Future of Crypto

will most likely pull a bitcoin level increase or crash.

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>tfw invested when it was below 70
If I knew it was so easy to make dosh i'd start with crypto soone

>>129356357
Invested at 230 :C still making good return cause I had decent amount to invest

>>129356357
That's great, but how do you cash out? What's the value in a currency that only has value in other fiat currencies?

The whole thing is a pyramid scheme.

>>129356623
You could convert it to BTC and cash out at shit like ATMs that support it (but there is a fee)
or just exchange it for fiat

It's just a pyramid scheme.

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>buying fake money
>buying fake money that can't be used to buy anything

I genuinely, seriously hope you don't do this.

>bought 2000 eth around $15

AMA plebs

>>129357102
All money is fake money

i mined ~10 total litecoin back when it was new. . .
traded like twice, lost "money" and eventually lost my password to the account

God damit fuck god for not giving me the money to buy this 6 months ago

>>129357670
except the dollar has the biggest military in the history of the world protecting it.

shitcoin has a 90 pound russian hacker protecting it.

>>129357215
Why do you lie on the internet?

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>>129355821
Friendly reminder that we are in the "delusion" phase of cyrpto-currencies. (hence the basically infinite amount of "invest now" videos and articles being shilled.)
AKA the,
>I'm gonna make a 100% return a month, and be a millionaire in 3 years!
logic.

One of the very first principles of smart investing, is to NEVER invest due to emotion. There is nothing tangible with any of these cyrpto-currencies that put it anywhere except a pyramid scheme.

>but muh asia
See "New Paradigm" part of the chart
>but muh highly intricate mining procedures
Gold did the same thing in the 1980s, and has never returned to its peak, as everything in the long run returns to the mean.

https://www.youtube.com/watch?v=bDmHiCVGmZU

>inb4 "It's almost like you don't want to buy a lambo."

Someone told me 99% of ethereum was kept by secret investors that basically bought the premine. Then theres the 12million that went to developers. I would be careful about this cryptocurrency since its getting shilled hard. Everything that gets shilled tends to be a big fucking scam, so watch outl.

>>129357909
Why are you poor?

>>129357989
you could have made that post a month ago

Buy ripple, you niggers. It’s going legit in China.

>>129355821
soooo...Dogecoin is cheap now.
do you guys think Dogecoin will get super expensive in a few years?

>>129357989
not even disagreeing with you but

>it's a bubble guys

when it's actually able to be used for shit now

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>>129358239
Yeah I missed the boat on ETH and I'm not willing to risk money on any meme coins past the $10 mark

>>129358656
No future

>>129358973
Ripple

>>129357989
No where near chap, We are just seeing first normies getting involved, once we see market saturation then it will be in a bubble

>a literal nothing is now worth 20 times an ounce of silver

>>129357215
What kind of taxes does the UK charge on realized gains?

>>129359150
how is silver any more real? because you can hold it in your hand? lol

>>129359400
Yes.

You guys realize Ethereum is a scam right?

20% of all Ethereum is held by ICOs right now. As soon as people realize that these ICOs are going to fail, of which 90% will, the downtrend will begin. It will be magnified and accelerated by ICOs wanting to lock in profits.

The market is thinner than you think. The uptrend cannot last forever.

>>129359446
lol

>>129359333
0

>>129359400
Yes

>>129355821
Fuck the niggers who stole all the RX 570s, now I have to be a good 1060 goy.

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>>129358239
This is the case with literally every crypto. They're pretty much all just ventures put out by the development team in the hopes it gets big and they can cash out and then move on to making the next coin.
Protip: Satoshi Nakamoto and a few other early developers have +1,000,000BTC each.

>>129359559
Lucky bastard.

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>>129357800

>~~nuking people doesnt pay off debt~~

>>129360014
Yeah I heard, it's truly amazing that it went this far without people questioning the ridiculous sums held by a few people. What do you think about litecoin btw?

>>129359471
Your mom can't last forever either, but I'm still fucking her every night.

>>129360360
own a bit of litecoin, one day on the buss it jusmped 55% and i made a bunch of money, i baught them when they were at 3,71$ or something like that, and now it's almost 30$

>>129360795
>>129360360
litecoin is gonna jump next to 300
hionestly im surprised it hasnt already since its the one that progressed the most in its adoption/usage

>>129360795
I'm not really interested in short term gain, although it's nice. I'm thinking of candidates for when the worlds financial ponzi scheme will fall, because it will fall and the day it does, people with the right cryptocurrency will be kings.

Or we're all fucked and gold/silver/ammo is the only valuables when that day comes

Peter Schiff is right.

In the long term, IT'S WORTHLESS, because anybody can make EHT1, ETH2, ..., ETHn.

I don't know a good site to use. What's a reputable exchange if I wanted to buy and sell crypto?

>>129355821
stop shilling i don't want a crash

>>129360317

you nuke some people so that others pay off the debt to not get glasses.

This is Gangology 101.

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>>129357989
At least post the image with the correct terminology, Anon.

>>129361082
yeye, i still own a bunch im just waiting for it to go up before i sell off everything, good investment tho ez money.
>>129361176
yeye i know but when it does, i think bitcoin is going to be the main coin tho

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>tfw bought at $30

>all these noobs saying they """invested"""
It's a currency you fucking retards. You don't invest in currency.

>>129362168
>It's a currency you fucking retards. You don't invest in currency.
yes u do u fucking Retard, u buy some shitty currency that then rise in value. How is that not a investment are u retarded

>>129356623

What's the value in a currency which can only purchase goods from a counterparty worth the value he personally assigns it?

