The Bitcoin Thread

[dj2381]

I invested some ETH. There are other cards out there as well, so probably a bit risky, but they seem to have a good team, marketing etc. etc. Holding thumbs

Thanks, I might invest a small amount.

 

[balrog]

How do you take part in Civic ? Are you based in the US.

Heavily edited.... I was hoping to get into the token sale but its currently limited to the US only it seems.

Token sale anybody can participate in - it is only the product that is initially US based, I think. But always read up and do research before you invest in anything.

 

[Sly21C]

Any opinions on the Monaco ICO? it looks interesing.

I sent 0.5 ETH to Monaco. I think they have a very good concept, and will be a good investment in the long term. I wish I had more money, I would have sent at least 5 ETH.

 

[Tjoker]

Why did BTC drop so much in the last few hours??

 

[Adenoid Hynkel]

Why did BTC drop so much in the last few hours??

Profit taking

 

[Fulcrum29]

I invested some ETH. There are other cards out there as well, so probably a bit risky, but they seem to have a good team, marketing etc. etc. Holding thumbs

I ventured into the many ICO’s Slack discussions, like the many others, they only talk smack on Monaco's Slack… the devs must dig deep into those comments to garner any quality posts. It only seems that the most are into this to get rich quick, little contribution is little value.

 

[Excalibur]

What would be a cheaper way to buy ETH? Buy BTC on Luno then transfer to an exchange and then buy ETH with BTC or, deposit ZAR on ICEX and buy ETH directly?

 

[Excalibur]

Why did BTC drop so much in the last few hours??

Internal strife regarding how to deal with big block size, possible breakaway/division.

 

[Sly21C]

What do you guys think of iota? I hear it's gonna be big & as successful as ethereum when it first came out.

From what I've read, iota uses tangle which solves the scaling issue that bitcoin has. All iota coins are in circulation already, so no need for mining. And I think it'll make iota deflationary which will make its coin increase in value.

I've already put some of my money into iota, I'm wondering if I shouldn't put more. I don't want to be where I am now, wishing I bought into ethereum when it was still $8 or so.

 

[Thor]

What do you guys think of iota? I hear it's gonna be big & as successful as ethereum when it first came out.

From what I've read, iota uses tangle which solves the scaling issue that bitcoin has. All iota coins are in circulation already, so no need for mining. And I think it'll make iota deflationary which will make its coin increase in value.

I've already put some of my money into iota, I'm wondering if I shouldn't put more. I don't want to be where I am now, wishing I bought into ethereum when it was still $8 or so.

Every coin wants to be ethereum. Careful about promises lots of these new coins are borderline ponzi sales pitches. Because the creates of the coin needs to convince people to buy their product. So often filled with lies.

 

[C4Cat]

What do you guys think of iota? I hear it's gonna be big & as successful as ethereum when it first came out.

From what I've read, iota uses tangle which solves the scaling issue that bitcoin has. All iota coins are in circulation already, so no need for mining. And I think it'll make iota deflationary which will make its coin increase in value.

I've already put some of my money into iota, I'm wondering if I shouldn't put more. I don't want to be where I am now, wishing I bought into ethereum when it was still $8 or so.

From briefly browsing it looks very interesting, will definitely read up more.

 

[Sly21C]

Every coin wants to be ethereum. Careful about promises lots of these new coins are borderline ponzi sales pitches. Because the creates of the coin needs to convince people to buy their product. So often filled with lies.

Noted, I'm still researching and reading up on it. So far, the posts I've read on reddit tended to be on the negative side while bitcointalk posts tend to be positive. I'm gonna try read and research as much as possible. So far I see iota being huge in 3 or 5 years or so, it won't grow as fast as ethereum I think.

Edit: Ubiq definitely wants to be another ethereum which is why I lost interest as I think it won't succeed.

 

[dj2381]

Ouch, so much red, my eyeeeees!

 

[Alton Turner Blackwood]

I've got some BTC, I'm just waiting for the right moment to change it for Eth, but its been weeks now

 

[C4Cat]

Noted, I'm still researching and reading up on it. So far, the posts I've read on reddit tended to be on the negative side while bitcointalk posts tend to be positive. I'm gonna try read and research as much as possible. So far I see iota being huge in 3 or 5 years or so, it won't grow as fast as ethereum I think.

Edit: Ubiq definitely wants to be another ethereum which is why I lost interest as I think it won't succeed.

