Crypto Currency Thread

Crypto Currency Thread

Author
Discussion

Oakey

24,214 posts

160 months

Friday 7th December 2018
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dimots said:
Hehe. Very good biggrin And a perfect example of what I mean...I should be more careful not less!
I haven't really got any of those details but you went and checked right? biggrin

dimots

1,036 posts

34 months

Friday 7th December 2018
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NickCQ said:
Even if laws have been broken?
I also wish nobody ever broke any laws. In fact I wish we didn't need laws.

dimots

1,036 posts

34 months

Friday 7th December 2018
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Oakey said:
I haven't really got any of those details but you went and checked right? biggrin
Deleted my imgur account.

DonkeyApple

34,077 posts

113 months

Friday 7th December 2018
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Lemming Train

3,192 posts

16 months

Friday 7th December 2018
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Does anyone have a spare tinfoil hat? I think I need one in this thread now.

Joey Deacon

1,581 posts

120 months

Friday 7th December 2018
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tertius said:
dimots said:
Some Gump said:
What are the privacy benefits? Within a legal framework i don't understand them. It can't be mail order dildos because they'd have your address. It can't be porn because your ISP can track you down. Hell, given the public ledger and how they caught the silk road people, I'm not even sure it's private!

So aye, what is the benefit of a private.transaction for any legal purpose? Real benefits please, not hypothetical zombie apocalypse / government goes rogue scenarios!
I can't believe we are this far into this thread and people are still asking questions like this.

Condi creates a new wallet. He can post it on here.

I create a new wallet. I can post it on here.

I send btc from my wallet to his. We can ALL see it move. It is recorded for all time on the blockchain and can be viewed at blockexplorer.com or blockchain or wherever.

The transaction is PROVEN.

The transaction is ANONYMOUS.

Pretty cool huh? This is how internet payments are supposed to work.
Whilst that is all true and I agree rather amazing, it does not in any way answer his question for WHY you feel privacy is so critical for this specific use case. Especially since the only requirement is a transfer from one individual to another.
Because there are three types of people who believe in Crypto.

1)The tin foil hat wearers who believe that Fiat is worthless and have some issue with governements and banks.
2)The people who are speculatively trying to make Fiat (ironically the one thing that Crypto is ment to replace).
2)Criminals who sell drugs or want to transfer dodgy money.

for everyone else Crypto is completely useless and way more complicated, slower, risky and volatile than just transfering money using online banking.

Then you have the underlying blockchain technology which is going to revolutionise the way we live just as soon as someone can actually work out a use for it.



EddieSteadyGo

3,972 posts

147 months

Friday 7th December 2018
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dimots said:
Paying a bet made with a hostile third party on an anonymous internet message board with any method of payment that reveals your identity is 'bonkers'.
You are overstating your self importance. Whilst we all need to be careful with our data, the care needs to be proportionate to the risks involved. Exposing some minor personal details to Condi is inconsequential - you know full well it won't cause you any harm, so hiding behind this type of reason is just obfuscation.

I genuinely think if you do this properly you might just earn some respect from Condi and other members here by showing yourself to be an honourable person.

dimots

1,036 posts

34 months

Friday 7th December 2018
quotequote all
EddieSteadyGo said:
You are overstating your self importance. Whilst we all need to be careful with our data, the care needs to be proportionate to the risks involved. Exposing some minor personal details to Condi is inconsequential - you know full well it won't cause you any harm, so hiding behind this type of reason is just obfuscation.

I genuinely think if you do this properly you might just earn some respect from Condi and other members here by showing yourself to be an honourable person.
Thanks for telling what to do and think, I appreciate it.

EddieSteadyGo

3,972 posts

147 months

Friday 7th December 2018
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dimots said:
EddieSteadyGo said:
You are overstating your self importance. Whilst we all need to be careful with our data, the care needs to be proportionate to the risks involved. Exposing some minor personal details to Condi is inconsequential - you know full well it won't cause you any harm, so hiding behind this type of reason is just obfuscation.

I genuinely think if you do this properly you might just earn some respect from Condi and other members here by showing yourself to be an honourable person.
Thanks for telling what to do and think, I appreciate it.
Always happy to help smile

Joey Deacon

1,581 posts

120 months

Friday 7th December 2018
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p1stonhead said:
Joey Deacon said:
dimots said:
Joey Deacon said:
Ethereum about to drop below $100?

