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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. The Bitcoin/Crypto Thread

The Bitcoin/Crypto Thread

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  • MikM Offline
    MikM Offline
    Mik
    wrote on last edited by
    #29

    I think I have some somewhere. It was a deal where you sign up and you get like $5 or so free. Forget what it was called. It's probably worth less than nothing now.

    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

    1 Reply Last reply
    • jon-nycJ jon-nyc

      @klaus said in The Bitcoin/Crypto Thread:

      that there is no (known) way of manipulation.

      Of course there is, just get a certain percentage of the miners to act in tandem....

      KlausK Offline
      KlausK Offline
      Klaus
      wrote on last edited by
      #30

      @jon-nyc said in The Bitcoin/Crypto Thread:

      @klaus said in The Bitcoin/Crypto Thread:

      that there is no (known) way of manipulation.

      Of course there is, just get a certain percentage of the miners to act in tandem....

      Yes, the 51% attack. But that would be pretty difficult to pull off, even for a government. And even then, it's somewhat limited what one can do even when one controls the 51%. For instance, you still couldn't just steal other people's money.

      KlausK 1 Reply Last reply
      • KlausK Klaus

        @jon-nyc said in The Bitcoin/Crypto Thread:

        @klaus said in The Bitcoin/Crypto Thread:

        that there is no (known) way of manipulation.

        Of course there is, just get a certain percentage of the miners to act in tandem....

        Yes, the 51% attack. But that would be pretty difficult to pull off, even for a government. And even then, it's somewhat limited what one can do even when one controls the 51%. For instance, you still couldn't just steal other people's money.

        KlausK Offline
        KlausK Offline
        Klaus
        wrote on last edited by
        #31

        @klaus said in The Bitcoin/Crypto Thread:

        @jon-nyc said in The Bitcoin/Crypto Thread:

        @klaus said in The Bitcoin/Crypto Thread:

        that there is no (known) way of manipulation.

        Of course there is, just get a certain percentage of the miners to act in tandem....

        Yes, the 51% attack. But that would be pretty difficult to pull off, even for a government. And even then, it's somewhat limited what one can do even when one controls the 51%. For instance, you still couldn't just steal other people's money.

        Also, by the way, I don't know if you've heard of "proof of stake" as an alternative to "proof of work", which is going to be deployed in a couple of crypto currencies soon - not only does it make the environmentally unfriendly "mining" unnecessary, it also makes 51% attacks much less likely because in that system you don't need 51% of the computing power but 51% of the currency - even if you'd manage to get that, you'd only shoot yourself in the foot if you'd use that position to manipulate, and hence devalue, the currency. It's quite interesting.

        1 Reply Last reply
        • LarryL Offline
          LarryL Offline
          Larry
          wrote on last edited by
          #32

          I cant help but laugh..... some of the very people who have laughed at me for buying gold - not gold certificates, not gold stock, etc.. but real gold - and told me that I was crazy for basing my view of gold being a hedge against the collapse of currency.....

          Are now telling us how wise they are for investing in a risky unproven digital currency because "it will be unaffected by currency collapses"....,

          BWAAAAHAHAHAHAAAAAA

          1 Reply Last reply
          • jon-nycJ Online
            jon-nycJ Online
            jon-nyc
            wrote on last edited by
            #33

            I know you’re not talking about me since I’m not a crypto bug, but it’s worth pointing out that I didn’t laugh at you for buying gold, I laughed at you for telling people to sell stocks and buy gold within 48 hrs of this century’s low water mark of the S&P.

            Only non-witches get due process.

            • Cotton Mather, Salem Massachusetts, 1692
            LarryL 1 Reply Last reply
            • jon-nycJ jon-nyc

              I know you’re not talking about me since I’m not a crypto bug, but it’s worth pointing out that I didn’t laugh at you for buying gold, I laughed at you for telling people to sell stocks and buy gold within 48 hrs of this century’s low water mark of the S&P.

              LarryL Offline
              LarryL Offline
              Larry
              wrote on last edited by Larry
              #34

              @jon-nyc said in The Bitcoin/Crypto Thread:

              I know you’re not talking about me since I’m not a crypto bug, but it’s worth pointing out that I didn’t laugh at you for buying gold, I laughed at you for telling people to sell stocks and buy gold within 48 hrs of this century’s low water mark of the S&P.

