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Bitcoin could be a keeper and even then 1 bitcoin could be worth 1 dollarHarveys wrote:Only stupid rich people will put electricity in their homes.
The motor car is interesting but will never replace a horse, it’s imptactical to have gas stations everywhere to fill them up. Horses eat grass and can go anywhere.
Business machines (computers) have no use in a home.
The telephone is a great invention but has no commercial application
People will be bored of the internet by 1996.
Cryptocurrencies are a fad
Bitcoin is just a bubble
What is the bitcoin to semidetached exchange rate at the moment?jolindien wrote:The real question of this thread, is, with all you smart lads having tons of cryptothings and given the gold rush of the whole thing, how many of you would now consider Globus (aka PR Wealthiest Member) a peon compared to yourself.
I mean, when i read some figures in here, the amount bought at the begning and the value now, how many in PR could actually buy the TOP 14 ?
I think we have a lot of millionnaires in here, if not billionnaires... that's weird, and rugby related, you could probably buy your national rugby team and make it win the 2019 RWC... or if not the national team, just buy Leinster or Racing, and win the HEC. That would end all the crap in supporter discussion as you could simply make it work the way you want ?
Why don't you do something like that, that would be funny, and with the rates of thecryptocurrencies and some of you being in since the begining, that would be a rather marginal part of your wealth isn't it ?
Perhaps I can interest you in some Tango and Bitcash?Seneca of the Night wrote:Gobble gobble
I'm very interested but could you avoid pitching marketing cliches? I've been involved to varying degrees in projects in Hyperledger Fabric, Corda and Solidity across banking, manufacturing and electricity markets.sorCrer wrote:derriz wrote:What can they do?sorCrer wrote:Same goes for ETH and Neo when the majority wake up and truly understand what decentralised distributed blockchain apps can so, there will be a rude awakening.
There will be no rude awakening. There are basically f*ck all business or commercial applications which benefit from using DL/blockchain tech. Proof-of-work makes absolutely no sense in a commercial/business environment and the alternative truly-distributed consensus algorithms aren't proven. The biggest "business" DL/smart contract platforms don't even bother and rely on a "centralized consensus" (sic) - with a vague promise of truly distributed consensus sometime in the future.
And this isn't from the lack of trying - a flood of money has been burned on DL/smart contract proofs of concepts and prototypes, etc. during the last two years without a single compelling legitimate application emerging except shyster and pump-and-dump schemes.
Sorry only saw this now.
They allow payments and application execution on the same decentralized platform. I could go on but you're clearly not interested.
52-week High: 3.3153sorCrer wrote:I'm holding > 100k of them. Some which I bought at $0.06 I won't be dumping any. Same goes for ETH and Neo when the majority wake up and truly understand what decentralised distributed blockchain apps can so, there will be a rude awakening.Anonymous. wrote:Yeah. You talk up the Ripple product (XRP) and when the price goes up enough you dump it. Those left holding the baby end up saying "I'm in it for the tech" and can't understand why the price has fallen so much considering it's a real product being used by more and more banks.sorCrer wrote:Serious. I presume you know how it works technically etc?Anonymous. wrote:Ripple has been ramped to the maxsorCrer wrote:
Odd. I'd have thought you of all people should know that XRP isn't a genuine cryptocurrency and of all the currencies on offer has the clearest use case.
Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.sorCrer wrote:Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.
In June 2011, the price climbed to $32.00 and then by November had fallen 94%. The important part of my post is Lightning Network.The Sun God wrote:Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.sorCrer wrote:Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.
I'm not sure but the broad thinking is Jihan Wu/Bitmain and it appears to be causing them some serious trouble hence the IPO which appears dodgy.Seneca of the Night wrote:Who do you think manipulated it?The Sun God wrote:Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.sorCrer wrote:Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.
