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

lifeandtimes · 03-02-2018 4:18pm

dubrov wrote: »

That may all be true. That doesn't mean cryptos are a buy at the moment.

I'm pretty convinced this is a bubble but cryptos are here to stay

Like I said I'm not here to convince anyone, that's not my job.

I believe what I believe and that's that

Anthracite · 03-02-2018 6:31pm

lifeandtimes wrote: »

You've been burned before, I understand that and it's made you very apprehensive to this market.

It's not my job to try and convince it's a good market and you should stay investing, that's up to you mate..

You misunderstood, I'm asking how you you convinced yourself.

lifeandtimes wrote: »

But as a young(ish) person myself I see crypto is the way the world is going, just like cards were adopted as a means of payment over cash and tapping your phone to pay has taken over, cryptos with the ease of access to them, simple usage and no fees involving a 3rd party everyone (in my opinion) will adopt to them like everyone has a mobile phone, coincidently your phone will hold your wallet so nobody has to worry about banks etc. Employers will just lodge crypto to employees wallets.

So...you know nothing about the history of speculative bubbles, and haven't cared to learn?

(the Bluetooth technology that Parthus pioneered is ubiquitous now: it didn't mean their shares retained more than a fraction of their value)

Squozen · 03-02-2018 6:45pm

Dades wrote: »

You obviously haven't tried to buy a house in Dublin or Apple shares recently!

I’m trying to buy a house in Dublin right now actually, hence I can’t be speculating. And I sold my Apple shares a couple of years ago, made a pretty decent profit.

I wouldn’t call either of them bubbles. Dublin has a massive housing shortage and that’s not going away any time soon - supply and demand. And Apple made $20B profit in the last quarter, it’s hard to argue their market cap isn’t justified right now.

lifeandtimes · 03-02-2018 7:09pm

Anthracite wrote: »

You misunderstood, I'm asking how you you convinced yourself

How I was convinced is not relevant, what convinced me may not convince someone else and vice versa and as I've said it's not my job to do it either. Sell because you think the bubble will burst or hold, I honestly don't care.

You've made you opinions known which you are entitled to do and I've made mine

Anthracite wrote: »

So...you know nothing about the history of speculative bubbles, and haven't cared to learn

Again making assumptions when I haven't madeany specific comment to confirm or deny that question.

Enjoy whatever you got out of crypto and good luck whatever else you decide to put your money into....if you ever do

Anthracite · 03-02-2018 7:18pm

lifeandtimes wrote: »

Again making assumptions when I haven't madeany specific comment to confirm or deny that question.

If you chose to answer a simple question, no assumptions would be needed.

Look, you seem like a nice fella and I wish you well. I'm just falling back into old habits, having spent years on boards and elsewhere trying to warn people about the property bubble. I hate to see it happening again.

grindle · 03-02-2018 7:27pm

Anthracite wrote: »

...having spent years on boards and elsewhere trying to warn people about the property bubble. I hate to see it happening again.

The crypto market will ebb and flow dramatically for years yet to come, you're a while away from needing to warn us about the bubble popping.

In relation to the property bubble, the crypto market is likely in the very early stages of it, think late 90s Ireland. That period when most idiots thought house prices could annually maintain 4x the growth of our wages and that would be fine. Ideal even! Sher we'll all be rich!

I see why you'd worry about people throwing their money away, there's a shocking amount being thrown towards absolute muck.

WhiteMemento9 · 03-02-2018 7:35pm

Drop in the ocean crash when you compare it

Stock market loses nearly $1 trillion on the week

JohnnyFlash · 03-02-2018 8:05pm

I understand the hype around Blockchain. But the valuation of these coins? Not getting it. Ethereum for example. They launched coins that now have a value of around 900 dollars. How will this 900 dollar coin be practically implemented into a financial system, and what will it be used for? And why would society, a bank, or a community use this ethereum coin instead of just launching their own? I see hype for these coins being mixed up with hype around the tech behind it. It looks like a huge scam to me. Create shît coins out of thin air, get people to give you ethereum for them, then cash out into FIAT.

Load of cock to be honest. You’ll all get burned.

