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Old 02-15-2013, 11:41 AM  
ChiefRocka ChiefRocka is offline
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Bitcoin Take?
Bitcoin disrupts gold
Ethereum disrupts financial services
There will be others...


Last edited by ChiefRocka; 03-06-2024 at 06:51 AM..
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Old 05-27-2017, 06:18 PM   #211
MahiMike MahiMike is offline
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Originally Posted by scho63 View Post
I'm a pretty smart guy who can usually understand things after being explained to me once, if not twice for sure.

This whole cryptocurrency backed by nothing confounds the hell out of me too.

I can't help but correlate this to the great "Tulip Bulb" craze in Holland hundreds of years ago that destroyed many.
Actually no crazier than the US dollar. It's just paper they can print more of.
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Old 05-27-2017, 06:31 PM   #212
Hog's Gone Fishin Hog's Gone Fishin is offline
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Been trying to study this on the interweb and it always brings me back to one site:

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Old 05-27-2017, 08:11 PM   #213
BWillie BWillie is online now
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Originally Posted by MahiMike View Post
Actually no crazier than the US dollar. It's just paper they can print more of.
And they dont keep printing more which devalues USD. Honestly bitcoin could be a lower cost for governments to accept as currency. No overhead for them, no cost to produce or maintain.

You can even print out bitcoin and have it only available as paper money if you are scared
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Old 05-28-2017, 06:47 AM   #214
ChiefRocka ChiefRocka is offline
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"If you're Offered a Seat on a Rocket Ship, You Don't Ask What Seat. You Just Get On"

New technology, tough to comprehend, is changing legacy industrial landscape. No doubt this is another Dot Com bubble in the making...there will be winners and many losers.

https://medium.com/@balajis/thoughts...s-436109aabcbe
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ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
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Old 05-31-2017, 12:36 AM   #215
BossChief BossChief is offline
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Quote:
Originally Posted by Iowanian View Post
I mean...this seems like Bernie Madoff shit....smoke and mirrors....purchasing make beli ve money that is supported by nothing I can see. It's not backed by gold...or the US dollar for example.

I guess I haven't studied it because it seeems like a suckers racket to me. I'd like it explained in plain English.
US currency isn't really backed by gold anymore, either.

It's a confidence based system.

Been that way for awhile now.
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Old 06-04-2017, 07:51 PM   #216
Hootie Hootie is offline
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Thanks to this thread - I got in on Ethereum just in time.

ON ANOTHER NOTE : HOW FILTHY RICH MUST CHIEFROCKA BE?!

If he didn't sell, and kept acquiring crypto, good Lord?! We're talking millions. I hope that's the case, my man!
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Old 06-05-2017, 04:54 AM   #217
ChiefRocka ChiefRocka is offline
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ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
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Old 06-05-2017, 07:05 AM   #218
jallmon jallmon is offline
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What in the world does this thread have to do with Alex?
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Old 06-05-2017, 07:07 AM   #219
jallmon jallmon is offline
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I will listen to the TED video, though, Bitcoins are interesting. Thank you for the video.
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Old 06-05-2017, 11:39 AM   #220
mszymko mszymko is offline
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Originally Posted by Hootie 8.0 View Post
Thanks to this thread - I got in on Ethereum just in time.

ON ANOTHER NOTE : HOW FILTHY RICH MUST CHIEFROCKA BE?!

If he didn't sell, and kept acquiring crypto, good Lord?! We're talking millions. I hope that's the case, my man!

My friend keeps trying to teach me about this, how well are you guys doing on these crypto currencies and how much time do i have to get in?
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Old 06-05-2017, 04:27 PM   #221
TambaBerry TambaBerry is offline
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My friend keeps trying to teach me about this, how well are you guys doing on these crypto currencies and how much time do i have to get in?
I bought two grand worth of ethereum when it was sitting at 43$. It's now worth almost 12k. I fully expect it to surpass Bitcoins value.
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Old 06-10-2017, 10:27 AM   #222
Jewish Rabbi Jewish Rabbi is offline
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Ethereum just hit $300. Sure wish I put more than $500 in it a few months ago.
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Old 06-10-2017, 11:49 AM   #223
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Is it still on the rise? I'd like to get I on it but worry I missed the boat
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Old 06-10-2017, 02:25 PM   #224
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Is it still on the rise? I'd like to get I on it but worry I missed the boat
I bought more today. I really think we'll see at least $1000 by the end of the year. But if I knew that for sure I'd be taking out loans to buy it up lol.
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Old 06-10-2017, 02:46 PM   #225
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Is it still on the rise? I'd like to get I on it but worry I missed the boat
Up over $70 just this week alone
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