Bitcoin just broke 8000... UPDATE $9100! over 10k!!! My nigga its about to break 20k!!!

[ViCiouS]

Respectfully, in the traditional sense you are correct, however when it comes to cryptocurrency you are incorrect.
Partly because outside of Bitcoin itself and a few others, the entire investment and valuation of the "Alts" is based on monetizing the technology.
Nobody is buying Stratis in hopes of buying a car with Strat tokens.

ok - take what you just posted and carry it forward to the next step

The technology is blockchain - cryptocurrencies are not intrinsic to the technology
they are only dependent on blockchain tech, not a component of nor foundational for function.

If you google blockchain - you only get results related to cryptocurrencies
So instead take a few minutes and google "benefits of blockchain" to get a wider view

When blockchain takes off because of big data, government and financials...
cryptocurrencies might not be a part of that

 

[LSN]

cryptocurrencies are not intrinsic to the technology
they are only dependent on blockchain tech, not a component of nor foundational for function.

no disrespect but you don’t know what you’re talking about...this is not always the case...sounds like you’re just googling shit...you’re talking to dudes who have been actively engaged in this since january...I literally mean dissecting this shit and chopping it up on a daily basis...on some real shit eat breath and sleep w/ this shit...no exaggeration

 

[ViCiouS]

no disrespect but you don’t know what you’re talking about...this is not always the case...sounds like you’re just googling shit...you’re talking to dudes who have been actively engaged in this since january...I literally mean dissecting this shit and chopping it up on a daily basis...on some real shit eat breath and sleep w/ this shit...no exaggeration

I'm never google based
but do your own homework- I pointed you to a simple search to learn for yourself
If you think blockchain is married to cryptocurrencies - you are misinformed

 

[largebillsonlyplease]

ok - take what you just posted and carry it forward to the next step

The technology is blockchain - cryptocurrencies are not intrinsic to the technology
they are only dependent on blockchain tech, not a component of nor foundational for function.

If you google blockchain - you only get results related to cryptocurrencies
So instead take a few minutes and google "benefits of blockchain" to get a wider view

When blockchain takes off because of big data, government and financials...
cryptocurrencies might not be a part of that

So let's take it a step further then.
The allure of ETH is the ease to create your own tokens (for whatever your project is) but MOST OF ALL its the smart contracts.
A way to carry out monetary contracts without depending on any party to do so. An advanced technological escrow which bitcoin does not possess.

Enter Counterparty Token which acts as the same thing for Bitcoin blockchain which currently does not possess this tech.
The ability to execute smart contracts (it does a SHIT TON MORE) but we'll limit it to that for now.
Would you characterize Counterparty token as a "currency" or "tech that is both a component or function of the blockchain" ?

 

[fourthstbully]

Looking for advice...wondering if it would be a good move to double down on some more XRP....it's been moving again and percentage wise is actually doing better than BTC...just worried that as soon as I make the move, its gonna move back down cause it ain't been this high in a minute...

Buy BAT and forget about it. All I ask is for a simple"thank you" in 2 years.

 

[LSN]

I'm never google based
but do your own homework- I pointed you to a simple search to learn for yourself
If you think blockchain is married to cryptocurrencies - you are misinformed

I don’t need your homework bro...got my own to complete...my point is it’s not all black and white...if you think all cryptocurrencies are completely separate from their respective blockchains then you are grossly misinformed...the name cryptocurrency is a misnomer to begin to w/ and you’re being way too literal if you think it’s all currency...some cryptocurrencies are in fact integral to blockchain technology...I feel this is basic stuff and you’re trying to argue folks down about it...it’s kind of insulting actually

 

[sumofyallniggasisbitches2]

Buy BAT and forget about it. All I ask is for a simple"thank you" in 2 years.

LOL ok.....why not....but humor me...why BAT

 

[ViCiouS]

So let's take it a step further then.
The allure of ETH is the ease to create your own tokens (for whatever your project is) but MOST OF ALL its the smart contracts.
A way to carry out monetary contracts without depending on any party to do so. An advanced technological escrow which bitcoin does not possess.

Enter Counterparty Token which acts as the same thing for Bitcoin blockchain which currently does not possess this tech.
The ability to execute smart contracts (it does a SHIT TON MORE) but we'll limit it to that for now.
Would you characterize Counterparty token as a "currency" or "tech that is both a component or function of the blockchain" ?

