Bitcoin Cracks $5000

[specsaregood]

ETH continuing its bull run, 900down, 1K next up.

 

[kpitcher]

ETH continuing its bull run, 900down, 1K next up.

Cardano is gaining fast on ETH, it's up to 27 Billion. It has a co-founder of Eth running it and their claim is smart contracts done right. It's up 15X from November.

https://coinmarketcap.com/currencies/cardano/

 

[heavenlyboy34]

It can be exchanged for USD the same way that Yen or Francs can. Someone who owns BTC can make a few mouse clicks and make purchases 48 hours later. Sounds like money to me.

BTC doesn't have durability the way physical money does. It's currency, not money.

 

[heavenlyboy34]

"Buying" something with bitcoin is the same as claiming you are buying something with a share of Intel stock.


LOL@jawboning bitcoin back up with "libertarian" Peter Thiel today. Looked to be faltering and then wham, Peter Thiel is trotted out to push it back up. He's a libertarian, dontcha know? A libertarian Bilderberger that develops big brother software for the NSA. But he's a libertarian so buy some more bitcoin. Cuz libertarian. Libertarian.

And bitcoin is so not an NSA creation. Cuz libertarians.

Using a currency or medium of exchange of some sort to facilitate the exchange of goods/services is in fact what we refer to as "buying" in Murica.

 

[dannno]

Cardano is gaining fast on ETH, it's up to 27 Billion. It has a co-founder of Eth running it and their claim is smart contracts done right. It's up 15X from November.

https://coinmarketcap.com/currencies/cardano/

I heard EOS may have a run against ETH as well.

Have you looked into IOTA? It's a coin based on the internet of things, and while people like AF may be turned off at first it looks to be about securing and privatizing data in the IOT (internet of things) paradigm.

 

[dannno]

 

[TheTexan]

I heard EOS may have a run against ETH as well.

Have you looked into IOTA? It's a coin based on the internet of things, and while people like AF may be turned off at first it looks to be about securing and privatizing data in the IOT (internet of things) paradigm.

Thats awesome, my wife can earn her allowance automatically based on her vacuum cleaner, dishwasher, stove usage data.

In addition to her other chores ofc

 

[dannno]

Thats awesome, my wife can earn her allowance automatically based on her vacuum cleaner, dishwasher, stove usage data.

In addition to her other chores ofc

Yes, and the government won't be able to come after you for paying her slave wages because it's all encrypted.

 

[devil21]

Using a currency or medium of exchange of some sort to facilitate the exchange of goods/services is in fact what we refer to as "buying" in Murica.

If you direct Fidelity to convert a share of Intel stock to dollars then Fidelity remits those dollars to a seller of a trinket, you would define the share of Intel stock as "currency" or a "medium of exchange", instead of a security? Interesting. I consider something as currency when it is DIRECTLY exchangeable for goods/services and does not require conversions (different national currencies notwithstanding).

 

[heavenlyboy34]

If you direct Fidelity to convert a share of Intel stock to dollars then Fidelity remits those dollars to a seller of a trinket, you would define the share of Intel stock as "currency" or a "medium of exchange", instead of a security? Interesting. I consider something as currency when it is DIRECTLY exchangeable for goods/services and does not require conversions (different national currencies notwithstanding).

A trinket is not a medium of exchange(except in primitive bartering economies, perhaps, but that's not within the scope of this thread). Surely you must be joking me with this entire post.

 

[devil21]

A trinket is not a medium of exchange(except in primitive bartering economies, perhaps, but that's not within the scope of this thread). Surely you must be joking me with this entire post.

You do understand that no retailer accepts bitcoin directly as payment, yes? They all employ an exchange like Bitpay that converts bitcoin units to dollar units, then the exchange remits dollars to the retailer. The retailer is paid in dollars, not bitcoin. Saying you are buying from a retailer using bitcoin is like saying you are buying from a retailer using an Intel share. The trinket is what the retailer ships you after receiving the dollar units.

 

[kpitcher]

You do understand that no retailer accepts bitcoin directly as payment, yes? They all employ an exchange like Bitpay that converts bitcoin units to dollar units, then the exchange remits dollars to the retailer. The retailer is paid in dollars, not bitcoin. Saying you are buying from a retailer using bitcoin is like saying you are buying from a retailer using an Intel share. The trinket is what the retailer ships you after receiving the dollar units.

Some retailers do but yes, overall it's still very rare until a complete supply chain can be entirely paid in crypto. Overstock is keeping 50% of all bitcoin payments as bitcoin, up from the 10% it used to hold.

 

[Mordan]

You do understand that no retailer accepts bitcoin directly as payment, yes? They all employ an exchange like Bitpay that converts bitcoin units to dollar units, then the exchange remits dollars to the retailer. The retailer is paid in dollars, not bitcoin. Saying you are buying from a retailer using bitcoin is like saying you are buying from a retailer using an Intel share. The trinket is what the retailer ships you after receiving the dollar units.

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

 

[specsaregood]

ETH continuing its bull run, 900down, 1K next up.

id be surprised if it doesn't crack 1k today.

 

[devil21]

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

Who pays for porn anymore?

 

[kpitcher]

Who pays for porn anymore?

Enough for it to still exist :

" LiveJasmin is the largest internet cam host in the world. Between 35 and 40 million users visit it daily, and at any given moment, there are 2,000 models live online. It is not hard to understand how the web-cam industry, overall, generated an estimated $2-3bn in 2016"

 

[devil21]

Enough for it to still exist :

" LiveJasmin is the largest internet cam host in the world. Between 35 and 40 million users visit it daily, and at any given moment, there are 2,000 models live online. It is not hard to understand how the web-cam industry, overall, generated an estimated $2-3bn in 2016"

Fine, you win. We can use bitcoin to watch Mordan's balkan girlfriend diddle herself for 15 minutes. Not sure how that's a "retailer" (there's a tail joke in here somewhere) by definition, however.

 

[specsaregood]

id be surprised if it doesn't crack 1k today.

https://techcrunch.com/2018/01/04/ethereum-breaks-new-record-by-reaching-1000-for-the-first-time/

Ethereum breaks new record by reaching $1,000 for the first time

Ethereum tokens (ethers) have reached $1,000 on multiple major exchanges for the first time ever. This is an all-time high and the result of a multiple-day rally. The total market capitalization of ethers currently available is now $100 billion.

And yet, ethers only represent around 13 percent of all cryptocurrencies out there. 2017 may have been a huge year for cryptocurrencies across the board, but one of the most important stories is that there are now many different tokens worth tens of billions of dollars when it comes to market capitalization.

One ether was worth between $700 and $800 for most of the second half of December. But over the past seven days, ethers have been trading up 40 percent.

Despite this incredible performance, Ripple is still the second biggest cryptocurrency by market capitalization. Somehow, Ripple has been up over 1,300 percent over the last 30 days. Ethereum has been lagging behind Ripple because of this rally.

Bitcoin is becoming less and less dominant. It now represents 32.5 percent of the value of all cryptocurrencies in circulation.

 

[anaconda]

$16,499

 

[kahless]

Uh oh.

Visa bans several cryptocurrency-backed cards, leaving thousands in the lurch
https://www.cnbc.com/2018/01/05/visa-bans-cryptocurrency-backed-cards.html