Cryptocurrency

[vuduchile 1,945]

This is definitely the 50 year old, tech un-savvy, guy speaking ....but explain to me the difference between this and beanie babies, baseball cards, or collector Elvis plates from the Franklin Mint.

You should probably just go back and read this thread from the beginning.

[titans&bucs&bearsohmy! 2,745]

The last people in always get screwed. Just don't be the last....and yes, making only was almost this easy in the 90's with tech. Your friends concern is exactly yours......The big what if. This is why he is willing to risk $120,000 or so. Otherwise, he'd be raising capital and have loans out the ears. Instead, he is spreading the risk AND making money off of your rig and likely off the price of the rig you buy from him.

Yeah. I just feel that we may be getting to that tipping point. The beginning of the end.

 

I do believe that there will be a crypto currency or three that are here to stay. But which ones and at what price is not a game I feel comfortable playing.

 

My cynical side tells me there is no way all the governments and banks out there are gonna let this go on forever. I mean Christ, how much is the irs gonna miss out on from the crypto boom?

[patweisers44 845]

Yeah. I just feel that we may be getting to that tipping point. The beginning of the end.

 

I do believe that there will be a crypto currency or three that are here to stay. But which ones and at what price is not a game I feel comfortable playing.

 

My cynical side tells me there is no way all the governments and banks out there are gonna let this go on forever. I mean Christ, how much is the irs gonna miss out on from the crypto boom?

I am curious to see what happens when some of the bigger players start shorting the crap out of this.

[mmmmm...beer 807]

I am curious to see what happens when some of the bigger players start shorting the crap out of this.

1000% increase... pump n dump?

[iam90sbaby 2,610]

Yeah. I just feel that we may be getting to that tipping point. The beginning of the end.

 

I do believe that there will be a crypto currency or three that are here to stay. But which ones and at what price is not a game I feel comfortable playing.

 

My cynical side tells me there is no way all the governments and banks out there are gonna let this go on forever. I mean Christ, how much is the irs gonna miss out on from the crypto boom?

 

Not even close. I have said this million times we haven't even hit the 3% of mass adoption yet. You need to listen to me we aren't even close. The dot come boom was a bubble of over 6 TRILLION DOLLARS. All cryptos combined are around 100 billion and cryptos are more revolutionary than a dot com address. This isn't a bubble, its a revolution.

 

https://bitfalls.com/wp-content/uploads/2017/09/03.jpg

[iam90sbaby 2,610]

I am curious to see what happens when some of the bigger players start shorting the crap out of this.

 

The banks aren't the only big players anymore. Thats why they are freaking the fock out.

[iam90sbaby 2,610]

Also anyone that invests in Ripple is a sellout. We may as well just stay on Fiat if that takes off and this entire movement is pointless.

[mmmmm...beer 807]

Also anyone that invests in Ripple is a sellout. We may as well just stay on Fiat if that takes off and this entire movement is pointless.

Hrrmmm Ripple you say?

[frank 2,305]

This is definitely the 50 year old, tech un-savvy, guy speaking ....but explain to me the difference between this and beanie babies, baseball cards, or collector Elvis plates from the Franklin Mint.

Those other things actually exist.

 

 

 

 

 

 

 

Seriously, a better question is probably what's the difference between cc and World of Warcraft gold. I don't think there is one. You can "mine" the gold yourself or buy it from someone using real money. I think they eventually stopped letting you buy it so I guess now it's worthless. Not sure about that part.

Some guy on this site used to buy and sell imaginary internet poker chips.

[iam90sbaby 2,610]

Hrrmmm Ripple you say?

 

It makes perfect sense to me that something like that would interest you. Considering what you do for a living and all.

 

Can you post the message I sent you back in February/March so people actually know how focking retarded you are? I accidentally deleted it. You literally left a million dollars on the table.

[iam90sbaby 2,610]

Those other things actually exist.

 

 

 

 

 

 

 

Seriously, a better question is probably what's the difference between cc and World of Warcraft gold. I don't think there is one. You can "mine" the gold yourself or buy it from someone using real money. I think they eventually stopped letting you buy it so I guess now it's worthless. Not sure about that part.