The advice has always been only invest what you can afford to lose.Seneca of the Night wrote:I don't think the % comparison is fully valid. A few guys losing 1000 dollars here and there is a bit different to vast numbers losing life savings of 100,000 dollars and who will never go near the market ever again.sorCrer wrote:In June 2011, the price climbed to $32.00 and then by November had fallen 94%. The important part of my post is Lightning Network.The Sun God wrote:Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.sorCrer wrote:Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.
Google 'bitcoin manipulation' it will keep you busy for a couple of hours. If you are interested there is a programme on CNBC tonight at 6.00 PM ET called 'Bitcoin, boom or bust'Seneca of the Night wrote:Who do you think manipulated it?The Sun God wrote:Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.sorCrer wrote:Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.
Please watch this. I know Ran and you may find it an interesting and different perspective.The Sun God wrote:Google 'bitcoin manipulation' it will keep you busy for a couple of hours. If you are interested there is a programme on CNBC tonight at 6.00 PM ET called 'Bitcoin, boom or bust'Seneca of the Night wrote:Who do you think manipulated it?The Sun God wrote:Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.sorCrer wrote:Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.
You took up that invite from Globus then?HKCJ wrote:I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.
well thankfully unlike globus he was more than happy to share his good wine with us!Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.HKCJ wrote:I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.
sorCrer wrote:Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.HKCJ wrote:I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.
Is that an article or an episode of Silicon Valley?Seneca of the Night wrote:These guys have a sweet business plan:
http://fortune.com/2018/08/29/dfinity-w ... er_FORTUNEAn ambitious blockchain project called Dfinity wants to reinvent computing by replacing large platforms like Amazon Web Services and Salesforce with a cheaper, decentralized alternative. The project, which Dfinity dubs a “world computer,” took a step closer to being a reality this week.
Could you explain the bit about the power requirements?HKCJ wrote:I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.
I'm going to call him straight out wrong on this. Did he mention Lightning Network and how it deals with the power 'issue'?HKCJ wrote:sorCrer wrote:Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.HKCJ wrote:I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.
Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.
Seneca of the Night wrote:This is currently my go to line at dinner parties. "ah yes, - - - slurp--- but the lightening network will deal with the power issues."sorCrer wrote:I'm going to call him straight out wrong on this. Did he mention Lightning Network and how it deals with the power 'issue'?HKCJ wrote:sorCrer wrote:Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.HKCJ wrote:I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.
Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.
For all your bluster, I figured a long time ago that you're an egocentric cnut and to think you've probably used systems I've written.I worked ,briefly, with Alan Howard in Salomons many years ago......made everyone else on the desk look like dipshits.HKCJ wrote:sorCrer wrote:Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.HKCJ wrote:I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.
Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.
They can. Or I could sum it up briefly.Seneca of the Night wrote:Anyone can go and read what you and I have written on this subject on this thread over the past year and make their own mind up.
Did you watch the CNBC segment? I think it was hosted by Ran Neuner. He is a pretty good businessman and heavily invested in cryptocurrency.The Sun God wrote:I worked ,briefly, with Alan Howard in Salomons many years ago......made everyone else on the desk look like dipshits.HKCJ wrote:sorCrer wrote:Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.HKCJ wrote:I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.
Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.
No...I am in Dubai and haven't really had a minute all week. I will watch it when I get home to France tomorrow night.sorCrer wrote:Did you watch the CNBC segment? I think it was hosted by Ran Neuner. He is a pretty good businessman and heavily invested in cryptocurrency.The Sun God wrote:I worked ,briefly, with Alan Howard in Salomons many years ago......made everyone else on the desk look like dipshits.HKCJ wrote:sorCrer wrote:Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.HKCJ wrote:I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.
Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.
The entire reason I'm so bullish on cryptocurrencies are because I understand the technology and after programming on the web for 23 years, the progression of technology. I've removed the technology portion.Seneca of the Night wrote:Why would I suggest you know nothing about technology?sorCrer wrote:They can. Or I could sum it up briefly.Seneca of the Night wrote:Anyone can go and read what you and I have written on this subject on this thread over the past year and make their own mind up.
