sorCrer wrote:https://www.forbes.com/sites/panosmourd ... oin-again/
Refer link to Wall Street Journal.
Hardly dead?
Nothing days replacing the petrodollar like Dunoon doughnuts.
sorCrer wrote:https://www.forbes.com/sites/panosmourd ... oin-again/
Refer link to Wall Street Journal.
Hardly dead?
When you say buying into it, do you mean using it as a currency or speculating on it. It’s probably both.sorCrer wrote:BTC at its current price is 10x what it was when we first started talking about it on here. A 'cryptocurrency' or derivative will replace hard currency. Despite the negativity around BTC for example, more and more of the younger generation are buying into it.Anonymous. wrote:And Bitcoin at around 10c to a dollar will be a winnersorCrer wrote:Tulip fever never happened the way you may think it did.
I think you completely under estimate the power of government over society.bimboman wrote:sorCrer wrote:BTC at its current price is 10x what it was when we first started talking about it on here. A 'cryptocurrency' or derivative will replace hard currency. Despite the negativity around BTC for example, more and more of the younger generation are buying into it.Anonymous. wrote:And Bitcoin at around 10c to a dollar will be a winnersorCrer wrote:Tulip fever never happened the way you may think it did.
It will only happen when the three or four largest powers allow it to happen. You get that right ?
Buying into the concept of cryptocurrency or a derivative.FairWeather_Aussie wrote:When you say buying into it, do you mean using it as a currency or speculating on it. It’s probably both.sorCrer wrote:BTC at its current price is 10x what it was when we first started talking about it on here. A 'cryptocurrency' or derivative will replace hard currency. Despite the negativity around BTC for example, more and more of the younger generation are buying into it.Anonymous. wrote:And Bitcoin at around 10c to a dollar will be a winnersorCrer wrote:Tulip fever never happened the way you may think it did.
I'm of the opinion it's here to stay. I just think that it's value continues to plummet you will keep saying how much more it's worth now than it was way back when. Just as you have been doing for the best part of a year.sorCrer wrote:https://www.forbes.com/sites/panosmourd ... oin-again/
Refer link to Wall Street Journal.
Hardly dead?
sorCrer wrote:I think you completely under estimate the power of government over society.bimboman wrote:sorCrer wrote:BTC at its current price is 10x what it was when we first started talking about it on here. A 'cryptocurrency' or derivative will replace hard currency. Despite the negativity around BTC for example, more and more of the younger generation are buying into it.Anonymous. wrote:And Bitcoin at around 10c to a dollar will be a winnersorCrer wrote:Tulip fever never happened the way you may think it did.
It will only happen when the three or four largest powers allow it to happen. You get that right ?
I've been posting positively about cryptocurrencies on here since 2014. It clearly isn't worth more now then it was a year ago but it has born the brunt of a continuous onslaught from more established financial thinking (understandably) and survived thus far.Anonymous. wrote:I'm of the opinion it's here to stay. I just think that it's value continues to plummet you will keep saying how much more it's worth now than it was way back when. Just as you have been doing for the best part of a year.sorCrer wrote:https://www.forbes.com/sites/panosmourd ... oin-again/
Refer link to Wall Street Journal.
Hardly dead?
There are many things that you can't physically hold today that have value.FairWeather_Aussie wrote:Sorcerer,
What do you think is the value of bitcoin, other than what you believe someone will pay you more for it? Tulips are beautiful, they look great when tryin to spice up your apartment without being too unmanly about it but I fail to see what cryptocurrencies have overtulips. I mean I can’t even hold them. Some of the logo’s are nice, but not quite as nice as a lovely red and yellow arrangement of tulips.
Well played. That made me laugh.sorCrer wrote:There are many things that you can't physically hold today that have value.FairWeather_Aussie wrote:Sorcerer,
What do you think is the value of bitcoin, other than what you believe someone will pay you more for it? Tulips are beautiful, they look great when tryin to spice up your apartment without being too unmanly about it but I fail to see what cryptocurrencies have overtulips. I mean I can’t even hold them. Some of the logo’s are nice, but not quite as nice as a lovely red and yellow arrangement of tulips.
