Bitcoins

jimjames

onomatopoeia99 wrote: »

Still got them somewhere, though would have to boot up a different computer to find them in the blockchain. Looks like they're worth around £750 at the moment, so wasn't a complete waste of time.

If you can't find them and don't have the money in your hand then you might find that it was a waste of time!

dividendhero

JohnRo wrote: »

Have you a clue what you're talking about?

The blockchain is designed to allow future protocol enhancement and feature adoption as and when a distributed consensus is met.

'coins' exist on all forks, in parallel, at all times, so which ever protocol features and enhancements are eventually adopted, as belonging to the main chain, it matters not in terms of coins already held.

Bitcoin doesn't have a monopoly on Blackchain's . There's newer digital currencies out there such as Ethereum with more on the way, Bitcoins will go the same way as every other obsolete piece of technology.

As for current surge in value of Bitcoin, this is a great example of the "Greater fool theory"

JohnRo

It doesn't have a monopoly on or by anything, that's the entire purpose of it, by design.

The bitcoin protocol invented/implemented the first blockchain. there is nothing to stop bitcoin adopting useful features of these altcoins if a distributed consensus threshold is reached.

If you just feel like you want to knock it there are plenty of technical problems, difficulties and hurdles it faces and needs to overcome before any mass adoption might (or might not) take place in future without resorting to silly ignorant pejoratives.

armchaireconomist

If your understanding of cryptocurrency doesn't extend behind "stored on a drive or something" are you sure this is a smart investment?


Bitcoin goes crazy every 24 month or so then plummets back to virtually nothing.

Malthusian

bery_451 wrote: »

John mcafee the inventor of the anti-virus said each bitcoin will be worth 500000 by summer 2020.

Well, Mr McAfee should certainly know a useless piece of software that does nothing but overheat your computer and inefficiently eat up electricity when he sees one. Presumably if he knows Bitcoin will go up 100x in value in 3 years he's got his entire fortune in it?

armchaireconomist

As an IT professional I struggle to take anybody seriously who uses John McAfee as a credible, grounded source.

joeypesci

Malthusian wrote: »

Well, Mr McAfee should certainly know a useless piece of software that does nothing but overheat your computer and inefficiently eat up electricity when he sees one. Presumably if he knows Bitcoin will go up 100x in value in 3 years he's got his entire fortune in it?

The man McAfee left the company McAfee, long before the software McAfee turned !!!!.

Malthusian

I know. But it was too good to pass up.

Superscrooge

I suggest reading the below article before investing in bitcoin

http://uk.businessinsider.com/bitcoin-price-worse-than-tulip-bulbs-2017-9?r=US&IR=T

bottleandahalf

Why would we want to listen anything Dimon has to say?

The head of a bank that was selling fraudulent mortgages calling a competitor's product a fraud? Hmmm.