Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)

[lucky_scrote]

Just the fact that the Chinese Government have the power to stop it has to be a huge negative to a means of exchange that's supposedly bypassing central banks and Governments?

I'm sure I've hugely oversimplified that but from my reading in this thread and the few other things I've read the freedom from outside interference was supposed to be one of the biggest benefits.

Crypto hasn't been banned. Actually nothing has been banned yet but Chinese exchanges have been stopped until further announcements. Regulation is coming so exchanges will probably be back. The exchanges are third party after all so they can be banned. Decentralised exchanges are in the pipeline and do already exist.

[lucky_scrote]

Haha just brilliant:

Click to see full-size image.

[Doobs]

Haha just brilliant:

Click to see full-size image.

One story tho.

JPMorgan said in its patent application – which dates back to 1999 but was recently updated

https://www.ft.com/content/e230307a-61c4-11e3-aa02-00144feabdc0
 

[neeko]

Pfft using the block chain for banking is old hat, this is the kind of thing that ICO's are now into - child aftercare clubs!

Click to see full-size image.

I had an advert for an ICO in container shipping earlier in the week, I need to look at better websites to get google to give me different adverts.

[lucky_scrote]

Pfft using the block chain for banking is old hat, this is the kind of thing that ICO's are now into - child aftercare clubs!

Click to see full-size image.

I had an advert for an ICO in container shipping earlier in the week, I need to look at better websites to get google to give me different adverts.

Lmao. I am trying to figure out what the point is in starting an ICO on an already existing business that is only using the blockchain for a referral and rewards program. I only spent about 2 minutes reading their site but it seems pointless. When all major companies start using blockchain for their rewards and referral program (think tesco, BA etc) they aren't going to run an ICO!

[neeko]

Pfft using the block chain for banking is old hat, this is the kind of thing that ICO's are now into - child aftercare clubs!

Click to see full-size image.

I had an advert for an ICO in container shipping earlier in the week, I need to look at better websites to get google to give me different adverts.

Lmao. I am trying to figure out what the point is in starting an ICO on an already existing business that is only using the blockchain for a referral and rewards program. I only spent about 2 minutes reading their site but it seems pointless. When all major companies start using blockchain for their rewards and referral program (think tesco, BA etc) they aren't going to run an ICO!

I just think of ICO as internet con opportunity.

Stock exchange / securities regulators rightly ban penny stock boiler room operations to protect naive investors, they need to do the same with some of the ICO's out there.

Block chain has a number of advantages, but will always be limited by some of its features, its connections to the  international financial system and its speed, the best uses of it will be applications which evade these.

[lucky_scrote]

Stock exchange / securities regulators rightly ban penny stock boiler room operations to protect naive investors, they need to do the same with some of the ICO's out there.

China have basically put their foot in the door with this. ICO's have to be approved now. Also, for a while many ICO's have not permitted customers from certain countries from participating, suggesting they are aware of potential regulation or getting into trouble.

[rfgqqabc]

https://baswisselink.com/articles/dear-john/
Mistakes from Mcafee

https://simpleweb.co.uk/the-future-of-the-blockchain-interview-with-ethereum-co-founder-gavin-wood/

Medium length interview with an Ethereum cofounder, talks about some of the philosophical ideas around cryptocurrencies and their governance as well as the bubble and uses cases that aren't financial such as Land or Art registry.

[cambridgealex]

https://baswisselink.com/articles/dear-john/
Mistakes from Mcafee

https://simpleweb.co.uk/the-future-of-the-blockchain-interview-with-ethereum-co-founder-gavin-wood/

Medium length interview with an Ethereum cofounder, talks about some of the philosophical ideas around cryptocurrencies and their governance as well as the bubble and uses cases that aren't financial such as Land or Art registry.

Holy shit my car could make money for me by trading its own energy!

Mind blown!

[rfgqqabc]

https://baswisselink.com/articles/dear-john/
Mistakes from Mcafee

https://simpleweb.co.uk/the-future-of-the-blockchain-interview-with-ethereum-co-founder-gavin-wood/

Medium length interview with an Ethereum cofounder, talks about some of the philosophical ideas around cryptocurrencies and their governance as well as the bubble and uses cases that aren't financial such as Land or Art registry.

Holy shit my car could make money for me by trading its own energy!

Mind blown!

I feel like I'm missing something. Maybe its just the exclamation marks.

[cambridgealex]

https://baswisselink.com/articles/dear-john/
Mistakes from Mcafee

https://simpleweb.co.uk/the-future-of-the-blockchain-interview-with-ethereum-co-founder-gavin-wood/

Medium length interview with an Ethereum cofounder, talks about some of the philosophical ideas around cryptocurrencies and their governance as well as the bubble and uses cases that aren't financial such as Land or Art registry.

Holy shit my car could make money for me by trading its own energy!

Mind blown!

I feel like I'm missing something. Maybe its just the exclamation marks.

"Couple that with things like batteries, which need to be charged but can also be discharged. Imagine an electric car parked in your driveway, then it becomes very interesting, because the car can also have a wallet and your car can then make money by trading energy; buying it when it’s at a low price and then selling the battery back when it’s high."

Thought this was an awesome concept.

[TightEnd]

Bitcoin is fiat money, too

https://www.economist.com/blogs/freeexchange/2017/09/not-so-novel?fsrc=scn/tw/te/bl/ed/

[lucky_scrote]

http://woobull.com/data-visualisation-118-coins-plotted-over-time-this-is-why-hodl-alt-coin-indexes-dont-work/

[TightEnd]

China is turning against cryptocurrencies



https://www.economist.com/blogs/graphicdetail/2017/10/daily-chart-0?fsrc=scn/tw/te/bl/ed/

[lucky_scrote]

China is turning against cryptocurrencies



https://www.economist.com/blogs/graphicdetail/2017/10/daily-chart-0?fsrc=scn/tw/te/bl/ed/

It's not turning against them at all. In fact they are probably the leader in terms of regulation and future implementation.

Somehow that blue line is mis-leading but I don't yet know why. Possible reasons could be that exchanges offered vig free trades in China meaning bots just continuously passed money to each other.