Some guy on this site used to buy and sell imaginary internet poker chips.

 

You are right. There is no difference between Bitcoin, Ethereum or any other cryptos. The real losers in all of this were those old poker sites, gosh were they ahead of their time.

[IMMensaMind 462]

Those other things actually exist.

Seriously, a better question is probably what's the difference between cc and World of Warcraft gold. I don't think there is one. You can "mine" the gold yourself or buy it from someone using real money. I think they eventually stopped letting you buy it so I guess now it's worthless. Not sure about that part.

Some guy on this site used to buy and sell imaginary internet poker chips.

Oddly, WoW gold was a 'cryptocurrency' as well: just a very specifically defined one: for the WoW ecosystem, and that's it.

 

WoW gold is still useful to those still playing that game, just as the proper CC will still be useful to those playing the game of life.

 

Real life CCs built on blockchains or 'tangle', however, are infinitely more secure.

[edjr 6,580]

Oddly, WoW gold was a 'cryptocurrency' as well: just a very specifically defined one: for the WoW ecosystem, and that's it.

 

WoW gold is still useful to those still playing that game, just as the proper CC will still be useful to those playing the game of life.

 

[Scary Gary 19]

What problem does bitcoin solve?

[mmmmm...beer 807]

 

It makes perfect sense to me that something like that would interest you. Considering what you do for a living and all.

 

Can you post the message I sent you back in February/March so people actually know how focking retarded you are? I accidentally deleted it. You literally left a million dollars on the table.

How dare i question or be suspect of your imaginary money?!

 

Wait... since you did follow it.. where is your million dollar balance?

[IMMensaMind 462]

What problem does bitcoin solve?

I posted it more than a couple of times.

[nobody 2,668]

Ripple is where it's at peeps. Diversify into other cryptos of course, but get rich on ripple too.

 

Look i get that people think block chain is such amazing technology. It's so amazing there are 5000 iterations of it out there vying for adoption. Also, guess what? We DON'T WANT world wide adoption of a single crypto. It would eventually plunge the world into economic ruin since eventually some country bent on economic warfare would invest billions designing super efficient mining ASICs and they own their own foundrys and can build their own power plants and they would eventually gain so much marketshare in the "decentralized" network they could hold the entire world economy hostage. A world wide digital currency is absolutely an economic WMD. Any crypto threatening to take that mantle will get crushed by regulation. The endgame for the best crypto out there is it becomes an alternative currency that becomes a gold proxy.

 

Peenie and her friend are right. bitcoin is too costly and too slow. Ripple and litecoin aren't. None of you should be worshiping this technology that really isn't that revolutionary. It's a novel application of distributed processing. Novel. Bitcoin ain't the last iteration of it. It's not scalable, fast, or cheap enough to be.

 

Litecoin isn't really even fast enough. Ripple is instant-fùcking-taneous. We're not here to jerk off to block chain. We're here to get rich. When the money flows out of bitcoin it's going to ripple. Why. Because it solves bitcoins major problems.

 

Buy it. Get rich.

[iam90sbaby 2,610]

How dare i question or be suspect of your imaginary money?!

 

Wait... since you did follow it.. where is your million dollar balance?

 

That new sports car you could have bought isn't imaginary.

 

Getting closer everyday. Trust me, I have made a killing on cryptos being invested since 2014.

 

---

 

Just so everyone knows the backstory, I sent mmmmm.....dumba$$ a message back in February or March when Ethereum was under $10, Litecoin was like $7 bucks and Bitcoin was around $2,000. For some reason he was the only person I messaged, I think he had posted an investment thread and wanted advice. And since then he keeps posting threads about his compounding interest account (investing for the lazy).. and its like dude, you missed out on 5000% gains, no one gives a fock, haha. He is one of those old bitter focks that doesn't like when someone younger than him shows him up. Its actually really sad.

[IMMensaMind 462]

Ripple is where it's at peeps. Diversify into other cryptos of course, but get rich on ripple too.

