Bitcoin repurchase agreements... Bitcoin sale leasebacks... Bitcoin rentals... is that sort of what BlockFi is doing... except with basic Bitcoin backed USD loans?
I swap my Bitcoin with John Smith for an asset for an agreed upon term. At the end of the term, John and I agree to swap the collateral back to each other... can all of this be done outside the realm of capital gains? Is this another way to unlock the value of Bitcoin?
"They" don't fucking get it. Bitcoin is backed by the most powerful computer network on the planet. These countries toying with the idea of issuing crypto/digital currencies have no idea what the fuck they are doing. Period.
So.. I just got these what I'm assuming is a domestic presses euro bitcoin atoms(light pink,orange,blue,green and white) I also have this 100 bills I'll post separately. As well as these Ironman with blank backs line down the middle and donkey Kong same back and colors just curious anyone Test scal
I’m pretty sure they not mdma but have anyone tried these the bitcoin got glitter all through it and the super man is fat add with a slit in the back I crush a little off both and snorted and it burnt and adderall never burns so what could it be.
"They" don't fucking get it. Bitcoin is backed by the most powerful computer network on the planet. These countries toying with the idea of issuing crypto/digital currencies have no idea what the fuck they are doing. Period. /r/Bitcoin
I got back into bitcoin because of the recent news. But it's unusable in the state that it is in today. Most alt coins all claim do do some extraordinary new thing, where I just want to be able to pay for stuff anonymously with mine. What's the best coin for just regular joe schmoe like me?
The REAL problem with bitcoin today is that we went from Satoshi, who believed the WORLD! could be changed to someone who claims to have proven that impossible (Greg Maxwell) and another who just invented HashCash (Adam "What the feck is hashcash?" Back)
The latter of which is also willing to trade principles for situations that benefit them short term. (Long term/Clear as day Censorship) Who waste investor cash on renting satellites that claimed to bring bitcoin to the unbanked... and only meant it literally. Shame on blockstream, shame on core, shame on bitcoin, shame on bitcoin.org, shame on bitcointalk.org
@MarkDice: RT @getongab: Patreon is more or less a glorified Wordpress blog with a paywall built on the back of Stripe+ Paypal+ an email service. If you can replace the payment level (with bitcoin) you can replace and replicate Patreon very easily. Which is what we intend to do.
@MarkDice - January 01, 2019 at 09:52PM RT @getongab: Patreon is more or less a glorified Wordpress blog with a paywall built on the back of Stripe+ Paypal+ an email service. If you can replace the payment level (with bitcoin) you can replace and replicate Patreon very easily. Which is what we intend to do. Patreon is more or less a glorified Wordpress blog with a paywall built on the back of Stripe+ Paypal+ an email service. If you can replace the payment level (with bitcoin) you can replace and replicate Patreon very easily. Which is what we intend to do. — Gab.com (@getongab) January 1, 2019
Noob Question: Number of unique addresses are back to almost pre Jan 2017 level. I am not sure what it exactly means. My guess is that they only count wallets with non-zero bitcoins. Doesnt it mean we lost almost all the users that we had gained over last year. Please correct me what I am missing.
Just a few days ago, CNBC "buried" Bitcoin deciding that the crypto story is over with the market cap falling three times since January. But let's take a step back and try to see a bigger picture. What happened, and what should we expect next?
