Cryptocurrency

[drobeski 3,061]

 

And now LTC is up 25% you must be a happy guy today.

[nobody 2,653]

 

 

I have coins in cold storage & online. I keep what I day trade with online and the rest is in cold storage.

 

Why do you need the cold storage?

[vuduchile 1,945]

I bought 230 worth of LTC earlier today. (with my bank, not CC)

 

it said ":7 days"

 

now it's completely empty and my max I can purchase is $4770

 

which tells me it took the money and there is no coin

 

it is also missing from transactions

 

 

from email

 

Your purchase for $258.28 USD of LTC has started

Your funds will be available by

December 15, 2017

Coinbase and my bank dont seem to get along for some reason.

 

Ive just been using a cc and it goes thru instantly.

[iam90sbaby 2,584]

90s, with 2.78 billion coins in IOTA, it seems unlikely it gets to $100/coin, no?

 

It is around $5 now and we are just entering the mass adoption phase, why not? Not even all the crypto investors are on this one yet.

[iam90sbaby 2,584]

 

Why do you need the cold storage?

 

The same reason you don't keep thousands of dollars under your mattress.

[KSB2424 3,148]

I still think this is all a sham in the end but screw it, Im gonna attempt to buy IOTA this weekend.

 

Ive lost more at the Casino before.

[nobody 2,653]

 

Just don't buy any and laugh at us in 10 years after all the money you save.

 

I already own some. I really just want to know how that works.

 

In reality even if there is only .000001 bitcoins in circulation, you just make that .000001 bitcoin worth whatever 7 trillion dollars or whatever. It's not that big of a deal. I just wondered if anyone thought about what would happen if somehow we lost all the coins.

 

If I lose my key. Those bitcoins are lost forever. That probably will happen a lot.

[nobody 2,653]

 

The same reason you don't keep thousands of dollars under your mattress.

 

I literally have thousands of dollars in an envelope hidden in my office actually, but I get your point. You don't want someone to steal it. Why the fock can't anyone answer a question around here?

[iam90sbaby 2,584]

I still think this is all a sham in the end but screw it, Im gonna attempt to buy IOTA this weekend.

 

Ive lost more at the Casino before.

 

Its not. Thing about, in the future everything will be connected to the internet. Your coffee cup, your ID, your keys, the pair of pants you lost 2 months ago and the best way to do that would be a blockchain.

[iam90sbaby 2,584]

 

I literally have thousands of dollars in an envelope hidden in my office actually, but I get your point. You don't want someone to steal it. Why the fock can't anyone answer a question around here?

 

Yeah because I don't want someone to steal them. The irony is I actually do have a USB under my mattress with crypto on it. Go figure, jokes on me I guess.

[Frozenbeernuts 2,236]

 

It is around $5 now and we are just entering the mass adoption phase, why not? Not even all the crypto investors are on this one yet.

Because there are 2.78 billion coins, and it's now at a huge market share. It seems the market share would need to grow astronomically to gain another couple hundred percent

 

My buddy who spends all his time on this told me, low market share and low circulation have the largest potential for growth. High market share and high circulation have lower potential

[iam90sbaby 2,584]

90s, with 2.78 billion coins in IOTA, it seems unlikely it gets to $100/coin, no?

 

Also want to mention you have to remember the nature of this coin. It is going to be attached to EVERYTHING. Where as other coins are just a form of currency. The 2.78 billion coins are justified.

[penultimatestraw 473]

 

Its not. Thing about, in the future everything will be connected to the internet. Your coffee cup, your ID, your keys, the pair of pants you lost 2 months ago and the best way to do that would be a blockchain.

I think I understand how this works for currency and contracts/exchange of information, but how will blockchain help with my coffee and pants? Do you believe everything will have an electronic chip/signature, presumably to prevent theft or loss?

[edjr 6,580]

Coinbase and my bank dont seem to get along for some reason.

 

Ive just been using a cc and it goes thru instantly.

 

I only have 750 a week and I've used 1500 the last 2 weeks

 

1 cc is enough, protects me from myself

[iam90sbaby 2,584]

I think I understand how this works for currency and contracts/exchange of information, but how will blockchain help with my coffee and pants? Do you believe everything will have an electronic chip/signature, presumably to prevent theft or loss?

