech will provide the value “fuel” for the Internet of Things. Devices in the home and across industry could automatically pay for the energy they use by writing to the relevant blockchain, creating a transfer of value based on the precise usage of the device.


One project involves the creation of “smart” local power grids based on distributed blockchain technology. Of particular use in remote communities, such systems would allow the distribution, metering and billing of electricity to be administered within the community itself, rather than being reliant on external multinational power and finance institutions.


Another, ascribe, aims to use blockchain tech to solve intellectual property issues in the digital age. Blockchains can be used to create a permanent or transferable link between the owner and a piece of IP, handle licensing issues, and even create “limited editions” of digital information, securely limiting the amount of times a piece of information (for example an artwork) can be displayed, shared or copied.



There are, as I previously said, an almost limitless number of applications for the technology. Fraud-resistant voting systems to be put in place, where the owner of one private key is assigned one vote, and no third party referee is necessary. Censorship-resistant distribution of information. Decentralized reputation and recommendation engines, provably free of interference from intermediaries such as moderators or advertisers.


In my opinion, blockchain technology looks set to be one of the most impactful developments on the horizon. I often find myself writing about “buzzwords” – Big Data, machine learning, predictive analytic - and now undoubtedly “blockchain” will join that list. But remember that the word “internet” was a buzzword, too, not so long ago in objective terms (although it seems like another lifetime!). The fact is that with all these concepts, while there may be a lot of hype around them, the potential they offer for change is just too big to overlook

Will be hoping for BCH and DAS to keep me out of the red come the morning's portfolio check. Everything else is negative at the mo. REP and ETH just bobbing up and down gently, like an unenthusiastic fluffer.

Originally Posted by Dragonfly

if you actually believe that Amazon wasn't a big deal back in 2000 with huge revenues, then you are definitely too young to have this conversation, could explain a lot of things actually about your attitude and the naivety of some of your posts

So you've got nothing then? In that case allow me.



In 2000 Amazon lost 1,411 million dollars. The most in their history. Does this sound like a surefire bet to you, or a company spending themselves into the ground like all the other internet bubble giants?

In summary: They were hardly the sure-fire bohemeth they later became, and you are dead wrong per your standard MO

Originally Posted by Luigi

REP and ETH just bobbing up and down gently.

Ditto goes for Bitcoin, Verge, and Iota. I am up about 2% or so all told. Everything just looks flat really

Originally Posted by Farangrakthai

it's already being used for banking:

Banking uses a lot of worthless tech, blockchain is one of them, and it doesn't mean anything, they buy that shit like they were eating their own shit

Originally Posted by Dragonfly

Banking uses a lot of worthless tech, blockchain is one of them, and it doesn't mean anything, they buy that shit like they were eating their own shit

if t.d. and you are still around in a few years, we'll revisit your prediction:

Originally Posted by Dragonfly

as for blockchain

all hype, no value, vaporeware to the cloud

Originally Posted by redhaze

In 2000 Amazon lost 1,411 million dollars. The most in their history. Does this sound like a surefire bet to you, or a company spending themselves into the ground like all the other internet bubble giants?

In summary: They were hardly the sure-fire bohemeth they later became, and you are dead wrong per your standard MO

stop being you stupid self, as usual, not the first time I proved you wrong with your silly claims and statements

Amazon was a big deal in 2000 and always been a big deal, scaling their revenues as some kind of silly and flawed argument about their irrelevance just prove your juvenile MO in dealing with those difficult topics

you were what ? 10 in 2000 ?