BITCOIN as an alternative to regular currency

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napshnap
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(edited)
Last edited by napshnap on Sat Jan 27, 2018 10:20 am, edited 1 time in total.
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napshnap
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Euler wrote:
Thu Jan 25, 2018 12:53 pm
Blockchain & Crypto-Killing Venture Capital

https://www.youtube.com/watch?v=Mir0mikQzt0
)))) Youtube subtitles are killing me))) Is it an error, I don't think so :twisted: )))
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mobius
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CHECK YOUR PIGGYBANKS. Or under the bed, whereever...............

Coincheck: World's biggest ever digital currency 'theft'

34 minutes ago

http://www.bbc.co.uk/news/world-asia-42845505

One of Japan's largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual money in a hacking attack on its network.

And it wasn't me!
RicHep365
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An ICO called https://www.prodeum.io/ has just disappeared and left the message ‘Penis’ on the site.
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ShaunWhite
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mobius wrote:
Sat Jan 27, 2018 3:44 pm
CHECK YOUR PIGGYBANKS. Or under the bed, whereever...............

Coincheck: World's biggest ever digital currency 'theft'

34 minutes ago

http://www.bbc.co.uk/news/world-asia-42845505

One of Japan's largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual money in a hacking attack on its network.

And it wasn't me!
£380m worth today, £350m by tomorrow, £4.50 by the summer.

Seriously tho can't these 'coins' just be excluded from circulation somehow? I thought they were supposed to be traceable unlike proper money. Isn't that the whole point?

In a world like the one described on the 'Water' thread, whoever thought blockchain was a good idea needs their head testing. It's barely got going and already using over 30Twh of energy.
https://www.theguardian.com/technology/ ... ty-ireland
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Euler
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Location: Bet Angel HQ

Bitcoin - the Revenue comes calling

http://www.bbc.co.uk/news/technology-42872610
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northbound
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ShaunWhite wrote:
Mon Jan 29, 2018 12:44 pm
In a world like the one described on the 'Water' thread, whoever thought blockchain was a good idea needs their head testing. It's barely got going and already using over 30Twh of energy.
https://www.theguardian.com/technology/ ... ty-ireland
The energy consumption problem only applies to certain blockchains, like bitcoin, based on software that uses a Proof Of Work algorithm: it requires tons of constant computer processing power, hence tons of electricity, to prove that the computer running the software adds something valuable to the network. Real life comparison: a bricklayer needs to works his socks off all day to get rewarded with a paycheck.

Newer blockchains are based on software that use a Proof Of Stake algorithm, which consumes low/normal amounts of energy. Basically the only thing the computer needs to prove to the network is that its owner believes in the project. It does so by keeping x tokens in a designated wallet. Real life comparison: an investor needs to hold x shares of a company to get rewarded with dividends.
RicHep365
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Euler wrote:
Wed Jan 31, 2018 8:34 am
Bitcoin - the Revenue comes calling

http://www.bbc.co.uk/news/technology-42872610
That reminds me, Self Assessment deadline day! Thanks Peter.
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Euler
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Location: Bet Angel HQ

Just filed mine also, a well-timed article!
mobius
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Dunno where to put this one -Chart of the day?; Gambling Guv health warnings?; FOBT?, Bitcoin?
or tax return deadline? If you have shares in Capita, you're gonna have to redo your tax returns.

Gosh! I do so like my GeeGees. Does the stock market have a rule 4?

And as per usual, it wasn't me! Some other bloke did it.
-----------------------------------------------------------------------------------------------------------------------------------
https://www.theguardian.com/business/li ... iness-live

Capita shares hit 15-year low after shock profits warning - business live

shock profits warning - business live
Major UK outsourcing group stuns City with profits warning, as new CEO admits the company is too complex and freezes its shareholder dividend

10.30am: Shares down 42% at 15-year low


GOOOOD MOOOORNNING VIETNAM!
RicHep365
Posts: 105
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mobius wrote:
Wed Jan 31, 2018 11:13 am
Dunno where to put this one -Chart of the day?; Gambling Guv health warnings?; FOBT?, Bitcoin?
or tax return deadline? If you have shares in Capita, you're gonna have to redo your tax returns.

Gosh! I do so like my GeeGees. Does the stock market have a rule 4?

And as per usual, it wasn't me! Some other bloke did it.
-----------------------------------------------------------------------------------------------------------------------------------
https://www.theguardian.com/business/li ... iness-live

Capita shares hit 15-year low after shock profits warning - business live

shock profits warning - business live
Major UK outsourcing group stuns City with profits warning, as new CEO admits the company is too complex and freezes its shareholder dividend

10.30am: Shares down 42% at 15-year low


GOOOOD MOOOORNNING VIETNAM!
Nasty, I interviewed there not long ago, glad I didn't take it further
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Euler
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A lot of people went short Capita when Carillion got into trouble, similar business model.
Zenyatta
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10K psychological barrier breached as Bitcoin falls. Panic selling now as Bitcoin in a terrifying plunge...every-one wants out but no one to sell to :lol:

https://www.coindesk.com/price/
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Dallas
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Zenyatta wrote:
Thu Feb 01, 2018 10:58 am
10K psychological barrier breached as Bitcoin falls. Panic selling now as Bitcoin in a terrifying plunge...every-one wants out but no one to sell to :lol:

https://www.coindesk.com/price/
Your call back in Dec was spot on ;)
cyxstudio
Posts: 297
Joined: Sun Mar 23, 2014 11:18 pm

i think the reason why bitcoin falls is because the expectation of a hike in US interest rates.

i went on twitter and other forums to tell people this but no one is interested... what do you all think?
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