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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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  • L Offline
    L Offline
    LuFins Dad
    wrote on 15 Nov 2021, 14:18 last edited by
    #76

    I doubled up on Solana again. Still using my “poker money”… I don’t know that I will ever put serious money into crypto but Solana seems like a pretty safe bet over the next 24-36 months and I’m willing to forgo getting takeout for lunch for the time being to see where it goes…

    The Brad

    1 Reply Last reply
    • K Offline
      K Offline
      Klaus
      wrote on 15 Nov 2021, 18:37 last edited by
      #77

      I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.

      L 2 Replies Last reply 15 Nov 2021, 19:07
      • D Offline
        D Offline
        Doctor Phibes
        wrote on 15 Nov 2021, 18:46 last edited by Doctor Phibes
        #78

        I stopped off at the gas station and bought a scratch and sniff lottery card earlier today.

        It smelled of lost dreams.

        I was only joking

        1 Reply Last reply
        • K Klaus
          15 Nov 2021, 18:37

          I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.

          L Offline
          L Offline
          LuFins Dad
          wrote on 15 Nov 2021, 19:07 last edited by
          #79

          @klaus said in The Bitcoin/Crypto Thread:

          I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.

          Cardano is next week's lunch money. I've looked at Polkadot as well.

          The Brad

          1 Reply Last reply
          • L Offline
            L Offline
            LuFins Dad
            wrote on 16 Nov 2021, 13:14 last edited by
            #80

            Bad day for Crypto, lol. I may need to switch my purchasing from Monday to Tuesday…

            The Brad

            1 Reply Last reply
            • K Offline
              K Offline
              Klaus
              wrote on 16 Nov 2021, 13:52 last edited by
              #81

              I've opened an additional ccount at an US exchange, Kraken.

              I wonder how safe the deposit there is. Over here, there's a kind of insurance that protects me from insolvency risk of the exchange or bank.

              Any particular keywords I need to look out for in their terms of service to gauge how safe my money is?

              D 1 Reply Last reply 16 Nov 2021, 14:08
              • K Klaus
                16 Nov 2021, 13:52

                I've opened an additional ccount at an US exchange, Kraken.

                I wonder how safe the deposit there is. Over here, there's a kind of insurance that protects me from insolvency risk of the exchange or bank.

                Any particular keywords I need to look out for in their terms of service to gauge how safe my money is?

                D Offline
                D Offline
                Doctor Phibes
                wrote on 16 Nov 2021, 14:08 last edited by
                #82

                @klaus said in The Bitcoin/Crypto Thread:

                Kraken

                Oh no.

                I was only joking

                K 1 Reply Last reply 16 Nov 2021, 15:08
                • M Offline
                  M Offline
                  mark
                  wrote on 16 Nov 2021, 14:59 last edited by
                  #83

                  I just joined 89th and bought 1.9 million Shiba Inu coins. Come on baby! hit $1! lol

                  1 Reply Last reply
                  • D Doctor Phibes
                    16 Nov 2021, 14:08

                    @klaus said in The Bitcoin/Crypto Thread:

                    Kraken

                    Oh no.

                    K Offline
                    K Offline
                    Klaus
                    wrote on 16 Nov 2021, 15:08 last edited by
                    #84

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

                    @klaus said in The Bitcoin/Crypto Thread:

                    Kraken

                    Oh no.

                    It's no good?

                    D 1 Reply Last reply 16 Nov 2021, 15:29
                    • L Offline
                      L Offline
                      LuFins Dad
                      wrote on 16 Nov 2021, 15:14 last edited by
                      #85

                      Might I interest @Jolly @Improviso and @Larry in the Let’s Go Brandon currency?
                      4FB74F22-FA25-4D87-A73B-586235FAABFE.jpeg

                      The Brad

                      1 Reply Last reply
                      • K Klaus
                        16 Nov 2021, 15:08

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

                        @klaus said in The Bitcoin/Crypto Thread:

                        Kraken

                        Oh no.

                        It's no good?

                        D Offline
                        D Offline
                        Doctor Phibes
                        wrote on 16 Nov 2021, 15:29 last edited by
                        #86

                        @klaus said in The Bitcoin/Crypto Thread:

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

                        @klaus said in The Bitcoin/Crypto Thread:

                        Kraken

                        Oh no.

                        It's no good?

                        Dude, you've released the Kraken!

                        I was only joking

                        1 Reply Last reply
                        • I Offline
                          I Offline
                          Improviso
                          wrote on 16 Nov 2021, 17:54 last edited by
                          #87

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

                          Might I interest @Jolly @Improviso and @Larry in the Let’s Go Brandon currency?

                          What kind of Ponzi scheme is this?

                          We have the freedom to choose our actions, but we do not get to choose our consequences.
                          Yes, there are two paths you can go by, but in the long run, there's still time to change the road you're on.

                          1 Reply Last reply
                          • K Klaus
                            15 Nov 2021, 18:37

                            I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.

                            L Offline
                            L Offline
                            LuFins Dad
                            wrote on 18 Nov 2021, 15:34 last edited by
                            #88

                            @klaus said in The Bitcoin/Crypto Thread:

                            I think I'll also diversify and buy a little Solana and Cardano, and maybe some Polkadot. Each of them has something that none of the others have.

                            What the hell did you do?! Solana is bouncing along all nice and average, Klaus buys some and POW! Straight down the crapper….

                            The Brad

                            1 Reply Last reply
                            • I Offline
                              I Offline
                              Ivorythumper
                              wrote on 21 Nov 2021, 15:19 last edited by
                              #89

                              the problem of decimalization

                              K 1 Reply Last reply 21 Nov 2021, 16:09
                              • I Ivorythumper
                                21 Nov 2021, 15:19

                                the problem of decimalization

                                K Offline
                                K Offline
                                Klaus
                                wrote on 21 Nov 2021, 16:09 last edited by
                                #90

                                @ivorythumper said in The Bitcoin/Crypto Thread:

                                the problem of decimalization

                                If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.