              No, I wasn't talking about you. But my advise regarding getting out of the stock market wasn't tied to any certain time frame. I just view the stock market as being barely a full notch above bitcoin as far as investment stability. I don't think anyone should put their money into other people's hands, to "buy things that they might possibly wake up one morning and find that it shit canned overnight...

              1 Reply Last reply
              • HoraceH Offline
                HoraceH Offline
                Horace
                wrote on last edited by Horace
                #35

                I'd probably have some money invested in bitcoin if my brokerage transacted it. But they don't, and I'm not motivated enough to open a robinhood account.

                Education is extremely important.

                1 Reply Last reply
                • LuFins DadL Offline
                  LuFins DadL Offline
                  LuFins Dad
                  wrote on last edited by
                  #36

                  Woohoo! I got a $5.00 Bitcoin balance yesterday for signing up. It’s already up to $5.36!

                  The Brad

                  1 Reply Last reply
                  • LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote on last edited by
                    #37

                    Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                    The Brad

                    markM LuFins DadL 3 Replies Last reply
                    • LuFins DadL LuFins Dad

                      Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                      markM Offline
                      markM Offline
                      mark
                      wrote on last edited by
                      #38

                      @lufins-dad said in The Bitcoin/Crypto Thread:

                      Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                      What made you select Solana?

                      LuFins DadL 1 Reply Last reply
                      • markM mark

                        @lufins-dad said in The Bitcoin/Crypto Thread:

                        Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                        What made you select Solana?

                        LuFins DadL Offline
                        LuFins DadL Offline
                        LuFins Dad
                        wrote on last edited by
                        #39

                        @mark said in The Bitcoin/Crypto Thread:

                        @lufins-dad said in The Bitcoin/Crypto Thread:

                        Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                        What made you select Solana?

                        It’s probably Ethereum’s biggest competitor and can handle more transactions than Ethereum. It’s been listed in many of the top 10 lists and has shown pretty consistent growth. This is going to be a trial run for me, so I wanted a currency that would have a little bit of volatility but should at least maintain a pretty safe return. I actually got it somewhat on the cheap today, but it’s still dropped since then, lol. Ethereum is having a good day!

                        The Brad

                        markM 1 Reply Last reply
                        • KlausK Offline
                          KlausK Offline
                          Klaus
                          wrote on last edited by Klaus
                          #40

                          How about we deploy a TNCR smart contract on a blockchain, such that we can all participate?

                          The contract can involve external data (like: what is the weather on Feb 7, 2023, what is the price of AAPL two weeks after a particular sports event happened), randomness, money, ... . Could be some sort of lottery. We could play with toy money, just for fun, and for education. Or we could see whether people put their money where their mouth is by setting up bets on election results etc. 🙂

                          1 Reply Last reply
                          • Doctor PhibesD Online
                            Doctor PhibesD Online
                            Doctor Phibes
                            wrote on last edited by
                            #41

                            Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                            I was only joking

                            George KG 1 Reply Last reply
                            • LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote on last edited by
                              #42

                              Just reached my first $1.00… 1% in 6 hours….

                              The Brad

                              CopperC LuFins DadL 2 Replies Last reply
                              • Doctor PhibesD Doctor Phibes

                                Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                                George KG Offline
                                George KG Offline
                                George K
                                wrote on last edited by
                                #43

                                @doctor-phibes said in The Bitcoin/Crypto Thread:

                                Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                                Exactly.

                                What the actual hell are you guys talking about?

                                "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                Doctor PhibesD 1 Reply Last reply
                                • George KG George K

                                  @doctor-phibes said in The Bitcoin/Crypto Thread:

                                  Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                                  Exactly.

                                  What the actual hell are you guys talking about?

                                  Doctor PhibesD Online
                                  Doctor PhibesD Online
                                  Doctor Phibes
                                  wrote on last edited by
                                  #44

                                  @george-k said in The Bitcoin/Crypto Thread:

                                  @doctor-phibes said in The Bitcoin/Crypto Thread:

                                  Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                                  Exactly.

