Bitcoin currency of the future?

sub_thug said:
Not to my knowledge, but it will all be mined and owned almost instantly
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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.
 
superpunch said:
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.
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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!
 
5crew said:
Did you guys read about China possibly banning BTC/ETH from last Friday news? There are alot of FUDing and everyone is hoping for a more confirmed words from China today but it's almost Tuesday for Asia countries now and still no words other than articles repeating the Friday news.
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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.
 
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SupaXiaolinT said:
NY BadAss and American Psycho in business with Bitcoin:

https://www.fightersonlymag.com/latest-news/new-york-bad-ass-american-psycho-legends-room/
https://middleeasy.com/mma-news/phil-baroni-stephan-bonnar-introduce-future-strip-clubs/

Baroni got a bunch of bitcoins when fighting with ONE FC. Then forgot about it until years later, after it jumped in value.
He used the proceeds to open up a bitcoin stripclub with Bonnar.
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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
 
My shit's tanked. Fucken China. Not the first time it's happened but still

tenor.gif
 
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
 
sub_thug said:
I hate to be that guy, but I'm getting painted into a corner here: you just don't understand the technology. Bitcoin is a finite resource that cannot be recreated unless you somehow build a new global internet from scratch. It is as real as anything else in the world, even though it must be accessed in a digital state. At this point, you either get that or you don't. Feel free to research it if you don't want to take my word for it though.
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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.
 
CauseImbetta said:
I think bitcoin is taking off (virtual currency) worth over $400 and serves as a hedge against inflation and fiat currency. I got some for $100 and made a lot. The USA now recognizes it as a valid commodity. I can buy a coffee at a store with my bitcoin.

What do you think? Here look at the myths of Bitcoin, I don't trust currency that can be artificially printed:

https://en.bitcoin.it/wiki/Myths
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BITCOIN - " BECAUSE YOU WANT GREY TOOTHED EASTERN EUROPEN MAIL ORDER BRIDE DISCREETLY ".

<VinceCa$h> .
 
CauseImbetta said:
Misnomer my son. Actual cash is responsible for way more laundering and terrorism related activities.
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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> .
 
dembones22 said:
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> .
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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.
 
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.
 
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.
 
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/
 
SwamiLeoni said:
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.
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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.
 
5crew said:
Did you guys read about China possibly banning BTC/ETH from last Friday news? There are alot of FUDing and everyone is hoping for a more confirmed words from China today but it's almost Tuesday for Asia countries now and still no words other than articles repeating the Friday news.
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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.
 
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