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

Its not about getting anything out of it. Its an involuntary feeling of happiness and laughter. Its like those boxing or MMA vids where one guy is obnoxiously giving it the big bollocks and then a minute later the eyes are in the back of his head.

As I said before if you went in thinking this is a stupid risky punt and kept it to yourself then no i don't feel anything seeing you lose.

sexmag

@makeorbrake I just find it so strange and cant for the life of me understand what they get out of it?
It's akin to standing by while people are falling off something that's hurting them and then elbowing the guy next to you and laughing then going on about downing pints and getting brazzers. That mentality is worse than People who took a risk and Invested but lost out.

And I don't for 1 second believe PPL when he says "oh I genuinely am happy for people who got I and out" Your post count the last few weeks has been nothing but condescending,what are you actually here for?

And JF? Well it's like at a pub when the bouncer kicks you out and then when he's taking a piss a few hours later you sneak back in.

I cant find anything of decent discussion from either of you so I'll be putting yous on ignore, I've gone a whole year trying to see your sides of conversation to keep the discussion alive but at this point I can see there no value in it anymore.

Bye

makeorbrake

smacl wrote: »

but never really felt the need to take the piss out of anyone who may have lost of few bob or been down on their luck along the way, for whatever reason. Why would you do that exactly?

Maybe it's the Trump-ian times we live in but in as many days a few guys here trying to justify their bad behaviour because they reckon someone with an interest in crypto has 'sneered' at them or done them wrong. The same guy part of a double act that have called people here idiots for investing in crypto. The same double act that for months has taken up this smarmy, obnoxious piss take here. One of whom had to go rifling through my posts in other sections of boards.ie to make some ill-formed, inaccurate and bad-minded point. The guy has the nerve to go on about people not having respect for him here until the most recent crypto bear market. Just in case he's under any illusions, I simply don't have any respect for him - and it has nothing to do with the market - we could be in the middle of crypt-winter or crypto-summer - makes no odds.

Another one of them suggesting 'whats not to like' as regards it being good entertainment to see someone lose a lot of money and that it's 'hilarious'. The same scrote coming back here and suggesting that he was equally delighted when many people found themselves in a world of financial pain as part of the celtic tiger boom and bust....many who committed suicide, many who are still going through the courts in trying to keep their homes, still trying to deal with the fall-out.

Karma comes round. You lot think for a second that anything good comes from that small-minded, mealy-mouthed mindset - you're the fools.

Then we have a couple others here who couldn't possibly be objective because they have no tolerance of someone or other that was over-exuberant about crypto back at the last ATH. So what? Different people have taken an interest in crypto - many of whom you will never meet as they wouldn't even mention it. You don't carry that intolerance issue(and regardless of whom you encountered, it's your issue, deal with it) into a discussion of the tech and/or investment proposition and maintain objectivity.

I got out wayyy back at 105.

Pintman Paddy Losty

JJJJNR wrote: »

Bull run! Out the gates

It'll end in tears. Mark my words sonny.

Bull run! Out the gates

lawred2

Grumpypants wrote: »

What's going on. 300 euro jump in minutes

Probably the last resistance before 1500

Grumpypants

What's going on. 300 euro jump in minutes

Possibly not a bad thing then..

JJJJNR wrote: »

I don't know any homeowners that were bailed out.fkrd out the door, yes there's a good few examples of that

Well then you're massively uninformed.

TheAnalyst_ wrote: »

Yeah you're right. Mortgages are a much safer bet as you're more likely to be bailed out.

I don't know any homeowners that were bailed out.fkrd out the door, yes there's a good few examples of that

Franz Von Peppercorn

"Pintman wrote:

A few IT heads who thought they were Gordon gecko because they were blind to the obviously bubblicious nature of the crypto scene in 2017 and through the first half of this year have less respect from me.

Generally it’s people on the edge of IT. Most engineers and developers I know at cynical about both bitcoin and block chain. It’s the managerial
and marketing classes who work in IT but not pegs to the metal who are all over linked in.

Another class is libertarians. Then there’s the standard day traders and speculators you get in a bubble.

TheAnalyst_ wrote: »

It's enjoyable to see those same people shown for the spoofers that they are.

Those poor spoofers with a few investment properties scattered around the town you mean? Must be tough for them, or rather would have been had there not been a second housing bubble and rents at a record high. I mean whod've thunk there'd be a second bubble so soon after the first one popped so badly and people lost so much money. Crazy to think that people might be so stupid twice, right? :rolleyes:

Yeah you're right. Mortgages are a much safer bet as you're more likely to be bailed out.

The projects still exsist no matter what happens to the value of coin. You can't compare owning a couple of dogecoin to the risk involved in multiple mortgages.

That's just insane.

smacl wrote: »

Wouldn't let it bother you. Most of those who are truly successful in their own right have gotten there by taking umpteen risks and failing many times. Those who piss it up against the wall while laughing other peoples efforts, not so much.