 

Here is an article written by Ahmed Banafa that I think you will find interesting and he says it much better than I can:

 

“Blockchain is promising for IoT security for the same reasons it works for cryptocurrency: It provides assurances that data is legitimate, and the process that introduces new data is well-defined,” said Ahmed Banafa, IoT expert and lecturer at San Jose State University, who wrote a popular overview of the potential for blockchain to solve IoT security challenges.

 

https://www.bbvaopenmind.com/en/a-secure-model-of-iot-with-blockchain/

[Frozenbeernuts 2,236]

 

Also want to mention you have to remember the nature of this coin. It is going to be attached to EVERYTHING. Where as other coins are just a form of currency. The 2.78 billion coins are justified.

My buddy heard there was bad code being covered up

[penultimatestraw 473]

 

Here is an article written by Ahmed Banafa that I think you will find interesting and he says it much better than I can:

 

 

https://www.bbvaopenmind.com/en/a-secure-model-of-iot-with-blockchain/

Thanks. Still don't know how it helps with my beverage and clothing, until they become "smart" too - but I guess that is kinda the point of IoT.

[iam90sbaby 2,584]

My buddy heard there was bad code being covered up

 

I haven't heard anything about this, but I wouldn't be to concerned It still is in the development phase.

[Mookz 1,342]

IOTA doesn't seem to be on Bittrex (anymore?). I signed up for Bitfinex, but I'm getting a message that they're severing ties with all US customers, and if you're in the US you better remove all your coins pronto. At the bottom it asks if I'm a US resident. 90s, is this just something they have to say for some legal reason, and if I say that I'm not a US resident (even though they can tell I'm accessing the site from the US), they won't know the difference? Or do I have to tell the truth, and I'm out of luck on Bitfinex? (I still have the dialog box up.)

[penultimatestraw 473]

IOTA doesn't seem to be on Bittrex (anymore?). I signed up for Bitfinex, but I'm getting a message that they're severing ties with all US customers, and if you're in the US you better remove all your coins pronto. At the bottom it asks if I'm a US resident. 90s, is this just something they have to say for some legal reason, and if I say that I'm not a US user, they won't know the difference? Or do I have to tell the truth, and I'm out of luck on Bitfinex? (I still have the dialog box up.)

Not lying is usually the best policy - don't let the $ cloud your judgement.

[Mookz 1,342]

Not lying is usually the best policy - don't let the $ cloud your judgement.

 

But then how will I get my coins? They don't seem to care one iota.

[patweisers44 840]

CBOE will open Futures Exchange for Bitcoin this Sunday. What does this do to the market. I would be fearful of a bunch of big players shorting the fock out of this.

[nobody 2,653]

 

Here is an article written by Ahmed Banafa that I think you will find interesting and he says it much better than I can:

 

 

https://www.bbvaopenmind.com/en/a-secure-model-of-iot-with-blockchain/

Seems like overkill to use the blockchain to encrypt the fact that my fridge wants me to buy milk or my thermostat says my house is 72 degrees. I mean in the end are we going to have farms of bit coin miners all over the world processing these mundane transactions?

[nobody 2,653]

CBOE will open Futures Exchange for Bitcoin this Sunday. What does this do to the market. I would be fearful of a bunch of big players shorting the fock out of this.

It might be pain in the short term but it also might help stablize the market. Which is a good thing. This whole price difference at different exchanges is bullshit in my opinion.

[iam90sbaby 2,584]

IOTA doesn't seem to be on Bittrex (anymore?). I signed up for Bitfinex, but I'm getting a message that they're severing ties with all US customers, and if you're in the US you better remove all your coins pronto. At the bottom it asks if I'm a US resident. 90s, is this just something they have to say for some legal reason, and if I say that I'm not a US resident (even though they can tell I'm accessing the site from the US), they won't know the difference? Or do I have to tell the truth, and I'm out of luck on Bitfinex? (I still have the dialog box up.)

