Originally posted by Jog On
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Cryptocurrency
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Originally posted by BR14 View Postwhat's the point of money you can't spend?? sounds like one huge con to me. i think i'll stick to cash.
Vegas strippers are now accepting Bitcoin | Mashable
If you've amassed a fortune in Bitcoin and don't know how to spend it, here's an idea: Go to Las Vegas and squander it all on booze and lap dances.
Legends Room is a "gentleman's club" that accepts Bitcoin, Ethereum, and its own cryptocoin LGD for all transactions.Comment
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Originally posted by BrilloPad View PostI one worked on a precious metals trading system. The back office is complex as the traders only trade approximate amounts. The actual bars have to be weighed...."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by Jog On View PostDoes that help me buy a bag of chips when the FIAT system collapses?Comment
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Originally posted by FrontEnder View PostYou sell them on an exchange for cold hard FIAT currency.
no, - it's a massive con. - sod it!Comment
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Originally posted by BR14 View Postnothing to stop the 'exchange' keeping the money and going bust though AFAICS.
no, - it's a massive con. - sod it!
I was reading an article recently on the slow take up in electricity at the end of the 19th century. Steam was very popular for a long while afterwards. The same with computing - in the last 50 years some companies have made great improvements and others have stayed still.
It takes time for culture to change. Crypto needs time....Comment
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Originally posted by BR14 View Postnothing to stop the 'exchange' keeping the money and going bust though AFAICS.
no, - it's a massive con. - sod it!
The exchanges are quite profitable, taken a small% of every transaction is pretty lucrative. I don't think there's an incentive for the ones that have been operating for a while to take your money and run.
I'd be very wary of new ones though.Comment
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Originally posted by FrontEnder View PostIt's only a matter of time before they're licensed and regulated.
The exchanges are quite profitable, taken a small% of every transaction is pretty lucrative. I don't think there's an incentive for the ones that have been operating for a while to take your money and run.
I'd be very wary of new ones though.
being a professional cynic helps tooComment
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Originally posted by BR14 View Postok, but when i see something touted to be the next greatest thing, which is easy to buy with normal currency, but complex and difficult to sell, - i smell rats.
being a professional cynic helps tooComment
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Originally posted by FrontEnder View PostIt's no harder to sell than it is to buy.
What am I missing?Comment
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