Jump to content

Log in or register to remove this advert

The Crypto coin thread


Rob D
 Share

Recommended Posts

1 minute ago, Rob D said:

 

Nope! - it is EXACTLY like gold - there is a finite number of Bitcoin - and each year it gets harder and harder to mine it and less and less is mined until 2040 when it will be unable to be mined.

 

It is impossible to increase this figure.

oh right so in 2040 on chainsawbars.uk I will be able to order a new battery topper and pay 0.000000437456 BTC

Link to comment
Share on other sites

Log in or register to remove this advert

Like the early cars though if you had the choice between the first ever car built to drive to work on a rainy day or your cosy Navara - you'd go for the Navara... the antique first car may run but you keep that in your garage as it keeps appreciating in value.

 

Bitcoin is like this first car - no doubt folk thought it very odd to start with - unreliable, no power, not that useful. Bitcoin is already becoming like this first car as new more modern crypto currencies start to come through that is more efficient and has more uses. How many cars and choice do you have today? That is the same as the crypto currency...

 

Some will go on to become icons - some will simply just become obsolete.

Link to comment
Share on other sites

1 minute ago, tree-fancier123 said:

oh right so in 2040 on chainsawbars.uk I will be able to order a new battery topper and pay 0.000000437456 BTC

Haha! Yep although I expect you will pay in Neo or Dash or Ripple and battery saws will be so yesterday with the current minature fusion powered top handles with a power supply that lasts 3 years between de contaminations! :))

  • Haha 1
Link to comment
Share on other sites

14 minutes ago, Rob D said:

 

Nope! - it is EXACTLY like gold - there is a finite number of Bitcoin - and each year it gets harder and harder to mine it and less and less is mined until 2040 when it will be unable to be mined.

 

It is impossible to increase this figure.

no its not, they just make a fork now and then, invent a new one and voila everyone signs up again on the promise it'll skyrocket

Link to comment
Share on other sites

19 minutes ago, Rob D said:

 

 

Bitcoin - you can send bitcoin to anyone anywhere in the world with access to the internet. There is NO INTERMEDIARY - no middle man, it is secure. Currency - there is one bitcoin not different types of bitcoin in different countries (like $,Yen,Euros) - it is universal.

 

Money - you can only send it to other people in the world that have a bank account. There is a middle man taking a commission.

I struggle when hear this. I get and send bank transfers most days, instantly, for free? as far as i can gather these 'currencies' are purely for hiding financial transactions or buying naughty things off the dark web

Link to comment
Share on other sites

2 minutes ago, dan494 said:

no its not, they just make a fork now and then, invent a new one and voila everyone signs up again on the promise it'll skyrocket

Yep - there is an element of that.. and some of the forks have value and some don't and next year that will be the issue with a hundred and one forks going on with Bit this and Bit that..

 

Hence research is required - research by yourself not your sister's boyfriend's uncle who used to work in the city don't you know and is an exceedingly clever chap!

Link to comment
Share on other sites

Just now, Rob D said:

Yep - there is an element of that.. and some of the forks have value and some don't and next year that will be the issue with a hundred and one forks going on with Bit this and Bit that..

 

Hence research is required - research by yourself not your sister's boyfriend's uncle who used to work in the city don't you know and is an exceedingly clever chap!

Yeah have done which why have come to my conclusions. It boils down to 2 elements to me. The overview how its going past 6 months that screams pyramid scheme worries me, and then the closer look about the purpose of it and I just cant see many people transferring pounds to bitcoins to send to aunty jill in japan who will turn them to yen whan a simple bank transfer does the job already. people like simple, thats why windows did well when msdos didnt and iphones did so well

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share


  •  

  • Featured Adverts

About

Arbtalk.co.uk is a hub for the arboriculture industry in the UK.  
If you're just starting out and you need business, equipment, tech or training support you're in the right place.  If you've done it, made it, got a van load of oily t-shirts and have decided to give something back by sharing your knowledge or wisdom,  then you're welcome too.
If you would like to contribute to making this industry more effective and safe then welcome.
Just like a living tree, it'll always be a work in progress.
Please have a look around, sign up, share and contribute the best you have.

See you inside.

The Arbtalk Team

Follow us

Articles

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.