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The New Coffee Room

  1. TNCR
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  3. The Bitcoin/Crypto Thread

The Bitcoin/Crypto Thread

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  • AxtremusA Offline
    AxtremusA Offline
    Axtremus
    wrote on last edited by
    #376

    https://www.forbes.com/sites/leeorshimron/2023/02/11/nfts-are-bloating-bitcoin-creating-risks-and-opportunities-for-crypto-investors/

    Ordinals, a controversial new protocol deployed on Bitcoin, enables non-fungible tokens (NFTs) to be appended to Bitcoin transactions, effectively bringing NFTs to the largest crypto network by market capitalization.

    Launched in January, the Ordinals project enables images and other types of data to be inscribed directly on satoshis (the smallest denominational units of Bitcoin - each is worth 0.00000001 BTC) on the Bitcoin blockchain without requiring a separate sidechain or token. JPEG images, new profile picture (PFP) projects, digital art, and even the 1993 first person shooter video game DOOM have been inscribed on Bitcoin using the Ordinals protocol.
    ...

    1 Reply Last reply
    • AxtremusA Offline
      AxtremusA Offline
      Axtremus
      wrote on last edited by
      #377

      https://www.reuters.com/technology/binance-stablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13/

      New York Financial Services Department ordered that the issuance of new Binance USD (BUSD) stable coin be stopped.

      It also mentions that the SEC may sue the issuer after labeling the BUSD an "unregistered security."

      1 Reply Last reply
      • AxtremusA Offline
        AxtremusA Offline
        Axtremus
        wrote on last edited by
        #378

        https://fortune.com/crypto/2023/02/22/binance-stablecoin-cash-grab-customers-funds/

        Shenanigans at Binance -- converting customers's USDC to BUSD without telling the customers. Value-wise, both are pegged to the USD so the customers are not losing money. Still, it's bad form to convert customers' assets without telling the customers.

        1 Reply Last reply
        • AxtremusA Offline
          AxtremusA Offline
          Axtremus
          wrote on last edited by
          #379

          Link to video

          1 Reply Last reply
          • AxtremusA Offline
            AxtremusA Offline
            Axtremus
            wrote on last edited by Axtremus
            #380

            https://www.axios.com/2023/06/10/cryptocurrency-ban-us-illegal

            The U.S. government seems to have decided to kill the crypto ecosystem.
            ...

            • "Rather than creating a new legal and regulatory framework that legitimizes crypto, we should simply let it burn."

            The bottom line: The crypto industry is burning down, and the SEC is pouring gasoline on the fire. Congress seems to be perfectly happy to stand alongside crypto skeptics and watch the fire burn.

            1 Reply Last reply
            • taiwan_girlT Offline
              taiwan_girlT Offline
              taiwan_girl
              wrote on last edited by
              #381

              Seems like the headline writer and the writer on the article are on two different planets.

              1 Reply Last reply
              • LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #382

                So I opened my Crypto app for the first time in 4 months, and found the balance had grown 600% since I last saw it…

                Still negative, though.

                The Brad

                1 Reply Last reply
                • 89th8 Offline
                  89th8 Offline
                  89th
                  wrote on last edited by
                  #383

                  Lol I honestly plan on checking mine in 10 years. Now if SHIBA goes to the moon, let me know, I’ll cash that out.

                  taiwan_girlT 1 Reply Last reply
                  • 89th8 Offline
                    89th8 Offline
                    89th
                    wrote on last edited by
                    #384

                    Crypto is having a nice few days.

                    1 Reply Last reply
                    • 89th8 89th

                      Lol I honestly plan on checking mine in 10 years. Now if SHIBA goes to the moon, let me know, I’ll cash that out.

                      taiwan_girlT Offline
                      taiwan_girlT Offline
                      taiwan_girl
                      wrote on last edited by
                      #385

                      @89th said in The Bitcoin/Crypto Thread:

                      I honestly plan on checking mine in 10 years.

                      and then:

                      about a month later

                      @89th said in The Bitcoin/Crypto Thread:

                      Crypto is having a nice few days

                      LOL (Just tease you 89)

                      1 Reply Last reply
                      • 89th8 Offline
                        89th8 Offline
                        89th
                        wrote on last edited by
                        #386

                        Hahaha totally fair! I haven't checked my balances, I just saw some charts in headlines that show a bit of an upward trend.

