Bitcoin currency of the future? | Page 13

Discussion in 'Mayberry Lounge' started by CauseImbetta, Jan 1, 2016.

  1. NoGoodNamesLeft Brown Belt

    NoGoodNamesLeft
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    i aint never ran from nothin but the police
     
    #241
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  2. sub_thug Red Belt

    sub_thug
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    Not to my knowledge, but it will all be mined and owned almost instantly
     
    #242
  3. superpunch Black Belt

    superpunch
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    I mean the encryption on it, wouldn't quantum computing render the entire currency worthless? It seems like a poor place to put your money knowing that.
     
    #243
  4. sub_thug Red Belt

    sub_thug
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    So encryption is definitely done once quantum computing happens, so you're right in that respect. I don't know if the underlying elements are subject to change, but it may become more difficult to manage them until we have quantum-resistant encryption algorithms. Interesting point!
     
    #244
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  5. CerebralKnievel Double Alpha

    CerebralKnievel
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    Hadn't seen that, but I don't believe it to be true. China has companies (which like many operations there are basically controlled by government) which are devoted entirely to large scale bitcoin mining operations. Literally just huge warehouses with thousands of machines operating around the clock.
     
    #245
  6. SupaXiaolinT White Belt

    SupaXiaolinT
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    #246
    Last edited: Sep 13, 2017
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  7. burge13 Orange Belt

    burge13
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    That Legends Room is going nowhere fast. I like crypto, love cutting out governments/banks etc but not everything (like a f*cking strip club) needs its own currency. New businesses almost certainly don't need to be 'decentralized' or have a blockchain. It's buzz words & bullsh1t that stop this stuff from really taking off. ICO's another problem
     
    #247
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  8. Zer Gold Belt

    Zer
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    My shit's tanked. Fucken China. Not the first time it's happened but still

    [​IMG]
     
    #248
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  9. WorldofWarcraft Holy Paladin

    WorldofWarcraft
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  10. WorldofWarcraft Holy Paladin

    WorldofWarcraft
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    Now's a good time to keep an eye on it til it starts rebounding and buy, buy buy

    Fuck it. I'm dropping 10k on this. This shit's got my motor going again like it did years ago
     
    #250
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  11. AGGAMEMNON66 -----------Villain-----------

    AGGAMEMNON66
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    And you just don't understand what 'tangible' means. Which is odd being that you obviously have internet access and could easily seek out the definition of the word via a quick google search. It means 'a thing that is perceptible by touch'. You either get that, or your don't. Feel free to research that word if you don't want to take my word for it though.
     
    #251
  12. dembones22 Green Belt

    dembones22
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    BITCOIN - " BECAUSE YOU WANT GREY TOOTHED EASTERN EUROPEN MAIL ORDER BRIDE DISCREETLY ".

    <VinceCa$h> .
     
    #252
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  13. CauseImbetta Brown Belt

    CauseImbetta
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    Misnomer my son. Actual cash is responsible for way more laundering and terrorism related activities.
     
    #253
  14. dembones22 Green Belt

    dembones22
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    They call me sun, because I shine like one.

    Actual cash has been around for much longer, so way to state the obvious, kindly show your self the door.

    NEEEEXT!!

    <4> .
     
    #254
  15. CauseImbetta Brown Belt

    CauseImbetta
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    Son...you need to stand up for bitcoin, otherwise you are just emboldening the parasitic banks.

    Don't be that guy.
     
    #255
  16. phisherman White Belt

    phisherman
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    This is the value that Bitcoin provides:
    1. Ability to transfer wealth almost instantly.
    2. Protected against any attacks because there's no central point to attack.
    3. Permanent and public ledger.
    4. Finite supply.

    So you have a currency that won't lose purchasing power, can be sent anywhere in the world, can't be counterfeited and everything is accountable.

    I think anyone that doubts it need to keep a more open mind to it or else you will be blockbustered out of your wealth.

    Think of it this way. There will only be 21 million Bitcoins available in the world with 7 billion plus people. If you can't see the value in that enjoy earning your low interest savings in the bank.
     
    #256
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  17. SwamiLeoni Red Belt

    SwamiLeoni
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    Im pretty heavily invested in several coins ATM. If anything, its a fun ride to be on at the moment. Not saying I have the money to burn, but the excitement of the volatility of it is really something. The more people I talk to who have never invested, have finally invested in some of it. I work in a tech heavy field and several of my co-workers are already in. I've made some good money but hopefully I make a lot more with my picks. I tried day trading but got burned by BAT. I figured I'd make more hodling than anything and so far thats turned out to be true.
     
    #257
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  18. ConnorMacGregod Orange Belt

    ConnorMacGregod
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    I love Bitcoin cause it supports criminal activities. A criminals got to eat no? If you are against criminals and hiring hitmen to control the human population then FUCK YU!!!


    Sarcasm/
     
    #258
  19. sodapopinski ↑↑↓↓←→←→B A Start

    sodapopinski
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    Two big dips recently related to China. I could see a bear market in the future. I hope not, but it would be a good time to buy if it did happen.

    China, and ICOs, have the potential to scare off newer investors. There are a shit-ton of ICOs that look like scams. I'm not a fan of them in general.
     
    #259
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  20. sodapopinski ↑↑↓↓←→←→B A Start

    sodapopinski
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    Litecoin creator caused the latest dip in the market by saying that China was going to ban Bitcoin trading. He then deleted the tweets.

    However, where there's so much smoke, there's often fire. Click on the tweet and read through the series of tweets.
     
    #260

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