Nothing has intrinsic value except essential consumer goods, that does NOT include gold.

>>129362168
You do.

>>129356357
i bought in just before xmas: $6 each x 30 for $180...

now they are worth nearly $8k....

not bad desu...!

>>129362168
>a fucking tree

>>129362168
A buddy of mine invested 20K and is walking away with 120K

>>129362023
>tfw didn't buy enough

>>129362168

If we lived in a sane world, but we live in a world with jews. Gotta adapt until we have a solution.

>>129362168
Ethereum is a company similar to Uber but for apps. Buying Ether is investing in that company

>>129356918
that's not what he asked

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>tfw I still have 1 pepe coin on my PC somewhere
Am I rich now?

>>129355821
>With the raising exchange rate normies are trying to get in on the action, but they don't even understand the application of these cryptos.

thats fucking rich coming from the e-tulips crowd, enjoy backtax and getting fucked in the ass like samoel hyde

>>129359471
The value of eth (pre or post fork) is not in the reward for hashing the blockchain, it is the blockchain itself. It will either become regulated as a utility or will be hashed by investment banks running smart contracts and futures options on it prolly pretty soon.

>>129356623
wire transfer from an exchange

I know you can make a bunch of money, but
>crypto becomes harder to mine
>price goes up
>new coin comes out that's easier to mine
>it becomes harder to mine

How is this any different from printing more money?
Long run I mean, obviously you can make gains right now and people have made millions

>>129355821
Not really evading regulation. Bills are being passed regarding blockchain. Bitcoin is the future of currency. Gearing up for something big, not going away.
https://cointelegraph.com/news/nevada-becomes-first-us-state-to-block-blockchain-taxes

>>129362168
How can you be so fucking stupid you fucking sandnigger shitskin

>>129363878
because you exchange it for something that can't be printed (bitcoin)

>>129356623
Use Shift card. Accepted everywhere Visa is even ATMs. $1000 daily limit.

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>>129362168
10/10

Hi.

Can people with supercomputers sokve block chains fast ebough to profit? Will processors advance fast ebough to oytpace ceyptocutrencies problem sets? What makes them safe against tech gains?

>>129355821

You cryptofaggots have already fagged up /biz/, stay out of /pol/

>>>/biz/

Crypto is wrose than fiat.

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>>129363681
there are no good uses for smart contracts
it's a scam
even eth-heads admit that there's no great use for a smart contract

the only good thing ethereum is for is separating the goy from his shekels.

>>129357102
You can buy Ferraris with bitcoin, but I guess Ferraris aren't real to you.

>>129357800
I'll take the Russian hacker over the US military.

Kek

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>Putin bows to Vitalik
>Controls ethereum with an iron but fair fist
>Vitalik said to have 215+ IQ, such intelligence on Earth has only existed deep in Tibetan monasteries & Area 51
>Can bend space and time to solve the halting problem
>Learned fluent c++ in under a week
>Personally hardforked reality resulting in Berenstain Bears anomaly
>Premined 85% of ethereum in existence
>Can sell unlicensced securities with immunity

>>129361082
What gives litecoin it's value?

Bitcoin is old and established. Ether may replace the interbank system for moving money and also may be backed by Russia.

But what does litecoin do to set it apart from other crypto?

>>129356623
>but how do you cash out
you dont

unless you want to score some meth

>>129357102
There is ATM where you can buy gold with bitcoin

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>tfw bought 40 ETH when it was $35 because of TCR

Thanks Ghost!

>>129357670
sure dollar is fiat but the chinesse has trillions of it so they wont let them be worthless

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OKAY SO WHATS THE NEXT ONE? WHAT DO I BUY NEXT REEEeee
>Missed the Bitcoin train
>Buddy has 20 Bitcoins now
>Considered buying ETH at 30
>Bought a new Nintendo Switch Instead with the 400 bucks

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New Blockchain@State internship

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>>129357989
>but muh HowBubblesWork101.jpg

ps: ETH is a scam. Sell for BTC and hold long term, do otherwise at your own peril.

>>129355821
Is ETH going to hit the same bottleneck BTC is currently going through?

>>129366633
litecoin for sure, it has skyrocketed for coupple of months

>>129366633
Not too late. projection is $4000 by end of 2017. $10000 by 2020. Buy now while its cheap.

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>>129366946
Projection on what? ETH or BTC?

Thanks anons

>>129365191
show me someone who successfully bought a ferrari without any problems in bitcoin.

>>129366633
not even close to missing the train
there will be a day when bitcoin is used by amazon, google ,apple services or some other quantum leap. then, youdhave missed the train

>>129367091
No one,cause that anon is a faggot chink proxy.

>>129366946
BTC

>>129355821
The dude who made it gave 80% to his friends pre mined. It's a scam.

>>129365609
litecoin is more advanced/efficient than bitcoin and has a higher limit iirc

>>129355821
bitcoin needs a competitor...

>>129367126
Youtube will be paying out in BTC very soon

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>>129367091
Not a ferrari, but this shall do.

>>129357989
You're an idiot.

By that graph we haven't even gotten past the bear trap. Normies still have no idea about it

t.ETH invested around $50

>>129364536

> Can people with supercomputers sokve block chains fast enough to profit?

Supercomputers, no... they have no advantage over basic ASIC. At this stage your basically turning power into money.

Quantum Computers: possibly, if they could figure out how to program them.

> Will processors advance fast ebough to oytpace ceyptocutrencies problem sets? [sic]
No, there are mechanisms in place that change complexity based on the networks compute power.