JohnnyFlash · 03-02-2018 8:07pm

WhiteMemento9 wrote: »

Drop in the ocean crash when you compare it

Stock market loses nearly $1 trillion on the week

Another bubble, but at least shares are based on companies producing something, not magicing coins out of thin air.

lifeandtimes · 03-02-2018 8:12pm

JohnnyFlash wrote: »

I understand the hype around Blockchain. But the valuation of these coins? Not getting it. Ethereum for example. They launched coins that now have a value of around 900 dollars. How will this 900 dollar coin be practically implemented into a financial system, and what will it be used for? And why would society, a bank, or a community use this ethereum coin instead of just launching their own? I see hype for these coins being mixed up with hype around the tech behind it. It looks like a huge scam to me. Create shît coins out of thin air, get people to give you ethereum for them, then cash out into FIAT.

Load of cock to be honest. You’ll all get burned.

I've seen your comments all over this forum johnny, you have some hatred for crypto. I'm sure a lot people felt the same when the stock market first took off.

I wish everyone well in this market and always trust your gut, trade what you can afford to lose and get out when you can

lifeandtimes · 03-02-2018 8:14pm

Anthracite wrote: »

If you chose to answer a simple question, no assumptions would be needed.

Look, you seem like a nice fella and I wish you well. I'm just falling back into old habits, having spent years on boards and elsewhere trying to warn people about the property bubble. I hate to see it happening again.

I get what youre doing and I appreciate it. Don't take my comments to be angry. At the end of the day fools rush in and me and a lot of people here aren't fools

JohnnyFlash · 03-02-2018 8:18pm

lifeandtimes wrote: »

I've seen your comments all over this forum johnny, you have some hatred for crypto. I'm sure a lot people felt the same when the stock market first took off.

I wish everyone well in this market and always trust your gut, trade what you can afford to lose and get out when you can

No hatred for crypto. Just spelling out that the inherent value of all these coins is 0. I wouldn’t like to see people lose money they cannot afford to buy an ‘asset’ that was created by some Chinese dude who downloaded the source code, entered a value for the number of coins he was going to create, then launched a site with lies about partnerships, a badly written white paper, and a roadmap that is all vagueries about future developments. It’s a classic pump and dump that’s going on. It’s not even a clever scam. Just don’t be the bag holder when this house of cards coming crashing down. And it will.

drunkmonkey · 03-02-2018 8:27pm

The inherent value of a euro is 0, well you could count the 2% of gold held in relation to the euro but best or luck getting that out of Hans.

If you are buying some crypto which isn't safe it's probably fair to say what ever chance you have buy the top 4

Bitcoin
Etherum
Bitcoin Cash
Litecoin

Dr Bolouswki · 03-02-2018 9:55pm

JohnnyFlash wrote: »

Just spelling out that the inherent value of all these coins is 0.

The use of the word "all" here seems a bit hyperbolic. It depends how the generation, utility of and fundamental use of the coin is intended. None of the serious projects are intended to replace Fiat. Arguing that they will never replace Fiat completely misses the point of many of them and illustrates a limited understanding of what they do. I agree its been a bubble, I agree many of the coins are ill-conceived, some of them are scams etc. - you are right on all those counts. But don't undermine the good points you make by dismissing the entire notion as ill-conceived.

JohnnyFlash · 03-02-2018 10:03pm

Dr Bolouswki wrote: »

The use of the word "all" here seems a bit hyperbolic. It depends how the generation, utility of and fundamental use of the coin is intended. None of the serious projects are intended to replace Fiat. Arguing that they will never replace Fiat completely misses the point of many of them and illustrates a limited understanding of what they do. I agree its been a bubble, I agree many of the coins are ill-conceived, some of them are scams etc. - you are right on all those counts. But don't undermine the good points you make by dismissing the entire notion as ill-conceived.

So say some group create a coin intended to be used for enabling smart contracts between landlords and tenants -cutting out the estate agent. Grand. Can’t see an immediate use for such tech, but the idea is sound. How does you holding a number of their coins allow you to contribute to the business model? Why are those coins worth what they are worth, and how will you derive a profit from them? These coins can be created by downloading code and setting a variable. They can create an infinite amount and variation of coins. There’s no inherent value in any of them. The only value at the moment is that you hope us=ome other bucko is prepared to pay more money for you for this coin that was created out of thin air. And no , that’s no way comparable to fiat currency.

dubrov · 03-02-2018 10:09pm

JohnnyFlash wrote: »

So say some group create a coin intended to be used for enabling smart contracts between landlords and tenants -cutting out the estate agent. Grand. Can’t see an immediate use for such tech, but the idea is sound. How does you holding a number of their coins allow you to contribute to the business model? Why are those coins worth what they are worth, and how will you derive a profit from them? These coins can be created by downloading code and setting a variable. They can create an infinite amount and variation of coins. There’s no inherent value in any of them. The only value at the moment is that you hope us=ome other bucko is prepared to pay more money for you for this coin that was created out of thin air. And no , that’s no way comparable to fiat currency.