Blockchain is a horse race race right now...
I'm not putting down cryptocurrencies - poking at weaknesses nor pushing one system as better or worse than another...

Earlier today I had a conversation about cryptocurrencies and blockchains
the other party was excited and while listening to him I realized that they and most people believe blockchain tech and cryptocurrencies are exclusively married...

Its the reason why I came in to the thread and suggested that heavy investors hedge...
Its also the reason I pointed out to you the issues with a forecast based on future performance of an open technology - while your intrinsic investment is really the currency

 

[ViCiouS]

I don’t need your homework bro...got my own to complete...my point is it’s not all black and white...if you think all cryptocurrencies are completely separate from their respective blockchains then you are grossly misinformed...the name cryptocurrency is a misnomer to begin to w/ and you’re being way too literal if you think it’s all currency...some cryptocurrencies are in fact integral to blockchain technology...I feel this is basic stuff and you’re trying to argue folks down about it...it’s kind of insulting actually

ok

 

[xxxbishopxxx]

Blockchain is a horse race race right now...
I'm not putting down cryptocurrencies - poking at weaknesses nor pushing one system as better or worse than another...

Earlier today I had a conversation about cryptocurrencies and blockchains
the other party was excited and while listening to him I realized that they and most people believe blockchain tech and cryptocurrencies are exclusively married...

Its the reason why I came in to the thread and suggested that heavy investors hedge...
Its also the reason I pointed out to you the issues with a forecast based on future performance of an open technology - while you're intrinsic investment is really the currency

It's funny you mentioned that, cause that was the knock on XRP(that you didn't need XRP for Ripple to do its thing). Yet the people behind Ripple are the only ones I can tell made this point very clear. However, I'm guessing the people behind these "coins" have a vested interest in seeing them explode, because they seem to be treating them as their stock options so speak. Or am I looking at this the wrong way?

 

[ViCiouS]

Or am I looking at this the wrong way?

maybe we both are...

 

[largebillsonlyplease]

Blockchain is a horse race race right now...
I'm not putting down cryptocurrencies - poking at weaknesses nor pushing one system as better or worse than another...

Earlier today I had a conversation about cryptocurrencies and blockchains
the other party was excited and while listening to him I realized that they and most people believe blockchain tech and cryptocurrencies are exclusively married...

Its the reason why I came in to the thread and suggested that heavy investors hedge...
Its also the reason I pointed out to you the issues with a forecast based on future performance of an open technology - while your intrinsic investment is really the currency

But once again, a ton of tokens are being mislabeled as currencies in the first place.

a lot of the mislabeled "currencies" aren't currency's don't claim to be currency's in the first place. it's an investment into the technology and how it benefits, helps or the niche it fills within the block chain.
which is why I brought up an example in counterparty when you mentioned the wider view, would it make sense to invest in something that enables the bitcoin blockchain to act like it's never been before which also equals the playing field for most of the allure for ETH?

see what I mean?

That is a wider view it's not something I would expect to go to Subway and get a sandwich with.

There are other currencies tied in that are trying to be currencies along the block chain my argument was merely that we're in the early innovative stages of the block chain and that since its still early the market cap and such isn't in bubble phase yet.

 

[largebillsonlyplease]

It's funny you mentioned that, cause that was the knock on XRP(that you didn't need XRP for Ripple to do its thing). Yet the people behind Ripple are the only ones I can tell made this point very clear. However, I'm guessing the people behind these "coins" have a vested interest in seeing them explode, because they seem to be treating them as their stock options so speak. Or am I looking at this the wrong way?

Well XRP is a special case because it wasn't needed but it still held value
its the exact opposite of NEO for instance or ETH for instance. You NEED neo or eth to perform functions on their systems which gives them value.

 

[xxxbishopxxx]

Well XRP is a special case because it wasn't needed but it still held value
its the exact opposite of NEO for instance or ETH for instance. You NEED neo or eth to perform functions on their systems which gives them value.

Wasn't quite sure how that worked with Eth. Thanks for the knowledge.

 

[LSN]

Well XRP is a special case because it wasn't needed but it still held value
its the exact opposite of NEO for instance or ETH for instance. You NEED neo or eth to perform functions on their systems which gives them value.

basic stuff...and I understand it may not be for some but then to argue about it smh

 

[largebillsonlyplease]

Wasn't quite sure how that worked with Eth. Thanks for the knowledge.