E.g
The Dragon Lore style of AWP is the most expensive CS:GO skin ever sold – in January 2018 it was sold for $61,052.63. Of course, it wasn’t a usual Dragon Lore, but a souvenir one with a unique set of stickers: PGL, G2 Esports, Cloud9, and Tyler “Skadoodle” Latham, who was MVP at the Boston Major 2018 and played for Cloud9, the winner of the tournament. This skin is one of a kind, there are no more of its type.
https://www.google.com/amp/s/skins.cash ... skins/amp/
Other than buying illicit goods online, wtf do you need to use it for?FairWeather_Aussie wrote: But as a serious question, I would like to understand what or where bitcoin holders believe its value value comes from?
Real time, borderless transactions/store of value?Rumham wrote:Other than buying illicit goods online, wtf do you need to use it for?FairWeather_Aussie wrote: But as a serious question, I would like to understand what or where bitcoin holders believe its value value comes from?
How is it a store of value?sorCrer wrote:Real time, borderless transactions/store of value?Rumham wrote:Other than buying illicit goods online, wtf do you need to use it for?FairWeather_Aussie wrote: But as a serious question, I would like to understand what or where bitcoin holders believe its value value comes from?
Shouldn’t you say a speculation you think someone will pay more for in the future?sorCrer wrote:Real time, borderless transactions/store of value?Rumham wrote:Other than buying illicit goods online, wtf do you need to use it for?FairWeather_Aussie wrote: But as a serious question, I would like to understand what or where bitcoin holders believe its value value comes from?
sorCrer wrote:Real time, borderless transactions/store of value?Rumham wrote:Other than buying illicit goods online, wtf do you need to use it for?FairWeather_Aussie wrote: But as a serious question, I would like to understand what or where bitcoin holders believe its value value comes from?
There are many, many services offering this.sorCrer wrote:Real time, borderless transactions/store of value?Rumham wrote:Other than buying illicit goods online, wtf do you need to use it for?FairWeather_Aussie wrote: But as a serious question, I would like to understand what or where bitcoin holders believe its value value comes from?
Hasn't it only been the arrival of the Lightning Network that has allowed real time transactions?Rumham wrote:There are many, many services offering this.sorCrer wrote:Real time, borderless transactions/store of value?Rumham wrote:Other than buying illicit goods online, wtf do you need to use it for?FairWeather_Aussie wrote: But as a serious question, I would like to understand what or where bitcoin holders believe its value value comes from?
But the issue is I value actual currency over this fad. So there is no store of value whatsoever.
If you consider a sieve to be a store of water then you consider Bitcoin to be a store of value.bimboman wrote:sorCrer wrote:Real time, borderless transactions/store of value?Rumham wrote:Other than buying illicit goods online, wtf do you need to use it for?FairWeather_Aussie wrote: But as a serious question, I would like to understand what or where bitcoin holders believe its value value comes from?
It's not performing as a store of value.
There are? I presume they use a trusted 3rd party?Rumham wrote:There are many, many services offering this.sorCrer wrote:Real time, borderless transactions/store of value?Rumham wrote:Other than buying illicit goods online, wtf do you need to use it for?FairWeather_Aussie wrote: But as a serious question, I would like to understand what or where bitcoin holders believe its value value comes from?
But the issue is I value actual currency over this fad. So there is no store of value whatsoever.
If you are the sort of person who can't budget well enough that you need this sort of urgent liquidity then maybe you aren't the financial expert we needkiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.
You're taking the piss a bit now, yes?sewa wrote:If you are the sort of person who can't budget well enough that you need this sort of urgent liquidity then maybe you aren't the financial expert we needkiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.
