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Awani
01-08-2016, 05:55 AM
http://i60.photobucket.com/albums/h18/deviadah/forum/Unknown_zpsvkpfddrn.jpeg

Ok it's fucking time to get down to business. Been putting this off for a long time...

I have known about bitcoin for a long time and at first it can be daunting to understand it, but once you fully grasp it (as I have, although don't ask me how the actually algorithm works) then it is truly a work of art - and most importantly a big fuck you to the illusionary banking industry.


Bitcoin is a digital asset and a payment system invented by the mysterious Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer; users can transact directly without an intermediary.

There are only 21 million Bitcoins. More Bitcoins can't be created so there can not be inflation. It is not backed by gold, but gold is not a stable source of value.

What is value? What people deem valuable. That means the more people use Bitcoins (and not sit on them) the more value they get. So this thread is also propagandha to get you all to be aware of it. As you become aware (if you are not already) you add value. ;)

How are Bitcoins created? Well this I found was very complicated, but really it is very easy. Everyone can "mine" for Bitcoin using their computer. But because of the rise in popularity the power of just a PC is not enough to ever create a Bitcoin because you only get "paid" if you suppy enough calculating power to the Bitcoin "system".

Basically it is like seeding. When you download a movie from PirateBay you can leave it open so others can also download it quicker. Same concept. You basically seed in a sense. And the more you seed the more you get paid.

So to mine for Bitcoin you need an ASIC (https://en.wikipedia.org/wiki/Application-specific_integrated_circuit). And it needs to put out at least 1 TH/s, which is 1,000,000,000,000 hashes (https://en.bitcoin.it/wiki/Hash) per second.

Such a piece of machine costs about 1000 USD.

Now power is the trick... if your electricity is expensive (as in the USA I think, correct me if I am wrong) mining for Bitcoin might not be viable, unless you can "steal" power or create your own (wind or solar). Where I am power is pretty cheap, 0,11 cents per kWh.

Here is a Bitcoin mining calculator: bitcoin-mining-calculator (http://www.coinwarz.com/calculators/bitcoin-mining-calculator)

According to my calculations it is possible to make at least 1000 USD per year per AISC. if the Bitcoin market is fairly stable, which it actually is compared to other markets).

This means if you have 100 AISC you can potentially make a shitload of money. But if you do this you are no longer mining, you are farming! ;)

There are a lot more aspects to this and what I have outlined here are just the tip of the iceberg. There are a lot of YouTube videos on all this if you want to understand more.

-------------------------------------------

Why am I interested in Bitcoin?

Well it is actually not the possibility of making money, although that is very nice... but I like Bitcoin for the same reason I like anything not controlled by middle-men. It is truly the way of the future in the same way as I believe in VR (http://forum.alchemyforums.com/showthread.php?4540-Otherland-(the-Rift-is-coming)). And it is very good for the underdeveloped world. It is not easy to "work" with banks if you are poor, but with Bitcoin you only need an internet connection on your phone (which most people have, even the poor).

"Bitcoin will do to banks what email did to the postal industry" - Rick Falkvinge, Founder of the Swedish pirate party

“I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world." - Peter Thiel, Co-Founder of Paypal

"[Bitcoin] is a techno tour de force." - Bill Gates, Founder of Microsoft

:cool:

zoas23
01-08-2016, 07:21 AM
Take care with the Bitcoins!

It's not a good or safe investment. A somehow close friend who worships the internet as if it was a God invested most of his money in bitcoins.... he lost 2/3 of his money.

http://blog.cex.io/wp-content/uploads/2015/03/market-price.png

As an abstraction, you may like them... but as a long term investment.... it's really risky.

They are, however, good for anonymous purchases... but it is safer to get them directly before the purchase rather than storing them (unless you like gambling and that's fine).

JDP
01-08-2016, 09:54 AM
It is not backed by gold, but gold is not a stable source of value.

Actually it still is. A lot of people invest in gold, specially during times of economic crisis. But you just wait until I get done with it after I discover how to make the Stone and eventually flood the market with gold (while my pockets, safety deposit boxes and foreign numbered bank accounts are filled with cash, and I invest a lot of it in real estate.) It won't be worth a penny. ;)

Andro
01-08-2016, 11:07 AM
The main (if not only) 'commodity' in this VR market place is perception. It's different in the non-VR 'market', but that's another topic.

