41–50 of 93 posts
Why do people say it 'Cant be tracked'? Its a fully public ledger. I would think that it could be tracked much easier than dollars that remain liquid or laundered.
All you have to do is use a mixer.
The advantage that it has over paper money is that I can almost instantly send it anywhere in the world, for cheap.
As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…
>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.
That said, there are still relatively young coins I'm really looking at investing in this week including NEO and Golem. I'm still trying to get more information on Golem because I think the idea of shared computing power globally is one of the most understated computing revolutions in our age. If anyone has any digestible information on the brass project (Golem), please point it out to me; I still find it a tad arcane.
Other coins to watch/buy are welcome.
National currencies are backed by government bonds, while Bitcoin is commodity-like, in that it’s not backed by anything — it’s a monetary unit in its own right. This avoids the recursive relationship between national currency and the government bond, which exists because government bonds are denominated in the very currency whose backing is that bond. So currency is valuable because it’s backed by bonds, which are valuable because they’re denominated in that currency, which is valuable because it’s backed by bonds... etc.
The problem with a currency backed by bonds is that the value of a bond depends on the rate of interest which, in turn, means that the value of the currency depends on the rate of interest. Traditionally, bonds were denominated in gold, which avoids the recursive definition of the value of money, because it ensures that the value of the monetary unit does not depend on the prevailing (bond) interest rate.
Why do people say it 'Cant be tracked'? Its a fully public ledger. I would think that it could be tracked much easier than dollars that remain liquid or laundered.
> According to Wikipedia: User can send his bitcoins on this service, pay small commission, and then receive the same sum of utterly different bitcoins.
If they're paid out to one address it still wouldn't provide the desired level of anonymity, if however they are paid out to multiple addresses belonging to the same user, I would imagine the anonymity level would increase but not totally since one could still add up payments made to different addresses whose total should amount to a given range.
I wonder how much of BTC's $71bn market cap is eternally lost coins.
I personally saw someone accidentally wipe 150 or so when they were around $10.
Earlier quoted context omitted.
> Litecoin is extremely undervalued. How did you decide this?
It is faster that Bitcoin (~2.5min avg block time vs ~10min), has a vibrant community, and still very secure. Easier entry price, and you can spend $5 without a $3 fee, or any fee at all. It also already has SegWit and has for months.
I wonder how much of BTC's $71bn market cap is eternally lost coins.
I wonder how much of BTC's $71bn market cap is eternally lost coins.
Count my 10 as lost! To be fair they were worth a few bucks at most when I lost them. I personally saw someone accidentally wipe 150 or so when they were around $10.
As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…
Weird personal agendas like thinking SegWit is a good upgrade for Bitcoin? Skip the ad hominem.
>It's widely reported elsewhere that their moderator stole millions of dollars worth of Bitcoin from users.
Is this about theymos being donated a ton of bitcoins to host and improve some forum software back when they were worth nothing, and then using it for that? People are still on that witchhunt after all these years?
https://www.reddit.com/r/Bitcoin/comments/2mcdb4/thermos_is_... https://www.reddit.com/r/Bitcoin/comments/23crla/rtechnology... https://www.reddit.com/r/Bitcoin/comments/23o0hs/an_rbitcoin...
Why do people say it 'Cant be tracked'? Its a fully public ledger. I would think that it could be tracked much easier than dollars that remain liquid or laundered.
I've heard that bitcoin mixers can take care of completely/somewhat obfuscating coin ownership. > According to Wikipedia: User can send his bitcoins on this service, pay small commission, and then receive the same sum of utterly different bitcoins. If they're paid out to one address it still wouldn't provide the desired level of anonymity, if however they are paid out to multiple addresses belonging to the same user,…