Bitcoin Cracks $5000

[Mordan]

I'm invisioning that metals and crypto continue to complement each other until fiat is irrelevant.

A synergistic symbiosis.

metals are external conditions to the crypto world.. metals are like any other commodities.

man my neighbor spent all his cash to buy a fancy car, a cocaine lab and other stupid stuff on GTA 5. He does not give a shit about crypto or shiny metals.

 

[Mordan]

 

[specsaregood]

i am interested to know your first hand experience with deploying your smart contract ideas.

How do you expect to code external conditions ? The only use case that truly works on Ethereum are ERC20 tokens and Etherdelta for trading those.
Because they are fully inside the ecosystem without external conditions.

Pro Tip: See how Bitshares solved price of real world assets (external conditions) in order to trade bitUSD on the dex. They used witnesses that are financially incentivized to be honest.

I will update when I finally get something legit in place -- I have to fit my theoretical/practice/spec work in with the bill paying work.

in the meantime ETH setting new highs and on the verge of breaking through $1100 today.

 

[Mordan]

I will update when I finally get something legit in place -- I have to fit my theoretical/practice/spec work in with the bill paying work.

in the meantime ETH setting new highs and on the verge of breaking through $1100 today.

price is irrelevant.

DogeCoin just broke 1 billion market cap.. is that relevant?

current market is dumb money buying marketing buzz words.

my point is that you will finally understand what smart contracts are able to do by coding one. Good luck!

 

[specsaregood]

price is irrelevant.

Sure, it is irrelevant as far as the technology, bit its not irrelevant as to the topic of this thread. and it is not irrelevant in regards to the amount of investment people and companies have in the specific blockchain. the more investment, the more applications and features that will come through.

my point is that you will finally understand what smart contracts are able to do by coding one. Good luck!

Indeed, that's how I've always learned and how I've supported myself for 2 decades.

As far as what they are capable of, you can also look at what others are doing.
eg:

 

[The Northbreather]

Japan legalized Bitcoin. Checkmate to all the losers who think the state is going to kill crypto. Japan is already starting to use crypto for inter bank wires...

you guys are dummies. Some countries are embracing crypto and those will countries will have an advantage in the new money world order.

I am absolutely NOT saying the state will kill crypto.

I am saying that the old guard will attack, blacklist, condemn, attempt to co-opt crypto as they become aware of how much power they have to lose as people continue to trade in their fiat.

Attacks will only serve to strengthen the cryptos reputation imho.

States have many instruments of control at their disposal, we'll likey see some used.

 

[TheTexan]

It will eventually be required which was my point of where I think we are headed. I would not like that anymore than you.

We should make a FedCoin and make billions

 

[dannno]

Sure, it is irrelevant as far as the technology, bit its not irrelevant as to the topic of this thread. and it is not irrelevant in regards to the amount of investment people and companies have in the specific blockchain. the more investment, the more applications and features that will come through.



Indeed, that's how I've always learned and how I've supported myself for 2 decades.

As far as what they are capable of, you can also look at what others are doing.
eg:

Eth
$1,204.96

 

[dannno]

We should make a FedCoin and make billions

Lemme give you some advice.

https://imgur.com/8tQEo11

 

[TheTexan]

Lemme give you some advice.

https://imgur.com/8tQEo11

The ICO launches in two weeks.

Pre-ICO sales are also available at 20% discount.

 

[r3volution 3.0]

 

[Mordan]

Sure, it is irrelevant as far as the technology, bit its not irrelevant as to the topic of this thread. and it is not irrelevant in regards to the amount of investment people and companies have in the specific blockchain. the more investment, the more applications and features that will come through.



Indeed, that's how I've always learned and how I've supported myself for 2 decades.

As far as what they are capable of, you can also look at what others are doing.
eg:

well i have an argument with my cousin. This pay toll thing is totally not fit for the blockchain. They are showing off a POC but Ethereum or any blockchain provides zero value.

