Cryptocurrencies

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  • rgambsrgambs Posts: 9,826
    unsung said:
    But where is it not being used as a currency?  That is what I am talking about, you are inserting an opinion that is not true and it comes across as political.

    There are many cryptos other than btc.  Some are junk, just like the regulated stock market.

    Using the term bubble shows a lack of understanding in it.  Bubbles exist, yes.  Many are artificially created by government, is it so bad then?

    Comparing it to tulips is another one of those signs that the person has no idea what they are talking about.

    Jan 1 I am selling off enough to not worry about money much anymore.  That tulip mania worked for me.  It could work for many others if people took the time to research and understand instead of what they see on Bloomberg or hear from Jamie Dimon.
    The better question would be where IS it being used as currency, and the answer is, almost nowhere.
    You got yours and that's good for you, but you aren't addressing what most see as very real complications, you are just passing them off as a conspiratorial plot like every other issue.
    Monkey Driven, Call this Living?
  • unsungunsung Posts: 8,101
    No, I am embracing it and not bitching about it from the sidelines.

    A lot of people got theirs.  It is a beautiful thing.
  • CM189191CM189191 Minneapolis via ChicagoPosts: 3,337
    unsung said:
    Leftist worries < paying off my mortgage.
    Tell that to 2006-2008
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  • PJ_SoulPJ_Soul Vancouver, BCPosts: 38,311
    edited January 2
    rgambs brings up good points unsung. I think you have a vested interest in bitcoin succeeding in the long run, but it would do you good to consider the other side as well. Here is an example: the university I work at decided it would be a good idea/progressive/cool to get a bitcoin ATM installed in the university store/bookstore, and since Vancouver is the birthplace of the bitcoin ATM and people are generally well aware of bitcoin at any university that is full of econ and business majors it seemed like a good fit. it was a legit idea for sure, and they made a big deal of it. They thought students or their parents would use it to buy all those expensive textbooks I'm sure, along with all that very expensive school branded merchandise. They also thought that there were plenty of international students with extremely deep pockets who would be eager to buy and use the ATM. That was a couple of years ago. And how is that going? Well, I was in the bookstore recently and I noticed that the thing is still sitting there... and it isn't even plugged in, lol. It is a giant paperweight and the general public doesn't give a flying fuck. I'm not sure any currency can succeed long term if the general public doesn't give a fuck. We'll see. I am still where I have always been - maybe it will succeed long term, and maybe it won't. I hope everyone, including those who buy it and are hopeful, will always keep considering all sides of this. I'm not convinced that you are, unsung, but good luck with your investment (if it were me, I think I'd be selling my bitcoins at this point).
    Post edited by PJ_Soul on
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • brianluxbrianlux Moving through All Kinds of Terrain.Posts: 21,712
    Maybe a warning sign, bitcoiners?

    Australian Banks Reportedly Freezing the Accounts of Bitcoin Users

    http://bitcoinist.com/australian-banks-reportedly-freezing-bank-accounts-bitcoin-users/


    We're living on the edge of something big. It's a fantastic time in history to be alive.
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  • DegeneratefkDegeneratefk Posts: 2,937
    I just watched the cryptocurrency movie on Netflix. Bitcoin was supposed to take out the middle man. But it is going to be next to impossible to do that. Just as stated before, having an atm machine is utilizing a middle man. 

    Plus banks are now trying to figure out a way to use the same technology for their personal accounts. So where is the advantage? I'm pretty sure they will succeed in using bitcoin technology for their customers. 
    will myself to find a home, a home within myself
    we will find a way, we will find our place
  • oftenreadingoftenreading Victoria, BCPosts: 6,533
    Interesting article on the vagaries of cryprocurrency markets. 

    https://www.theguardian.com/technology/2018/jan/07/bitcoin-crypto-currencies-mcafee
    my small self... like a book amongst the many on a shelf
  • buck502000buck502000 Birthplace of GIBSON guitarPosts: 7,403
    Interesting article on the vagaries of cryprocurrency markets. 

    https://www.theguardian.com/technology/2018/jan/07/bitcoin-crypto-currencies-mcafee
    Dude has weak hands
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    Life is hard, that's why no one survives