 

I don't know their policy anymore and I signed up a long time ago. I heard people on Poloniex had to send in photos of their IDs and stuff now and I never had to do that. So what Bittrex has done in the last few months I'm not sure. I bought them, moved them to cold storage and that was it. Look into ShapeShift they might do an auto conversion with BTC.

[nobody 2,653]

 

But then how will I get my coins? They don't seem to care one iota.

I think you should lie. They probably just don't want americans getting rich.

[iam90sbaby 2,584]

Seems like overkill to use the blockchain to encrypt the fact that my fridge wants me to buy milk or my thermostat says my house is 72 degrees. I mean in the end are we going to have farms of bit coin miners all over the world processing these mundane transactions?

Doesn't seem overkill to me, actually sounds pretty bada$$.

 

IOTA is unrelated to Bitcoin.

[iam90sbaby 2,584]

I think you should lie. They probably just don't want americans getting rich.

 

Honestly I have a theory that all of these ICO's and exchanges that don't allow Americans is a way to drain wealth from the west. Not sure if anyone has expanded on it but it was just a random thought that I had one day because it is so common.

[nobody 2,653]

Doesn't seem overkill to me, actually sounds pretty bada$$.

 

IOTA is unrelated to Bitcoin.

Yeah but it still uses blockchain, no?

[iam90sbaby 2,584]

Yeah but it still uses blockchain, no?

 

Yes IOTA is a blockchain.

[Mookz 1,342]

 

I don't know their policy anymore and I signed up a long time ago. I heard people on Poloniex had to send in photos of their IDs and stuff now and I never had to do that. So what Bittrex has done in the last few months I'm not sure. I bought them, moved them to cold storage and that was it. Look into ShapeShift they might do an auto conversion with BTC.

 

Shapeshift does not appear to recognize IOTA.

 

I think you should lie. They probably just don't want americans getting rich.

 

I lied. I said I'm not a US resident.

 

It let me in. We'll see how far I can go before it asks me to send in a picture of my ID, or something. Then I'm fooked.

[nobody 2,653]

 

Yes IOTA is a blockchain.

Right. So it's overkill? You don't need that level of encryption for mundane stuff. You would have to process millions of transactions a minute. The infrastructure to run all that shït through a blockchain would be way over the top.

[iam90sbaby 2,584]

 

Shapeshift does not appear to recognize IOTA.

 

 

I lied. I said I'm not a US resident.

 

It let me in. We'll see how far I can go before it asks me to send in a picture of my ID, or something. Then I'm fooked.

 

VPN.

[Frozenbeernuts 2,236]

Right. So it's overkill? You don't need that level of encryption for mundane stuff. You would have to process millions of transactions a minute. The infrastructure to run all that shït through a blockchain would be way over the top.

Until hacking becomes common among mundane items like refrigerator, stove, thermostat

[penultimatestraw 473]

Shapeshift does not appear to recognize IOTA.

 

 

 

I lied. I said I'm not a US resident.

 

It let me in. We'll see how far I can go before it asks me to send in a picture of my ID, or something. Then I'm fooked.

Terrible decision.

[Mookz 1,342]

Terrible decision.

 

Yeah, I may try Binance instead.

[mmmmm...beer 803]

 

Geeks watching cryptos starts at about 14:45 to 16:30.

[Mookz 1,342]

 

Yeah, I may try Binance instead.

 

Done, and they do not seem to have the same bias against U.S. Americans. Fock Bitfinex.

 

If anybody else is Binance-curious, let me refer you!

[mobb_deep 920]

Thanks. Still don't know how it helps with my beverage and clothing, until they become "smart" too - but I guess that is kinda the point of IoT.

 

That's exactly the point. The centralized model will not scale to meet the demand of the IoT. Furthermore, the cryptographic processes inherent in all blockchains will not only make it perfect for the transactions themselves, but also the security of the actual devices. You need think about it as investing on the technology itself, than just the current crypto currency uses. Device authentication, control layers, security, etc.

[iam90sbaby 2,584]

 

Done, and they do not seem to have the same bias against U.S. Americans. Fock Bitfinex.

 

If anybody else is Binance-curious, let me refer you!

They support IOTA? Ill use your reference link PM it to me.