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[Finance] The cryptocurrency (Bitcoin etc) thread









CheeseRolls

Well-known member
NSC Patron
Jan 27, 2009
5,991
Shoreham Beach
Here is a link for anyone looking to stick a toe in the water, without committing any of their own money and yes there is a referral code below.

https://app.yamgo.com/register?ref=0002905bdb15c6f24075b348

Basically you get paid in Hbar currently around 15p, to watch adverts, sign up for games, casinos etc. Some of the opening offers look quite interesting if you don't mind this stuff.

If you sign up there is a set of keys and mnemonics, just keep them somewhere safe, if you lose them, you will not be able to recover your funds. Plenty of people have high expectations of Hbar, so the price may (or may not) shoot up at some point.
The people behind this app have established a substantial mobile advertising pay per impression business in Asia, using this platform, so also fairly solid credentials.
 












After a month and getting sucked in by the Doge Hype. Thousands of Dollars down. Talk about learning the hard way.


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Sadly me too, went from testing the water with 500 , see a small profit to risking over 10k just as the market dips 20%. sold and now the markets is recovering :(

BTW. WRX is going mental today - up 19% and climbing...
 




warmleyseagull

Well-known member
Apr 17, 2011
4,228
Beaminster, Dorset
After a month and getting sucked in by the Doge Hype. Thousands of Dollars down. Talk about learning the hard way.


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Indeed - Dutch tulips. Made point a few times on here and been scorned. What did crypto ever do for the world? It might regen as more respectable medium for payment if governments get involved but presently is just extremely useless eco unfriendly froth.
 


SeagullDubai

Well-known member
May 13, 2016
3,554
Sadly me too, went from testing the water with 500 , see a small profit to risking over 10k just as the market dips 20%. sold and now the markets is recovering :(

BTW. WRX is going mental today - up 19% and climbing...

For 500 dollars you can buy 5bn catge coins. Then imagine it reaches a dollar a coin. This time next year Rodney….


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Tyrone Biggums

Well-known member
Jun 25, 2006
13,498
Geelong, Australia
Indeed - Dutch tulips. Made point a few times on here and been scorned. What did crypto ever do for the world? It might regen as more respectable medium for payment if governments get involved but presently is just extremely useless eco unfriendly froth.

Maybe you wouldn't get scorned if you knew what you were talking about.

If you have to ask what crypto does you've obviously put zero research into what the crypto space has implemented and what's to come.
 




beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,332
Indeed - Dutch tulips. Made point a few times on here and been scorned. What did crypto ever do for the world? It might regen as more respectable medium for payment if governments get involved but presently is just extremely useless eco unfriendly froth.

funny thing about the tulip comparison, that lasted about a year. crypto has been going over a decade now and we're on the 3rd major pump. yesturday little El Salvador adopted BTC as legal tender.
 


dwayne

Well-known member
Jul 5, 2003
15,034
London
Maybe you wouldn't get scorned if you knew what you were talking about.

If you have to ask what crypto does you've obviously put zero research into what the crypto space has implemented and what's to come.
Out of interest what has crypto done for the world so far ?

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Tyrone Biggums

Well-known member
Jun 25, 2006
13,498
Geelong, Australia
Out of interest what has crypto done for the world so far ?

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Well let's look at a single crypto project in THETA.

Theta Labs, a leading decentralized video streaming platform, revolutionized the livestream experience with their peer-to-peer bandwidth sharing distributed ledger technology. And thanks to database and analytics solutions from Google Cloud, Theta Labs has scaled to stay ahead of its growing active user base on their blockchain platform.

It was this ability to reach more remote viewers and give larger audiences the opportunity to discover new things that caught the attention of NASA, which wanted to spread interest in science and technology to younger viewers. NASA chose Theta Labs as one of only a handful of video services with direct access to NASA’s source video feed for the SpaceX launch and other events.
 








pb21

Well-known member
Apr 23, 2010
6,346
Wow decentralised video streaming ..... Earth shattering

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Google, Sony, Samsung and CAA are invested in Theta.

What cost efficiencies can an effective decentralised content delivery network provide, now and in the future?
 


Da Man Clay

T'Blades
Dec 16, 2004
16,256
Sadly me too, went from testing the water with 500 , see a small profit to risking over 10k just as the market dips 20%. sold and now the markets is recovering :(

BTW. WRX is going mental today - up 19% and climbing...

Dropping everything at the sign of dips in crypto will cost you a lot of money though. It’s so volatile. Need to ride the waves for a bit.
 




beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,332
Google, Sony, Samsung and CAA are invested in Theta.

What cost efficiencies can an effective decentralised content delivery network provide, now and in the future?

peer to peer will save the content providers large bandwidth and hosting costs. its a terrible example though, Napster with a token to incentivise use is not a paradigm shifting use case.

the goto answers are financial sovereignty, democratising access to banking, micropayment systems and claims on cost and efficiency of currency transfers (which dont apply to many).
 




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