Look i get that people think block chain is such amazing technology. It's so amazing there are 5000 iterations of it out there vying for adoption. Also, guess what? We DON'T WANT world wide adoption of a single crypto. It would eventually plunge the world into economic ruin since eventually some country bent on economic warfare would invest billions designing super efficient mining ASICs and they own their own foundrys and can build their own power plants and they would eventually gain so much marketshare in the "decentralized" network they could hold the entire world economy hostage. A world wide digital currency is absolutely an economic WMD. Any crypto threatening to take that mantle will get crushed by regulation. The endgame for the best crypto out there is it becomes an alternative currency that becomes a gold proxy.

Peenie and her friend are right. bitcoin is too costly and too slow. Ripple and litecoin aren't. None of you should be worshiping this technology that really isn't that revolutionary. It's a novel application of distributed processing. Novel. Bitcoin ain't the last iteration of it. It's not scalable, fast, or cheap enough to be.

Litecoin isn't really even fast enough. Ripple is instant-fùcking-taneous. We're not here to jerk off to block chain. We're here to get rich. When the money flows out of bitcoin it's going to ripple. Why. Because it solves bitcoins major problems.

Buy it. Get rich.

If you feel this way, it isn't Ripple you should be buying. It's IOTA.

[Scary Gary 19]

Pokemon Go

 

 

That new sports car you could have bought isn't imaginary.

 

Getting closer everyday. Trust me, I have made a killing on cryptos being invested since 2014.

 

---

 

Just so everyone knows the backstory, I sent mmmmm.....dumba$$ a message back in February or March when Ethereum was under $10, Litecoin was like $7 bucks and Bitcoin was around $2,000. For some reason he was the only person I messaged, I think he had posted an investment thread and wanted advice. And since then he keeps posting threads about his compounding interest account (investing for the lazy).. and its like dude, you missed out on 5000% gains, no one gives a fock, haha. He is one of those old bitter focks that doesn't like when someone younger than him shows him up. Its actually really sad.

 

 

So you are still saying "Buy buy buy"

If I buy, and it falls to 5k...you've got my back on the 12k in losses?

I mean, it goes both ways. If you're gonna bash for not buying, you're gonna step up to the plate if someone buys and it doesn't work....right?

[iam90sbaby 2,610]

Pokemon Go

 

 

 

So you are still saying "Buy buy buy"

 

If I buy, and it falls to 5k...you've got my back on the 12k in losses?

 

I mean, it goes both ways. If you're gonna bash for not buying, you're gonna step up to the plate if someone buys and it doesn't work....right?

 

Nope. He has been trolling me, so I am not ever going to let him forget that he left a million on the ground and kept walking. I wonder what his wife would think if she found out.

[iam90sbaby 2,610]

If you feel this way, it isn't Ripple you should be buying. It's IOTA.

 

Here is the different though, Ripple is trying to be a currency and thats it and they are already working with banks, IOTA isn't and considering the nature of the coin the only way it could really work is it being centralized.

[IMMensaMind 462]

Pokemon Go

 

So you are still saying "Buy buy buy"

If I buy, and it falls to 5k...you've got my back on the 12k in losses?

I mean, it goes both ways. If you're gonna bash for not buying, you're gonna step up to the plate if someone buys and it doesn't work....right?

Let me get this straight.

 

You want to somehow impugn 90's for being totally correct on a buy recommendation from over a year ago by demanding that he be correct on this continued recommendation, to the point that he must cover you on any possible losses incurred if you put money into an investment in which you don't believe?

 

Da fuq?

[Scary Gary 19]

Let me get this straight.

 

You want to somehow impugn 90's for being totally correct on a buy recommendation from over a year ago by demanding that he be correct on this continued recommendation, to the point that he must cover you on any possible losses incurred if you put money into an investment in which you don't believe?

 

Da fuq?

 

 

Nope.

 

Its a bit deeper than that.

[nobody 2,668]

If you feel this way, it isn't Ripple you should be buying. It's IOTA.

I own them all. Banks control the government. Banks control ripple.

The US government absolutely can not, will not, and frankly SHOULD NOT allow the dollar to be usurped by a world wide digital currency that ties our economic fate to every other country in the world. That's economic suicide. What happens when more and more countries socialize themselves into bankruptcy? Their problems would necessarily become the US's problems. We DO NOT want that.