(Almost) nothing has intrinsic value, only the perception of value. Not even gold (when closed in its metallic cage), especially after JDP will flood the market.

And of course real estate as well (see 2008-2009). Like Brad Pitt's character in the movie 'The Big Short (http://www.imdb.com/title/tt1596363/)' says, the next currency is likely to be organic seeds...

I don't want to sound like a conspiracy theorist, but what better way to do away with 'tangible' (not computer/internet dependent) currencies (that are harder to 'legally' steal i.e. tax) than to create (or hijack) a completely virtual currency, give it a kool grassroots spin/hype, have it endorsed by a few billionaires (Gates, Thiel) and voila, 'Brave New World' is one step closer :)

I don't even have a 'SmartPhone', but I'm occasionally feeling 'peer pressure' and institutional pressure to get one, as it's increasingly difficult to conduct one's affairs without those gizmos...

I was even late to get a PC and even later to have Internet... My days before those things were behind the shadow of a doubt more creative, I had more genuine communication with people, my psychic/telepathic channels were FAR more open than today... you get the picture. Although I use the tech today to some extent, what we're being sold as 'progress' (in the marketplace of perception) might as well be regression in disguise and actually pave the road to Idiocracy. The signs are already here.

The popular counterargument is "it's not the tech, it's what people do with it". Let's have a look around, then...

It's information/data/call it what you will that keeps us from KNOWING. But it's so damn convenient :)

Awani
01-08-2016, 04:49 PM
There is no risk because how can something that does not really exist be lost.

At the core Bitcoin is not about making money, it is about paradigm shifts.

The monetary institutions are irrelevant.

:cool:

theFool
01-08-2016, 05:34 PM
Cryptocurrencies might lose their value with the upcoming advent of quantum computing. This may take a few years (or more ..) from today, but it will eventually come. That day the company (or agency ..) who builds the quantum computer first, will be able to counterfeit or steal the cryptocurrency from random people thus destroying the trust to it (and in consequence its value). Until then, I find it very difficult for bitcoin to stop existing or lose value. It is designed to withstand the attacks pretty well (peer to peer and encrypted). In fact, I think that the value will continue to rise especially since the popularity increases and the amount of issued coins over time nears to zero. (so, good luck dev, it worths the risk!)

It also has some intrinsic properties that no other currency has. It is anonymous and cannot be confiscated at borders or by tax collectors. Would you "pay" to have it? Well, some people do ... and this creates "value".

Andro
01-08-2016, 07:14 PM
It is anonymous and cannot be confiscated at borders

I don't think anything can be anonymous, even more so on the Internet...

Also, confiscation - who says it has to be done at ('physical') borders?

A paradigm shift involves all the aspects that it touches, so it can easily also involve a paradigm shift in methods of taxation/confiscation :).

PayPal, for example, is a financial institution, virtually a bank that has to comply with ever increasing regulations.

Stripe (https://stripe.com/bitcoin), a relatively new payment platform that is founded/financed by the same people who created PayPal (Thiel, Musk), also includes Bitcoin payments.

From the Stripe website:
Bitcoin payments are integrated into the same reporting (https://dashboard.stripe.com) as credit cards.

I suspect it won't stop at this. Other balancing/counterbalancing factors will enter to maintain the illusion of a Status Quo, by the perpetual shape-shifting of old concepts into new (more appealing) forms.

Only the UnCreated cannot be confiscated :) (or otherwise tampered with).
______
I.M.S.I.

theFool
01-08-2016, 09:03 PM
I don't think anything can be anonymous, even more so on the Internet...

Also, confiscation - who says it has to be done at ('physical') borders?
Compared to bank transactions it is much more anonymous. No name or ID is required to do a transaction. If they want to find your name they have to monitor and analyze internet data at least. It cannot be confiscated like gold or banknotes if you go from country to country.

Also, it is not like paypal or any other kind of centralized electronic currency. For example, all the transactions are kept in a big file (GBytes) existing at every computer that runs the bitcoin software. This means that millions of computers know how much money you have. Confiscation would mean that someone acquires control over all those million computers; almost impossible. Also, in case they try to impersonate you and take your money through a transaction, they will stumble accross the encryption. If you don't give them your cryptokey, it is over. In other words, they have to blackmail/torture someone in order to steal the money. Maybe possible for few cases but not plausible in grand scale. Much more difficult to do compared to bank account confiscations throughout a whole country for example (or printing new banknotes, etc..).