                                I 1 Reply Last reply 22 Nov 2021, 14:02
                                • X Offline
                                  X Offline
                                  xenon
                                  wrote on 21 Nov 2021, 16:13 last edited by
                                  #91

                                  Anyone use tether when banking between coins?

                                  Could be a bigger Ponzi scheme than madoff:

                                  https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether

                                  1 Reply Last reply
                                  • K Klaus
                                    21 Nov 2021, 16:09

                                    @ivorythumper said in The Bitcoin/Crypto Thread:

                                    the problem of decimalization

                                    If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.

                                    I Offline
                                    I Offline
                                    Ivorythumper
                                    wrote on 22 Nov 2021, 14:02 last edited by
                                    #92

                                    @klaus said in The Bitcoin/Crypto Thread:

                                    @ivorythumper said in The Bitcoin/Crypto Thread:

                                    the problem of decimalization

                                    If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.

                                    Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?

                                    L 1 Reply Last reply 22 Nov 2021, 14:36
                                    • I Ivorythumper
                                      22 Nov 2021, 14:02

                                      @klaus said in The Bitcoin/Crypto Thread:

                                      @ivorythumper said in The Bitcoin/Crypto Thread:

                                      the problem of decimalization

                                      If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.

                                      Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?

                                      L Offline
                                      L Offline
                                      LuFins Dad
                                      wrote on 22 Nov 2021, 14:36 last edited by
                                      #93

                                      @ivorythumper said in The Bitcoin/Crypto Thread:

                                      @klaus said in The Bitcoin/Crypto Thread:

                                      @ivorythumper said in The Bitcoin/Crypto Thread:

                                      the problem of decimalization

                                      If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.

                                      Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?

                                      Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…

                                      Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.

                                      There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.

                                      The Brad

                                      X I 2 Replies Last reply 22 Nov 2021, 16:17
                                      • L LuFins Dad
                                        22 Nov 2021, 14:36

                                        @ivorythumper said in The Bitcoin/Crypto Thread:

                                        @klaus said in The Bitcoin/Crypto Thread:

                                        @ivorythumper said in The Bitcoin/Crypto Thread:

                                        the problem of decimalization

                                        If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.

                                        Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?

                                        Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…

                                        Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.

                                        There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.

                                        X Offline
                                        X Offline
                                        xenon
                                        wrote on 22 Nov 2021, 16:17 last edited by
                                        #94

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

                                        @ivorythumper said in The Bitcoin/Crypto Thread:

                                        @klaus said in The Bitcoin/Crypto Thread:

                                        @ivorythumper said in The Bitcoin/Crypto Thread:

                                        the problem of decimalization

                                        If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.

                                        Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?

                                        Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…

                                        Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.

                                        There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.

                                        I still don’t know what the pain points in the current MC/Visa platform are for consumers that crypto would solve.

                                        How would my life be different if Amazon and all other retailers accepted Future Coin?

                                        L 1 Reply Last reply 22 Nov 2021, 16:18
                                        • X xenon
                                          22 Nov 2021, 16:17

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

                                          @ivorythumper said in The Bitcoin/Crypto Thread:

                                          @klaus said in The Bitcoin/Crypto Thread:

                                          @ivorythumper said in The Bitcoin/Crypto Thread:

                                          the problem of decimalization

                                          If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.

                                          Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?

                                          Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…

                                          Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.

                                          There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.

                                          I still don’t know what the pain points in the current MC/Visa platform are for consumers that crypto would solve.

                                          How would my life be different if Amazon and all other retailers accepted Future Coin?

                                          L Offline
                                          L Offline
                                          LuFins Dad
                                          wrote on 22 Nov 2021, 16:18 last edited by
                                          #95

                                          @xenon said in The Bitcoin/Crypto Thread:

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

                                          @ivorythumper said in The Bitcoin/Crypto Thread:

                                          @klaus said in The Bitcoin/Crypto Thread:

                                          @ivorythumper said in The Bitcoin/Crypto Thread:

                                          the problem of decimalization

                                          If Bitcoin continues to exist for the next few hundred years, we will see the reverse problem: A house costing 0.00000000001 Bitcoin or something. The amount of Bitcoin will soon start to shrink every year. Bitcoin that is lost can never return.

                                          Bitcoin (tm) is just one brand. There can be a whole lot of competitive ways to buy and sell with other alt coins, right? So if Shiba Inu is capitalized for 1,000,000,000,000,000 coins, and there are a couple of other dozen competitors, how does ever get to a useful money supply to peg to any hard currency?

                                          Their are hundreds or even thousands of Credit Card/Charge Card systems. Most of the major ones are built off the Visa, MasterCard, Discover, and American Express platforms, but there are also innumerable retailers with their own unique platforms. Kohl’s, Macy’s, Target, and on, and on, and on…

                                          Ethereum and possibly Solana stand primed to be your Visa and MC platforms… Then you have other currencies built off of these platforms such as Cardano… These fill the slot that the individual banks fill such as Chase or Citibank. Many of these little alt coins are built for specific and limited use in different gaming or specialty platforms. These are comparable to your small retail cards for specific stores.

                                          There are several competing currencies and marketplaces to handle transactions and tying it to hard currencies.

                                          I still don’t know what the pain points in the current MC/Visa platform are for consumers that crypto would solve.

                                          How would my life be different if Amazon and all other retailers accepted Future Coin?

                                          Well, instead of paying 16% interest you could be making 16% interest for one...

                                          The Brad

                                          X 1 Reply Last reply 22 Nov 2021, 16:20
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