[IMMensaMind 462]

Here is the different though, Ripple is trying to be a currency and thats it and they are already working with banks, IOTA isn't and considering the nature of the coin the only way it could really work is it being centralized.

 

To clarify for those reading, you mean that the only way that Ripple could work is by being centralized. IOTA is anathema to that.

 

I was trying to point out to nobody that IOTA avoids the scalability/unwieldy problems of blockchain, and can be both a currency and a costless data transfer mechanism, and give society something that Ripple takes away.

[IMMensaMind 462]

I own them all. Banks control the government. Banks control ripple.

The US government absolutely can not, will not, and frankly SHOULD NOT allow the dollar to be usurped by a world wide digital currency that ties our economic fate to every other country in the world. That's economic suicide. What happens when more and more countries socialize themselves into bankruptcy? Their problems would necessarily become the US's problems. We DO NOT want that.

The purpose and beauty of CCs is that they exist to avoid the problem about which you worry.

[mmmmm...beer 807]

 

Nope. He has been trolling me, so I am not ever going to let him forget that he left a million on the ground and kept walking. I wonder what his wife would think if she found out.

Questioning your absolute obsessiveness with this is not trolling kid. It's called thinking... stop seeing a different point of view as a personal attack. This is where you millenials just absolutely fall apart. Nobody has ever told you no... you don't know how to respond.

 

You're the one getting personal with name calling and the like. If you want to start talking about my family... you and I can meet up and discuss that for a very short duration young man.

[iam90sbaby 2,610]

Questioning your absolute obsessiveness with this is not trolling kid. It's called thinking... stop seeing a different point of view as a personal attack. This is where you millenials just absolutely fall apart. Nobody has ever told you no... you don't know how to respond.

 

You're the one getting personal with name calling and the like. If you want to start talking about my family... you and I can meet up and discuss that for a very short duration young man.

 

And there it is again like clockwork. You always fire shots at me first and then try to act like the enlightened one when I fire back. Has nothing to do with being a millennial or a certain generation.

 

And the latter statement I can't even take seriously. And I'm the immature one? Grow a pair.

[mmmmm...beer 807]

 

And there it is again like clockwork. You always fire shots at me first and then try to act like the enlightened one when I fire back. Has nothing to do with being a millennial or a certain generation.

 

And the latter statement I can't even take seriously. And I'm the immature one? Grow a pair.

Again.. talk redic with no consequences.. again.. millenial.

[iam90sbaby 2,610]

Again.. talk redic with no consequences.. again.. millenial.

 

A law enforcement officer trying to pick a fight over the internet with a person that gave him investing advice because his ego got shot down? Yeah, we might be focked.

[nobody 2,668]

The purpose and beauty of CCs is that they exist to avoid the problem about which you worry.

You guys are buying into this concept that blockchains are unimpeachable. That is a false pretense. The backbone of the bitcoin blockchain is that it has to be decentralized. With enough incentive and resources, you can effectively centralize and thus control the network. Encapsulating the world's wealth is a pretty huge incentive to monkey around with the entire thing.

 

And this is just what a random software guy that helps design and test ASICs thinks. What is the NSA and whatever N. Korea's, China's, Russia's and Saudi's version of the NSA coming up with.

 

Think more macroscopically before rushing headlong into this shït. Let's just get rich. We don't need any crypto to be a world-wide adopted currency to do that.

[mmmmm...beer 807]

 

A law enforcement officer trying to pick a fight over the internet with a person that gave him investing advice because his ego got shot down? Yeah, we might be focked.

I'm not acting/speaking in any capacity other than a low rent fantasy football bored poster. I don't dig people talking about my family. Your other little insults are laughable.

[iam90sbaby 2,610]

I'm not acting/speaking in any capacity other than a low rent fantasy football bored poster. I don't dig people talking about my family. Your other little insults are laughable.

 

Whatever you say man, whatever you say.

[IMMensaMind 462]

Questioning your absolute obsessiveness with this is not trolling kid. It's called thinking... stop seeing a different point of view as a personal attack. This is where you millenials just absolutely fall apart. Nobody has ever told you no... you don't know how to respond.

