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Alternate cryptocurrencies / Altcoin Discussion / Re: 5 alternative coins to invest now for 2020
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on: April 23, 2019, 02:08:39 PM
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It's better to understand when/if altcoins have any validity than to ask for a few coins that will pump someday. You should ask these questions, at least, before speculating. This is not a complete list but a good start.
Why blockchain? Why not use Bitcoin? How do the coins/tokens accrue value? Does the project have good developers working on it?
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7
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Obelisk Tech Grin Asics
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on: April 15, 2019, 07:12:58 PM
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How its possible for some people to spend 3k on something which will be delivered after 7 months. We are still in bear market where fate of a coin changes on a daily basis. Grin is a new and awesome tech however when these asics eventually hit the network then it will rekt the market for sure and price of grin will dip more. Why not grab a piece of land for 3k dollars which will rise in value for sure in 2 or 3 years instead of power hogging machines lol
It probably doesn't make sense to tell people how to invest their money unless you already know what their portfolio looks like. I already own real estate. I would hope that anyone buying mining equipment like I am already has a diversified portfolio of more traditional investments. People have different levels of risk-return tradeoff that they are comfortable with. I am comfortable with the risk because I can afford to be. Not everyone is in the same situation. They should make up their own minds.
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8
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Economy / Marketplace / Re: Buying goods or services using crypto
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on: April 14, 2019, 12:49:58 PM
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I find it easiest to buy gift cards with Bitcoin but every now and then I try to offer Bitcoin directly to people. Unfortunately, normal people are still clueless. I think it'll be another 5-10 years before you can actually spend Bitcoin directly on a daily basis.
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10
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Obelisk Tech Grin Asics
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on: April 12, 2019, 12:38:02 PM
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Didn't Obelisk give all DCR1 buyers a credit for the amount of coins that they would have mined if Obelisk would have shipped on time, without factoring in the cost of power, essentially giving DCR1 buyers free electricity? The only thing that happened with the DCR1 is that profitability fell from other miners flooding the market. I'm not really sure how that is Obelisks fault because that would have happened regardless of Obelisk shipping on time or not. DCR1 buyers actually got a better deal from the delay because of the aforementioned free electricity.
Obelisk has faults. They don't communicate enough when there are delays and they are terrible at estimating times. They claim they have fixed their process. We will have to wait and see. But they are also very good to their customers compared to other companies. I was one of the few people that bought a $3,000 voucher for the GRN1 and they are giving me a miner that is currently priced at $10,000. I'm pretty happy with Obelisk at the moment.
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13
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Economy / Service Announcements / Re: Announcing a new bitcoin exchange with UK banking - www.bit121.co.uk
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on: January 27, 2014, 12:28:17 PM
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I will stay safe and will make sure people are aware that this is nothing more than just shady way of making money. You've already admitted that you've never done business with them. Therefore you have no idea if it's a scam or not. As all transfers between uk accounts are free how you can justify charge of 10gbp for transfer in and 10gbp for out? If it's a scam then why are you complaining about the fees? EDIT: I just got an email from bit121 so either you're lying or confused. I suggest you check your facts.
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18
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Other / Meta / Re: Moderators Deleting Posts in their own Threads
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on: July 04, 2012, 07:56:32 PM
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If I've violated some policy let me know. As far as I know, I was following the moderation policy of allowing users to set local rules and then allowing moderators to enforce those rules at their discretion.
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20
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Other / Politics & Society / Defending the Non-aggression Principle
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on: July 04, 2012, 06:55:43 PM
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There are two arguments for the non-aggression principle:
1. Violating the NAP has bad consequences.
2. Violating the NAP is immoral.
Since I'm not a consequentialist, I don't find the consequentialist argument convincing one way or the other.
As for the argument from morality, all moral claims are opinions. They are preferences, nothing more. You can't say my opinion is wrong any more than I can say yours is wrong. That's because opinions aren't the kinds of things that can be right or wrong. That being said, I reject any opinion that violating the NAP is moral, outside of immediate life threatening situations when your actions don't threaten the life of another person and you also compensate the victim. If you are literally about to starve to death, steal some bread but be prepared to work it off. I doubt you'll have to steal though because I'll be glad to give you some of my bread. However, if you are dying because of liver failure, don't take my liver.
If you reject my opinion like I reject the opinions of those that wish to violate the NAP, we have irreconcilable differences. We can either try to coexist peacefully or we can go to war. There's nothing more to it than that.
NOTE: Any posts that are not a direct reply to this argument and attempt a direct refutation of it will be deleted.
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