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  • Crypto Currency - Believers Only

Hursty well we’re obviously going to find out, but i’m not sold on crypto as a store of value. blockchain tech seems to have great applications, which is why i was holding etherium, i just don’t think the rest of this is anything but big money taking advantage of an easy to manipulate market.

Hursty You don’t need to understand it Ed, at the end of the day a currency has value and if a vendor accepts it that’s all you need to care about.

this is the part i don’t agree with. if you don’t understand very clearly how it works, you cannot use crypto safely. how many stories have there already been about hard drives being lost and keys forgotten? that’s with early adopters and people who are more tech savvy than average.

      Blockchain definitely has a future, but not as day to day currency in its current form for all the reasons already mentioned. It can, however, be the basis for world markets especially after the car crash that has been recent weeks trading and the decades old use for clearance houses.

      Money I’ll lose the password for next time I lose my wallet when pissed?

      No ta.

      Hursty You don’t need to understand it Ed, at the end of the day a currency has value and if a vendor accepts it that’s all you need to care about.

      Will it replace or even run parallel to the GREAT British pound?

      Me thinks not!

          Smallman1 Will it replace or even run parallel to the GREAT British pound?

          Me thinks not!

          We should start a campaign to get OLB to replace Jane Austen on the reverse of the £10 note:

          “I declare after all that there is no enjoyment like BANTING!”

            Reading is fucking daft anyway, when you think about it.

            You sit there looking at thin strips of tree marked with ink, and hallucinate. How weird is that?

              We will see, we will see.

              This is precisely why it is a load of complete bollocks, Amps.
              Is there any need for it?

                Old-Dutch Crypto is here for the future, the 3rd gen cryptos are using Proof of Stake algorithms.

                So short sighted some of the views on crypto, people will gladly invest in pharma, oil, multinationals which cripple the world then turn their nose up something they don’t understand.

                    Can’t stress enough, do some research and start investing now, you wIll not regret it, I can guarantee.

                    Look into Cardano and Radix.

                      Hursty people will gladly invest in pharma, oil, multinationals which cripple the world then turn their nose up something they don’t understand

                      It’s not really a fair equivalence because they all produce items of value that are sold and you can read a company’s accounts or industry report to determine your investment decisions.

                      People who are used to doing that don’t even know where to start with cryptocurrencies.

                        Also, suggest you read about the environmental effects of bitcoin mining.

                        I can’t understand why the need for wasting so much energy to ‘mine’ for bitcoin. It’s a fucking ludicrous concept not to mention the damage it is doing to the planet in terms of wasting energy. A load of old bollocks

                        Lol never ceases to amaze me.

                        Crypto currency is not just Bitcoin .

                        it’s like saying John Digweed is the only DJ, which is true for some people on here, but come on, open your minds.

                          I was talking about Bitcoin. Thought that was pretty clear

                          It’s a digital store of value accessible to anyone across the world who has internet access not that hard to understand, based on blockchain technology.

                            Hursty Lol never ceases to amaze me.

                            Crypto currency is not just Bitcoin .

                            it’s like saying John Digweed is the only DJ, which is true for some people on here, but come on, open your minds.

                            I never said it was.

                            You can say “open your minds” all you like but you’ve still avoided my point - most people will not commit to investment decisions with such a degree of uncertainty around them.