You're the one getting personal with name calling and the like. If you want to start talking about my family... you and I can meet up and discuss that for a very short duration young man.

Well, I like you both as posters, and I don't like when two posters I like go at each other fruitlessly, so I try to mediate.

 

I think you are sorta pickin' at him, like the 'hrrrm...Ripple you say' post. He then shoots back by needling you about missing out on a run that apparently would have been a huge windfall (I listened to my wife and didn't put 5 grand into BTC when it was $30 , so I understand that), and then everyone gets bent out of shape.

 

No biggie. I think he's right on CCs, and right on Ripple. I want no part of Ripple for the same reason he's saying: it's not as though it's not a potential investment though, it's just that I'm philosophically opposed to it. Ripple is simply the Old Guard attempting to use new technology to keep up with the new paradigm to protect the old paradigm - but I don't see how that works, as the new paradigm insulates itself from control as a result of the feature endemic to the technology itself.

 

You boys need to get along. You have too much in common.

[IMMensaMind 462]

You guys are buying into this concept that blockchains are unimpeachable. That is a false pretense.

Wut? In fact, IOTA is highly intriguing because its technology demonstrates that blockchain may in fact be inferior.

 

The backbone of the bitcoin blockchain is that it has to be decentralized. With enough incentive and resources, you can effectively centralize and thus control the network. Encapsulating the world's wealth is a pretty huge incentive to monkey around with the entire thing.

I'm not entirely sure what you mean here - or at least how you mean it.

 

And this is just what a random software guy that helps design and test ASICs thinks. What is the NSA and whatever N. Korea's, China's, Russia's and Saudi's version of the NSA coming up with.

Think more macroscopically before rushing headlong into this shït. Let's just get rich. We don't need any crypto to be a world-wide adopted currency to do that.

I definitely don't want a universally adopted currency. I thought my posts made that clear. In fact, I see CCs as assurance that such a thing won't happen.

[nobody 2,668]

We're probably talking past each other a little. Let's just go back to getting rich.

[IMMensaMind 462]

We're probably talking past each other a little. Let's just go back to getting rich.

You don't want a universal CC. Why do you think Ripple avoids that?

 

I suggested IOTA because it doesn't do what Ripple is trying to do, and it isn't based upon blockchain.

[iam90sbaby 2,610]

Well, I like you both as posters, and I don't like when two posters I like go at each other fruitlessly, so I try to mediate.

 

I think you are sorta pickin' at him, like the 'hrrrm...Ripple you say' post. He then shoots back by needling you about missing out on a run that apparently would have been a huge windfall (I listened to my wife and didn't put 5 grand into BTC when it was $30 , so I understand that), and then everyone gets bent out of shape.

 

No biggie. I think he's right on CCs, and right on Ripple. I want no part of Ripple for the same reason he's saying: it's not as though it's not a potential investment though, it's just that I'm philosophically opposed to it. Ripple is simply the Old Guard attempting to use new technology to keep up with the new paradigm to protect the old paradigm - but I don't see how that works, as the new paradigm insulates itself from control as a result of the feature endemic to the technology itself.

 

You boys need to get along. You have too much in common.

 

I like beer which is why he was the only person I even messaged back then about cryptos and since then he takes every opportunity he can to troll me and point his finger and say "See triggered! Millennial!".

[WhiteWonder 2,734]

This is definitely the 50 year old, tech un-savvy, guy speaking ....but explain to me the difference between this and beanie babies, baseball cards, or collector Elvis plates from the Franklin Mint.

In some ways a lot. In other ways, not much. A lot of this (price wise) is beanie baby craze-esque. You can't go to a finance news site without pictures of golden bitcoins headlining every article. It's a buzz word.

 

As, I think gladiators, said... people are buying because people are buying and they see the massive profits and hope it's not too late. Definitely have the feeling that few people are buying because of the tech behind it.

 

I see lots of people on finance message boards asking which alt coin will be the next bitcoin. Rather than, what is IOTA? What is ripple? What is litecoin? They just want the next coin thay goes from 800-18k in a year.

 

Notbing wrong with that and before the pumpeteers get their feelings hurt, I once again am not anti CCs. JUST saying what I see.