cryptocurrency

[HippoNipple]

Originally Posted by White_knight [You must be logged in to view images. Log in or Register.]

Everything has value to someone.

"One man's trash is another mans treasure ."

Bitcoin is trash to me personally as I am a firm believer in stead, low risk ventures. Bitcoin represents irrational, highstakes gambling.

In the 7-8 years bitcoin had been around and lots of people lost their money in it...I've probably passively increased my profile by 200k ontop of what I have going slow and steady.

You can sell btc and invest in whatever you want. You might think General Electric is a trash company but no sane person would say they didnt want $200k worth of GE shares for free that they could sell tomorrow and do whatever they want with. The only people that lost money in btc are ones that invested between the fall of 2017 and spring of 2018. It is a window of 6 months and those were the only 6 months since they came out where the price was above what it is today.

[Wonkie]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

more cant be created.

lmao [You must be logged in to view images. Log in or Register.]

[DinoTriz2]

Originally Posted by Wonkie [You must be logged in to view images. Log in or Register.]

lmao [You must be logged in to view images. Log in or Register.]

The idea is that with every new block added to the chain, it becomes more and more difficult to solve, requiring more computing power.

At the point where there are 21 million Bitcoin around, mining will become pretty much impossible or at the very least expensive and not worth it.

[Wonkie]

Originally Posted by DinoTriz2 [You must be logged in to view images. Log in or Register.]

The idea is that with every new block added to the chain, it becomes more and more difficult to solve, requiring more computing power.

At the point where there are 21 million Bitcoin around, mining will become pretty much impossible or at the very least expensive and not worth it.

what about forks and ICOs?

"cant make more" hahaha

[DinoTriz2]

Originally Posted by Wonkie [You must be logged in to view images. Log in or Register.]

what about forks and ICOs?

"cant make more" hahaha

Well then that becomes a completely different currency.

Like the difference between USD and British pound.

[Wonkie]

Originally Posted by DinoTriz2 [You must be logged in to view images. Log in or Register.]

Well then that becomes a completely different currency.

Like the difference between USD and British pound.

the difference is arbitrary and pedantic

[DinoTriz2]

Originally Posted by Wonkie [You must be logged in to view images. Log in or Register.]

the difference is arbitrary and pedantic

No it's not.

A fork becomes a completely different currency, which doesn't affect the original coin.

So your question is literally retarded, and that's not even touching your ICO comment.

[Wonkie]

Originally Posted by DinoTriz2 [You must be logged in to view images. Log in or Register.]

No it's not.

A fork becomes a completely different currency, which doesn't affect the original coin.

So your question is literally retarded, and that's not even touching your ICO comment.

ok so just pedantic then

[HippoNipple]

I don't even like Bitcoin as an investment but the comments and misunderstanding of how things work force me to defend it on here.

[Dwarflord]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

Well it definitely isn't stable, I don't know what you mean by it has no position. You could go exchange your bitcoin for USD right now so the no value comment makes 0 sense.

the only way to exchange it is to use an unregulated third party site where you are extremely open to scams and predators, there is no insurance or security of any kind and whatever happens all you can do if you get ripped off is cry online.

If you keep your coins in an exchange chances are they will steal them, almost everyone who got in early got fucked over lol.

The blockchain does not exist because MR Japanese guy is the only one who can adjust it, you dont seem to get that no one can see the blockchain so its smoke and mirrors for children.

Gullable children

Poor children.