Bitcoin

[Mr Tinkles]

It's biggest problem, and one which will never end because it's inherent to its design, is its volatility. Nobody knows whether over the next few weeks it'll rise by 50% or fall by 50%, and you'd have to be a bored / greedy fool or an anarchist eccentric to get involved.

And lets not forget Bitcoin can only process around 7 transactions per second - painfully slow

Never going to be taken seriously if that's all it can do

Visa/Mastercard by comparison can do 24,000 transactions per second

[Guest]

And lets not forget Bitcoin can only process around 7 transactions per second - painfully slow

Never going to be taken seriously if that's all it can do

Visa/Mastercard by comparison can do 24,000 transactions per second

Bitcoin has a good history of evolving as needed.
The currently being developed lighting network will very likely solve the scaling and transaction speed issues along with cheaper fees, and increased privacy.

Looking like government regulation might hang up the facebook coin.
Libra coin launch would bring recognition of bitcoin strenghs to an even larger audience, an a market cap in the trillions.

[Pattaya Plies]

Iran seizes 1,000 Bitcoin mining machines after power spike

https://www.bbc.com/news/technology-48799155

[Guest]

You can bet them miners are now working fo da Iran guvment.

Bitcoin allows the world to sidestep the draconian financial sanctions imposed by the USA.
The USA is trying to maintain the failing USD hegemony.

[Pattaya Plies]

1 Bitcoin equals 11,709.40 United States Dollars

[Guest]

100,000,000 Satoshi = 1 Bitcoin

[Boon Mee]

Indeed. One only need look at what the motor car did for sales of horses and carts.

Apples/Oranges

Buying a motorcar didn't risk your privacy nor did it land you in social media jail for 'wrong-think'...

[Guest]

Apples/Oranges

Buying a motorcar didn't risk your privacy nor did it land you in social media jail for 'wrong-think'...

Poor Smeg has left him in the land of wilted Tulips...

He still totally fails to understand what bitcoin represents; that being a permission-less P2P globally distributed decentralized and immutable form of currency.

Very likely his own extreme OCD, and pathetic narcissism forbid any sort of critical thinking.

[Boon Mee]

Poor Smeg has left him in the land of wilted Tulips...

He still totally fails to understand what bitcoin represents; that being a permission-less P2P globally distributed decentralized and immutable form of currency.

Very likely his own extreme OCD, and pathetic narcissism forbid any sort of critical thinking.

It's more than that, Earl.

Smege is part & parcel of this idiotic Millennium BS where they - w/out any concise frame of reference, just spout BS

Need to read/learn a bit of history...

[Pattaya Plies]

[Guest]

Earl sounds like a smug blinkered 18th century canal-investor, revelling in the superiority of his new technology over the use of packhorses and long convinced by the reassurances of others that it is futureproof.

While there are numerous aspects of bitcoin worthy of discussion and future concern, poor precious widdle OCD/TDS/Fookwit Smeg is still unable to grasp the very fundamental notion of the truly novel aspects of Bitcoin... From where an intelligent discussion might evolve.

Kinda sad to be such a fooking moron...

[Guest]

---

QED - confusing "truly novel", which most new inventions are, with inability to become obsolete

Bitcoin is continuing to evolve...Should ya care to observe...not Tulips...

If you were paying attention, you would notice how bitcoin is the evolving under-layer global network..just like the global internet network.

Sure if the electricity gets turned off, it will be obsolete.

But if the electric gets compromised you got bigger problems, and basic survival skills be mandated.

[Pattaya Plies]

[Guest]

Bitcoin=

[Pattaya Plies]

1 Bitcoin equals 9,847.07 United States Dollars