Bitcoins and Other Crypto-currencies

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darksideby182
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PostRe: Bitcoins and Other Crypto-currencies
by darksideby182 » Fri May 28, 2021 11:17 am

Errkal wrote:Friday slump :lol: its hardly been on fire up to this point this week.

I have noticed most Fridays crypto has a slump probably people taking the weekly profits/investments out.

Last edited by darksideby182 on Fri May 28, 2021 11:18 am, edited 1 time in total.
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darksideby182
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PostRe: Bitcoins and Other Crypto-currencies
by darksideby182 » Fri May 28, 2021 11:18 am


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Rocsteady
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PostRe: Bitcoins and Other Crypto-currencies
by Rocsteady » Fri May 28, 2021 11:54 am

pjbetman wrote:
Rocsteady wrote:
Fuzzy Dunlop wrote:
Samuel_1 wrote:I'm not saying it couldn't, I'm just saying it's madness and those who are "predicting" these prices are doing so for extremely cynical and extremely transparent reasons. Of course they want the prices to go up, of course they want to make such investments seem attractive; they're at the top of the pyramid.


Well not everyone who is predicting a six figure Bitcoin is doing it for cynical reasons and are in some super ponzi scheme. They are genuinely just making a prediction on what price they think it will achieve according to previous and current data.
Don't get me wrong, there are a lot of Youtubers who do exactly what you say, but there are a few who don't have ridiculous click bait titles and images. Bit unfair to tar them all with the same brush IMO.

Do you not think at some point in the future, someone is going to be left holding the bag with a worthless digital item?

When and why would crypto become actually useful beyond buying smack and AK's? Best case scenario, I see corrupt state money becoming involved and that maintaining a high price as the Russians and Saudis find the money laundering less hassle than with fiat.


Instant settlements, worldwide? This is another part of the financial revolution. Not having the nostro/vostro antiquated system will revolutionise the banking system. Things will be so much more efficient.

I simply don't believe this is true. Right now I can switch my GBP to any currency in the world within a day or two at minimal cost. Is reducing that by a matter of a few hours going to be worth the humongous additional risk of devaluation and general price fluctuation?

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Rocsteady
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PostRe: Bitcoins and Other Crypto-currencies
by Rocsteady » Fri May 28, 2021 11:59 am

Fuzzy Dunlop wrote:
Rocsteady wrote:Do you not think at some point in the future, someone is going to be left holding the bag with a worthless digital item?

When and why would crypto become actually useful beyond buying smack and AK's? Best case scenario, I see corrupt state money becoming involved and that maintaining a high price as the Russians and Saudis find the money laundering less hassle than with fiat.


Erm, hard to say, with Bitcoin. Quite possibly as it's first gen blockchain technology and with that comes restrictions and it's harder to innovate compared to other, newer blockchains. It's only real use case that I can see is that of digital gold. I mean if currency is to become pretty much all digital then having an asset which replicates gold makes sense?
There are a lot of other cryptocurrencies that are better for payments, smart contracts etc than Bitcoin.

And they are some amazing cases for crypto being useful. Cardano is looking to give economic identity to Africa, banking the unbanked. They have made agreements with governments in Ethiopia, Tanzania, Georgia. VeChain is looking to tackle the supply chain problem and has a real use case and has partners with BMW, Walmart, H&M etc.
I mean currently I have my Cardano staked with a stake pool which is dedicated to helping tackle climate change, it's really cool, you get 4-5% APY and your helping a good cause. It's a win win.

This is an interesting post. I still find it hard to believe that any government will give up the power that comes inherent in having a major stake in your monetary policy.

The Euro can be used as an argument for the above, I reckon - for the smaller countries with less say in future monetary policy, there had to be an absolute ton of guarantees and reassurances for its adoption. And that's with a massively powerful supranational organisation lending its full weight; something that crypto will never be able to do.

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Peter Crisp
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PostRe: Bitcoins and Other Crypto-currencies
by Peter Crisp » Fri May 28, 2021 12:06 pm

darksideby182 wrote:https://www.bbc.co.uk/news/uk-england-birmingham-57280115

Nice try.


The shocking cable management should add 5 years to the sentence :x .

jiggles wrote:Nobody with a VR headset is going to be using it regularly this time next year, let alone in 4 years time.


