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Is anyone else starting to become a bit worried? mod note in first post

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    #272
    Anthracite
    Closed Accounts Posts: 805 ✭✭✭Anthracite


    lifeandtimes wrote: »
    Why would the coins be worthless if it's attached to a company who's product is revoluntionary?
    Several reasons. Why are Webvan and Pets.com shares worthless when the internet is revolutionary?

    Look at Vibecoin above - what is going to give that value?


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    #273
    kaymin
    Registered Users Posts: 1,526 ✭✭✭kaymin


    lifeandtimes wrote: »
    Proxys?

    Steaming and downloading is still rampant no matter how much the governments try to stop them


    Yes, but you're not going to get reputable companies / law abiding citizens signing up to something that has been outlawed and if the governments want to, internet providers can be directed to stop such traffic.


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    #274
    JohnnyFlash
    Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    aido79 wrote: »
    I may be forcing you to actually do some research here but what's your opinion on Tangle as opposed to Blockchain? Do you think it will suffer the same fate as you assume Blockchain will?

    Blockchain sounds like a good idea. I’m sure lots of banks, utilities etc will roll their own, or buy the tech off a company who specialize in the area. Don’t think the coins being used to demonstrate blockchain have any value. Most leading economists tend to agree with me.

    440676.png


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    #275
    lifeandtimes
    Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    JohnnyFlash wrote: »
    Most leading economists tend to agree with me

    Most leading politicians thought Clinton would win,brexit wouldn't happen and Bitcoin wouldn't reach 10k.

    Different times where a lot of pros are getting it wrong


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    #276
    aido79
    Moderators, Regional Abroad Moderators Posts: 5,374 Mod ✭✭✭✭aido79


    JohnnyFlash wrote: »
    Blockchain sounds like a good idea. I’m sure lots of banks, utilities etc will roll their own, or buy the tech off a company who specialize in the area. Don’t think the coins being used to demonstrate blockchain have any value. Most leading economists tend to agree with me.

    440676.png

    And your opinion on Tangle?


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    #277
    Dr Bolouswki
    Registered Users Posts: 1,333 ✭✭✭Dr Bolouswki


    Anthracite wrote: »
    Interesting - what does a Vibe coin buy you though? Is it for spending on their service? A percentage of their income?

    I believe it might be 8 cans of guinness and a packet of benson & hedges.


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    #278
    lifeandtimes
    Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    If the market does go tits up at least we still have this to look forward too

    https://twitter.com/officialmcafee/status/935900326007328768


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    #279
    kaymin
    Registered Users Posts: 1,526 ✭✭✭kaymin


    Autochange wrote: »
    One thought I have concerning the alt coins is lets say for example people buy into a certain coin en mass. This provides needed funding for the company. They then go on to make huge partnerships and start generating revenue through everyday use of their block chain products.
    In the meantime governments ban crypto trading. The companies we helped fund at the start are now mainstream and dont need their "coin" market anymore. Its the small guys like me and you who lose out in the end.

    Very possible. Isn't it more likely that Blockchain will become mainstream with government created crypto currency pegged to dollars or euro than with any of the current crop of crypto currencies?


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    #280
    lifeandtimes
    Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    kaymin wrote: »
    Very possible. Isn't it more likely that Blockchain will become mainstream with government created crypto currency pegged to dollars or euro than with any of the current crop of crypto currencies?

    I had a dream each country created it's own crytpo and eventually it took over and tourists etc had to use it while here. Possible


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    #281
    Anthracite
    Closed Accounts Posts: 805 ✭✭✭Anthracite


    lifeandtimes wrote: »
    Most leading politicians thought Clinton would win,brexit wouldn't happen and Bitcoin wouldn't reach 10k.

    Different times where a lot of pros are getting it wrong
    Some wise words from a man who has seen it all:
    Sir John Templeton wrote:
    The four most expensive words in the English language are "this time it’s different."


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    #282
    Autochange
    Banned (with Prison Access) Posts: 1,648 ✭✭✭Autochange


    kaymin wrote: »
    Very possible. Isn't it more likely that Blockchain will become mainstream with government created crypto currency pegged to dollars or euro than with any of the current crop of crypto currencies?

    Of course. Could happen in a number of ways. I think no matter what happens the little guy will get screwed over in the end. Unless we or you or whoever takes profit at the right time.

    But when is the right time? Maybe this is only the beginning. Who knows.

    Personally i sold my alts and bought back into bitcoin at at 7900 usd. I have read equal posts both advising and against doing this.

    Im now fixated on watching bitcoin price around the clock


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    #283
    rapul
    Registered Users Posts: 1,038 ✭✭✭rapul


    Come on lads such negativity put the effort your putting into your posts into something else,it's just negative spam at this stage, a few sour people who missed the boat,as people are inclined to say.


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    #284
    JohnnyFlash
    Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    aido79 wrote: »
    And your opinion on Tangle?

