Bitcoin

[goose]

"Bitcoin went past $23,000 today. I've made just over £400 today trading it from the comfort of my sofa. other cryptocurrencies have been flying as well. short term fad or long term alternative currency??"

[Stepney.Ammer]

XRP is the crypto to keep an eye on...

[BRANDED]

noted Thanls for your contribution

[Side of Ham]

"No worries Brandard information, you get caught with your flies down a lot on here so someone has to let you know......"

[BRANDED]

Noted. Thanks for your contribution

[Side of Ham]

Brandard information there AGAIN.....

[BRANDED]

Its a rare easily tradeable highly marketed asset. Its not going away. It just depends on what any government might or might not do.

[Darby_]

"""But you are an idiot if you think it'll be dead in a year. Pretty sure you said that last time, you lunch."" Nah, this pump and dump bubble will be dead. Now that the price has been pumped up through market manipulation, the exit scams will start, but like they did during the last bubble. Like this character who pocketed $250m and faked his own death. https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten"

[Darby_]

"""But you are an idiot if you think it'll be dead in a year. Pretty sure you said that last time, you lunch."" Nah, this pump and dump bubble will be dead. Now that the price has been pumped up through market manipulation, the exit scams will start, but like they did during the last bubble. Like this character who pocketed $250m and faked his own death. https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten"

[Cheezey Bell-End]

"The previous peak was 2017. It formed a spike that quickly collapsed. About a year later it dumped again. It's always going to fluctuate, but the market is changing. There's a lot more awareness and institutional money in it. So while there will be big movements the range will likely remain much higher than before."

[BRANDED]

The only thing I would say to people is that bit coin was at about the current price in 2018 and then crashed. If you can guess what the market is doing on this one good luck.

[Cheezey Bell-End]

"People have invested loads of money into mining, but I suspect a new generation of computers will find the remaining combinations relatively quickly."

[Cheezey Bell-End]

"I'm not an expert on crypto mining, but I know it means hunting for number combinations that meet criteria that will be validated by the Blockchain, and which can be stored in a limited number of bytes. A bit like hunting for prime numbers with a natural upper limit."

[BRANDED]

"""with central banking and fractional reserve lending by producing money out of thin air"" This really only depends who the money goes to. Its relatively tightly controlled for the masses but lf you are in the know and properly connected you can get access to a lot of it."

[Golden Oldie]

"Cony Tottee I don't pretend to know a lot about bitcoin but it apparently has a finite amount in circulation so in theory you can't ever have more bitcoins in circulation than actually exists. Whereas with central banking and fractional reserve lending by producing money out of thin air as it does it undermines the global currency with each and every extra penny/cent contributes to your actual cash being worth less and less with each note produced. Bill earlier mentioned the blockchain platform, that is definitely the future especially in the technocratic age we're being steamrolled into."

[BRANDED]

You mine it on a computer. You need more and more computing resources to mine it. This means it becomes more and more scarce.

[Northern Sold]

yapping this morning to me best MATE who WAS massive in the oil indusrty... knows all these lads... seems like the regulators after them after they cleaned up nigh on £500m on one trade... good luck to them https://www.dailymail.co.uk/news/article-9066923/TOWIE-oil-traders-make-487million-day-face-lawsuit.html

[Cony Tottee]

As someone who knows fuck all about Bitcoin can someone please explain how it's made and why don't people just make more?

[Coffee]

"Golden Oldie 12:23 Fri Dec 18 :-) That's not actually what I meant, but I enjoyed your response."

[BRANDED]

But there are around 4 billion in the middle classes now? If you are talking about American middle classes being shafted by their system then its a complex story but they are still better off than most.

[Golden Oldie]

"branded I could rant for days about this but I'll just C&P this review for its concise simplicity and brevity as it pretty much lays out the argument against the misunderstood nature of this criminal licence to produce money backed by nothing out of thin air with every penny borrowed by governments offset and passed onto the taxpayer. ""The combination of central banking and fractional reserve lending (whereby banks lend up to 10 times as much money as they actually have in real capital assets) has been one of the most destructive forces in western civilisation. Although declared legal and sanctioned by modern governments, it is inherently fraudulent, and it is the means by which banks and government collude to create virtually unlimited piles of money to fund their projects (wars, economic development, profitable loans, etc) without raising taxes directly. Instead, the citizens pay it all through inflation--that insidious, indirect tax that few laymen understand or detect. As one of the back-cover blurbs puts it, this book is a ""murder mystery about the financial 'murder' of the middle class."""

[BRANDED]

GO No matter how you look at it we have billions more people in the middle classes with health generally good for most and a huge number of positives for the human race ( this year being a blip and obviously why I have been a little irate ). I do think that central banks have generally been a positive force but without an alternative history ( like Sweden for example this year ) you cant really judge too well. The problem for me is not the printing of money but the education of the people.

[Block]

"Bet the bloke who used CC to trade initially for drugs etc knew it would explode as much as it has done. The Silk Road, what a book."

[Vexed]

"It's interesting reading some of the absolute bilge on here. ""There's not enough of it to be used as currency"" ""You cant do anything with it except sell it"" ""With Gold you can make stuff out of it and take it anywhere and it'll be worth money"" Chucklesome stuff."

[BRANDED]

The register is an interesting idea but has yet to really get going. Its been heralded in everything from finance to music rights to free and fair democratic elections but for some reason the people who benefit from the current systems dont seem quite so keen. One day

[bill green]

and GO yes I'll read that one too thx