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-   -   Bitcoin? (https://gfy.com/showthread.php?t=1127551)

JFK 12-04-2013 10:07 AM
Fitty Pyramid scams :2 cents:

mineistaken 12-04-2013 10:34 AM
Quote:
Originally Posted by Adultlexicon (Post 19895495)
Didn't say that, but alot of coins are better technical wise, doesn't mean they will beat Bitcoin.
And my question was WHICH coins were better technical wise. To that question you gave an answer which was list of 30 coins...
I am pretty sure not all of them are better technical wise.

Paul 12-04-2013 10:38 AM
Quote:
Originally Posted by Adultlexicon (Post 19895495)
Didn't say that, but alot of coins are better technical wise, doesn't mean they will beat Bitcoin.
The fate of all ALT Coins are linked to Bitcoin, if Bitcoin continues to increase in value then these new ALT Coins have the potential to go up in value (a lot)

If Bitcoin falls in value then pretty much all the ALT Coins drop in value faster and harder than Bitcoin.

Risk Vs Reward

TBH I wouldn't wanna be holding any ALT Coin for anymore than 24 hours, too risky

lyno 12-04-2013 11:04 AM
Quote:
Originally Posted by BlackCrayon (Post 19895715)
maybe but it makes them next to impossible to use in commerce. buy now! only .0000033223534212 bitcoins!!
Thats why i mentioned ONC. It is just a question of naming, just make it 3.32 µBTC. Most wallets already support that kind of scaling.

Quote:
Originally Posted by Paul (Post 19895763)
The fate of all ALT Coins are linked to Bitcoin, if Bitcoin continues to increase in value then these new ALT Coins have the potential to go up in value (a lot)

If Bitcoin falls in value then pretty much all the ALT Coins drop in value faster and harder than Bitcoin.

Risk Vs Reward

TBH I wouldn't wanna be holding any ALT Coin for anymore than 24 hours, too risky
LTC is already pretty much decoupled from BTC and traded directly to Fiat. Other coins, like XPM, also have that potential. Some exchanges already started dedicated XPM markets.


.

mineistaken 12-04-2013 11:31 AM
Quote:
Originally Posted by lyno (Post 19895807)

LTC is already pretty much decoupled from BTC and traded directly to Fiat. Other coins, like XPM, also have that potential. Some exchanges already started dedicated XPM markets.

.
I assume he was talking about peoples trust. If Bitcoin loses trust so does all the other coins as well. Trust in bitcoin = trust in play coins in general.

Paul 12-04-2013 11:52 AM
Quote:
Originally Posted by lyno (Post 19895807)
LTC is already pretty much decoupled from BTC and traded directly to Fiat. Other coins, like XPM, also have that potential. Some exchanges already started dedicated XPM markets.
IF a few of the other big exchanges with volume start trading LTC then that might be the case. I'll be interesting to see which exchange announces first, BTC China, Bitstamp or Mt Gox (ROFL yeah right!)

Currently if BTC goes down LTC tends to follow

nexcom28 12-04-2013 11:57 AM
I read a good analogy about Bitcoin the other day, it wenst a little like this:
Quote:
A comparison with the Internet can help illustrate why people are excited about Bitcoin. In the late 1980s, the Internet wasn't a very impressive online service. It was expensive to join, complicated to use, and it featured text-based applications like e-mail and message boards that weren't obviously better than commercial online services like Compuserve, Prodigy and AOL.

But the Internet had an advantage that commercial online services did not: Its open architecture meant that anyone was free to create new online services. In 1990, a programmer named Tim Berners-Lee created a new Internet application called the World Wide Web that offered advanced features like graphics and hyperlinks. And within a few years, thousands of people had begun building Web sites on top of this new platform. Startups like Yahoo, eBay and Hotmail began to build sophisticated Web-based services. Within a few years, the Internet had vastly more content and services than the companies that ran AOL or Prodigy could hope to produce.

