Bitcoin and other Crypto...

[cochyn]

Just reading about 50 Cent, the rather abysmal rapping artiste, who back in the day let people buy one of his albums using cryptocurrency.

 

Apparently, he forgot about it and has just recently discovered an account with 700 Bitcoin in it, moving him from bankrupt to £5.6m in the blink of an eye.

 

Christ, bet he only sold about ten albums to get that n'all. 

[KopOut]

Been meaning to ask about these airdrops...when it asks for the eth wallet address, do I get that from coinbase?

I use Block Wallet. Simple & very safe (it’s basically a hard wallet in ‘app’ form.

[KopOut]

Now it might just be me, but this all screams to be more Ponzi than Fonzie.

I don’t care what ‘investment’ activity people invest in, they basically want ‘something for nothing’.

 

It’s all gambling.

[Spy Bee]

Bored of waiting for WAN I am chucking an ETH into DTA.

That ETH is now worth more than 2 ETH.

[Spy Bee]

My next tip for a swift uplift is $ZIL

 

Do your own research.

[DPW]

What exchange Spy?

[Spy Bee]

What exchange Spy?

Huobi - I'm sticking an ETH in

[SasaS]

 

https://ripple.com/insights/more-global-payment-providers-idt-and-mercuryfx-sign-up-to-use-xrp/

 

More Global Payment Providers, IDT and MercuryFX, Sign Up to Use XRP

 

 

Bloomberg ripping into Ripple a bit today

 

https://www.bloomberg.com/news/articles/2018-01-25/ripple-wants-xrp-to-be-bitcoin-for-banks-if-only-the-banks-wanted-it

 

"One rationale for buying XRP is that unlike Bitcoin, the token has one narrowly defined but clearly useful purpose: to help banks move cash from point A to point B faster and more cheaply, especially across borders.

 

The problem is that banks say they have no interest in using XRP. Current and former executives at seven global banks—some of whom have partnered with Ripple—say there was scant chance they would ever entrust their corporate clients’ payments to a cryptocurrency. The executives requested anonymity.

 

“It’s bewildering,” says Joseph Lubin, the founder of ConsenSys, a startup that develops applications based on the Ethereum blockchain, the technology used for Ether. “Effectively it’s a totally useless token except that it is being used by that company to make a lot of money to fund some of their activities.” There are 100 billion of the tokens and, according to Ripple’s website, the company holds about 61 billion—with a value of $1.31 each on Jan. 25, or about $80 billion total. Most are held in escrow and can be sold only in limited chunks over time to avoid crashing the market. Ripple has sold more than $185 million in XRP since September 2016, according to reports the private company publishes."

 

[Spy Bee]

FUD... just keep the price where it is for a couple of months and I'll be happy to buy back in before it rockets.

[KopOut]

Bloomberg ripping into Ripple a bit today

 

https://www.bloomberg.com/news/articles/2018-01-25/ripple-wants-xrp-to-be-bitcoin-for-banks-if-only-the-banks-wanted-it

 

"One rationale for buying XRP is that unlike Bitcoin, the token has one narrowly defined but clearly useful purpose: to help banks move cash from point A to point B faster and more cheaply, especially across borders.

 

The problem is that banks say they have no interest in using XRP. Current and former executives at seven global banks—some of whom have partnered with Ripple—say there was scant chance they would ever entrust their corporate clients’ payments to a cryptocurrency. The executives requested anonymity.

 

“It’s bewildering,” says Joseph Lubin, the founder of ConsenSys, a startup that develops applications based on the Ethereum blockchain, the technology used for Ether. “Effectively it’s a totally useless token except that it is being used by that company to make a lot of money to fund some of their activities.” There are 100 billion of the tokens and, according to Ripple’s website, the company holds about 61 billion—with a value of $1.31 each on Jan. 25, or about $80 billion total. Most are held in escrow and can be sold only in limited chunks over time to avoid crashing the market. Ripple has sold more than $185 million in XRP since September 2016, according to reports the private company publishes."

Yip. The whole market confidence is built on ‘potential’ which so far, hasn’t been realised.

 

Ive been involved with ‘community currency’ for years, so I ‘get it’. Decentralisation of currency is the best possible move for the world’s marketplace.

 

The dust will eventually settle, but the war could be a long protracted one.

[Spy Bee]

$ZIL went live ahead of schedule at 6.15am this morning, It went up 1000% in 2 hours. 

 

Wounded!

[skend04]

$ZIL went live ahead of schedule at 6.15am this morning, It went up 1000% in 2 hours.

 

Wounded!

I saw that and was wondering if you were on it. I'm guessing not.

[lifetime fan]

Read the other day Arsenal have agreed a sponsorship deal for a new currency.

[Spy Bee]

I saw that and was wondering if you were on it. I'm guessing not.

I was fast asleep. I have still bought in because at 8 cents it makes sense, but shame I missed the spike

[Spy Bee]

I was fast asleep. I have still bought in because at 8 cents it makes sense, but shame I missed the spike

Actually, I just read what I said there and sold it for a nominal profit. I'll buy back in at the dip, which I think will be significant.

[ZonkoVille77]

https://lifehacker.com/how-one-person-caused-the-price-of-cryptocurrencies-to-1822396438

[Reacher]

I did the same, bought in then thought what am I doing and sold, hopefully for a small profit need to have a proper look tonight.

[Spy Bee]

I did the same, bought in then thought what am I doing and sold, hopefully for a small profit need to have a proper look tonight.

I made 0.05 Eth by being too impulsive... 

 

No need to stress. The Futures contract finishes today, and next week is going to be big! HUGE!

[Spy Bee]

[DJLJ]

Hmmm....

 

https://www.bloomberg.com/news/articles/2018-01-26/cryptocurrencies-drop-after-japanese-exchange-halts-withdrawals

[TheHowieLama]

One of Japan's largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual money in a hacking attack on its network.

[SasaS]

That's a lot of coin to lose. Look under the sofa?

[TheHowieLama]

No way that has slipped in the couch -- in the dryer is my bet.

[Rico1304]

No way that has slipped in the couch -- in the dryer is my bet.

It’ll be in their summer coat. Nice surprise when they put it back on in April.

[Herp McDerp]

They're repaying it out of their own coffers apparently