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Old 02-15-2013, 11:41 AM  
ChiefRocka ChiefRocka is offline
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Bitcoin Take?
The natural evolution of money is Bitcoin

https://twitter.com/thebtctherapist/...035052024?s=46
Last edited by ChiefRocka; 11-13-2024 at 06:11 AM..
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Old 12-17-2020, 12:36 AM   #2041
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Old 12-17-2020, 12:48 AM   #2042
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It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.
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Old 12-17-2020, 01:18 AM   #2043
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Originally Posted by Halfcan View Post
It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.
I don’t personally dabble in crypto, but I’m not really sure why it’s crazy. It’s ultimately no different than most financial derivatives trading. The underlying asset isn’t what’s important, it’s the change in price.
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Old 12-17-2020, 01:41 AM   #2044
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It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.
People still think like this? .
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Old 12-17-2020, 08:37 AM   #2045
Jewish Rabbi Jewish Rabbi is offline
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It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.
Do you have a bank account?
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Old 12-17-2020, 08:38 AM   #2046
loochy loochy is online now
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Originally Posted by Halfcan View Post
It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.

real money? How is it real? Dollar is a fiat currency and has no actual value. Your precious dollar is quite "virtual" as well.
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Old 12-17-2020, 09:21 AM   #2047
jjuliajul11 jjuliajul11 is offline
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I'm really questioning the level of commitment of CP regarding this thread
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Old 12-17-2020, 09:27 AM   #2048
ChiefRocka ChiefRocka is offline
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I think a good analogy would be to think of an excel spreadsheet in the sky to which accounts are simply cells in that spreadsheet and banks control access to those cells as well as the overall supply of cash in that spreadsheet (printing more at will as they choose).

A blockchain backed crypto currency would be that same spreadsheet in the sky where any user has access to cells in that spreadsheet by creating a "wallet" and controlling the spending of cash from those cells by using a private key to unlock that cell. The supply of cash is predetermined based on consensus protocol backing that spreadsheet and is agreed upon by its users. They partake and secure the spreadsheet because of the rules or "formulas" controlling it.

i.e We trust banks with our money. Blockchain is trustless in its native design.
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Old 12-17-2020, 09:54 AM   #2049
Hog's Gone Fishin Hog's Gone Fishin is offline
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Quote:
Originally Posted by ChiefRocka View Post
I think a good analogy would be to think of an excel spreadsheet in the sky to which accounts are simply cells in that spreadsheet and banks control access to those cells as well as the overall supply of cash in that spreadsheet (printing more at will as they choose).

A blockchain backed crypto currency would be that same spreadsheet in the sky where any user has access to cells in that spreadsheet by creating a "wallet" and controlling the spending of cash from those cells by using a private key to unlock that cell. The supply of cash is predetermined based on consensus protocol backing that spreadsheet and is agreed upon by its users. They partake and secure the spreadsheet because of the rules or "formulas" controlling it.

i.e We trust banks with our money. Blockchain is trustless in its native design.
I'm curious Mr. ChiefRocka , since you started this thread did you get in early and at what price??

Gee , I wish I'd bought 100 coins at $4. Story of everyones life.
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Old 12-17-2020, 10:06 AM   #2050
ChiefRocka ChiefRocka is offline
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I'm curious Mr. ChiefRocka , since you started this thread did you get in early and at what price??

Gee , I wish I'd bought 100 coins at $4. Story of everyones life.
Call my father Mister. Bitcoin in 2014, Ethereum in 2015

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Old 12-17-2020, 10:14 AM   #2051
Demonpenz Demonpenz is offline
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My gut says ltc gets to 160 in 4 months and xrp to .80 that is just my feeling
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Old 12-17-2020, 10:16 AM   #2052
Demonpenz Demonpenz is offline
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I didn't pull the trigger. There's too much energy fueling this and I was overthinking what happened last ATH. Last halving is settling in too.
Smart
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Old 12-17-2020, 10:17 AM   #2053
ChiefRocka ChiefRocka is offline
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My gut says ltc gets to 160 in 4 months and xrp to .80 that is just my feeling
Ride the pumps but get out of these coins permanently within the next year. They offer nothing.
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Old 12-17-2020, 11:38 AM
eDave
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Old 12-17-2020, 08:25 PM   #2054
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Old 12-21-2020, 06:36 PM   #2055
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Moved most of my remaining crypto from bitcoin to ethereum a couple months ago. Of course bitcoin takes off while ethereum moves at a snail's pace. crypto makes zero sense.
Yeah ..... This was stupid as hell.
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