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 Post subject: Re: Bitcoin
PostPosted: Wed Sep 20, 2017 9:08 am 
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Property Magnate

Joined: Jan 4, 2012
Posts: 565
Bloomberg wrote:
Bitcoin Is Likely to Split Again in November, Say Major Players
Bitcoin is looking increasingly likely to splinter off again in November, creating a third version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace.

Major industry players, including the bitcoin investor Roger Ver known as “Bitcoin Jesus” for proselytizing on behalf of the digital currency, say consensus between opposing camps looked increasingly unlikely. That opinion was echoed by some of the biggest mining pool operators and also programmers -- known as “Core” developers -- who were instrumental to developing the infrastructure of the original bitcoin network.
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 Post subject: Re: Bitcoin
PostPosted: Wed Sep 20, 2017 11:20 am 
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Joined: Jan 1, 1970
Posts: 22510
johnp002 wrote:
Bloomberg wrote:
Bitcoin Is Likely to Split Again in November, Say Major Players
Bitcoin is looking increasingly likely to splinter off again in November, creating a third version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace.

Major industry players, including the bitcoin investor Roger Ver known as “Bitcoin Jesus” for proselytizing on behalf of the digital currency, say consensus between opposing camps looked increasingly unlikely. That opinion was echoed by some of the biggest mining pool operators and also programmers -- known as “Core” developers -- who were instrumental to developing the infrastructure of the original bitcoin network.
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I'm surprised they didn't call the "Core", Apostales. :?

What will they call this second Bitcoin derivative and also is this a form of technical devaluation?

I'm thinking Roman coinage now... will this fork be a Sulla or a Caesar... when we get to the Pilate fork wake me up! :shock:

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 Post subject: Re: Bitcoin
PostPosted: Tue Sep 26, 2017 5:20 pm 
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Holiday Home Owner

Joined: Aug 30, 2015
Posts: 318
WellGoo wrote:
What profit can I get with bitcoins? I would like to hear good advice on how to do it. My mate advised me to read this article https://bitcoinbestbuy.com/. It is written very well and has a lot of details, so I learned a lot of new things, but I want to know the amount of money.


Your investment can go down as well as up. It's essentially a crap shoot. Don't invest money in stuff like this if you cannot afford to lose 100% of it in a worse case scenario/don't dream of buying options in something like this. By the way when your "mates" start to advise investment in something its usually the time to be getting out.


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 Post subject: Re: Bitcoin
PostPosted: Tue Oct 03, 2017 1:00 pm 
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Real Estate Developer

Joined: Jun 10, 2010
Posts: 855
Bought a small amount of Bitcoin 3 years ago. Considering the current price I decided to sell them. Logged into localBitcoins where they've been stored and they're gone... someone hacked the account last month.
I notice they've upped their security since the last time I visited.

Easy come easy go

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 Post subject: Re: Bitcoin
PostPosted: Tue Oct 03, 2017 1:31 pm 
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Joined: May 13, 2008
Posts: 11442
Location: Somewhere up in the hills
conork wrote:
Bought a small amount of Bitcoin 3 years ago. Considering the current price I decided to sell them. Logged into localBitcoins where they've been stored and they're gone... someone hacked the account last month.
I notice they've upped their security since the last time I visited.

Easy come easy go
And that's the problem right there. Sorry that it happened to you all the same.


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 Post subject: Re: Bitcoin
PostPosted: Tue Oct 03, 2017 3:41 pm 
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Old Time Landlord
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Joined: Nov 22, 2008
Posts: 373
Location: North America
Coles2 wrote:
conork wrote:
Bought a small amount of Bitcoin 3 years ago. Considering the current price I decided to sell them. Logged into localBitcoins where they've been stored and they're gone... someone hacked the account last month.
I notice they've upped their security since the last time I visited.

Easy come easy go
And that's the problem right there. .


"And that's the problem right there"

Coles, can you explain what you mean by this? Storing your Bitcoin private keys on Local Bitcoins would be equivalent to hiding some of your savings under a rock at the end of your street and expecting it to be still there a few years later....


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 Post subject: Re: Bitcoin
PostPosted: Wed Oct 04, 2017 7:08 am 
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Joined: May 13, 2008
Posts: 11442
Location: Somewhere up in the hills
el diablo wrote:
Coles2 wrote:
conork wrote:
Bought a small amount of Bitcoin 3 years ago. Considering the current price I decided to sell them. Logged into localBitcoins where they've been stored and they're gone... someone hacked the account last month.
I notice they've upped their security since the last time I visited.

Easy come easy go
And that's the problem right there. .


"And that's the problem right there"

Coles, can you explain what you mean by this? Storing your Bitcoin private keys on Local Bitcoins would be equivalent to hiding some of your savings under a rock at the end of your street and expecting it to be still there a few years later....
Is stealing Bitcoins even a crime?


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 Post subject: Re: Bitcoin
PostPosted: Wed Oct 04, 2017 10:26 am 
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Joined: Aug 30, 2015
Posts: 318
Aren't the origins of Bitcoin still shrouded in mystery?

If a person was prone to conspiracy theories a person might start to think that perhaps Bitcoin is a very clever long term plan of a country like Russia to debstabilise the banking systems of the West... chaos creates opportunity etc.


