Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
Bitcoins going to zero is the liberterian(sic) dream. Trash currency worth nothing is trash. Hopefully it hurries up and goes to zero so something decent gets going.
Stupid fucking idiots. I told u they were going to zero. I'm so fucking smart. Jesus was an amature compared to me.
There is just to much bullshit with owning/buying/selling and trying to keep safe your Virtual Currencies for them to ever be viable. I work in commercial construction, with thousands of people sometimes, and its rare that anyone has ever heard or even cares one bit about VC. If I explain what they are I get the feeling its just to much to for them to be bothered with.
For me they have always been a volatile investment game rather then an actual currency. I feel like it's just an on going casino game.
For me they have always been a volatile investment game rather then an actual currency. I feel like it's just an on going casino game.
Izo
Tranny Chaser
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Tuco
I got Tuco'd!
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Coinbase just opened up a regulated exchange:
The Coinbase Blog ??" Coinbase Launches First Regulated Bitcoin Exchange...
As someone who used Coinbase in the past and generally trusted them, I don't really know what this means? Does this just lower the chances that Coinbase screws their customers intentionally or unintentionally? Does this just mean that bull whales feel more secure buying BTC using a regulated exchange?
It's also weird to me that a cryptographically secure currency exchange system is being secured by a government entity. I don't know what to think of that, but it seems like what happens when a nerd's financial idea meets reality.
The Coinbase Blog ??" Coinbase Launches First Regulated Bitcoin Exchange...
As someone who used Coinbase in the past and generally trusted them, I don't really know what this means? Does this just lower the chances that Coinbase screws their customers intentionally or unintentionally? Does this just mean that bull whales feel more secure buying BTC using a regulated exchange?
It's also weird to me that a cryptographically secure currency exchange system is being secured by a government entity. I don't know what to think of that, but it seems like what happens when a nerd's financial idea meets reality.
Mist
Eeyore Enthusiast
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Vinen
God is dead
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Waiting for the Government to shown they owned Bitcoin by arresting some donators.
hodj
Vox Populi Jihadi
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Vinen
God is dead
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Palum
what Suineg set it to
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Again, the fact that the currency was based upon a bunch of dudes who thought they should be rich and use their GPUs to make money... it's retarded and nothing more than a Ponzi scheme for nVidia.
There's literally no difference between that and counterfeiting without penalty - every new person that does it devalues the currency further but the people with the biggest operations first get rich quickest.
There's literally no difference between that and counterfeiting without penalty - every new person that does it devalues the currency further but the people with the biggest operations first get rich quickest.
Izo
Tranny Chaser
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Wasn't AMD the better mining GPU card by far? Also that, being first and biggest makes you a market winner, could be said of most business models, no?
Mist, what happened to Buttcoin? Did it go bottom up?
Mist
Eeyore Enthusiast
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It bounced up and down for a while and then curved downward and fell flat soon after hitting 40.
Hachima
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AMD was probably ~5x faster than nVidia cards at mining. More ALUs and it could perform part of the hashing in 1 operation instead of the 3 required by nVidia.
That being said GPU mining is dead these days. I think a GTX 970 can calculate .6 GH/s. You can buy a USB thumb drive that operates on far less power that can calculate .3 GH/s for $20. For $400 you can buy a ASIC that will calculate 1000 GH/s. So now there are datacenters hosting 1000s of these and there are markets for trading GH/s now too. The profitability of the GH/s is based mainly on the power consumption required to run them. I think the recent ASICs now are running on 28nm based systems and 16nm based systems are in the works.KnCMiner Deploys 'More Environmentally Friendly' 16 nm Bitcoin Mining ChipsThe hardware won't be available to the public, so now you have a company with a large edge on the market. It seems like a huge waste of resources to me but its interesting to see how things have progressed.
Izo
Tranny Chaser
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All true. Except the parts that are not. Youcanmine and provide value. Some e-currencies are also premined and instead you provide clock cycles to help a science project, some nobler than others - clean water, protein folding, etc.
Boinc is a good example - Ripple payout. Also Ripple used to have Computing for Good (phased out 2014).
https://boinc.berkeley.edu/