> What makes them safe against tech gains?
What do you mean exactly?

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>>129357989
>ye say ye are rich but ye are poor, therefore I ask that thou buyest gold tried in the fire that thou mayest be rich

>>129367508
Muffin coins?

>>129367126
Microsoft accepts payments in bitcoin.

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>>129355821

Non-Physical Currency's are part of a Future plan to phase out Physical Currency's.

So the Public will never be able to physically Hold & Feel what they earn again.

http://archive.4plebs.org/_/search/subject/knowledge%20bomb/username/anonymous5/tripcode/%21%219O2tecpDHQ6/

>>129365715
>Unable to see the value in crypto currencies beyond drug transacting
>Flag
Checks out.

>>129355821
>crypto
>I'll get rich fo'sh without doing nuffin. 1,000,000% return of investments in several years is realistic, I know economics I ain't bullshitting ya I read the wealt of nations and watched 100h worth of molymeme
>meanwhile, in real life, you can't cash out any meaningful amounts (because it's a pyramid)
How much more do you think those pyramid schemes can go on?

>>129367508
>someone took a timestamp photo on some guy's lambo
>/biz/ eats it up

>>129368944
>Non-Physical Currency's are part of a Future plan to phase out Physical Currency's.
Obviously. But (((they))) will never allow something like memecoin and its chink derivatives to persist. The moment it gains real purchasing power (beyond buying online apps and drugs) the central bank will freak and it will be shut down by force. Just like how Tor got mangled by the gov't. Transnational currencies is real big boys' business.

Reddcoin.

Its a social media tipping system like reddits upvote system but with virtual currency. About to take off like crazy.

>>129366946
waiting for a dip.

>>129355821
A few reasons why governments will go to crypto-currencies: secured by those who issue the currency and unabled to be duplicated and can be made up on the spot for any amount you would ever need, allowing agencies like the CIA to have a bottomless budget for anything the country would ever need. well, except for the people - the people get to struggle with a few bits of data money and live in hardship as usual while those connected to the federal reserve, oops i mean crypto-reserve live on the high-hog

crypto currencies are just as fake as real money, the difference is that jews have no influence over it

you are a retard if you don't understand that not being controlled by major banks/world governments is in itself valuable

>>129366817

Is the Lamborghini filled with groceries?

>>129369219
Alex Jones?

I own $22 BTC last I checked, was originally gifted $3. So I'm up and the future's looking bright familia. It's addictive checking my BTC wallet on my phone.

>>129358973
>not havin 2000 dogecoin ready for exchange when value increases

>>129369219
>cant use memecoins on amazon
>cant use memecoins on ebay
>cant use memecoins to buy groceries
is a fucking scam just dump them and make quick cash of the last minute suckers

Whats the safest/most secure way to buy BTC?

>>129356623
it's not a pyramid scheme, it's like any asset like stocks, are Amazon or Facebook stocks that keep going high despite low revenues a pyramid scheme?

they go high because more people want to buy it. It will crash and then go up and then crash and so on.

>>129357027
yes thankyou, it really is.

>>129363073
How were you alerted to this opportunity? I'd like some basic advice if you don't mind.

>>129355821
Where can I buy some?

>>129355821
ETH is junk, and the worse idea ever made to include a turing complete language inside a cryptocurrency. The founders are going to cash out and abandon it soon once more hacks happen.

If you guys want to buy cryptocurrency that will actually be used, and actually worth something then use Zcash, it's essentially Bitcoin but completely impossible to track transactions hence finally a real anonymous coin. The people involved in it are cryptographers as well instead of just silicon valley cretins trying to flip some scam. Gavin Andresen is involved too. http://z.cash

The problem with ETH is "smart contracts". These are transactions you write like you would in javascript with if else statements. Everybody who's ever been a programmer knows there's all kinds of shit you can do to exploit regexp and poorly designed if/else statements logic, not to mention just overflowing the language integers and causing undefined behavior. Stay away from ETH or if you're in get out very quick

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>>129355821
So crypto shit is a meme from /biz/ right?

>>129372747
>it's not a pyramid scheme, it's like any asset like stocks, are Amazon or Facebook stocks that keep going high despite low revenues a pyramid scheme?
Amazon and Facebook is what gives their stock value right? while bitcoin is only seek after as a way of making quick cash from new people buying them

the day the high rollers dump them they become worthless

>sold my wow account in 2009 with full tier 8 setup
>wasn't really knowledgeable about how to cash out my money
>/b/ told me to buy bc

it was worth being a nerd after all

>>129373863
there is a shitload of dumb shits to exploit with ETH who jumped on the hype train because they think it's the next bitcoin.
If people think BTC is slow just wait for ETH volume to increase a little bit more.
The thing that worries me is that legit companies are jumped on board, pretty sure there's going to be economic fallout when the ETH fad is shown to be a scam, afterwards heads will roll quite literally.

>>129373407

cryptomate

>>129373011
It gets posted on the bitcointalk forums and usual forums, plus here.

I didn't buy into ETH because they wanted to burn bitcoins to generate ETH which I thought was a stupid idea, glad I didn't since my coins are now worth 1000x more than ETH.

Don't buy ETH, read up what a 'smart contract' is first, then think of all the ways you can fuck with that program.
http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/

I don't know much about crypto currency per se. But I have an automated trading system that I set up a couple weeks ago doing very low risk arbitrage that's going to make money no matter which way the market moves.

>>129373863
>it's essentially Bitcoin but completely impossible to track transactions

Yeah.. something like Zcash will never become mainstream because criminals should be held accountable for their actions. Transactions should be transparent and trackable.

