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Its an extremely elaborate hoax, ala ethereum and some would say bitcoin.
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PS: You are experiencing what I call "modern day slavery"
Yep, tell me about it... At least I don't have kids and a 30-year mortgage, yet... I can't even afford to be fucked over by owning a car. Thank you, I will look into this. |
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People hardly care about NXT, you can forget entirely about Qora.
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So it took me up until last week to unlock my stake and I have to say, I am appreciative of how much bigger it is than I thought it would be. But still this is going to be a hobby and I'm going to use my "extra" NEM to try and increase circulation...
Anybody accepting NEM for merchandise yet?
I also should give credit where its due: the graphical interface is lovely and less confusing than NXT.
I'm really looking forward to the next release where assets are functioning, and offer my support to the community and developers. Please keep this thing going, try to continue with community outreach, and I will keep wearing my NEM t-shirt to work on Fridays.
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did you think about it as a bad investment opportunity when it cost like 10 dollars a few years ago? who can be sure that the price wont raise that much as it did again or it can reach even bigger heights
I remember hearing about it thanks to NPR when they followed bitcoin in 2012 and did their own little experiments with it. I think the price was even cheaper than $10. But I certainly didn't understand it well enough to appreciate its investment potential. So, just like the vast majority of holders (though I'm not ashamed to admit it), the first coin I bought was $600+, and its been nothing but a steady decline since. If you think otherwise its because you don't know how to read charts or identify trends. To get technical, the floor seems to be about $210-$215. But if it drops below that, watch out, $10 BTC here we come. Going the other way, if it breaks above $270 or so, I think it could very well be the next "step" and could reach $2000+ a coin. |
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Sold all of it because the price is stagnant or still dropping.
When I do get it, I immediately convert it into fiat since it has proven itself to be nothing but a bad investment since I climbed on board 13 months ago.
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Guys, give him a chance to do what he's working on.
You'd be more likely to recover your money by reviving HawaiiCoin. NAUT is dead. I tried to warn this thread several times that it was a loser. |
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I can't tell if BK is a genuine idiot or if he actually has a plan.
Neither. How do these people get reputable high paying jobs on Wall Street and on TV?
Mainly by having rich parents but also through the willingness to do what most other people won't: lie, cheat, steal and/or suck miles of dick... And I think you are mis-using the word "reputable." |
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He has scammed several times over several accounts.
Don't you realize the only thing you contribute to this forum is the enabling of scammers? So, you're calling out one of your own. Good for you. WTF else do you think people do with _bought_ accounts? |
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The "laws of the universe" are under constant revision.
While it is highly unlikely this particular project will have much success, it is highly likely that quantum computers will be able to break SHA-256 in the future. Don't ask me when. We'll probably have another global economic meltdown before then, so I'm not holding my breath.
Then it's a good thing that the private/public key algorithm used for Bitcoin has nothing whatsoever to do with SHA-256. That could be because SHA-256 is not an encryption method, nor a digital signature method. Bitcoin uses elliptic curve cryptography for the digital signatures. It may be possible that this could eventually be weakened or even broken, but it is also possible (some would say likely) that it is not possible. You may want to update the Wikipedia entry on bitcoin and SHA-256 then. |
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The "laws of the universe" are under constant revision.
While it is highly unlikely this particular project will have much success, it is highly likely that quantum computers will be able to break SHA-256 in the future. Don't ask me when. We'll probably have another global economic meltdown before then, so I'm not holding my breath.
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I'm under the slight impression that this is just another thread where someone is doing his/her best in convincing no one but themselves that getting invested in Bitcoin is a bad idea. Well, no one is forcing you to invest into it  Others like to, actually That, or they're making themselves feel better after losing it all...  Ha, yeah! It basically boils down to the same thing, actually. It's a sort of confirmation bias, where people reason in a way to support their own opinion. In this situation he/she either lost their holdings somehow, maybe unable to get back in, or maybe sold them out of fear and is now convincing themselves that it is better to stay out. Or, well, they think Bitcoin is interesting, but they're too afraid to actually invest some money. Here's a great reason to stay out: an ever-falling price. |
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nutildah, you're sorta trolling a long dead thread.
Micon just wrote in it yesterday. Ergo, fail. |
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Bitcoin's not done, but the price will continue to decrease, mainly because heisted BTC almost always get sold for below-market price, but also because there is no real reason for 99% of the population to use it.
The fastest, cheapest, and most secure way to send money is not a good enough reason?
