Cryptocurrencies

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  • tempo_n_groove
    tempo_n_groove Posts: 41,963
    my2hands said:
    tempo_n_groove said:
    josevolution said:
    tempo_n_groove said:
    I'd buy some of that Litecoin for $30 a pop.
    So why don't you ? 
    It's a pain in the ass to try and get a "crypto wallet".

    You need to jump through hoops to get into it.

    If it gets easier to obtain a wallet then I'll throw money at it.
    Maybe you should listen to yourself, might help you realize it's maybe not the best investment lol
    If you throw a few hundred bucks and it takes off then great, if it doesn't I'll consider it a night at the casino.

    I'm not throwing thousands at it!
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,804
    tempo_n_groove said:
    my2hands said:
    tempo_n_groove said:
    josevolution said:
    tempo_n_groove said:
    I'd buy some of that Litecoin for $30 a pop.
    So why don't you ? 
    It's a pain in the ass to try and get a "crypto wallet".

    You need to jump through hoops to get into it.

    If it gets easier to obtain a wallet then I'll throw money at it.
    Maybe you should listen to yourself, might help you realize it's maybe not the best investment lol
    If you throw a few hundred bucks and it takes off then great, if it doesn't I'll consider it a night at the casino.

    I'm not throwing thousands at it!
    Yeah, makes sense.   Like my wife has often said, "Don't gamble more than you can afford to lose." 

    That said, I don't have enough confidence to gamble with cryptocurrencies.  But I'm also a very conservative investor anyway.
    "It's a sad and beautiful world"
    -Roberto Benigni

  • oftenreading
    oftenreading Victoria, BC Posts: 12,856
    brianlux said:
    tempo_n_groove said:
    my2hands said:
    tempo_n_groove said:
    josevolution said:
    tempo_n_groove said:
    I'd buy some of that Litecoin for $30 a pop.
    So why don't you ? 
    It's a pain in the ass to try and get a "crypto wallet".

    You need to jump through hoops to get into it.

    If it gets easier to obtain a wallet then I'll throw money at it.
    Maybe you should listen to yourself, might help you realize it's maybe not the best investment lol
    If you throw a few hundred bucks and it takes off then great, if it doesn't I'll consider it a night at the casino.

    I'm not throwing thousands at it!
    Yeah, makes sense.   Like my wife has often said, "Don't gamble more than you can afford to lose." 

    That said, I don't have enough confidence to gamble with cryptocurrencies.  But I'm also a very conservative investor anyway.
    It’s totally appropriate to be a conservative investor at this stage of your life, Brian, given that you are heading in to your retirement years. Have you always been one, though? I’m assuming by “conservative” you mean things like fixed income products vs equities, and not that you’re investing in Hobby Lobby ;) 
     
    my small self... like a book amongst the many on a shelf
  • my2hands
    my2hands Posts: 17,117
    tempo_n_groove said:
    my2hands said:
    tempo_n_groove said:
    josevolution said:
    tempo_n_groove said:
    I'd buy some of that Litecoin for $30 a pop.
    So why don't you ? 
    It's a pain in the ass to try and get a "crypto wallet".

    You need to jump through hoops to get into it.

    If it gets easier to obtain a wallet then I'll throw money at it.
    Maybe you should listen to yourself, might help you realize it's maybe not the best investment lol
    If you throw a few hundred bucks and it takes off then great, if it doesn't I'll consider it a night at the casino.

    I'm not throwing thousands at it!
    Take the Eagles on the money line this week, it's a better investment 
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,971
    rgambs said:
    tempo_n_groove said:
    my2hands said:
    I think he did well
    Yes, very.
    I would guess otherwise, he didn't give any indication he was going to sell while it was hot, seemed to think it would go up forever.
    Yeah, that was my impression too.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • Halifax2TheMax
    Halifax2TheMax Posts: 43,270
    So much winning. Dinars, put it all in dinars.

    https://apple.news/AmK96XJv-QmS3cKEQSExypw
     
    09/15/1998 & 09/16/1998, 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; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, 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; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR; 05/03/2025, New Orleans, LA;

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  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,971
    edited January 2019
    Halifax2TheMax said:
    So much winning. Dinars, put it all in dinars.

    https://apple.news/AmK96XJv-QmS3cKEQSExypw
     
    Whoa. That's a sharp downturn.
    Still, fuck, I wish I'd bought them when they were $70!! I for sure would have cashed in when they got really high.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,804
    Well now, here's one interesting little feature of cryptocurrencies we haven't discussed (but do correct me if I missed something here), and that is the simple fact that mining cryptocurrencies is hugely bad for the planet.  Huh? you say"

    Dig:


    "Then there is the environment. Oil is a big offender. So is Bitcoin. [Cryptocurrency] Mining uses as much power as a small country, according to some estimates.  Miners compete for limited coins, resulting in an arms race, and that power usage increases constantly and rapidly.

    In China, which leads Bitcoin mining, 60% of energy comes from coal. Even if mining uses clean power, it carries the opportunity cost of not using said power for greener purposes, such as charging electric cars, which replace fossil-fuel-guzzling vehicles."


    Way to go, humans.



    "It's a sad and beautiful world"
    -Roberto Benigni

  • jeffbr
    jeffbr Seattle Posts: 7,177
    brianlux said:
    Well now, here's one interesting little feature of cryptocurrencies we haven't discussed (but do correct me if I missed something here), and that is the simple fact that mining cryptocurrencies is hugely bad for the planet.  Huh? you say"

    Dig:


    "Then there is the environment. Oil is a big offender. So is Bitcoin. [Cryptocurrency] Mining uses as much power as a small country, according to some estimates.  Miners compete for limited coins, resulting in an arms race, and that power usage increases constantly and rapidly.

