Titans_Win_Again Posted November 15, 2017 Report Share Posted November 15, 2017 Oh, another important pro is censorship resistance. Anyone can access their Bitcoin so long as they have their passcode and an internet connection and because of the decentralized nature of blockchain it would be impossible to shut down the Bitcoin network. Link to post Share on other sites More sharing options...
BobbyCoins Posted November 15, 2017 Report Share Posted November 15, 2017 1 hour ago, Titans_Win_Again said: Oh, another important pro is censorship resistance. Anyone can access their Bitcoin so long as they have their passcode and an internet connection and because of the decentralized nature of blockchain it would be impossible to shut down the Bitcoin network. Needing an internet connection would be a major con for a lot of people. In fact it is probably a nail in the coffin for a lot of people. Link to post Share on other sites More sharing options...
Titans_Win_Again Posted November 15, 2017 Report Share Posted November 15, 2017 43 minutes ago, NashvilleNinja said: Needing an internet connection would be a major con for a lot of people. In fact it is probably a nail in the coffin for a lot of people. Internet is far more accessible than banking. Link to post Share on other sites More sharing options...
titanruss Posted November 15, 2017 Report Share Posted November 15, 2017 On 11/6/2017 at 9:48 PM, Number9 said: It's going to CRASH. That's the only way out. When the largest, most trusted exchange goes rouge it will be hard to salvage. Coinbase is holding a ton of btc. Coin is not backed by anything, just it's rate of exchange. If I had kept mine, I would have 10K cyber money. It's like money in these games people play. You can only spend it in the game. You can use it online, but I imagine alibaba isn't going to take it. idk. Amazon was doing something with it, but I don't think purchases. They can't send out 1b in mdse and three days later the exchange rate is 80% of their coin. A 20% fall is nothing. If btc fell to 4800, it's still up 300% on the year. alibaba wont accept it. china wont let them. huge hurdle. if china allows it then holy fuck... a single coin could hit 100k in a few years. this whole surge occurred because japan started accepting it. the most current surge because its going to be a rated currency... every country that releases news about accepting it will make it surge. every african country with shit currency should hop on it now. but it really comes down to the USA and China. The USA has a ton of big names invested.... we protect our rich people here. So as long as we can tax purchases i think we'll accept it but not endorse it. China likely wont. They play with their currency too much as is. Letting it fall out of their locus of control would never happen. Supdawg 1 Link to post Share on other sites More sharing options...
titanruss Posted November 15, 2017 Report Share Posted November 15, 2017 5 hours ago, NashvilleNinja said: Needing an internet connection would be a major con for a lot of people. In fact it is probably a nail in the coffin for a lot of people. they will die. old people die. this isnt the exchange of today.. its the exchange of the future. there are spear hunting tribes in southamerica and africa with internet access. Link to post Share on other sites More sharing options...
Titans_Win_Again Posted November 29, 2017 Report Share Posted November 29, 2017 Bitcoin hit 10k today. Coinbase is #1 trending in the app store. CME futures trading goes live next month. This thing is here to stay. Supdawg 1 Link to post Share on other sites More sharing options...
pat Posted November 29, 2017 Report Share Posted November 29, 2017 Eh, buy tulips Denali 1 Link to post Share on other sites More sharing options...
titanruss Posted November 30, 2017 Report Share Posted November 30, 2017 coinbase is fucking terrible. i'm pretty sure they are manipulating the market. every large dip and their website crashes. no way to take advantage of large fluctuations. Link to post Share on other sites More sharing options...
Downtown Posted December 7, 2017 Author Report Share Posted December 7, 2017 It's either taking over and we're all left behind or it's going to crash hard... Link to post Share on other sites More sharing options...
Titans_Win_Again Posted December 12, 2017 Report Share Posted December 12, 2017 Futures trading is up and people are betting Bitcoin keeps rising http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures?utm_campaign=bitcoin-futures&utm_medium=social&utm_source=[twitter]&utm_content=[launch_post3 Link to post Share on other sites More sharing options...