I hope Eth has exploits and allows agencies to view things behind the scenes so criminals can be charged and arrested.

>>129373980
more details?

All coins suffer from BTC's inherent flaw which is lack of governance; the only coin AFAIK that solves it is DCR

>>129374252
All of Russia and China will be working F/T to exploit those contracts, and contracts will be used for every transaction.

Imagine the world's hackers all discovering you can print your own money by running a SAT solver on an ethereum contract, guaranteed they are just waiting until the value becomes high enough to be worth burning an attack vector and will be cleaning out some big time companies. The DAO clownshow was just the beginning

>>129357102
t. jealous no coiner

Looking to getting started in this whole crypto currency biz, I heard Zcash is the next thing, how reliable is this?

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>>129374686
>I hope Eth has exploits and allows agencies to view things behind the scenes so criminals can be charged and arrested.

That's because you're a faggot, mate

>>129374810
I will enjoy watching this trash heap of an ecosystem turn into a garbage fire.
>>129375024
I do all my online buying with BTC and I can say for sure the whole thing is a house of cards, anyone who doesn't is either in denial or a sucker.

>>129374686
Zcash is like Gnu Taler, but decentralized.

Gnu Taler is a similar scheme where they want to make it anonymous so when you BUY something you aren't data mined, and your identity is not revealed to the merchant (or third party) without your explicit consent.

It can still be audited for tax reasons, for example you have to turn your Zcash into cash by giving your name somewhere and getting cash. But whatever you bought/sold with the Zcash is not reported. This is how it should be, private transactions, but turning it into nation state inflation paper currency requires paying taxes like everything else.

>>129374810
This is the problem with cryptocurrencies as a store of value. It eventually becomes profitable to make the investment required to steal private keys en masse

ETH has the full brigade behind it though. Intel, Microsoft. Are they really that dumb?

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>>129374339
You seem very knowledgeable and have a kickass id. What do you think of the proliferation of other coins? You mentioned Zcash but are there any other interesting developments on the horizon I could read up on? Go on /biz/ and it's fucking hilarious with all the
>xbeanlite is mooning
All I have to offer in return is an uncommon Pepe who's value has decreased dramatically since the end of the great meme war last November.

>>129375216
>Intel and MS fell for the diversity hire meme are they are really that dumb to fall for the cryptocoin pump and dump?
Yes, yes they are.

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>realize I have 2 spare GTX 970s from a friends old build
>set them to mining Ethereum just for fun so they aren't just collecting dust
>do some calculations for my hashrate
>expect to make maybe $50 in ETH a year or something
>they are currently mining ~$2000 a year in ETH

>>129371188
I was tipped $30 worth of BTC, traded it for ETH, and now it's worth $1652.

Buy Ripples, cheap and expanding pretty gud

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>>129355821
>tfw you fell for DGB

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>>129355821
>How long can they evade government regulation?

Forever. Crypto exists because it has built in mathematical equations that make it impossible to counterfeit. It also checks out all other characteristics of a money, other than widespread acceptance, but that's changing. Government fiat currency is inherently inflationary and depreciates because central banks use QE to finance projects at non-market interest fees. This leads to bubbles because the market is being fed wrong signals (bad investments are being made in projects that shouldn't exist and money if being given out to incompetent people who'll go bankrupt later) so we are led to believe wealth is being created. Then after some time the bubble bursts and we enter depressions.

Cryptocurrencies like bitcoin are deflationary because the code already has a built in mechanism that ensures no more than X number of coins will ever be in existence. And governments can't control it because it is decentralized and peer to peer.

Bitcoin and crypto is literally the second coming of capitalist Jesus Christ, that is the GOLD STANDARD. That's why (((central banks))) are freaking out, the goyim now have access to a money that cannot be controlled by them and doesn't rob people of their savings over time.

Bitcoin is the biggest fuck you to the kikes since the days of God knows what.

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>>129371188
>just the right amount of BTC where it can crash and you aren't out that much but you can still make enough gains to get a cool shirt or something one day with your magic internet money

this nigga has the right idea

>>129357215
my nigga

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>>129376249
Speak the truth!

>>129357027
no its a buy the dip scam, ya feel me?
just btfd

>tfw 1 million DOGE

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>>129369886
You can buy lambos with Bitcoin retard. Adjust your views with reality or keep coping.

>>129369886
>Obviously. But (((they))) will never allow something like memecoin and its chink derivatives to persist. The moment it gains real purchasing power (beyond buying online apps and drugs) the central bank will freak and it will be shut down by force. Just like how Tor got mangled by the gov't. Transnational currencies is real big boys' business.

When did Tor get "mangled" by "gov't" you subhuman?

You can't stop bitcoin, it's too late. You would need to stop the entire internet. Good luck with that.

>>129375256
I'm not all the knowledgeable, I was around for Bitcoin since day 1, before Bitcoin used Cgold and other digital currencies, and I rewrote a lot of the blockchain design spec but I'm not 100% up to date on all the alt coins and shit going on right now. However I do know Zcash is the only worthy coin I've seen in years I'd consider buying.

I also don't really 'invest' in cryptocoins, I use them as they were intended which is transactions like holding multisig for insurance reasons to bootstrap an anonymous site, or abstracting money transfers to make them easier.