Flat currency is exactly the same. Its only value is that which other people believe it has.

Plenty of flat currencies have collapsed even when backed by major powers at the time.

WhiteMemento9 · 03-02-2018 10:15pm

https://twitter.com/iamjosephyoung/status/959895260410216448

JohnnyFlash · 03-02-2018 10:19pm

dubrov wrote: »

Flat currency is exactly the same. Its only value is that which other people believe it has.

Plenty of flat currencies have collapsed even when backed by major powers at the time.

The Euro is backed by an economy, trade and elastic markets. A new coin is created by downloading some code, deciding how many you will create, getting someone to give you another coin that has a perceived higher value for a number of these coins, then cashing them out into real money asap.

Ripple is valued at 36 billion dollars. No bank will ever use this coin. They might use ripples technology stack, but why would they ever use the coin? No one has ever answered how the banks would use this xrp, how the holders would benefit by having these xrp coins, and how these coins would construe some sort of ownership of the market that 3ould exist as a result. I can download the ripple code at the moment and create xrp2. And so can banks.

0 value. Nada. Nothing. Zilch.

dubrov · 03-02-2018 10:24pm

The Euro is not backed by any of those things. It is backed by the people and if people stopped accepting it for exchange of goods/services, it would instantly worth zero whatever the central bank says.

The central banks can create currency at the stroke of a key.
The money in your bank account is no more real than a ripple code.

JohnnyFlash · 03-02-2018 10:34pm

dubrov wrote: »

The Euro is not backed by any of those things. It is backed by the people and if people stopped accepting it for exchange of goods/services, it would instantly worth zero whatever the central bank says.

The central banks can create currency at the stroke of a key.
The money in your bank account is no more real than a ripple code.

Got me 20 benson and 8 cans of Guinness in tesco 15 minutes ago. Get back to me when I can do that with a coin that any punter can magic of thin air. The only thing backing the value of coins at the moment is the assumption someone will pay more than you for it.

Autochange · 03-02-2018 10:45pm

JohnnyFlash wrote: »

Got me 20 benson and 8 cans of Guinness in tesco 15 minutes ago. Get back to me when I can do that with a coin that any punter can magic of thin air. The only thing backing the value of coins at the moment is the assumption someone will pay more than you for it.

https://www.cryptodechange.com/product/tesco/

Whats the tax rate on your fags and booze?

dubrov · 03-02-2018 10:48pm

You could make the same argument about USD in Ireland.
The shop won't accept it. Plenty of other places will though.

Do you think that has zero value too?

lifeandtimes · 03-02-2018 11:21pm

JohnnyFlash wrote: »

Got me 20 benson and 8 cans of Guinness in tesco 15 minutes ago. Get back to me when I can do that with a coin that any punter can magic of thin air. The only thing backing the value of coins at the moment is the assumption someone will pay more than you for it.

If all your going to do is post complete negative stuff about crypto what are you doing here? Youre not doing a public service.

Also yes anyone can make a coin, no one will just buy any coin, too many available coins of a specific coin will devalue the coin itself this making is pointless to make an unlimited number, however people pay fiat in exchange for coins, plenty of places are accepting these coins for goods and services, thus giving them real world value so you argument is null.

The second people accept this coins for good and services is the second they become of value without the need of a middle man and that was satoshis dream come true

JohnnyFlash · 03-02-2018 11:42pm

lifeandtimes wrote: »

If all your going to do is post complete negative stuff about crypto what are you doing here? Youre not doing a public service.

Also yes anyone can make a coin, no one will just buy any coin, too many available coins of a specific coin will devalue the coin itself this making is pointless to make an unlimited number, however people pay fiat in exchange for coins, plenty of places are accepting these coins for goods and services, thus giving them real world value so you argument is null.

