CryptoCurrency (I.E. BitCoin)
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What does everyone think of the BitCoin hype over the last few months/Year? Is Cryptocurrency a fad or here to stay?
Cryptocurrency was something I never paid much attention to, but with all the hype over the last few months have been attempting to educate myself a little bit. In the process I came across JSECoin which I find rather intriguing.
https://platform.jsecoin.com/?lander=2&utm_source ... m_content=
Thoughts?
Cryptocurrency was something I never paid much attention to, but with all the hype over the last few months have been attempting to educate myself a little bit. In the process I came across JSECoin which I find rather intriguing.
https://platform.jsecoin.com/?lander=2&utm_source ... m_content=
Thoughts?
- Freddy
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I'd be some bummed out if I bought 8 or 10 bitcoins at $20,000. It's close to half that today. How do they think that kind of volatility can be used as any form of payment?
- freetown fred
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Freddy, "THEY" don't give a damn. Hell, "THEY" got enough suckers to be sittin back laughin!!!!!!!!!!!
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Thats what intrigued me so much about this one. It's designed from the ground up to be mined by browsers, with a limit on the hash rate, only one machine per IP address allowed to mine Etc. I figured I had nothing to lose so I signed up for an account and mined 1.59 coins since Friday (02-23-18) just by leaving my browser mine while I was at work.I stopped at anyone can mine, you need the hardware, the time and the money.
The idea is to allow web masters to replace advertising with mining. This has been tried before without much success, but this is the first one (I believe) that was built from the ground up for that purpose.
Time will tell...but I think it looks promising.
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It would be JSE Coin.... Its not listed on any of the exchanges yet. They are planning to list this year. Maybe I'm a sucker, but I figure it doesn't cost me anything to mine, and IF when it lists the speculators get on it, maybe I'll actually gain something.
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Sorry, game set and match to the Rothschilds..
https://www.coindesk.com/coinbase-tells-13000-use ... o-the-irs/
https://www.coindesk.com/coinbase-tells-13000-use ... o-the-irs/
All Fiat currencies have failed since they were used. This will be no different.
Our constitution says that all currency has to be gold or silver in specific
values and up to 1972 bills could be exchanged for silver or gold coins ,
no more. Gold and silver really do not move in price , only the fiat
currency go up and down , because they are affected by inflation.
Silver coins pre 1964 are worth $1200-$1300 per $100 face , so the
value in ~53 years has gone down 12-13 times.
This explains money and currency are two different things.
Crypto's could never be either.
BigBarney
Our constitution says that all currency has to be gold or silver in specific
values and up to 1972 bills could be exchanged for silver or gold coins ,
no more. Gold and silver really do not move in price , only the fiat
currency go up and down , because they are affected by inflation.
Silver coins pre 1964 are worth $1200-$1300 per $100 face , so the
value in ~53 years has gone down 12-13 times.
This explains money and currency are two different things.
Crypto's could never be either.
BigBarney
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Good one BB, but derivatives have made it essential that we keep going for now. DB is on the verge of bringing the house down. The point is govts can control bitcoin just like they did gold.
Governments can't control gold it is too dispersed and a small amount
holds a large value in other fiat currencies . People will not give up the one
thing they own that will maintain its buying power no matter what fiat unit
is used anywhere in the world. Easy to store , does not degrade , valued in
every country , what ever could replace it. Currency is for daily use in the
economy , fiat of the day , but your "REAL MONEY" should be in hard assets
that keep pace with inflation like land , metals , houses , etc.
BigBarney
holds a large value in other fiat currencies . People will not give up the one
thing they own that will maintain its buying power no matter what fiat unit
is used anywhere in the world. Easy to store , does not degrade , valued in
every country , what ever could replace it. Currency is for daily use in the
economy , fiat of the day , but your "REAL MONEY" should be in hard assets
that keep pace with inflation like land , metals , houses , etc.
BigBarney
In 1934 some people did give up their gold , but many did not , judged
by the availability of many gold and silver pieces on the market now.
These were held by people , who valued what they had worked for and
would not surrender their life savings to the government at any cost.
How would a government even try to get at this wealth which is real money
because no records are kept on transactions ?
One of the best ways to hold "REAL MONEY" is in the form of junk silver ,
1964 and older silver 90% , easy to buy and sell at any time. You can buy
bags of $50- $1000 face value for the scrap silver 715 oz per $1000 face. You
will pay about $0.25 - $ 1.00 over the spot price at the second of the transaction
per OZ. $1000 of junk silver weighs about 54 pounds.
https://www.huffingtonpost.com/colm-mulcahy/a-pou ... 88962.html
ALL common silver coins are interchangeable in a bag but are usually sold as one denomination
per bag , with most people preffering the larger coins like dollars or halves , and usually at a
slightly higher premium over spot.
BigBarney
by the availability of many gold and silver pieces on the market now.
These were held by people , who valued what they had worked for and
would not surrender their life savings to the government at any cost.
How would a government even try to get at this wealth which is real money
because no records are kept on transactions ?
One of the best ways to hold "REAL MONEY" is in the form of junk silver ,
1964 and older silver 90% , easy to buy and sell at any time. You can buy
bags of $50- $1000 face value for the scrap silver 715 oz per $1000 face. You
will pay about $0.25 - $ 1.00 over the spot price at the second of the transaction
per OZ. $1000 of junk silver weighs about 54 pounds.
https://www.huffingtonpost.com/colm-mulcahy/a-pou ... 88962.html
ALL common silver coins are interchangeable in a bag but are usually sold as one denomination
per bag , with most people preffering the larger coins like dollars or halves , and usually at a
slightly higher premium over spot.
BigBarney
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An investment that has gone precisely nowhere in the last decade. This is despite continual blethering about silver shortages from the "experts" and constantly complaining about JPM manipulation. Just for chit an giggles I phoned Dart coin down the road. I stated I had cash and wanted bags of junk silver. NO problem... GATA is a farce too.