BitCoin
Quote: AxelWolfHey Axel, Invest it all into Cytodyn, IT"S SOON GOING TO THE MOON!!!! <<< that doesn't count? 😀
It would.
If you could actually point to a post where I said it.
You know we can't share PM's 😀Quote: darkozIt would.
If you could actually point to a post where I said it.
Quote: AxelWolfYou know we can't share PM's 😀
Well since I never PM'd that you can't be accused of doing that with this post I guess.
WInk Wink*Quote: darkozWell since I never PM'd that
Interesting case. These kids used malware to change the address the owner entered into his computer while trying to make a payment. At the time, the BTC was worth about $150,000, now its almost a million. The defense seems to be we did it and there is nothing you can do about it.
Quote: billryanhttps://krebsonsecurity.com/2021/08/man-robbed-of-16-bitcoin-sues-young-thieves-parents/
Interesting case. These kids used malware to change the address the owner entered into his computer while trying to make a payment. At the time, the BTC was worth about $150,000, now its almost a million. The defense seems to be we did it and there is nothing you can do about it.
Fantastic, great find
In the history of paper money, no one has ever suffered such a robbery as that amount.
Paper money is so much more theft proof than Bitcoin. Thanks for pointing that out.
And CC fraud? Never heard of it.
But you'll always have El Salvador.
Quote: billryanhttps://www.msn.com/en-us/money/other/bitcoin-has-no-value-people-bank-s-of-china-official-announces-further-crackdown/ar-AANOYqC?ocid=msedgdhp&pc=U531
But you'll always have El Salvador.
Lol, yeah Bitcoin has no value.
It's only worth...
Quote: billryanhttps://news.yahoo.com/salvadorans-protest-over-countrys-plans-075402604.html
That's it?
Three paragraphs?
But better yer grow Bitcoin into a cult. With prophets who make asinine predictions like other cukt leaders. Only instead of prediction faithful will ascend into heaven on such and such a date these leaders sat Bitcoin will be $250000 by 2020 or some other nonsense. When that date passes, the cult will have already found a new leader.
Then some 10cent country will use bit coin and Halleluah . Like when religions pointed to Russia as the bear from the north to show the end was comings. And cult leaders will say look at how much I and other cult members are paying for Bitcoin. Have no dog in this fight. But damn I love a great con. Carry on. I won’t post in this thread again.
Don't be jealous bro...Quote: FastEddieNew here and not about to read 206 pages but I love Bitcoin. What a great con. Just the name alone. Not BitPaperMoney but bit COIN. Implies a metal currency in the digital age. But better yet calling the geeks who run the computer that are solving complex mathematical stuff, don’t call them geeks, nerds, programmers, managers,etc. but call them MINERS. Like gold miners, silver miners, John Lewis must be spinning in his grave.
But better yer grow Bitcoin into a cult. With prophets who make asinine predictions like other cukt leaders. Only instead of prediction faithful will ascend into heaven on such and such a date these leaders sat Bitcoin will be $250000 by 2020 or some other nonsense. When that date passes, the cult will have already found a new leader.
Then some 10cent country will use bit coin and Halleluah . Like when religions pointed to Russia as the bear from the north to show the end was comings. And cult leaders will say look at how much I and other cult members are paying for Bitcoin. Have no dog in this fight. But damn I love a great con. Carry on. I won’t post in this thread again.
Call it/them what you want, call them/it what you will... A Con, a pyramid scheme, fraud, bubble, Nerds, idiots, sheep, lucky, ignorant millennials etc.. meanwhile....
Wait, I thought you were going to buy a Miata with your Bitcoin profits! ;-)Quote: AxelWolf
Quote: JoemanWait, I thought you were going to buy a Miata with your Bitcoin profits! ;-)Quote: AxelWolf
I think his boyfriend already has a Miata.
Which one?Quote: DRichQuote: JoemanWait, I thought you were going to buy a Miata with your Bitcoin profits! ;-)Quote: AxelWolf
I think his boyfriend already has a Miata.
But seriously, I do know someone who bought a Lambo.
