Cryptocurrencies

What cryptocurrencies do you use/own?

  • Bitcoin (XBT)

    Votes: 30 27.8%

  • Ether (ETH)

    Votes: 16 14.8%

  • Litecoin (LTC)

    Votes: 15 13.9%

  • Peercoin (PPC)

    Votes: 0 0.0%

  • Dash (DASH)

    Votes: 3 2.8%

  • Dogecoin (XDG)

    Votes: 4 3.7%

  • Blackcoin (BLK)

    Votes: 0 0.0%

  • Zcash (ZEC)

    Votes: 3 2.8%

  • Other

    Votes: 14 13.0%

  • None

    Votes: 69 63.9%
  • Total voters
    108
Moltuae said:
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OMG. Can't. Stop. Laughing....... This is golden! But it feels so true.

Plus side; If this could hold for a few days, stock of video cards may come back up again and I can get my hands on a better-priced one.

Those of you who are using NiceHash: You can tell that buyers are thinking the same way. Yes, the $/day has gone down, but not NEAR as much as the $/BTC has, which implies those who are buying hashing power feel everything will recover with a reasonable confidence. That said, it is actually a good time right now for NiceHashers, because with the confidence still there, and the price drop, the BTC/card is up quite a bit.
 
Galdorf said:
Well there goes bitcion CRASH
http://money.cnn.com/2017/09/15/tec...es-crash/index.html?iid=ob_homepage_tech_pool
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The mainstream media really need to keep up. That happened almost a week ago and the price has largely recovered since.

The current news is that China may be looking to attempt further clampdowns:
https://news.bitcoin.com/china-block-all-bitcoin-transactions/

However, while I expect the resulting FUD of any further official announcements will cause another price dip, there should be no lasting influence. Relatively speaking, China is a much smaller cryptocurrency player now than it once was.

China, Shmyna: Bitcoin Trading Is Way More Distributed Now Anyway:
https://www.coindesk.com/china-shmyna-bitcoin-trading-way-distributed-now-anyway/

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I keep buying at not-quite-the-sale price I'd like (I'm not buying high, just not buying when it's clearance level low like I want to) due to funding issues. Happened once when I didn't know HOW to buy coins (during the June... July? crash) and again now since I did a Wire Transfer AFTER the bank info had changed (didn't realize in time). Ethereum was almost $300 CAD!

Here's hoping for another little sale----err, I mean crash!
 
Why JPMorgan CEO Jamie Dimon is wrong about bitcoin
Article Link: https://www.cnbc.com/2017/09/22/why-jpmorgan-ceo-jamie-dimon-is-wrong-about-bitcoin-commentary.html

My view is not that Jamie Dimon doesn't understand the disruption that is happening in financial services — on the contrary, I think he is acutely aware. What I think is happening here (predictably), is that the CEO of one of the world's largest financial institutions is threatened by software that was developed to upend his position at the top of the food chain.

It's important to understand that bitcoin and other digital currencies are simply software, a computer program designed to automatically verify and transfer value around the world — exactly the role that JPMorgan currently plays.
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In 1995, Newsweek published an article by Clifford Stoll titled "Why the Web Won't Be Nirvana." In this now infamous piece, Stroll wrote this:

"[N]o online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works."
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Newsweek wasn't the only one who got it wrong. Robert Metcalfe, the inventor of Ethernet and creator of the eponymous Metcalfe's Law (a tool which I use to value bitcoin) wrote this in InfoWorld 1995:

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse."

The parallels to Jamie Dimon's comments are uncanny.
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Started watching this interview with Clif High a few days ago. Admittedly I've not had time to watch more than about half an hour of it so far but he makes some very interesting points I think.

I'd recommend watching the first 20 minutes at least. I'd be interested to hear some opinions about his points and predictions ...

 
@Moltuae a bit off topic but I agree with the quote from Stoll but it really can be summed up to say no machine can replace humans. Now I am not certain that will hold true indefinitely but it is still very true. We can simply dump information into a DB and generate news, we cannot simply press play and have children learn from a recording, and we cannot have a functional government that is merely a network of systems.
 
If this rumour turns out to be true, I think Clif High's predictions (in the interview above) could be correct. IIRC, Clif talks of a huge upsurge beginning in October, continuing though until next year and really "popping the cork" (as he puts it) in late February.

Unverified Rumor Circulating That Amazon May Accept Bitcoin By October
Article Link: https://cointelegraph.com/news/unve...ing-that-amazon-may-accept-bitcoin-by-october

Such an announcement is a long shot, but isn’t inconceivable. As online retailers begin to embrace Bitcoin, Amazon will likely respond in kind, in order to maintain its dominance. Overstock CEO Patrick Byrne said:

“They have to follow suit. I’d be stunned if they don’t, because they can’t just cede that part of the market to us, if we’re the only main, large retail site accepting Bitcoin.”
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Following suit
The move would also continue a trend that began with Overstock and has included other enterprise-level tech companies. A recent comment within a Google API tutorial has led many to believe that the online behemoth will also begin accepting Bitcoin within the Google Store, as PayPal and others already do.
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I don't know, I kinda like the idea. But they need to be much more upfront about it and perhaps give users a choice between adverts or mining.

It's certainly an interesting and ingenious alternative to advertising. I'd much rather donate a little CPU/GPU time to a website than see crappy click-bait all over the screen, or be denied access simply because I have my ad-blocker enabled.
 
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The "bad idea" is the stealth part. This non-obtrusive revenue is better than ads if it doesn't present security issues. I am usually running Linux over VPN when I stop there. I'll have to check it out in my wanderings.
 
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First of all, CPU mining is next to worthless compared to GPU. I guess it makes sense in you have hundreds of thousands of CPUs that you can steal cycles from and not worry about power costs.

And I'm shocked, SHOCKED, that a website whose sole purpose (OK, 95% of the uses) is to distribute copyrighted, licensed material... that they would do something so underhanded.
 
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