Posted 16th March 2016. Let's see.
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Errkal
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PostRe: Bitcoins and Other Crypto-currencies
by Errkal » Fri May 28, 2021 12:10 pm

Peter Crisp wrote:
darksideby182 wrote:https://www.bbc.co.uk/news/uk-england-birmingham-57280115

Nice try.


The shocking cable management should add 5 years to the sentence :x .


I second this motion.

pjbetman
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PostRe: Bitcoins and Other Crypto-currencies
by pjbetman » Fri May 28, 2021 10:51 pm

Rocsteady wrote:
pjbetman wrote:
Rocsteady wrote:
Fuzzy Dunlop wrote:
Samuel_1 wrote:I'm not saying it couldn't, I'm just saying it's madness and those who are "predicting" these prices are doing so for extremely cynical and extremely transparent reasons. Of course they want the prices to go up, of course they want to make such investments seem attractive; they're at the top of the pyramid.


Well not everyone who is predicting a six figure Bitcoin is doing it for cynical reasons and are in some super ponzi scheme. They are genuinely just making a prediction on what price they think it will achieve according to previous and current data.
Don't get me wrong, there are a lot of Youtubers who do exactly what you say, but there are a few who don't have ridiculous click bait titles and images. Bit unfair to tar them all with the same brush IMO.

Do you not think at some point in the future, someone is going to be left holding the bag with a worthless digital item?

When and why would crypto become actually useful beyond buying smack and AK's? Best case scenario, I see corrupt state money becoming involved and that maintaining a high price as the Russians and Saudis find the money laundering less hassle than with fiat.


Instant settlements, worldwide? This is another part of the financial revolution. Not having the nostro/vostro antiquated system will revolutionise the banking system. Things will be so much more efficient.

I simply don't believe this is true. Right now I can switch my GBP to any currency in the world within a day or two at minimal cost. Is reducing that by a matter of a few hours going to be worth the humongous additional risk of devaluation and general price fluctuation?


That isnt true in my experience. In March i transferred about 10k from a foreign bank accont to my UK current. It took 4 days. Then i returned the amount straight away (this was for CGT tax purposes), which cost me £15 and took another 3 or 4 days. Sending the same amount of BTC takes 10-15 minutes and costs about £2.

The transaction may register in your account within a day or two but that's because it's using the Nostro/Vostro system. The amount wont actually settle for a couple more days. The transaction is quick (not really compared to BTC), but settlement is several days. This is crypto's killer App. It's kinda what it was made for - automated transaction AND sttlements with no third input required.

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Curls
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PostRe: Bitcoins and Other Crypto-currencies
by Curls » Sat May 29, 2021 1:40 pm

https://blog.crypto.com/crypto-coms-climate-commitment/

Crypto.com’s Climate Commitment:
Become Carbon Negative in 18 Months

HONG KONG, 27 May 2021 — Crypto.com today announced an ambitious goal of becoming carbon negative within 18 months. Crypto.com commits to offsetting more carbon than is generated by all activities across the organization through a multi-phased approach.

Starting immediately, the first phase will focus on an assessment of the carbon generated through cryptocurrency trading, deposit and withdrawal activities across all of Crypto.com’s platforms (App, Exchange, NFT, DeFi, and Crypto.org Chain). The second phase will identify the most effective ways to offset the carbon generated, with the support of accredited organizations specializing in carbon offsetting and sequestration. The third phase will focus on the carbon generated through all of the business activities conducted by Crypto.com which fall outside of trading (eg: marketing activities, work-place services, business travel, etc). Once the assessment is complete, these figures will be incorporated into Crypto.com’s carbon offsetting and sequestration program which will offset more carbon than is generated. A third-party auditor will be retained to offer accountability to Crypto.com’s customers and the broader public. All three phases will be completed within 18 months.

“The climate crisis is the most pressing issue of our time” said Kris Marszalek, co-founder and CEO of Crypto.com, “Committing to becoming a carbon negative company is just the beginning of our efforts. As we further invest in building out the Crypto.org Chain Ecosystem we will offer the industry a path towards clean crypto.”