  • mickeyratmickeyrat Posts: 13,544
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  • mickeyratmickeyrat Posts: 13,544
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • buck502000buck502000 Birthplace of GIBSON guitarPosts: 7,403
    I just saw a robot making a pizza on tv....
    Cork-Eddie-17 Chicago 1&2-16 Miami-16 Ft. Lauderdale-16 New York City(Colbert,Sound Check,Show)-15 Moline-14 Detroit-14 Amsterdam 1&2-14 Chicago-13 Noblesville-10 Grand Rapids-06 Grand Rapids-04 Auburn Hills-00 Auburn Hills-98 Toledo-96

    Life is hard, that's why no one survives

  • tbergstbergs Posts: 3,145
    I just saw a robot making a pizza on tv....
    Comet Pizza sex robots?
    It's a hopeless situation...
  • unsungunsung Posts: 8,101
    Can you all not ruin the thread and keep it on topic please?
  • buck502000buck502000 Birthplace of GIBSON guitarPosts: 7,403
    Sure, Unsung how much money did you pull out Jan. 1?
    Cork-Eddie-17 Chicago 1&2-16 Miami-16 Ft. Lauderdale-16 New York City(Colbert,Sound Check,Show)-15 Moline-14 Detroit-14 Amsterdam 1&2-14 Chicago-13 Noblesville-10 Grand Rapids-06 Grand Rapids-04 Auburn Hills-00 Auburn Hills-98 Toledo-96

    Life is hard, that's why no one survives

  • unsungunsung Posts: 8,101
    I didn't.  I am not quite ready to jump off.  Soon though as I want to buy a different house.
  • buck502000buck502000 Birthplace of GIBSON guitarPosts: 7,403
    unsung said:
    I didn't.  I am not quite ready to jump off.  Soon though as I want to buy a different house.
    the floodgates have not opened yet.  A lot of the bigger exchanges have closed registrations or limited them because of high demand.  Can't wait for all the noobs show up and don't know where to put their money.  ;)
    Cork-Eddie-17 Chicago 1&2-16 Miami-16 Ft. Lauderdale-16 New York City(Colbert,Sound Check,Show)-15 Moline-14 Detroit-14 Amsterdam 1&2-14 Chicago-13 Noblesville-10 Grand Rapids-06 Grand Rapids-04 Auburn Hills-00 Auburn Hills-98 Toledo-96

    Life is hard, that's why no one survives

  • unsungunsung Posts: 8,101
    I have done something that I have never done and that is to put money into shitcoins for when the newbs arrive.  It is paying off well and I welcome more.

    It is amazing that people don't reasearch these companies.  I figured I might as well jump on board with some play money.  
  • Halifax2TheMaxHalifax2TheMax Posts: 10,609
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  • unsungunsung Posts: 8,101
    In the case of a worldwide blackout bitcoin is the least of my concerns.
  • PJ_SoulPJ_Soul Vancouver, BCPosts: 38,311
    edited January 9
    unsung said:
    In the case of a worldwide blackout bitcoin is the least of my concerns.
    I seriously doubt that any of your money, whatever currency it may be in, will be the least of your concerns in such an event. It will, in fact, likely be one of your top concerns, just like it is for everyone else during a massive crisis that threatens your well-being and survival. But that is kind of sweet that you don't think your money will cross your mind in such an event.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • unsungunsung Posts: 8,101
    Nonody will take dollars in a collapse, a real collapse, goods would be the exchange of value.  Things like brass, lead, beans, rice, toilet paper, food, etc.

    "Money" will revert to it has been for centuries, gold and silver.  
  • unsungunsung Posts: 8,101
    In a real collapse a hundred dollar bill is only good for starting fires, or wiping your...
  • PJ_SoulPJ_Soul Vancouver, BCPosts: 38,311
    True, if you talking a complete collapse of the world's economy. Is that what we're talking about?? A worldwide blackout and the complete collapse of all world economies are two different things. Okay, yeah, of course in that case we'll all wish it was gold and diamonds and shit like that we'd invested in, lol. And that we'd all been doomsday preppers I suppose, lol. Me, I'd rather be dead than live in such a world, so I really don't have to worry about it! 
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • unsungunsung Posts: 8,101
    I thought that is what you were talking about.

    If you were speaking of a stock market crash I think crypto would go up more.  I got started in it to begin to work away from the rigged central banking system, now there are a lot of speculators too.  In the end it will change the global financial system, imo.
  • brianluxbrianlux Moving through All Kinds of Terrain.Posts: 21,712
    unsung said:
    Nonody will take dollars in a collapse, a real collapse, goods would be the exchange of value.  Things like brass, lead, beans, rice, toilet paper, food, etc.

