Crypto-currencies

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AndyC
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Crypto-currencies

Postby AndyC » Wed May 31, 2017 9:31 am

Is anyone else holding or trading in currencies/technologies such as Bitcoin, Ethereum, etc?

I got into Ethereum a little while ago and the potential of blockchain tech is fascinating; the banks must be pretty alarmed. Here's a non-technical overview:



Hardware wallets, software and brainware wallets, even paper wallets - this stuff is absolutely fascinating.
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Re: Crypto-currencies

Postby ELB » Wed May 31, 2017 9:55 am

AndyC wrote:...
I got into Ethereum a little while ago .


I know people did that in the late 1800s, but I thought it was illegal now... ;-)
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Re: Crypto-currencies

Postby TexasJohnBoy » Wed May 31, 2017 9:59 am

I had a wallet with a bitcoin or two back when it was worth nothing. I was mining for them. I lost it because it was worthless.

I've kicked myself several times over the last few months because of that. Thanks for reminding me... :P
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Re: Crypto-currencies

Postby 869 » Wed May 31, 2017 10:27 am

This is funny - I am sure this was recorded first but I've seen his son give the exact same presentation - practically word for word.

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Re: Crypto-currencies

Postby suthdj » Wed May 31, 2017 10:38 am

Crypto just like the dollar nothing behind it I will save silver, gold, bullets & bacon.
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Re: Crypto-currencies

Postby ELB » Wed May 31, 2017 10:48 am

There's nothing more behind gold and silver than there is behind any currency. People just agree to assign value to it. Or not. Bullets and bacon have some intrinsic use that can give them value.
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Re: Crypto-currencies

Postby bblhd672 » Wed May 31, 2017 2:33 pm

ELB wrote:There's nothing more behind gold and silver than there is behind any currency. People just agree to assign value to it. Or not. Bullets and bacon have some intrinsic use that can give them value.


I'll take bacon over vapo-currency any day! :biggrinjester:
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Re: Crypto-currencies

Postby Abraham » Wed May 31, 2017 2:40 pm

I'll take beans and bullets over bit crud any day.

Is such stuff as crypto currency interesting?

Very.

However, I won't be one to use it.

Then again, I still have a land line, so...geezers like me have zero trust in CC, consarn it. Now, hand me ma corn cob and Prince Albert inna can. Where are my kitchen matches...?


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Re: Crypto-currencies

Postby george72 » Wed May 31, 2017 3:14 pm

At work we accept bitcoin for our virtual/hosting services, it is nice as a vendor as there is no way to chargeback a payment. So it lets us accept signups from areas that traditionally have extremely high credit card fraud.

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Re: Crypto-currencies

Postby suthdj » Wed May 31, 2017 3:57 pm

bblhd672 wrote:
ELB wrote:There's nothing more behind gold and silver than there is behind any currency. People just agree to assign value to it. Or not. Bullets and bacon have some intrinsic use that can give them value.


I'll take bacon over vapo-currency any day! :biggrinjester:


Or bacon bullets
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Re: Crypto-currencies

Postby Liberty » Wed May 31, 2017 4:08 pm

ELB wrote:There's nothing more behind gold and silver than there is behind any currency. People just agree to assign value to it. Or not. Bullets and bacon have some intrinsic use that can give them value.

Gold and silver have had value longer than bullets and keeps better than bacon. Silver and gold unlike state currencies and Crypto coin. does have intrinsic value. The value might some day crash , but it will always be worth something. It has a few thousand years of experience behind it.
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Re: Crypto-currencies

Postby RossA » Wed May 31, 2017 4:15 pm

If the a problem arises, and society has gone to ****, I would rather trade for your pound of bacon than for your pound of gold. I don't care what conventional wisdom says, after everything goes downhill, gold and silver won't be worth much if you can't eat it, drink it, wear it, medicate with it, defend yourself with it, etc.
Just my opinion.
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Re: Crypto-currencies

Postby ScottDLS » Wed May 31, 2017 4:49 pm

RossA wrote:If the a problem arises, and society has gone to ****, I would rather trade for your pound of bacon than for your pound of gold. I don't care what conventional wisdom says, after everything goes downhill, gold and silver won't be worth much if you can't eat it, drink it, wear it, medicate with it, defend yourself with it, etc.
Just my opinion.


That's right! You can't eat gold! Bullets and dry foodstuffs will the coin of the realm after the zombie apocalypse. And motor fuel.
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Re: Crypto-currencies

Postby suthdj » Wed May 31, 2017 5:23 pm

ScottDLS wrote:
RossA wrote:If the a problem arises, and society has gone to ****, I would rather trade for your pound of bacon than for your pound of gold. I don't care what conventional wisdom says, after everything goes downhill, gold and silver won't be worth much if you can't eat it, drink it, wear it, medicate with it, defend yourself with it, etc.
Just my opinion.


That's right! You can't eat gold! Bullets and dry foodstuffs will the coin of the realm after the zombie apocalypse. And motor fuel.

Well you can use silver to make colloidal silver that cures everything including zombiosis.
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Re: Crypto-currencies

Postby Liberty » Wed May 31, 2017 8:07 pm

I am thinking more along the lines of a collapse of currencies, and governments. The value of gold has survived many collapsing goverments and worthless currencies. I am covering all the bases though, I have a stock of fishing supplies, ammo, non-hybrid seeds and non-perishable food. Lots of Radio equipment and even a few cases of water.
In any disaster, though I suspect loss of internet access would make crypto cash useless. Gold still had value after the many falls of Europe, the fall of the confederacy and the bank failures of the 20th century. The food and emergency supplies I will keep for my family survival and self survival.
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