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Eddy Vluggen wrote: Its value is derived from the fact that there are limited amounts of them.
Still, no material attached to it. Government currencies have at least some material or service attached to it (like gold, properties, etc).
Eddy Vluggen wrote: a lot room left to grow, I'd even argue that we are a long way from a bubble.
I agree on that, but still specifically bound to speculation. I see that trend change since acceptance is growing (Japan accepts it as an official currency) and it's potential to have material attached to it grows.
I may be wrong in my views, I am not a financial expert, but I wouldn't jump with my both feet on it.
Eddy Vluggen wrote: A bank is something that 'may' pay; as long as not everyone tries that simultaneous 
Yep, won't challenge that 
To alcohol! The cause of, and solution to, all of life's problems - Homer Simpson
Our heads are round so our thoughts can change direction - Francis Picabia
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Fabio Franco wrote: Still, no material attached to it.
It is not a physical thing, but a mathematical thing. And due to the fact that they are, they're usefull as a means of exchange. And no, goverment money is not backed by gold.
Fabio Franco wrote: I wouldn't jump with my both feet on it.
I can't even afford tipping toes in it.
Bastard Programmer from Hell 
If you can't read my code, try converting it here[^]
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Eddy Vluggen wrote: And no, goverment money is not backed by gold.
That's not true. Of course it's not like the old days, today a very small percentage of most governments is gold (a few still a lot), but there are other commodities.
To alcohol! The cause of, and solution to, all of life's problems - Homer Simpson
Our heads are round so our thoughts can change direction - Francis Picabia
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Fabio Franco wrote: That's not true
Go ask your central bank.
There is nothing backing the modern currencies.
Fabio Franco wrote: oday a very small percentage of most governments is gold (a few still a lot), but there are other commodities.
Owned by governments, does not make it a collateral for the outstanding paper/fiat money.
Multiple modern bankrupcies have proven that.
Bastard Programmer from Hell
If you can't read my code, try converting it here[^]
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Because ransomware did not exist before the introduction of the BitCoin?
Correlation is not causality.
No, thanks to banks a lot of electronic fiat cannot be traced.
Don't know much about forensics, do you?
There's nothing to cash in - BC is cash*.
"cashing in" requires, at some point, a trade of something for something ELSE.
At some point, it turns into someTHING that has intrinsic value.. Chickens, bread, Gold...
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Member 12009066 wrote: Correlation is not causality.
No, it ain't, but it does show that it is a rediculous claim that BC is enabling it.
Member 12009066 wrote:
Don't know much about forensics, do you?
That's a brilliant deduction, dear Watson. And there's still enough banks that provide "privacy"; that's why the caribean is such a popular destionation. Did you just choose to ignore the news?
Member 12009066 wrote: "cashing in" requires, at some point, a trade of something for something ELSE.
At some point, it turns into someTHING that has intrinsic value.. Chickens, bread, Gold...
BC has intrinsic value; it is a mathematical limited entity. Like gold-coins, it is merely trading your stored value against something that is usefull (for you).
Bastard Programmer from Hell
If you can't read my code, try converting it here[^]
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Quite. So many people banging on about nonsense like this...we need VPNs so the government can't track what we do, we need WhatsApp so the government can't snoop on us, we need Bitcoin so the greedy bank fat cats don't control our money. The only actual use for all of these things are terrorism and criminal activities....news flash, the government couldn't care less what non-consequential nonsense you're talking to your irrelevant friends.
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F-ES Sitecore wrote: the government couldn't care less what non-consequential nonsense you're talking to your irrelevant friends
Not so sure about that..
Europe’s Freedom of Speech Fail | Foreign Policy
EU states approve plans to make social media firms tackle hate speech| Reuters
When I see terms like "hate speech" and "social cohesion" I get worried.. sounds an awful lot like excuses for "censorship" to me.
Now is it bad enough that you let somebody else kick your butts without you trying to do it to each other? Now if we're all talking about the same man, and I think we are... it appears he's got a rather growing collection of our bikes.
modified 31-Aug-21 21:01pm.
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Those laws only apply to nasty things you say to celebrities on Twitter, so pretty niche market.
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It's being extended out to all social media.. And who gets to decide what's nasty? Is this a crackdown on people expressing their concerns and/or disapproval of the EU, mass migration, multiculturalism, terrorism, etc?
I remember how the media tried to cover up the Cologne New Year attacks and how the media were complicit in covering up the events of Rotherham.. dangerous times. 
Censorship of Facebook - Wikipedia
Quote: In 2015, during the refugee crisis with large numbers of immigrants entering the country unregulated, a broad discussion about the problems of mass immigration and politics of the actual government took place in social media. In this situation a campaign was started to force Facebook to erase right wing hate speech. Early in 2016, a Bertelsmann company called "Arvato" was mandated to erase comments and contents from Facebook.[15] Rules and procedure for that censorship, as well as the juridical base is not clear at the moment (January 2016).
Now is it bad enough that you let somebody else kick your butts without you trying to do it to each other? Now if we're all talking about the same man, and I think we are... it appears he's got a rather growing collection of our bikes.
modified 31-Aug-21 21:01pm.
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I was being facetious  I’ve noted that the only time you ever see these laws enforced or the only time they make the headlines is when someone has called Katy Price fat or suggested Prince William was bald.
