Bitcoin (cryptocurrency)

Blue Mist

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Joined
14 Aug 2005
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If you've got nothing to do, don't do it here.
Lily Allen was the best when they offered to pay her for a concert in Bitcoin, if she accepted she would be a billionaire now running 5 star refugee camps in Calais.
That shows how, if you are not internet savvy you can lose out big style. I am sure it was Sting that announced he was only going to release an LP for download on the net. At the time everyone was doing cd's and said he was stupid, I bet he is glad he didn't listen to them.
 

Gaudion M

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5 Sep 2014
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9,636
This was on his hard drive if I remember right, threw out his old pc no chance he finds it now.
I guess this just illustrates the point that there is nothing behind it. If you lose your bank log in details then you can walk into a bank branch with your ID and after some hassle you will get there in the end. With Crypto there is nothing.
 

Craig

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23 Jul 2006
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4,071
Has to happen, Bitcoin is holding all the others back. Can never be mass adopted when everyday use would be people trying to understand what 0.0000387 satoshi is haha.
Any coins you think have particularly good potential at the moment?
 

bugsyblue

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Joined
7 May 2009
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6,996
So the worth of Bitcoin is measured in tangible currency which is the very thing it’s supposed to replace? Glad we got that sorted.

Not only that but there are 100s of competing “coins” so it’s not even as if there is a standard coin everyone can get behind. Until volatility is brought under some control these bitcoins have zero chance of being anything but the play thing of speculators and geeks who want to apply real world terms like “mining” and “coin” to a digital token to try and give them some credibility. I tried to get long volatility in this shit a while back but no one wants the other side of that trade at a price that doesn’t put me massively offside to start with.

You're speaking to me like I was arguing against this point or something. You're absolutely right, what Bitcoin was conceived as has morphed into something it was never supposed to be. Happens with a lot of technology.
 

metalblue

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26 May 2005
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6,911
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Experience is a terrible teacher, it gives the exa
You're speaking to me like I was arguing against this point or something. You're absolutely right, what Bitcoin was conceived as has morphed into something it was never supposed to be. Happens with a lot of technology.

Wasn’t particularly aimed at you mate. I hear this a lot, “you don’t understand Bitcoin it’s going to replace fiat currencies…” next breathe, “I made $1000 today from Bitcoin”. The irony is somehow lost.

I agree with your sentiment - it’s a shame really because beneath all the noise and nonsense lurks an interesting concept.
 

Craig

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Joined
23 Jul 2006
Messages
4,071
Not Luna :-)
Ha, Luna will be fine long term. The airdrops alone from all the new coins they’ll launch would cover Luna purchases within a year without touching original Luna bought.
 

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