One difference. In 100 years time, and most probably a lot sooner, the value of Bitcoin will be 0. Some stocks will still have value. The bitcoin has been so badly designed it will be overrun by newer generation CC, if CC will ever kick off.LexusSchmexus wrote:That's the thing about stocks... People are trading these thinking they're holding something special, when I personally don't see the difference between trading a CC and a normal stock/option. I traded stocks on a daily basis for ten years and imo you have to treat CCs the same way. Haven't bought any and don't plan to, nor do I regret not buying any in 2013 when a friend kept telling me about them.
Bitcoins worth more than gold
I've looked into quite a few of the new "alt coins" and from what I can see very few of them actually have the potential to do anything worthwhile. Ethereum seems to be better built than bitcoin but ripple(xrp) I believe has the most potential as in being worthwhile. Hopefully could give swift transfers a run for their money, can't stand their fees. 2 million dollars worth of xrp was traded in one transaction awhile ago and cost 0.25 xrp, which at the time was around 30 cents, and took a total of 8 mins end to end.Kachang wrote:One difference. In 100 years time, and most probably a lot sooner, the value of Bitcoin will be 0. Some stocks will still have value. The bitcoin has been so badly designed it will be overrun by newer generation CC, if CC will ever kick off.LexusSchmexus wrote:That's the thing about stocks... People are trading these thinking they're holding something special, when I personally don't see the difference between trading a CC and a normal stock/option. I traded stocks on a daily basis for ten years and imo you have to treat CCs the same way. Haven't bought any and don't plan to, nor do I regret not buying any in 2013 when a friend kept telling me about them.
The big crash is because China, a huge segment of the crypto currency market, is planning to shut it down.
http://www.independent.co.uk/life-style ... 61721.html
All those guys who have been using it to get their money out of the country are cashing in. If other countries get the same idea then that could pretty much be the end of crypto until bank with the right a government support steps in with a new one.
http://www.independent.co.uk/life-style ... 61721.html
All those guys who have been using it to get their money out of the country are cashing in. If other countries get the same idea then that could pretty much be the end of crypto until bank with the right a government support steps in with a new one.
- Phuket2006
- The Internet is my Friend
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The future of the world or a lost generation ... an anomaly for the history books?
https://www.nytimes.com/2018/01/13/styl ... aires.html
https://www.nytimes.com/2018/01/13/styl ... aires.html
"We are turning into a nation of whimpering slaves to Fear—fear of war, fear of poverty, fear of random terrorism, or suddenly getting locked up in a military detention camp on vague charges of being a Terrorist sympathizer." HST
- spitthedog
- Is the World Outside still there ?
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Looks to be a very high correlation between Bitcoin and Treasury bond prices, and the bond proxy Utility stocks of late.
Maybe you Bitcoin fans would be better/safer buying the hammered Utility sector IF you think Bitcoin is gonna bounce? Less scary volatility?
http://stockcharts.com/h-sc/ui?s=GBTC&p ... 3738563243
Disclaimer : Just talking bollocks as usual
Maybe you Bitcoin fans would be better/safer buying the hammered Utility sector IF you think Bitcoin is gonna bounce? Less scary volatility?
http://stockcharts.com/h-sc/ui?s=GBTC&p ... 3738563243
Disclaimer : Just talking bollocks as usual
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
invested a few quid in Lionsgold before it majored on Fintech, now with Goldbloc progressing looks like it could kick off. Happy days
http://therealasset.co.uk/gold-investme ... ed-crypto/
http://therealasset.co.uk/gold-investme ... ed-crypto/
While this is not about Bitcoin, the security of the various cryptocurrencies is a still a huge issue.
http://money.cnn.com/2018/01/29/technol ... index.html
January 29, 2018:
A cryptocurrency exchange in Japan is coming under government scrutiny after it said hackers stole $530 million from its users.
The exchange, Coincheck, has promised to partially refund the 260,000 cryptocurrency investors affected by the theft, although it didn't say when it would do so or where it's getting the money from.
The hacking at Coincheck, which bills itself on its website as "the leading bitcoin and cryptocurrency exchange in Asia," came to light over the weekend. If confirmed, it's expected to rank as the biggest such theft on record, eclipsing the estimated $400 million in bitcoin stolen from Mt Gox in 2014.
Coincheck said the hackers stole customer deposits of NEM, a less well known digital currency.
The exchange promised to use cash from its own funds to pay out ¥46.3 billion ($426 million) toward covering its users' losses. That's about 20% less than the total value of the virtual tokens that were stolen.
Coincheck said in a blog post that the hack "has caused immense distress to our customers, other exchanges, and people throughout the cryptocurrency industry."
"We would like to offer our deepest and humblest apologies to all of those involved," the exchange said. It has currently suspended trading in all virtual currencies apart from bitcoin.
The price of NEM plunged almost 20% after the theft came to light over the weekend, but it has since recovered those losses.
Coincheck didn't respond to repeated requests for comment on how exactly it will fund the customer refunds.
http://money.cnn.com/2018/01/29/technol ... index.html
"The final straw actually involved my mortal enemy vladimir, who you may or may not know is an insufferable, overposting asshat."
Security of the exchanges, big difference.Edwardo wrote:While this is not about Bitcoin, the security of the various cryptocurrencies is a still a huge issue.
January 29, 2018:
A cryptocurrency exchange in Japan is coming under government scrutiny after it said hackers stole $530 million from its users.
The exchange, Coincheck, has promised to partially refund the 260,000 cryptocurrency investors affected by the theft, although it didn't say when it would do so or where it's getting the money from.