    Don’t know much about it apart from it offering free transactions. Still don’t see what value it gives any of those coins floating around at the moment.

    This wiki is well worth a read.

    https://rationalwiki.org/wiki/Bitcoin


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    #285
    Anthracite
    Closed Accounts Posts: 805 ✭✭✭Anthracite


    rapul wrote: »
    Come on lads such negativity put the effort your putting into your posts into something else,it's just negative spam at this stage, a few sour people who missed the boat,as people are inclined to say.
    That's not a valid way of dismissing reasoned arguments.
    Attacking the Motive: Fallacy Explanation & Examples

    The purpose of this lesson is to help you understand a fallacy known as attacking the motive, or when someone attacks the reasoning behind an argument, rather than the validity of the claim. Through the use of easy-to-understand examples and explanations, you'll also find out how to balance skepticism with a logical approach.

    Claims and Motivation

    Let's say that Dr. Walters is a climatology expert presenting data at a national conference on climate change. Mid-way through her presentation, a man in the audience stands up and interrupts her and shouts: 'How can we believe anything you say? Your career and funding depends on your position that climate change is happening. This presentation is bogus.'

    Does the attendee have a point? Or is his argument against Dr. Walter's flawed? In this lesson, we'll focus on attacking the motive as a fallacy, or an illogical argument that does not support a conclusion. We'll also discuss how important, or unimportant, it is to consider the motive, or the benefit, emotion or need, behind an individual's claim.

    https://study.com/academy/lesson/attacking-the-motive-fallacy-explanation-examples.html


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    #286
    makeorbrake
    Registered Users Posts: 4,664 ✭✭✭makeorbrake


    Deleted User wrote: »
    makeorbrake wrote: »
    You were told - how many times now? - ANY currency is only of value if the public sentiment and belief is there behind it. You countered with 'what currency can buy this?' which body stepped the point. A USD or a Euro can only buy something because people believe that this piece of paper has some value. Other than that, it's just a piece of paper.

    You said that the euro was backed by this and that. That's the whole point here. Look up the meaning of FIAT - how FIAT currency came to be known as FIAT currency. Here's a hint - it's since the gold standard was dropped. When the gold standard existed, a currency may have been backed by something. Right now, FIAT is not.

    FIAT currency is backed by governments. Governments enforce contracts, pay bills and collect taxes in the FIAT currency they back. Governments have police forces, and armies, that project power in the world.

    It's nothing to do with public confidence and everything to do with state power. It is absolutely mind-boggling that people still don't seem to understand this. If the governments of China, Russia and the USA decided to kill bitcoin they could do it overnight. That's an unavoidable fact.

    The fact that FIAT currencies aren't tied to the gold standard doesn't mean they are not backed by anything.
    You're wrong. It's a piece of paper. If people lose confidence in it, it's done.


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    #287
    aido79
    Moderators, Regional Abroad Moderators Posts: 5,374 Mod ✭✭✭✭aido79


    JohnnyFlash wrote: »
    Don’t know much about it apart from it offering free transactions. Still don’t see what value it gives any of those coins floating around at the moment.

    This wiki is well worth a read.

    https://rationalwiki.org/wiki/Bitcoin

    It's still a cryptocurrency. I'm not sure why you think it needs to give value to any other coins. It's different technology to Blockchain and has nothing to do with it.
    I haven't read your link and probably won't as bitcoin doesn't really interest me to be honest.


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    #288
    rapul
    Registered Users Posts: 1,038 ✭✭✭rapul


    Unlike you Anthracite I'm not bothered debateing when its like talking to a wall with some of you,have fun spamming, good use of your time!


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    #289
    Anthracite
    Closed Accounts Posts: 805 ✭✭✭Anthracite


    rapul wrote: »
    Unlike you Anthracite I'm not bothered debateing when its like talking to a wall with some of you,have fun spamming, good use of your time!
    Fair enough. I see the purpose of discussion boards as to discuss and trade viewpoints.


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    #290
    lifeandtimes
    Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    rapul wrote: »
    Unlike you Anthracite I'm not bothered debateing when its like talking to a wall with some of you,have fun spamming, good use of your time!

    I feel the same. Im Only popping back in to be nosey.

    You'd swear they were bankers trying to get people back to fiat or sour investors who missed the chance at getting on the train


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    #291
    JohnnyFlash
    Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    aido79 wrote: »
    It's still a cryptocurrency. I'm not sure why you think it needs to give value to any other coins. It's different technology to Blockchain and has nothing to do with it.
    I haven't read your link and probably won't as bitcoin doesn't really interest me to be honest.

    The material in the link applies to all coins, not just bitcoin. Bitcoin might even be better as at least the lads who got in at the start were on a level playing field. Most of the new coins are premined so any smart Chinese buck can set aside a stack for himself, generate some hype, then dump it for cold hard cash.


