Crypto Predictions
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@computerchip said in Crypto Predictions:
@momurda You are not very educated on cryptos then. They have as much inherent value as gold or diamonds.
Exactly. There is no inherent value in any currency except the value people place on it.
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Interesting article on crypto currencies and the people making the most from them: https://www.forbes.com/sites/jeffkauflin/2018/02/07/cryptocurrency-richest-people-crypto-bitcoin-ether-xrp/#42745fa572d3.
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@computerchip "No one really knows if it will rain tomorrow or not, but they speculate across the world every day.
You can look at a previous post here, where I speculated that BTC will be consistently above the 10k mark in 30 days. Looks like I am on track for that prediction."
This is an inaccurate representation of yourself and every layman speculating on Cryptocurrency prices. Weather predictions are made by professionals based on scientific modeling stemming from peer reviewed research. Making random guesses spread over forums is in no way comparable.
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@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously. -
@r3dpand4 I sent my prediction to a peer who has also been in crypto for several years, he agrees with me. Now it's been peer reviewed.
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@momurda said in Crypto Predictions:
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.
That is probably THE dumbest thing I have heard anyone say this month.
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@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Not even close.
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@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Several governments have already done this. It's not just predicted that this will happen more and more, it's already happened.
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@momurda said in Crypto Predictions:
@computerchip I dont know if it will rain tomorrow, but i do know Crypto currency has ZERO inherent value, and never will.
Other than things like food, nothing has inherent value.
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@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Several governments have already done this. It's not just predicted that this will happen more and more, it's already happened.
Which ones? the ones that host shady tax and banking laws for tax evaders in the US and around the world?
The EU? Not likely.
https://arstechnica.com/tech-policy/2018/02/european-bankers-scoff-at-bitcoin-for-its-risk-huge-energy-inefficiency/
The US? The US is so corrupt from bottom to top at this point it wouldnt surprise me if the US becomes the only government to accept bitcoin, just so thievery by US leaders can be accomplished more easily.
Russia? Yes probably, but they choose oppression and tyranny over and over again for the last 200 years, so yea.
India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.
I could go on, but the reality is you can say whatever you want, your actions define you.
Mining bitcoin is stupid as fuck and a huge waste of electricity, and supports the worst sort of criminals mostly.
Not even started talking about how making fake money by running a math program on your computer is like... boasting about being a millionaire even though you inherited all the money from someone else without earning it, or becoming rich by being a 'day trader'. -
@momurda said in Crypto Predictions:
@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Several governments have already done this. It's not just predicted that this will happen more and more, it's already happened.
Which ones? the ones that host shady tax and banking laws for tax evaders in the US and around the world?
Russia and Venezuela that I saw so far.
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@momurda said in Crypto Predictions:
@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Several governments have already done this. It's not just predicted that this will happen more and more, it's already happened.
Which ones? the ones that host shady tax and banking laws for tax evaders in the US and around the world?
The EU? Not likely.
https://arstechnica.com/tech-policy/2018/02/european-bankers-scoff-at-bitcoin-for-its-risk-huge-energy-inefficiency/
The US? The US is so corrupt from bottom to top at this point it wouldnt surprise me if the US becomes the only government to accept bitcoin, just so thievery by US leaders can be accomplished more easily.
Russia? Yes probably, but they choose oppression and tyranny over and over again for the last 200 years, so yea.
India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.
I could go on, but the reality is you can say whatever you want, your actions define you.
Mining bitcoin is stupid as fuck and a huge waste of electricity, and supports the worst sort of criminals mostly.
Not even started talking about how making fake money by running a math program on your computer is like... boasting about being a millionaire even though you inherited all the money from someone else without earning it, or becoming rich by being a 'day trader'.So basically you just listed WHY crypto is the new currency. You don't trust any country or currency system currently, crypto might be the fix to all of that. So now I see why crypto is so important, because we can't trust anything but crypto!
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@momurda said in Crypto Predictions:
I could go on, but the reality is you can say whatever you want, your actions define you.
Crypto also helps with the best stuff... getting stable currency and ability to pay people in war torn countries, support medical efforts, enable global commerce, reduce government intrusion.
If actions define us, crypto is the salvation of humanity. NOw I feel using cash is evil - because it empowers corrupt governments.
You can't paint the concept of money in such broad strokes. Crypto is a technically advanced currency, nothing else. Period. It's that simple.
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@momurda "India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned."
