The State of Cryptocurrency

[yotano211]

You talking about the wrong government agency..

How do conduct transactions then? How would you convert it to cash? There's always a trail to follow..

I am sure there is ways to cash out. I have heard of people selling coins at a discount to many people on the Thor network. I can ask my German guy, he's an expert on the Thor network.

 

[lexluthermiester]

the Thor network.

You mean the TOR network? As in TOR browser? Or were you talking about VeChain Thor wallet?

 

[moproblems99]

The DOJ, FBI and other agencies are very concerned with crypto being used for crime and/or terror.

If that is the only reason it gets regulated I will be disappointed. I am so tired of this knee jerk bullshit about crime and terror. Anything and everything is a possible implement of crime and terror. I hope it gets regulated so that more shops will accept it and I can save some money ordering more cards by ordering directly with coins. As it stands now, when I order a couple more cards this month, it will take a few extra transactions when all said is done. All of which add extra cost and burden.

 

[lexluthermiester]

I am so tired of this knee jerk bullshit about crime and terror.

Knee jerk? Not really. Real world threats need real world action.

 

[yotano211]

You mean the TOR network? As in TOR browser? Or were you talking about VeChain Thor wallet?

sorry, I meant the Tor network or browser. I thought it was spelled after the viking god, Thor.

 

[R-T-B]

Knee jerk? Not really. Real world threats need real world action.

I think his main point was everything can and is used for crime and terror.

I don't disagree, but that's not a reason to make it easier, either.

 

[trog100]

propaganda uses a process called linking.. link several words in the same statement often enough and in the end they all mean the same thing..

some words like crime or terror really mean two different things.. terror being far more fear inducing than crime for example.. the two words are now more often than not "linked"..

the police used to fight "crime" now they fight crime and terror.. the end result of all this is a police state where the police become more and more like the military and all freedom is lost..

the anti crypto factions (officialdom in general) are now linking crypto currencies to the two already linked fear inducing words.. crime and terror..

its thought management in action.. dont be so f-cking dumb as to fall for it..

trog

 

[yesyesloud]

Hey, has anyone here made decent money with crypto arbitrage? I'm not a gambler myself but I feel like getting invested in it. Likely more profitable than mining at this point overall.

propaganda uses a process called linking.. link several words in the same statement often enough and in the end they all mean the same thing..

some words like crime or terror really mean two different things.. terror being far more fear inducing than crime for example.. the two words are now more often than not "linked"..

the police used to fight "crime" now they fight crime and terror.. the end result of all this is a police state where the police become more and more like the military and all freedom is lost..

the anti crypto factions (officialdom in general) are now linking crypto currencies to the two already linked fear inducing words.. crime and terror..

its thought management in action.. dont be so f-cking dumb as to fall for it..

trog

Aren't hitmen currently charging in crypto though?

Dunno... They would miss a lot of the online magic if stuck with cash only policies

Max Hass

 

[trog100]

the state of crypto in this thread seems to be under very heavy political censorship.. anything vaguely political seems to be quietly removed.. he he..

trog

 

[RCoon]

the state of crypto in this thread seems to be under very heavy political censorship.. anything vaguely political seems to be quietly removed.. he he..

trog

This is a forum for technology and science. Politics has no place here.

 

[trog100]

This is a forum for technology and science. Politics has no place here.

i agree entirely.. but the snag is crypto is political.. or a thread entitled the state of crypto is and has to contain some political comment.. bear in mind the thread was first called crypto in free fall..

it was changed by request of the management.. things all started to go wrong when the venezuelan petro got mentioned.. from then on most posts have been removed..

but however its looked at the thread has to contain some political comment.. crypto is not simply about technology and science..

you guys interpret the rules but i think you are a bit over the top on this one..

take note the thread has not had one single new post show up (apart from the ones i have just made) since the hard line censorship has started.. in simple terms its seems the thread has been censored to death.. he he

trog

 

[dorsetknob]

take note the thread has not had one single new post show up (apart from the ones i have just made) since the hard line censorship has started.. in simple terms its seems the thread has been censored to death.. he he

There have been many posts made since then !!!
Just how many members are you blocking for you not to see those posts or is it that your so full of Self importance on this Subject that you fail to see other Authored posts in this Thread

 

[RCoon]

i agree entirely.. but the snag is crypto is political.. or a thread entitled the state of crypto is and has to contain some political comment.. bear in mind the thread was first called crypto in free fall..

it was changed by request of the management.. things all started to go wrong when the venezuelan petro got mentioned.. from then on most posts have been removed..

but however its looked at the thread has to contain some political comment.. crypto is not simply about technology and science..

you guys interpret the rules but i think you are a bit over the top on this one..

take note the thread has not had one single new post show up (apart from the ones i have just made) since the hard line censorship has started.. in simple terms its seems the thread has been censored to death.. he he

trog

Nothing has been deleted since page 12. Perhaps you should check your ignored list for the fault.
As for how we deal with it, it's done on an adhoc basis. We'll delete things as and when we deem them to be outside the realms of the threads focus.