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    #292
    Anthracite
    Closed Accounts Posts: 805 ✭✭✭Anthracite


    lifeandtimes wrote: »
    I feel the same. Im Only popping back in to be nosey.

    You'd swear they were bankers trying to get people back to fiat or sour investors who missed the chance at getting on the train
    Either a point makes sense or it doesn't. It doesn't matter whether it is made by a bitter banker, a sad crypto enthusiast, or a depressed clown.

    I just hope people remember which side of this argument they were on in 2 years' time. After the property crash, everyone claimed they saw it coming. The same guys you were arguing with before who were calling you bitter, sad, etc etc. Weird psychology at work.


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    #293
    Autochange
    Banned (with Prison Access) Posts: 1,648 ✭✭✭Autochange


    Bitcoin is up 400 usd since you started arguing with each other. Keep the arguing going. Thanks lads


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    #294
    Benzino
    Registered Users Posts: 3,803 ✭✭✭Benzino


    Autochange wrote: »
    Bitcoin is up 400 usd since you started arguing with each other. Keep the arguing going. Thanks lads

    I actually started rubbing a holistic stone that is meant to bring me wealth. You are welcome :D:D


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    #295
    lifeandtimes
    Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    JohnnyFlash wrote: »
    any smart Chinese buck

    That's the 3rd time you've referenced the Chinese being clever in this discussion.

    You are aware other nationalities out there have intelligence right?

    Ill hazard a wild guess and say you are in your late 40s or early 50s to be making these stereotypes


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    #296
    Anthracite
    Closed Accounts Posts: 805 ✭✭✭Anthracite


    lifeandtimes wrote: »
    Ill hazard a wild guess and say you are in your late 40s or early 50s to be making these stereotypes
    Ah here. Irony?


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    #297
    lifeandtimes
    Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    Anthracite wrote: »
    Ah here. Irony?

    It's not lost on me


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    #298
    JohnnyFlash
    Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    lifeandtimes wrote: »
    That's the 3rd time you've referenced the Chinese being clever in this discussion.

    You are aware other nationalities out there have intelligence right?

    Ill hazard a wild guess and say you are in your late 40s or early 50s to be making these stereotypes

    Got the age right in fairness, chuck. And I’ve nothing but respect for the Chinese lads. Import catering equipment into the UK and Ireland, so out there at least twice a year. Very smart bunch of people and love a good deal. They feed you like a king as well. I have just seen a few get rich quick schemes in my time, and this is another one. Just fire in enough money on something with promise. Sell the idea that you will be loaded by the end of the year with not much effort. Ignore gimps tellin’ You its a scam. Lads at the top run off to Macau with the money and all the other gimps are left out of pocket.

    At the end of the day, for all the talk of the end of fiat, ye all want to put real money in and take more real money out. its the money ye are chasing. The one you all can spend on lambos and houses in Barbados. The only thing wrong is that all the smart bucks either mined this stuff early, or magiced it out of thin air. Yere the lads throwing real cash at it. And they are the lads cashing it all out into real money. Pyramid scheme lads. Very elaborate one, but a PS all the same.

    That mcafee lad will be tucking into a three course dinner of his flute in 2020.


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    #299
    JohnnyFlash
    Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    lifeandtimes wrote: »
    I feel the same. Im Only popping back in to be nosey.

    You'd swear they were bankers trying to get people back to fiat or sour investors who missed the chance at getting on the train

    The huge majority of investments involve some sort of risk. There’s a reason so much money is invested in bonds. Hedging against swings in a balanced portfolio.

    Crypto is pure unadulterated gambling. I like a bet myself, and understand the principal of overround. House wins in the long term unless you have the edge. Fellas sticking a few k into this don’t have the edge. Yere the lads having some fun and basking in the glow of a few wins. Money ain’t made easy.


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    #300
    aido79
    Moderators, Regional Abroad Moderators Posts: 5,374 Mod ✭✭✭✭aido79


    JohnnyFlash wrote: »
    The material in the link applies to all coins, not just bitcoin. Bitcoin might even be better as at least the lads who got in at the start were on a level playing field. Most of the new coins are premined so any smart Chinese buck can set aside a stack for himself, generate some hype, then dump it for cold hard cash.

    It doesn't really apply to Tangle apart from it being premined.
    As far as I'm aware Tangle technology is only used for one coin. It's up to you if you want to do some research on it but I've done my research and at the minute it's one of the only coins I have confidence in. I'm taking a long term view on it though.


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    #301
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    Major US banks banning cryptocurrency purchases from their credit card: https://www.theverge.com/2018/2/4/16971666/cryptocurrency-bitcoin-jpmorgan-chase-bank-of-america-citigroup-credit-card

    As long as it is just credit cards and not debit cards I understand why they do it: the short term credit facility on a credit card is not meant for buying highly speculative assets. But it is sending a bit of a bad sign for cryptocurrencies.


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