Tinder Surprise wrote: » some of the cold wallet addresses associated with him have activity on them post his death
JohnnyFlash wrote: » If 190million dollars of bitcoin are now in a cold wallet that can never be retrieved then shouldn’t that have a positive impact on price? They are gone from the total pool forever. So why is the price continuing to go down? I know liquidity is razor thin out there, but surely this entire cycle down from 6.5k to 3.3k isn’t a slow bleed.
JohnnyFlash wrote: » I’ve been reading about the Quadriga CX fiasco. Canada’s largest exchange is now insolvent after the founder supposedly died in India, and was the only person who had the passwords to access the cold storage wallets where the majority of the crypto is stored. It’s a great story in general: a will changed 2 weeks before his death, frozen bank accounts, cryptonerdsperforming analysis of the blockchain to verify that bitcoins were ever actually being bought when they handed over FIAT etc. If 190million dollars of bitcoin are now in a cold wallet that can never be retrieved then shouldn’t that have a positive impact on price? They are gone from the total pool forever. So why is the price continuing to go down? I know liquidity is razor thin out there, but surely this entire cycle down from 6.5k to 3.3k isn’t a slow bleed.
JJJJNR wrote: » Johnny I bet your a doge millionaire.
JohnnyFlash wrote: » What is HOT? Never heard of the thing. Tron is shîtting the bed the same as the rest of them. Good old DOGE is nearly performing best.
rapul wrote: » Some hard hit last few hours, few exceptions but ethereum taking a hit for sure, Trx and Hot seem to be doing all good considering
maninasia wrote: » For an individual cryoticurrency this can definitely happen and in fact is likely to happen. For crypto market over all, the comparison doesn't stand.
maninasia wrote: » That's a very good post.
grindle wrote: » Business: Overstock.com Person: Andreas Antonopolous Is ten years a long time? I'd say five to ten years is fair if there aren't any huge obstacles that make an appearance. Ethereum's only been in production for four years. First operating system gets released in 1962. Your response in 1972: "This is shít, never gonna take off, useless." Internet starts up in 1969. Your response in 1979: "This is shít, never gonna take off, useless." First mobile phone gets released in 1973. Your response in 1983: "This is shít, never gonna take off, useless." The first operating system with a GUI gets shown off in 1973 as well. Your response in 1983: "This is shít, never gonna take off, useless." Maybe you've been in a bad accident or you were deprived of oxygen at birth or something (in which case I'm sorry that you are the way you are), but development takes time. Moreso with blockchain because it has to be incredibly secure, the incentive to keep the network secure has to be well-balanced, the punishments for bad actors have to be appropriate and all of this has to be tested through myriad permutations many times to the point of exhaustion (just like us chatting with your type, yes). Anyway, enterprise use has already begun on a small-ish scale, the United Nations regularly transfers money to those in need and tokenises items being dispensed to keep track of them using Ethereum. TUI Group's CEO has already started their own private blockchain based on Ethereum which is used to track their inventory and in the future they'll be selling left-over beds to bidders as a live auction, potentially ruining Expedia and Booking.com's business model. Accenture and Microsoft are using it for ID2020 and any time you're scanning your passport in an airport's quick lane you're being recorded onto a private Ethereum-based blockchain. There are tons of companies with in-production private blockchains because scaling on the public chain is an issue - once scaling isn't an issue and an economy of scale takes over current costs will drop significantly and if they want to interact with other companies they'll all use the chain everybody agrees on, the one they've been hiring developers for, the one with the most developers by an absolutely humongous margin, the fastest growing project in the space. Once Plasma contracts and sub-contracts are available, zkSNARKS is available & the Serenity upgrade is released the costs will drop by many orders of magnitude. Maybe a competitor to Ethereum edges them out but the overarching tech itself will be used for as long as tasks can be or need to be automated. That's the last you'll hear from me, the wilfully ignorant should be wilfully ignored. Good luck in life - I wish much better luck to the poor bastards who can't put you on ignore.
The Enbalmer wrote: » How long do you reckon we should wait before business will start to use this stuff? Bearing in mind Bitcoin was started in 2009 and NOT ONE business or person uses it for day-to-day transactions. Another ten years,perhaps?
Eric Cartman wrote: » there were pubs taking it, microsofts online store and a load of other places who now......no longer accept it....
The Enbalmer wrote: » I remember hearing similar predictions from colleagues who had bought Eircom shares back in the day. They just "knew" that the shares would rise in value and that there'd be a a takeover that would see the value of their shares rocketing..the point being that they predicted price rises based on nothing but dumb optimism...perhaps listening to the occasional shill like RTE and the Indo but the were doomed to lose thier investments..the people who engineered the scam (and the cryptocurrencies scam) have made and taken their money out. The "man in the street" investor has been outmanouvered without ever realising it, and no,this time is NOT different.
