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Nzoner's Game Room>Bitcoin Take?
ChiefRocka 11:41 AM 02-15-2013
Bitcoin disrupts gold
Ethereum disrupts financial services
There will be others...





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MahiMike 06:18 PM 05-27-2017
Originally Posted by scho63:
I'm a pretty smart guy who can usually understand things after being explained to me once, if not twice for sure.

This whole cryptocurrency backed by nothing confounds the hell out of me too.

I can't help but correlate this to the great "Tulip Bulb" craze in Holland hundreds of years ago that destroyed many.
Actually no crazier than the US dollar. It's just paper they can print more of.
[Reply]
Hog's Gone Fishin 06:31 PM 05-27-2017
Been trying to study this on the interweb and it always brings me back to one site:

http://www.chiefsplanet.com/BB/showt...84830&page=104
[Reply]
BWillie 08:11 PM 05-27-2017
Originally Posted by MahiMike:
Actually no crazier than the US dollar. It's just paper they can print more of.
And they dont keep printing more which devalues USD. Honestly bitcoin could be a lower cost for governments to accept as currency. No overhead for them, no cost to produce or maintain.

You can even print out bitcoin and have it only available as paper money if you are scared
[Reply]
ChiefRocka 06:47 AM 05-28-2017
"If you're Offered a Seat on a Rocket Ship, You Don't Ask What Seat. You Just Get On"

New technology, tough to comprehend, is changing legacy industrial landscape. No doubt this is another Dot Com bubble in the making...there will be winners and many losers.

https://medium.com/@balajis/thoughts...s-436109aabcbe
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BossChief 12:36 AM 05-31-2017
Originally Posted by Iowanian:
I mean...this seems like Bernie Madoff shit....smoke and mirrors....purchasing make beli ve money that is supported by nothing I can see. It's not backed by gold...or the US dollar for example.

I guess I haven't studied it because it seeems like a suckers racket to me. I'd like it explained in plain English.
US currency isn't really backed by gold anymore, either.

It's a confidence based system.

Been that way for awhile now.
[Reply]
Hootie 07:51 PM 06-04-2017
Thanks to this thread - I got in on Ethereum just in time.

ON ANOTHER NOTE : HOW FILTHY RICH MUST CHIEFROCKA BE?!

If he didn't sell, and kept acquiring crypto, good Lord?! We're talking millions. I hope that's the case, my man!
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ChiefRocka 04:54 AM 06-05-2017

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jallmon 07:05 AM 06-05-2017
What in the world does this thread have to do with Alex?
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jallmon 07:07 AM 06-05-2017
I will listen to the TED video, though, Bitcoins are interesting. Thank you for the video.
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mszymko 11:39 AM 06-05-2017
Originally Posted by Hootie 8.0:
Thanks to this thread - I got in on Ethereum just in time.

ON ANOTHER NOTE : HOW FILTHY RICH MUST CHIEFROCKA BE?!

If he didn't sell, and kept acquiring crypto, good Lord?! We're talking millions. I hope that's the case, my man!

My friend keeps trying to teach me about this, how well are you guys doing on these crypto currencies and how much time do i have to get in?
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TambaBerry 04:27 PM 06-05-2017
Originally Posted by mszymko:
My friend keeps trying to teach me about this, how well are you guys doing on these crypto currencies and how much time do i have to get in?
I bought two grand worth of ethereum when it was sitting at 43$. It's now worth almost 12k. I fully expect it to surpass Bitcoins value.
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Jewish Rabbi 10:27 AM 06-10-2017
Ethereum just hit $300. Sure wish I put more than $500 in it a few months ago.
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O.city 11:49 AM 06-10-2017
Is it still on the rise? I'd like to get I on it but worry I missed the boat
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Jewish Rabbi 02:25 PM 06-10-2017
Originally Posted by O.city:
Is it still on the rise? I'd like to get I on it but worry I missed the boat
I bought more today. I really think we'll see at least $1000 by the end of the year. But if I knew that for sure I'd be taking out loans to buy it up lol.
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-King- 02:46 PM 06-10-2017
Originally Posted by O.city:
Is it still on the rise? I'd like to get I on it but worry I missed the boat
Up over $70 just this week alone
Posted via Mobile Device
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