I couldn't find a pink one.Quote: JoemanWait, I thought you were going to buy a Miata with your Bitcoin profits! ;-)Quote: AxelWolf
got an email from my exchange, Coinbase, and they're now calling Crypto "DeFi" - short for Decentralized Finance
I've read it being called that in several other blogs
obviously trying to get away from the negative connotations that the word "Crypto" carries - and make the speculation in it sound respectable
in that same email Coinbase blogs about the related NFT market and its incredible soaring prices -
NFT speculating is definitely for brave souls - some will no doubt say foolish - whatever - I'm not into it - just reporting
this is from the email:
"Algorithmic NFT art is setting record prices
First came the Punks — followed this summer by a whole circus of Apes, Axies, and Pudgy Penguins. What’s the latest NFT craze to capture the attention of the metaverse? A market for collectible abstract, computer-generated art called Art Blocks. Since it launched in November 2020, artists on the platform have created more 100,000 unique works using a process known as generative art. In the last month alone, sales have totaled around $570 million.
The original buyers of Art Blocks have no idea what their pieces are going to look like. The platform’s artists create algorithms that define certain attributes of their work; the final image is generated by the script when each NFT is minted on the Ethereum blockchain (resulting in different visuals each time). Art Blocks range from simple squiggles to complex Sol LeWitt-style geometric works to interactive experiences. Hundreds of variations of each style are often created by artists.
Art Blocks is minting millionaires. Tyler Hobbs created a series of intricate generative artworks with an algorithm he called Fidenza. Works from the Fidenza collection (there are 999 total) now sell for serious money. Digg founder Kevin Roose sold Fidenza #313 last week for 1,000 ETH ($3.3 million) after paying just .58 ETH (around $1,400) for it earlier this summer. The lowest-priced Fidenza piece currently on OpenSea is going for 294 ETH (around $962,000).
Are seven-figure values for digital artworks a sign of speculation? At least 16 Art Blocks have sold for more than $1 million, and more than 80% of Art Blocks’ total trade volume has come in August alone. As Art Blocks founder Erick Calderon told Decrypt recently, “[It’s] incredibly validating, exhilarating, but also terrifying.”
Why it matters… For fine artists, Art Blocks offers a deal that the old-school art market lacks: an automatic 5% cut every time a piece gets resold. For NFT fans, Art Blocks’ success may point to a new step in the evolution of crypto aesthetics — drawing in buyers from the white-hot contemporary art market who seek a different kind of clout than you get by collecting profile-pic avatars like CryptoPunks and Bored Apes. (Of course, there’s lots of overlap between the two worlds.) But it remains to be seen if the current price levels are sustainable — especially after a volatile summer for NFTs."
.
50,130.40 United States Dollar
1 Ether equals
3,783.77 United
Right now everything is green, however, I think by the end of the day or in the morning we will be seeing lots of red.
Covid is back full force, we have hurricanes, tornadoes, flooding, and the United States is on fire. I can't understand why the markets are not going to hell.
I would like to have gotten into the NFT stuff, but I just dont know enough about it to make that leap of faith.Quote: lilredrooster_________
got an email from my exchange, Coinbase, and they're now calling Crypto "DeFi" - short for Decentralized Finance
I've read it being called that in several other blogs
obviously trying to get away from the negative connotations that the word "Crypto" carries - and make the speculation in it sound respectable
in that same email Coinbase blogs about the related NFT market and its incredible soaring prices -
NFT speculating is definitely for brave souls - some will no doubt say foolish - whatever - I'm not into it - just reporting
this is from the email:
"Algorithmic NFT art is setting record prices
First came the Punks — followed this summer by a whole circus of Apes, Axies, and Pudgy Penguins. What’s the latest NFT craze to capture the attention of the metaverse? A market for collectible abstract, computer-generated art called Art Blocks. Since it launched in November 2020, artists on the platform have created more 100,000 unique works using a process known as generative art. In the last month alone, sales have totaled around $570 million.