Interesting developments would be anything that allows you to make your own 'colored' coin, like declaring a set of X coins is now CAD coin, so you can trade CAD for Bitcoins or whatever else automatically without needing to wait for bank funding. ETH tried to do that but they included a fucking turing complete language which will be it's eventual death. GNU Taler you can do this https://taler.net/en/index.html

Why is ETH so popular? It's more than half the market cap of BTC... what the fuck? Didn't some guy find an exploit a year ago and stole several million dollars worth of it? And the shitty developers wanted to roll back the blockchain or whatever?

It sounds like a total fuckin joke.

>>129376976
>but they included a fucking turing complete language which will be it's eventual death.
Yeah, it sounds like a total nightmare waiting to happen.

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>>129376680
Thank you based Bacalhauposter. Bitcoin truly is the future of Liberty.

>>129377278
>Why popular
Shilling. They have a PR firm that releases stories to the media all the time. See this post by Paul Graham on how this works: http://www.paulgraham.com/submarine.html

>Find an exploit and stole tons of ETH
Yes, but technically they were not stolen, he manipulated the contract to his favor by exploiting a hole in it's logic. This resulted in a soft-fork that failed miserably, and eventually a hard fork that split ETH into 'Ethereum Classic' and regular ETH. tl;dr a total clownshow

The problem is they hyped ETH way too fast raising a huge amount of speculation money in the DAO unlike Bitcoin which took like 3 years to iron out some massive bugs

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>tfw 100 ETH at $10
WHY DIDN'T I GO ALL IN

>>129370814
The kikes own the majority of ETH though..

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I have 22 and I bought in at 50 USD

thanks /biz/!

>>129377377
i don't understand this. can you please explain to me like i'm retarded?

>>129377905
Oh so they actually did do a hard fork. That's pathetic honestly. How do they expect to have any credibility going forward, if they want ETH to be used for real world commercial transactions and actual business?

>>129378431
It just means there is a huge possibility of exploits being discovered and/or created.

>>129376936
people watch too much tv and think everything can be briteforced by mr. robot

>>129362399
you speculate on the price of currency, you don't invest money into it

Ethereum is the biggest meme on the block.

Give me three (3) novel applications using Ether. Go ahead, I'm waiting...

It's all pyramid scheming. Silicon Valley hypelords convince naive tech-dreamers of it's noble altruism, and middle-class autismos convince retards to buy in after them, hoping they can dump it right before the crash.

It's the same as Bitcoin, but at least with BTC you can get some drugs out of it. Ether is 100% hype, 0% utility.

>>129376976
You're very knowledgeable. It does seem like a logical progression to go to a system like Taler. If I understand it correctly it uses escrow accounts to facilitate transactions back and forth between crypto and fiat of various flavours. Kind of like an intermediate bank that also allows for proper record keeping for tax purposes. Did I get it right?

>>129363727
Which exchange do you use to transfer? I have Poloniex, but I don't see this option.

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MAD Coin @ Yobit.net also pumping tonight.

>>129378566
Yes, it means the majority can choose to reverse a contract and data on the blockchain is no longer immutable. That's why Ethereum Classic was born so now there's 2 competing ETH's.

So imagine in the future some massive financial corp goes backrupt or something a judge orders ETH to hard fork again, rolling back a contract. They can just vote and make it happen again (esp if a lot of people lost money) so the majority can fuck over some minority stakeholders.

It's a shit show, the concept is generally a good idea but in practice it's going to fail. There will probably with an ETH 3.0 fork again that will fix some of the issues like the turing complete language contracts. Bitcoin has a language built in too but it's a weak DSL that can't do loops and other risky/dangerous things.

>>129364793

Big financial institutions are all investing in getting out in front of DLT/smart contracts. They don't want to get cut out of the loop, so they're disrupting their disruption.

>>129355821
>but they don't even understand the application of these cryptos.
this is the only thing people should be talking about. everything else is counter-productive.
there is a lot of power with these technologies, but as long as people treat them as get-rich-quick it is doomed. It's about decentralizing, it's about getting control back into the hands of people. you know, democracy and self-determinism.

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>invested 300$ when it was worth 10~.
>after transaction fees and conversions I end up with 25 eth.
>each coin is now worth my initial investment

>>129380487
This is why I'm interested. Breaking the monopoly of governments and central banks on the system of exchange. What a time to be alive!

>>129376249
I read somewhere that ETH is inflationary and does so every quarter.

>>129379317
Taler is a lot like David Chaum's eCash (or 'digicash') of the 90s. You transfer ordinary money into a Taler account from a Taler agent and transfer them to other Taler accounts, and from there back to ordinary money. It's essentially crypto signed Paypal, but somewhat decentralized in that there's no centralized taler authority saying you can't be an agent.

Taler would be useful as a way to pay in/out of cryptocoin exchanges to get bitcoins or sell them. It's much safer for a merchant who becomes a "taler agent" to accept money for Taler instead of directly handling cryptocoins as most banks if you mention bitcoin will drop you immediately due to risk.

Once that happens we can automate exchanges, so you can run a Tor exchange with EURtaler trading for BTC or Zcash.

>>129381468
Forgot something else we could do is vouchers, so sell Taler vouchers online that can be redeemed directly in exchanges like the old MtGox USD vouchers everybody traded around 3rd party.

Those were pretty sweet back in the #bitcoin-otc days where I could just move vouchers around and cash myself out in cash locally. Sadly Mtgox incompetence/fraud and the authorities shut it all down but they can't shut down Taler

>>129377278
ETH is definitely a bubble, it has value, but as more of a "gas" than as a "gold".

>>129380994
If so then it's not a good currency and will get competed out of the market. Bitcoin still is the best.

>>129367329
BTC may fork soon... and I thin k some of the money that would be in BTC is flooding ETH. Honestly I like Ethereum a lot... very unique for a crypto and has a lot of interesting potential.

