Bitcoin and Cryptocurrency Thread

[Brehvolution]

It's the way it should be, but it's not yet. And being 'hopeful' that the feds will help get your stolen coin back(that has probably changed hands a few times) is laughable at best.

[Assimilate]

Altra,  i'm going in 1k more on RLC.

This better work out !

[Atramental]

https://twitter.com/coinbase/status/1006344839569403905

What kind of schmucks are running coinbase? Jesus. 

Like bitcoin and bitcoin cash wasn’t confusing enough for the average low information buyer.

[Assimilate]

https://twitter.com/coinbase/status/1006344839569403905

What kind of schmucks are running coinbase? Jesus. 

Like bitcoin and bitcoin cash wasn’t confusing enough for the average low information buyer.

uh, is it time to buy ethereum classic? 

[Atramental]

You can if you want but I personally wouldn’t bother with it.

edit: it looks like it's about to dump.

[Assimilate]

You can if you want but I personally wouldn’t bother with it.

edit: it looks like it's about to dump.

yeah but eventually it will go up. it can easily hit 100 once on coinbase

[Atramental]

I have my doubts about that. 

It's all time high didn't even scratch $50.

[Atramental]

http://www.coincalendar.info/events/iexec-rlc-rlc-mainnet-launch/

For RLC, keep an eye on it for June 18th.

[Assimilate]

http://www.coincalendar.info/events/iexec-rlc-rlc-mainnet-launch/

For RLC, keep an eye on it for June 18th.

yeah im' about to throw in another 1k

[Joe Molotov]

How's PotCoin doing?

[Atramental]

It got a little bump from Rodman’s tv appearance. 

But overall it looks like your typical pump and dump shitcoin. 

[warcock]

Sad that burst HF not getting more love. I was hoping for a bit of trend independence from btc after upgrade. Not yet. Just hope PoCC dosent pull the plug after all that effort without reward.

[Atramental]

https://www.burst-coin.org/

Looks like Burst redesigned their site. Looks good.

I'm still holding about 168,700 burst coins and secretly hoping it hits .10 to .50 cents EOY. 

[Assimilate]

This is an ugly fucking slide.

[Atramental]

I'm back in the four figure pit again.

[Assimilate]

I'm back in the four figure pit again.

I knew i should have cashed out when that bump happened. God i keep making the same fucking mistakes 

[Atramental]

I should've as well but I didn't want to keep on moving from alts to bitcoin to USD due to the tax implications. 

edit: the fact that almost everything is STILL tied to bitcoin is a fucking travesty. There's so many promising projects that get wrecked whenever bitcoin shits itself.

[Assimilate]

I should've as well but I didn't want to keep on moving from alts to bitcoin to USD due to the tax implications. 

edit: the fact that almost everything is STILL tied to bitcoin is a fucking travesty. There's so many promising projects that get wrecked whenever bitcoin shits itself.

I'm legitimately confused by your crypto goals though. Do you own your own/home apartment? do you have school loans to pay off? I mean, you had 22k that's a nice downpayment on a condo to live in or to rent out.

What's your ultimate plan?

[Atramental]

I rent. I have zero school loans to pay off.

Basically I'm just keeping my money in crypto so I can use that money to pay off my taxes for next year's tax season since I had about $50K (in gains) beginning of January... and perhaps regain that $7K I lost to taxes this year.

I should've pulled out the $22K but I would murder myself if I missed out on another bull run similar to 2017's.

[zomgee]

I should've as well but I didn't want to keep on moving from alts to bitcoin to USD due to the tax implications. 

edit: the fact that almost everything is STILL tied to bitcoin is a fucking travesty. There's so many promising projects that get wrecked whenever bitcoin shits itself.

I'm legitimately confused by your crypto goals though. Do you own your own/home apartment? do you have school loans to pay off? I mean, you had 22k that's a nice downpayment on a condo to live in or to rent out.

What's your ultimate plan?

[Assimilate]

I rent. I have zero school loans to pay off.