Well, nothing is absolutely anonymous and confiscation-proof but cryptocurrencies seem to be very close to it.

thoth
01-08-2016, 09:27 PM
The TV show "The Good Wife" had a good take on it, where the federal reserve tried to close down bitcoin.
http://www.imdb.com/title/tt2148561/

The sunday times also had a good article on it
http://www.thesundaytimes.co.uk/sto/Magazine/article1379779.ece

I see both paper currency & bitcoin as belief systems, but at least bitcoin, transfers more power to the individual.
It also depends on the environment. In a famine area, Potatoes would be more valuable than Gold

zoas23
01-09-2016, 01:10 AM
There is no risk because how can something that does not really exist be lost.
At the core Bitcoin is not about making money, it is about paradigm shifts.
The monetary institutions are irrelevant.


It is not 100% true that it does not exist in practical terms.

Somebody mentioned taxes and bitcoins... for those who don't understand clearly what they are, bitcoins are not exactly a currency, but something that acts like a currency.
This is a metaphor, but it's also quite literal: imagine that you play one of those "collective videogames" and you can make money in that videogame to purchase stuff that exists in the virtual world of the videogame.

i.e, something like that happened some years ago with the videogame second life, which featured a "virtual world" and it was possible to buy things with the "virtual money" that the game used, this virtual money could be produced by buying it with "real money" or by "virtually working" in the virtual world of the game. that existed. i.e, people could buy virtual houses for their characters, clothes, pets, etc. When the game became popular, some people open real estate agencies to buy and sell houses, but they began to sell them using "real money"... so the "virtual money" of second life became equivalent to a "real currency". When the popularity of the game decayed, the ones who invested in houses lost their "real money".

The bitcoins work very much like second life "virtual money" or any other collective videogame, except that the "fun" part of it is irrelevant ("mining" isn't fun, it does not have an entertainment purpose). However the bitcoins are IDENTICAL to the "virtual money" of any videogame. I don't know the legal status of the bitcoins in each country, but in some countries they are not different than the "virtual money" of any videogame, thus you do not need to declare them to the government... in the same way that you don't need to declare which one is your rank in the candy crush games (if you happen to play them).

HOWEVER you can "lose" money, since it's true that their value depends a lot on "perception"... but it does have an "exchange value".
I.e, if you are saving dollars to buy a house and you decide to switch to bitcoins and use them to store your money until you have enough to buy a house... Well, if the bitcoins value goes down, you probably won't be able to buy the house.

(i.e, the real case of my friend is that he wanted to take a one year vacations in Europe and decided to exchange all his money for bitcoins... the value of the bitcoins fell and he couldn't have the vacations he wanted... he would have been able to have them if he had chosen a different currency).

You are in love with the "virtuality" of them, Dev... but they have an exchange value (if they didn't, then they would not make any sense).

Other than that, they are for sure not the "anti-capitalist" currency of the future... They don't really change the rules of traditional capitalism as it exists today... I don't think they are a "paradigm shift".

Awani
01-09-2016, 02:11 AM
...decided to exchange all his money for bitcoins... the value of the bitcoins fell and he couldn't have the vacations he wanted... he would have been able to have them if he had chosen a different currency...

Well this is the same for any currency. Also it is his own fault for gambling with money he needs. All true gamblers know that you only bet what you don't need.


Well, if the bitcoins value goes down, you probably won't be able to buy the house.

And if it goes up buy two houses.


Other than that, they are for sure not the "anti-capitalist" currency of the future...

Who said we should have that? I am 100 % for a real free market.


I don't think they are a "paradigm shift".

We'll just going to have to wait and see... ;)


A paradigm shift involves all the aspects that it touches, so it can easily also involve a paradigm shift in methods of taxation/confiscation :).

You know people had the same issues and ideas with Email and the Internet. It does not matter really if people like or dislike cryptocurrencies... it will become reality! Just like VR!

Either you "run with it" or you get dragged behind it.

