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Bitcoin, Blockchain and Cryptocurrencies

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colemanY2K View Drop Down
Roy Keane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote colemanY2K Quote  Post ReplyReply Direct Link To This Post Posted: 14 Dec 2018 at 12:46pm
"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LO SCIENZIATO Quote  Post ReplyReply Direct Link To This Post Posted: 14 Dec 2018 at 2:13pm
good read that
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Bob Hoskins View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bob Hoskins Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2019 at 2:19pm
Here you go TJ  

Bitcoin Turns 10: Remarkable Achievements And Uncertain Prospects

Bitcoin has now survived for 10 years without a single fraudulent transaction being validated on its blockchain. The legitimacy and value of Bitcoin is now – at least for those who care to understand it – beyond doubt. Over the last 10 years some of the most reputable technologists and investors have simply got Bitcoin wrong. From Warren Buffet to Bill Gates, the established elite have failed to understand – willingly or not – that Bitcoin offers a set of unique properties that no other monetary technology, from the gold ingot to the dollar bill, has been able to achieve.

Without a CEO and without a marketing budget, Bitcoin has gone from a handful of transactions per day to over 300,000 and the currency moves billions of dollars through exchanges every 24 hours. Bitcoin’s market cap now exceeds $70bn and the broader ecosystem, to which Bitcoin’s inception can be largely credited, is valued at over $130bn. Bitcoin has spent much of its time securing this value, and in the age of hacking and cyber theft, the absence of a fraudulent transaction or exploit in Bitcoin’s blockchain has been extremely telling.

Digital Gold

Bitcoin’s success has followed a winding path. Originally proposed as “peer to peer electronic cash”, the cryptocurrency quickly moved from a medium of exchange into the realm of “digital gold” thanks to the currency’s 21 million coin supply cap and its associated scarcity. This move towards digital gold was rapidly embraced by the community, lining their pockets in the process and creating an entirely new paradigm of holding – and not spending – this now rapidly appreciating asset.

These forces have had an unintentional consequence of drawing Bitcoin’s development to a snail’s pace. The currency’s underlying technology stagnated from fear of introducing bugs, centralizing mining and risking Bitcoin’s lucrative future as digital gold. However this stagnation – for the purpose of digital gold – serves only as a boon to Bitcoin’s utility, providing better guarantees about the technology’s future by simply resisting any significant change.

As a result, Bitcoin has now become the world’s most secure and transparent currency, enabling public audits of its blockchain as well as strict guarantees about its future supply. To put this into perspective with the traditional system, the exact number of circulating dollar bills is unknown and the amount of digital gold sold exceeds the amount of physical gold mined. Dollars are printed by centralized authorities and the rate of printing is determined by economic clairvoyants. Gold is mined in unknown quantities and thousands are exploited in its extraction. In the case of Bitcoin, there are no workers to exploit and its issuance rules are guaranteed by code as opposed to self interested individuals. It would be possible to determine – to a high degree of accuracy – how many coins will exist 20 years from now. This would simply be impossible to do with any other asset.

Hence we derive Bitcoin’s value.

Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government.
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Robbie Keane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Trap junior Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2019 at 3:05pm
Bhobcoin is where its at now

YBIG, we had an agreement. I do the thinking. You don't.


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Roy Keane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote colemanY2K Quote  Post ReplyReply Direct Link To This Post Posted: 04 Feb 2019 at 7:50pm
"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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Robbie Keane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Trap junior Quote  Post ReplyReply Direct Link To This Post Posted: 04 Feb 2019 at 8:37pm

You wouldn't get that sort of shoddy service if you had have invested in Bhobcoin.

YBIG, we had an agreement. I do the thinking. You don't.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bob Hoskins Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2019 at 10:15am
Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Trap junior Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2019 at 10:24am

From a website cryptoglobe.com.  They wouldn't happen to be impartial by any chance would they?

YBIG, we had an agreement. I do the thinking. You don't.


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Bob Hoskins View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bob Hoskins Quote  Post ReplyReply Direct Link To This Post Posted: 08 Apr 2019 at 10:55pm
For anyone that has had the misfortune of been subjected to PayPal's rip off rates. Them been punched off their perch would be bloody marvellous 



Edited by Bob Hoskins - 08 Apr 2019 at 10:55pm
Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shedite Quote  Post ReplyReply Direct Link To This Post Posted: 10 May 2019 at 10:51am
I've never dabbles in Cryptocurrency before, but this website are offering £30 of Bitcoin for signing up. Signed up during the week, seems legit. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Het-field Quote  Post ReplyReply Direct Link To This Post Posted: 10 May 2019 at 10:59am
Everytime I hear the words Blockchain and Bitcoin, I always hear them in Max Keiser’s voice.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bob Hoskins Quote  Post ReplyReply Direct Link To This Post Posted: 16 May 2019 at 2:14pm
The Bear run is over and the Crypto bandwagon jumps into a bull run. 

If you have a spare few hundred and wanted to put it to a long term bet for a bit of craic, buy some crypto. It will go up massively and drop again like it has since the start, but in the longer term 5-10 years that few hundred could be worth a lot.

Bitcoin hitting €100,000 or even a Million is not so outlandish a prospect anymore. 
Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 16 May 2019 at 3:11pm
Originally posted by Bob Hoskins Bob Hoskins wrote:

The Bear run is over and the Crypto bandwagon jumps into a bull run. 

If you have a spare few hundred and wanted to put it to a long term bet for a bit of craic, buy some crypto. It will go up massively and drop again like it has since the start, but in the longer term 5-10 years that few hundred could be worth a lot.

Bitcoin hitting €100,000 or even a Million is not so outlandish a prospect anymore. 

Based on what fundamentals will it hit €100,000?

The barriers to entry are non existent. If you must buy, buy Bhobcoin. 

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Bob Hoskins View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bob Hoskins Quote  Post ReplyReply Direct Link To This Post Posted: 16 May 2019 at 5:07pm
based on adoption and growing users. The key to it's proper breakout is simply been able to use it and spend it, which is slowly happening

All the big financial institutions are getting into blockchain and making their own coins. But they are 10 years behind Bitcoin, first to market and all that. 

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Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government.
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