                                  What the actual hell are you guys talking about?

                                  I’m not totally convinced they know, either

                                  I was only joking

                                  Aqua LetiferA 1 Reply Last reply
                                  • LuFins DadL LuFins Dad

                                    Just reached my first $1.00… 1% in 6 hours….

                                    CopperC Offline
                                    CopperC Offline
                                    Copper
                                    wrote on last edited by
                                    #45

                                    @lufins-dad said in The Bitcoin/Crypto Thread:

                                    Just reached my first $1.00… 1% in 6 hours

                                    That's 4% per day.

                                    28% per week

                                    Nice

                                    1 Reply Last reply
                                    • LuFins DadL LuFins Dad

                                      @mark said in The Bitcoin/Crypto Thread:

                                      @lufins-dad said in The Bitcoin/Crypto Thread:

                                      Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                                      What made you select Solana?

                                      It’s probably Ethereum’s biggest competitor and can handle more transactions than Ethereum. It’s been listed in many of the top 10 lists and has shown pretty consistent growth. This is going to be a trial run for me, so I wanted a currency that would have a little bit of volatility but should at least maintain a pretty safe return. I actually got it somewhat on the cheap today, but it’s still dropped since then, lol. Ethereum is having a good day!

                                      markM Offline
                                      markM Offline
                                      mark
                                      wrote on last edited by
                                      #46

                                      @lufins-dad said in The Bitcoin/Crypto Thread:

                                      @mark said in The Bitcoin/Crypto Thread:

                                      @lufins-dad said in The Bitcoin/Crypto Thread:

                                      Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                                      What made you select Solana?

                                      It’s probably Ethereum’s biggest competitor and can handle more transactions than Ethereum. It’s been listed in many of the top 10 lists and has shown pretty consistent growth. This is going to be a trial run for me, so I wanted a currency that would have a little bit of volatility but should at least maintain a pretty safe return. I actually got it somewhat on the cheap today, but it’s still dropped since then, lol. Ethereum is having a good day!

                                      Just bought a little Solana. I am limiting my purchases by not linking any payment methods that permit large transactions. We will see where these little gambles go for a while.

                                      LuFins DadL 1 Reply Last reply
                                      • Doctor PhibesD Doctor Phibes

                                        @george-k said in The Bitcoin/Crypto Thread:

                                        @doctor-phibes said in The Bitcoin/Crypto Thread:

                                        Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                                        Exactly.

                                        What the actual hell are you guys talking about?

                                        I’m not totally convinced they know, either

                                        Aqua LetiferA Offline
                                        Aqua LetiferA Offline
                                        Aqua Letifer
                                        wrote on last edited by
                                        #47

                                        @doctor-phibes said in The Bitcoin/Crypto Thread:

                                        @george-k said in The Bitcoin/Crypto Thread:

                                        @doctor-phibes said in The Bitcoin/Crypto Thread:

                                        Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                                        Exactly.

                                        What the actual hell are you guys talking about?

                                        I’m not totally convinced they know, either

                                        My theory is that "bitcoin" and "cryptocurrency" is, at the end of the day, just Chinese MMO gold farming.

                                        Please love yourself.

                                        1 Reply Last reply
                                        • markM mark

                                          @lufins-dad said in The Bitcoin/Crypto Thread:

                                          @mark said in The Bitcoin/Crypto Thread:

                                          @lufins-dad said in The Bitcoin/Crypto Thread:

                                          Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                                          What made you select Solana?

                                          It’s probably Ethereum’s biggest competitor and can handle more transactions than Ethereum. It’s been listed in many of the top 10 lists and has shown pretty consistent growth. This is going to be a trial run for me, so I wanted a currency that would have a little bit of volatility but should at least maintain a pretty safe return. I actually got it somewhat on the cheap today, but it’s still dropped since then, lol. Ethereum is having a good day!

                                          Just bought a little Solana. I am limiting my purchases by not linking any payment methods that permit large transactions. We will see where these little gambles go for a while.

                                          LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #48

                                          @mark I have mine set that I have to authorize every transaction. This feels like the Wild West or the very first days of the Dow Jones…

                                          The Brad

                                          89th8 1 Reply Last reply
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