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Do You BitCoin?


Foxx

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50 minutes ago, Jauronimo said:

BCH has arrived to much fanfare.  Massive price volatility, rampant allegations of insider trading, trading freezes, cats and dogs living together, and mass hysteria.  One thing is certain; if/when XRP makes it Coinbase, I'm going to be near a computer. 

 

BTC true believers are crapping themselves.  What is with the BTC crowd anyway?  Generally speaking, the BTC crowd discusses the rest of the cryptosphere the way my parents discuss BTC.  Nothing but pure derision and cries of scams.  Maybe its just the loud minority of maximalists on twitter?

Bitcoin Core is scared to death Bitcoin Cash is going to replace it.  with the slow transaction times and enormous transaction fees compared to Cash's fast transaction times and low costs, they should be very afraid.

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1 hour ago, Foxx said:

Bitcoin Core is scared to death Bitcoin Cash is going to replace it.  with the slow transaction times and enormous transaction fees compared to Cash's fast transaction times and low costs, they should be very afraid.

I guess they aren't so confident that Lightning Network will be the cure all. 

 

Seems like first platform to solve the scaling issue will be in a great position.  I hope ETH and Sharting is the winner of the scaling war because I refuse to call it Sharding. 

Edited by Jauronimo
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Is there only so much Bitcoin to be mined? Finite resource.  Do we just run out?

 

How is that like say gold?  Of course we don't know how much gold is on earth.  We know it is rare, but we keep on squeezing it out of harder, and harder to reach places?  Use modern ways to separate it from its ore.

 

I was reading somewhere that more gold has been mined in the last 50 years than all the gold mined during human existence.  But still if you totalled up all the gold mined in human existence, it would fill almost two Olympic swimming pools.  I never verified, but that doesn't sound like a lot.

 

Is Bitcoin like that?  I think mead can squeeze a Meadcoin out his arse at will.  Ain't that special when given to only the special people.

Edited by ExiledInIllinois
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20 minutes ago, ExiledInIllinois said:

Is there only so much Bitcoin to be mined? Finite resource.  Do we just run out?

 

How is that like say gold?  Of course we don't know how much gold is on earth.  We know it is rare, but we keep on squeezing it out of harder, and harder to reach places?  Use modern ways to separate it from its ore.

 

I was reading somewhere that more gold has been mined in the last 50 years than all the gold mined during human existence.  But still if you totalled up all the gold mined in human existence, it would fill almost two Olympic swimming pools.  I never verified, but that doesn't sound like a lot.

 

Is Bitcoin like that?  I think mead can squeeze a Meadcoin out his arse at will.  Ain't that special when given to only the special people.

that is the thing about Bitcoin, there is only a finite amount (21 million) so it is deflationary. you can't have an entity like the FED come along and decide they want to print more FRNs whcih thereby makes the FRNs already in existence worth less (inflationary). it is also divisable to 8 decimals, which are known as 'Satoshi'.

 

 

EtherDelta is currently experiencing a hack. hackers have stolen roughly $375k at this posting. you can view the ongoing heist at this scanner.

Edited by Foxx
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3 minutes ago, mead107 said:

MeadCoin stayed the same.  

Can a simple lock operator invest in MeadCoin?  Can I purchase milk, formula, Pampers, and from now on condoms too with MeadCoin?  Is it like Visa: "Everywhere."

 

(Yes... BTW, lock ops do get their freak on... How much more phallic can it get than shoving something through a narrow canal...)

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1 minute ago, mead107 said:

Yup, buy a hundred thousand worth. Then all you have to do is go on line to meadazon and order what you need and we will have a drone drop it of.  

 

I am looking for a low tax state to put my headquarters.  

Illnois is out of the question.  But you can use the cheap waterways if you set up in Indiana.

 

I will give your drone boats priority... But only after the hot chicks on speed boats! <_<

 

Wait... That would be breaking some fed law.  Look on the bright side, kids will be in college before the Pampers arrive, can use them as Depends.

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12 minutes ago, ExiledInIllinois said:

Illnois is out of the question.  But you can use the cheap waterways if you set up in Indiana.

 

I will give your drone boats priority... But only after the hot chicks on speed boats! <_<

 

Wait... That would be breaking some fed law.  Look on the bright side, kids will be in college before the Pampers arrive, can use them as Depends.

Meadazon has to be faster than that big Amason out fit.  