The original buyers of Art Blocks have no idea what their pieces are going to look like. The platform’s artists create algorithms that define certain attributes of their work; the final image is generated by the script when each NFT is minted on the Ethereum blockchain (resulting in different visuals each time). Art Blocks range from simple squiggles to complex Sol LeWitt-style geometric works to interactive experiences. Hundreds of variations of each style are often created by artists.
Art Blocks is minting millionaires. Tyler Hobbs created a series of intricate generative artworks with an algorithm he called Fidenza. Works from the Fidenza collection (there are 999 total) now sell for serious money. Digg founder Kevin Roose sold Fidenza #313 last week for 1,000 ETH ($3.3 million) after paying just .58 ETH (around $1,400) for it earlier this summer. The lowest-priced Fidenza piece currently on OpenSea is going for 294 ETH (around $962,000).
Are seven-figure values for digital artworks a sign of speculation? At least 16 Art Blocks have sold for more than $1 million, and more than 80% of Art Blocks’ total trade volume has come in August alone. As Art Blocks founder Erick Calderon told Decrypt recently, “[It’s] incredibly validating, exhilarating, but also terrifying.”
Why it matters… For fine artists, Art Blocks offers a deal that the old-school art market lacks: an automatic 5% cut every time a piece gets resold. For NFT fans, Art Blocks’ success may point to a new step in the evolution of crypto aesthetics — drawing in buyers from the white-hot contemporary art market who seek a different kind of clout than you get by collecting profile-pic avatars like CryptoPunks and Bored Apes. (Of course, there’s lots of overlap between the two worlds.) But it remains to be seen if the current price levels are sustainable — especially after a volatile summer for NFTs."
.
Quote: rxwineI’d rather get into actual contemporary art. Like the latest Elvis on velvet.
In my house at college we probably had 50 velvet Elvis paintings on the walls.
Quote: billryanhttps://www.msn.com/en-us/money/markets/el-salvador-is-making-bitcoin-legal-tender-but-don-t-expect-the-dollar-to-disappear-there/ar-AAO26wN?ocid=msedgdhp&pc=U531
https://www.coindesk.com/markets/2021/06/16/panama-to-present-crypto-related-bill-in-july/
Quote: DRichIn my house at college we probably had 50 velvet Elvis paintings on the walls.
I lived in a house where everyone was a football player, a wrestler or on the rugby club. We had a lot of holes punched in walls and velvet painting were our spackle.
𝗖𝗿𝘆𝗽𝘁𝗼 𝗺𝗼𝘃𝗲𝘀 𝗶𝗻𝘁𝗼 𝗯𝗮𝗻𝗸𝗶𝗻𝗴
from the article:
"BLOCKFI, a fast-growing financial startup whose headquarters in Jersey City, is across the Hudson River from Wall Street, aspires to be the JPMorgan Chase of cryptocurrency. It offers credit cards, loans and interest-generating accounts. But instead of dealing primarily in dollars, BlockFi operates in the rapidly expanding world of digital currencies, one of a new generation of institutions effectively creating an alternative banking system on the frontiers of technology.
"We are just at the beginning of this story," said Flori Marquez, 30, a founder of BlockFi, which was created in 2017 and claims to have more than US$10 billion in assets, 850 employees and more than 450,000 retail clients who can obtain loans in minutes, without credit checks."
it's a brave new world
https://www.businesstimes.com.sg/banking-finance/cryptos-rapid-move-into-banking-system-elicits-alarm-in-washington
.
https://www.zerohedge.com/crypto/cryptos-just-puked
"We’re aware transactions are currently delayed or cancelled at elevated rates and our apps may be experiencing errors. Our team is investigating the issue and we’ll update here as soon as we know more. A sudden increase in network traffic and market activity led to a degradation in our services. We’re seeing improvement with our app services, however transaction services are still degraded. Funds settlement will be delayed while we recover.
Thanks all for your reports here - our teams are investigating transactions scheduled during the service degradation this morning that are not appearing in the account or are stuck in a pending state. We’ll post here with continued updates.
Transactions are going through normally and service issues have been resolved. We’ve taken steps on our end to maintain stability and keep our services up. Thank you for your patience and understanding while we worked to address this!" - Coinbase Support
Bitcoin fell from just below $53,000 to just below $43,000 today.