Their last argument is a lie. They removed an expensive server by an expensive blockchain with variable fees associated with transactions. This goes back to the argument of can Bitcoin blockchain pay for coffees? No. Can ethereum be a payment layer for all server applications ? no.

Time will tell who is right. All the current speculation about ADA and Eth and EOS is that those frameworks will be able to live up to their hype.

About your smart contract. have you identified the external conditions?

 

[devil21]

some do. stop lying. porn web sites sure do.

BWHHAHAHAHAHA

https://www.zerohedge.com/news/2018...porn-focused-token-disappears-investors-money

The burgeoning market for initial coin offerings is rife with fraud and abuse thanks to unscrupulous people like the creator of FMtokens, a coin designed as a means for paying performers for live webcam chats. The New York Post reported Monday that investors in FMtokens – which purportedly raised just shy of $5 million – are complaining that the company’s shadowy CEO, Jonatha Lucas, has absconded with their money while refusing to deliver the promised tokens.

Lucas aimed to raise as much as $25 million, according to an investment plan.
................................
Another investor claimed that Lucas appears to be actively trading on cryptocurrency exchanges, possibly with the money stolen from his erstwhile investors.

Mordan? Do you have something you need to tell us?

 

[specsaregood]

well i have an argument with my cousin. This pay toll thing is totally not fit for the blockchain. They are showing off a POC but Ethereum or any blockchain provides zero value.

probably right, cool nonetheless and an example of something that can be done, not necessarily that it should be done.

About your smart contract. have you identified the external conditions?

Nope, still batting around ideas of what to do. We have too much work paying work this time of year, doesn't slow down until late spring...

 

[specsaregood]

Eth
$1,204.96

just busted through 1300. @1317 now. glad I unloaded the rest of my LTC last week, took my profits and put them all on ETH.

 

[Mordan]

just busted through 1300. @1317 now. glad I unloaded the rest of my LTC last week, took my profits and put them all on ETH.

Eth price is driven by ERC20 ICOs.

Real use case where a blockchain provides real value. Replaces stocks, VC funding etc.

No external conditions. Would not work on a web server.

As soon as you bring external conditions to a smart contract... a web server will do just as well unless those conditions can be trusted by a DPOS network like Bitshares.

 

[Mordan]

if you want a tx metric

http://www.blocktivity.info/

 

[specsaregood]

Eth price is driven by ERC20 ICOs.
Real use case where a blockchain provides real value. Replaces stocks, VC funding etc.
No external conditions. Would not work on a web server.
As soon as you bring external conditions to a smart contract... a web server will do just as well unless those conditions can be trusted by a DPOS network like Bitshares.

No disagreements there. Finding actual use cases where a web server wouldn't be a better solution are difficult. Especially since I've specialized in web services for the past decade. But they are out there. I just haven't found one to build to and market to.

And don't get me wrong, I think ETH is overpriced, same as BTC. LTC is probably underpriced by comparison, but still overpriced. And its all due to worthless speculation/gambling. As somebody that is more interested in the technology than the casino aspect, it sorta aggravates me. But whatever, I'm not opposed to making money off it.

With that said, ETH is back to new highs after a few pullbacks this week. Up to $1417 today.

 

[Mordan]

No disagreements there. Finding actual use cases where a web server wouldn't be a better solution are difficult. Especially since I've specialized in web services for the past decade. But they are out there. I just haven't found one to build to and market to.

And don't get me wrong, I think ETH is overpriced, same as BTC. LTC is probably underpriced by comparison, but still overpriced. And its all due to worthless speculation/gambling. As somebody that is more interested in the technology than the casino aspect, it sorta aggravates me. But whatever, I'm not opposed to making money off it.

With that said, ETH is back to new highs after a few pullbacks this week. Up to $1417 today.

Look up how Bitshares manages smartcoins that track the value of fiat currencies. (external condition)

https://bitshares.org/technology/price-stable-cryptocurrencies/

Smart advanced stuff. Still haven't wrapped my head around it.


PS: Eth can go to 2000 and back to 1000... I don't really care. the market is irrational.

 

[The Northbreather]

There will be blood