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 Post subject: bitcoin, the blockchain, and cryptocurrency
PostPosted: Sun July 09, 2017 6:44 am 
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An enigma of a man shaped hole in the wall between reality and the soul of the devil.
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what you think? I bought a little bitcoin last year just to play around, and holy shit. I've been expecting a bit of a crash to buy again, but its hanging in there.

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Sun July 09, 2017 7:24 am 
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It has clearly been a great investment for many people.

http://m.gulfnews.com/business/economy/the-10-000-bitcoin-pizza-purchase-remembered-1.2032051


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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Sun July 09, 2017 7:50 am 
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Didn't Ehtereum have some security issues recently?


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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Sun July 09, 2017 10:42 am 
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If Amazon jumps on board, I'm buying a Lamborghini.

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Sun July 09, 2017 11:48 am 
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The beanie babies of our time. Block chain tech will be used in lots of places, but it is highly unlikely that any supranational currency will be used for day to day transactions.

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Tue July 11, 2017 3:21 am 
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I had a feeling this was a Burt thread before I read the author.

When I forgot my debit card the other day the guy behind the counter at the coffee shop told me they accept all forms of payment, even bitcoin. I wasn't sure if he was serious or not. I really don't know what bitcoin is. I ended up using Apple Pay.


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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 4:46 am 
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Bi_3 wrote:
Block chain tech will be used in lots of places...

I've heard about Steemit and a couple of other social networks that use it to pay content providers. I doubt it will take off, but who knows. It seems really confusing, though.

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 4:47 am 
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Western Union is far superior that any other payment method.

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 4:50 am 
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washing machine wrote:
I had a feeling this was a Burt thread before I read the author.

When I forgot my debit card the other day the guy behind the counter at the coffee shop told me they accept all forms of payment, even bitcoin. I wasn't sure if he was serious or not. I really don't know what bitcoin is. I ended up using Apple Pay.

A lot of places take it these days, and you can buy pretty much anything online with it, but the wild swings in value must make it hard to price anything with. It seems like it needs the dollar or some other fiat money around to work.

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 4:50 am 
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Sgt. Crackpot wrote:
Western Union is far superior that any other payment method.

How many Western Unionbucks were you paid to make that post?

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 6:02 am 
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Just tell me when to sell. Is now good? Feels like now is good


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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 8:05 pm 
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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 8:06 pm 
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Bitcoin will be worthless when the grid goes down

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 8:08 pm 
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E.H. Ruddock wrote:
Bitcoin will be worthless when the grid goes down

I'll try to exchange it for gold and ammo just before.

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 8:12 pm 
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BurtReynolds wrote:
E.H. Ruddock wrote:
Bitcoin will be worthless when the grid goes down

I'll try to exchange it for gold and ammo just before.

You also need to add antibiotics, fuel, and solar generators to your portfolio, Burt.

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Wed July 12, 2017 8:21 pm 
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An enigma of a man shaped hole in the wall between reality and the soul of the devil.
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E.H. Ruddock wrote:
BurtReynolds wrote:
E.H. Ruddock wrote:
Bitcoin will be worthless when the grid goes down

I'll try to exchange it for gold and ammo just before.

You also need to add antibiotics, fuel, and solar generators to your portfolio, Burt.

I'll use the ammo to diversify my portfolio after.

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Death is coming. Eat trash. Be free.


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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Thu July 13, 2017 3:15 am 
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Give me the gist of bitcoin in a five sentence post. Then edit it to include three sentences on the blockchain after someone posts below it. Please and thank you.


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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Thu July 13, 2017 4:34 am 
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An enigma of a man shaped hole in the wall between reality and the soul of the devil.
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It might be more useful to define a blockchain first: Essentially a decentralized database that acts as an tamperproof ledger that eliminates the need for middlemen, brokers, government agencies, etc. Digital currencies use this technology, but one can see its uses in many areas.

Centralized intermediaries are susceptible to hacking, corruption, fraud, etc and require fees to fund them. A blockchain has none of these disadvantages.

Full disclosure: I am Satoshi Nakamoto.

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Last edited by BurtReynolds on Thu July 13, 2017 9:07 am, edited 1 time in total.

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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Thu July 13, 2017 5:50 am 
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Bottlecaps FTW.

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Rangi Guy wrote:
So skating back to the train station after work today things went wrong.....now my skateboard is at the bottom of the harbour :(


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 Post subject: Re: bitcoin, the blockchain, and cryptocurrency
PostPosted: Thu July 13, 2017 6:14 am 
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An enigma of a man shaped hole in the wall between reality and the soul of the devil.
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Speaking of Western Union, they make a fortune off of remittances to the 3rd world. They become entirely obsolete with digital currency.

aw shit son, you just got DISRUPTED.

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