Quote: lilredrooster____________
link to original post
𝗖𝗿𝘆𝗽𝘁𝗼 𝗺𝗼𝘃𝗲𝘀 𝗶𝗻𝘁𝗼 𝗯𝗮𝗻𝗸𝗶𝗻𝗴
from the article:
"BLOCKFI, a fast-growing financial startup whose headquarters in Jersey City, is across the Hudson River from Wall Street, aspires to be the JPMorgan Chase of cryptocurrency. It offers credit cards, loans and interest-generating accounts. But instead of dealing primarily in dollars, BlockFi operates in the rapidly expanding world of digital currencies, one of a new generation of institutions effectively creating an alternative banking system on the frontiers of technology.
"We are just at the beginning of this story," said Flori Marquez, 30, a founder of BlockFi, which was created in 2017 and claims to have more than US$10 billion in assets, 850 employees and more than 450,000 retail clients who can obtain loans in minutes, without credit checks."
it's a brave new world
https://www.businesstimes.com.sg/banking-finance/cryptos-rapid-move-into-banking-system-elicits-alarm-in-washington
.
A bank that " claims" to have 10 billion dollars. Nothing suspicious about that. As we have all learned lately, anyone can claim almost anything.
Lending money without credit checks- I can't imagine anything might go wrong with that. I wonder why no one has thought of that before.
Gensler is seeking more authority for the agency to oversee a world he described last month as a "Wild West" riddled with fraud and investor risk. He has said some digital assets and platforms are operating as or offering securities, bringing them under the SEC's oversight.
Let it be known they are talking about the roll-out of LEND.Quote: billryanhttps://www.reuters.com/technology/sec-threatens-sue-coinbase-over-crypto-lending-programme-2021-09-08/
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Gensler is seeking more authority for the agency to oversee a world he described last month as a "Wild West" riddled with fraud and investor risk. He has said some digital assets and platforms are operating as or offering securities, bringing them under the SEC's oversight.
A program that allows people to lend out their crypto in return for earning interest.
Obviously, being sued isn't good for any company, but as it points out, that makes it one step closer to regulation, and that just helps legitimize BTC and other cryptocurrencies.
From the first time I have posted on bitcoin, I've been warning about these shady tactics most people are either not aware of or who choose to ignore them.
What tactics? Do you mean the same tactics involved in just about anything dealing with money or somthing of value?Quote: billryanThat is one way to look at it. Another is that the coming regulations will prohibit many of these practices and put any number of these operations out of business.
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From the first time I have posted on bitcoin, I've been warning about these shady tactics most people are either not aware of or who choose to ignore them.
The links you posted included a video where the guy also says that regulation is creating support. Big Companies like CoinBase want regulation and rules. No company wants to be sued, however, it's one step closer to regulation.
https://www.msn.com/en-us/money/markets/el-salvador-crypto-debut-is-a-lesson-in-bitcoin-price-volatility/ar-AAOcluH?ocid=uxbndlbing
Ukraine is the fifth country in as many weeks to lay down some ground rules for the cryptocurrency market, a sign that governments around the world are realizing that bitcoin IS HERE TO STAY.
https://www.nbcnews.com/business/business-news/ukraine-latest-country-legalize-bitcoin-cryptocurrency-slowly-goes-global-n1278789
Panama appears to be next on deck. The Central American country is kicking around a draft of its own cryptocurrency law.
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It started off with Elsalvordor. I suspected others would soon follow, they might be a bunch of craps holes, but when enough crap hole places legalize and regulate BTC others will follow... who knows where BTC could go.
You can take a half dozen failed economies, add bitcoin into the equation and what do you end up with? I'm going to say the answer will still be - a half dozen failed economies.
Quote: billryanOld Martial arts says- You can tie two wounded birds together and even though they have four wings, still they can not fly.
link to original post
You can take a half dozen failed economies, add bitcoin into the equation and what do you end up with? I'm going to say the answer will still be - a half dozen failed economies.
