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Hides in Shadow
Suspended User
Registered: Apr 2019
Location: In Deep Space
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May-17-2019 19:49
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Hides in Shadow
Suspended User
Registered: Apr 2019
Location: In Deep Space
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May-17-2019 20:45
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pkcRAISTLIN
arbiter's chief minion
Registered: Jul 2002
Location:
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quote: | Originally posted by itsamemario
what do you think they would use as an alternative that would be easier to launder? if they start using gold, they'd just start like tagging it with isotopes or whatever, everything can be traced and from what i've gathered the altcoins that have crypto features do a darn good job at making it as hard as possible. so i dunno, going backwards (towars gold/silver) is more for security purpose, the way i see it, while black markets want the most intricate systems as possible. never once spoken with a prepper who wanted me to use vpns or TOR, but i have encountered druggies who do! :P
i kinda agree, the price surge of yesteryears december were followed by lots of ads in mainstream media talking about how great blockchain was, and how it was a "truth machine". but it's controlled by consensus, and when consensus is controlled by the ruling elite, i mean, it's kabuki!
so on that point i wholeheartedly agree.
And hindsight IS 20/20. But I guess my foresight ain't that bad either since I had a feeling it would surge, although I did not imagine it going that high as fast as it did.
The price is backing down a bit now, like after every surge, but historically it should not be longer than a week for it to go past its previous 2019 high now that it seems to have recovered from the bear market and is going into a bull run. That's what the statistics and technical's are saying, though, and I dont know about them... I dunno.. 80,000... But don't quote me on that later.. Those are numbers that comes from technical analysis and not my gut, and while I don't feel queasy when I see them, I can not claim them to originate from my gut, like my previous prediction, which was not foretold to happen yet by technical analysis.. And I mean, it's not like this is all PLANNED and that I somehow got a sneak-peak at the plan.. :P don't be silly!!!
i actually pretty much had forgotten about my little alt coin collection until recently, since i've been pretty ill and havent had the energy to do anything but check the price of bitcoin once every few weeks, so i think it's funny that i made the thread and then boom! coinbase is making news, ripple is in the headlines, cnbn has a big feature on btc (even though the panel remained far more skeptic than their guest, dont wanna kill that momentum) after not having heard anything about it in the media sans that one story about that millionaire's wife that's kidnapped and they wanted the ransom paid in monero. for some reason, i dont know which, i think i read the amount they wanted equaled like 60% of the total monero supply. |
you should sell a few coins and invest in some paragraphs.
quote: | Originally posted by SYSTEM-J
I suppose my overarching point is that the subject has been unfairly written off by some rational people due to its popularity amongst Internet lunatics. |
i dunno, i feel like most of it is pretty fair.
https://hackernoon.com/ten-years-in...ain-ee98c180100
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May-18-2019 02:42
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SYSTEM-J
IDKFA.
Registered: Sep 2003
Location: Manchester
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May-19-2019 21:05
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pkcRAISTLIN
arbiter's chief minion
Registered: Jul 2002
Location:
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quote: | Originally posted by SYSTEM-J
The criticisms made in that article may or may not be fair - I don't really have the expertise to pass judgement. But for the bigger picture, do you think crypto currencies are going to die off when people realise their supposed uselessness? Or do you think the idea has long term potential? It's very easy to snipe the shit out of new(ish) technology, but the thing about technology is that it tends to improve over time, so I'd be more interested in a conceptual discussion. |
i think crypto currencies will persist for some time as long as there is greed/speculation interest and as long as they're perceived to be useful in dodgy transactions. obviously im not going to try and predict where they might be in 10K years or whatever, and i admit by views have been informed mostly by bitcoin. but i don't think it likely any of them will be considered a legitimate currency anytime soon. i agree with you though that as long as they are capable of being used to hide transactions from the fuzz then they will stick around.
as far as bitcoin specifically goes though- it hasn't been able to trump traditional international settlements, credit or other transfers of capital already available. its reconcilation fees would make a large bank blush, its speed/number of transactions an hilarious fraction of just a single "competitor" like VISA, it has a contractionary bias and encourages hoarding and speculating rather than spending, its volatility makes spending it (on the handful of sites that accept it) a guessing game re what you're actually going to pay, there is no insurance or consumer protections. it is worse and less useful than cash or credit at every turn.
of course, the next big coin might be right around the corner which will address some of these issues (apparently there are over 1000 now) and i hear ripple has been doing amazing things like being able to manage 1.5% the number of transactions as VISA. overall, until they're better at filling the roles performed by banks, governments and cash, they will mostly remain a thing for nerds and child molestors.
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May-20-2019 08:15
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DJ RANN
Supreme tranceaddict
Registered: May 2001
Location: Hollywood....
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quote: | Originally posted by pkcRAISTLIN
i think crypto currencies will persist for some time as long as there is greed/speculation interest and as long as they're perceived to be useful in dodgy transactions. obviously im not going to try and predict where they might be in 10K years or whatever, and i admit by views have been informed mostly by bitcoin. but i don't think it likely any of them will be considered a legitimate currency anytime soon. i agree with you though that as long as they are capable of being used to hide transactions from the fuzz then they will stick around.
as far as bitcoin specifically goes though- it hasn't been able to trump traditional international settlements, credit or other transfers of capital already available. its reconcilation fees would make a large bank blush, its speed/number of transactions an hilarious fraction of just a single "competitor" like VISA, it has a contractionary bias and encourages hoarding and speculating rather than spending, its volatility makes spending it (on the handful of sites that accept it) a guessing game re what you're actually going to pay, there is no insurance or consumer protections. it is worse and less useful than cash or credit at every turn.
of course, the next big coin might be right around the corner which will address some of these issues (apparently there are over 1000 now) and i hear ripple has been doing amazing things like being able to manage 1.5% the number of transactions as VISA. overall, until they're better at filling the roles performed by banks, governments and cash, they will mostly remain a thing for nerds and child molestors. |
You literally just said exactly what I wanted to say but couldn't be bothered to write out.
Ta very much.
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May-20-2019 19:19
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Jon_Snow
Guest
Registered: Not Yet
Location:
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May-20-2019 23:56
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itsamemario
Divine Angel
Registered: Jun 2001
Location: Mushroom Kingdom
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May-26-2019 20:02
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