Nope, given I am an adult who can manage my finances why would I consider this a major perk? I actually keep my savings in a 30 day notice account. A bit of financial discipline is no big dealsorCrer wrote:You're taking the piss a bit now, yes?sewa wrote:If you are the sort of person who can't budget well enough that you need this sort of urgent liquidity then maybe you aren't the financial expert we needkiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.![]()
Here, this makes pleasant viewing for a change:
https://coin360.com/
I'm glad you're an adult interacting with other adults on here. OOI, what are the terms of access to the notice account? Instant withdrawal?sewa wrote:Nope, given I am an adult who can manage my finances why would I consider this a major perk? I actually keep my savings in a 30 day notice account. A bit of financial discipline is no big dealsorCrer wrote:You're taking the piss a bit now, yes?sewa wrote:If you are the sort of person who can't budget well enough that you need this sort of urgent liquidity then maybe you aren't the financial expert we needkiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.![]()
Here, this makes pleasant viewing for a change:
https://coin360.com/
Thats nice. However, I fail to see how this mitigates needing cash in the immediate future for an emergency or other pressing expense? Transferring money between international bank accounts in South Africa is not a simple task and is costly.sewa wrote:I have to inform the bank 30 days in advance if I want to remove funds. It's a great way to save, removes the temptation for impulse buying. It used to also attract higher rates of interest (sadly these are about 0%)
Well that's my core savings. I run a balance on my cash card each month and keep my credit card clear just in case. I can imagine its different in other countries oksorCrer wrote:Thats nice. However, I fail to see how this mitigates needing cash in the immediate future for an emergency or other pressing expense? Transferring money between international bank accounts in South Africa is not a simple task and is costly.sewa wrote:I have to inform the bank 30 days in advance if I want to remove funds. It's a great way to save, removes the temptation for impulse buying. It used to also attract higher rates of interest (sadly these are about 0%)
WTF? I was speaking of the speed of the transaction and no more. I had purchased some more LTC on an exchange and was moving it to an off exchange wallet.sewa wrote:If you are the sort of person who can't budget well enough that you need this sort of urgent liquidity then maybe you aren't the financial expert we needkiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.
The problem is that the critics on this thread by far and large have zero actual practical experience in using cryptocurrencies and are attacking the concept.kiwinoz wrote:WTF? I was speaking of the speed of the transaction and no more. I had purchased some more LTC on an exchange and was moving it to an off exchange wallet.sewa wrote:If you are the sort of person who can't budget well enough that you need this sort of urgent liquidity then maybe you aren't the financial expert we needkiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.
Yes look mate I sincerely hope it's niche or else:kiwinoz wrote:It is also separating blockchain from cryptos and understanding the difference. I am working with a couple of clients on using the blockchain within their supply chain and not one BTC is involved.
derriz wrote:Outside of some tiny tiny niches, you'd be mad to consider building any application on blockchain.
Amazing. I'm abroad and I just went to an ATM machine and transferred cash from my home bank acount into my wallet. Took about 20 seconds. Better still, there are real banks involved so if I get ripped off or my card get's stolen I don't lose out.kiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.
Nice so you drew cash? And if I had to send you cash right now from South Africa? What approach would you recommend for that?derriz wrote:Amazing. I'm abroad and I just went to an ATM machine and transferred cash from my home bank acount into my wallet. Took about 20 seconds. Better still, there are real banks involved so if I get ripped off or my card get's stolen I don't lose out.kiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.
Not bitcoin.sorCrer wrote:Nice so you drew cash? And if I had to send you cash right now from South Africa? What approach would you recommend for that?derriz wrote:Amazing. I'm abroad and I just went to an ATM machine and transferred cash from my home bank acount into my wallet. Took about 20 seconds. Better still, there are real banks involved so if I get ripped off or my card get's stolen I don't lose out.kiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.
Have you actually tried building a blockchain/smart contract based application? Come back to me when you have. Or I can save you the trouble - it's a load of bollox. And it's not just my experience - in the last 4 years billions have been spent on trying to build blockchain based aplications with nothing except a bunch of whitepapers and hype. Most projects have been cancelled - the ASX settlement system is about the only one I've heard of that hasn't been parked or killed after the proof-of-concept stage.sorCrer wrote:Yes look mate I sincerely hope it's niche or else:kiwinoz wrote:It is also separating blockchain from cryptos and understanding the difference. I am working with a couple of clients on using the blockchain within their supply chain and not one BTC is involved.
derriz wrote:Outside of some tiny tiny niches, you'd be mad to consider building any application on blockchain.
SA is a 3rd world country. This seems to be the root of most of your issues.sorCrer wrote:Nice so you drew cash? And if I had to send you cash right now from South Africa? What approach would you recommend for that?derriz wrote:Amazing. I'm abroad and I just went to an ATM machine and transferred cash from my home bank acount into my wallet. Took about 20 seconds. Better still, there are real banks involved so if I get ripped off or my card get's stolen I don't lose out.kiwinoz wrote:Just transferred LTC from US to my personal account. Instant. If I tried to move the equivalent in $ would take 1 to 2 days to show up in my account. Better still no third party ie a bank was needed or involved.