Old General Tso say: Buffalo with wings still cannot fly but taste very good.
I could care less about their economies, the more places accepting BTC, and the more people using it, should make the price go up and or become more stable.Quote: billryanOld Martial arts says- You can tie two wounded birds together and even though they have four wings, still they can not fly.
link to original post
You can take a half dozen failed economies, add bitcoin into the equation and what do you end up with? I'm going to say the answer will still be - a half dozen failed economies.
Quote: AxelWolfI could care less about their economies, the more places accepting BTC, and the more people using it, should make the price go up and or become more stable.link to original postQuote: billryanOld Martial arts says- You can tie two wounded birds together and even though they have four wings, still they can not fly.
link to original post
You can take a half dozen failed economies, add bitcoin into the equation and what do you end up with? I'm going to say the answer will still be - a half dozen failed economies.
Why? Thousand times more places accept Visa and other payment methods How come they don't go up in value with their usage? The day El Salvador adopted bitcoin, it dropped 17% before recovering much of it. So much for adding stability
This is why we don't allow kids to play with sharp objects.
Because there is an unlimited Supply of Visa. Not so with BTC. There's a big difference between BTC and VISA, there is no real reason to compare the two.Quote: billryanQuote: AxelWolfI could care less about their economies, the more places accepting BTC, and the more people using it, should make the price go up and or become more stable.link to original postQuote: billryanOld Martial arts says- You can tie two wounded birds together and even though they have four wings, still they can not fly.
link to original post
You can take a half dozen failed economies, add bitcoin into the equation and what do you end up with? I'm going to say the answer will still be - a half dozen failed economies.
Why? Thousand times more places accept Visa and other payment methods How come they don't go up in value with their usage? The day El Salvador adopted bitcoin, it dropped 17% before recovering much of it. So much for adding stabilitylink to original post
I didn't suggest that only one place adopting BTC would add stability or cause the price to go up. I said, the more places accepting BTC, and the more people using it, should make the price go up and or become more stable.
I'd never read about this before.
I don't know enough about bons and stocks and whatnot, but this sounds like a good thing for the company.Quote: billryanhttps://www.msn.com/en-us/money/other/coinbase-has-increased-its-debt-offering-to-2-billion-after-getting-flooded-with-bids/ar-AAOtwLY?ocid=msedgdhp&pc=U531
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Quantum computers will be a threat to things like Visa, bank accounts, PP, and many other things long before it will be a problem for BTC.Quote: billryanhttps://www.msn.com/en-us/money/savingandinvesting/can-governments-shut-down-bitcoin-with-quantum-computers/ar-AAOt1CF?ocid=msedgdhp&pc=U531
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I'd never read about this before.
I think they were estimating a hundred years before it would seriously affect Bitcoin and only a decade or so before it affects the banking industry.
Quote: AxelWolfI don't know enough about bons and stocks and whatnot, but this sounds like a good thing for the company.link to original postQuote: billryanhttps://www.msn.com/en-us/money/other/coinbase-has-increased-its-debt-offering-to-2-billion-after-getting-flooded-with-bids/ar-AAOtwLY?ocid=msedgdhp&pc=U531
link to original post
It is.
It might be time for you to take a ride on the crypto rocket.Quote: billryanQuote: AxelWolfI don't know enough about bons and stocks and whatnot, but this sounds like a good thing for the company.link to original postQuote: billryanhttps://www.msn.com/en-us/money/other/coinbase-has-increased-its-debt-offering-to-2-billion-after-getting-flooded-with-bids/ar-AAOtwLY?ocid=msedgdhp&pc=U531
link to original post
It is.link to original post
Remember the story of the bear who caught a salmon?
Then he looked in the water, saw his reflection but thinking it was another salmon he lunged at, losing his first fish in the process?
I've caught my salmon.
Quote: billryanI don't need to.
link to original post
Remember the story of the bear who caught a salmon?
Then he looked in the water, saw his reflection but thinking it was another salmon he lunged at, losing his first fish in the process?
I've caught my salmon.
The bear was rushing to catch the salmon too fast.
We call that a Salmon Rushdie
