bitcoin

[Foster]

Aug 13, 2021 4:39:48 GMT zerps said:

Oct 3, 2019 11:47:31 GMT Foster said:

Isn't bitcoin valued at less than half of what it was back in Dec 2017?

Oh yes, it is.

I think you may need some history lessons mate.

This post 😂

It was a fantastic post at the time.

[musik]

Aug 13, 2021 0:53:06 GMT mtrstudent said:

Aug 12, 2021 6:01:29 GMT zerps said:

Private keys

You can’t hack bitcoin but if someone gets your private keys it’s theirs.

Don't fully get it but sounds like someone made off with $600 million... Then said it was a joke and is giving it back

Even crypto bank robbers are a bit weird.

arstechnica.com/tech-policy/2021/08/hacker-is-returning-600m-in-crypto-claiming-theft-was-just-for-fun/

In Sweden this bitcoin thing for some reason seems to be seen as a sin. Companies within bitcoins have used famous or semi-famous people now and then for commercial purposes, and the famous people have been forced in articles and on tv to say they are NOT dealing with bitcoins.
Is it the same in England or elsewhere?

[zerps]

Aug 13, 2021 7:47:22 GMT musik said:

Aug 13, 2021 0:53:06 GMT mtrstudent said:

Don't fully get it but sounds like someone made off with $600 million... Then said it was a joke and is giving it back

Even crypto bank robbers are a bit weird.

arstechnica.com/tech-policy/2021/08/hacker-is-returning-600m-in-crypto-claiming-theft-was-just-for-fun/

In Sweden this bitcoin thing for some reason seems to be seen as a sin. Companies within bitcoins have used famous or semi-famous people now and then for commercial purposes, and the famous people have been forced in articles and on tv to say they are NOT dealing with bitcoins.
Is it the same in England or elsewhere?

The thing about bitcoin is, it just exists. There’s no company involved. You can buy and sell it on exchanges but nobody owns or controls the supply. It’s a technological marvel as far as I’m concerned.

[musik]

Aug 13, 2021 7:50:38 GMT zerps said:

Aug 13, 2021 7:47:22 GMT musik said:

In Sweden this bitcoin thing for some reason seems to be seen as a sin. Companies within bitcoins have used famous or semi-famous people now and then for commercial purposes, and the famous people have been forced in articles and on tv to say they are NOT dealing with bitcoins.
Is it the same in England or elsewhere?

The thing about bitcoin is, it just exists. There’s no company involved. You can buy and sell it on exchanges but nobody owns or controls the supply. It’s a technological marvel as far as I’m concerned.

The companies they're refering to in the swedish debate are the ones providing storage online for your proof of your bitcoins. Then they're leaking both ways.

Just got myself a position in the queue for a library book about bitcoins. It's all about queues in Sweden. It will probably arrive next month.

[zerps]

Aug 13, 2021 11:08:14 GMT musik said:

Aug 13, 2021 7:50:38 GMT zerps said:

The thing about bitcoin is, it just exists. There’s no company involved. You can buy and sell it on exchanges but nobody owns or controls the supply. It’s a technological marvel as far as I’m concerned.

The companies they're refering to in the swedish debate are the ones providing storage online for your proof of your bitcoins. Then they're leaking both ways.

Just got myself a position in the queue for a library book about bitcoins. It's all about queues in Sweden. It will probably arrive next month.

😂👍

[rickyfullerbeer]

Aug 13, 2021 11:08:14 GMT musik said:

Aug 13, 2021 7:50:38 GMT zerps said:

The thing about bitcoin is, it just exists. There’s no company involved. You can buy and sell it on exchanges but nobody owns or controls the supply. It’s a technological marvel as far as I’m concerned.

The companies they're refering to in the swedish debate are the ones providing storage online for your proof of your bitcoins. Then they're leaking both ways.

Just got myself a position in the queue for a library book about bitcoins. It's all about queues in Sweden. It will probably arrive next month.

What book is it you've ordered?

I've been meaning to read The Bitcoin Standard for a while but still haven't got round to it. Although my interest in Bitcoin is as a investment asset as oppose to a global monetary system.

[musik]

Aug 13, 2021 11:17:29 GMT rickyfullerbeer said:

Aug 13, 2021 11:08:14 GMT musik said:

The companies they're refering to in the swedish debate are the ones providing storage online for your proof of your bitcoins. Then they're leaking both ways.

Just got myself a position in the queue for a library book about bitcoins. It's all about queues in Sweden. It will probably arrive next month.

What book is it you've ordered?

I've been meaning to read The Bitcoin Standard for a while but still haven't got round to it. Although my interest in Bitcoin is as a investment asset as oppose to a global monetary system.

"Blockkedjor, bitcoin och kryptovalutor - vår tids ekonomiska revolution?" Oskar Norgren-Hansson

[zerps]

Aug 13, 2021 18:28:02 GMT musik said:

Aug 13, 2021 11:17:29 GMT rickyfullerbeer said:

What book is it you've ordered?

