Well, this was pretty embarrassing to watch. I guess they still haven't learned the lesson: You cannot stop a p2p decentralized open source network. Then again, im making a big assumption by thinking they know what any of that means.
>You cannot stop a p2p decentralized open source network Pass a new law: said p2p decentralized open source network is now illegal. Network stopped in 1 day. You seem to underestimate the power of the governements. Very few people are ready to go to jail in order to keep using the bitcoin. I'm not saying that this a likely scenario of course. How can a government make decentralized p2p networks illegal? |
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People at high places want ordinary people to remain ignorant.
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well tokeweed, there are legitimate businesses making money and distributing dividends on the NXT Asset exchange. NXT is one of the more resilient cryptocurrencies, it's more than just a traders token which is pretty much what most everything else is.
YMMV
Yet NXT was dumped despite that. If some newb bought at .000038 with a significant amount of his savings, I'm pretty sure he'd get a good dose of reality in trading. And not just in crypto, but trading in general. Welcome to pretty much every alt. This recent culling will spell doom for some. I just gave you the reasons why it wont for NXT. BTW, div paying assets barely budged in NXT price. Those were the investors. The speculator crowd and LSUM were the exit crew. Sure. But what I'm saying is we have to caution newbs from just buying a coin just because you support it. NXT is on a downtrend, so it's practical advice to tell them to avoid it for now. That's all I'm saying. What's that saying... Be greedy when others are fearful and be fearful when others are greedy... or something like that. That guy was wealthy as fuck with almost unlimited source of capital who shat caviar and pissed champagne. Most of the newbs here are ordinary people who are basically gambling their kid's college fund in alts, hoping to make some life changing amount of money. It is that belief in that saying you posted that make ordinary people lose money. |
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well tokeweed, there are legitimate businesses making money and distributing dividends on the NXT Asset exchange. NXT is one of the more resilient cryptocurrencies, it's more than just a traders token which is pretty much what most everything else is.
YMMV
Yet NXT was dumped despite that. If some newb bought at .000038 with a significant amount of his savings, I'm pretty sure he'd get a good dose of reality in trading. And not just in crypto, but trading in general. Welcome to pretty much every alt. This recent culling will spell doom for some. I just gave you the reasons why it wont for NXT. BTW, div paying assets barely budged in NXT price. Those were the investors. The speculator crowd and LSUM were the exit crew. Sure. But what I'm saying is we have to caution newbs from just buying a coin just because you support it. NXT is on a downtrend, so it's practical advice to tell them to avoid it for now. That's all I'm saying. |
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he said he has a large amount of Bitcoins but would not disclose the amount and says he has a hard time spending them. After I explained GYFT and how you can go inside StarBucks and transfer BTC-->Gyft card then use that at the point of sale his eyes blew up like he saw a ghost Shocked to see that he has never heard of GYFT before  Did Steve happened to stop by your school there in Florida, hence the meetup? Trance is a teacher? |
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Who cares if he knows Steve but why would anyone go into Starbucks buy a gyft card with Bitcoin just to buy a coffee when you can simply use cash directly to buy a coffee? That's probably why his eyes lit up.
Hahahaha! Nice. |
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What altcoins are worth investing in or looking into if any?
What are the advantages of altcoins (if any) vs bitcoins?
The ONLY thing in short supply here is honesty and reality.. This. OP, if you want to play around with alts be aware that these price movements are based around hype and P&D's from active traders. i'd have to say it revolves around adoption and does an Altcoin have potential to actually take over the world (like BTC did) And of course you will get a different answer depending on who you talk to.. I agree. But as you said 99.9% of alts are not and will not be widely adopted and have no chance or potential to take over. So price movement all goes back to hype and P&D'ing the coin... Kinda like penny stocks. Most of those companies have no earnings, but the stock is being hyped and manipulated from time to time. |
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well tokeweed, there are legitimate businesses making money and distributing dividends on the NXT Asset exchange. NXT is one of the more resilient cryptocurrencies, it's more than just a traders token which is pretty much what most everything else is.
YMMV
Yet NXT was dumped despite that. If some newb bought at .000038 with a significant amount of his savings, I'm pretty sure he'd get a good dose of reality in trading. And not just in crypto, but trading in general. |
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What altcoins are worth investing in or looking into if any?
What are the advantages of altcoins (if any) vs bitcoins?
The ONLY thing in short supply here is honesty and reality.. This. OP, if you want to play around with alts be aware that these price movements are based around hype and P&D's from active traders. |
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Hello, since it seems bitcoin is going through a nice upsurge atm, what altcoin is a good buy right now ?
I'm new to trading and still have a way to go understanding it all, but I heard that altcoins generally rise when BTC rises. I got some extra BTC I could invest in an altcoin atm. Maybe litecoin?