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F-ES Sitecore wrote: I was being facetious
I get that, but with what's been going on across Europe recently I think this is something we should be very concerned about.
F-ES Sitecore wrote: the only time you ever see these laws enforced or the only time they make the headlines is when someone has called Katy Price fat or suggested Prince William was bald
It's being used a lot more that - social media sites are busy taking down content you're not allowed to see on a near-constant basis.
Now is it bad enough that you let somebody else kick your butts without you trying to do it to each other? Now if we're all talking about the same man, and I think we are... it appears he's got a rather growing collection of our bikes.
modified 31-Aug-21 21:01pm.
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They say (in Hebrew) that prophecy was given to small children, deaf-mutes, and madmen.
In which category do you place CPians?
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack.
--Winston Churchill
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Daniel Pfeffer wrote: They say (in Hebrew) that prophecy was given to small children, deaf-mutes, and madmen.
In which category do you place CPians?
small children, love to fight and usually deliver nonsense. (deaf mutes are just dumb bad listeners and madmen are in fact logical in their own way.)
Sin tack
the any key okay
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When looking into investments and trying to grow my wallet, I always take the stance of risk vs reward. I learned on Eve Online "Only fly what you can afford to lose." Invest what you can afford to lose; that way, if you win, you win big, but if you lose, you just suffer a "little" regret and nothing more.
When you are dead, you won't even know that you are dead. It's a pain only felt by others.
Same thing when you are stupid.
modified 19-Nov-21 21:01pm.
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Yes. And all I want to know in life right now is how to short the damn thing. 
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fx trading allows for that, and with margin trading so you only need to put a small amount down
- but margin trading not for the faint hearted - even small moves are amplified by the margin percentage.
I occasionally dabble in fx trading through oanda, (can set up a demo account and 'practice' trade on real data - stops any chance to cheat as opposed to using historical data.)
They have a few trading platform variants including online, metatrade, mobile apps and even api's so it's even possible to write your own platform.
Sin tack
the any key okay
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Who knows. But more interesting is the whole concept of block chains and digital transactions, not just for currency, but for any kind of contractual arrangement. At the end of the day, it'll be the lawyers, as usual, that win. 
Marc
Latest Article - Create a Dockerized Python Fiddle Web App
Learning to code with python is like learning to swim with those little arm floaties. It gives you undeserved confidence and will eventually drown you. - DangerBunny
Artificial intelligence is the only remedy for natural stupidity. - CDP1802
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The technology behind them is really interesting.
Blockchain is relatively simple concept to grasp once I looked at a few of the explanation videos and articles when it first came on the scene.
However, I'm still trying to understand the technology underpinning Ethereum which is based on "Smart Contracts" and haven't got a clue about the new kid on the block which is causing a stir "Ripple".
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blockchain is interesting but also the biggest problem with bitcoin. Its present size is a few gigabytes, when only a few people use bitcoins for transactions. Imagine where will that size grow if it was used daily by millions of people... infeasible!
so I don't think there's any future in bitcoin, and it's just a classic bubble
a friend of mine was trying to convince me into buying bitcoins last Christmas, when the price was under $1000. On what reasonable grounds did it double in size in half a year other than speculation?
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umeca74 wrote: On what reasonable grounds did it double in size in half a year other than speculation?
Increased demand and larger acceptance-base, as reported by multiple financial institutions. Since April, the BC is a legal form of payment in Japan.
umeca74 wrote: so I don't think there's any future in bitcoin, and it's just a classic bubble
I doubt you'd recognize a bubble if you were in one; most Americans don't have gold or bitcoins, but (tech)stocks, student-loans and their own house. I do not see the demand for housing grow, and the large tech companies are struggling to be profitable
umeca74 wrote: when only a few people use bitcoins for transactions.
It is no longer "a few people". Please explain how the CURRENT situation is infeasible?
Bastard Programmer from Hell
If you can't read my code, try converting it here[^]
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Tulip mania.
"(I) am amazed to see myself here rather than there ... now rather than then".
― Blaise Pascal
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Fear and Greed drive all markets.
Right now, you fighting between the two...
Are you missing out [greed] (yes), is it too late (maybe) [Fear of taking the loss]
The problem is that WAITING is what causes the insanity to get bad enough to get in at the end,
and hold through the biggest losses, and sometimes never recover.
assume there is a 100% chance of 100% loss. if you are okay with that, then buy.
If not, don't beat yourself up for not getting in.
Look at the one person who lost theirs after buying it.
Finally, know your entry, know your exit. I recently took a trade that rocketed up, I sold 75% and sat on the last 25%. I made nice profits even if 25% goes to zero. And sure enough, it has now reversed and is going to zero. I followed my plan, limited my losses, locked in my gains.
Also, be sure to backup your bitcoins! MANY MANY people have lost theirs, tossed hard drives, and thumbdrives, etc. Only to realize much later.
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Topless member of the nobility riding on a headless chicken - he doesn't much care for the daylight hours. (5, 3)
98.4% of statistics are made up on the spot.
modified 25-May-17 6:41am.
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Night Owl
Member of the nobility - knight, topless - night
Chicken - fowl, headless - owl
Andy B
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