The second people accept this coins for good and services is the second they become of value without the need of a middle man and that was satoshis dream come true

I’m fascinated with the whole thing to be honest. Even the language used is interesting, hodl, lambo, moon. Anything that isn’t going on about how wonderful this all is is dismissed as negativity. If I had any knowledge of computers and programming then i’d be creating a coin - maybe for payments between consumers and farmers without the supermarket. Copy an auld whitepaper, stick up a few photos of the ‘team’, pretend I’m partnering with farmers unions and supermarket chains, create an ico, generate a bit of hype on Twitter, pretend to have a summit, issue a vague roadmap, get punters to give me ether for the coins I magiced out of my hole, then convert that to euros fairly rapid.
I’ve dealt with the Chinese before. Cute fùckers. They must be kicking themselves at how easy all this is. Magic beans into money in a few steps.

lifeandtimes · 03-02-2018 11:48pm

JohnnyFlash wrote: »

I’m fascinated with the whole thing to be honest. Even the language used is interesting, hodl, lambo, moon

Bar hodl(which is done as a joke due a to misspelling from aomeone years ago) the rest are used by immature and newbies who have no idea what they're doing. Seasoned investors cringe seeing those types of comments

JohnnyFlash wrote: »

maybe for payments between consumers and farmers without the supermarket. Copy an auld whitepaper, stick up a few photos of the ‘team’, pretend I’m partnering with farmers unions and supermarket chains, create an ico, generate a bit of hype on Twitter, pretend to have a summit, issue a vague roadmap, get punters to give me ether for the coins I magiced out of my hole, then convert that to euros fairly rapid.

You've been beaten to it, it's called pineapple coin

Shauny2010 · 03-02-2018 11:52pm

To quote Jack Ma ( Yes he's Chinese and one of the smartest people on the planet, started Alibaba, Aliexpress, Alipay etc)

If you don't know or understand something is not shameful
but where you don't know and yet pretend to know is very shameful

https://www.youtube.com/watch?v=bsQSWqCbqhY

JohnnyFlash · 04-02-2018 12:03am

Shauny2010 wrote: »

To quote Jack Ma ( Yes he's Chinese and one of the smartest people on the planet, started Alibaba, Aliexpress, Alipay etc)

If you don't know or understand something is not shameful
but where you don't know and yet pretend to know is very shameful

https://www.youtube.com/watch?v=bsQSWqCbqhY

Watched that, and he spoke for about a minute on the topic. And he expressed an interest in the tech behind bitcoin - blockchain. Agreed on that. Decentralized systems like that are radical. Don’t see how some chancer creating an ICO and hyping a coin before dumping it all for cash tied in with his vision though.

https://www.bloomberg.com/news/articles/2018-02-02/roubini-says-bitcoin-is-the-biggest-bubble-in-human-history

Another video there to chew over horse...

Anthracite · 04-02-2018 12:04am

Shauny2010 wrote: »

To quote Jack Ma ( Yes he's Chinese and one of the smartest people on the planet, started Alibaba, Aliexpress, Alipay etc)

If you don't know or understand something is not shameful
but where you don't know and yet pretend to know is very shameful

Was he talking about cryptocurrency or asset bubbles?

dubrov · 04-02-2018 12:12am

JohnnyFlash wrote:

If I had any knowledge of computers and programming then iâ€™d be creating a coin - maybe for payments between consumers and farmers without the supermarket. Copy an auld whitepaper, stick up a few photos of the â€˜teamâ€™, pretend Iâ€™m partnering with farmers unions and supermarket chains, create an ico, generate a bit of hype on Twitter ...

How is cutting out supermarkets in any way relevant? We are talking currencies here, not new business models.

There is nothing stopping you creating a new currency. Good luck with getting anyone to believe it has ant value though.

makeorbrake · 04-02-2018 12:12am

JohnnyFlash wrote: »

Don’t see how some chancer creating an ICO and hyping a coin before dumping it all for cash tied in with his vision though.

Yes, anyone can create a virtual currency now. Get used to it. You seem obsessed with this fact. So what? Some coins will have intrinsic value and characteristics which mean that people believe in them. Others will have nothing....like the one you're going on about. Are many of the crypto's created a waste of space? - sure. Again, so what. Do you want to castigate those who have bought them? Again, no problem - I do to....but you are including the good with the bad in that.
There are serious projects with very talented people behind them in some cases. They all have to be evaluated. You dismiss them all without any consideration - that's not intelligent.

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.

JohnnyFlash wrote: »

Another video there to chew over horse...

I don't have to eat horse...at least not since I cashed out my cryptocurrency with a 4000% gain....ribeye steak for me every night but thanks anyways...:D

Shauny2010 · 04-02-2018 12:30am

dubrov wrote: »

How is cutting out supermarkets in any way relevant? We are talking currencies here, not new business models.

There is nothing stopping you creating a new currency. Good luck with getting anyone to believe it has ant value though.

