Crypto Currency Thread
Discussion
Behemoth said:
Presumably terms like the financial industry & film industry also have no meaning to you.
Dear god...My most junior trader trades more currency a day than bitcoin does globally.
Do you understand how small it is compared to real flies? Do you actually understand banking, and finance? You write as though you think that you are an expert but come across as someone who has at best only been vaguely close to a real banking job.
But James, it uses so much energy that it must be a huge industry. If you googled a picture of 8 industrial units in china you'd understand.
You might be used to judging the size of an industry (sic) in terms of capitol employed, people employed, maybe by some sort of measurement like tons produced. These are all inaccurate and out of date. bitcoin mining moves quickly! You might look at 280k transactions a day and think "but that's smaller than the number of transactions in Picadilly station each day" but it's only because you lack the vision to see that your entire finance sector is about to be pwned by the major industry that is turning all that clean, renewable Chinese energy with no pollution into true value add that is totally secure and accessible to peasants in rural Bangladesh.
Luddite.
You might be used to judging the size of an industry (sic) in terms of capitol employed, people employed, maybe by some sort of measurement like tons produced. These are all inaccurate and out of date. bitcoin mining moves quickly! You might look at 280k transactions a day and think "but that's smaller than the number of transactions in Picadilly station each day" but it's only because you lack the vision to see that your entire finance sector is about to be pwned by the major industry that is turning all that clean, renewable Chinese energy with no pollution into true value add that is totally secure and accessible to peasants in rural Bangladesh.
Luddite.
James_B said:
I wonder what his next “I can see farther than you sheepke” campaign will be. Cars that run in water, perhaps, or maybe Modern Monetary Theory.
Some Gump said:
.... it's only because you lack the vision to see that your entire finance sector is about to be pwned by the major industry that is turning all that clean, renewable Chinese energy with no pollution into true value add that is totally secure and accessible to peasants in rural Bangladesh.
Hmmmm. It appears I also "lack the vision".It's a bit like the Lotus threads on PH where we're told we'd all be driving Hethel's finest today if only we could appreciate the genius of the company. Me? I just like good cars...
To give the Moth his due, at least he has stuck around and continues to argue his case.
Go back 20/50/100 pages and look at the number of people who made impassioned arguments (while it was going up) that it was the best thing since sliced bread and anyone who thought differently was so stupid because they couldnt see the vision. Where are they now? What happened to their faith in BitCoin and the money they gambled?
Go back 20/50/100 pages and look at the number of people who made impassioned arguments (while it was going up) that it was the best thing since sliced bread and anyone who thought differently was so stupid because they couldnt see the vision. Where are they now? What happened to their faith in BitCoin and the money they gambled?
I've always been a sceptic,
rockin on 11 September 2017 said:
Just because something had value when you paid for it doesn't mean it has ongoing real-world value. Let's say you bought a VHS video recorder off a mate for £100 back in 1997. You've still got the VHS and he's still got the £100. Your VHS is practically worthless and his £100 has depreciated a bit due to inflation - but he's sitting on some real world "value" to the tune of £100. When you buy crypto your "real money" goes to other people. In the longer term it's inevitable that you'll be left holding the VHS and someone else is keeping your real money. You're not going to be selling that VHS back to your mate for £100 any time soon. It's a "VHS", enjoying its moment in the spotlight but probably destined for oblivion when those left holding the crypto realise someone has made off with their real money.
But I recognise I may yet be proved wrong! Fortunately, for a spectator on the sidelines, it doesn't matter much either way.Lemming Train said:
I think he's a paid BTC shill. Go back and read his posts from 12-24 months ago and it all becomes clear.
I think some people just believe. Have you been on the e-tron audi thread? I started a brief engagement with someone who i now realise is almost religiously fond of Tesla - keeps saying "facts", any other poster questions it and the goalposts move completely in order to still make Tesla the 3rd messiah. I don't think either are paid shills - anyone paid to promote would be given a much better and more credible armoury of sales arguements!
Lemming Train said:
I think he's a paid BTC shill. Go back and read his posts from 12-24 months ago and it all becomes clear.
I hope so, as if he believes the rubbish he posts he’s going to struggle in life.It’s just bizarre, the posts read like those of a boastful sixteen year-old yet he seems to be in a real job. It’s the claim that he knows finance better than the professionals that most boggles me. It’s like me telling the guys who build the carbon tubs at Mercedes F1 that they don’t know what they are doing.
Anyway, has Dimots paid up yet?
dimots said:
Hello! I’m here. What do I owe on the bet? When did you make it?
Will happily pay just give me your wallet address and I’ll send it.
Still love btc, still using btc, best invention ever
Will happily pay just give me your wallet address and I’ll send it.
Still love btc, still using btc, best invention ever
Condi said:
Paging DIMOTS, Paging DIMOTS.
dimots said:
Condi said:
See - I honestly dont understand it. And as for Dimonts, who suggested I go and read a paper written by the developers of bitcoin about how its going to change the world 'for gods sake think for yourself before believing what you read'. You might be right (or rather, he might be right) and its going to be the future. But a market is made of people with differing opinions. How about we do a swop? Say today's price is $6700, in 6 months time whatever the price is we'll pay the difference. If it goes up, I'll pay you the extra, if it goes down, you pay me the difference?
Sure we can do that. See you in six months.Just out of interest, what are you 'using' Bitcoin for? And how are you 'loving' an investment which has lost 40% in 6 months?
dimots said:
I use btc for international automated payments.
But in the real world people use actual money. Hence why BTC isn’t a currency yet. As the wager was set in USD and you’ve calculated the outcome in USD then any settlement would be in that currency.
How does the outcome look when priced in GBP as that’s been moving over the last 6 months against the USD?
DonkeyApple said:
But in the real world people use actual money. Hence why BTC isn’t a currency yet.
As the wager was set in USD and you’ve calculated the outcome in USD then any settlement would be in that currency.
How does the outcome look when priced in GBP as that’s been moving over the last 6 months against the USD?
I will settle it with btc. As the wager was set in USD and you’ve calculated the outcome in USD then any settlement would be in that currency.
How does the outcome look when priced in GBP as that’s been moving over the last 6 months against the USD?
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