Basically I'm just keeping my money in crypto so I can use that money to pay off my taxes for next year's tax season since I had about $50K beginning of January... and perhaps regain that $7K I lost to taxes this year.

I should've pulled out the $22K but I would murder myself if I missed out on another bull run similar to 2017's.

next time you have the chance to pull something like 20k out grab that shit and plunk it down on a condo with 2 bedrooms. Rent the other room out so that money can pay for your mortgage. In a few years you'll own it out right.

That's what i did. I got a place for around 80k during the crash, it's now worth 230k.  I rent it out for $1600 a month while i live in another country for the time being.

[Atramental]

I'm not going to be able to afford a condo. Half of that $20K will (or would) be going to taxes next year to pay off the $50K "realized gains" that I lost at the beginning of 2018.

The rest will be going towards hardware, software, and other assets I need in order to land a better/higher paying job outside of my state. Or setting up an ecommerce site where I would sell digital design assets off of.

Also, I would probably kill myself if I further anchored myself down in my hometown by buying a house here. If I end up living here past my 30s I have officially failed as a person.

[Assimilate]

I'm not going to be able to afford a condo. Half of that $20K will (or would) be going to taxes next year to pay off the $50K "realized gains" that I lost at the beginning of 2017.

The rest will be going towards hardware, software, and other assets I need in order to land a better/higher paying job outside of my state. Or setting up an ecommerce site where I would sell digital design assets off of.

Also, I would probably kill myself if I further anchored myself down in my hometown by buying a house here. If I end up living here past my 30s I have officially failed as a person.

It's not about living there forever, but you can rent it out.

I feel yea though. It's probably best to gtfo of there as soon as possible. "Hometowns" should never be lived in.

[Assimilate]

You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

Savings? You said savings? Who has that these days?


 

[HardcoreRetro]

Look at his tag. He's doing exactly what he says he will.

Wait for another crash, watch him post 20 unfunny cryptocurrency memes and then people have to talk him out of killing himself in the depression thread. It's entertainment for the entire family.

Money well spent. Keep doing you! 

[Assimilate]

In all honesty i used to think i needed a lot of money, i'm starting to think otherwise. My free time might be more important to me.

I'm content with having a nice apartment/condo with just enough space but not too much space where it's a hassle to maintain, which is close to the beach, with a gym around the corner. I'm good.

[headwalk]

i work freelance and free time is essentially my most expensive luxury item. could be earning double what i do if i did the same number of days as the average 9-5er.

at least until i see a 1982 silverburst les paul custom in a shop window.

[Atramental]

You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

 


edit: Also, I don’t have 7 years. I have this year and then I’m out for good.

[Nintex]

What surprises me about Crypto is that it doesn't seem to be tied to any 'real world' conditions.
When something like Italy voting weird happens and the Euro is shaky again I expect Crypto go up but it doesn't.
It seems entirely depended on the memeconomy and Grog

[Tasty]

What surprises me about Crypto is that it doesn't seem to be tied to any 'real world' conditions.
When something like Italy voting weird happens and the Euro is shaky again I expect Crypto go up but it doesn't.
It seems entirely depended on the memeconomy and Grog

The hallmarks of a stable currency, surely.

[Atramental]

https://en.decentral.news/iexec-blockchain-based-cloud-computing/

[naff]

You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

I agree, he should def just realise when he can.

But there is still a lot to be gained in a fake money pool with 250 billion real moneys worth of fake monies floating around. But not for ppl in Atras position. This is a whales market.

[Atramental]

The two coins I'm heavily invested in, iExec/RLC and Burst, are both blockchain-agnostic. Meaning, they can function with or without the blockchain.

From that article I linked to:

"The challenge iExec is facing is that they are trying hard not to be a blockchain project. Instead, they want to be referred to as a project that only uses blockchain. This is because they want to always be players. Moreover, they want to target the decentralized economy and provide a new paradigm in consuming computing resources.

Another big challenge is reaching the enterprise level as soon as possible. However, they have started working with a few companies like Intel to ensure that this happens. The fact that iExec is working towards this challenge, shows that they really are intending to become the world’s premier decentralized computing market.