Number9 Posted December 13, 2017 Report Share Posted December 13, 2017 On 11/5/2017 at 5:33 PM, Number9 said: I think I put something about this in the poker thread. Bitcoin is the main currency exchange for online poker. I don't invest in it, I sell it as soon as I get it. I got about 20K during the WSOP. I sold most all of it individuals, but deposited $3800. into my checking account. It was the day before the fork, BTC 2750?. It's $7300 now. Short story. I never got my $3800. Coinbase who I used had no phone number and still has no email address. Weeks and weeks of trying to contact them on FB and Twitter support sites, nothing. They finally released a phone number. Call. Wait 30 mins on hold, then "we're sorry, but we can't get to your call in a timely manner. Please call back later." This happen several times, until finally I got an agent. "Oh! We'll put you on our priority list." I was told that about four times. Then they finally said they sent it to my bank. I had my broker write a letter saying Chase has no record of a deposit. Not good enough. I had my broker call them twice, always some kind of run around. I asked them to produce a tracking number. "no can do. you have to have a letter from Chase." I finally turned it over to the https://www.consumerfinance.gov a protection bureau set up for citizens. Yes, they've heard of Coinbase. Others have too. https://www.coindesk.com/report-customer-complaints-coinbase-rise/ https://99bitcoins.com/coinbase-review-6-controversial-issues/ I could fill the page. Buying btc, no problem. Using btc to make purchases, no problem. CONVERTING btc into CASH. BIG PROBLEM They just owe me $3800. The coin I sold is no worth over 10K. I got my money. They deposited it to my account number I gave them. It got kicked back to them because that account number is used for direct deposit. So, it had just been sitting at their place. I got it. I'm happy. pat, and heyitsmeallen 2 Link to post Share on other sites More sharing options...
OzTitan Posted December 13, 2017 Report Share Posted December 13, 2017 There's a good chance you're mining some sort of crypto currency and probably don't know it: https://motherboard.vice.com/en_us/article/gyd5xq/starbucks-wi-fi-hijacked-peoples-laptops-to-mine-cryptocurrency-coinhive Lots of sites cropping up with the coinhive malware in their code, probably mostly as a result of being hacked but also cases of deliberately getting website visitors to do it, and also probably cases of rogue employees adding it to their employer's sites. Link to post Share on other sites More sharing options...
BobbyCoins Posted December 16, 2017 Report Share Posted December 16, 2017 (edited) Uh oh... https://www.wired.com/story/bitcoin-global-warming/ Quote In a report last week, the cryptocurrency website Digiconomics said that worldwide bitcoin mining was using more electricity than Serbia. The country. Writing for Grist, Eric Holthaus calculated that by July 2019, the Bitcoin peer-to-peer network—remember BitTorrent? Like that—would require more electricity than all of the United States. And by November of 2020, it’d use more electricity than the entire world does today. That’s bad. It means Bitcoin emits the equivalent of 17.7 million tons of carbon dioxide every year, a big middle finger to Earth’s climate and anyone who enjoys things like coastlines, forests, and not dying of mosquito-borne diseases. Refracted through a different metaphor, the Bitcoin P2P network is essentially a distributed superintelligence utterly dedicated to generating bitcoins, so of course it wants to convert all the energy (and therefore matter) in the universe into bitcoin. That is literally its job. And if it has to recruit greedy nerds by paying them phantom value, well, OK. Unleash the hypnocurrency! Edited December 16, 2017 by NashvilleNinja Link to post Share on other sites More sharing options...
heyitsmeallen Posted December 16, 2017 Report Share Posted December 16, 2017 22 minutes ago, NashvilleNinja said: Uh oh... https://www.wired.com/story/bitcoin-global-warming/ The thing is, once bitcoin reaches the max. It can’t be mined again. It’s nearing that point and in the next year or so will hit it. Link to post Share on other sites More sharing options...
Starkiller Posted December 22, 2017 Report Share Posted December 22, 2017 Easy come, easy go... http://money.cnn.com/2017/12/22/investing/bitcoin-plunges-below-14k/index.html Justafan 1 Link to post Share on other sites More sharing options...
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