I've been meaning to read The Bitcoin Standard for a while but still haven't got round to it. Although my interest in Bitcoin is as a investment asset as oppose to a global monetary system.

"Blockkedjor, bitcoin och kryptovalutor - vår tids ekonomiska revolution?" Oskar Norgren-Hansson

Completed it

[zerps]

Visa paid $150,000 for a 'CryptoPunk' blockchain token
news.sky.com/story/visa-paid-150000-for-a-cryptopunk-blockchain-token-12388851

[masne]

Nov 27, 2013 19:21:20 GMT boothenpaddock86 said:

its a revolution mate,wait and see then,predictions are it could reach 10k per coin

Currently at just under 49,000 dollars

M

[tuum]

Aug 24, 2021 22:19:07 GMT masne said:

Nov 27, 2013 19:21:20 GMT boothenpaddock86 said:

its a revolution mate,wait and see then,predictions are it could reach 10k per coin

Currently at just under 49,000 dollars

M

A friend of mine has done very well out of Bitcoin. Bought about $15,000 worth when it was $100 a coin. Sold a load in 2018? for about $2million when it was $17,000 and retired. Sensibly, he kept hold of a few, maybe 30-40.I don't know if he sold them when it flew past $50,000 last year or if he still has them. Don't see too much of him these days since he quit work and started swanning off round the UK and Europe in his $100k motorhome. To be fair to him that is his only indulgence. Still has the same car and house. In fact, they downsized his wife's car to a Fiat 500 so they could hitch it to the back of the Motorhome. I am not even sure his grown up kids know, although they are close to their Mum so maybe she has spilled the beans.
There were a few of them from work who invested early in Bitcoin and have now retired. They were all site based and I was in HQ a few hundred miles away. Rumours were that the crane driver made the biggest killing out of it. I used to visit site 2x a month but didn't bother in 2015-16 so I didnt get to hear about Bitcoin until a few years later. Even then, in 2017,I never got round to doing anything about it. I have some crypto investments now that I bought this year but still no Bitcoin. I won't be retiring on the back of my crypto investments but it's nice that some good people I know have done very well out of it.

[zerps]

Aug 25, 2021 4:20:07 GMT tuum said:

Aug 24, 2021 22:19:07 GMT masne said:

Currently at just under 49,000 dollars

M

A friend of mine has done very well out of Bitcoin. Bought about $15,000 worth when it was $100 a coin. Sold a load in 2018? for about $2million when it was $17,000 and retired. Sensibly, he kept hold of a few, maybe 30-40.I don't know if he sold them when it flew past $50,000 last year or if he still has them. Don't see too much of him these days since he quit work and started swanning off round the UK and Europe in his $100k motorhome. To be fair to him that is his only indulgence. Still has the same car and house. In fact, they downsized his wife's car to a Fiat 500 so they could hitch it to the back of the Motorhome. I am not even sure his grown up kids know, although they are close to their Mum so maybe she has spilled the beans.
There were a few of them from work who invested early in Bitcoin and have now retired. They were all site based and I was in HQ a few hundred miles away. Rumours were that the crane driver made the biggest killing out of it. I used to visit site 2x a month but didn't bother in 2015-16 so I didnt get to hear about Bitcoin until a few years later. Even then, in 2017,I never got round to doing anything about it. I have some crypto investments now that I bought this year but still no Bitcoin. I won't be retiring on the back of my crypto investments but it's nice that some good people I know have done very well out of it.

I heard about bitcoin in 2012 and did nothing about it. Tbh I thought fuck that.

I bought a load of crypto in early 2017 after trading oil and gold for a while.

I reckon bitcoin will reach about 85k this year / early next year, I’ll be selling my entire portfolio at that stage and fully retiring.

I’ll buy back in during the next bear market.

[masne]

Aug 25, 2021 4:44:43 GMT zerps said:

Aug 25, 2021 4:20:07 GMT tuum said:

A friend of mine has done very well out of Bitcoin. Bought about $15,000 worth when it was $100 a coin. Sold a load in 2018? for about $2million when it was $17,000 and retired. Sensibly, he kept hold of a few, maybe 30-40.I don't know if he sold them when it flew past $50,000 last year or if he still has them. Don't see too much of him these days since he quit work and started swanning off round the UK and Europe in his $100k motorhome. To be fair to him that is his only indulgence. Still has the same car and house. In fact, they downsized his wife's car to a Fiat 500 so they could hitch it to the back of the Motorhome. I am not even sure his grown up kids know, although they are close to their Mum so maybe she has spilled the beans.
There were a few of them from work who invested early in Bitcoin and have now retired. They were all site based and I was in HQ a few hundred miles away. Rumours were that the crane driver made the biggest killing out of it. I used to visit site 2x a month but didn't bother in 2015-16 so I didnt get to hear about Bitcoin until a few years later. Even then, in 2017,I never got round to doing anything about it. I have some crypto investments now that I bought this year but still no Bitcoin. I won't be retiring on the back of my crypto investments but it's nice that some good people I know have done very well out of it.

