Ether and bitcoin

[Klause]

Should have put all the money spent on inputs into Ether.


Could have bought in at $15. Sold out early September at close to $400.


Crypto currency may be the best way to defeat government. Can't tax what you can't trace. Already know of ag commodities being bought and sold using crypto in less than ideal economies. Why not here?

[Klause]

There's a new ICO pretty much everyday never to late to exchange a bunch of zeros and ones into a different bunch of zeros and ones. Dont forget your password know of a guy that misplaced over a 100 Bitcoin. If you ask me they will one day revert to their intrinsic value of zero like all other currencies not found on the periodic table. If played right could be a fun ride though. Buy the F'ing Dip!

The ICOs are crazy... But I don't think crypto is going anywhere... Not with how crazy the real world has become... I think it'll change names and mskr a bunch of broke people in the process though

[blackpowder]

I remember one winter in camp people buying Iraqi dinars like mad.......
Ah, if your aunt had nuts.
She'd be your uncle....

[FertaCloud]

Had a meeting with a bank that finances fertilizer over here, and they said seems all the banks are joining in the crypto action now to see if its feasible for commodities trade or not (exchange of Bill of lading).

https://insights.cegeka.com/news/amsterdam-trade-bank-cegeka-blockchain-commodity-trade-finance-application https://insights.cegeka.com/news/amsterdam-trade-bank-cegeka-blockchain-commodity-trade-finance-application

[sumdumguy]

[QUOTE=FertaCloud;357050]Had a meeting with a bank that finances fertilizer over here, and they said seems all the banks are joining in the crypto action now to see if its feasible for commodities trade or not (exchange of Bill of lading).

https://insights.cegeka.com/news/amsterdam-trade-bank-cegeka-blockchain-commodity-trade-finance-application https://insights.cegeka.com/news/amsterdam-trade-bank-cegeka-blockchain-commodity-trade-finance-application[/QUOTE

I guess they can accept anything they like long as I get paid in American dollars in my hand.

[sumdumguy]

What can you buy with a dollar of bitcoin? How do you rate value?

[Klause]

What can you buy with a dollar of bitcoin? How do you rate value?

One Bitcoin is worth $4180 USD right now


It's value is set like any other currency… it's in a huge bubble…

[farmaholic]

One Bitcoin is worth $4180 USD right now


It's value is set like any other currency… it's in a huge bubble…

Then if there's any liquidity, get the **** out!

[farmaholic]

Thats exactly what I think about the dollar.

CAD or USD?

You could always buy more inflated farmland. ;-)....AND farm it!

[sumdumguy]

CAD or USD?

You could always buy more inflated farmland. ;-)....AND farm it!

What - And suffer some more. 🙀

[sumdumguy]

I am going to spend the winter in Trinidad mining bitcoin because power is so cheap there.

[Klause]

I am going to spend the winter in Trinidad mining bitcoin because power is so cheap there.

Easier to mine etherium now. Bitcoin is a waste of time even with a powerful mining rig.


You're free to do as you please of course. Just saying

[macdon02]

The problem with crypto is govt can say it's worthless at the drop of a hat. Stick with reserve is much safer

[FertaCloud]

One Bitcoin is worth $4180 USD right now


It's value is set like any other currency… it's in a huge bubble…

Agreed, huge bubble. If people were actually able to use bitcoins to buy everyday things i guess it would have value, but in the end if everyone is just turning it back into USD's, its worthless. Not to mention Bitcoin can be copied and soon every tom,dick, or harry will have their own "crypto" coin removing the scarcity idea.
Tulip mania all over again.

[taptout]

The problem with crypto is govt can say it's worthless at the drop of a hat. Stick with reserve is much safer

They can only drive it underground and
can only really control it by controlling the internet. Good luck with that.