Submitted by udo on Wed, 11/15/2017 - 15:49
The Bitcoin graph looks Interesting ! ?
Anyone here still into crypto?
Interesting question Tops (not to be confused with bottoms). And, like a lot of swillnutty ‘incidents’ there’s a... a... well... erm... a bit of a ‘backstory’. Tops.
Think of it this way. Parents hear of a dude offering swimming lessons. They check his qualifications... part time electrician... or maybe he’s almost over qualified. Maybe he cares for his oldies, and even a sick rellie as well. An all rounder so to speak. They think, ‘shit, sounds deluxe’, so off they go.
‘Gidday, I’m ya instructor today, just letting ya know, I’m a intermediate expert too.’
He enters the pool, flounders around like an idiot and drowns before the horrified kids eyes.
The owner of the centre then presents himself, and announces,
‘great story ta tell the kids aaayyyeee!!!!’
Yep, it’s just another run of the mill swillnut ‘backstory’ that one Tops.
The ‘official’ position you ask?
‘Best not discussed... aaaaayyyyeeee mmmmaaaayyyytttee...’ Again.
In a nutshell.
I’ve still got mine. Most impressive gamble outside of sports multis I’ve ever had. Much better than anything I’ve had on the asx. 4.5 times my buy in, in a month. Proof it worked I reckon.
The trouble was of course greed, that rapid gain syndrome is real, & didn’t take out a win. I won’t take out a loss, I’ll leave it there to either drop to zero, get stolen, or maybe it’ll bubble up again some day, which it could. Good fun, but I don’t follow it at all
@shoredump good luck mate, I hope it pumps for you. I think we are on the verge of a bull market
@Michael Bourne aaaaayyyyyeeeeemmmaayyyttteee
Ah, the Bitcoin thread! Long time, no see. Hope you're well.
Came across an interesting quote in this article, that's worth looking into.
"...then there’s the environmental problem. The environmental problem? Aren’t we talking about digital coins? Yes, which makes it even stranger. Solving all those complex puzzles requires a huge amount of energy. So much energy that the two biggest blockchains in the world – bitcoin and Ethereum – are now using up the same amount of electricity as the whole of Austria. Carrying out a payment with Visa requires about 0.002 kilowatt-hours; the same payment with bitcoin uses up 906 kilowatt-hours, more than half a million times as much, and enough to power a two-person household for about three months."
Best get your head around it Ben. Digital currency isn’t going away by any means.
If that’s the case Ben, then Bitcoin is doomed. I think the one I bought, Ripple, is a whole different kettle of fish. Could be wrong though, never spent more than 5 minutes thinking about it.
Topsy, what are your reasons
I have no doubt that cryptocurrency is here to stay.
I'm just interested in all of the previously unknowns (whilst everyone was scrambling to make a quick profit) that are now becoming known.
Just a quick comment here to begin with until I get some time later to fully digest that article. Yes, Bitcoin and Ethereum currently use a lot of energy, but that is going to change. Ethereum is getting very close to changing from proof of work (the energy hungry consensus mechanism) to proof of stake where an amount of ETH is “staked”, or locked up in exchange for the right to participate in mining (creation of the blockchain ledger) and receive a share of the mining rewards. Bad actors lose their staked ETH. The trick is to keep it all decentralised at the same time.
Second layer solutions are also being developed where a more efficient consensus application runs the bulk of the transactions and then deposits a group of them on the Bitcoin or Ethereum blockchain in a single transaction.
There is an incredible amount of activity and innovation happening in the blockchain space atm. Also, as usual, there are a lot of fake scam projects. The writer of the above article (the correspondent one) cherry picks obscure examples to suit his article. I found myself shaking my head and skimmed the bulk of it because it was not worth my time to read it.
I have plenty of time for you guys though and would be happy to answer any questions here.
Hope you are all getting your share of the waves.
I'm still in it, albeit no long term holds other than stable coins. Trading the volatility of BTC pretty much these days.
Glad to hear that you are still in Don. BTC volatility is a wonderful thing. Plenty to be made there
The power requirements of BTC transactions have always been well known Ben. Nothing new there. Watched an interesting video yesterday about a central bank digital currency. Quite thought provoking. Stick with it. A little slow at the start. Gets interesting about midway through.
Yeah topsy had a good run the last few weeks. Lets hope it continues.
Paypal now accepting cryptocurrency payments.
Oct 2nd $14700 today $19700 AUD.
All are watching the US election now to see where most global markets go.
Still rising - $24940
BTC marketcap hits ATH
Ripple up 30% in 24hrs