Torque
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Activity: 3738
Merit: 5342
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October 24, 2017, 02:06:59 PM |
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Dakustaking76
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October 24, 2017, 02:34:38 PM |
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Kraken isnt supporting? So can i move my coins to bitfinex to get my free coins?
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samsonn25
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October 24, 2017, 02:38:42 PM |
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Kraken is the worse broker exchange i have ever traded with. 90% of my orders get cancelled because their trading platform is too slow or not synced correctly. I expect to get an order confirmation in less than 1 sec. Not 30-45 sec then a timeout or crash.
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ghandi
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October 24, 2017, 02:52:27 PM |
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Kraken once was a nice place to trade. But indeed, the recents month it was mostly unusable.
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cAPSLOCK
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Activity: 3822
Merit: 5280
Note the unconventional cAPITALIZATION!
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October 24, 2017, 03:26:59 PM |
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great article. I was hooked. But I still couldn't bring myself to talk about Bitcoin publicly.
Blockchain was easier to talk about – it made me appear to be on the cutting edge and allowed me to avoid the dirty looks and the hushed whispers that followed any mention of Bitcoin. When I talked about blockchain, friends and colleagues would listen intently and engage me with questions about this wondrous new technology. However, once I mentioned Bitcoin they would pull me aside and ask how I was feeling, not so subtly questioning my mental clarity.
Blockchain made me feel good, but there was something missing; there was something hollow about blockchain without Bitcoin. I went back and re-examined my first encounter with Bitcoin in an attempt to discover where we had gone wrong. https://www.forbes.com/sites/briankelly/2017/10/24/why-bitcoin-matters-more-than-blockchain/#778f65a437acYep, that guy gets it. Here's another good quote: Without the currency, there would be no incentive for people to spend money on the computers needed to run the Bitcoin software. Blockchain without Bitcoin replicates the same financial system already in existence. There may be some efficiency gains through sharing private distributed ledgers, but blockchain without Bitcoin is not one of the most important innovations in the history of finance.
This finance guy grasps it, but for some reason Jamie Dimon cannot? Or does but won't cop to it... The whole "blockchain is the real game changer, bitcoin will fade" argument shows such a misunderstanding of what blockchain and bitcoin is and how it works. You cannot have an immutable distributed ledger without the token. The good news is those of us who are beginning to grasp the novel situation we have been in for 8 years still have time to exploit those who do not, or choose not to open their eyes. I used to feel sorry for them. But I don't anymore. Everyone makes their choices.
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JimboToronto
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You're never too old to think young.
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October 24, 2017, 03:35:51 PM Last edit: October 24, 2017, 03:47:04 PM by JimboToronto |
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Good morning Bitcoinland. So they took their AltcoinGold "snapshot" of the Bitcoin blockchain last night, I see. As anticipated, many trading enthusiasts immediately dumped the bitcoins they had bought just to get their addresses in the picture, despite the fact that they'll still have to wait until the weasels pre-mine their ripoff "development" coins and deal with a lack of replay protection. I'm glad most of my coins are safe and sound in ancient paper wallets. They're not getting my keys. The result is a dip down to yesterday's early levels... currently $5656USD/$7155CAD (Bitcoinaverage). Most altcoins are up, including AltCash at $337USD/$426CAD (Coinmarketcap). Decent dip in the last 24 or so hours. Large enough to make even Jimbo happy, probably. We'll know soon enough! As I said yesterday, a dip down to a price $500 higher than I paid less than a week ago isn't a deep enough dip for me to buy... yet. Maybe if we drop below $5.3k. In the past week we've seen it go from $5101 to $6180 and back down to $5534 (Stamp). This time last year we were dreaming of quadruple digits. Now it bounces up and down by more than a grand in a few days.
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ghandi
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October 24, 2017, 03:46:29 PM |
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How is this possible? BTG lacks a replay protection, so no sane man would currently transfer it's BTG to Bitfinix, because their BTC would be at stake... Did BFX already credit BTG to BTC holders?
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Torque
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October 24, 2017, 03:49:00 PM |
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How is this possible? BTG lacks a replay protection, so no sane man would currently transfer it's BTG to Bitfinix, because their BTC would be at stake... Did BFX already credit BTG to BTC holders? People need to be very careful, they may unwittingly be trading something that is NOT even their BTG. Any fork of Bitcoin could be used at this point, with no way to confirm what it even is... a name means nothing. Don't just blindly trust exchanges.
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marcus_of_augustus
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Eadem mutata resurgo
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October 24, 2017, 04:00:51 PM |
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Lost all respect for the guy ... maybe he was made an offer he couldn't refuse, ".... front up this S2X fork shitshow and we'll shower you with ICO ethereum cash ... or else" OR ... Psychopaths are good ...??
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JimboToronto
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You're never too old to think young.
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October 24, 2017, 04:09:41 PM |
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People need to be very careful, they may unwittingly be trading something that is NOT even their BTG. Any fork of Bitcoin could be used at this point, with no way to confirm what it even is... a name means nothing. Don't just blindly trust exchanges.
