I just applied. Looking forward to follow this project.
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It's a bullshit article.
"But the danger of cryptocurrencies extends beyond facilitation of illegal activities. Like conventional currencies, cryptocurrencies have no intrinsic value. But, unlike official money, they also have no corresponding liability, meaning that there is no institution like a central bank with a vested interest in sustaining their value.
Instead, cryptocurrencies function based on the willingness of people engaged in transactions to treat them as valuable. With the value of the proposition depending on attracting more and more users, cryptocurrencies take on the quality of a Ponzi scheme."
The author presumes that fiat currency value is guarded by central banks. But in fact central banks have no power over the value of currency: only the people have. It is their daily trust that currency has 'value' that keeps it afloat. Cryptocurrencies are no different with the exception that there is no 'Grand Wizzard' pretending to have control over the value (quod non). The point is: no Great Wizzard is needed if you have transparent open source code governing the lot.
How cryptocurrencies are a Ponzi scheme if no one is paid with the proceeds that others put in, is a mystery to me. According to the authors own standards, the stock markets and fiat currencies, markets in precious metals, arts, cars, music instruments etc all take on the quality of a Ponzi scheme. it is an incredibly stupid thing to write.
Then there's this gem: "Moreover, while the state has no role in managing cryptocurrencies, it will be responsible for cleaning up any mess left by a burst bubble."
No, the State has no responsibility. Statistics think it has. That is something entirely different.
The 'damages' that cryptocurrencies may bring are in the end caused by mismanagement of fiat currencies by exactly the persons that state that their duty is to protect fiat currencies and financial systems. Don't blame cryptocurrencies for that. If fiat currencies would be superior, we would not have a great rush into something better.
So the State's proper answer should be the introduction of Govcoin. Show us that you, the State, can do it better or eat cake.
These kinds of articles almost seemed aimed at building up an arsenal of 'public ideas' that cryptocurrencies are to blame for the upcoming great crash. Well, the author of that article can keep that great idea. I rather choose liberty with the noise and volatility attached than the tranquility of the noose.
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I can't verify with coinig.com
I had the issue that others could not verify due to my message having returns (=new lines) in it. This causes issues with verification I think.
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As I said, moving towards a parabolic move in a parabolic move.
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Apologies if already asked before but can Wolfram Alpha also render the historical chart of this indicator?
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That's what bothers me the most. Yeah, the rises are steep, but steady. Thats diffrent from the past...
This means: no bubble yet. Just like in the past.
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I think Risto has experienced a roller coaster in his head and some wild swings in his personal affairs. I hope this picture can be deleted from the Internet as it does no service to the man.
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It says 'error' on the line of crypto currencies.
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Cool that Bushstar is back on the job. Looking at Litecoin (and Peercoin and a couple of others), 'classic' coins have some difficulty keeping traction in a see of cryptocurrencies with various types of applications other than just being currency. Feathercoin needs some very good PR to profit from the general rise of the market. I say so because I sense that the classic POW is perceived less attractive with the Bitcoin scaling debate lingering on, and the trouble with miners vs developers. Coins like Byteball and IOTA that do not have a classic blockchain, take an other approach. In addition, the concept of 'no fees' currencies (IOTA, RaiBlocks) is coming up strong.
So it will be though for Fearthercoin, my beloved Feathercoin, to stay relevant.
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[...] you have to move your eth and pay out of exhanges and into wallet? Thanks.
The snapshot for this airdrop is dated somewhere in July 2017 so moving funds won't make any difference anymore. Also, some thresholds apply. Google is your friend.
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I'm sorry Wekkel, but your information DO NOT verify! My own Stake:14t6ASk7M7miPU4JaBGDcF7V6DgEp2c1ir this is ghandi on bitcointalk.org - 2017-08-31 H+AA9xVRC+araVHX0p+pA5ftSv8c7zvgQrRWEHDLFzHlfoV60dVCd5hmfPXe5YKsNcHEt+rNSy9D9RmHmtWIfME= Sorry, something with the formatting (avoid using a 'return' in the message). Works now. Could you recheck and update your original quote? Your post quoted and verified.
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Well, we've done it. Finally crossed the $3 BILLION dollar barrier in marketcap! and also reclaimed the #6 position!! Hopefully this is just the beginning ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Indeed, just the beginning.
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My own stakeMy BTC address: 1PDY4eL5BgGv6TVzcMhibDEf37vWEMiwjy
Msg: Hello, this is d_eddie staking BTC address and identity at bitcointalk.org on 2017.08.31.
Signature: IMoM6wy+N7Trgsdg5FlrXoalFKzjkC1jPsI4OJKoPQAzEEayd8fSwpEgUGSAiUo6lX85ODxXLqFcnRNNwNqp1zQ=
Quoted and verified
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1EpyHw2BdPk3hcYjjQtipyMVEscseLNbrh Wekkel on Bitcointalk.org - August 31, 2017 - Proud long term user - 1EpyHw2BdPk3hcYjjQtipyMVEscseLNbrh Hx3FfM9lfS/FIjthtrlHZm0qMdHOEXOg9nde0gnoPggsfvwb6L9953BaM9XoPkHEhZlwaBGDKgyHWlk8NzH8BQw=
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ATH and no one really gives a shit. Got to laugh at this.
Wake me up at $15k .... seriously...
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$10k estimates for this run will prove too low.
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The price of Bitcoin seems to go through the Crypto J-Curve. And looking at the 3-day chart we may be starting to get vertical again. Frankly, I would be a bit disappointed if $20,000 takes another 3 years. But I can wait ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Gold is hard to trade in today's 24/7 'digital' world. So for hedging risks besides a total meltdown of society, paper (or better said: electronic) derivatives of PMs and/or cryptocurrencies that can be traded all over the world for pennies, may seem a better temporary vehicle to hedge risks. Gold is becoming increasingly a fixed asset only used to store wealth for ages. Most investors are not looking for such a store of value. So cryptocurrencies may continue to take a part of that field as temporary hedges against perceived risks.
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You mean 'Gold' as in -> the physical or 'Gold' as in -> an electronic derivative?
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From the Reddit thread I understand that the iOS wallet is still a bit buggy. That will improve soon, I think.
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