India has not banned Cryptocurrency: https://www.forbes.com/sites/sindhujabalaji/2018/02/06/india-is-not-banning-cryptocurrency-heres-what-it-is-doing-instead/#673cea5f7c6f
Everything you have posted is categorically false, you honestly don't deserve any further responses. Stating outlandish things and making character claims about a large portion of the world's population without citation doesn't deserve attention.
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@momurda said in Crypto Predictions:
India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.
Holy smokes, you just make things up as you go along don't ya?
As of 11/2015: "94 percent of Indians living in urban areas have electricity, only 67 percent in rural areas have power."
As of 03./2017: "WaterAid said over 63 million rural Indians - the equivalent of the population of Britain - do not have clean water to drink, cook or wash with, largely due to remote locations, weak infrastructure and poor planning."
India has a population of 1.3 billion, 63 million is just below 5%.
Majority: "a number or percentage equaling more than half of a total"
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@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Several governments have already done this. It's not just predicted that this will happen more and more, it's already happened.
Which ones? the ones that host shady tax and banking laws for tax evaders in the US and around the world?
The EU? Not likely.
https://arstechnica.com/tech-policy/2018/02/european-bankers-scoff-at-bitcoin-for-its-risk-huge-energy-inefficiency/
The US? The US is so corrupt from bottom to top at this point it wouldnt surprise me if the US becomes the only government to accept bitcoin, just so thievery by US leaders can be accomplished more easily.
Russia? Yes probably, but they choose oppression and tyranny over and over again for the last 200 years, so yea.
India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.
I could go on, but the reality is you can say whatever you want, your actions define you.
Mining bitcoin is stupid as fuck and a huge waste of electricity, and supports the worst sort of criminals mostly.
Not even started talking about how making fake money by running a math program on your computer is like... boasting about being a millionaire even though you inherited all the money from someone else without earning it, or becoming rich by being a 'day trader'.So basically you just listed WHY crypto is the new currency. You don't trust any country or currency system currently, crypto might be the fix to all of that. So now I see why crypto is so important, because we can't trust anything but crypto!
Haha! He obviously doesn't understand the decentralized nature of crypto currency. Because his whole response proved why crypto is so important to fixing corruption.
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@momurda said in Crypto Predictions:
@scottalanmiller said in Crypto Predictions:
@momurda said in Crypto Predictions:
@computerchip Im sorry but no. Not only do gold and diamonds have zero value as well as crypto, actual currency has value because governments say it does.
Cyrpto will never be given that status.
Crypto currency peddlers are like TOR users. Generally bad people doing gernerally bad things to other people. Sex traffickers, child porn peddlers, other people who want to do bad things with fake money anonymously.Several governments have already done this. It's not just predicted that this will happen more and more, it's already happened.
Which ones? the ones that host shady tax and banking laws for tax evaders in the US and around the world?
The EU? Not likely.
https://arstechnica.com/tech-policy/2018/02/european-bankers-scoff-at-bitcoin-for-its-risk-huge-energy-inefficiency/
The US? The US is so corrupt from bottom to top at this point it wouldnt surprise me if the US becomes the only government to accept bitcoin, just so thievery by US leaders can be accomplished more easily.
Russia? Yes probably, but they choose oppression and tyranny over and over again for the last 200 years, so yea.
India? They cant even provide reliable water and electricity for the majority of their population. I am sure accepting bitcoin is high on their list of todos. Oh wait, no it isnt, it is officially banned.
I could go on, but the reality is you can say whatever you want, your actions define you.
Mining bitcoin is stupid as fuck and a huge waste of electricity, and supports the worst sort of criminals mostly.
Not even started talking about how making fake money by running a math program on your computer is like... boasting about being a millionaire even though you inherited all the money from someone else without earning it, or becoming rich by being a 'day trader'.The US has more reason than any else to be against crypto. As the dollar has been the world's standard for awhile now. It is slowly drifting away, but would ALWAYS be in the United States best interest to use the dollar so what you said makes absolutely no sense.
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What happens when cryptocurrency isn't so cryptic any more? Like when quantum computing comes out?
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@tim_g said in Crypto Predictions:
What happens when cryptocurrency isn't so cryptic any more? Like when quantum computing comes out?
Hopefully by then we won't need money. . .
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@tim_g said in Crypto Predictions:
What happens when cryptocurrency isn't so cryptic any more? Like when quantum computing comes out?
We've got quantum computers already, just ask IBM, they'd love to sell you one. They're more like the early 70s computers the size of an entire room for a 10-qbit cpu. They're also very slow because of the sampling process needed to figure out what state the qbit is in.
They would reduce the amount of time needed to break the encryption by an order of magnitude, but you'd need multiple orders of magnitude to get a realistic time scale.