--------------------------------------------------------------

I still think that the most important aspect of cryptocurrencies, and especially the genius of the Bitcoin algorithm, is not appreciated for what it means for the world - not in monetary terms - but in empowering terms. Like I said it is not about money, it is about freedom. And it is about sticking it to the man.

Who cares if the CIA invented Bitcoin... they probably invented the Internet. So what? No one ever heard of the tale of Frankenstein?

:cool:

Awani
01-09-2016, 02:19 AM
...nothing is absolutely anonymous and confiscation-proof but cryptocurrencies seem to be very close to it.


I see both paper currency & bitcoin as belief systems, but at least bitcoin, transfers more power to the individual.

Yes.

For a good general overview have a look at: Bitcoin: The End of Money As We Know It (http://viooz.ac/movies/27439-bitcoin-the-end-of-money-as-we-know-it-2015.html)

:cool:

JDP
01-09-2016, 10:39 AM
PayPal, for example, is a financial institution, virtually a bank that has to comply with ever increasing regulations.

So far it looks like taxes do not apply to certain amounts of money (I think the limit is $20,000) being held as "balance" in your PayPal account. For many years I have had varying amounts of money (sometimes well in excess of $1,000) in it and the IRS does not know about it, or if they do they apparently can't do anything about it, because I have never had any notifications regarding this "undeclared" income. If you move these funds to your bank account, though, things are quite different and you must report this income. PayPal Balance is almost as if it was a virtual safety deposit box where you can keep your virtual cash in, as long as you do not exceed the limit.

zoas23
01-16-2016, 09:55 AM
Something that a friend of mine who is a damn genius when it comes to computers and programming posted on his facebook:

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.884tphogf

(This friend of mine is a person who works as a freelance programmer who checks the software that huge banks use... and one of the main experts of the world when it comes to encrypted software -also "famous" for having created a software that calculates the astrological heaven for any given time, does all the Shemhamphorasch calculations possible, places the tatttwas in the chart and also integrates the 28 moon houses... he programmed it in a single night -it's only available for his friends, since it is stored in his computer and he has no intention of making it public)... all these nonsensical descriptions of him are simply to explain that he does not post bullshit when it comes to computers.

Awani
01-16-2016, 11:57 AM
https://99bitcoins.com/bitcoinobituaries/

Also if it is Bitcoin or some other crypto cash is irrelevant, but it is easy to find any side to the argument online.

My "go to" source has always been Andreas Antonopoulos:


I disagree with Mike Hearn's analysis and concerns... I thank him for all his work and wish him all the best. Onwards

Bitcoin's invention was an engineering solution to a governance problem. We can solve bitcoin's governance challenges with more engineering.

Best way to respond to all the drama in bitcoin is to focus. Buckle down, work, don't get distracted. Engineering solves problems. Code On!

:cool:

Awani
12-10-2017, 08:53 PM
1 Bitcoin = USD 15 000

Fuck, wish had bought more than one five years ago... greed is never satisfied. Now I want it to crash so I can buy tons more... I don't know what the future holds for Bitcoin... all I know is that digital currency is a reality... in the end the only thing we win or loose are numbers on a screen. Value is relative. And you can't "win" unless you play.

:p

JDP
12-10-2017, 09:33 PM
1 Bitcoin = USD 15 000

Fuck, wish had bought more than one five years ago... greed is never satisfied. Now I want it to crash so I can buy tons more... I don't know what the future holds for Bitcoin... all I know is that digital currency is a reality... in the end the only thing we win or loose are numbers on a screen. Value is relative. And you can't "win" unless you play.

:p

Just remember that next time you want to rant and put into question the reality of "chymical" and alchemical gold & silver...

Awani
12-10-2017, 09:49 PM
?

:p

JDP
12-10-2017, 10:46 PM
?

:p

Look at the underlined portions of your own words, and ponder in terms of artificial precious metals...

Awani
12-10-2017, 11:10 PM
Look at the underlined portions of your own words, and ponder in terms of artificial precious metals...

