Cryptocurrency

[scooterscot]

When tulipcoins were at low value and overall transaction volume was small that made it easy to hide activities of the exchanges, but now that the "exchange rate" is so high and there are billions at stake you may find it's not possible to actually change meaningful amount of tulipcoins into cash (or vice versa) - unless it's a big private deal.

Why would you want to change them into cash? Into a centralised system? If 2008 taught us anything it was not to trust central banks. You don't see Bitcoin printing money, or robbing you of savings.

[AtW]

Why would you want to change them into cash? Into a centralised system? If 2008 taught us anything it was not to trust central banks. You don't see Bitcoin printing money, or robbing you of savings.

And when they forked into tulipcoins v2 they did not instantly created lots of new tulipcoins?

I'd rather have old boring Central Banks, thanks.

[FrontEnder]

Do you work for free?

Obviously something as IMPORTANT as payment processing costs money, like it fecking should!

And "Bitcoin"'s transaction confirmation costs money - without which there was no transaction!

Transaction confirmation AND safe storage can not be quicker/safer in "blockchain", which is mostly controlled by feck knows whom "mining" in China, which in practice means Chinese Govt got all the leverage.

Blockchain is NOT efficient solution... unless you are a criminal who can't rely on single point of failure, not from technical point of view but from legal money-get-arrested point of view. Now for those guys blockchain is perfect, which is yet another reason why it should be nuked ASAP.

The only reason "bitcoin" is even mentioned in the news is due to speculative bubble that was created in large part due to mass media.

I'll repeat this again, since you obviously missed it: I didn't say it should be free.

My point is that blockchain has shown it can be done much cheaper. That's why, for example, banks all over the developing world are signing up to ripple.

So saying it's free to make a PayPal payment or FPS is an odd argument. It's not free for everyone involved in the system. PayPal and visa aren't even free for all their users.

"Transaction confirmation AND safe storage can not be quicker/safer in "blockchain"

A bold and sweeping statement. Care to back that up with any sort of evidence?

[AtW]

My point is that blockchain has shown it can be done much cheaper.

No, it's NOT much cheaper, not much safer, not more private.

But it's the only way criminals can in effect exchange money bypassing money laundering laws, which is why it got picked up in the first place and later by cretins who thought to jump onto bandwagon and make a quick buck.

"Transaction confirmation AND safe storage can not be quicker/safer in "blockchain"

A good and sweeping statement. Care to back that up with any sort of evidence?

You want evidence? Tulipcoin already can't handle confirmations fast, at best I believe it's 10 minutes wait, and that's super lucky and if you pay through the nose, transaction confirmation costs only growing on tulipchain.

[scooterscot]

And when they forked into tulipcoins v2 they did not instantly created lots of new tulipcoins?

I'd rather have old boring Central Banks, thanks.

fork as much as they want, there's a reason why the forks exist - all trying to copy the success of bitcoin and improve upon what they see as flaws.

[AtW]

fork as much as they want, there's a reason why the forks exist - all trying to copy the success of bitcoin and improve upon what they see as flaws.

So somebody one day "improves" it and your wealth stored in tulipcoins v10 becomes worthless?

No thanks!

[AtW]

Cryptotulip right now is effectively illegal public share offerings with unauthorised stock exchanges showing stock prices.

The whole thing is a fraud.

[Agent]

Whats the thoughts on XML? Still due to go up more? ANy ideas on when it will max out?

[AtW]

Whats the thoughts on XML? Still due to go up more? ANy ideas on when it will max out?

You've missed the boat with XML mate, it's JSON now...

[scooterscot]

So somebody one day "improves" it and your wealth stored in tulipcoins v10 becomes worthless?

No thanks!

thinking - like saying an independent Scotland copies the pound and the original becomes worthless. Well maybe you're on to something...