    "Money" will revert to it has been for centuries, gold and silver.  
    True, goods, maybe gold and silver, definitely good basic skills like horseshoeing, mule training, anything using hand tools, farming, etc.
    We're living on the edge of something big. It's a fantastic time in history to be alive.
    AMT, 1.25.15, 00:36 hrs.
    ***********
    M.I.T.S.
  • PJ_SoulPJ_Soul Vancouver, BCPosts: 38,311
    unsung said:
    I thought that is what you were talking about.

    If you were speaking of a stock market crash I think crypto would go up more.  I got started in it to begin to work away from the rigged central banking system, now there are a lot of speculators too.  In the end it will change the global financial system, imo.
    I was actually talking about an actual global blackout, i.e. everyone's electricity goes out for some fucking reason. I'm pretty sure that is what was stated in the first place.So I meant an actual state of emergency that prevents people from accessing their cash for some extended period of time. We could just use a more localized disaster as an example, like in Puerto Rico, where I'm sure they definitely enjoy whatever access to their wealth that they can get (I wonder how many were cut off from their bitcoins and all their money there, and for how long??), but you said "worldwide blackout" so I went with that, even though it seems impossible, haha. Anyway, let's just say I was talking a major disaster that cuts people off from power for an extended period of time but not the actual financial apocalypse. :lol: ;)
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • buck502000buck502000 Birthplace of GIBSON guitarPosts: 7,403
    Keep a balanced portfolio 
    Cork-Eddie-17 Chicago 1&2-16 Miami-16 Ft. Lauderdale-16 New York City(Colbert,Sound Check,Show)-15 Moline-14 Detroit-14 Amsterdam 1&2-14 Chicago-13 Noblesville-10 Grand Rapids-06 Grand Rapids-04 Auburn Hills-00 Auburn Hills-98 Toledo-96

    Life is hard, that's why no one survives

  • unsungunsung Posts: 8,101
    PJ_Soul said:
    unsung said:
    I thought that is what you were talking about.

    If you were speaking of a stock market crash I think crypto would go up more.  I got started in it to begin to work away from the rigged central banking system, now there are a lot of speculators too.  In the end it will change the global financial system, imo.
    I was actually talking about an actual global blackout, i.e. everyone's electricity goes out for some fucking reason. I'm pretty sure that is what was stated in the first place.So I meant an actual state of emergency that prevents people from accessing their cash for some extended period of time. We could just use a more localized disaster as an example, like in Puerto Rico, where I'm sure they definitely enjoy whatever access to their wealth that they can get (I wonder how many were cut off from their bitcoins and all their money there, and for how long??), but you said "worldwide blackout" so I went with that, even though it seems impossible, haha. Anyway, let's just say I was talking a major disaster that cuts people off from power for an extended period of time but not the actual financial apocalypse. :lol: ;)
    Ok, so it is regional.  It would still exist.  The network is still too new that most people don't use it 100%.

    When the power comes back it will still be there.
  • PJ_SoulPJ_Soul Vancouver, BCPosts: 38,311
    unsung said:
    PJ_Soul said:
    unsung said:
    I thought that is what you were talking about.

    If you were speaking of a stock market crash I think crypto would go up more.  I got started in it to begin to work away from the rigged central banking system, now there are a lot of speculators too.  In the end it will change the global financial system, imo.
    I was actually talking about an actual global blackout, i.e. everyone's electricity goes out for some fucking reason. I'm pretty sure that is what was stated in the first place.So I meant an actual state of emergency that prevents people from accessing their cash for some extended period of time. We could just use a more localized disaster as an example, like in Puerto Rico, where I'm sure they definitely enjoy whatever access to their wealth that they can get (I wonder how many were cut off from their bitcoins and all their money there, and for how long??), but you said "worldwide blackout" so I went with that, even though it seems impossible, haha. Anyway, let's just say I was talking a major disaster that cuts people off from power for an extended period of time but not the actual financial apocalypse. :lol: ;)
    Ok, so it is regional.  It would still exist.  The network is still too new that most people don't use it 100%.

    When the power comes back it will still be there.
    Speaking of which, most people now have all their money electronically, not just bitcoin. You can't use your debit or credit cards in a blackout either. It is the downside of a cash-free world.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • Halifax2TheMaxHalifax2TheMax Posts: 10,609
    09/15/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/29/08, 06/30/08, Mansfield, MA; 08/18/08, O2 London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL;

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