Committing to becoming carbon negative is the latest step Crypto.com has taken on the path towards addressing the climate crisis. In March 2021, after more than two years of research and development, the Crypto.org Chain was released to the public. A fully decentralized blockchain, the Crypto.org Chain is built on the Proof of Stake (PoS) model, which is >90% more energy efficient than Proof of Work (PoW) blockchains. The first two use cases to be released in Q2 2021 include emission-free NFT Minting, and support for migration of Ethereum (PoW) based protocols via the Crypto.org Ethereum Virtual Machine (EVM) Chain.

About Crypto.com

Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.

Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting https://crypto.com



Interesting. I wonder if this will have a positive impact on CRO?

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Curls
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PostRe: Bitcoins and Other Crypto-currencies
by Curls » Thu Jun 03, 2021 10:15 am

Anyone heard of Pi?

Seems like it won't take off. But for the effort of one click a day I thought I may as well download it to my phone and give it a go. Sharing text copied below in case anyone wants to read about it or join up.



I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/huw2208 and use my username (huw2208) as your invitation code.

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Dual
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PostRe: Bitcoins and Other Crypto-currencies
by Dual » Thu Jun 03, 2021 10:22 am

Looks like a pyramid scheme.

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BID0
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PostRe: Bitcoins and Other Crypto-currencies
by BID0 » Thu Jun 03, 2021 10:32 am

doge is on coinbase today :nod:

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That's not a growth
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PostRe: Bitcoins and Other Crypto-currencies
by That's not a growth » Thu Jun 03, 2021 4:46 pm

Cardano is back to profit for me, but I've noticed it's done this a few Thursdays in a row, so I'm going to take a punt and withdrew it and see if it drops over the next few days. If I've got this wrong at least I'm not losing anything.

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Dual
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PostRe: Bitcoins and Other Crypto-currencies
by Dual » Thu Jun 03, 2021 5:30 pm

BID0 wrote:doge is on coinbase today :nod:


That's got to be worth a cheeky £25 punt hasn't it?

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Albear
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PostRe: Bitcoins and Other Crypto-currencies
by Albear » Thu Jun 03, 2021 8:01 pm

Said that about your mum last night

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Rex Kramer
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PostRe: Bitcoins and Other Crypto-currencies
by Rex Kramer » Fri Jun 04, 2021 7:59 am

That's not a growth wrote:Cardano is back to profit for me, but I've noticed it's done this a few Thursdays in a row, so I'm going to take a punt and withdrew it and see if it drops over the next few days. If I've got this wrong at least I'm not losing anything.

This is my plan for the next few weeks, buy around £1-£1.05 then transfer into Tether if it hits above £1.25. Then rinse and repeat. It does seem to cycle to a maximum price around Thursday afternoon and then take a sharp drop (as seen this morning).

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BID0
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PostRe: Bitcoins and Other Crypto-currencies
by BID0 » Fri Jun 04, 2021 9:19 am

Dual wrote:
BID0 wrote:doge is on coinbase today :nod:


That's got to be worth a cheeky £25 punt hasn't it?

Buy high, sell low!

twitter.com/coinbase/status/1400571428009779202


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Knoyleo
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PostRe: Bitcoins and Other Crypto-currencies
by Knoyleo » Sun Jun 06, 2021 10:24 am

Because of course this is how the El Salvadorian president who wants to make Bitcoin legal tender dresses.

https://www.bbc.co.uk/news/world-latin-america-57373058

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President tech-bro. :lol:

pjbetman wrote:That's the stupidest thing ive ever read on here i think.
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Curls
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PostRe: Bitcoins and Other Crypto-currencies
by Curls » Sun Jun 06, 2021 12:34 pm

Just bought some stellar on Sunday. With the intention of selling it all and keeping the difference on mon/Tues when it inevitably (said tongue in cheek) goes back up.

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Curls
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PostRe: Bitcoins and Other Crypto-currencies
by Curls » Sun Jun 06, 2021 12:35 pm

27p per unit buy in. Hoping for a 30p per unit sell in 2 or 3 days.

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Moggy
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PostRe: Bitcoins and Other Crypto-currencies
by Moggy » Sun Jun 06, 2021 6:27 pm

A friend of mine wants to get into crypto but he's been unable to register with Coinbase, he wants me to suggest an alternative. Apparently as the "computer guy" I should know about this, but I know strawberry float all about cryptocurrency.

Are there any Coinbase alternatives I could suggest to him?

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