The future looks exciting for iExec. If you are a decentralized business or intending to go into that industry, iExec is definitely your best option."

edit:
Assimilate, another date to look forward to is October 18th of this year:
https://coinmarketcal.com/?form%5Bdate_range%5D=13%2F06%2F2018+-+01%2F09%2F2021&form%5Bcoin%5D%5B%5D=iExec+RLC+%28RLC%29&form%5Bsort_by%5D=&form%5Bsubmit%5D=

[Assimilate]

You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

I agree, he should def just realise when he can.

But there is still a lot to be gained in a fake money pool with 250 billion real moneys worth of fake monies floating around. But not for ppl in Atras position. This is a whales market.

Everything is a fucking whales market in this global economy. It doesn't mean you can't make money. You easily can.

[Atramental]

https://qz.com/1298221/china-is-suddenly-full-of-nice-things-to-say-about-blockchain-technology/

[Tasty]

https://www.theverge.com/2018/6/14/17464426/stephen-bannon-white-house-trump-bitcoin-deplorables-ico-italy-coin

[Kara]

blockchain

إسناد

[brawndolicious]

What's an asnod?

[Kara]

The chain of transmission for Hadith.

https://www.britannica.com/topic/isnad

[Joe Molotov]

What's an asnod?

About three pounds.









Wait, no, I told it wrong.

[naff]

You fucking moron. You absolute dipshit. You know how many people would kill for that kind of savings bucket? Put literally all of that shit in a diversified stock portfolio and let it double every 7ish years. And take some of that and MOVE. There is nothing to be gained from crypto currency anymore, the bubble is over.

I agree, he should def just realise when he can.

But there is still a lot to be gained in a fake money pool with 250 billion real moneys worth of fake monies floating around. But not for ppl in Atras position. This is a whales market.

Everything is a fucking whales market in this global economy. It doesn't mean you can't make money. You easily can.

totes, but a high risk investment is not what you want to be doing when you're depressed already and a little bit fucked financially IMO. crypto is a lot more top heavy than traditional markets (~250 addresses own the majority of btc), with 0 regulation. they're just fucking with you at this point. you can get lucky for sure, but it's way more of a gamble than crypto bros paint it. you could easily lose money as much as you can easily make it, and you have little agency in the matter.

take your reasonable win, get into stable investment, focus on good living and smangin' some single moms breh

[naff]

idk, at least diversify a bit. or take a holiday to SE Asia or some shit.

im not good at saving, but i am at least starting to look at buying a house and can prolly save another 20k or so this year after i pay off my student loan. i would be sweating bullets if that money was in crypto. it seems atra is too. based on what i'm seeing in here, it seems there's a bit of sunk cost fallacy at play in staying in the market right now.

[Atramental]

Fuck the whales. I’m captain Ahab in this bitch.

[Atramental]

https://medium.com/iex-ec/iexec-dev-letter-21-v2-mainnet-security-audits-whats-next-380f96d02e86

>Connect Your Machines and Earn RLC

>To celebrate this mainnet launch, a Worker Airdrop will be organized soon!

>This worker airdrop is an opportunity for you to register your machines as public workers before the official release of public worker pools in September. You’ll be able to run works and get rewarded in RLC. Some random works will have an inflated amount of RLC attached to them for you to seize.

>In the coming weeks, we will configure a workerpool specifically dedicated to this contest. We will choose an application for the airdrop, define an RLC reward policy for participating workers, dry run it on test network and test workers beforehand, prepare out-of-the-box worker clients in order for everyone to participate, prepare the associated marketing… and launch it. Stay tuned for more details!

If you have a nice high end computer there will be an opportunity to earn RLC with it in July.

[Assimilate]

This thing hasn't budged. 

[Nintex]

Whenever Crypto comes up I always tell people to 'buy'. I believe that is the only way to keep this thing going.
However, folks have catched on to the fact that it isn't moving much (at all) anymore.

People in crypto have also stopped looking at their charts and phones at parties every few seconds to see their gains.

I'm getting worried but you should all buy.

 

[Atramental]

During times of peak negativity/apathy are usually the best times to buy.