First of all the "greed" bit was not written with serious emotions attached. Secondly I have not done any study or work or anything. I just bought the Bitcoin, and then it was worth USD 15 000. I think you spend more energy in a day on trying to make gold than I did making that 15 grand in the past 5 years. So does not really relate unless you managed to make a "shitload of gold" by now. In short if you would have spent the same amount of energy on mining Bitcoin 5 years ago as you do on alchemy, you WOULD with 100 % certainty, been a millionaire by now (in dollars). The math: you would have mined 1 Bitcoin per month for 5 years = 1 000 000 USD. Funny.

Also the Bitcoin does not have a value for me really, since I am not selling it. And as long as I don't do that it is practically useless. Also funny... but fun.

:p

Andro
12-15-2017, 11:42 PM
Hackers Abscond With Around $70M Worth Of Bitcoin (https://www.celebritynetworth.com/articles/how-much-does/hackers-abscond-around-70m-worth-bitcoin/)

It's not just cryptocurrencies like Bitcoin (https://www.celebritynetworth.com/articles/entertainment-articles/whoever-created-bitcoin-controls-incredible-fortune-bad-might-dead-fortune-lost-forever/)that are mostly digital these days, but it can still make for a reality check when some huge quantity gets stolen by a hacker by nebulous means. Such was the case last week, when according to CNN one or more hackers (https://www.celebritynetworth.com/articles/how-much-does/hackers-cost-bank-russia-31-million/)busted into the bitcoin mining system of digital currency mining firm NiceHash. As NiceHash CEO Marko Kobal put it in a public statement delivered via video:
"Yesterday morning at about 1 a.m. a hacker or a group of hackers was able to infiltrate our systems through a compromised company computer… Given the complexity and security of the systems in place, this appears as an incredibly coordinated and highly sophisticated attack."
The hack came as Bitcoin has skyrocketed in value over the last several weeks, surpassing $17,000 per bitcoin for the first time. That meant the value of the hacked bitcoins came to about $70 million – or, to put it in Bitcoin terms, the hackers stole around 4,700 bitcoins from NiceHash's servers.


https://vz.cnwimg.com/wp-content/uploads/2017/12/GettyImages-887657582.jpg

Dan Kitwood/Getty Images

It looks like the unnamed hackers were able to break into the NiceHash server using a deceptively simple means: The login credentials of a NiceHash engineer. Over the course of his video statement, Kobal didn't specify whether the hackers could have accessed funds or personal information from any user accounts, but an earlier statement from NiceHash that immediately followed the crime sheds a little (and I do mean a little) more light on what happened:
"While the full scope of what happened is not yet known, we recommend, as a precaution, that you change your online passwords … In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are cooperating with them as a matter of urgency."
Even though the recent NiceHash hack is among the largest such crimes ever in terms of cash value, 4,700 bitcoins isn't much compared to other recent bitcoin heists: In 2015, European cryptocurrency exchange Bitstamp was taken for roughly 19,000 bitcoins, while last year hackers took almost 120,000 bitcoins from Hong Kong exchange Bitfinex – and to give you an idea of how much growth Bitcoin has seen since then, that haul was worth about $65 million at the time, less than the value of the more recently stolen 4,700 bitcoins by a significant margin.

Awani
12-16-2017, 02:04 AM
That is why I keep my Bitcoin on paper.

:p

Dragon's Tail
12-16-2017, 01:57 PM
Just to throw this out there, I always get a twist in my eyebrow when I see that some poor Bitcoin exchange or market was hacked. The news makes it sound like robbing a bank, except Bitcoin doesn't leave a trail. It has no serial numbers, and it's difficult, if not impossible, to know where the money ended up. A long time ago "losing" Bitcoin meant misplacing the external drive where your wallet was, or washing your pen drive in the laundary machine.

Of course, back then they weren't thought of as money. Just a silly Internet tipping currency. When the news hit that the price had risen to $500, a couple of my friends were scrambling to find their old Bitcoin accounts where they had collected thousands of Bitcoin. Most of them cashed out then, hehe. Guess they should have held on a bit longer.

Edit: Sorry, I derailed myself. The reason I suspect all of these articles is because it would be incredibly easy for one of these companies to "rob" themselves and get away with it.

Awani
12-16-2017, 02:46 PM
Another perspective people always forget is that "normal" money is robbed in the trillions of dollars on a regular basis... by bankers mainly. They do it differently, but it is the same thing. Perhaps it has happened somewhere, but Bitcoin has not forced large amounts of people to loose their homes or funded wars.