Current cap for Crypto is $121.5 Billion, think we will see $100 Billion by new year?
I would think so! I think it is good news overall, I feel like the hype and over-valuing of ‘crypto’ (I personally only have any interest in bitcoin) holds it back from being able to take risks and develop as it should. I would like btc scaling solutions and more user friendly applications to be developed before the next boom cycle. I think 2019 will be an interesting year.
Ethereum at $85, can I change my estimate of a $100 billion market cap to Monday please?

BTC $3000 by Monday too?
Wheels finally coming off this worthless crap?
Sorry to be a pain, can I change my estimate to the end of today please?

p1stonhead

19,534 posts

111 months

Friday 7th December 2018
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Joey Deacon said:
p1stonhead said:
Joey Deacon said:
dimots said:
Joey Deacon said:
Ethereum about to drop below $100?

Current cap for Crypto is $121.5 Billion, think we will see $100 Billion by new year?
I would think so! I think it is good news overall, I feel like the hype and over-valuing of ‘crypto’ (I personally only have any interest in bitcoin) holds it back from being able to take risks and develop as it should. I would like btc scaling solutions and more user friendly applications to be developed before the next boom cycle. I think 2019 will be an interesting year.
Ethereum at $85, can I change my estimate of a $100 billion market cap to Monday please?

BTC $3000 by Monday too?
Wheels finally coming off this worthless crap?
Sorry to be a pain, can I change my estimate to the end of today please?
laugh

Condi

8,367 posts

115 months

Friday 7th December 2018
quotequote all
Whatever number of bitcoins the bet is paid in, by the time I've cashed them out they'll be worth half of what they were at the start biggrin.

p1stonhead

19,534 posts

111 months

Friday 7th December 2018
quotequote all
Condi said:
Whatever number of bitcoins the bet is paid in, by the time I've cashed them out they'll be worth half of what they were at the start biggrin.
Or double.
Or a quarter.
Or 7 times more.
Or a tenth.
Or all of the above in an hour.

Hence why it’ll never be anything more than a silly gamble.

Lemming Train

3,192 posts

16 months

Friday 7th December 2018
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Condi said:
Whatever number of bitcoins the bet is paid in, by the time I've cashed them out they'll be worth half of what they were at the start biggrin.
That's why you should have insisted on the difference be paid in USD (or GBP eqv) rather than (about to be) worthless BTC.

emicen

7,333 posts

162 months

Friday 7th December 2018
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It’s genuinely horrifying to think at this time last year people were cashing in pensions, and even selling their houses, to put in to bitcoin.

p1stonhead

19,534 posts

111 months

Friday 7th December 2018
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emicen said:
It’s genuinely horrifying to think at this time last year people were cashing in pensions, and even selling their houses, to put in to bitcoin.
It certainly got to the maina phase. Someone I know put loads into lite coin and some other one i have not heard about since. He didn’t even know what they were or how they worked.

dimots

1,036 posts

34 months

Friday 7th December 2018
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You may not believe this, but I know of people who have never owned a single bitcoin, have never made a penny of profit from bitcoin, yet who proclaim they did the right thing all along by not buying bitcoin because they knew what the future held :-o

Of course we’re not all of the way through the future, only part way through, so things could change.

It’s a crazy world right?

Condi

8,367 posts

115 months

Friday 7th December 2018
quotequote all
dimots said:
You may not believe this, but I know of people who have never owned a single bitcoin, have never made a penny of profit from bitcoin, yet who proclaim they did the right thing all along by not buying bitcoin because they knew what the future held :-o
I've never owned a single bitcoin, yet seem to have done the right thing. winkrofl

dimots

1,036 posts

34 months

Friday 7th December 2018
quotequote all
Condi said:
I've never owned a single bitcoin, yet seem to have done the right thing. winkrofl
But how is that the right thing? I don’t get your logic. Doing nothing is better than doing something? Do you just sit on the sidelines of everything doing nothing waiting for things to go wrong so you can say ‘glad I wasn’t part of that’. It makes no sense to me.

Get involved with everything and ride the ups and downs. That’s what is exciting about life.

p1stonhead

19,534 posts

111 months

Friday 7th December 2018
quotequote all
dimots said:
Condi said:
I've never owned a single bitcoin, yet seem to have done the right thing. winkrofl
But how is that the right thing? I don’t get your logic. Doing nothing is better than doing something? Do you just sit on the sidelines of everything doing nothing waiting for things to go wrong so you can say ‘glad I wasn’t part of that’. It makes no sense to me.

Get involved with everything and ride the ups and downs. That’s what is exciting about life.
Not buying into a scam is doing nothing for sure, but it’s better than doing something.