- Joined
- Dec 22, 2003
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- 37,411
Yes. Doesn't seem hugely likely at the moment tho.
I wasn't talking about crypto in general; crypto in general is great. But buying a future in a coin that's the product of a contentious hard fork that hasn't even happened yet is stoopid. Because that contentious hard fork is now not going to happen, leaving all those who did buy the future high and dry.
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Shagrat
I am a FH squatter
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- Dec 23, 2003
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- 6,945
ouch!
fettoken
I am a FH squatter
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- Jul 18, 2004
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- 9,640
Even when something like that happened, it barely had an impact on the price. I think it might've dropped about $10 and then recovered. And anyway, that wasn't a problem with Ethereum, it was down to someone writing some dodgy code in a wallet application (basically).
Cryptocurrencies (and more specifically blockchain applications) are here to stay, it's just not yet clear in what form they are here to stay.
Cryptocurrencies (and more specifically blockchain applications) are here to stay, it's just not yet clear in what form they are here to stay.
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- 45,199
Depends who you ask, cracking encryption for the CIA, probably. /job
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- Dec 22, 2003
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The value is in a number of things, the blockchain itself has huge value but in terms of a currency - what gives our money "value" other than that we're willing to trade it.
Most people don't understand how our current standard currencies work and the huge levels of bullshit that goes with them. 85% percent of UK MP's don't understand that money is created out of thin air when a bank gives you a loan for something. Loads of people think bitcoin's better than our money...
Moriath
I am a FH squatter
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- Dec 23, 2003
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- 16,209
I have a lot of fine butchers where i live now. In my town in berkshire there were zero.
And where u buy your meat from has nothing to do with contaminating it with green things
CorNokZ
Currently a stay at home dad
- Joined
- Jan 24, 2004
- Messages
- 19,779
Yes, money is "created out of thin air", but it is also destroyed just in smaller bits at a more steady pace.
When the bank loans you money, you go and invest them. In a new house, your business or something else. So now that money is converted into something tangible. When you start paying that money back, the bank then destroys already existing money to make up for it. Otherwise you would have what is known as Zimbabwe Inflation Rates.
If Bitcoins were to take over the money system as we know it today, good luck ever getting a decent interest rate on your loans. With the limited amounts of Bitcoins everyone will be trying their absolute best to keep on to a many of them as possible, just in case something goes south. It'll be much more difficult to obtain a loan in the first place a well.
Lamp
Gold Star Holder!!
- Joined
- Jan 16, 2005
- Messages
- 23,248
No looking up. A celebration of knowledge:
(1) For 2 points, which company owns Maltesers?
(2) For 3 points, what is the name of the chemical compound OsO₄?
(3) For 4 points, which artist is frequently credited with painting The Embarkation of St Ursula?
(4) For 5 points, what is the predominant religion of Cameroon?
(1) For 2 points, which company owns Maltesers?
(2) For 3 points, what is the name of the chemical compound OsO₄?
(3) For 4 points, which artist is frequently credited with painting The Embarkation of St Ursula?
(4) For 5 points, what is the predominant religion of Cameroon?
DaGaffer
Down With That Sorta Thing
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- Dec 22, 2003
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- 18,625
What a weird set of questions, 1. Is Mars, 4. Is Christian. Dunno the others.
Zarjazz
Identifies as a horologist.
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- Dec 11, 2003
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- 2,437
Is that a typo because Os isn't a valid chemical symbol so as it stands that question is meaningless?
DaGaffer
Down With That Sorta Thing
- Joined
- Dec 22, 2003
- Messages
- 18,625
Er, Os is the chemical symbol for Osmium. O4 is Tetroxide, but I don't know what Osmium-Tetroxide is so I couldn't answer the question.
Lamp
Gold Star Holder!!
- Joined
- Jan 16, 2005
- Messages
- 23,248
OsO₄ is Osmium Tetroxide
Osmium tetroxide - Wikipedia
OsO₂ is Osmium Dioxide
Osmium dioxide - Wikipedia
Osmium tetroxide - Wikipedia
OsO₂ is Osmium Dioxide
Osmium dioxide - Wikipedia
DaGaffer
Down With That Sorta Thing
- Joined
- Dec 22, 2003
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- 18,625
So that's the answer? Just a chemical name? I thought the question meant it was chemical name for something with a vernacular name, like...Domestos. Your quizzes suck.
The state of Bitcoin Cash over the last ~12 hours.
Gwadien
Uneducated Northern Cretin
- Joined
- Jul 15, 2006
- Messages
- 20,094
best email so far.
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Greetings, from The illuminati world elite empire,
Bringing the poor, the needy and the talented to limelight of fame, riches, powers and security, get recognized in your business, political race, rise to the top in whatever you do, be protected spiritually and physically! All these you will achieve in a twinkle of an eye when you get initiated into the great Illuminati empire cult. Once you are initiated to the great Illuminati empire, you will have numerous benefits.
join the Illuminati brotherhood today and get instant rich sum of U$100,000.00. This intention is to build up your financial status as a new member of the Illuminati elite, this are one out of the numerous benefit that are given to our newly recruited members who join the Illuminati brotherhood.
note that this message was created solely for the purpose of our recruitment scheme which will end next month and this offer is meant for unique ones only, if you are not serious on joining The Illuminati empire secret society, you are advise not to contact us at all.
If you desire to be a member of The Illuminati new world order kindly reply us back through our direct recruitment email only at: info@illuminatirecruitment.org
For more instructions on our membership process.
- Joined
- Dec 22, 2003
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To be expected tbh. Nice that I've made a bit. Can lose a bit as well. Swings and roundabouts.
I'm in it for the long haul though. I'll keep hold of my various currencies, see what it's like in a few years time. May up my exposure to different crypto tho - got a whole bitcoin and a bit (couple of grand profit on that so far), got some ZEC, ZEN, Ripple, OMG, some Litecoin I found I mined in 2014...
These stories are interesting tho:
EU in 5 million euro blockchain for social good compo
14 insurance companies sign up to trial blockchain platform