Crypto currency

Discussion in 'Business, Investing & Finance' started by Gator By Marriage, Mar 16, 2019.

  1. LoyalGatorFan

    LoyalGatorFan Well-Known Member
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    UK and Poland stocking up on gold by the way....article by Marketwatch discussing how Americans might be pouring 40 billion into Bitcoin in the future....once Bitcoin takes off for good, I expect precious metals to follow
     
  2. Gator By Marriage

    Gator By Marriage A convert to Gatorism
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    • BMF

      BMF Bad Mother....
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      BTC is about to break $60k again. Unbelievable!
       
    • Taco Gratis

      Taco Gratis Well-Known Member

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      Don't know if you're into fiction, but this book was amazing.


       
      • UFHealthGator

        UFHealthGator Well-Known Member
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        This has been talked about for many years now. It looks like every time Bitcoin hits a new all time high, these articles come back up. It started with the whole "it is bubble run for your lives", then moved on to "it consumes a lot of energy run for your lives", then it went to "India and other Governments will ban it", "China controls it / Putin conspiracy" and now the flavor of the week is the whole "but what about illegal leaks and sexual predators"?

        It is literally impossible to block access to the public ledger blockchain, unless every country around the world unanimously decides to ban it. What about other blockchains? It's like trying to block the entire web. Also the idea that Disney will just sue every miner out there is laughable. Disney despite its deep pockets would go bankrupt in legal fees before they get anywhere near blocking 10% of the Bitcoin network.

        It definitely sucks that you can just embed whatever illegal crap you want into the blockchain. I think eventually we will see a consensus solution rather than extensive number of forks like the article suggested.

        Just think about this logically. Everyone that mines bitcoin is highly invested in this asset and wants its continued success, because their existence depends on it. Forking it will not be of benefit to them. If it becomes a major issue, a simple consensus solution could go forward that would allow for some form of censorship that is based on a majority vote by the miners and developers.

        Either way, if you are interested in every mainstream article and obituary for bitcoin since its inception, boy do I have some reading material for you:

        Bitcoin Obituaries - "Bitcoin is Dead" Declared 400+ Times
         
        • Taco Gratis

          Taco Gratis Well-Known Member

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          • Taco Gratis

            Taco Gratis Well-Known Member

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            We'll be saying the same thing when it's breaking $250,000!
             
            • Detroitgator

              Detroitgator Well-Known Member
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              Norway's sovereign fund bought last year.
               
              • Detroitgator

                Detroitgator Well-Known Member
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                "The Mandibles is about currency." FIFY ;)
                 
                • Taco Gratis

                  Taco Gratis Well-Known Member

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                • Detroitgator

                  Detroitgator Well-Known Member
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                  This shouldn't be a surprise... to anyone, anywhere.
                   
                  • BMF

                    BMF Bad Mother....
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                    I saw this on a blog:

                    Test your knowledge of Bitcoin trivia

                    A big new report about cryptocurrencies by Bank of America landed on our desk this week. Here are three stats that caught our eye, in quiz form. (Scroll to the end of the email for the correct answers.)

                    1. How much of a net inflow does it take to raise Bitcoin’s price by 1 percent?

                    A) $93 million
                    B) $930 million
                    C) $9.3 billion

                    2. Bitcoin’s annual energy consumption is equivalent to that of which country?

                    A) Australia
                    B) The Netherlands
                    C) Chile

                    3. 95 percent of all Bitcoin is held by what share of crypto wallets?

                    A) 50 percent
                    B) 20 percent
                    C) 2 percent


                    ----

                    Answers to the crypto quiz, according to Bank of America:

                    1. A ($93 million). It takes 20 times more to move the price of gold by a similar amount.

                    2. B (Netherlands). Put another way, the annual carbon emissions of the Bitcoin network is roughly the same as American Airlines.

                    3. C (2 percent — or 2.4 percent, to be exact). In contrast, the top 1 percent of Americans control about 30 percent of all household wealth.
                     
                  • Concrete Helmet

                    Concrete Helmet Hook, Line, and Sinker
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                    No doubt that the Gov. will start having their buddies at Chase and BOA load up on BC so they can manipulate the price just like gold and silver....btw I just heard the 2022 American Silver Eagle coins will have a new built in security feature from the US mint...
                     
                  • BMF

                    BMF Bad Mother....
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                    As a Treasury employee, the US Mint comes over once a year (usually the holidays/December) and allows employees to buy uncut sheets of money, coins, gold, etc. I've never been there when they did it though. I want an uncut sheet of one dollar bills for framing. They also have little bags that they give out as souvenir's of shredded money.
                     
                    • Concrete Helmet

                      Concrete Helmet Hook, Line, and Sinker
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                      :eek3: Did I ever mention how much I love the US Treasury....and I sold all my silver and gold this afternoon while the price was up slightly....and those small piles of dirt in my yard are just areas where I'm putting in new plants....
                       
                      • BMF

                        BMF Bad Mother....
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                        I'm not IRS.....
                         
                      • Gator By Marriage

                        Gator By Marriage A convert to Gatorism
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                        I have no idea if they shut it down because of the Chinese flu, but if you’ve never done it, the tour at the Bureau of Printing and Engraving is pretty cool and worth doing before you leave DC.
                         
                      • BMF

                        BMF Bad Mother....
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                        I've never done that. I'm sure it's closed down right now though - DC is dead. My drive in is a breeze (coming home seems normal traffic though - not sure where everyone is in the morning). The Treasury building is pretty cool too. It's not easy to get a tour of it. The 'cash room' is neat - that's where Grant's inauguration was held. Being a pre-Civil War building it's pretty unique.
                         
                        • no1g8r

                          no1g8r Bringing Reason to the Masses
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                          i see that Edge & Moonpay are offering a 0.5% fee for the first purchase via Applepay before the end of March. I’m thinking about dropping $10k or so into it this week, if I can find more details. It will be my first foray into crypto.




                          ETA: Apparently Moonpay has a $5500 daily cap, so that would be the most one could put in and take advantage of the low 0.5% fee
                           
                          #159 no1g8r, Mar 21, 2021
                          Last edited: Mar 22, 2021
                          • BMF

                            BMF Bad Mother....
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                            What is the usual fee these sites charge for buying BTC? I added .01% today ($550) since it dipped under $55k.
                             

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