No we are talking about the understanding of crypto currencies. Most people here can spot the difference between a ponzi shill coin and something with real value and effort.
I say most people because their is always a few who get carried by hype, shilling, BS etc and fail to do the least amount of research on what they are getting.
This is not a new phenomena, look back in history you will see scams, from the TV game shows of the 1950s that were rigged and the contestants were given the answers. Hence the Wallstreet term "Gaming the Market"
The Newspapers if the late 1920s and 30s printing fake Business reports etc
Your argument is an old one I'm afraid

ZeroThreat · 04-02-2018 12:32am

makeorbrake wrote: »

Yes, anyone can create a virtual currency now. Get used to it. You seem obsessed with this fact. So what? Some coins will have intrinsic value and characteristics which mean that people believe in them. Others will have nothing....like the one you're going on about. Are many of the crypto's created a waste of space? - sure. Again, so what. Do you want to castigate those who have bought them? Again, no problem - I do to....but you are including the good with the bad in that.
There are serious projects with very talented people behind them in some cases. They all have to be evaluated. You dismiss them all without any consideration - that's not intelligent.

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.

I don't have to eat horse...at least not since I cashed out my cryptocurrency with a 4000% gain....ribeye steak for me every night but thanks anyways...:D

hope you put a fair amount in to maximise that 40 times return

makeorbrake · 04-02-2018 12:39am

ZeroThreat wrote: »

hope you put a fair amount in to maximise that 40 times return

I'm not complaining. I write this from the tropics, can hear the waves of the Ocean crash against the shore - it's financing a year away from the day job. Had I been in a position to cash out a few weeks earlier, we would have been talking about an 80 fold gain ...in which case I didn't plan on going back to the day job.

As it stands, looks like I'm going back...but I'm not exactly feeling sorry for myself :-)

Autochange · 04-02-2018 12:44am

makeorbrake wrote: »

I'm not complaining. I write this from the tropics, can hear the waves of the Ocean crash against the shore - it's financing a year away from the day job. Had I been in a position to cash out a few weeks earlier, we would have been talking about an 80 fold gain ...in which case I didn't plan on going back to the day job.

As it stands, looks like I'm going back...but I'm not exactly feeling sorry for myself :-)

Your Ip address puts you in a caravan outside Gort

dubrov · 04-02-2018 12:46am

Shauny2010 wrote:

No we are talking about the understanding of crypto currencies. Most people here can spot the difference between a ponzi shill coin and something with real value and effort. I say most people because their is always a few who get carried by hype, shilling, BS etc and fail to do the least amount of research on what they are getting. This is not a new phenomena, look back in history you will see scams, from the TV game shows of the 1950s that were rigged and the contestants were given the answers. Hence the Wallstreet term "Gaming the Market" The Newspapers if the late 1920s and 30s printing fake Business reports etc Your argument is an old one I'm afraid

I'm guessing you thought my argument was that all cryptos are worthless because anyone can make one up. It wasn't.

makeorbrake · 04-02-2018 12:47am

Autochange wrote: »

Your Ip address puts you in a caravan outside Gort

Really? I didn't know my VPN service had a hub in a caravan outside of Gort?

If I am, it's a big caravan and the weather in Gort has turned quite tropical. Meh - that would be the Brazilian influence down there...

Dr Bolouswki · 04-02-2018 1:29am

Ethereum is a platform. A platform that applications work on. Distributed applications. In order to ensure that the platform remains functional, it requires resources to contribute to that functionality. Those resources are a combination of non-users and users. In order to reward these parties for contributing their resources, they receive block rewards. Those block rewards are called Ethereum. That is the "currency" of their reward. Non-users who get this reward are called "miners". Users who use the Ethereum network use up a resource called "gas" which is a by-product of Ethereum. By this method, the "currency" required to power the network has an inherent value to the very applications that require the network to function.

It is not created out of thin air, it is not worth zero, nada, zilch. It is a measurement of value of a service being provided. Perhaps lend a thought to intelligence being the currency of discourse, and recognise that it's possible to be broke without even knowing it.

The One Doctor · 04-02-2018 4:40pm

I moved all my Bitcoin into alts over the last few weeks. Turned off all my alerts and just get a single email with my Bitcoin balance every day.

Obsessing never helps.

lifeandtimes · 04-02-2018 5:25pm

The One Doctor wrote: »

just get a single email with my Bitcoin balance every day.

How did you set that up?

Edit: nevermind I figured it out

grindle · 04-02-2018 7:30pm

Dr Bolouswki wrote: »

Ethereum is a platform....recognise that it's possible to be broke without even knowing it.

He won't understand a word of what you're saying.

