Cryptocurrency

[BrilloPad]

Deflationary money is reactionary. It rewards people for being first, not for being productive. It encourages people not to spend and not to invest in something other than money, which is bad for economies.

More importantly, it does not allow governments to "default by stealth".

 

[Lance]

More importantly, it does not allow governments to "default by stealth".

Correct. That is part and parcel of ‘deflationary’.

 

[psychocandy]

Not everyone is obsessed with PC....

He stalks me because he loves me a lot.

 

[SunnyInHades]

Bitconnect Ltd. Anyone know/worked with 'em ?

One director, English name .. looks like he rented a Regus office in Ashford (The Panorama, Park Street, Ashford, England, TN24 8EZ). Incorporated Aug 2016, according to companycheck.co.uk no accounts/confirmation statement submitted yet.

There's also a BITCONNECT INTERNATIONAL PLC formed early Sep this year with a registered office of
Grant Thornton House, 22 Melton Street, London, NW1 2EP - that tower block next to Euston.
Lots of Asian looking names on the 14 Directors & Secretaries list of that new company. Big Asian investment/purchase ?

Huge crypto funds floating around Bitconnect - in addition to BCC itself they operate a 'could be shady'
'Buy BCC with BTC, lend BCC to AI auto trading bot for set period, get percent of bot winnings each day .. approx 1% - never loses' scheme.

Some say its a Ponzi scheme and the 'bot' is bogus to blindside/mug off punters -
new dudes who sign up actually pay the 'interest' accrued by dudes who signed up before 'em.
Genius of the scheme is use of their own minted (and pre-mined) BCC Crypto with locked in time periods.

Some guys who have been in since the start appear to be making tulip loads.

Is it a Ponzi ? Or is the 'bot' a work of genius ?

 

[FrontEnder]

Bitconnect is definitely a ponzi

 

[ProInDisguise]

Bitcoin seems to recovering today, back above $6,500 now.

 

[psychocandy]

Bought some zen last week so scooter owed me dosh if it bombs. IT did a bit over the weekend as did bitcoin but its recovering now.

Didnt want to let nluk down by doing what someone else suggests....

 

[BrilloPad]

He stalks me because he loves me a lot.

Not as much as you love him.....

 

[scooterscot]

Bought some zen last week so scooter owed me dosh if it bombs. IT did a bit over the weekend as did bitcoin but its recovering now.

Didnt want to let nluk down by doing what someone else suggests....

now don't watch it every day, come back 6 months later - I'm trying to do the same.

Good man..

I had 240 dash tokens earlier this year and I'm now wondering if I'd been better off just holding them - but I don't think so. Point is, if the project is good then holding is the ticket.

 

[VirtualMonkey]

bitcoin cash appears to be pumping again...best part of 20% in the last hour or so