>>129355821
It has it's own programming languauge.
You can write contracts that automatically resolve under the right circumstances.

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>>129382530

>still thinking ETH is just a currency.

my nigga, ETH is everything. Companies, universities and entire nations will run on ETH to ensure incorruptible, perfect and efficient transactions, calculations etc.

On top of that you can even build your own cryptocurrency on top of Ethereum, making it likely thousands of crypto's will be based on ETH in the future (example company coin for discounts etc).

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>be me
>buy e-wallee
>"help us to solve some unsolvable math problem, anon" they said
>mining beetcoins
>mining beetcoins
>mining beetcoins
>knock on door
>"Secreet Service! Anon, why you hacking Pentagons?"
>in prison now
>meet guy who also in for "mining beetcoins"
>"Hey, How was I supposed to know computer was used for Treasury hack?"
>I told my computer was confiscated, lost everything
>"No poblano, beetcoin emptied your computer, too. Everybody in China has a copy now".
>Kek, computer is crowdsourced backed up
>get out
>knock on door
>"Secreet Service! Anon, why you loli porns?"
>{{{PORN!!}}} Fuuuuuuuuugh!
>Some of it legit, maybe
>prison again
>get out
>"Anon, why you no buy ETH?"
>punch guy
>prison again

>>129381850
Any idea as to the timeline when they might implement it? I couldn't tell from their website. I imagine the whole thing is fraught with bureaucratic bullshit as the banks try and wrap their heads around it and governments try to figure out how to tax it. That and I'd assume they'll need a fairly large capital pool in each of the fiats they want to be able to exchange to cover liquidity.

This whole thread is just some crap from biz to get newbs over to shill the next dgb or rdd or what ever so all the pol people can buy the bags

What happened to the new ethereum that split off?

>>129359400
because its used in dozens of industries

>>129355821
It's a bubble. Soon enough people will realize that crypto-currencies are all worthless and they will crash. Feel free to have fun before that tho

>>129386791
>google eth classic
>$18~
It's because a hacker abused a bug in a contract and stole like 5 mil of eth when it was priced at $10~ -- and with eth moving from proof of work to proof of stake, nobody wants to compete against that shit. Eth classic is fucked. I still own mine though because I never got around to selling them.

>>129356357
Fuck me, I wanted to invest at 90 but had to wait for my paycheck and it skyrocketed. GOD DAMN

>>129355821
>>129357989
Looked at
https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects

because I wanted to look for Video games

Saw Ethereum, saw Buzzwords, noped out.

>>129384494
I look forward to establishing my all white block chain run private property covenant with you :3

>>129387014
Completely agree it's a bubble but I bought a bitcoin and a hundred eth last year just in case. I'm pretty sure my rental, silver stack and 401 k will hold value better tho.

>>129387014
There are still nocoiners coping? in /biz/ everyone has given up and are now buying coins.

>>129387583
>stole
No. The person executed a smart contract exactly as it was specified. It's the DAOs fault for being specified in a way the owners did not want. Eth totally killed their reason for being by saying they're a smart contract platform, unless you annoy big investors, in which case they'll steal your money. It's funny watching ancaps and libertarians getting btfo by their own hands.

>>129387583
Reminder that ETH is centralized trash with constant risks of hard forks everytime an useless smart contract is hacked.

If you fucking summerfags understood anything, you would buy bitcoin and sit on it.

https://www.youtube.com/watch?v=wUUVlatCvp0

>>129388990
yeah, that's a classic sign of a bubble when every idiot jumps on the bandwagon thinking they're going to get rich quick

>>129389136
Bitcoin is the only coin that stays true to its roots and its truly decentralized.

Thefact that there's no consensus PROVES that it is decentralized.

Imagine if satoshi hardforked to rollback and get the lost MTgox coins back... fucking lol.

ETH is dogshit.

>>129376249
When you want to buy/sell you're asked to provide an ID and credit card information. In the future, the (((government))) will demand that information from the "bank" and pass it around, since crypto has no borders. Good luck with that.

>>129357989
>Gold did the same thing in the 1980s, and has never returned to its peak, as everything in the long run returns to the mean.
gold does not have byzantine fault tolerance

>>129389209
Your mistake is thinking BTC is useless. See you in 2030.
>>129366817

>>129389384
This scares me a little though, namely that a hard fork is still possible for Bitcoin. Sure Satoshi was smart enough not too as it would've shaken people's confidence, but it seems like it'll happen inevitably. Sounds a lot like fiat: based solely on the faith of those holding it, but without the backing of a government to enforce anything.

>>129389460
You are thinking deep enough: eventually there will be no need to step out of crypto.

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>hey guies i cant accept the cognitive dissonance of being wrong about bitcoin....

>LETS KEEP MAKING NEW COINS OVER AND OVER BASED ON EGO

>sotoshi didn't make this, i did!

>>129389460
>In the future, the (((government))) will demand that information from the "bank" and pass it around,
and? the blockchain can tell you a lot of things, it can tell even more when your bank rats you out, but it wont tell you anything if you use a different address every time and use the litecoin launder method.
but of course you didnt know that because good crypto doesnt have marketing divisions

>>129389727
Your mistake is thinking tulips are useless. See you in 1640

Have 62.something bitcoins since 2012 bought at 7.50 ish dollars. Changed one bitcoin in Januari for ETH.