 

[qubit]

This is a forum for technology and science. Politics has no place here.

I'd normally agree, but sometimes technology issues have political consequences, such as crypto currencies, so they can't be discussed in isolation unfortunately. Therefore, it's a grey area that has to be tread carefully by regular members and mods alike.

 

[dorsetknob]

Crypto Market Slightly Grows, Some Altcoins In The Red

The cryptocurrency market continues a slight uptrend with half of top 10 coins by market capitalization in the green on Tuesday, Feb. 27.
Bitcoin (BTC) has slowed its advance but still managed to increase by 3.79 percent over a 24-hour period with a current trading value of $10,812.50.

Among the top 10 coins, IOTA has seen the highest change of 8.21 percent over the last 24 hours, and is now trading at $2.04.
A number of other altcoins are growing as well. NEO has increased by 7.24 percent, trading at $144.98 at press time, while Ethereum (ETH) showed a little growth of 1.51 percent over a 24-hour period.

Conversely, some altcoins are currently in the red. Ripple (XRP), Litecoin (LTC), and Cardano (ADA) are down with a respective decrease of 0.24, 2.15, and 1.11 percent.

The total market cap hovers above $460 bln after a small sell-off yesterday at $420 bln.

The average Bitcoin transaction fee is at its lowest multi-month levels of about $2.4 per transaction, likely contributing to the cryptocurrency’s growth over the past couple of days.

Yesterday, Feb. 26, Cointelegraph reported on the milestone release of the 0.16.0 version of the Bitcoin Core client, which now fully supports the Segregated Witness (SegWit) scaling solution, designed to reduce transaction fees and confirmation times in the Bitcoin network.
Source
https://cointelegraph.com/news/crypto-market-slightly-grows-some-altcoins-in-the-red

 

[sepheronx]

These cryptocoins were a good idea to grab back in their initial stages, now its just a heavy gamble with no real potential for payout. As most economists would say (I know, most economists are establishment type who follow the same pattern of economics of the last 40+ years) that cryptos real value is zero, simply because there is nothing to back up its wealth beyond speculation. Some say the same regarding the USD because of how its printed to infinity, but at least it can be backed up by US resources, Crypto doesn't even have that other than it can be a good platform to hide transactions and or hide money away from government.

It will be replaced, in my opinion, by crytpo's created by state institutions like the Petro from Venezuela, which prompted now more nations to look into the same thing (Iran as example) other nations like Russia and China are still waiting to see if Petro pays off (Some figures show of about $1B+ has been earned since its introduction). The biggest issue these institutions face though is that "is this another bond borrowing structure were government has to pay it off?" or "are these considered a form of investment in an existing product that you now technically own said asset, like stocks?". That is the questions being raised about the Petro at least. Or is it just a get rich quick scheme that even though is stated to be connected to the states oil industry, that in the end, it really is a nothing and you don't really own any stock of the resource?

I wont bother with any of the crypto till I see other nations start to produce their own and how they have a solid basis and reasoning as to the value of said coin, and what it entails.

 

[silkstone]

These cryptocoins were a good idea to grab back in their initial stages, now its just a heavy gamble with no real potential for payout. As most economists would say (I know, most economists are establishment type who follow the same pattern of economics of the last 40+ years) that cryptos real value is zero, simply because there is nothing to back up its wealth beyond speculation. Some say the same regarding the USD because of how its printed to infinity, but at least it can be backed up by US resources, Crypto doesn't even have that other than it can be a good platform to hide transactions and or hide money away from government.

It will be replaced, in my opinion, by crytpo's created by state institutions like the Petro from Venezuela, which prompted now more nations to look into the same thing (Iran as example) other nations like Russia and China are still waiting to see if Petro pays off (Some figures show of about $1B+ has been earned since its introduction). The biggest issue these institutions face though is that "is this another bond borrowing structure were government has to pay it off?" or "are these considered a form of investment in an existing product that you now technically own said asset, like stocks?". That is the questions being raised about the Petro at least. Or is it just a get rich quick scheme that even though is stated to be connected to the states oil industry, that in the end, it really is a nothing and you don't really own any stock of the resource?

