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When the first block arrived. Before that it was theory. On that day it became functioning reality. That'll do for me. That's not to say that tomorrow isn't worth celebrating too.
It would be very interesting to know when the idea was first germinated. It may be considerably earlier than we imagine.
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There must be a business opportunity to open Cryptograveyard.com where delisted coins can gather and be traded in respectful silence. Since there's now well over 2000 shitcoins that's a whole lot of desperation to tap.
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@gentlemand. It is hard to speculate without thorough knowledge on the patent. What is it about on a technical level and are they allowed to patent it?
I'm not talking about the ins and outs of this particular proposal. Most patents aren't designed to ever be used, they're mainly to park an idea. It's more about the generalised desire to attempt it. There'll be plenty more. |
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He's the gift that just can't stop giving. What did Bitcoin do to deserve such an angel? |
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If preserving your present value and remaining in crypto is paramount then I'd turn everything to Bitcoin, deposit it on an exchange with insurance and a banking charter which pretty much leaves you Gemini, Itbit and possibly Coinbase and sell them for real dollars, not any stablecoin, and keep the dollars parked.
If you need to get back into crypto then you can do it in a few seconds. And make sure your account is super secured with 2FA etc.
Since real dollars are available I see no need for a stablecoin. If I was to go for one I'd only consider the new crop of legit ones, but even then I wouldn't bet the farm on it.
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Is it going to turn into the gold market, where the paper market dominates because of its superior volume?
Yes. If there's one thing I've noticed it's a desperation to defer to authority no matter who or what is providing it. Sure, there are the hard core who develop, theorise and remain committed to its principles. Everyone else wants more dollars and someone to tell them what to do. |
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I've got mixed feelings about this. I'll agree that the volume on Chinese exchanges was absurd and that price started trending up hard after they were shut down. But that could be coincidental.
More than possible but China did have some weird hold over traders from elsewhere. When it costs you nothing to trade then that's quite radically opposed to how the rest of the market works and the behaviour will be different accordingly. Throw in the stupidity of thinking a market is more authoritative because of its fake volume then you have a recipe for a deadlock that needed to be broken, and was. |
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I'm at a dead end for this week's article. News cycle is slow and been boring as fuck. Any suggestions? I'm just dangerously procrastinating right now.
Surely the boredom itself is a worthy subject for an article as it's highest in everyone's mind right now, more so than anything else. That said it seems there's signs of a (downward) pulse right now. |
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Well, their exclusion was one of the main reasons the price got as high as it did.
When the Chinese casinos were in operation for some reason the non Chinese would bow to their authority because of their 'volume' which was 95% the exchanges themselves and the remaining 5% was probably 5-6 brats with bots.
The world would rise, China would shit on it, the world would run screaming and then we'd be back to square one. Losing that was one of the best things that happened to this market. I hope they never come back.
As for the economy, that would be interesting to witness.
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Yes. And all sorts besides. Nothing works but most of the time it's fine. I just avoid lifts and try not to stay up all night too often as being knackered sets it off too. I also have tinnitus and flying sets off white hot needles burning in my sinuses. The interior of my skull is a ruined wasteland. I will upgrade to a 3D printed carbon fibre skull when they're available. And I'll fit it myself as I enjoy fiddling with things. |
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Recovering from Vegas.
Man. My nerves can't handle that place any more.
I have an inner ear problem that occasionally flares up and destroys my balance, plus I find any sharp sounds intolerable. The last time it did was in Vegas. My elevator plunged 30 floors in a handful of seconds which properly set me off. When I attempted to step out of it my world exploded. I spent an hour on the floor outside the elevator and then attempted to head out. Now I think about it Vegas was probably the worst place on the entire planet to have had a moment of that ilk. If nothing else I truly felt that I was trapped inside Fear and Loathing in Las Vegas. It were nightmarish. I had to negotiate with the security to let me use the stairs which they were extremely suspicious of. |
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I write for a crypto website and I get paid just enough to squeeze by. I have no idea how much the owners get from ICO listings, but its enough to keep me steadily employed doing something I actually enjoy and getting to live off the grid.
Isn't it pretty obvious, when somebody starts reading an article, whether they are reading a product placement article or not? Maybe I enjoy a certain degree of literacy that others don't but if an article just reviews how awesome Product X is, its going to be boring, irrelevant or otherwise easy to spot as a paid review article.
In any case, it was interesting _not_ to see CoinTelegraph, CoinDesk or bitcoin.com on there. I still quote newsbtc and bitcoinist a lot because they do good work, but refuse to include links from bitcoin.com anymore because they are straight up propaganda. Even if its unpaid propaganda, its propaganda nonetheless.
I'll assume Coindesk have a back door lined with gold for their special customers to hawk their filth. There's no way they'd openly start talking business with some random penis via email. So your site's owners are commissioned by a project to write something and then they commission you to do it? Feel free to tell me to mind my own business. |
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This isn't stability. This is a coma.
For Bitcoin to be properly useful to many it needs to be considerably larger than it is now. It's still minor in the great scheme of things. To get bigger, volatility is inevitable. Once it's grown to not too far off saturation, that's when stability becomes desirable.
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https://twitter.com/SamouraiWallet/status/1055345822076936192Samourai wallet has a 'do not spend' setting to isolate things like this. As far as I know no other wallet has this feature. I'm not sure how happy you'd be to introduce your seed into a relatively unknown wallet but that might be the easiest option.
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Maybe Tether's business model is to cause its own FUD? They know perfectly well it's fine. They also know perfectly well how moronic and easily led most people are. All you got to do is drop some scares, buy USDT cheap and then let the doom run its course until it's back to parity again. Someone could've made 15% for nothing over this. |
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If crypto becomes mainstream,I'm sure that sooner or later,the "limited supply" deflationary nature of bitcoin will be over,due to massive amount of hard forks,or the creation of a btc-backed token with a fractional reserve.
We're going to be in nappies or dead by the time the deflation becomes a proper deal, but I think that's going to be the great battlefield of the future. Dunno if enough people will have the balls to attempt to raise the 21 million limit but there'll be many back door attempts that'll be ever more insidious. |
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