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Post by Mr Stabby on Jan 3, 2018 19:52:25 GMT
My friend Geert tells me tulip bulbs are making a comeback. In five year's time you'll be able to swap one for a farmhouse.
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Post by Delta9 on Jan 3, 2018 20:01:08 GMT
Your friend was well ahead of the game. It was only invented 9 years ago I sold shitloads when it hit $10 in 2011, would have had a nicer boat now if I'd held on to them all. I know the reason Bitcoin was split this last year was to improve its usability. That isn't quite what happened, but there is so much misinformation out there it's not surprising that most people get it wrong.
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Post by Delta9 on Jan 3, 2018 20:02:38 GMT
My friend Geert tells me tulip bulbs are making a comeback. In five year's time you'll be able to swap one for a farmhouse. Cool, I can create as many tulip bulbs as I wish by starting a tulip farm
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Post by kris on Jan 3, 2018 20:04:47 GMT
I know the reason Bitcoin was split this last year was to improve its usability. That isn't quite what happened, but there is so much misinformation out there it's not surprising that most people get it wrong. well it was to speed up the transactions as I understand it, I'm always open to be educated about it. How do you think the ISPs being able to stream traffic will effect it?
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Post by Deleted on Jan 3, 2018 20:11:45 GMT
My aim is to have less money at the end of 2018.
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Post by Mr Stabby on Jan 3, 2018 20:14:11 GMT
My aim is to have less money at the end of 2018. I've already gotten less money than I had at the end of 2017.
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Post by Delta9 on Jan 3, 2018 20:18:33 GMT
That isn't quite what happened, but there is so much misinformation out there it's not surprising that most people get it wrong. well it was to speed up the transactions as I understand it, I'm always open to be educated about it. How do you think the ISPs being able to stream traffic will effect it? Bitcoin didn't split, it forked. Anyone can fork it at any moment. The people marketing the forked coin you are referring to (bch), say it was to speed up transactions, but their solution was just to increase the block size which solves nothing, just kicks the can down the road a bit. The only reason it gained any traction was the marketing skills of the creators. Proper scaling solutions are in development and currently beta testing. On chain scaling doesn't work. There is no need to have every tiny transaction secured by the world's largest super computer ISPs throttling certain connections will have no effect. You can use it with very little bandwidth and the decentralised nature of it makes it impossible to censor. See how they got on stopping BitTorrent...
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Post by Deleted on Jan 3, 2018 20:19:07 GMT
Gotten.
Again.
I despair.
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Post by kris on Jan 3, 2018 20:37:24 GMT
well it was to speed up the transactions as I understand it, I'm always open to be educated about it. How do you think the ISPs being able to stream traffic will effect it? Bitcoin didn't split, it forked. Anyone can fork it at any moment. The people marketing the forked coin you are referring to (bch), say it was to speed up transactions, but their solution was just to increase the block size which solves nothing, just kicks the can down the road a bit. The only reason it gained any traction was the marketing skills of the creators. Proper scaling solutions are in development and currently beta testing. On chain scaling doesn't work. There is no need to have every tiny transaction secured by the world's largest super computer ISPs throttling certain connections will have no effect. You can use it with very little bandwidth and the decentralised nature of it makes it impossible to censor. See how they got on stopping BitTorrent... its interesting to talk to someone with some insight, because I only have a peripheralI intetrest really(no skin in the game.) I think the blockchain and its decentralised nature is very interesting and has already changed the world. The banks are already investing in it heavily trying to catch up. Thanks for sharing your insight. For me I wouldn't want to be reliant on something computer/net based. But that's just me, I'm a bit of a Luddite really, it's only recently I've relied on internal combustion engines. Good luck with bitcoins in 2018 I hope you get your "nice"boat this year.
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Post by Deleted on Jan 3, 2018 20:45:38 GMT
Its a ponzi scheme.
Relies on new people playing the game in order to pay existing players. There will be plenty of players so it will probably be ok at the end of the day.
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Post by kris on Jan 3, 2018 20:56:01 GMT
Its a ponzi scheme. Relies on new people playing the game in order to pay existing players. There will be plenty of players so it will probably be ok at the end of the day. I don't think it is at all.
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Post by Delta9 on Jan 3, 2018 20:57:02 GMT
Its a ponzi scheme. Relies on new people playing the game in order to pay existing players. There will be plenty of players so it will probably be ok at the end of the day. It's a Ponzi scheme in the same way precious metals or stocks are. Most things require new players to enter the game for the price to rise.
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Post by Deleted on Jan 3, 2018 21:00:09 GMT
It's like playing kerplunk. I don't think Bitcoin will be the end winner.
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Post by Mr Stabby on Jan 3, 2018 21:09:12 GMT
Its a ponzi scheme. Relies on new people playing the game in order to pay existing players. There will be plenty of players so it will probably be ok at the end of the day. It's a Ponzi scheme in the same way precious metals or stocks are. Most things require new players to enter the game for the price to rise. Precious metals and stocks have tangible value. Bitcoin doesn't and its increase in value is driven entirely by the "Greater Fool Theory".
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Post by kris on Jan 3, 2018 21:10:01 GMT
Anyway if this thread is about predicting things that are going to happen in 2018 im going to predict something wayerways related. The owner of Planet (Alan Roberts) will get his boat back. The people responsible for the debacle will get convicted in criminal courts and get sentenced to prison. This includes the ceo Richard parry who is ultimately responsible. This will result in such bad publicity for Crt that there will be a huge public outcry that results in the Crt being dissolved and a new waterways user lead organisation taking over the responsibilities and property lock stock and barrel. Ensuring the long term survival of the waterways as a navigable network. That'sy my prediction anyway.
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