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

JJJJNR wrote: »

2k incoming followed by a massive pump.. set the buy orders

Ah yes, taking financial advice from an anonymous twitter account is an excellent idea. Especially when it also involves speculation, technical analysis woo, and an incomplete view of basic facts and figures.

Bob24

grindle wrote: »

https://dailyhodl.com/prepare-for-58000-bitcoin-worth-430-million-to-be-dumped-on-the-open-market-says-crypto-analyst/

This could be fairly hilarious.

Pessimistic view: run, many indicators are already showing red and the market is gonna crash.

Optimistic view: if someone has been dumping 129,000 BTC over the past few weeks and while prices dropped the market didn’t completely collapse; we can probably probably go through another 58,000 BTC, and once that guy is done dumping (around the time of halving), the supply reduction shock could be interesting.

JJJJNR

grindle wrote: »

https://dailyhodl.com/prepare-for-58000-bitcoin-worth-430-million-to-be-dumped-on-the-open-market-says-crypto-analyst/

This could be fairly hilarious.

2k incoming followed by a massive pump.. set the buy orders

makeorbrake wrote: »

You made a statement and it's been dispelled as nonsense. So now you're coming back with secondary nonsense? If blockchain doesn't have a role to play in supply chain, why is it being used by a broad range of private companies in supply chain?

Eh, I'll place my btc where I want thank you very much. Your 'random worthless tokens' jibe is your own deal.

I've asked the question here before but have yet to get a response: why would any company incorporate into their systems a pre-existing coin that would cause cash to flow to coin holders when they could just create their own blockchain? That's 95% of the conversation on this forum is it not? Buying random coins? It hasn't happened and it won't happen because it would be idiotic.
Why do you constantly name-drop legitimate companies and financial institutions here to push your agenda? This is misappropriation of their long established reputations in order to fuel the blockchain hype, and a favoured technique of con artists. And that's where ultimately you're getting this information isn't it? I see the very same articles and videos popping up when I look up something related to bitcoin but whereas I dismiss them for the drivel they are, you recycle them here as if you're some sage revealing secret knowledge.
In my comment about the orange I was highlighting the flawed assumption of the hype merchants of "the internet of things" that some kind of immutable synchresis will be formed between the blockchain and the objects, whether they be antiques or a piece of meat, and that definitive verification will be possible.
It is not possible to merge the physical and abstract in this way.
In practice, a blockchain introduced into a logistics system might only be a marginal improvement over what's currently available.

tcawley29

Ah don't feel too bad lads. I got absolutely screwed on one harmony. I'm just going to hodl until it comes back or hopefully another p&d happens so I can escape

makeorbrake

sabat wrote: »

I read the piece on reuters about carrefour's system-it doesn't really improve the traceability of the food so much as the sticker on the food though does it? Some dastardly criminal genius rogue cypherpunks could mount an attack by peeling off the sticker and sticking it on a cheaper grapefruit from the next shelf.

You made a statement and it's been dispelled as nonsense. So now you're coming back with secondary nonsense? If blockchain doesn't have a role to play in supply chain, why is it being used by a broad range of private companies in supply chain?

sabat wrote: »

If blockchain has improved the efficiency of their logistics and you think it will increase their bottom line then why not buy shares in them instead of random worthless tokens that no company will ever incorporate into their systems?

Eh, I'll place my btc where I want thank you very much. Your 'random worthless tokens' jibe is your own deal.

grindle

https://dailyhodl.com/prepare-for-58000-bitcoin-worth-430-million-to-be-dumped-on-the-open-market-says-crypto-analyst/

This could be fairly hilarious.

Dohnjoe

sabat wrote: »

I read the piece on reuters about carrefour's system-it doesn't really improve the traceability of the food so much as the sticker on the food though does it? Some dastardly criminal genius rogue cypherpunks could mount an attack by peeling off the sticker and sticking it on a cheaper grapefruit from the next shelf.