Honestly, the more I read into buttcoin the more sketchy and brilliant it comes across. The points have already been stated here (wanna buy some 1s and 0s with no intrinsic value, not protected by any financial institution, not backed by any government?) so I won't dwell on that. What I wanted to post about was how it's such an ingenious scam: a perpetual, decentralized, headless, slow-boil pyramid scheme. A few frenzied libertarians and nerds sniffing their own farts put money into a genuine (if unscalable and inefficient) technology. This makes news, which attracts some speculators. Amount of money going in generates hype, more news, and brings in normies and more speculators. Value begins to go up, larger entities (companies/wealthy entrepreneurs) invest. Value goes up further. Pyramid reaches final stage as last wave of suckers buy bitcoin at ridiculous prices, convinced this slow, insecure, power-hungry, uninsured, volatile, awkward, unregulated digibuck is gonna replace existing financial systems that answer all bitcoin's shortcomings. The faster and savvy companies and entrepreneurs pull the rug out from the rest of the userbase and the pyramid collapses. Digibuck loses nearly all its value. But, a few frenzied libertarians and nerds sniffing their own farts put money into... Aaaaand on and on. If you look back at the first time the pyramid collapsed, there was a decent progression until around September 2017 when things went fucking crazy leading to the massive price in December 2017, at which point the pyramid scheme winners took their cash and run. So, around three months. People bought into the pyramid scheme again around March 2019, but were a bit more conservative - the price didn't shoot up nearly as high or as fast. Three months later, the pyramid started to topple again, but more slowly and not as devastatingly. It fluctuated after that until a low in March this year. Since then people have been pumping money into the scheme. People are anticipating a big spike, I guess soon we will start to see a big influx of people because it's been "relatively stable" lately, with the pyramid people patiently waiting for a payoff rather than chipping away at the foundation. Of course, as soon as the spike happens it will be a massive plunge down as the pyramid collapses, similar to what we saw in Dec 2017. But, it seems to be an unkillable scam. Even though there's nothing of actual value behind this con, it seems to have really good staying power because it is really hitting some powerful buttons in people's brains:
Get Rich Quick: Yes, even though it is a scam, there are going to be those successful few who walk away with other people's money. If people want to literally gamble by playing chicken with "currency" exchanges, then that's fine (maybe they'll even get luck and win big), but these people need to admit to themselves that bitcoin is only that - gambling. Not an asset, not a currency.
Ideology: It's not just your standard con, it's also bundled itself up with ideals and religiosity. It's an idea! The Internet of money! Libertarianism, utopia, revolution!
Technology: It comes with a veneer of authenticity because it has some real technology supporting it (even if the technology is just...not that great). People are really blown away when they hear vague descriptions of blockchain, words like "node" and "mining" and "private keys".
Hatred: Buttcoiners can be really motivated by hate and bitterness. Their hatred of "greedy banks" and "thieving governments" (legitimate or otherwise, your mileage may vary) seems to really move money.
Fear: If you don't invest in buttcoin, all the money in your bank account with inflate and wither away to nothing! Because inflation is real and not a fabricated boogeyman makes the scam seem more appealing.
In looking over those points, I'm not sure whether it's the technology or ideology that's what's really keeping people from seeing through this con. I mean, anyone could start their own super-duper-coupon company that will only ever produce 21 million coupons. Ok, so the coupons are actually worthless, but if I tell people that one day everyone will use the coupons then suddenly they must have value right? Sounds ridiculous, but if I then say that the super-duper-coupon will be using revolutionary new digital protection, and be supported by a distributed database all over the world, and no government can forge or steal your coupons because of this new zipity-zoop-21 protocol I just developed, suddenly it sounds slightly more appealing. Could just as easily be the ideology though that keeps this con running even after each blow. The amount of purple prose bullshit about freedom and brave new worlds and unlimited prosperity is just crazy. Anyway, I've rambled enough, but wanted to get some thoughts out there after bitcoin enthusiast friends were encouraging me to invest and I did the research. https://preview.redd.it/ucvix7hwwju51.jpg?width=500&format=pjpg&auto=webp&s=220789d26b6f564783dbaef8044e88ca238f0f76
What is going out with Cryptos this AM: Cryptocurrencies are bouncing back from yesterday’s late day slide as Bitcoin Cash futures are set to start trading on Crypto Facilities platform at 11am EST
Binance is launching a JV with Liechtenstein Cryptoassets Exchange (LCX) to launch a fiat to cryptocurrency exchange, Binnace LCX. The exchange/platforming will be based in Liechtenstein and offer trading between Swiss Francs (CHF) and euros (EUR) against major digital currencies pairs with the potential for new trading pairs in the future.
