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:
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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Diggs said:
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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I agree; and at the same time disagree. Sure it's better not to have obtrusive ads that require an ad blocker, but if they can run mining code, what else could they run?
Steve Gibson gives a great insight into this on his Security Now! podcast #631


https://www.techdirt.com/articles/2...rowsers-to-covertly-mine-cryptocurrency.shtml
 
Barcelona said:
I agree; and at the same time disagree. Sure it's better not to have obtrusive ads that require an ad blocker, but if they can run mining code, what else could they run?
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The same as any other site can run I guess. I don't like the clandestine approach (if they're going to do this it should be optional and open) but I don't see any reason it should present any greater security risk than any other Javascript code executed from within a browser. Javascript code written to mine cryptocurrencies should have no special privileges over code written for any other purposes, such as that which displays an advertisement, for example.
 
Lots of new news articles now that we've shot past $6K. Though this one was interesting ....

With One Recession (That We’re Due For), Bitcoin Could Completely Revolutionize Europe
Link: https://www.pastemagazine.com/artic...ecession-that-were-due-for-bitcoin-could.html

Bitcoin reached an all-time high of $6,000 today, as this once-lowly regarded technological quirk is quickly becoming a financial behemoth ...

Many Latin Americans are turning to bitcoin as a solution, and the recent crises seem only to have accelerated adoption.

What do all those countries have in common? Political and financial instability. Here is the Venezuelan Bolivar’s value compared to the U.S. dollar (up is bad).
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I have a friend who works in finance. He's convinced, along with lots of other people in that industry, that Bitcoin is a headed to a bubble. They think it will come back, but they're all certain that it will pop soon. Again, they're not saying it's useless or will go away. They think it and / or other cryptocurrencies will be viable long term.
 
I don't think it's a bubble but I do think a price correction will see it crashing back down by $1000-$2000 before we get to $10K. Most predictions are that that's likely to happen just below $7K this time. Price plummets are normal (and good, because they bring new investment in the 'dip' and help to instil confidence each time the price rebounds).

A 'bubble' would suggest that it's overvalued. Mass adoption of cryptocurrencies has only just begun. If you do the math(s) and consider the number of Bitcoin users presently vs the number of potential Bitcoin users worldwide, I think it could be massively undervalued yet. There are more millionaires in the world than there are Bitcoins. That fact alone gives you an idea of where the price needs to be at if only a small proportion of the world transfer some of their wealth into Bitcoin.
 
$80bln/day!? I'm guessing that's a software glitch? :D

Which app is that?

The Blockfolio app glitched yesterday. At one point it showed my Ripple holdings to be worth nearly 200,000 trillion dollars :eek:
 
Ah, never knew there was a NiceHash app. I usually just monitor my stats from their website on both phone and PC.
 
Bear in mind that it is a third party app (Noting the 'Monitor for NiceHash' name; Google prefers if you use the 'for' word if you're not associated with the app)
 
Diggs said:
A mention here of the "Blockchain Mastery Bundle" that I bumped into. I guess I shouldn't be suprised....

https://www.extremetech.com/deals/257741-et-deals-95-off-complete-ethereum-blockchain-mastery-bundle
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Could be worth checking out.

Normally, you’d pay upwards of $610
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Yeah, right.

I'm not saying the course isn't worth paying for, it may well be, but the 'reduced' price of $29 is much more realistic. I see these 90+% off deals all the time, particularly with online courses. Who do they think they're kidding?

Perhaps I should increase my rates to £2,000/hour with a limited 95% off discount! :D
 
Wired published this article a couple of days ago (which I think makes some very good points) in answer to some of the misinformed comments by "financial luminaries" that have been hitting the headlines lately:

Captains of Finance Dismiss Bitcoin at Their Peril
Link: https://www.wired.com/story/captains-of-finance-dismiss-bitcoin-at-their-peril/?mbid=social_twitter

Dismissing digital currencies because of how they’ve traded in the past months is an easy way to avoid grappling with how technology might soon undermine traditional modes of finance. Change always comes, sometimes slowly, but often unexpectedly, dramatically, sweeping away what seemed to stable and certain with breathtaking speed. That doesn’t mean you should invest in Bitcoin today. But it does make it stupid to ignore what is very likely around the corner.
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A word from the Woz ...

Steve Wozniak Thinks Bitcoin Better than Dollar or Gold
Article Link: https://cryptovest.com/news/steve-wozniak-thinks-bitcoin-better-than-dollar-or-gold/

Apple’s co-founder Steve Wozniak seemed confident about Bitcoin’s future, calling it better than gold or the U.S dollar, while speaking at the Money 20/20 conference in Las Vegas.

According to the ‘Woz’, Bitcoin is more real and genuine when compared to the dollar, which he called “phony” since the government can arbitrarily print it.
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Alternate ending: The pin he recovers is totally different, he gets in and finds an empty wallet. The maid had recognized what the paper was because she had just bought a trezor for her sons birthday and swapped out a new trezor for his old one :D


Edit: You know whats interesting about the trezor, it comes with a paper with trezor written on it to add all those recovery words to it. Think about that for a second xD
 
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I think it highlights an important thing to remember and that is, with cryptocurrencies, you are your own bank. There is nobody to bail you out if you mess up. You are solely responsible for the security of your own funds ... and that's a good thing of course.
 
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