If blockchain has improved the efficiency of their logistics and you think it will increase their bottom line then why not buy shares in them instead of random worthless tokens that no company will ever incorporate into their systems?

The gains on those random tokens can potentially be far larger. Not to mention the movements are often irrational, meaning you don't need an intimate knowledge of the market or finance to throw money at it.

That's the allure of the whole thing.

makeorbrake wrote: »

Incorrect. Firstly he didn't link to a whitepaper. Secondly, blockchain is already being used in food traceability by Walmart, Carrefour and others.

I read the piece on reuters about carrefour's system-it doesn't really improve the traceability of the food so much as the sticker on the food though does it? Some dastardly criminal genius rogue cypherpunks could mount an attack by peeling off the sticker and sticking it on a cheaper grapefruit from the next shelf.

If blockchain has improved the efficiency of their logistics and you think it will increase their bottom line then why not buy shares in them instead of random worthless tokens that no company will ever incorporate into their systems?

q85dw7osi4lebg

Couple of million Satoshis stacked there today. Black Friday sale, 60% off all time highs. Best deal I've seen all day.

makeorbrake

sabat wrote: »

You just linked to another spammy pie-in-the-sky whitepaper, none of which will ever exist in reality.

Incorrect. Firstly he didn't link to a whitepaper. Secondly, blockchain is already being used in food traceability by Walmart, Carrefour and others.

cnocbui wrote: »

Don't you just hate a combination of reality and bad timing?

https://www.cnbc.com/2019/11/27/blockchain-to-save-food-industry-31-billion-new-research-says.html

Do a Google search for the phrase “could revolutionize.” Do you notice any common themes in the articles?
You just linked to another spammy pie-in-the-sky whitepaper, none of which will ever exist in reality.

JJJJNR

Deleted User wrote: »

This is the type of thing that Blockchain will do well..

And making me billions and billions and billions /close thread.

https://www.cnbc.com/2019/11/27/blockchain-to-save-food-industry-31-billion-new-research-says.html

cnocbui wrote: »

Don't you just hate a combination of reality and bad timing?

https://www.cnbc.com/2019/11/27/blockchain-to-save-food-industry-31-billion-new-research-says.html

This is the type of thing that Blockchain will do well..

cnocbui

JohnnyFlash wrote: »

As an aside; Ethereum will go down as one of the greatest scams/acts of gross incompetence of all time. A disaster of theology and computer science. It's like a load of neckbeards took 35 year old research into zero-proof cryptography and distributed systems, and came up with this:

It's the ultimate in complexity by design. And it does not a single thing to solve the 'who do we trust' issue.

Blockchain is dreadful technology. Like anyone with a grounding in computer science or maths should be able to see it.

Don't you just hate a combination of reality and bad timing?

Blockchain to ‘save food industry $31 billion,’ new research says

unkel

JohnnyFlash wrote: »

Blockchain is dreadful technology. Like anyone with a grounding in computer science or maths should be able to see it.

Unlike a lot of other posters on this forum, I actually like your presence here and your posts, sometimes stirring sh1t and what not.

But you are letting yourself down with that latest contribution. Blockchain is a beautiful technology. I agree with some of your previous posts though where you argue there isn't really much "use case" for it (hate that expression BTW)

Dohnjoe

JohnnyFlash wrote: »

Blockchain is dreadful technology. Like anyone with a grounding in computer science or maths should be able to see it.

Almost every major financial institution is currently developing and/or implementing blockchain and DL tech

Deleted User wrote: »

Yeah, hearing some of it a part of me was going "These people were ripped off..", and then another part of me was going "Well, if they were stupid enough to fall for it, with the flashing lights, the whooping and the techno.. well, tough ****.. you dope.. what did you expect?.."