Boston Consulting Group (BCG), in a paper published yesterday, argues that while there are good reasons to use blockchain technology when trading commodities, it will be hard to get widescale adoption given the amount of capex that already been poured into the IT systems of existing trading platforms/desks.
Crypto Facilities, the UK-based crypto futures exchange and a CME partner, is adding Bitcoin Cash to its platform. The cryptocurrency will begin trading today at 4PM BST.
The Ethereum community continues to struggle with DApps topping the number of downloads on the blockchain network that are promising investments with high returns that turn out to be fraudulent. As an example, Team JUST, the anonymous development team behind the gambling DApp FOMO 3D is warning that an indentical version of its game is eating up 1/3 of the Ethereum network’s total computational power and raising USD$7mm over the past week.
Genesis Mining, an Iceland-basd hashpower hosting service, is forcing customers to upgrade their Bitcoin mining contracts following this year’s drop in cryptocurrency valuations. The company is discounting the upgrade price of its Radiant service per 1 TH/s to USD$180 from USD$285. In 60 days, Genesis announced it will terminate open-ended contracts that mine less than the daily maintenance fee.
JD.com is launching a blockchain-as-service platform along with an app (it’s first) that will digitally track Fapiao, Chinese corporate invoices that are used both as references for bookkeeping and taxation purposes. JD will be tracking the invoices for one of the largest publicly traded insurance companies in China.
Pantera Capital partner Paul Veradittakit tells TechCrunch that its third venture capital fund could grow to as much as USD$175mm. Currently, the fund stands at ~USD70mm.
Ripple Labs has endorsed three cryptocurrency exchanges, Bittrex, Bitso, and Coins.ph as its preferred partners for transactions with Ripple’s xRapid payments system. Management at Ripple Labs is encouraging users in the US, Mexico and the Philippines to use these exchanges while transacting with xRapid. XRapid is a solution for Ripple’s blockchain-based real-time gross settlement system and is meant to facilitate international fiat transfers between financial institutions.
Tokens are up 50% against the USD$ over the past 24 hours with VeChain, Ontology and PundiX leading the rally.
What is Bitcoin Backed by – the Bottom Line. In conclusion, like any contemporary fiat currency Bitcoin is not backed up with tangible assets. However, it is backed by the more powerful and independent market. It is still in the making, but soon it will become a more reliable guarantee than any state. But if Bitcoin is not backed by anything, what it is backed by? Before we answer that question, there is an elephant in the room we must address first. The myth of fiat currency. If you ask anyone ... Is Bitcoin backed by mathematics? Like the US dollar, Bitcoin is not backed by a physical commodity, and instead derives its value in other ways. Since Bitcoin doesn't have a centralized entity that enforces its value and it isn't backed by any commodity, many people mistakenly believe that this means Bitcoin doesn't have any value. However, Bitcoin currently has an individual unit value of ... Bitcoin is the first metric unit for communicating value – amongst other features, Bitcoin is backed by its confidence in monetary policy. This will not happen overnight. It'll take several generations. When the unproven benefits of changing financial systems outweigh its enormous costs, the pieces fall into place. My eyes are on Venezuela The last few years have seen the creation of blockchain projects that claim to have tokens backed by physical gold. In October, Coinshares and Blockchain.com launched a digital gold token (DGLD ...
Join us every Wednesday by tuning in to 1100 AM KFNX radio station in Phoenix, Arizona for our weekly cryptocurrency talk show. We cover various topics such as Bitcoin, wallets, hardware, etc. Bitcoin critics worry that nothing backs bitcoins - "there's nothing there." While bitcoin supporters respond that "nothing" is also exactly what backs those... What is bitcoins intrinsic value? Is bitcoin backed by anything? This video is unavailable. What is Bitcoin Circuit? When undertaking our investigation, the first thing we wanted to know was “What is Bitcoin Circuit?” . We have come across numerous trading programs in the past, but ... Bitcoin is backed by a computer network, encryption, people who have or support bitcoins, time, energy, notoriety, the demand for a sound digital currency, the free market, etc.. Is there anything...