>>129389878
we needed a second blockchain for perfect launder
but you are right, ethereum is not for that and it was not mined fairly

>>129390068
tulips are not divisible and do not have byzantine fault tolerance

>>129389384
The community voted and all of us wanted it, except for the hacker. What's the issue? I never bought dao tokens but eth smart contracts are still new technology that haven't really been thoroughly tested, so it's unsurprising to see this happen. This may happen in the future and if it does you can bet I'd want to restore the stolen currency. If you could undo the Mt gox hack would you?

>>129389136
He abused a bug in a contract to steal eth that wasn't his. That's how it happened.

>>129389829
Any attempts to hard fork will get crushed by whales.

When a hardfork happens, everyone recieves exactly the same amount of coins on both chains.

Whales will dump on any Roger Veristic attempts to hardfork, crushing the price and hence the hashrate.

>>129390259
tulips have never been hacked. Checkmate atheists

>>129390068
>moving wealth across borders seamlessly and permissionless is an useless tool

Stay poor.

>>129390269
how did the community vote?

>>129390482
>bitcoins
>wealth
lolololol :DDDD

>>129390370
Good point. Correct me if I'm wrong but Satoshi himself (whoever he may be) is the biggest whale in the pool. Makes sense that he wouldn't want to dilute his share. Is there any real info on the distribution of ownership? Like is it possible that he controls 50.1% or whatever it happens to take to ensure control over any votes?

>>129390679
cope

>>129390645
the developer cabal decided and it was so, that's how voting works :^)

>>129389925
I will not give away a digital copy of my ID card to a random "bank" on the interweb. I thought crypto was supposed to be anonymous. A lot of goys are falling for the jew trick - (((they))) will get their shekels with fiat, gold, crypto, bottlecaps, etc. The kikes already have their claws deep into the crypto market.

>>129390788
my nigger please, do cash out before the retards realize it's a scam. Or don't, and lose your money. I guess it doesn't wiggle my dick either way

>>129390773
There's no way to know for a fact how much BTC satoshi has.

Whoever satoshi is, he is likely dead at this point. His coins never moved.

>>129372036
cram it into your ass

>>129390933
>the usefulness of moving money around seamlessly and permissionless specially in an up and comming physical cashless society is a scam
m-muh tulips

>>129390933
if you can't see the value in either eth or btc you deserve to be poor. Sorry Finland you're just retarded.

>>129391179
mah dude this has all the classic signs of being a bubble. How can you not see that? Are you blind?

>>129391355
>price goes up and down!

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

>>129379620
If you're still in the thread, I would respectfully like to ask you to make a thread either here on /pol/ or on /biz/ with your knowledge. You could help a lot of people. Thanks for the information, regardless.

>>129391349
>>129391767
>All the classic signs of a bubble
>b-b-but this time it's going to be real I swear u guise
>unlike in all the other bubbles, this is a paradigm shift 4 realz
well, I guess retards really do deserve to lose their money

I bought just shy of 20 eth when it was 10 dollars apiece and forgot about it, now I don't remember the password I put on my wallet. LMAO

>>129356357
Got 45 at 6

>>129392319
>he can't afford to potentially lose on an investment
>he doesn't see the value in the block chain, or smart contracts
>he thinks this is just a run of the mill pump n dump
>he thinks it's a bubble
you can't win them all, but I'm pretty damn sure I'm winning this one Finland. It's not too late for you either, climb a board now or be wishing you did later. Surely you can afford to invest?

I've done a LOT of reading/research into crypto the past few weeks.

I'm very intrigued, and I want to invest, but there are several things keeping me from doing it.

I keep hearing ALL KINDS of stories about how people "lose it all", whether it be to a hacker somehow, simply losing the password (to their 'wallet'?), crashes in value, ... I even read a story about some girl who sat on her phone or something, broke it, and lost all the crypto she had. I cant remember why - maybe she lost her QA code or something idk.

I also read an article about some dude who had Bitcoin "on a hard drive" and threw it out ages ago, then Bitcoin raised in value and t became worth millions so he spent forever digging through a damn landfill trying to find it

The problem is that it's unclear exactly where the fuck this money SITS, and how secure that place is. Are you willing to risk putting your entire savings into a tech device that you're responsible for making sure it doesn't break?
>oops, got pushed into a pool at a party, there goes my savings!
>oops, my house burned down and my printout/hard-copy/record of my wallet code and QA code are gone!

Forgive me if I'm wrong about how the above works because that's definitely possible

But even if I am, even if there are ways of keeping your crypto secure, its insecurity isn't the biggest thing keeping me from investing

The fact that NOBODY KNOWS THE IDENTITY OF THE PERSON WHO CREATED BITCOIN is my biggest thing preventing me from going in. This, coupled with the fact that there is no limit to how much money you can put IN to Bitcoin but there are daily limits which limit the amount you can take OUT of Bitcoin (via btc ATMs - the only straightforward way to transfer btc to fiat that I know of) is a huge red flag to me

Why is the Bitcoin creator keeping his identity secret, and why is the system limiting how quickly you can take your investment out?

Eth is a shitcoin with a massive marketing department, it's being shilled extremely hard. It has no value though other than the fact that you can exchange it for Bitcoin.

Bitcoin on the other hand is being accepted more and more and can actually put food on the table (or other stuff).

>>129357027
please explain

>>129355821
>How long can they evade government regulation?
forever
There is no magic button to regulate crypto-currency. They can't stop it short of shutting down the internet.