I'm celebrating my 1 year anniversary on this forum and I would say adoption has leveled off.
Hard to say, maybe.
Bitcoin isn't going to be used by the poor masses to wirelessly transfer money to their home countries without having to pay customary surcharges and fees.
Why is that? Are you aware that in Africa this is the way it's done now? I'm not even sure what fees you mean. Who can charge me a fee?
Bitcoin isn't going to be the "go-to safe-haven" investment when all hell breaks loose and the dollar collapses.
Why is that? I would definitely use it more if the dollar collapsed
Bitcoin won't fuel any sort of revolution because you still need electricity and the internet in order for it to be worth anything.
Is electricity going away? I don't think it's a fad.
Nobody wants to download the entire blockchain to have their own QT wallet or much less gives a shit about being a node. The size of it is too unwieldy.
Few will want to run a full node. But fortunately only a few need to.
The only good thing I see coming out of bitcoin is more decentralization of mining as the price falls below profitability for the major miners who are used to paying outrageous prices for ASIC equipment that will soon again be worthless.
bitcoin scales and it is always profitable. But not for every miner. Like say... Mining.
Thanks for making it super easy to rebut your points.  The fastest, cheapest, and most secure way to send money is not a good enough reason?
Its not "money." Its bitcoin. Its an intangible series of 1s and 0s. The cheapest, fastest way to send money is known as a debit card. Pop it into an ATM or any retail card swiping device and BAM, money sent. No sitting around waiting for confirmations necessary. Why is that? Are you aware that in Africa this is the way it's done now? I'm not even sure what fees you mean. Who can charge me a fee? If by "Africa" you mean Kenya, then yes I am aware of MPesa. Western Union, Paypal, etc. can charge you fees. Why is that? I would definitely use it more if the dollar collapsed
You might, but your desires will be completely overridden by those of the financial sector. They set the safe haven investments, not us. Is electricity going away? I don't think it's a fad.
Not the totality of electricity, but there are blackouts and brownouts across the country on a daily basis. If you take away our electrical infrastructure, however global or local, your bitcoin becomes worthless. |
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The more scams like this happening worldwide the more likely the uninformed regular guy will see "crypto currency" and mentally replace it with the word "scam".
Its already happened. Pretty much everybody who is not posting on this board thinks cryptocurrency is useless and/or stupid, if not an outright scam. |
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This is proof that most people talk out of their ass in speculation. Yes, me included. Jeez... that woulda been nice to be $2000+ right about now. For some reason, people just don't get it, nor do they care to get it. BTC has to be a more essential part of everyday life for the common human... Its transactional usage seems to be confined to speculators and thieves. |
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This post has been very informational. It clearly shows the blinded optimism of many people on this forum. The few people in this thread that actually correctly made the call that Bitcoin was going down in value were called trolls.
Hey, the Evolution (and other) scammers gotta dump sometime. They sell below market price, which in turn drags the market down with it, which will continue until all from the Evo escrows is gone. We still may be undergoing fallout from Gox as well. |
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Don't use SealsWithClubs. Way too much collusion. Yes, Micon will now ask me to "prove it," but all I ask you is to go look at the tables right now and see how many of the same players are playing at multiple tables together as we speak. If you have to play, play at the big, cheap tables, where there is less incentive for collusion.
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I tried sending them nominal payments, but they will only accept the monthly payment in full as "payment," and each one is over $500. I just can't afford that, and they won't work with me to reduce the payment amount. So even if I sent them a check for $499, it wouldn't stop me from going into default.
Hmm, looks sketchy to me. Creditors will often do illegal things just assuming that the debtor won't go legal on them. They might be legally obligated to do a financial hardship reduction in your monthly payment if your income is below a certain level. That payment seems really high. It might be worth $50 bucks for a 30-minute consultation with a lawyer to look into this, or you could start by posting on a free legal advice forum. (even bitcointalk has a legal forum you might try there). The problem is, the cost of living here is incredibly high and my job pays a mediocre salary. When you add in other bills, payments and repayments (and I don't even have a car), I barely have enough money for frozen burritos at the end of the month. The reason why they won't negotiate the monthly payment down, they claim, is because I already used up my deferrals and forbearance. But thanks for the advice, you are right, it will probably come to that point pretty soon. |
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I have taken 10 months to get even here so buying a full member would have been handy 10months ago. Plus now full member or above gets avatars now that is cool is it not?
Wow, 10 months and you're at 86? You're doing it wrong. |
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