Bitcoins

[neptronix]

Well, we've had some pretty bodacious dips due to the FUD with south korea and the insider trading shit that their government has been doing. Yet, the market is still alive and growing after the weak hands have been shaken out. Crypto certainly isn't going away.

I bought during a couple of those dips. Haven't sold a thing.

I started ethereum mining in 06-2017, and i remember that it was very hard to buy a GPU back then. It's even crazier today.. buying graphics card at the moment is close to impossible.

https://arstechnica.com/tech-policy/201 ... -shortage/

I'm thinking about selling mine at twice the cost because of this insane mismatch between supply and demand.. although the 6-8 dollars a day my computer earns me is pretty hard to turn away from..

[Punx0r]

I have access to a twin CPU Xeon e5 2603v4 6-core with 256GB RAM and an Nvidia quadro M4000 graphics card with free electricity that's sat idle 99% of the time. Would this be any use?

[GeriatricGeoffrey]

I'm 24 and feel like I'm far too old to even begin to understand this crypto madness.

[Dauntless]

I'm 24 and feel like I'm far too old to even begin to understand this crypto madness.

I can scare you even further. The International Monetary Fund has its' own crypto currency. It's called the SDR. Special Drawing Rights. I suspect the basic scam is to get China to be left holding the bag as it collapses, as China buys them up from whomever the IMF gives them out to. China has some gold in their national reserve, but also some U.S. Treasury bonds as well as the SDRs. So an international monetary crisis much as 2008 is really gotta nail them, eh? But it turns out that the richer people in China own 4 times as much gold as their government, in fact they own more than the United States government or all the Eurozone governments. . . .

[neptronix]

I have access to a twin CPU Xeon e5 2603v4 6-core with 256GB RAM and an Nvidia quadro M4000 graphics card with free electricity that's sat idle 99% of the time. Would this be any use?

That would be awesome for mining Monero or any other cryptonote based coin.

I am currently mining turtlecoin ( cryptonote algo ) on 2 of 4 cores on my machine, and ethereum on 2 GPUs.. it's a nice setup..
Putting 12 cores to work on turtlecoin cpu mining would be pretty nice ...

[neptronix]

I'm 24 and feel like I'm far too old to even begin to understand this crypto madness.

I'm in my mid 30's.. If i can understand this in a few months of reading every day, you should be able to as well

[Dauntless]

I'm 24 and feel like I'm far too old to even begin to understand this crypto madness.

If you really want to do that to yourself, you can learn all about Bitcoin. So would you rather be taught by Princeton? https://www.coursera.org/learn/cryptocu ... ion=enroll Or by actual Bitcoin fraudsters? https://www.coursera.org/learn/ibm-bloc ... developers They're both free if you just want to audit, but if you want a final grade and a certificate to use it on you resume that'll cost you.

[Dauntless]

http://money.cnn.com/2018/01/29/technol ... index.html

A cryptocurrency exchange in Japan is coming under government scrutiny after it said hackers stole $530 million from its users.

The exchange, Coincheck, has promised to partially refund the 260,000 cryptocurrency investors affected by the theft, although it didn't say when it would do so or where it's getting the money from.

[Dauntless]

https://www.washingtonpost.com/business ... 40f4d503d4

Oh yeah, here we go. It's for the "Little guy." All this self righteous indignation about how they deserve something for nothing and people want to keep them from what's theirs. Next thing you know they lose big and they're howling about Wall Street did it to them. Not that Wall Street has any power over BItCoin, but it's how the game is played, blame Wall Street. It's all the pavements' fault.

[Dauntless]

http://money.cnn.com/2018/03/07/technol ... otListpool

Oops, they must be feeling a little less trendy, there.

[Dauntless]

$7,929.68, as of this posting.

http://money.cnn.com/2018/03/27/investi ... index.html

[Dauntless]

https://www.marketwatch.com/story/bitco ... 2018-04-17

https://cointelegraph.com/news/japanese ... -fake-fiat

[Dauntless]

Bitcoin price manipulated? Why do you need to ask? Is there a currency today that is NOT manipulated?

https://www.forbes.com/sites/petertchir ... a5b6d72be9

https://www.forbes.com/sites/forbestech ... 0894884f1f

[Dauntless]

So the untraceability that's supposed to be the great advantage of crypto currency is apparently killing it. But I'm sitting up retracing a relatives' financial collapse and it seems cash was the more efficient thing to bleed out.

http://money.cnn.com/2018/06/11/investi ... index.html

[Arlo1]

Bitcoin price manipulated? Why do you need to ask? Is there a currency today that is NOT manipulated?

https://www.forbes.com/sites/petertchir ... a5b6d72be9

https://www.forbes.com/sites/forbestech ... 0894884f1f

As it gets distributed to many more people it will be harder to manipulate.