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17 hours ago, Foxx said:

Bitcoin Core is scared to death Bitcoin Cash is going to replace it.  with the slow transaction times and enormous transaction fees compared to Cash's fast transaction times and low costs, they should be very afraid.

 

so you are now recommending against BTC? interesting. you were the biggest advocate on here.

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Very funny reading this thread. 

Some genuine operators and a few naysayers and of course the jokesters. 

Most everyone missed the big run up and the big retrace. 

But everyone loves to poop on big successes. 

 

Its like mocking Google stock because you use Alta Vista. 

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23 hours ago, Bakin said:

Very funny reading this thread. 

Some genuine operators and a few naysayers and of course the jokesters. 

Most everyone missed the big run up and the big retrace. 

But everyone loves to poop on big successes. 

 

Its like mocking Google stock because you use Alta Vista. 

I will sell you a meadcoin for $1 

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2 hours ago, mead107 said:

I will sell you a meadcoin for $1 

But it’s not worth even a buffalo nickel. 

A bitcoin, on the other hand, at this moment, is worth $15,000

8 hours ago, wnysteel said:

Foxx has gone pretty quiet....

I have 2 friends who were both very heavy into Bitcoin. 

One of them had over 500 of em...early...

His average buy was about $80 and sold them all around $1200.

he has gone quiet. 

 

Another had nearly 1000 of them bought early too. He told me he would not sell any until it reached $100,000 per coin.

He too has gone quiet.  

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7 hours ago, Bakin said:

But it’s not worth even a buffalo nickel. 

A bitcoin, on the other hand, at this moment, is worth $15,000

I have 2 friends who were both very heavy into Bitcoin. 

One of them had over 500 of em...early...

His average buy was about $80 and sold them all around $1200.

he has gone quiet. 

 

Another had nearly 1000 of them bought early too. He told me he would not sell any until it reached $100,000 per coin.

He too has gone quiet.  

Bitcoin was worth nothing when it came out. Better invest now it could be worth millions some day.  

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  • 2 weeks later...

Kodak now jumps into block chain technology and their stock has exploded as a result.  Apparently, they plan to use the technology to protect copyrights and royalties associated with images, photographs and art.

 

Will RaChaCha become a new center of blockchain technology or will this idea fizzle? 

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3 hours ago, BuffaloBill said:

Kodak now jumps into block chain technology and their stock has exploded as a result.  Apparently, they plan to use the technology to protect copyrights and royalties associated with images, photographs and art.

 

Will RaChaCha become a new center of blockchain technology or will this idea fizzle? 

 

what stock hasn't exploded since mid-November 2016?

 

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8 hours ago, BuffaloBill said:

Kodak now jumps into block chain technology and their stock has exploded as a result.  Apparently, they plan to use the technology to protect copyrights and royalties associated with images, photographs and art.

 

Will RaChaCha become a new center of blockchain technology or will this idea fizzle? 

Kodak has a few other competitors doing the same thing.  Not sure how a traditional operating company stands to benefit much from a consumer facing blockchain and issuing their own coin.  There will be the founder/owner share of the float that MIGHT see some price appreciation.  Doesn't do much for cash flow.  Seems like really late attempt to go with the flow of tech for once, rather than try to swim upstream.

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On 1/10/2018 at 10:23 AM, row_33 said:

 

what stock hasn't exploded since mid-November 2016?

 

c'mon row. i know your anti Bitcoin all, but i'm also quite sure that the reason why Kodak's stock rose wasn't completely lost on you.

18 hours ago, billsfanmiami(oh) said:

Been buying up a little crypto for a few weeks now. Made my first transaction last night into cryptonomos to buy some tokens for an ICO. Baby steps 

congratulations.

 

:)

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in no way can any of my musings be considered financial advice. i am just some keyboard jockey that you don't know from adam. anything i may or may not say is strictly gibberish. please, no more private messages asking for advice as i will no longer answer them. not that i ever did give any advice to begin with.

 

with that being said, i was asked what i saw for the coming year for Bitcoin. as i explained in my last progostication post, i expect BTC to continue to dither in this $13/$14k range until sometime around the middle of February. shaking out the weak hands and consolidating. at some point in February there will be a lift off from which BTC will not look back. there will be approximately two more consolidation phases this coming year with wild price swings in these areas. 

 

easily, we see 6 figures by the end of the year.

 

again... these are just the ravings of a madman..... 

Edited by Foxx
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