    In China, which leads Bitcoin mining, 60% of energy comes from coal. Even if mining uses clean power, it carries the opportunity cost of not using said power for greener purposes, such as charging electric cars, which replace fossil-fuel-guzzling vehicles."


    Way to go, humans.



    You're correct here, Brian. Those bitcoin miners ended up descending on central Washington, near the Gorge, in Clark County where power was very cheap. A ton of data centers have been built and the power companies had to figure out different tier structures so that costs could be covered and residential customers wouldn't get screwed. But that bubble has burst. A massive bitcoin mining company, Giga Watt has now declared Chapter 11 and owes almost $1 million to the local power companies. Crazy stuff.
    https://www.coindesk.com/bankrupt-bitcoin-miner-giga-watt-forced-to-cease-daily-operations

    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • rgambs
    rgambs Posts: 13,576
    https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/

    I'm fighting to stifle my desire to find this hilarious.  
    Monkey Driven, Call this Living?
  • oftenreading
    oftenreading Victoria, BC Posts: 12,856
    rgambs said:
    https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/

    I'm fighting to stifle my desire to find this hilarious.  
    Oh my. 

    It says a lot about my lack of familiarity with cryptocurrencies that this problem didn’t occur to me. Now that I read it, it’s obvious. And it should have been obvious to the CEO of this company, and anyone else involved in this line of business. Or do they think it’s impossible that they could wind up injured, incapacitated, or dead in a freak event any day of the week?

    Time for this industry to grow up a little. 
    my small self... like a book amongst the many on a shelf
  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,852
    I remember reading a different story like that.  It was an investor that only had like $10K invested but he could not get his password to work to access his account.  Shitty way to lose money.
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • Meltdown99
    Meltdown99 None Of Your Business... Posts: 10,739
    Sudden death of cryptocurrency leader sends Quadriga into 'tailspin,' panicking clients
    Give Peas A Chance…
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,971
    edited February 2019
    rgambs said:
    https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/

    I'm fighting to stifle my desire to find this hilarious.  
    Not funny to me - I'm sure this quite negatively impacts the local BC economy, not to mention the 115,000 customers who are screwed. The stupidity behind this is STUNNING though.
    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
  • Halifax2TheMax
    Halifax2TheMax Posts: 43,270
    FDIC


    09/15/1998 & 09/16/1998, 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; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, 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; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR; 05/03/2025, New Orleans, LA;

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  • Meltdown99
    Meltdown99 None Of Your Business... Posts: 10,739
    PJ_Soul said:
    rgambs said:
    https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/

    I'm fighting to stifle my desire to find this hilarious.  
    Not funny to me - I'm sure this quite negatively impacts the local BC economy, not to mention the 115,000 customers who are screwed. The stupidity behind this is STUNNING though.
    That is a good point.  I also have been trying to follow the money laundering going on at BC casinos.  They need to get that stopped. I read they estimate a billion has been laundered at BC casinos if I remember correctly.  
    Give Peas A Chance…
  • tempo_n_groove
    tempo_n_groove Posts: 41,963
    Halifax2TheMax said:
    FDIC


    Cryptocurencies are everything you don't want with what FDIC is.  Govt involvement, rules, regulations.
  • Halifax2TheMax
    Halifax2TheMax Posts: 43,270
    tempo_n_groove said:
    Halifax2TheMax said:
    FDIC


    Cryptocurencies are everything you don't want with what FDIC is.  Govt involvement, rules, regulations.
    I get it. And look what’s happened. What’s the assurance any crypto is available when wanted?
     
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  • Meltdown99
    Meltdown99 None Of Your Business... Posts: 10,739
    Canadian case is another warning about the murky world of cryptocurrency: Don Pittis

    https://www.cbc.ca/news/business/quadriga-bitcoin-bankruptcy-1.5004735?fbclid=IwAR2GRnsHLPrfH0fKnEI5LVbCmnMaz8OCO16FhLUQOIgA5hSEPDLp_2Aw-ls"

    You know if any other group of Canadians lost $300M from a bank or other finance company, the govt would be freaking, responding and bailing them out but they just don't care when crypto people lose vast sums of money," tweeted Canadian lawyer Christine Duhaime. "It's not right."

    Why should they be bailed out?  We don't bail people out who gamble in the stock market or at the casino...tough.

    I just wonder if he was cremated or encrypted?
    Give Peas A Chance…
  • Halifax2TheMax
    Halifax2TheMax Posts: 43,270
    Meltdown99 said:
    Canadian case is another warning about the murky world of cryptocurrency: Don Pittis

    https://www.cbc.ca/news/business/quadriga-bitcoin-bankruptcy-1.5004735?fbclid=IwAR2GRnsHLPrfH0fKnEI5LVbCmnMaz8OCO16FhLUQOIgA5hSEPDLp_2Aw-ls"

    You know if any other group of Canadians lost $300M from a bank or other finance company, the govt would be freaking, responding and bailing them out but they just don't care when crypto people lose vast sums of money," tweeted Canadian lawyer Christine Duhaime. "It's not right."

    Why should they be bailed out?  We don't bail people out who gamble in the stock market or at the casino...tough.

    I just wonder if he was cremated or encrypted?
    Encrypted cremation.
    09/15/1998 & 09/16/1998, 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; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, 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; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR; 05/03/2025, New Orleans, LA;

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