I heard about bitcoin in 2012 and did nothing about it. Tbh I thought fuck that.

I bought a load of crypto in early 2017 after trading oil and gold for a while.




I reckon bitcoin will reach about 85k this year / early next year, I’ll be selling my entire portfolio at that stage and fully retiring.

I’ll buy back in during the next bear market.


Ive got some but don't trust it entirely. Ive been burned on some. Main ones I have are Luna and ORN. Been burned on UpBNB and UpTrump alongside Ket and BBT. I am down in total but my mate reckons ORN and LUNA will be very big.

M    

[rickyfullerbeer]

Yeah but we've all been burned on ket haven't we

[zerps]

Aug 25, 2021 17:32:13 GMT rickyfullerbeer said:

Yeah but we've all been burned on ket haven't we

I dress like a lion sometimes

[zerps]

These big celebs always start talking about crypto before a bullrun

It’s rigged like everything else but lets fucking have it

[colderpotter]

Sept 3, 2021 6:38:04 GMT zerps said:

These big celebs always start talking about crypto before a bullrun

It’s rigged like everything else but lets fucking have it

She probably purchased some actual ether...

[colderpotter]

Jan 18, 2018 14:07:52 GMT @Deleted said:

Bubbles burst.

Probably the most factual post ever posted on the Oatcake.

[zerps]

Sept 3, 2021 7:01:01 GMT colderpotter said:

Sept 3, 2021 6:38:04 GMT zerps said:

These big celebs always start talking about crypto before a bullrun

It’s rigged like everything else but lets fucking have it

She probably purchased some actual ether...

Missed the M off

[colderpotter]

Sept 3, 2021 7:37:03 GMT zerps said:

Sept 3, 2021 7:01:01 GMT colderpotter said:

She probably purchased some actual ether...

Missed the M off

Haha yeah that works 😂

[musik]

When you say you've actually sold the non-existing bitcoins, what did you get, actual physical money or what?

The book I'm reading about it is quite interesting.

[zerps]

Sept 21, 2021 19:51:30 GMT musik said:

When you say you've actually sold the non-existing bitcoins, what did you get, actual physical money or what?

The book I'm reading about it is quite interesting.

Magic beans and an invisible iou

[chigstoke]

PayPal UK now allow the purchase and sale of Crypto

Of course, not your wallet and not your crypto, there is no transferring to wallets etc... but a big company the size of PayPal will do wonders for UK buyers to get a foot in.

[zerps]

Sept 23, 2021 17:33:27 GMT chigstoke said:

PayPal UK now allow the purchase and sale of Crypto

Of course, not your wallet and not your crypto, there is no transferring to wallets etc... but a big company the size of PayPal will do wonders for UK buyers to get a foot in.

The post office have also embraced bitcoin

My Nan will be chuffed

[chigstoke]

Sept 23, 2021 18:20:23 GMT zerps said:

Sept 23, 2021 17:33:27 GMT chigstoke said:

PayPal UK now allow the purchase and sale of Crypto

Of course, not your wallet and not your crypto, there is no transferring to wallets etc... but a big company the size of PayPal will do wonders for UK buyers to get a foot in.

The post office have also embraced bitcoin

My Nan will be chuffed

I thought you were taking the piss but I Googled it, that is amazing

[zerps]

Sept 23, 2021 18:45:20 GMT chigstoke said:

Sept 23, 2021 18:20:23 GMT zerps said:

The post office have also embraced bitcoin

My Nan will be chuffed

I thought you were taking the piss but I Googled it, that is amazing

How dare you 😂

[musik]

... miners

Technical stuff

[musik]

Interesting book.
Just finished it and will return it to the library now, "Blockkedjor, bitcoin & kryptovalutor" by Oskar Norgren-Hansson.

[musik]

The book was apparently written in 2018, so I wonder what has happened in the last three years?

The most interesting fact he presented within this field was about the Eco system or the Eco movement. The idea of using blockchains (without presenting any case details, it's just an idea) to get people paid for watching commercials instead of Facebook etc. It might sound like Left Wing utopia, but after all ... it's ourselves that should get paid for hearing, seeing the shit - not only the ones who lend out some space.

Other facts: No Swedish bank trades with bitcoin.

Q: why is it called bitcoin, shouldn't it be bitcoins?

[musik]

The number one argument in that book FOR bicoin and other crypto currencies was silly as fuck! 🤩

"In the crypto currency world you don't have a central bank involved, that you HAVE TO trust. So the number one argument for bitcoin is You don't have to TRUST anybody. Everyone is anonymous so you simply can't."