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Banks
Trad climber
Santa Monica, CA
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Jan 27, 2018 - 02:11pm PT
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The stolen XEM coins have been found and "tagged", rendering them basically useless. The majority of the stolen coins were actually owned by the exchange itself. The exchange will be reimbursing anyone who had their coins stolen because it was their f-up that allowed the hackers to gain access to the coins. A happy ending this time, but anyone who keeps a substantial amount of coins on an exchange is a moron. Cold storage people.
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Darwin
Trad climber
Seattle, WA
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Jan 30, 2018 - 08:12am PT
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I just came across this IBM e-publication. I've barley started, but for me it seems to be targeted to the right level (no jokes about Dummies please).
Blockchain for Dummies
https://www-01.ibm.com/common/ssi/cgi-bin/ssialias?htmlfid=XIM12354USEN
from the into:
Blockchain, most simply defined as a shared, immutable ledger,
has the potential to be the technology that redefines those processes
and many others. To be clear, when I talk about blockchain,
I’m not talking about bitcoin. I’m talking about the underlying
digital foundation that supports applications such as bitcoin. But
the reaches of blockchain extend far beyond bitcoin.
And yes what Ed H said: Steven Johnson's NY Times Magazine Beyond the Bitcoin Bubble was good.
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Reilly
Mountain climber
The Other Monrovia- CA
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Jan 30, 2018 - 09:43am PT
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While block chain tech may prove useful for other things its application to bitcoin is like
applying nuclear physics advances to thermonuclear weaponry.
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EdwardT
Trad climber
Retired
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A new cryptocurrency – ‘Shitcoin’ – has hit the market, offering investors an exciting new way to relieve themselves of their money.
Shitcoin spokesperson Jeremy Bourke said getting in on the new trend was easy. “When you take a sh#t, just pop a a gold coin on top and flush it down. Then stand back and watch it take off!”
He said it was a much more efficient way of losing money than with other cryptocurrencies. “You don’t even need a computer”.
Mr Bourke said thousands of new units were being created every hour, often in multiples, called blockchains. “I think I might be creating a blockchain right now,” he said, excusing himself from the interview.
The value of the currency is not tied to a central bank or institution, but rather the varying level of financial bullshit generated each day.
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Banks
Trad climber
Santa Monica, CA
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I have invested in Bitcoin and some other cryptos as a long term hold. I actively trade other cryptos for short term gains and the speculative opportunities that a young and emerging market like this one produce.
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Reilly
Mountain climber
The Other Monrovia- CA
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Major credit card issuer banks are now prohibiting buying cryptos with their cards cause they
fear the obvious. How stoopid do you have to be to buy cryptos with money you don’t have?
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Banks
Trad climber
Santa Monica, CA
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Buying cryptos with a credit card doesn't necessarily mean you don't have the cash. People may not want to link their bank account to an exchange.
These same banks that are supposedly looking out for the best interests of the little guy had no problem giving out 500k mortgages to people who couldn't afford them.
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Reilly
Mountain climber
The Other Monrovia- CA
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^^^^^. A specious argument at best given most Americans’ debt status. More to the point
most bitchcoin buyers are millenials who should be investing for their retirement, not gambling
it away.
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Banks
Trad climber
Santa Monica, CA
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I'm glad you have intimate knowledge of what millennial investment portfolios look like and how they should be investing their funds. All investing is gambling to one degree or another. It's up to the individual to determine what level of risk they are willing to take.
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Reilly
Mountain climber
The Other Monrovia- CA
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I would refer you to a recent article to that effect in The Economist but I don’t want to
tempt you to take time away from your study of The Smarmy Digest.
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Winemaker
Sport climber
Yakima, WA
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Yeah well, xCon, but after the Zombie apocalypse when there's no more electricity or internet, you can still make a ring or a bracelet or something out of gold. Or false teeth. See bitcoin's up to $8927.94. Pretty wild ride.
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NutAgain!
Trad climber
South Pasadena, CA
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Is anyone issuing puts and calls for blockchain funds yet?
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Tom
Big Wall climber
San Luis Obispo CA
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Feb 20, 2018 - 04:14pm PT
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VICTIMS OF CRYPTO-COIN FRAUD ARE OFFERING A BOUNTY FOR THE ARREST OF THE SWINDLERS
THE REWARD WILL BE PAID WITH A NEW CRYPTO-COIN THAT THE VICTIMS WILL ISSUE THEMSELVES
"JusticeCoin" will be issued by an anonymous victims' group calling itself "Crypto Watchdogs".
Crypto-coin victims offer reward for the capture of swindlers
The Winkelvoss twins applied to the SEC a few years ago to offer "exposure to the Bitcoin marketplace". Their intention was not to just offer Bitcoin for sale, but a whole menu of fancy investment choices, like options and other derivatives.
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stevep
Boulder climber
Salt Lake, UT
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Mar 23, 2018 - 09:50am PT
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"You know the criticisms are just a failure of the imagination," Tyler Winklevoss told the media. "Cryptocurrencies aren't really important for human-to-human transactions... but when machines-to-machines trade economic value, they are going to plug into protocols like bitcoin and ethereum. They are not going to open bank accounts at JPMorgan... those were invented by bankers before the internet existed. Trying to use them as payments or money on the internet is a square peg in a round hole at best."
"Taking bitcoin in isolation… we believe bitcoin disrupts gold. We think it's a better gold, if you look at the properties of money. And what makes gold gold? Scarcity. Bitcoin is actually fixed in supply so it's better than scarce… it's more portable, its fungible, it's more durable. It sort of equals a better gold across the board," Winklevoss told CNBC.
So says the rich guy with a large position in Bitcoin. Not like he has a conflict of interest or anything.
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Stellarin
Sport climber
USA
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Mar 31, 2018 - 11:46am PT
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Woow, the last one is really well-explained. Thanks.
I found one interesting master course here (https://www.accessmasterstour.com/schools/programmes) which is about distributed networking, blockchain/bitcoin technologies and so on. Guys, how do you thing, is there any reason to spend my time and make this course or in future no-one will use it?
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Reilly
Mountain climber
The Other Monrovia- CA
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Apr 14, 2018 - 03:26pm PT
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A good article from this week’s The Economist...
Barclays models it as an infectious disease. LOL
Catching the bitcoin bug
Oops, I have to log on to copy it but I’m too lazy. Basically they’re sayin’
IT’S OVAH, SUCKAS!
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gruzzy
Social climber
socal
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Apr 15, 2018 - 04:04pm PT
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Bitcoin is an entity, not unlike a black hole, where money goes in but does not come back
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