I'm enjoying this for the same reason I enjoyed the housing collapse 10 years ago. For years you had these smug plonkers thinking they were some kind of investment sages that looked down the nose of anyone who didnt have multiple mortgages. It's enjoyable to see those same people shown for the spoofers that they are.

Pintman Paddy Losty wrote: »

Listen boyo, Ive taken plenty of risks in my life. I'm an entrepreneur and a businessman. There's 19 people who are directly employed by me. My business is building supplies. I managed to keep my doors open and trade between 2008 and 2013 despite the collapse of the construction industry.

Good for you 'boyo'. I've been working full time since 84, setup my first company in 89, second in 93 which I've subsequently sold and had a pretty good offer for the first of late too. Employed people full time continuously throughout, and brought good money into this country through export. Been through good times and horrendous times like most anyone else who's set up business for themselves, but never really felt the need to take the piss out of anyone who may have lost of few bob or been down on their luck along the way, for whatever reason. Why would you do that exactly?

JohnnyFlash

Cheers Paddy! I’ll give that Leggs place a go, if I’m still up and about. I’ve a lip on me for porter today like you wouldn’t believe. Hope to be hodling on to the headboard later giving some gamey nurse a good rattle. Let’s hope she isn’t a whale! Bit of the old ‘pump and dump’ is sorely needed.

Pintman Paddy Losty

Listen boyo, Ive taken plenty of risks in my life. I'm an entrepreneur and a businessman. There's 19 people who are directly employed by me. My business is building supplies. I managed to keep my doors open and trade between 2008 and 2013 despite the collapse of the construction industry.

Going out and remortgaging your home to get set up and starting out on your own from a warehouse in an industrial estate. That's taking risks. I don't begrudge anyone who actually grafts for their fortune.

A few IT heads who thought they were Gordon gecko because they were blind to the obviously bubblicious nature of the crypto scene in 2017 and through the first half of this year have less respect from me.

I could pull up 40 posts where people sneered at my analysis and criticiam of the whole thing going back well over a year. Well them buckos are no where to be seen now. That's all I'm saying.

PS enjoy the stout Johnny. There will be manys a gamey bird on their Christmas party looking for a length of rod tonight! Legs on leeson Street attracts a lot of the hospital crowd.

Kenny Logins

Moonjet wrote: »

Are the price drops impacting mining activity? Surely it can't be profitable at these prices. Does transaction time just slow down?

Some will stop mining, and then the difficulty will drop to match whatever the total hashrate is to produce a block every 10 minutes.
Last difficulty adjustment was on the 3rd.

Tinder Surprise wrote: »

Not gonna lie it grinds me.

Folk take risks and try make a living for themselves - successful or not how does it matter, or impact on those that grin at their failure.

pathetic!

Wouldn't let it bother you. Most of those who are truly successful in their own right have gotten there by taking umpteen risks and failing many times. Those who piss it up against the wall while laughing other peoples efforts, not so much.

Tinder Surprise

makeorbrake wrote: »

Shadenfreude is alive and well, TinderSurprise. It's one of the reasons with some of the nayswers here there is no room for objective discussion. ;-)

If mining is going to remain unprofitable, then I guess the whole thing will buckle and that will be the end of crypto, right?...err...right?

Not gonna lie it grinds me.

Folk take risks and try make a living for themselves - successful or not how does it matter, or impact on those that grin at their failure, or is it just to prove their point on an Internet forum?

pathetic!

JohnnyFlash

Jesus, the prices are sinking faster than I sank the first pint of stout I’m after swallowin’.

makeorbrake

Tinder Surprise wrote: »

I'd say he is more than likely sitting on a beach somewhere sipping cocktails and I for one wish him all the best if he is.

Why cant you do the same?

Does it kill you that much to see someone be successful in crypto?

Shadenfreude is alive and well, TinderSurprise. It's one of the reasons with some of the naysayers here there is no room for objective discussion. ;-)

If mining is going to remain unprofitable, then I guess the whole thing will buckle and that will be the end of crypto, right?...err...right?

Tinder Surprise

Pintman Paddy Losty wrote: »

There was one guy, think his name was TheHoneyBear. Hasn't posted in a long while though so I'd say he's no longer in the crypto game.

I'd say he is more than likely sitting on a beach somewhere sipping cocktails and I for one wish him all the best if he is.

Why cant you do the same?

Does it kill you that much to see someone be successful in crypto?

Pintman Paddy Losty

Moonjet wrote: »

Are the price drops impacting mining activity? Surely it can't be profitable at these prices. Does transaction time just slow down?

I'd imagine so.