Yea with ETH you need it to create tokens, you need GAS in some cases to do certain things all within the framework of ETH
same with NEO
you need NEO itself and also you need GAS for future things that will be in their ecosystem.
You don't need XRP to run the ripple system that was the disconnect it was an option but not needed but even with it being an option it held value and still does.
It's a long hold because Banks are the most reluctant to change but in the mean time things like SWIFT are scrambling to compete with the settlement of disputes and contracts in their own way so that they won't be replaced
If Ripple would commit to having XRP being the ONLY way you can settle disputes and use the system XRP would take off even further

 

[fourthstbully]

LOL ok.....why not....but humor me...why BAT

Official crypto. Official team. Official white paper/business plan. Official business need...
Like I tell my people, I can lead you to water but I can't make you drink it.
Right now it's cheaper than XRP, I think, so it fits your price point.
Always do your homework, but BAT is gonna blow, no homo. Just going to take time...

 

[sumofyallniggasisbitches2]

Official crypto. Official team. Official white paper/business plan. Official business need...
Like I tell my people, I can lead you to water but I can't make you drink it.
Right now it's cheaper than XRP, I think, so it fits your price point.
Always do your homework, but BAT is gonna blow, no homo. Just going to take time...

Damn its not listed on Bittrex....what exchange is it on? or are you talking about the Token???? There is one coin and one token that both use BAT

 

[ViCiouS]

But once again, a ton of tokens are being mislabeled as currencies in the first place.

a lot of the mislabeled "currencies" aren't currency's don't claim to be currency's in the first place. it's an investment into the technology and how it benefits, helps or the niche it fills within the block chain.
which is why I brought up an example in counterparty when you mentioned the wider view, would it make sense to invest in something that enables the bitcoin blockchain to act like it's never been before which also equals the playing field for most of the allure for ETH?

see what I mean?

That is a wider view it's not something I would expect to go to Subway and get a sandwich with.

There are other currencies tied in that are trying to be currencies along the block chain my argument was merely that we're in the early innovative stages of the block chain and that since its still early the market cap and such isn't in bubble phase yet.

ok - I got what you are saying...
what I'm saying is 1. for now there is a bubble around bitcoin... not all tokens but it is pulling other tokens along in its wake

2. long term your belief in market cap etc doesn't apply because the wide adoption of only block chain tech and licensing MIGHT be accomplished by private or state entities instead of open source

 

[guyver]

Damn its not listed on Bittrex....what exchange is it on? or are you talking about the Token???? There is one coin and one token that both use BAT

It's listed on Bittrix. Basic Attention Token or BAT

 

[sumofyallniggasisbitches2]

It's listed on Bittrix. Basic Attention Token or BAT

Thanks

 

[largebillsonlyplease]

ok - I got what you are saying...
what I'm saying is 1. for now there is a bubble around bitcoin... not all tokens but it is pulling other tokens along in its wake

2. long term your belief in market cap etc doesn't apply because the wide adoption of only block chain tech and licensing MIGHT be accomplished by private or state entities instead of open source

1. bitcoin is the reserve currency so as it goes so does everything else agreed however I still wouldn't call it bubble it's just progressing. It'll retrace and then go higher and repeat process because it is volatile.

2. private and state entities defeat the entire purpose of the block chain. At best, state entities will adopt and work with the open source of projects i.e. NEO becoming the regulated place for all China related ICO's

but with the intrusion of state and private entities that you mentioned, privacy becomes paramount driving up the price of currency which offers that.

 

[dHustla]

thats not the point - the pricing behaviour is in a bubble - and believe speculators have been in ...
and some people gamble irrationally - so if anyone decides to go in heavy - please create a hedge even its only spending 25% in treasury bonds

What's a hedge?

 

[largebillsonlyplease]

What's a hedge?

Not putting all your eggs into one basket which is sound advice and what you should always do.
we just disagree that this is the bubble part but we agree that you should diversify.

 

[dade305]

$10K bitches!!!

 

[Gully]

The first few months of the original Ripple thread was pure gold. I learned damn near everything over that time period. One of the biggest lessons, ignore crab niggas.

CHUUUUCH!!!!!!

 

[ViCiouS]

1. bitcoin is the reserve currency so as it goes so does everything else agreed however I still wouldn't call it bubble it's just progressing. It'll retrace and then go higher and repeat process because it is volatile.

2. private and state entities defeat the entire purpose of the block chain. At best, state entities will adopt and work with the open source of projects i.e. NEO becoming the regulated place for all China related ICO's

but with the intrusion of state and private entities that you mentioned, privacy becomes paramount driving up the price of currency which offers that.