:p

Dragon's Tail
12-16-2017, 04:26 PM
. . .or funded wars.

There are those who would disagree with you on this point ;)

Of course, it's partly a matter of semantics. Money doesn't "do" evil, it's just a tool.

Awani
12-21-2017, 10:34 AM
There are tons of other cryptocurrencies. Which do you guys like beyond Bitcoin, if any?

https://i2.wp.com/clothesonfilm.com/wp-content/uploads/2010/04/Wall-Street_Michael-Douglas_Gekko-shirt_cigerette.bmp-1.jpg

:p

Warmheart
12-23-2017, 09:35 PM
There are tons of other cryptocurrencies. Which do you guys like beyond Bitcoin, if any?
Personally I want Dogecoin to succeed, why? Because I have 56 of them :D
But I think that Bitcoin Cash seems to be the next big thing.

I also think that currently is a good time to invest in all altcoins.

Also there is new cryptocurrency going to be released next year, chances that it will succeed are quite high. Currently there are free "airdrops" of such coins (they are given away for free to people currently)

https://powtoken.com/index.php?ref=POW127626

You need to login via your Facebook account, there is no malware or viruses or anything of that sort :) Please, use my referal link if you are interested, it will give me more coins too :)

Kiorionis
12-23-2017, 09:45 PM
There are tons of other cryptocurrencies. Which do you guys like beyond Bitcoin, if any?

Here's my top 5:
Tron (https://tronlab.com/en.html) (TRX)
Ethereum (https://www.ethereum.org/) (ETH)
MIOTA (https://iota.org/) (IOTA)
Ripple (https://ripple.com/xrp/) (XRP)
Cardano (https://www.cardanohub.org/en/home/) (ADA)

IOTA and Ripple platforms seem to be the most promising. IOTA is an evolution of the Ethereum platform but instead of using the blockchain they're developing the 'Tangle', and Ripple is beginning to be used by the international banking system for transactions and going after the SWIFT (https://www.swift.com/) market.

Tron is interesting because of who the CEO is, Justin Sun (https://www.linkedin.com/in/sunyuchen). Apparently he has a habit of developing multi-million dollar companies.

Cardano is apparently the 'national crypto' for the Japanese, and I have a soft-spot for the Japanese haha.

Warmheart
12-23-2017, 10:07 PM
Here's my top 5:
Tron (https://tronlab.com/en.html) (TRX)
Ethereum (https://www.ethereum.org/) (ETH)
MIOTA (https://iota.org/) (IOTA)
Ripple (https://ripple.com/xrp/) (XRP)
Cardano (https://www.cardanohub.org/en/home/) (ADA)
I totally forgot to mention Ripple. I think it is because it has a lot of problems to setup it up properly + minimum deposit and all that stuff.

Are there any free give-aways or faucets of TRON?

Kiorionis
12-23-2017, 10:46 PM
I totally forgot to mention Ripple. I think it is because it has a lot of problems to setup it up properly + minimum deposit and all that stuff.

Curious. What site are you using for Ripple? I havenít had any problems

Warmheart
12-24-2017, 12:06 AM
Curious. What site are you using for Ripple? I havenít had any problems
I registered on gatehub.net, but seems it has a lot of issues with transactions. I also had to send them scans of my documents and what not and still waiting for approval.

I also have somewhat inactive (because of 20 Ripple deposit can't really use it) wallet in one Russian crypto stock market, which currently has also lots of issues with transactions.

What are you using?

Kiorionis
12-24-2017, 12:25 AM
Binance at the moment, for ripple, Cardano, iota and TRON. Apparently their official wallets are still in the works. I plan on moving my funds to those once they’re out. IOTA’s wallet is in the beta phase. Tron’s Wallet is in Japanese and I can’t figure it out haha. Ripple is also working on a wallet I think.

For ethereum, I’m using My Ethereum Wallet and Coinbase. Coinbase to buy and sell, MEW to hold them. Also, MEW will hold all the ERC20 tokens.