[Dauntless]

https://www.cryptoglobe.com/latest/2018 ... -price-up/

Trying to make sense of this, they say that the fall from nearly $20k was caused by the introduction of buying futures. (??) I suppose that means that there's fewer to buy if others have an option. But there's this contract expiring on Friday that is supposed to drive prices down. Bitcoin deals not with 200 day moving averages but 200 HOUR and less. You can read up on 50 hour moving averages and while that's always relevant it doesn't usually drive the market if there's not a dramatic moment going on. It seems it's always drama for Bitcoin.

There's also the suggestion that the institutional investors are getting on board. But they aren't supposed to be interested in Bitcoin or the existing coinage, they want something new.

Also the big concern about the open source code modifications is I guess still looming but I haven't heard of the nightmares hitting. I suppose that might have something to do with this WEX that is selling all the cryto at higher prices than elsewhere.

https://www.cryptoglobe.com/latest/2018 ... -price-up/

[Sunder]

Nothing quite so complex.

Having a futures market was positive news for Bitcoins, hence a ramp up in price while it was still a rumour. When the rumour was confirmed by the SEC, those holding only to benefit from the rumour sold when the rumour was confirmed, hence the fall.

[neptronix]

I'll be honest. I sold all of mine in December while the crash was happening and still don't regret it at all.

I spent many months reading about various cryptocurrencies on a daily basis.. i still have no idea what makes the market tick, nor do i see cryptocurrency being used in real life as a reality. I've decided to play with stocks and CDs these days, because at least there is a clearer cause and effect in their motions.

[LockH]

Hehe... Crypto currency in the news again... this time tied to electric bikes.



UK Bicycle Company Allows You To Generate Cryptocurrency While You Cycle:
https://cryptocoinspy.com/uk-bicycle-co ... you-cycle/

Starts:

A bicycle manufacturer based in Twickenham, UK, has developed an electric bicycle that generates cryptocurrency while you ride it.

The digital e-bike, dubbed the TOBA, is ready for release next month and 50cycles has published some promotional photographs of it ahead of the launch. The company is the first to create a concept of this nature, morphing the world of cryptocurrency into the health and fitness industry.

TOBA bikes seen here:
https://www.50cycles.com/electric-bikes/brands/toba

Article ends:

50cycles already accepts cryptocurrency payment for retail products at its store and hopes the TOBA bicycles will get more people interested in the digital assets market. For every 1000 miles pedaled, users will generate 10 ‘TOBA Tokens’ (approximately £20). TOBA Tokens are the companies own cryptocurrency which is based on NEM blockchain technology.

TOBA Tokens can be traded for Bitcoin (BTC), Litecoin (LTC), NEM and Digibytes (DGB) or redeemed for goods at a number of participating outlets in the UK. Customers receive a free TOBA wallet and mobile app which communicates with the bicycle in order to monitor usage and generate currency.

The system works like a rewards incentives plan, earning users income while also promoting eco-friendly transport and healthy living. Furthermore, crypto-enthusiasts who choose to purchase a TOBA bicycle using cryptocurrency will receive a £150 discount.

The concept represents exactly the type of innovative developments that are necessary for accelerating mainstream cryptocurrency adoption.

[Dauntless]

Sounds more like cryptoscrip. I'm not getting why anyone would trade for it. Not that trading for Bitcoin makes so much sense.

[Dauntless]

So is the end near? Or shall it be a slooooooooow death?

https://money.cnn.com/2018/09/06/techno ... index.html

[Dauntless]

https://money.cnn.com/2018/09/11/invest ... index.html

[Punx0r]

"man loses savings due to deadly combination of greed and stupidity"

[Dauntless]

https://cointelegraph.com/news/markets- ... me-in-2018

[neptronix]

Yeah she's seemingly dead.
Stock market's gone soggy too.

So glad i sold it all. Especially the crypto stack. But somehow my turtlecoin i mined on day 4 of the currency's release is suddenly worth something. Dunno how that works.