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Thread: Bitcoin....who's gotten into it?
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06-11-2019, 09:58 AM #2651I drink it up
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06-11-2019, 10:26 AM #2652I drink it up
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06-11-2019, 12:15 PM #2653
Yup.
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06-11-2019, 12:21 PM #2654Registered User
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I only take advice from dogs on twitter, good call.
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06-11-2019, 12:56 PM #2655I drink it up
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06-11-2019, 01:44 PM #2656observing free range rude
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Huh
Last edited by Bromontana; 01-31-2020 at 05:25 PM.
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06-11-2019, 01:50 PM #2657I drink it up
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Bitcoin....who's gotten into it?
Here, I’m just arguing that ACH is not currently destined for imminent failure and crypto is not exactly driving the current innovation in P2P payments. Your example quite clearly shows that it’s just trying to tag along for the ride, as much any any other point you think you’re making. I’d say if anything it’s a net distraction from meaningful innovation, but whatevs.
Also crypto != bitcoin != blockchain. It’s exhausting to argue this stuff when you keep changing what you’re arguing about.focus.
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06-11-2019, 02:24 PM #2658I drink it up
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Bitcoin....who's gotten into it?
Well sure. I’m just talking about all bitcoin is crypto, but not all crypto is bitcoin kind of stuff. You know, Sesame Street level logic.
focus.
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06-11-2019, 03:00 PM #2659
So you're admitting that crypto is money? Lol
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06-11-2019, 03:07 PM #2660
Whatever you say.
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06-11-2019, 03:55 PM #2661
TGRz pays me in poastcoin.
Am bullish.
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06-11-2019, 04:02 PM #2662
some 0% of his posts add value. He makes no supported arguments, just sky will fall, just you wait.
Blockchain technology has many uses, and blockchain networks that end up being desirable to use because of certain benefits, (speed, security, anonymity, inventory tracking, building application on top of network, etc) will increase in value. Networks have value. Access to those networks and the ability to use them is granted through tokens, crypto currencies. If you want to use ethereum to track inventory, and you have 1000 items to track, you need at least 1000 ether to track your items. If others all see the benefit provided by the network, and want to use it to track their inventory as well, the value of ether just went up. Crypto currency is only as valuable as the perceived benefits provided by the network they reside in. Bitcoin network has certain perceived benefits. Secure, anonymous, self reinforcing incentives for the different players, and so people want to use the network. the token, bitcoin has value. If more people want to use the network, the value of bitcoin will rise.sigless.
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06-11-2019, 05:23 PM #2663
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06-11-2019, 06:02 PM #2664
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06-11-2019, 06:20 PM #2665I drink it up
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Bitcoin....who's gotten into it?
I’m not the one making the “bitcoin == P2P competitor who is pressuring established payment systems” straw man. That’s largely fabricated bullshit.
Easy to say, but also easy to point to the fact that P2P payment systems aren’t utilizing bitcoins in any meaningful volume and don’t want for anything other than ease of getting money from their bank account to the other person’s bank account in real time. That problem hasn’t really been solved yet, not simply. Here’s a clue: introducing an unrelated third party non-currency doesn’t solve shit. It’s about cost and friction and adoption.
Nobody actually gives a fuck about getting rid of trusted third parties. No matter how many bitcoin blogs you’re reading.focus.
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06-11-2019, 06:24 PM #2666I drink it up
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06-11-2019, 06:43 PM #2667I drink it up
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Bitcoin....who's gotten into it?
That’s adorable.
Your bitcoin bux are awesome, sweetie. You go! The best bank in the world agrees with you!
They’ll probably process ten thousand payments with it in the next month alone! Success! Lambos!
Stick to speculation, dood. Chances are pretty good that you’ll be able to find a greater fool. You know lots about that stuff. You don’t need it to be true to make moneyz.focus.
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06-11-2019, 07:30 PM #2668
K gravity, here is the 30 second search...
Maersk (biggest) and the next two largest container companies all track their containers using a shared Blockchain Network. You may not be able to buy their "coins" but they exist.
https://www.google.com/amp/s/www.com...edger.amp.html
American Express Blockchain currency transactions. Something like this will displace ach.
https://www.americanexpress.com/us/f...cial-services/
Jp Morgan developing "digital dollars" using ethereum platform. Also likely a replacement for ach type ledgers.
https://media.consensys.net/j-p-morg...n-64f0fe3e55bc
Now here is a guide for building your own inventory tracking system using ethereum.
https://cerasis.com/blockchain-in-supply-chain/
A little company you may have heard of called Microsoft using Bitcoin network to develop a new login system.
https://www.google.com/amp/s/www.zdn...blockchain-id/
sent from Utah.sigless.
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06-12-2019, 04:09 AM #2669Banned
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06-12-2019, 07:38 AM #2670Registered User
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Money? lol
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06-12-2019, 08:04 AM #2671
Gravity, not sure what your argument is.
If it is all gobbledegook to you, perhaps you should learn a little more about it. Your arguments typically consist of, bitcoin is garbage, LOL. You say it's all garbage, and gobbledegook, yet the increasingly rapid pace of established businesses working to adopt the technology says otherwise.
Partnerships are real in business.
Why do you spend so much time trying to knock down something you think is worthless? Nothing better to do?sigless.
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06-12-2019, 10:03 AM #2672
QFT
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06-12-2019, 11:50 AM #2673Registered User
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this ^^ if somebody will give you real money or things for a bit coin then they aren't worthless but I would argue that bitcoin is right up there with a penny mining stock on the Vancover exchange ... not stable
I had this convo with a ski bud during car ride, he bought at 3500 tells me it went to 7000, I'm like dude why didnt you sell cover your initial investment and get in again when its low but he is not that much of a highroller, he seems to want to believe Bitcoin is something to hold for the long term cuz blah blah blah all the reasons already stated and it will be there when Fiat breaks down ... he totally drank the digital koolaidLee Lau - xxx-er is the laziest Asian canuck I know
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06-12-2019, 03:21 PM #2674I drink it up
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Again, you seem like a smart guy, which leads me to believe that your counterpoints above are dishonest more than they are clueless.
focus.
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06-12-2019, 03:28 PM #2675
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