Bitcoin is the world's first completely open payment network, and it could spark the same type of bottom-up innovation. Mainstream electronic payment networks like Visa and Mastercard are managed by incumbent banks. If you want to interoperate with them ? to become a merchant, open a bank of your own or develop a new payment technology ? you have to convince these banks that you're credit-worthy, that your business plan makes sense, and that you will comply with their policies and procedures. That limits who can innovate and what kinds of business models they can try. In contrast, the Bitcoin network works like the Internet: There are no restrictions on who can join or what kinds of applications they can build.

BlackCrayon 12-04-2013 12:03 PM
Quote:
Originally Posted by lyno (Post 19895807)
Thats why i mentioned ONC. It is just a question of naming, just make it 3.32 µBTC. Most wallets already support that kind of scaling.



LTC is already pretty much decoupled from BTC and traded directly to Fiat. Other coins, like XPM, also have that potential. Some exchanges already started dedicated XPM markets.


.
i'm sure bitcoin could do some amazing thing but for me, i don't see why i need it. its a great investment right now but it has to stabilize at some point if its going to be used as currency.

Paul 12-04-2013 12:41 PM
Quote:
Originally Posted by nexcom28 (Post 19895908)
I read a good analogy about Bitcoin the other day, it wenst a little like this:
That's a great analogy :thumbsup

I read an article today debunking people who compared Bitcoin to Tulip Mania or a Ponzi Scheme and included a graphical image of the adoption curve of new technologies

http://www.blog.inova-software.com/w...technology.jpg

Paul 12-05-2013 03:08 AM
Quote:
Originally Posted by Paul (Post 19895763)
The fate of all ALT Coins are linked to Bitcoin, if Bitcoin continues to increase in value then these new ALT Coins have the potential to go up in value (a lot)

If Bitcoin falls in value then pretty much all the ALT Coins drop in value faster and harder than Bitcoin.

Risk Vs Reward

TBH I wouldn't wanna be holding any ALT Coin for anymore than 24 hours, too risky
Today is gonna be a blood bath :disgust

China Bans Financial Companies From Bitcoin Transactions

And the price of All Alt Coins goes down with Bitcoin!

To compound matters, if you're money is tied up in one of the smaller ALT Coins and you want to dump you'll have to sell them for BTC as the small trading exchanges don't have banking licenses to trade fiat so you'll be loosing money twice as you sell into two falling markets :Oh crap

Joshua G 12-05-2013 08:21 AM
Quote:
Originally Posted by nexcom28 (Post 19895908)
I read a good analogy about Bitcoin the other day, it wenst a little like this:
perhaps you should also look at the problem with bitcoin in addition to the prospects.

it relates to the fact that the coin stops paying out for mining services in a decade. do bitcoin cheerleaders think through what happens when mining no longer pays out 25 coins per block?

much like the pain of obamacare was pushed off to 2014, the pain of BTC is pushed off to the mid 2020s.

:2 cents:

dancent 12-06-2013 08:37 AM
any more thoughts? :D

DWB 12-06-2013 10:02 AM
Quote:
Originally Posted by dancent (Post 19898570)
any more thoughts? :D
Yea.... $916

DWB 12-06-2013 01:55 PM
Quote:
Originally Posted by dancent (Post 19898570)
any more thoughts? :D
Another thought.... $800

dancent 07-05-2015 03:11 AM
still chasing bitcoins guys :D?

clickity click 07-05-2015 04:18 AM
Another thought...... $250

jscott 07-05-2015 08:42 PM
Quote:
Originally Posted by JFK (Post 19895718)
Fitty Pyramid scams :2 cents:
JFK, have you learned what a "pyramid scheme" is yet? you obviously never knew what those are back in 2013. Hopefully you have read and learned more since then :winkwink:

dancent 07-07-2015 09:05 AM
to be continued....bitcoin

leines 07-22-2015 07:51 AM
If you are interested in bitcoin check my lecture on the EWT this year.

is now also available here *it is not allowed for me to post the url*. Than check coinsnap dot eu and follow the Link to Adult.

it describes the bitcoin market and the advantages of bitcoin in the future.
also for the different adult business models like membership side, cam portal, VoD-Portal


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