There were a few guys who used to post here that were full of hubris about the amount of profit and vast sums of wealth they were accumulating through mining farms. They've gone very quiet now. I'd imagine they've had to either shut down their rigs or else sell their stash at a massively discounted price to pay the leccy bill. A lot were even mining at a loss or breakeven but hoping the price would continue to rise which would earn them profit in the long run.

There was one guy, think his name was TheHoneyBear. Hasn't posted in a long while though so I'd say he's no longer in the crypto game.

Moonjet

Are the price drops impacting mining activity? Surely it can't be profitable at these prices. Does transaction time just slow down?

Tinder Surprise

ICO priced Cardano (ADA) incoming!

talk me out of it

makeorbrake

grindle wrote: »

It's the newly-decided limitation to store of value which I dislike. There are tons on the /r/Bitcoin sub who'll break your balls for inferring that there should ever be space for fee-free transactions but leaving some space for it was espoused as an ideal by it's creator. They've bought the fee-market propaganda hook-line-sinker and screw the have-nots. A blockchain for rich people which Samson Mow reckons poor people shoudn't be using anyway. It's a fairly scummy ideal to force upon "the people's money". But yeah, it could work as a store of value - just not the type originally imagined and not the type I'd encourage. Imagine if Linus Torvalds decided to implement a strict demand-based fee for Linux. Ask OSS devs how that'd go.

I don't disagree at all. I don't like blockstream's antics any more than you. However, I do believe that store of value can be maintained in a coin over the long haul. I'm also mindful of the fact that bitcoin has network effect and despite the s5it that blockstream are pulling, it could still maintain dominance.

This all boils down again to governance issues. We still don't have the most optimal governance model for any coin. The same issue could arise in ETH if leading devs there conspire in the future to hike the gas price.

grindle wrote: »

Bitcoin could have scaled to anywhere between 4-10 times the amount of transactions with less shítcoins scrambling into position while clogging up the space with little to no change to hashrate or centralisation unless that transaction throughput actually encouraged competition within BTC itself.

I didn't understand it at the time but looking back on it now, it's cringeworthy. Such an opportunity lost - if actual usage of BTC during that Nov- Jan. peak could have gone off without hiked transaction costs and increased transaction times. Those that were introduced to crypto at that time would have garnered more belief in it. Leading up to that time, there was modestly growing usage of crypto for day to day transactions. That momentum got killed stone dead round that time.

grindle wrote: »

I don't think it'll be LN because of the invoice system on a P2P cash basis, it's very messy and requires too many large bankrolls. If you can't tip or lend without using a central source to funnel through it's a non-starter imo, but I do expect somebody'll have some Eureka! moment.
Bitcoin has so many problems inherent due to it's conservativism. They need to correct current mining problems wrt centralisation and power-sponging - they only keep the old algo because they know it works but if hashrate keeps growing to the size of a continent? That's shameful. It's one of my least favourite of Andreas' talking points, pure whataboutism. "Yeah, but they use more, plus this is truly irrevocably yours!"
It's a waste of energy. The network was considered secure enough at the start of last year, it's gained something like 1.5-2x in terms of theoretical transactions thanks to Segwit but consumes 14x the amount of electricity. Abysmal. The amount of energy usage per transaction growing exponentially with the price would make sense if Lightning worked well or was being used, but... Nope.

I'm unsure as regards LN - I don't feel I have a complete technical understanding of it and it's implications. There does seem to be a modest uptick in its usage. We'll have to wait it out and see.
On the energy usage, I'm always in two minds. If there were no other issues with btc , everything else resolved, I'm thinking we could live with it. It can be focused in a way that it uses stranded power. There was a report out recently that explained away that whatever metric they use for data centres in terms of energy usage, btc mining is green as hell comparatively.

grindle wrote: »

This could well happen. Something being kept mysteriously under wraps could be well-honed and spread at speed if somebody finds an even more faultless method of grabbing business mindshare, encouraging speedy adoption and ensuring mass decentralisation.
I can't remember which ETH core dev was talking about them recently but I recall him saying DFINITY were ETH's true competitor rather than godawful scammy shítshows like EOS. "PRAISE BE THE CONSTITUTION! Oh wait, can we change this bit? That didn't work well at all. Oopsies. NVM, only $4b in ICO funds to splurge. lol". Corporation-sucking wankfest if ever I saw one.

Anyway, DFINITY's cap based on tokens sold and supply is going to be quite high depending on their eventual distribution, same as Telegram's TON network. In the billions with nothing to show yet. $2b-ish? That's bananas.

EOS did try something different with governance but got it wrong. Other than that, Larimer has lost all credibility having jumped from one project to the next albeit I'm sure he wont be bothered - he wont be short of a few quid any day soon!
On a new or younger project emerging, there's no doubt that's a possibility. It's logicial to think that a fresh project stands a better chance of designing in solutions to the issues that older generation cryptos have come up against. As regards identifiying them, well we'd all have full bags if we can do that.