Cryptocurrency

[FrontEnder]

The two are not mutually exclusive.

Indeed. Neither are the what I was originally going to put - trolling or thick as pig tulip.

[milanbenes]

A config file.



You're either trolling or you really do not understand it.

It's cryptographically set so that changing the fundamentals like the limit after it's initial creation means you have to change the WHOLE blockchain. Considering the computing power that has gone into that over the last few years, it's a practical impossibility. It would require computing power far in advance of what we are capable of and will be capable of for the foreseeable future.

And then even if you did have that amount of power to do it, you'd have to do it across all the nodes (or at least above a certain percentage of them) all at once.

neither

yes I read the gumph

but I don't believe the story

and it's a classic, money/currency is based upon trust isn't it

do you trust the story that's the question, me, no


I am totally confident, that despite the romance of the beautiful story that you've all bought into, there is of course a back door

I'll leave the rest to your imagination

Milan.

[FrontEnder]

neither

yes I read the gumph

but I don't believe the story

and it's a classic, money/currency is based upon trust isn't it

do you trust the story that's the question, me, no


I am totally confident, that despite the romance of the beautiful story that you've all bought into, there is of course a back door

I'll leave the rest to your imagination

Milan.

The evidence is there, in a pubic open ledger. Just like the evidence is there that you don't understand it by saying "there must be config file somewhere". There isn't. Have a look at the code yourself.

[vadhert]

yes I read that on google too

but come on, do we really believe it ?

Obviously, there's a config file for the core algorithm where you set the MaxNumberOfCoins=



if you believe that crap that it's unbreakably fixed at 21million, and oh it's so romantic, the more there are the harder they are to mine and oh Mills and Boon and Daniela Steel all in one, estimated by 2040 they'll all be mined

for feck's sake

kids today eh

Milan.

You make yourself sound like a bit of an arrogant twunt.

When the reality is you missed the early boat on making a vast amount of money.

Just saying

[BR14]

i STILL don't see any easy way of spending these magic beans on anything i'd actually want.

[northernladyuk]

neither

yes I read the gumph

but I don't believe the story

and it's a classic, money/currency is based upon trust isn't it

do you trust the story that's the question, me, no


I am totally confident, that despite the romance of the beautiful story that you've all bought into, there is of course a back door

I'll leave the rest to your imagination

Milan.

I think, Milan, that your instinct is correct in that you smell bulltulip, but you have incorrectly diagnosed the source of the stench. I expect that people with more technical expertise and more inclination to look into it are content that the blockchain 'thing' is secure and that the supply is therefore finite.

The stench, I think, arises from the speculative nature of ownership, and what that says about long-term value. People are piling in because everyone else in piling in and there's a killing to be made. Eventually, they'll all pile out and it will be worthless. But that doesn't mean that the technology is a fraud.

But it's no good telling that to people bought into the mania. Some will get out in time and make a killing off those left holding the baby at the end.

[vadhert]

i STILL don't see any easy way of spending these magic beans on anything i'd actually want.

https://bitpay.com/

[milanbenes]

You make yourself sound like a bit of an arrogant twunt.

When the reality is you missed the early boat on making a vast amount of money.

Just saying

So let's stop accusing doubters of being haters, or stupid, or jealous, because that's not the case

I am happy for others to be successful, good on you, and long may it last

As an investor I don't see investment fundamentals in BitCoin

As a way of transferring funds anonymously it's the stuff of dreams, as an investment, I have my doubts

Milan.

[Lance]

i STILL don't see any easy way of spending these magic beans on anything i'd actually want.

Steam take BTC as payment for software.
And then there's always the Darkweb if you want someone beaten up, or some stolen credit card details (drugs, guns and other illegal items).

On the whole though, there aren't many legitimate retail opportunities (yet).

[FrontEnder]

I think, Milan, that your instinct is correct in that you smell bulltulip, but you have incorrectly diagnosed the source of the stench. I expect that people with more technical expertise and more inclination to look into it are content that the blockchain 'thing' is secure and that the supply is therefore finite.

The stench, I think, arises from the speculative nature of ownership, and what that says about long-term value. People are piling in because everyone else in piling in and there's a killing to be made. Eventually, they'll all pile out and it will be worthless. But that doesn't mean that the technology is a fraud.

But it's no good telling that to people bought into the mania. Some will get out in time and make a killing off those left holding the baby at the end.

I can totally understand this argument. I think there's massive potential in the technology, but I'm not putting my life savings into it (probably because I don't have any, lol). Personally I think we've just seen a bubble burst, but you've got to look into in context. There's been bubbles before and there will be again. It's an immature and highly volatile market and in this age of instant information, a big story causes massive disruption.

Personally I'm in the middle. I have faith in the technology and there's a ton of real world use cases, but not necessarily on the long term value of it. I'm pretty sure that 90% of altcoins will become worthless.

I've put a couple of hundred quid in an played about with trading for a bit of fun. I see it as a fairly low risk form of gambling at the moment. I've down about a hundred quid right now, but I haven't "lost" yet. If I'd put that on the horses and lost the money would be gone, but there every change that the cash I've put in will increase again and possibly be worth far more in a year than I had it.

I think I'm gonna change my strategy here and just buy an amount of I'm comfortable losing when there's a dip in the market.