Privacy is under siege- might be a myth in a decade
Many are still unaware of how much processing power the NSA controls... its naive to think the US will allow widespread adoption without compromising the technology in some way
The US and corporates are gangster... think of how many promising open source projects survived to wide adoption

US gov't agencies including Treasury were working on it before Trump
JPMChase Citi BofA etc have each been independently developing block chain tech utilizing their own global networks
most dangerous is MasterCard/ Visa have also been working on the tech over their merchant networks , member networks and internally
any of these entities has the ability to establish the global standard by merely being able to adopt their tech early

 

[dHustla]

Buy BAT and forget about it. All I ask is for a simple"thank you" in 2 years.

Official crypto. Official team. Official white paper/business plan. Official business need...
Like I tell my people, I can lead you to water but I can't make you drink it.
Right now it's cheaper than XRP, I think, so it fits your price point.
Always do your homework, but BAT is gonna blow, no homo. Just going to take time...

basicattentiontoken.org

Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.

The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.

 

[LegalMoney]

Peace to the brothers from the original thread up in here kicking KNOWLEDGE!!

I'm so got damn proud of the OGs I came up with at the beginning of the year, now y'all are the leaders and subject matter experts.

Regarding closed vs open blockchains, it's clear that any open public protocol will generate more financial interest than a closed one(ex. the fucking Internet vs closed databases, which one is more valuable).

Closed blockchains are private databases. Yes the DLT can cut costs for banks for example, but "ChaseCoin" is centralized and I guarantee not immutable so if they did a stupid smart contract like Parity did with their wallet and lost $150M, "ChaseCoin" and Chase would just rollback that transaction which defeats two of the three tenements of useful cryptography: immutability and decentralization.

Most of the digital assets in the market will die, the same way Netscape Navigator and Lycos gave way to Google and Amazon, but this is far from the end. This is at worst the end of Act I.

My advice to any newbies is to learn as much as possible before putting substantial money in the Game.

Learn to read charts, learn risk management, and just realize that becoming a millionaire even in this market is extremely hard.

Find a plan and stick with it.

This is arguably the first chance at generational wealth in our lifetime.

Don't nut up and get this money!

 

[fourthstbully]

Peace to the brothers from the original thread up in here kicking KNOWLEDGE!!

I'm so got damn proud of the OGs I came up with at the beginning of the year, now y'all are the leaders and subject matter experts.

Regarding closed vs open blockchains, it's clear that any open public protocol will generate more financial interest than a closed one(ex. the fucking Internet vs closed databases, which one is more valuable).

Closed blockchains are private databases. Yes the DLT can cut costs for banks for example, but "ChaseCoin" is centralized and I guarantee not immutable so if they did a stupid smart contract like Parity did with their wallet and lost $150M, "ChaseCoin" and Chase would just rollback that transaction which defeats two of the three tenements of useful cryptography: immutability and decentralization.

Most of the digital assets in the market will die, the same way Netscape Navigator and Lycos gave way to Google and Amazon, but this is far from the end. This is at worst the end of Act I.

My advice to any newbies is to learn as much as possible before putting substantial money in the Game.

Learn to read charts, learn risk management, and just realize that becoming a millionaire even in this market is extremely hard.

Find a plan and stick with it.

This is arguably the first chance at generational wealth in our lifetime.

Don't nut up and get this money!

well said.

 

[mrcmd187]

Been looking at getting into Bitcoin mining, one of my old navy co-workers has two GPU Miner rigs he cant take to his new duty station overseas. Any thoughts on this.

 

[dHustla]

Question:

The return on $2000 worth of LTC (+9.75% past day) is going to greater than the return on $2000 worth of BTC, correct?

 

[dHustla]

Been looking at getting into Bitcoin mining, one of my old navy co-workers has two GPU Miner rigs he cant take to his new duty station overseas. Any thoughts on this.

Where is he now? How much he want for them?

 

[TIMEISMONEY]

Question:

The return on $2000 worth of LTC (+9.75% past day) is going to greater than the return on $2000 worth of BTC, correct?

Yes, just multiply the % of gain/loss by the currency to the amount being invested. In this case, I think BTC only went up about (5.24%)/24hr

 

[dHustla]

Yes, just multiply the % of gain/loss by the currency to the amount being invested. In this case, I think BTC only went up about (5.24%)/24hr

Thanks!

BTC (+4.43%) /past day ..at present