Thnx
LTC if you make it. NXT if you don't. LTC is more likely to follow BTC's surge if it continues to go up to 1000 USD Karpeles style. Avoid NXT. It's trending down to who knows how low. Avoid NXT ... now is the time to buy! Once InstantDEX launches Chinese $$ will be all over it, and recent dumps from 2013 whales are (almost) finished, so from here on its all about tech, and in that department nothing rivals NXT But what if it still continues to trend down? Remember... No can really predict the market. So I won't advice newbies to buy downtrending coins. All you get is another stuck whining bag holder waiting for a price surge which who knows when. |
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What is Bitcoin and what will it become?
To believers, it’s the future of money, privacy and payments, the end of greedy banks and the fall of government fiat currencies.
To critics, it’s an elaborate scam, the currency of cyber villains, a threat to sovereign states.
To others, it’s already nothing, practically dead on arrival.
In which side are you?
It's gonna be all or nothing. |
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Drugs.
wow your joking right? Nope. |
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Coinbase CEO Brian Armstrong calls the industry to fork Bitcoin Core by the end of December In my view, Bitcoin XT is the best option I've seen so far. Not just because it has working code, but also because it has a simple implementation that is easy to understand, the block-size increases seem about right to me, and I have confidence in the people behind the project. My preference at this point would be to have Gavin step up as the final decision-maker on Bitcoin XT, and have the industry move to that solution with help from Mike Hearn, Jeff Garzik and others that wish to do so.”
The CEO believes an upgrade is urgently needed in order for the Bitcoin network to handle a sudden increase of Bitcoin usage. As such, Armstrong emphasized that Coinbase will not wait for consensus to form among the Bitcoin development community.
“We will upgrade regardless of whether Bitcoin Core is updated,” Armstrong said. “Capacity planning is something you should try to get ahead of. Growth can be unpredictable, and I want to remove all blockers to Bitcoin's success. I've been disappointed to see how slow Bitcoin Core has moved on this issue, and we're open to switching forks.”
https://bitcoinmagazine.com/articles/coinbase-ceo-brian-armstrong-bip-is-the-best-proposal-we-ve-seen-so-far-1446584055Taaki made really good points in this interview.
Bitcoinj- and Lighthouse-developer Mike Hearn, for instance, was just pushing for an extension to the protocol in order to eliminate possible double-spend transactions in point-of-sale situations. He proposed a system in which miners can vote to steal the block reward from other miners if they accept double spends. The problem is that this opens up the possibility for large mining pools to collude against smaller miners, and use this power to blacklist transactions.And this is just one example, there are many more like it. But it really is insane, it's ludicrous. Just to be able to buy coffee with our Bitcoin-creditcards, and make it a little bit more convenient, we want to destroy all of the freedom it provides? Lose out on the opportunity to enable people to economically organize themselves over wide geographical areas, between different communities, and different organizations with different financial instruments, with tools we have never before seen in the history of humanity? Do we really want to give that up for a silly dream of a few corporations that want to sell a product to consumers, to pump the price? Come on... We're really losing a big thing if we sacrifice Bitcoin for that.
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Thanks for posting. How's the traffic at Betcoin btw? |
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^ Don't get fired, ok?  |
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So meaning very careful when deciding to buy and hold a coin for the long term with a significant amount of your hard earned money. In fact, people here who have been around a long time should discourage newbies from doing so. This is crypto, not a mutual fund.
Don't gamble with your kid's college fund.
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The officially accepted definition of a liquid market is one in which 1% of the coins/tokens/porkbellies are traded per day.....by that definition, NXT trading is liquid right now, with a 24 hour volume of $87,000 on a market cap that bounces from $7-9 million. Hope it stays that way.....
Distribution is looking sweet as well: the last stakeholder to dump has been spreading the NXT around nicely, but she's just run out of NXT to give away.
Sure. But that's no excuse not to improve. A daily average trading volume of 87k USD just won't do in the long run. |
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Time to Let Go of Your Altcoin and Buy Bitcoin By the looks of things that is exactly what is happening. Most everything taking a nose dive. If btc can settle down to a nice high price some alts will quickly recover. Those with lots of btc will buy up the bargain basement prices I'm sure. No that is pure bullshit. A few of you scam coin fans have been loitering around re-posting that. And Market history contradicts you.. Most of the markets are recovering already, and some are in the green. If bitcoin spikes again, alts will go red again. Yeah. Alts have a hard time keeping up with BTC's price surge in dollar amounts. It should stay flat for alts to start trending up. |
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The "shoe on head" pic never took place, did it?  Don't think so. It's not in his character. Last I heard he was developing something big. Someone described it as something like "Start Up Governments" via crypto. Edit: Wait. Shoe on head meaning he ran away with some money? Or he was found lying in an alley somewhere with a shoe on his head? |
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