The hacking at Coincheck, which bills itself on its website as "the leading bitcoin and cryptocurrency exchange in Asia," came to light over the weekend. If confirmed, it's expected to rank as the biggest such theft on record, eclipsing the estimated $400 million in bitcoin stolen from Mt Gox in 2014.
Coincheck said the hackers stole customer deposits of NEM, a less well known digital currency.
The exchange promised to use cash from its own funds to pay out ¥46.3 billion ($426 million) toward covering its users' losses. That's about 20% less than the total value of the virtual tokens that were stolen.
Coincheck said in a blog post that the hack "has caused immense distress to our customers, other exchanges, and people throughout the cryptocurrency industry."
"We would like to offer our deepest and humblest apologies to all of those involved," the exchange said. It has currently suspended trading in all virtual currencies apart from bitcoin.
The price of NEM plunged almost 20% after the theft came to light over the weekend, but it has since recovered those losses.
Coincheck didn't respond to repeated requests for comment on how exactly it will fund the customer refunds.
http://money.cnn.com/2018/01/29/technol ... index.html
Okay. But whether the thefts occur from major exchanges or from your e-wallet, the fact that your cryptocurrency can be disappeared by some hacker from across the globe leaving you with no recourse would seem a huge concern for me. I've had money withdrawn from my bank account apparently from an ATM skimming incident, but was quickly able to identify it and got reimbursed by my bank immediately. Try that with Bitcoin or Coincheck or whatever.Gardiguy wrote:Edwardo wrote:While this is not about Bitcoin, the security of the various cryptocurrencies is a still a huge issue.
Security of the exchanges, big difference.
"The final straw actually involved my mortal enemy vladimir, who you may or may not know is an insufferable, overposting asshat."
Well, the difference is that if you are holding crypto on an exchange you technically don't own it. If you plan on holding on to it long term instead of daytrading you can have a physical wallet that will take your crypto completely offline.Edwardo wrote:Okay. But whether the thefts occur from major exchanges or from your e-wallet, the fact that your cryptocurrency can be disappeared by some hacker from across the globe leaving you with no recourse would seem a huge concern for me. I've had money withdrawn from my bank account apparently from an ATM skimming incident, but was quickly able to identify it and got reimbursed by my bank immediately. Try that with Bitcoin or Coincheck or whatever.Gardiguy wrote:Edwardo wrote:While this is not about Bitcoin, the security of the various cryptocurrencies is a still a huge issue.
Security of the exchanges, big difference.
Also, some exchanges guarantee your money saying they are insured but no one has really ever had to put them to the test on that so remains to be seen, especially in light of the recent hack.Gardiguy wrote:Well, the difference is that if you are holding crypto on an exchange you technically don't own it. If you plan on holding on to it long term instead of daytrading you can have a physical wallet that will take your crypto completely offline.Edwardo wrote:Okay. But whether the thefts occur from major exchanges or from your e-wallet, the fact that your cryptocurrency can be disappeared by some hacker from across the globe leaving you with no recourse would seem a huge concern for me. I've had money withdrawn from my bank account apparently from an ATM skimming incident, but was quickly able to identify it and got reimbursed by my bank immediately. Try that with Bitcoin or Coincheck or whatever.Gardiguy wrote:Edwardo wrote:While this is not about Bitcoin, the security of the various cryptocurrencies is a still a huge issue.
Security of the exchanges, big difference.
" a physical wallet that will take your crypto completely offline."
and that wallet is enabled by closed code java who at any time may decide they like very much what you got?
this just passed recently too
"Today the hot item is Spectre and Meltdown. It's a class of vulnerabilities caused by CPU bugs that allows an adversary to steal sensitive data, even without any software bugs. Nice."
seems a never ending line up of new vulnerabilities that seemingly are introduced by malefactors be they state agencies or otherwise
have been wondering if this recent hack of the Coincheck exchange was by people who knew how to exploit the CPU bugs mentioned
and that wallet is enabled by closed code java who at any time may decide they like very much what you got?
this just passed recently too
"Today the hot item is Spectre and Meltdown. It's a class of vulnerabilities caused by CPU bugs that allows an adversary to steal sensitive data, even without any software bugs. Nice."
seems a never ending line up of new vulnerabilities that seemingly are introduced by malefactors be they state agencies or otherwise
have been wondering if this recent hack of the Coincheck exchange was by people who knew how to exploit the CPU bugs mentioned
no replying to those who misinterpret/misread what i write. this aint kindergarten
Sigh, a brave new world, no turning back now though. Too much momentum going forwards, I think that things are going to get realllllly messy before things start to clear up regarding crypto and tech in general.sociopath wrote:" a physical wallet that will take your crypto completely offline."
and that wallet is enabled by closed code java who at any time may decide they like very much what you got?
this just passed recently too
"Today the hot item is Spectre and Meltdown. It's a class of vulnerabilities caused by CPU bugs that allows an adversary to steal sensitive data, even without any software bugs. Nice."
seems a never ending line up of new vulnerabilities that seemingly are introduced by malefactors be they state agencies or otherwise
have been wondering if this recent hack of the Coincheck exchange was by people who knew how to exploit the CPU bugs mentioned
Or the original designers of the crytocurrency or exchanges themselves coding in a backdoor.sociopath wrote:have been wondering if this recent hack of the Coincheck exchange was by people who knew how to exploit the CPU bugs mentioned
"The final straw actually involved my mortal enemy vladimir, who you may or may not know is an insufferable, overposting asshat."
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