What people think BOA patent news means: mass adoption of crypto
What it actually means: Cease and desist orders to all existing crypto exchanges, and either no use of the patent or use for proprietary bank coins
Good thing decentralized exchanges won't give a damn. Which exchanges are decentralized? https://bisq.network/http://www.coinffeine.com/How is fiat handled?
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Am I daft for thinking that one of the biggest threats to cryptocurrencies is the amount of power used to mine them. It seems to me that in the next year or so alternative technologies will need to be developed that dramatically reduce power usage.
It's not all cryptocurrencies, it's Proof of Work cryptocurrencies. And yes, something will need to be done. PoW is not sustainable. Power consumption/Bitcoin value will reach an equilibrium at some point in the future. Are you saying that it will continue to increase beyond our capacity to generate electricity? Let's assume that there isn't enough electricity to supply the demand; one of the most fundamental concepts of economics (arguably the backbone of any market economy) would dictate a price increase for electricity in lieu of an increase in miner efficiency. The only way it's unsustainable is by keeping all other variables constant while increasing the fiat value of a Bitcoin. Only a flawed mental model leads to the conclusion that PoW is unsustainable.
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Why on Earth didn't you do an OTC sale? There's no way I'd trust any exchange with amounts above a few grand. They're too prone to freeze you over AML shite.
... because I thought I was properly verified for the level of play I was looking for. Got this email just prior to doing the sale. Fuck me, right ? Can you buy Bitcoin with it or is the account locked? Might as well ride the train again while you're waiting CCMF
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Welp, taking a vacation from cash trading since kraken is unusable. Withdrew all assets. Damn shame for everyone involved, but there we are.
I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting. Sheeeeeeit. Oh no Bob. Good luck!
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Of course the universe is not deterministic. It's called quantum mechanics. Unless you want to consider things falling within certain probabilities deterministic. Okay, that's enough. I'm going to have to put you guys on ignore because I have no idea what you're talking about.
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Mindblowing
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^we'll take it!
What the fuck am I gonna do with all that Y?! Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? Must be another Roger Ver misdirection. Y=¥ Y=YOLO In that case, I'm YODLin
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^we'll take it!
What the fuck am I gonna do with all that Y?! Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? Must be another Roger Ver misdirection. Y=¥ ₮サ∆ик$ モ◊Я ₮サ∑ ∑Жקレ∆и∆₮เ◊и
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^we'll take it!
What the fuck am I gonna do with all that Y?! Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? Must be another Roger Ver misdirection.
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Bulgarian FUD or futures FUD? We will have to pick one. Whoever came up with it hasn't done their research; the value of that Bitcoin is higher slight exaggeration than the GPD of Bulgaria! Anyway, Bulgaria ranks as the most corrupt state in the EU so it will be a miracle if those ever see the auction block. Don't worry, they will be dispersed, hidden and slowly laundered if they ever existedread denial!
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So who is considered an early adopter these days? Is it still people who bought in 2010, or is it now people who bought in 2012 or 2013? And dont give me that bull answer of we're all still early adopters.
Textbook answer: Early Adopters (13.5%) – This is the second fastest category of individuals who adopt an innovation. These individuals have the highest degree of opinion leadership among the other adopter categories. Early adopters are typically younger in age, have a higher social status, have more financial lucidity, advanced education, and are more socially forward than late adopters. More discrete in adoption choices than innovators. Realize judicious choice of adoption will help them maintain central communication position ~ Rogers 1962 5th ed, p. 283 literally
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I’m a huge geek in my early twenties and was living with my parents when I put in my first pay check into crypto. Didn’t touch it for half a year and now I got a million. What should I do?
You should use some of it to pay for spelling lessons, beginner.
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It's like the undead, rising up from the graves to challenge the blockchain just one more time.....
I might have to fire up a couple of Saturns to warm up the house then.... it's getting chilly.
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I promised myself I would buy myself a present at 10k So I bought this....it arrived yesterday Since I've been wearing it we've been moving at more than 2k a day. It's not coming off. That is awesome! Please don't take it off
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This is downtown Confirmed.
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$14600. Two options in the next 2 months, huge correction, or massive adoption and +50k.
Or just the standard 10x again that we’ve seen the last 12 months MMMMMmmmm... pizza! Second best post of the day
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In this moment, my penis is turgid.
$13k.
Wow !
getting out my dictionary.... You named it dictionary? Best post of the day
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I wonder if it is actually profitable to mine BTC with a GPU again? Probably not, but one could hope.
There is no hope for GPUs - with my best GPU it would take 9,038,161 days to mine one Bitcoin at a cost of 72 cents per day. Maybe when Bitcoin is worth 7 million dollars though... Can you not mine Bitcoin Gold with a GPU? I stopped GPU mining a while ago and haven't looked back but now that you mention it, it seems like I could make about $6 worth of BTG daily. I'll be getting paid to keep the house toasty warm (if the wife approves - noisy). Thanks!
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I wonder if it is actually profitable to mine BTC with a GPU again? Probably not, but one could hope.
There is no hope for GPUs - with my best GPU it would take 9,038,161 days to mine one Bitcoin at a cost of 72 cents per day. Maybe when Bitcoin is worth 7 million dollars though...
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As much as I'm loving this price action, something still tells me a big short is coming.
And there's a reason why they launched futures in December, right before Xmas. They know that people have money then.
How big and how short?! We need details.
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