So far I like Coinbase the best. Very user friendly and very fast (except for bank account deposits), but you can only buy/sell bitcoin, Litecoin, ethereum and bitcoin cash

Warmheart
12-24-2017, 01:11 AM
Binance at the moment, for ripple, Cardano, iota and TRON. Apparently their official wallets are still in the works. I plan on moving my funds to those once theyíre out. IOTAís wallet is in the beta phase. Tronís Wallet is in Japanese and I canít figure it out haha. Ripple is also working on a wallet I think.
Ripple already had official wallet but ater they moved to gatehub.net - that's if we speak about online official wallets.

I will look at Coinbase. I started exploring cryptocurrency's world myself just recently and I hope I am not too late to the party :)

Kiorionis
12-24-2017, 02:15 AM
Haha, well my advice is to not feel “late to the party”. It’s the number one reason why people make bad investments. Do the research, study the technology, join message boards and ask the dumb questions. It’ll make you more informed and from that you’ll make better decisions;)

In the end, this whole movement is simply an alternate form of currency. Most cryptos will fall away, so invest in the ones you feel are practical and sustainable.

elixirmixer
12-24-2017, 02:21 AM
I signed my wife up to the POW coin thing you recommended. I've started with 37,000 so if they ever become worth even 50 cents then it was well worth the simple two click Facebook signup.

You should have received an additional 37 because I used your link warmheart. Let me know if this happens or not so that we can see if its legit please. I won't post my link here, I'll slide it into my next blog so I'm not highjacking your invitation and credits.

Are there any other free giveaway cryptocurrency?

Warmheart
12-24-2017, 03:36 AM
You should have received an additional 37 because I used your link warmheart. Let me know if this happens or not so that we can see if its legit please. I won't post my link here, I'll slide it into my next blog so I'm not highjacking your invitation and credits.
There is some wait-time while PoW team checks eligibility of Facebook account (they do it to avoid Sybil attack - when same person tries to claim tokens by using 10 "different" accounts). So perhaps I didn't receive bonus for you yet (I received some bonuses, but I don't think it was from you).

Are there any other free giveaway cryptocurrency?
I am also interested in this - in good new coins.
There is a thread on other forum:
https://bitcointalk.org/index.php?topic=1438371.0
There people post news about all the free giveaways of new cryptocoins (they call them "airdrops"). It seems that there are a lot of scam coins though, so it always requires more research.

Awani
12-24-2017, 10:20 AM
I did too Warmheart. Merry Christmas... another 37k for you. :)

:p

Warmheart
12-26-2017, 04:07 AM
I did too Warmheart. Merry Christmas... another 37k for you. :)

:p
Thank you, Awani :)

I hope this thing will turn out successful.

elixirmixer
12-26-2017, 04:13 AM
What's the deal with the POW 'Lite'? How do you turn it into pow heavy?

elixirmixer
12-26-2017, 06:57 AM
I've gotten 140,000 POW credits thus far. Anyone who loves me can boost it here: https://powtoken.com/?ref=POW132791

Kibric
01-12-2018, 12:48 PM
1988
http://cdn3.theeventchronicle.com/wp-content/uploads/2017/07/Economist-88-fg.jpg

"THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.
2018
World currency ?
Bitcoin

Satoshi Nakamoto is the name used by the unknown person or people who designed bitcoin and created its original reference implementation.
https://en.wikipedia.org/wiki/Satoshi_Nakamoto

The law says they have to telegraph events and plans

JDP
01-12-2018, 02:45 PM
1988
http://cdn3.theeventchronicle.com/wp-content/uploads/2017/07/Economist-88-fg.jpg

2018
World currency ?
Bitcoin

https://en.wikipedia.org/wiki/Satoshi_Nakamoto

The law says they have to telegraph events and plans

https://musicpleer.bz/#!c48a204bd7222a7ea610fc355230c62d

Kiorionis
01-12-2018, 03:31 PM
Well if a world currency does come about, it won’t be bitcoin. Bitcoin is first generation, slow transaction-resolution times, and has scalability issues.

Andro
01-12-2018, 06:53 PM
https://musicpleer.bz/#!c48a204bd7222a7ea610fc355230c62d

Indeed :)

There was this thing in Mr. Robot, eCoin I think, developed by eCorp (Evil Corporation) to be a replacement of all currencies... If memory serves and I'm not mixing up different TV shows :)

I know people are "investing" in Bitcoin, but I had a weird intuition about it back when it started. I was quite interested in earlier days, theFool (http://forum.alchemyforums.com/member.php?50-theFool) here really helped me to understand a bit (!) how it works, but then I started to have this feeling that this can be the ideal way to assume worldwide control over ALL money supply. Maybe it sounds like I'm wearing a tin foil hat and screaming"conspiracy", but think about it... how it was branded as to have such mass appeal, while at the same time countries like India and China were buying gold by the ton... Hmm...