Me: "I think cryptocurrencies allied with blockchain technology is the future of finance."
You: "You're a dangerous idiot who knows nothing about financial markets and I know real traders."
Concise?
It is one thing to be enthusiastic about the potential of the technology in theory.sorCrer wrote:The entire reason I'm so bullish on cryptocurrencies are because I understand the technology and after programming on the web for 23 years, the progression of technology. I've removed the technology portion.Seneca of the Night wrote:Why would I suggest you know nothing about technology?sorCrer wrote:They can. Or I could sum it up briefly.Seneca of the Night wrote:Anyone can go and read what you and I have written on this subject on this thread over the past year and make their own mind up.
Me: "I think cryptocurrencies allied with blockchain technology is the future of finance."
You: "You're a dangerous idiot who knows nothing about financial markets and I know real traders."
Concise?
Milton Friedman 1999
“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”
I'm arguing in favour of it?Santa wrote: It is one thing to be enthusiastic about the potential of the technology in theory.
That is not quite what you are doing on this thread.
“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”
November 2013 BTC Price: $250bimboman wrote:“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”
There's not a regulator in the west that's going to allow that to happen. End of. It would currently break money laundering regulations in the UK.
bimboman wrote: Yes but start trading those jars for dollars or wih a us entity and the fed will control it. What I think you currently have is lots of people with a grand in the gamble and levels reflecting so sellers as everyone is the same as you. There is no discernible value in the coin and actually retailers being able to accept the coin will perversely lower there value as the retailer looks to sell the coin for real money.
Mostly because I'm in and out of meetings and posting on my phone.Seneca of the Night wrote:You can't even hold a straight conversation.
In fact my egocentric post was whilst waiting for coffee at a take away. 
There's still no value, there's still no retail use and their price has gone up, that's my argument not yours.sorCrer wrote:November 2013 BTC Price: $250bimboman wrote:“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”
There's not a regulator in the west that's going to allow that to happen. End of. It would currently break money laundering regulations in the UK.
bimboman wrote: Yes but start trading those jars for dollars or wih a us entity and the fed will control it. What I think you currently have is lots of people with a grand in the gamble and levels reflecting so sellers as everyone is the same as you. There is no discernible value in the coin and actually retailers being able to accept the coin will perversely lower there value as the retailer looks to sell the coin for real money.
I have no doubt. I'm merely pointing out that you said this 5 years ago and we're still here. CBOE and CME have been trading BTC futures contracts for over 8 months and there have been multiple filings with the SEC for and ETF. All denied of course do concerns about market manipulation.bimboman wrote:
There's still no value, there's still no retail use and their price has gone up, that's my argument not yours.
They are still something the fed will look to control.
sorCrer wrote:I have no doubt. I'm merely pointing out that you said this 5 years ago and we're still here. CBOE and CME have been trading BTC futures contracts for over 8 months and there have been multiple filings with the SEC for and ETF. All denied of course do concerns about market manipulation.bimboman wrote:
There's still no value, there's still no retail use and their price has gone up, that's my argument not yours.
They are still something the fed will look to control.
Truth is I don't know where it will all end up but I'm convinced that a Satoshi will be worth a US cent before 2035. I may well be wrong. If I'm not, I'll have done very well.
bimboman wrote:sorCrer wrote:I have no doubt. I'm merely pointing out that you said this 5 years ago and we're still here. CBOE and CME have been trading BTC futures contracts for over 8 months and there have been multiple filings with the SEC for and ETF. All denied of course do concerns about market manipulation.bimboman wrote:
There's still no value, there's still no retail use and their price has gone up, that's my argument not yours.
They are still something the fed will look to control.
Truth is I don't know where it will all end up but I'm convinced that a Satoshi will be worth a US cent before 2035. I may well be wrong. If I'm not, I'll have done very well.
Hey you're on the inside and congrats on the money making. The points regarding liquidity, manipulation , federal or state control (and legality on money laundering) all still stand.