>>129393210
When retards like you think it's a good investment, that's a surefire way to know it's a bubble

>>129362745
you "speculate" on currencies, not "invest"

>>129393301
(2/2)
It seems as if he is/they are bracing for a crash when it comes out that it was all some sort of complex scam. No, I don't know how it could be a scam and I don't know how it couldn't. But don't pretend you know either, because the reality is that well over 99% of us here don't understand exactly how the system works beyond what we've read online which has ALL been translated into easy-to-understand layman's terms.

There's just too much uncertainty and shadiness with it all. The reason Bitcoin is jumping in value so hard right now is because it's a hot topic and the idea is that you can get rich off of it

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>tfw cashed out at $250

>>129393510
you're so oblivious it hurts. I can't believe that a person can be this naive.

>>129390269
>abused a bug
By definition smart contracts do not have bugs. The code is the contract, full stop. That's the entire fucking point. If you're going to say people must respect the spirit of a smart contract, you've just eliminated the point of smart contracts. Eth is retarded and it's increasing price only shows its a speculation bubble by idiots.

>>129394192
good luck with your "investment" m8

>>129361395
> in the long term search engines are useless because anyone can make yahoo, dogpile, ... google

> in the long term social networks are useless because anyone can make Friendster, MySpace... Facebook

In the long term, everyone dies, why even live

>>129394329
> What is hard fork b/c of buggy DAO

>>129390773
Satoshis Bitcoins dont give him control over forking or voting. Only miners have that. He could use his holdings to manipulate markets. He could use his Identity to convince people to vote a certain way. But changing anything, like blocksize, really requires buy-in from miners, and the chinks aren't going to care much about satoshi.

>>129375922
we dont want your bags

>>129393306
Zcash And Monero are bigger threats to Bitcoin. BTC value is evading currency controls and buying drugs. Built-in anonymity is valuable there.

>>129393301
>>129393788
These morons lost their private keys and passwords. Which makes them idiots. Your money does not exist in any physical form, but rather your public ID (which is created by your private key and has to be verified by the automated system) has a tracked transaction history showing how much bitcoin you have. This is kept track of by a bunch of people using their computers to track all bitcoin transactions and their machines do all sorts of math to come up with a permanent agreed upon record of who sent btc to whom, that's all bitcoin mining is, you join a bunch of people acting as basically a distributed central bank tracking the currency, and they all take a miniscule percentage for doing so.
Those people didn't lose their money, it didn't go anywhere and nobody else pocketed it, they just can't access their accounts any more because they're fucking idiots and don't remember their own passwords and keys, which you really should, especially for something financial.

>>129394615
>what is hard fork because devs and big Investors didn't like what the DAO decided to do and used their social clout to undo legitimate transactions

>>129393788
ETH just hit $350 as well. I think you have some good points, anon. I sunk $500 into this but I am very skeptical of the future, particularly with the Bitcoin fork on August 1st.

>>129395213
Only a shit skin like you would consider the transaction to be '''legitimate''''.

>>129357989
In markets, if everyone believes the lie, that makes it real.

I don't think anyone should invest their life savings in this, at most 10%. But it isn't a bad idea to put a little bit of money in btc, eth, and a couple shitcoins. It is speculative just like African reits, security companies, and the Indian stock market. These investment might increase or decrease by 1000+%

>>129395213
> unironically calling catastrophic siphoning of funds a feature, not a bug

Rev up those ancap meme templates

ARK or Bitshares

>>129395458
>>129395993
>ancap memes
Exactly. All these kiddos are finding out what consumer protection laws exist.
At any rate, why is only the DAO given rollback protection? If I write a "buggy" smart contract and dislike the outcome, why can't I get my few bucks back?
The hacker's mistake was not immediately trading to a solid coin, like Bitcoin.

>>129362168
What an embarrassment you are.

>>129380994
You read correctly. The level of inflation is capped at 12 millions coins per year, which will become a progressively smaller percentage of the total. Inflation isn't necessarily bad per se, when enforced by code it gives room for newcomers to not suffer a stranglehold by early backers, as well as make up for lost coins. Real-world inflation is considered bad because it's arbitrary and centralized, and the interests of our governments differ greatly from our own.

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>>129392319
I have been holding since 30€, when retards like you were crying about how it was a bubble.

>b-but tis time it will crash!!

>>129393301
>make tool that challenges the status quo
>why is he anonymous!! im a sheep that can't real open source code!!

>>129393301
>Are you willing to risk putting your entire savings into a tech device that you're responsible for making sure it doesn't break?

This is a 18+ board where self-responsability is expected.

Ardor and Rchain

>>129355821
"crypto" being short for "cryptocurrency" and not "cryptography" really pissese the fuck off. kys OP

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>>129356357
>Saw bitcoin being posted on /pol/ when it was $10 per coin and cryptocurrencies were not a thing
>called them scamming shills and reported the thread
>tfw I see price of BTC now

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>>129398922
>64-CPU Xeon mining when it was barely worth it
>turned it off after a few weeks since I'd only make 50-100 coins a month
Moved to bananaland to terrorize latina qts instead

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>>129390259
kill yourself retard

swap your imaginary cash for tulips NOW, before the bubble bursts.

>>129356623
You cash out by trading it for cash... are you retarded?

>>129355821
* Digital currencies doesn't scale. (Linear scaling of transactions/CPU power over time.)
* Digital currencies are very susceptible to quantum computers (and perhaps other cryptanalysis too).
Because of these 2, the digital currencies will have a hard time to gain momentum.

But if they overcome those two, they will be huge threat to Kike money creation and they will pull strings:
All governments will immediately ban all forms of cryptocurrencies, claiming its only used for illegal pedophilia, drugs and weapons.
Anyone possessing it will be charged with "money laundering" (like the new laws in EU).