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 Post subject: Re: Bitcoin
PostPosted: Wed Oct 04, 2017 10:46 am 
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Property Magnate

Joined: Jan 4, 2012
Posts: 565
onioneater wrote:
Aren't the origins of Bitcoin still shrouded in mystery?

If a person was prone to conspiracy theories a person might start to think that perhaps Bitcoin is a very clever long term plan of a country like Russia to debstabilise the banking systems of the West... chaos creates opportunity etc.


It is definitely mysterious where it came from but I think its adoption is an effect rather than a cause of the lack of stability in the world's financial and banking systems. If people trusted the banking system then bitcoin wouldn't be nearly as desirable. In a world where capital controls (Greece), deposit haircuts (Cyprus) and hyperinflation (Venezuela) are a fact of life then some mechanism to mitigate the risks of state regulated banking with fiat currency was bound to emerge sooner or later.


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 Post subject: Re: Bitcoin
PostPosted: Wed Oct 04, 2017 12:59 pm 
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Holiday Home Owner

Joined: Aug 30, 2015
Posts: 318
johnp002 wrote:
onioneater wrote:
Aren't the origins of Bitcoin still shrouded in mystery?

If a person was prone to conspiracy theories a person might start to think that perhaps Bitcoin is a very clever long term plan of a country like Russia to debstabilise the banking systems of the West... chaos creates opportunity etc.


It is definitely mysterious where it came from but I think its adoption is an effect rather than a cause of the lack of stability in the world's financial and banking systems. If people trusted the banking system then bitcoin wouldn't be nearly as desirable. In a world where capital controls (Greece), deposit haircuts (Cyprus) and hyperinflation (Venezuela) are a fact of life then some mechanism to mitigate the risks of state regulated banking with fiat currency was bound to emerge sooner or later.


Crikey, I can't believe many people would trust Bitcoin more than the established western banking system (I wouldn't include Venezuela in that). To many people it would appear that the Bitcoin user base look to be be mainly people with something to hide, speculators and others treating it as a novelty but not for serious use. And behind it all its secret origins... perhaps one day we will find out if the power behind was Putin or some other mastermind trying to undermine the West. Blockchain technology itself may have other more long-term usefulness.


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 Post subject: Re: Bitcoin
PostPosted: Wed Oct 04, 2017 9:08 pm 
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First Time Buyer

Joined: Oct 29, 2014
Posts: 92
I note there are now property related ICOs punting blockchain based solutions to real estate issues.
EG
REXMLS :
https://blog.rexmls.com/breaking-down-r ... aa6afd6c70
Propy:
https://www.forbesmiddleeast.com/en/sil ... ddle-east/

Lots of buzz and spin as always.


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 Post subject: Re: Bitcoin
PostPosted: Thu Oct 05, 2017 2:01 am 
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Too Big to Fail

Joined: May 18, 2009
Posts: 4078
Quote:
Equifax Hackers Demand Ransom in Bitcoin

But note that the hackers did not demand dollars. They did not demand euros. They did not demand gold, silver, or diamonds. They demanded a digital currency that didn’t even exist 10 years ago. They demanded what is now correctly described as the most valuable currency in the world.


https://fee.org/articles/equifax-hacker ... n-bitcoin/

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 Post subject: Re: Bitcoin
PostPosted: Thu Oct 05, 2017 6:21 am 
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Joined: May 13, 2008
Posts: 11442
Location: Somewhere up in the hills
Mossy_Heneberry wrote:
Quote:
Equifax Hackers Demand Ransom in Bitcoin

But note that the hackers did not demand dollars. They did not demand euros. They did not demand gold, silver, or diamonds. They demanded a digital currency that didn’t even exist 10 years ago. They demanded what is now correctly described as the most valuable currency in the world.


https://fee.org/articles/equifax-hacker ... n-bitcoin/
When the writer describes a currency as "the most valuable in the world" it suggests that he doesn't understand what a currency is.


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 Post subject: Re: Bitcoin
PostPosted: Sat Oct 07, 2017 6:20 pm 
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Too Big to Fail

Joined: May 18, 2009
Posts: 4078
The future or super duper optimistic?

Quote:

What Are All These Blockchains And Crypto Assets Building?


The original blockchain application, cryptocurrency (such as Bitcoin), remains the most exciting and consequential. Cryptocurrencies will outcompete and displace government currencies. Centrally planned national monies will fade away, perhaps slowly like castles or all at once like slavery.

Cryptocurrency moves anywhere, instantly, at near-zero cost, and natively digital money will become fundamental to a digital, borderless internet-based society.

Governments will lose the ability to conjure money out of thin air. Budgets will derive purely from taxation and borrowing. Inflation will disappear. Prices will no longer rise each year. Bread will be no more expensive to a son than a father. Humans will again build upon an honest, market-based financial system, having escaped fiat currency debasement, the most egregious financial scam of all time.


https://www.forbes.com/sites/laurashin/ ... fc1c951a02

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 Post subject: Re: Bitcoin
PostPosted: Sat Oct 07, 2017 7:19 pm 
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Speculator

Joined: May 30, 2008
Posts: 482
Mossy_Heneberry wrote:


If those people genuinely believe the words they've written they are mentally ill.


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