Serious. I presume you know how it works technically etc?

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.

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.

SorCrer

Do you guys use venmo in SA for person to person transactions?

There is a version or similar called Slide. But no, I've never heard of it being used.

Very popular here

What can they do?

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.

BitCoin was a bubble. That's pretty obvious, no? That doesn't mean it won't stabalize and mabye even be useful in the future, mind you.

As far as the other quotes go, it's cherry-picking. Obviously there have been thousands have fads that were once big and then dissapeared almost out of all human thought.

I was listening to that BitCoin guru guy a while back. I can't remember his name. But he predicted huge swings to come. He even predicted that it might drop in price to be worth nearly nothing, and be totally written off before properly stabalizing, being constantly improved, etc. making a cautious come-back and eventually adopted as a useful technology sometime in the not-too-near future.

Personally, I don't know if it's going to be BitCoin specifically, but I'd be pretty surprised if we didn't see huge technological innovations in our currency systems in the future. I mean - that's the case for virtually everything else. I don't know why currencies and banking should be immune. One day bankers might be like the guys who used to make buggy whips. i.e. history. An obsolete profession.

Some of these articles are truly hilarious in retrospect. "Finnancial experts" at work...

https://99bitcoins.com/bitcoinobituaries/page/15/

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.

Bitcoin was in a bubble last year because it's obsolete. There are a few ad hoc solutions to its obsolescence, but 1) these solutions will be beaten to market by more coherent solutions and 2) Bitcoin requires forks to have anything other than ad hoc, second layer solutions. The crypto market overall is not in a bubble, however, and financial entities from Deloitte to Christine LaGarde are positive about the long to medium term future of blockchains and DLTs. Deloitte, for instance has predicted that the market cap of blockchain or blockchain-like tokens will reach between 5 and 10 trillion in the next 5 years. Or, that 10% of global GDP will be stored on blockchains by 2025 (no mention of whether or not they predict these will be decentralized, however) https://twitter.com/Deloitte/status/866 ... gr%5Etweet

I won't shill all of what I predict will last the distance after the dust settles, but, for one example, the IOTA DAG has just had its first IOTA vehicle charging station installed in the Netherlands. VW, too, which is an official partner of IOTA, has announced that it will cover the US with charging infrastructure. IOTA is not my only guess, but it has major industry backing, is being tested in major cities in smart city programs (Taipei and partially Tokyo), and is well supported by German government insiders (and has legal Stiftung status in Germany). It may not succeed, and I may have placed the wrong bets, but it seems that people much smarter than any of us, with a lot more access to industry information, power and influence, are putting some faith in a blockchain-like technology, which is decentralized (well, kind of), to be a part of the future economy.

There'll be plenty of volatility along the way, much more than in any traditional markets, but these technologies are, in some cases, being rolled out, and adoption will depend on manufacturers who create the products we choose between.

Roubini shating this.

https://medium.com/cryptomedication/uncovering-the-real-cartel-in-bitcoin-65b56a7a00a2

We're all well aware of tether issue and the relationship it has with Bitfinex. Roubini's 'revelations' are nothing new. In fact, if tether blows up the price will plummet. Not all exchanges use tether, I've never used it or needed to.

And that opinion piece is full of outright lies.

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 ?

So your counter-argument to a 4000 word opinion piece with about 30 linked articles is a laughing emoji...... Way to sell your point of view.

Nah I was in bed and on my phone.

Start at:

Bitfinex has just recently opened their website to accept new exchange accounts again (which was spontaneously closed on December 21st — odd timing, right?).

No idea if this is new news, old news, confirmation or what.

http://thehill.com/policy/technology/39 ... 017-run-up



Abstract here



https://papers.ssrn.com/sol3/papers.cfm ... id=3195066

The long slow ride to zero.

https://www.thedailybeast.com/steve-bannon-buys-into-bitcoin-wants-to-create-deplorables-coin

Interested Sen?

Gobble gobble

all you need to know about bitcoin you can learn from this episode of Silicon Valley - one of the funniest episodes of the season....


https://www.youtube.com/watch?v=GrEjaZw95kI

https://www.youtube.com/watch?v=gz7IPTf1uts

Bitcoin could be a keeper and even then 1 bitcoin could be worth 1 dollar

What is the bitcoin to semidetached exchange rate at the moment?

Perhaps I can interest you in some Tango and Bitcash?

https://www.coindesk.com/kurt-russell-going-cryptocurrency-movie/

Crypto's a disease. I'm the cure.

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.

What are these applications exactly? I mean specifically, where are the blockchain killer applications outside of facillitating criminal transactions and unregulated speculation? Surely we should be seeing the start of blockchain based disruptive applications like Uber, ebay, amazon, google, etc. if the distributed ledger/blockchain hype had any basis in reality?

I'm happy that people like you are hyping the technology - it's good for my business as every CIO/CTO feels they have to pitch money at a DL/smart contract project but the more I've been involved in the technology, the more obvious it is that it has close to fück all actual application for business and commerce. None of the headline grabbing prototypes/projects are leading to any real deployment.

Soon it will be : €100 of Bitcoin in 2010 = €10 today

Can you post he article. Thx.

52-week High: 3.3153

52-week Low: 0.1500

current 0.33

Although I must admit I could be tempted to punt £100 on this

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.

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.

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.

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.

Who do you think manipulated it?

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.

The advice has always been only invest what you can afford to lose.