                        Anyway, @LuFins-Dad will let me know when SHIBA goes to the moon, then I'll sell. I think I have 26 million SHIBA coins.

                        markM 1 Reply Last reply
                        • 89th8 89th

                          Hahaha totally fair! I haven't checked my balances, I just saw some charts in headlines that show a bit of an upward trend.

                          Anyway, @LuFins-Dad will let me know when SHIBA goes to the moon, then I'll sell. I think I have 26 million SHIBA coins.

                          markM Offline
                          markM Offline
                          mark
                          wrote on last edited by
                          #387

                          @89th said in The Bitcoin/Crypto Thread:

                          Hahaha totally fair! I haven't checked my balances, I just saw some charts in headlines that show a bit of an upward trend.

                          Anyway, @LuFins-Dad will let me know when SHIBA goes to the moon, then I'll sell. I think I have 26 million SHIBA coins.

                          I have 39 million SHIBA coins.

                          Current price:
                          SHIBPricePer_12072023.png
                          SHIB_Price_12072023.png

                          1 Reply Last reply
                          • jon-nycJ Offline
                            jon-nycJ Offline
                            jon-nyc
                            wrote on last edited by
                            #388

                            I’m listening to the new Michael Lewis book about SBF/FTX.

                            It’s fascinating.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            1 Reply Last reply
                            • LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote on last edited by
                              #389

                              My Crypto balance is +1130% over Dec 22, 2022…

                              And it’s still down 20% overall…

                              The Brad

                              1 Reply Last reply
                              • jon-nycJ Offline
                                jon-nycJ Offline
                                jon-nyc
                                wrote on last edited by
                                #390

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                1 Reply Last reply
                                • markM Offline
                                  markM Offline
                                  mark
                                  wrote on last edited by
                                  #391

                                  Crypto is going crazy.

                                  Bitcoin is over $60k again. It's halving in 47 days. The block reward is getting cut in half. This will make mining more difficult which usually drives the price up.

                                  BitCoinPrice03022024.png

                                  1 Reply Last reply
                                  • markM Offline
                                    markM Offline
                                    mark
                                    wrote on last edited by
                                    #392

                                    Shiba Inu is worth more than 2x what I have in it now. Just waiting for it to hit 0.01. It has a long way to go.

                                    I have 39,000,000 of them.

                                    1 Reply Last reply
                                    • 89th8 Offline
                                      89th8 Offline
                                      89th
                                      wrote on last edited by
                                      #393

                                      Ha! I was watching SHIB last night. Had gone up 50% in a day. I’m still in the red on it though.

                                      LuFins DadL 1 Reply Last reply
                                      • taiwan_girlT Offline
                                        taiwan_girlT Offline
                                        taiwan_girl
                                        wrote on last edited by
                                        #394

                                        I know this has been talked about through this thread, but I just don't get crypto. To me it is like the tulip craze in Nederlands.

                                        I have a friend who is a crypto fan and challenged him to live off of crypto for one month and I will do the same with USD. But, he would actually have to convert crypto into goods directly. He couldn't convert to "money" first.

                                        He declined.

                                        AxtremusA X 2 Replies Last reply
                                        • taiwan_girlT taiwan_girl

                                          I know this has been talked about through this thread, but I just don't get crypto. To me it is like the tulip craze in Nederlands.

                                          I have a friend who is a crypto fan and challenged him to live off of crypto for one month and I will do the same with USD. But, he would actually have to convert crypto into goods directly. He couldn't convert to "money" first.

                                          He declined.

                                          AxtremusA Offline
                                          AxtremusA Offline
                                          Axtremus
                                          wrote on last edited by
                                          #395

                                          @taiwan_girl said in The Bitcoin/Crypto Thread:

                                          To me it is like the tulip craze in Nederlands.

                                          And still she says she doesn't understand cryptocurrency. So modest!

                                          1 Reply Last reply
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