Pintman Paddy Losty wrote: » When is that McAfee lad going to eat his hat again. Think he made some ludicrous prediction like btc being 100,000 by the end of the year. Serious amount of egg on his face at the moment. Also are people still defending EOS or are you just disagreeing with Mr. Flash and I out of stubbornness? If people are serious about making money we should just invent our own coin. Flashcoin. Has a nice ring to it. Strong team of Devs led by pintman paddy losty. I'll cobble together a whitepaper and road map in an evening. We'll get h0neybadger to pre mine a good chunk of the coins. Say we're going to make transactions happen in a flash. Pump it on a load of telegram groups. Have some crypto dweeb on youtube say it's the next big thing. Then dump the lot and buy our lambos. What do ye say?
el diablo wrote: » Johnny/Paddy (I suspect you're the same person and use a VPN), you seem to spend an inordinate amount of time on a sector that you believe has zero use cases and is mostly comprised of scams. Many of your claims have been debunked here multiple times but you refuse to see reason (possibly because you regularly post while drunk ). I suggest you find something more constructive to spend your free time on.
JohnnyFlash wrote: » 240 billion of a market cap and a handful of places accepting it as a currency. Mostly places selling virtual crypto tat. This isn’t taking off. It’s slow, expensive, insecure, and in the case of EOS, way more centralised than any financial system.
sexmag wrote: » Gold was used to buy wenchs and whores too in the early days,what's your point? Also on the other thread I provided 3 current real world usage of cryptos,1 here in Ireland, 1 currently in the world cup and 1 in Florida yet you conveniently ignored that and haven't replied like grindl said you wouldn't He's also accused, no prosecutions or charges brought against him but sure in the last 12 months accusations have shown that they may as well be convictions based on the internet mobs trial by twitter
JohnnyFlash wrote: » Ok, he’s suspected of being a kiddie fiddler then. Very sinister individual. I mean the only usage for bitcoin in its early days was for buying child porn and drugs on the darknet markets.
smacl wrote: » He's suspected of being an arbitrary number that can be used just once. Unusual, arguably even unique, but hardly worthy of a reprimand :pac:
JohnnyFlash wrote: » He’s also a very dodgy individual who is widely suspected of being a nonce.
rapul wrote: » Wow personally attacking someone because of there appearance ,clap clap this thread is just awesome well done be proud.
JohnnyFlash wrote: » That article isn’t exactly selling the good news either chum. EOS was worth 12 billion at one stage. Brock Pierce and Dan Larimer made hundreds of millions and have exited stage left with the money of poor chumps who thought they were going to get rich ‘investing’ in this shîtcoin.
sexmag wrote: » How many hours a day do you troll through threads and threads and site and sites to back your agenda of hatred for crypto? This article is bit more unbiased and explains it better than a bunch of annons on reddit going in tandem like you and PPL to agree with each otherhttps://www.coindesk.com/eos-arbitrator-problem-crypto-governance-breakdown-explained/
JohnnyFlash wrote: » https://www.reddit.com/r/eos/comments/8u4kuh/block_producer_cartel_levels/ EOS’s decentralised model is completely broken. Cartels forming with massive voting power. What a fiasco. Perhaps the most wasteful and hyped product ever in this clusterfûck of a space.
JohnnyFlash wrote: » Even I can’t explain this massive drop. Was it the Tether ‘audit’ not being an audit, or the Japanese exchanges getting the slap down and being told to improve on how they verify their customers? Or something else?
smacl wrote: » Just on the highlighted bit, surely they'll never have them to sell, they're only offering to them for sale at which point they'll execute the exchange with the actual buyer. If I have 1000 MagicBean2018 on say Binance, the only way I can convert that to any other coin is if the exchange has a buyer for those 1000 MagicBean2018? The exchanges that have FIAT pairs will typically only have BTC/FIAT pairs or maybe ETH/FIAT pairs, so you still have to get rid of your MagicBeans before you can make a withdrawal. I'd guess they operate FIAT wallets in a similar enough manner, so they're not actually left holding large amounts of even the bigger crypto coins.
grindle wrote: » You need a buyer on the other end, the only interaction the exchange will have with your coin is accepting your trading fees and your withdrawal fees if you move some of your MagicBean2018 off the exchange. Which they'll then try to sell. God, if exchanges were happily buying every shítcoin at any price at any moment we'd all be rich and exchanges would be impoverished.
seannash wrote: » I guess my question is if I place a sell order at Market rate, does it need a buyer on the other end or does the exchange take those buys.
grindle wrote: » So you're hypothetically planning on wasting ETH or BTC (trading fees) to pump the volume of a shoin nobody wants? I mean...try it I guess. The second anybody notices your pumped volume they'll size up your worthless shoin and notice that nobody except you owns any. The crypto markets act like penny stocks and I'd reckon there are tons of plebby shoins being used for money laundering on whatever terrible exchange you can imagine, but expecting random outsiders to jump into the mix to let you offload your bags seems desparately hopeful. e.g. Why should I buy your coin/token?
seannash wrote: » In terms of volume, If i control all the coins because no one has bought any surely I can control the volume.
sexmag wrote: » Exchanges dont just list coins on request,most have stringant application processes's, they want proof of the coins application, white papers, proof of community involvement etc to avoid such things happening and even if they didnt and just listed it,it will have little to no volume on an exchange like that so will be pointless
seannash wrote: » Get it on an exchange (Can you buy your way onto an exchange or can you get on an exchange) Transfer all coins to that exchange and sell to bitcoin or whatever else Cash out
kaymin wrote: » In any case, all that Blankfein has admitted is that he is open-minded about the cryptocurrency market as an emerging asset class.
kaymin wrote: » Yes, inflation has been rampant in a number of countries - their currency still has a value though albeit rapidly diminishing. People spend the FIAT on goods and services
kaymin wrote: » Some inflation is good though - it encourages spending / investment and reduces the real cost of your debt. The limit to the size of bitcoin prevents inflation and possibly would cause deflation or stagnation.
kaymin wrote: » If crypto was adopted widely to the extent that FIAT became redundant, how do you expect governments might function / run the economy? How would governments borrow, smooth out the booms and busts of the economy etc without control of the currency on which their economy is based?
kaymin wrote: FIAT is adopted by democratically elected governments in the main. It is backed by the economy - I don't understand why you think it is not. If the economy produces nothing then the FIAT has no value. People buy dollars because they want to buy goods produced / services provided by the US economy etc The Norwegian Krone is primarily strong because of the size of their foreign and oil reserves and a prudently run economy by the government.
Whelo79 wrote: » I know makeorbreak posted this link earlier but it may have been missed by some in his long post.https://www.ccn.com/goldman-sachs-ceo-its-arrogant-to-think-cryptocurrency-wont-be-successful/ I will emphasise the word arrogant which is used in the article. It is quite apt for a couple of our semi-regular posters in here!