[Assimilate]

During times of peak negativity/apathy are usually the best times to buy.

Yeah well we are definitely in negativity right now. Iexec is fucked

[Atramental]

I’m still hopeful overall.

I was accumulating RLC when it was going sideways between February and April.

I’ll probably accumulate more when it begins to go sideways again.

[Nintex]

South Korea is investing in blockchains and coins. 

[Atramental]

It's going to enable off-chain processing for ETH, but their endgame is edge/fog computing. It's essentially next-gen cloud infrastructure, which by the way is being developed by iExec, IBM, Microsoft, Samsung, Intel and CISCO_FUCKING_SYSTEMS. Why is this huge? Well. 80% of the world's data is handled by Cisco routers and switches. Now iExec is working with all these behemoths side-by-side @ OpenFog consortium. If these guys want to push new tech, you'd be an absolute distinguished mentally-challenged fellow betting against them.

Imagine you're a datacenter. Now what does it cost to run it all? Literally hundreds of millions to build it and then some more to keep it running. Now imagine you could provide hosting and computing (Amazon Web Services, Netflix runs on it for example), without having to build a huge fucking datacenter. You just rent any goddamn hardware that is idling anywhere in the world to provide your service.

Now, you don't pay for infrastructure. So you cut your prices down. You become appealing to customers. You grow. You become the airBnB and Uber of data networks/service providing.

What do you need the tokens for, you might ask? Well let my autistic-as-fuck ass tell you.
It's to pay the hardware owners for computational cycles. Just like mining, but actually doing work and not wasting electricity for frivolous shit.

Oh, this sort of network model is also ABSOLUTELY CRUCIAL to IoT, since it kills all sorts of problems associated with latency and security. FUCK. This project makes my dick hard.

http://boards.4chan.org/biz/thread/9976984

[benjipwns]

https://store.steampowered.com/app/820750/Cryptocurrency_Clicker/

[brawndolicious]

So why don't the data center owners just make their own proprietary coins?

[zomgee]

PiedPiperCoin already did it.

[Brehvolution]

It's going to enable off-chain processing for ETH, but their endgame is edge/fog computing. It's essentially next-gen cloud infrastructure, which by the way is being developed by iExec, IBM, Microsoft, Samsung, Intel and CISCO_FUCKING_SYSTEMS. Why is this huge? Well. 80% of the world's data is handled by Cisco routers and switches. Now iExec is working with all these behemoths side-by-side @ OpenFog consortium. If these guys want to push new tech, you'd be an absolute distinguished mentally-challenged fellow betting against them.

Imagine you're a datacenter. Now what does it cost to run it all? Literally hundreds of millions to build it and then some more to keep it running. Now imagine you could provide hosting and computing (Amazon Web Services, Netflix runs on it for example), without having to build a huge fucking datacenter. You just rent any goddamn hardware that is idling anywhere in the world to provide your service.

Now, you don't pay for infrastructure. So you cut your prices down. You become appealing to customers. You grow. You become the airBnB and Uber of data networks/service providing.

What do you need the tokens for, you might ask? Well let my autistic-as-fuck ass tell you.
It's to pay the hardware owners for computational cycles. Just like mining, but actually doing work and not wasting electricity for frivolous shit.

Oh, this sort of network model is also ABSOLUTELY CRUCIAL to IoT, since it kills all sorts of problems associated with latency and security. FUCK. This project makes my dick hard.

http://boards.4chan.org/biz/thread/9976984

[Assimilate]

iExec at .77 cents

 

[headwalk]

what an incredible bag filling opportunity to expand your vast crypto wealth.

[benjipwns]

https://www.wired.com/story/did-satoshi-nakamoto-write-this-book-excerpt-a-wired-investigation/

[Atramental]

https://www.cnbc.com/2018/07/11/start-up-exec-says-his-call-for-60000-bitcoin-is-still-possible-this.html

Bitcoin is only $6,100+ today. I hope you fence sitters get in while it’s still cheap. 

[headwalk]

you'd be better off stocking up on fidget spinners.