You're probably wasting your breath. It doesn't matter how often you tell trading addicts to keep their coins safely away from exchanges. That's one of the basic differences between Bitcoiners and traders. The very first paragraph of Satoshi's white paper points to trustlessness as the raison d'etre for Bitcoin. Traders are more than willing to trust exchanges and online wallet services. Wasn't MtGox enough of a lesson of what can happen when you give up your private keys?
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Torque
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October 24, 2017, 04:21:09 PM Last edit: October 24, 2017, 04:33:34 PM by Torque |
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That's one of the basic differences between Bitcoiners and traders. The very first paragraph of Satoshi's white paper points to trustlessness as the raison d'etre for Bitcoin. Traders are more than willing to trust exchanges and online wallet services.
Wasn't MtGox enough of a lesson of what can happen when you give up your private keys?
So true my friend. "If you don't hold your private keys, it's not your bitcoin."Sad though, I have a feeling that ten years from now, the banks that want to survive will be offering to store customers' bitcoin for them as a service.... and the public will be too scared of their own incompetence and just use it. The MSM will probably even have weekly fake news stories about how this person or that person got robbed of all their bitcoin.. to scare people even more into using the banks' services.
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d_eddie
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October 24, 2017, 04:33:21 PM |
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So true my friend. "If you don't hold your private keys, it's not your bitcoin."Sad though, I have a feeling that ten years from now, the banks that want to survive will be offering to store customers' bitcoin for them as a service.... and the public will be too scared of their own incompetence and just use it. The MSM will probably even have weekly fake news stories about how this person or that person got robbed of all their bitcoin.. to scare people even more into using the banks. It will only take half a bank run to falsify that kind of MSM narrative. Or real interest (denominated in bitcoin) to persuade old bitcoiners.
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fluidjax
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October 24, 2017, 04:43:58 PM |
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How is this possible? BTG lacks a replay protection, so no sane man would currently transfer it's BTG to Bitfinix, because their BTC would be at stake... Did BFX already credit BTG to BTC holders? People need to be very careful, they may unwittingly be trading something that is NOT even their BTG. Any fork of Bitcoin could be used at this point, with no way to confirm what it even is... a name means nothing. Don't just blindly trust exchanges. There is no BTG yet, they simply announced a snapshot date. Its an illusion. All the exchanges are trading 'tokens' that represent coins. The exchanges know that they have the coins because they will be in the same address the Bitcoin's were are the time of the fork, but they can't see or use them until they get a proper BTG Node software. Its a virtual virtual currency
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bitebits
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Flippin' burgers since 1163.
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October 24, 2017, 04:56:27 PM |
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[...] I don't care. I don't preach. All I do is explain the technology and its implications for society to those who show genuine interest. Why should I wish unjust rewards on those who clearly don't deserve them? Bitcoin is a revolutionary technology with a promise of changing society to the better. Because it is a monetary technology, those of us with enough vision to see the potential, risk our own money and enough nerve to hold through the FUD, haters, bear markets, hacks and laughter get rewarded. Simple as that. The guy who laughed it off in 2014 and felt he "missed the boat" in 2017 will end up buying some in 2023 together with his gradma.
Hear, hear.
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Chef Ramsay
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October 24, 2017, 05:18:34 PM |
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[...] I don't care. I don't preach. All I do is explain the technology and its implications for society to those who show genuine interest. Why should I wish unjust rewards on those who clearly don't deserve them? Bitcoin is a revolutionary technology with a promise of changing society to the better. Because it is a monetary technology, those of us with enough vision to see the potential, risk our own money and enough nerve to hold through the FUD, haters, bear markets, hacks and laughter get rewarded. Simple as that. The guy who laughed it off in 2014 and felt he "missed the boat" in 2017 will end up buying some in 2023 together with his gradma.
Hear, hear. Damn, I wouldn't slam a door that hard.
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Ibian
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October 24, 2017, 05:23:05 PM |
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[...] I don't care. I don't preach. All I do is explain the technology and its implications for society to those who show genuine interest. Why should I wish unjust rewards on those who clearly don't deserve them? Bitcoin is a revolutionary technology with a promise of changing society to the better. Because it is a monetary technology, those of us with enough vision to see the potential, risk our own money and enough nerve to hold through the FUD, haters, bear markets, hacks and laughter get rewarded. Simple as that. The guy who laughed it off in 2014 and felt he "missed the boat" in 2017 will end up buying some in 2023 together with his gradma.
Hear, hear. Damn, I wouldn't slam a door that hard. Not so much slamming it as no longer trying to push people through it. It's a natural development for newly moneyed people, eventually we realize that not everyone has the required psychology to even want to make a lot of money. Let those who can see, see. And maybe point out some interesting topography for them. There is no curing the blind.
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Ibian
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October 24, 2017, 05:23:55 PM |
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Its a virtual virtual currency That's a fucking mind blower. Is that what going full retard looks like? Cause it looks like going full retard to me.
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barota
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October 24, 2017, 05:43:00 PM |
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Politicians all say bitcoin is scam JPMorgan CEO Jamie Dimon's Then Vladimir Putin Who said Cryptocurrency scam too And this time Saudi Prince Al-Waleed: Bitcoin Is 'Going to Implode' i think bitcoin will crash for sure
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york780
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October 24, 2017, 06:20:26 PM |
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Is crypto dead yet? Muhh dead muh
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