As an aside; Ethereum will go down as one of the greatest scams/acts of gross incompetence of all time. A disaster of theology and computer science. It's like a load of neckbeards took 35 year old research into zero-proof cryptography and distributed systems, and came up with this:

It's the ultimate in complexity by design. And it does not a single thing to solve the 'who do we trust' issue.

Blockchain is dreadful technology. Like anyone with a grounding in computer science or maths should be able to see it.

JohnnyFlash wrote: »

I
- people who had doctorates, or who had attended elite universities. As if that gave those people gravitas.

Yeah, hearing some of it a part of me was going "These people were ripped off..", and then another part of me was going "Well, if they were stupid enough to fall for it, with the flashing lights, the whooping and the techno.. well, tough ****.. you dope.. what did you expect?.."

Deleted User wrote: »

Well if any of the airlines would accept crypto..

On a somewhat related note, did anyone listen to the BBC onecoin podcast?..I don't know how anyone would buy anything off anyone speaking broken English with a shady eastern European accent..even if she was doubling your coins..

There were definitely moments where I was reminded of discussions I've had with crypto enthusiasts..

It's worth a listen though.. unless maybe if you're still invested in onecoin..

I found the last episode of the podcast difficult to listen to. Uganda is one of the poorest countries in the world, and there was all the same stuff that people in Ireland fell for in 2017.

- Roadmaps
- Whitepapers
- people who had doctorates, or who had attended elite universities. As if that gave those people gravitas.

- A belief in the 'blockchain' as a way to make yourself rich by only having to put your money into the system, and get massive returns on the other side.

- the mixture of despair, hope, and belief

- banking the unbanked
- trying to get other people to invest
- that really greedy thing that humans do where they feel they are somehow worthy of being successful - as they interpret it.

Well if any of the airlines would accept crypto..

On a somewhat related note, did anyone listen to the BBC onecoin podcast?..I don't know how anyone would buy anything off anyone speaking broken English with a shady eastern European accent..even if she was doubling your coins..

There were definitely moments where I was reminded of discussions I've had with crypto enthusiasts..

It's worth a listen though.. unless maybe if you're still invested in onecoin..

grindle wrote: »

You posted this, surely?

I love how up until five days ago all of his posts were on /r/memes and now he's a fúcking monarch.

The Dude did a good job of highlighting the preposterous nature of neckbeard libertarianism. Most of those sorts would struggle to buy a ticket at the airport to their utopia.

grindle

JohnnyFlash wrote: »

https://www.reddit.com/r/TheRedditNation/comments/dzra6j/the_plan_for_reddit_nation/

Would any of the posters around here like to live on a libertarian island which is funded through bitcoin mining?

You posted this, surely?

I love how up until five days ago all of his posts were on /r/memes and now he's a fúcking monarch.

Ah, they'll dissolve the monarchy and it'll be libertarian mad max style rules..

JohnnyFlash wrote: »

https://www.reddit.com/r/TheRedditNation/comments/dzra6j/the_plan_for_reddit_nation/

Would any of the posters around here like to live on a libertarian island which is funded through bitcoin mining?

The (obviously a visionary genius) poster neglects to plan for the potential demographic issues associated with a 100% male population...
Or for a hurricane literally blowing away this utopia in a few hours...
Or for the fact that Belize already has a monarch (QEII) and government and they wouldn't allow this to happen in a million years...

That's surely makeorbrake proposing it..

https://www.reddit.com/r/TheRedditNation/comments/dzra6j/the_plan_for_reddit_nation/

Would any of the posters around here like to live on a libertarian island which is funded through bitcoin mining?

Lex Luthor

I usually just set buy limits below the market price at various prices
Basically letting the market come to me rather than trying to chase it and try to out fox it

Hope for the best they get filled, if not then I don't sweat it

Its impossible right now to call it as it usually is anyway, but you have to think about the long term rather than making a quick buck now

TheAnalyst_

interesting that police are investigating it as a Ponzi scheme yet it’s no different than any other coin out there.