I wont bother with any of the crypto till I see other nations start to produce their own and how they have a solid basis and reasoning as to the value of said coin, and what it entails.

While some would argue that XRP isn't a real cryptocurrency. It is backed (as much as any stock) is by its parent company and it is used for legitimate transactions. It is beginning to become adopted and has had a recent research paper released, published by Cornell.

 

[sepheronx]

Ripple is interesting and yes, banks are looking at it. But it all depends what happens. Various states will take their own crypto over Ripple. But they could always use Ripple as a gateway between cryptos of various states. It is indeed something to keep an eye on. But I won't be investing any of it as I am saving fro other states to release their own if they do. If not, then I could invest in Ripple.

 

[trog100]

Hey, has anyone here made decent money with crypto arbitrage? I'm not a gambler myself but I feel like getting invested in it. Likely more profitable than mining at this point overall.


Aren't hitmen currently charging in crypto though?

Dunno... They would miss a lot of the online magic if stuck with cash only policies

Max Hass

the last post i have been seeing for a while is this one.. plus since then i have had several posts removed.. none i considered objectionable..

i dont run an ignore list but there maybe something amiss at my end..

ether way i say no more on the subject..

trog

 

[yesyesloud]

the state of crypto in this thread seems to be under very heavy political censorship.. anything vaguely political seems to be quietly removed.. he he..
trog

The actual politics behind it: crypto as we know it inflated because of some wealthy speculators aka "investors" who saw opportunity in making huge, unregulated amounts. It's just an alt stock market for them and that's the sole reason it got considerably big lately. The sooner you realize that, the less delusional you'll be on how it actually works - backed by money.

Crypto nuts think they're "creating" value out of thin air but they're just getting their tiny share in a greater scheme they fail to acknowledge.

As for "censorship" in this thread, I once quoted a politics-free Doors' song excerpt just for the fun of it but it was removed, no hard feelings though

 

[trog100]

yesyesloud.. please dont be insulting dude.. i wont directly reply because of my feelings about censorship in this thread.. i am sure it would be removed..

i like this place and spend a fair bit of time here and have been a member for many years.. but online censorship of all kinds is growing.. it aint a trend i am overly keen on.. but its happening..

and yep before anyone says it.. i am fully aware of the phrase.. if you dont like it dont use it..

trog

 

[moproblems99]

In any case, prices of gpus are coming down so it is nearing time to scoop a few more up before they have a chance to warp any young minds out there...

 

[trog100]

as per thread tile.. all crypto is trending down at the moment.. my eth (10 x 1070) mining is producing a pathetic 18 US dollars a day and if this keeps up the general price of GPUs should start to come down..

bitcoin seems to be holding up better than other alt coins.. maybe a new trend its hard to say..

https://coinranking.com/

trog

 

[neatfeatguy]

as per thread tile.. all crypto is trending down at the moment.. my eth (10 x 1070) mining is producing a pathetic 18 US dollars a day and if this keeps up the general price of GPUs should start to come down..

bitcoin seems to be holding up better than other alt coins.. maybe a new trend its hard to say..

https://coinranking.com/

trog

Everyone and their cousin appear to be wanting to get in on the blockchain thing to get some cryptocurrency going - take the prospect of Amazon and Starbucks hinting at the possibility: https://cointelegraph.com/news/poll...ocurrency-starbucks-hints-of-a-blockchain-app

There are so many starting to pop up now that the whole thing, to me, appears to be stretched out thin and people aren't sure what they should exactly be doing with them. Maybe the best way to describe how I see it, all this is starting to feel gimmicky. Perhaps this is a downward trend for it all?

I've been curiously watching some of the prices on a couple of the higher priced cryptocurrencies:
BTC - down around $1k over the past week (this one swings the most, down $1k one week, up $1.5k another, then down $2k another......then up again)
ETH - down around $100 over the past week
DASH - down around $70 over the past week
LTC - down around $20 over the past week
ZEC - down around $50 over the past week

As you've said before, you're in it for the long haul. Are you still sticking it out to see where it goes or are you starting to second guess your position on it?

 

[arroyo]

Coins will definately drop to certain level of value, but not go below that. Let us assume it will be 6000$=1BTC.
Below this certain value no crypto exchange has any money to offer of you willing to take out your money. There is only air value.
And this air value of couns is going bigger and bigger.