The Enbalmer wrote: » So day to day for almost everybody this technology is completely irrelevant. Nobody who isn't an investor in bitcoin believes anything about it being the next big thing. If its already ten years old and nobody is using it is because its crap,a pipe dream for libertarians.
grindle wrote: » The Enbalmer wrote: » NOT ONE business or person uses it for day-to-day transactions. Business: Overstock.com Person: Andreas Antonopolous The Enbalmer wrote: » How long do you reckon we should wait before business will start to use this stuff? ... Another ten years,perhaps? Is ten years a long time? I'd say five to ten years is fair if there aren't any huge obstacles that make an appearance. Ethereum's only been in production for four years. First operating system gets released in 1962. Your response in 1972: "This is shít, never gonna take off, useless." Internet starts up in 1969. Your response in 1979: "This is shít, never gonna take off, useless." First mobile phone gets released in 1973. Your response in 1983: "This is shít, never gonna take off, useless." The first operating system with a GUI gets shown off in 1973 as well. Your response in 1983: "This is shít, never gonna take off, useless." Maybe you've been in a bad accident or you were deprived of oxygen at birth or something (in which case I'm sorry that you are the way you are), but development takes time. Moreso with blockchain because it has to be incredibly secure, the incentive to keep the network secure has to be well-balanced, the punishments for bad actors have to be appropriate and all of this has to be tested through myriad permutations many times to the point of exhaustion (just like us chatting with your type, yes). Anyway, enterprise use has already begun on a small-ish scale, the United Nations regularly transfers money to those in need and tokenises items being dispensed to keep track of them using Ethereum. TUI Group's CEO has already started their own private blockchain based on Ethereum which is used to track their inventory and in the future they'll be selling left-over beds to bidders as a live auction, potentially ruining Expedia and Booking.com's business model. Almost every big company is currently working on this technology. Blockchain [technology] is not on the internet, it will be the internet. The network becomes non-hierarchical. So far, there were a few privileged users on the Internet and many stupid. Now we are talking about the democratization of all information structures. Accenture and Microsoft are using it for ID2020 and any time you're scanning your passport in an airport's quick lane you're being recorded onto a private Ethereum-based blockchain. There are tons of companies with in-production private blockchains because scaling on the public chain is an issue - once scaling isn't an issue and an economy of scale takes over current costs will drop significantly and if they want to interact with other companies they'll all use the chain everybody agrees on, the one they've been hiring developers for, the one with the most developers by an absolutely humongous margin, the fastest growing project in the space. Once Plasma contracts and sub-contracts are available, zkSNARKS is available & the Serenity upgrade is released the costs will drop by many orders of magnitude. Maybe a competitor to Ethereum edges them out but the overarching tech itself will be used for as long as tasks can be or need to be automated. That's the last you'll hear from me, the wilfully ignorant should be wilfully ignored. Good luck in life - I wish much better luck to the poor bastards who can't put you on ignore.
The Enbalmer wrote: » NOT ONE business or person uses it for day-to-day transactions.
The Enbalmer wrote: » How long do you reckon we should wait before business will start to use this stuff? ... Another ten years,perhaps?
Almost every big company is currently working on this technology. Blockchain [technology] is not on the internet, it will be the internet. The network becomes non-hierarchical. So far, there were a few privileged users on the Internet and many stupid. Now we are talking about the democratization of all information structures.
grindle wrote: » Great argument, solid reasoning. :rolleyes: If you think every crypto is just like Bitcoin aiming to overthrow fiat then I understand your scepticism (although not the stubborn unwillingness to research), but not every crypto has that as it's aim, they aim to be fuel for a service or multitude of services - if in a few years those services can be provided cheaper via automation of tasks it would be an irresponsible business that doesn't utilise it.
The Enbalmer wrote: » The "man in the street" investor has been outmanouvered without ever realising it, and no,this time is NOT different.
maninasia wrote: » 2019 in general predict we will see some significant gains, perhaps up to double from now but I doubt we will see any major boom. There will be at least two breakout block chain based app for retail or commercial use. Once that happens we will be on the way to the good times again...For the coins with good use cases and development teams. .
handlemaster wrote: » Whzt do people think of Verge?
JJJJNR wrote: » Been dipping into cardano for a while. Amongst other things they are pushing away with developing a quantum resistant protocol for ADA. It's doubled in the past two weeks.
