Cryptocurrencies

paulstar
paulstar Posts: 177 Forumite
edited 23 November 2017 at 8:29PM in Savings & investments
Overall, cryptos in general and Bitcoin Cash in particular look like 'investments' to treat in much the way one might treat an investment in the 2.15 at Epsom.
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Overall,
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Comments

  • markj113
    markj113 Posts: 256 Forumite
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    There are 2 types of people on MSE.

    1) Those that jump and down screaming ponzi and tulips

    2) Those that are making lots of money from crypto
  • markj113
    markj113 Posts: 256 Forumite
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    If you want a technical discussion around crypto bitcointalk.org is the place to go.
  • TrustyOven
    TrustyOven Posts: 746 Forumite
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    markj113 wrote: »
    There are 2 types of people on MSE.

    1) Those that jump and down screaming ponzi and tulips

    2) Those that are making lots of money from crypto

    Don't be like that.

    It's just a currency. That's all.
    Just buy some Zimbabwean Dollars now ;)
    It's not an investment. It doersn't generate money.
    It's not a productive asset like company stocks or debt instruments like bonds.
    It's just speculation, just like any Foreign Exchange "punt".


    If you want to "discuss" it, you could go to https://github.com/bitcoin/bitcoin and download the code using git, join their developer mailing list, go on IRC and chat with developers.

    That'd be as high-technical as you'd get I suspect.
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  • TrustyOven
    TrustyOven Posts: 746 Forumite
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    paulstar wrote: »
    Thanks for the reply.

    It sounds like there is no sensible or technical discussion of cryptos on MSE. So warnings about Bitcoin Cash being vulnerable to 51% double spend attacks would fall on deaf ears, to say the least.

    Hmmm, I guess I'll have to look for a more grown up forum elsewhere. Thanks again.

    Not sure why you have attitude. At least that's how I see it. Maybe I am mistaken, apologies if so.

    For such technical issues, surely a developer list would be more suitable? The actual place where people WRITE the code for bitcoin software. They would probably be more open to your question - since they are working on the techical side of things, rather than salviating about potential financial gains.
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    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
  • Biggles
    Biggles Posts: 8,209 Forumite
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    markj113 wrote: »
    There are 2 types of people on MSE.

    1) Those that jump and down screaming ponzi and tulips

    2) Those that are making lots of money from crypto
    you've missed out

    3) Those that are losing lots of money from crypto
  • ColdIron
    ColdIron Posts: 9,001 Forumite
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    paulstar wrote: »
    Hmmm, I guess I'll have to look for a more grown up forum elsewhere. Thanks again.
    Don't let the door ... :D
  • bigadaj
    bigadaj Posts: 11,531 Forumite
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    ColdIron wrote: »
    Don't let the door ... :D

    Yes, check out the posting history.

    No great loss.
  • Eco_Miser
    Eco_Miser Posts: 4,708 Forumite
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    Biggles wrote: »
    you've missed out

    3) Those that are losing lots of money from crypto

    and
    4) Those who just don't care.
    Eco Miser
    Saving money for well over half a century
  • Malthusian
    Malthusian Posts: 10,928 Forumite
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    Biggles wrote: »
    you've missed out

    3) Those that are losing lots of money from crypto

    Which, as betting on currency is a zero-sum game, statistically must be equal to the number of 2).
  • badger09
    badger09 Posts: 11,195 Forumite
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    Malthusian wrote: »
    Which, as betting on currency is a zero-sum game, statistically must be equal to the number of 2).


    but way smaller than the number of 4)
    Eco_Miser wrote: »
    and
    4) Those who just don't care.
This discussion has been closed.
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