To the plebs who decide these are worthless without a second of research you can just fork any coin at any time and own a platform with equal value - they don't see the value in having the devs ETH has on board, the eco-system that ETH is surrounded by, the Fortune 500 companies who're already spending real cash on either using or investigating uses for the platform.

It's the epitomy of ignorance but I can understand why they don't see it happening in front of their eyes. In a perfect world they wouldn't even notice the changeover, but here they are watching it slowly unfold and they think it's the end of times.

Any financial middlemen and any services built on trust of a solitary third party are well and truly fúcked and people like JohnnyFlash don't understand why. It understandable because they refuse to research it.

Is crypto filled with bubbles?
Yep.
Has it reached it's final form?
Very very very far away from that happening. We're trillions of dollars away from the peak.

kaymin · 04-02-2018 8:47pm

grindle wrote: »

He won't understand a word of what you're saying.

To the plebs who decide these are worthless without a second of research you can just fork any coin at any time and own a platform with equal value - they don't see the value in having the devs ETH has on board, the eco-system that ETH is surrounded by, the Fortune 500 companies who're already spending real cash on either using or investigating uses for the platform.

It's the epitomy of ignorance but I can understand why they don't see it happening in front of their eyes. In a perfect world they wouldn't even notice the changeover, but here they are watching it slowly unfold and they think it's the end of times.

Any financial middlemen and any services built on trust of a solitary third party are well and truly fúcked and people like JohnnyFlash don't understand why. It understandable because they refuse to research it.

Is crypto filled with bubbles?
Yep.
Has it reached it's final form?
Very very very far away from that happening. We're trillions of dollars away from the peak.

You seem unable to distinguish between blockchain technology (of which I'm not aware of anyone on this thread that is disputing the potential) and the current crop of crypto currencies (which almost all, if not all, have a very real potential of falling to zero).

Autochange · 04-02-2018 8:52pm

Justin Timberface performing on the super bowl half time show later. Supposedly he will be joined by a hologram of the departed Prince. VibeHub are the company behind the hologram technology. Vibe coin on Binance has been busy today. Good to see one of the alts technology being used in such a high profile public event.

drunkmonkey · 04-02-2018 9:02pm

grindle wrote: »

Any financial middlemen and any services built on trust of a solitary third party are well and truly fúcked and people like JohnnyFlash don't understand why. It understandable because they refuse to research it.

We have middlemen in crypto and there expensive, it's expensive to buy and expensive to transfer. It's a lot cheaper deal with the banks, have all the convenience and safety that goes along with that.

Anthracite · 04-02-2018 9:16pm

Autochange wrote: »

Justin Timberface performing on the super bowl half time show later. Supposedly he will be joined by a hologram of the departed Prince. VibeHub are the company behind the hologram technology. Vibe coin on Binance has been busy today. Good to see one of the alts technology being used in such a high profile public event.

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

99 Bortles of Beer · 04-02-2018 9:25pm

Autochange wrote: »

Justin Timberface performing on the super bowl half time show later. Supposedly he will be joined by a hologram of the departed Prince. VibeHub are the company behind the hologram technology. Vibe coin on Binance has been busy today. Good to see one of the alts technology being used in such a high profile public event.

That's not going ahead. There'll be no hologram, Prince was against that technology.

Autochange · 04-02-2018 9:35pm

99 Bortles of Beer wrote: »

That's not going ahead. There'll be no hologram, Prince was against that technology.

Hes dead. Sure what does it matter what he thought.

Autochange · 04-02-2018 9:35pm

Anthracite wrote: »

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

No idea. I have enough crypto alts to try keep an eye on.

Pintman Paddy Losty · 04-02-2018 9:48pm

The blind fervor that people defend their cryptocoin of choice here is staggering. It's cult like the way people repeat their mantras over and over to reassure themselves that they haven't been hoodwinked.

makeorbrake · 04-02-2018 9:53pm

@Mr. Losty: You running a tag team with Mr. Flash...seeing as you now have both been active here and trolling on another boards thread?

Sleeper12 · 04-02-2018 9:57pm

Pintman Paddy Losty wrote:

The blind fervor that people defend their cryptocoin of choice here is staggering. It's cult like the way people repeat their mantras over and over to reassure themselves that they haven't been hoodwinked.

I've seen members defend ponzi schemes in the same way. Then when it all collapses they cry and want someone to refund them their money.

It's all speculation but I'm sure there's still money to be made before it all goes pear shaped. The clever ones will have sold before then

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

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