Iota isn't based on blockchain like the other crypto-currencies, it's focus is micropayments, which are not feasible using bitcoin, specifically within the IoT. Looks really interesting

 

[RaptorSA]

This article about Morgan Stanley's view on Bitcoin is hilarious.... jirre, these old dinosaurs clearly have no clue what they're talking about.

https://news.bitcoin.com/morgan-stanley-regulators-looking-for-a-master-key-to-the-blockchain/

"They want regulators involved so the blockchain can be `adequately´ controlled." - Good luck with that.
“Regulators are looking to have a master key so all transactions are visible to them,” - It's visible to everyone, by design, poephol.
"They believe rampant speculation on crypto markets have driven the price upwards for no clear reason" - LOL, they clearly haven't been reading the news or they're willingly just trying to diss it.
"They would create controlled blockchains only authorized individuals could access. This would allow them to maintain the prominence of their banking industry and adopt streamlined regulations while leveraging blockchain technology." - Centralizing the blockchain and therefore weakening it and ending up right where you started.

:crylaugh::crylaugh:

 

[Calv]

Anyone getting in on the Status ICO on Saturday? It looks like a really cool concept but it is probably good to be a sceptic when doing your DD.. what upcoming ICOs have got you guys excited?

 

[Calv]

This article about Morgan Stanley's view on Bitcoin is hilarious.... jirre, these old dinosaurs clearly have no clue what they're talking about.

https://news.bitcoin.com/morgan-stanley-regulators-looking-for-a-master-key-to-the-blockchain/

"They want regulators involved so the blockchain can be `adequately´ controlled." - Good luck with that.
“Regulators are looking to have a master key so all transactions are visible to them,” - It's visible to everyone, by design, poephol.
"They believe rampant speculation on crypto markets have driven the price upwards for no clear reason" - LOL, they clearly haven't been reading the news or they're willingly just trying to diss it.
"They would create controlled blockchains only authorized individuals could access. This would allow them to maintain the prominence of their banking industry and adopt streamlined regulations while leveraging blockchain technology." - Centralizing the blockchain and therefore weakening it and ending up right where you started.

:crylaugh::crylaugh:

Watching banks, investment houses and all the other middlemen out there squirm over the next months/years is going to be one of the best parts of this revolution for me

 

[Sly21C]

Iota isn't based on blockchain like the other crypto-currencies, it's focus is micropayments, which are not feasible using bitcoin, specifically within the IoT. Looks really interesting

Correct me if I'm wrong, but micropayments are not an issue with Bitcoin because 1 bitcoin can be divided up to an eight decimal place? i.e. divided up to 0.00000001? Pardon my lingo, I'm still learn crypto language

This article about Morgan Stanley's view on Bitcoin is hilarious.... jirre, these old dinosaurs clearly have no clue what they're talking about.

https://news.bitcoin.com/morgan-stanley-regulators-looking-for-a-master-key-to-the-blockchain/

"They want regulators involved so the blockchain can be `adequately´ controlled." - Good luck with that.
“Regulators are looking to have a master key so all transactions are visible to them,” - It's visible to everyone, by design, poephol.
"They believe rampant speculation on crypto markets have driven the price upwards for no clear reason" - LOL, they clearly haven't been reading the news or they're willingly just trying to diss it.
"They would create controlled blockchains only authorized individuals could access. This would allow them to maintain the prominence of their banking industry and adopt streamlined regulations while leveraging blockchain technology." - Centralizing the blockchain and therefore weakening it and ending up right where you started.

:crylaugh::crylaugh:

I think people who depend on mainstream media for ALL their information/news will support what these banks are trying to do, because they don't know any better. Banks won't succeed in controlling blockchain technology, for obvious reasons. But they will try to be part of it and control as many cryptocurrencies as possible.

 

[C4Cat]

Correct me if I'm wrong, but micropayments are not an issue with Bitcoin because 1 bitcoin can be divided up to an eight decimal place? i.e. divided up to 0.00000001? Pardon my lingo, I'm still learn crypto language
.

You're not wrong, but the issue is the bitcoin fees. On bitcoin (and other blockchain based cryptocurrencies) you pay a fee for every transaction - transferring a very small amount makes no sense if you have to also pay a fee which is many times larger than the actual amount you're paying. With Iota there are no transaction fees so micro payments make more sense