Gold, BTW, is not considered a currency but a commodity. At least after dropping the gold standard.

I have many clients, and a very small percentage of them are multi-multi-millionaires. Not just "well to do", but the "real deal", so to speak. None of them have any interest in crypto, but ALL of them have gold bars and gold coins in private safes, and access to food and off-the-grid energy "for a rainy day". They're not "tin-foil wearing doomsday preppers", not at all, it's just what they chose to have as a backup plan. Just saying...

Regardless, I hope those people here who bought some bitcoin or any other crypto-currency will be able to sell at the right time and make a good profit. There's some "crazy" talk on the web connecting block-chain with AI and centralized control, but I don't want to get into that.

Awani
01-12-2018, 07:07 PM
...I started to have this feeling that this can be the ideal way to assume worldwide control over ALL money supply...

There is already worldwide control over all money supply, and that is where cryptos comes in. ;)

Personally I am hoping Bitcoin will go down a lot, so I can buy more. Rumours on Crypto-Wall Street is saying that after this current drop it will never drop again (unless it totally implodes). Whatever happens, hold on to your hats.

:p

Warmheart
01-12-2018, 08:12 PM
Maybe it sounds like I'm wearing a tin foil hat and screaming"conspiracy", but think about it... how it was branded as to have such mass appeal, while at the same time countries like India and China were buying gold by the ton... Hmm...

Gold, BTW, is not considered a currency but a commodity. At least after dropping the gold standard.
If to look at some ancient Eastern texts, they were treating gold as if it was very easily available. Some later texts were saying that sages knew at least 20 ways to produce gold.

I think that when science will stop being a playtool of some oligarchs, a lot of people, who invested in gold, will have a very nasty surprise.

Also don't forget, that when big guys say "we don't believe such thing (stock, futures, etc.) will grow", such thing WILL grow, and they secretly buy it while suppressing the price by verbal intervention. When big guys say "we believe such and such thing will grow, you are fool not to buy it", it means now big guys will be selling it and they want to avoid causing massive price crash.

Big guys are saying that crypto is a fluff, but they buy whole electrostations to semi-secretly mine cryptocurrency, and one of big organizations bought all videocards in my land in 1st half of 2017, so common people were stuck being unable to buy/upgrade/replace GPUs for their home PCs.

Kibric
01-13-2018, 12:30 AM
Thanks for replying to me JDP
its nice to know my posts arent ignored by everyone :D

Schmuldvich
01-16-2018, 11:17 PM
1988
http://cdn3.theeventchronicle.com/wp-content/uploads/2017/07/Economist-88-fg.jpg

2018
World currency ?
Bitcoin

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

The law says they have to telegraph events and plans

Intriguing, right!

Thirty years ago and it even has "2018" written on the bird. Makes ya think!

I appreciate you posting this.



In homage of your image, I think it appropriate time to remind others of the 2015 and 2016 covers as well...


https://i.imgur.com/yCWqJEU.jpg


https://i.imgur.com/6GG7HUx.jpg

Kibric
01-18-2018, 10:13 AM
Intriguing, right!
Thirty years ago and it even has "2018" written on the bird. Makes ya think!
I appreciate you posting this.

Thanks :)
2015 cover pied piper ??
2016 cover goatman business man ?

They telegraphed 9/11 for over 40 years
I'll look for more examples of a digital world currency being telegraphed in past decades

Awani
03-06-2018, 02:12 PM
Another I found: http://steemit.com

Different concept, make money sharing or writing articles etc.

I registered. What I like was the concept that if you loose your password that is it. No password retrieval. :)

:p

Kiorionis
03-07-2018, 12:18 AM
Another I found: http://steemit.com

Different concept, make money sharing or writing articles etc.

I registered. What I like was the concept that if you loose your password that is it. No password retrieval. :)

:p

Haha maybe we implement this on the forums?