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Search: Posts Made By: Pedro40
Forum: Cryptocurrency May 12th, 2017, 09:17 AM
Replies: 90
Views: 28,049
Posted By Pedro40
Viability and volatility are not mutually...

Viability and volatility are not mutually exclusive but yes, it is not too practical when the currency is that volatile. When a currency is wildly appreciating it encourages hoarding....
Forum: Cryptocurrency May 11th, 2017, 12:56 PM
Replies: 90
Views: 28,049
Posted By Pedro40
Litecoin went up from $5 to $36 in the last 6...

Litecoin went up from $5 to $36 in the last 6 weeks way outperforming BTC due to the Segwit implementation...
Forum: Cryptocurrency March 31st, 2016, 12:29 PM
Replies: 90
Views: 28,049
Posted By Pedro40
Just trade it, it is volatile enough. But don't...

Just trade it, it is volatile enough. But don't hold it for months or years. Basicly any run up can be shorted, and big drops be bought until some big revealing truth hits the market, like another...
Forum: Cryptocurrency March 30th, 2016, 10:36 AM
Replies: 90
Views: 28,049
Posted By Pedro40
Blockchain will stay, decentralized virtual...

Blockchain will stay, decentralized virtual currencies will fade away. Centralized virtual currency will flourish...
Forum: Cryptocurrency March 30th, 2016, 09:55 AM
Replies: 90
Views: 28,049
Posted By Pedro40
I welcome newer and more advanced virtual...

I welcome newer and more advanced virtual currencies for a couple of reasons:

1. It shows that bitcoin isn't unique or in any way valuable itself or limited in supply. By this last one I mean if...
Forum: Cryptocurrency March 11th, 2016, 09:18 AM
Replies: 90
Views: 28,049
Posted By Pedro40
Of course not, when you sign up for one Ponzi,...

Of course not, when you sign up for one Ponzi, you don't want competing Ponzis to suck away possible incoming capital. :)

Right now there are at least 3 technologically more advanced cryptos...
Forum: Cryptocurrency March 10th, 2016, 01:46 PM
Replies: 90
Views: 28,049
Posted By Pedro40
Right, and beside that, it is only limited if we...

Right, and beside that, it is only limited if we think of let's say Corona beer in limited supply. There are other beers that do the same job just fine or even better, so the limited supply doesn't...
Forum: Cryptocurrency January 22nd, 2016, 07:13 AM
Replies: 90
Views: 28,049
Posted By Pedro40
...and here we go, just like I said a few days...

...and here we go, just like I said a few days ago, some retailer is going to make their own virtual currency. That retailer is bigger than Walmart or Amazon, it is CHINA!!!!:

Move Over, Bitcoin:...
Forum: Cryptocurrency January 21st, 2016, 07:05 AM
Replies: 90
Views: 28,049
Posted By Pedro40
Goldman never mentioned "virtual currency". But I...

Goldman never mentioned "virtual currency". But I agree with them, one important usage for the blockchain would be online voting. For example each voter could be issued 1 coin and on the block chain...
Forum: Cryptocurrency January 20th, 2016, 06:06 PM
Replies: 90
Views: 28,049
Posted By Pedro40
Sure but it doesn't have to be a completely...

Sure but it doesn't have to be a completely shitty neckbeard operation like bitcoin. Imagine if Walmart or Amazon would release a virtual currency premined and distributed among retail users. Amazon...
Forum: Cryptocurrency January 20th, 2016, 02:48 PM
Replies: 90
Views: 28,049
Posted By Pedro40
There is no other kind of thinking. If you are...

There is no other kind of thinking. If you are coming with the paradigm shift and other BS, I would like you to remember the late 90s when tech stock went up 100s on no earnings. Profits and a...
Forum: Cryptocurrency January 20th, 2016, 12:23 PM
Replies: 90
Views: 28,049
Posted By Pedro40
Sure they can. They make it illegal to accept it...

Sure they can. They make it illegal to accept it as legal tender for retailers, there goes the usefulness of bitcoin. Then you can only buy alpaca socks from Brazil or drugs from darknet markets, but...
Forum: Cryptocurrency January 18th, 2016, 01:41 PM
Replies: 90
Views: 28,049
Posted By Pedro40
Pizza Hut? How about addressing his concerns,...

Pizza Hut? How about addressing his concerns, all of them were completely legit??? Freaking bitcoin can't even handle m ore than 3 transactions per second, Visa does 10K... Future of money for...
Forum: Cryptocurrency January 16th, 2016, 05:00 PM
Replies: 90
Views: 28,049
Posted By Pedro40
I think he is right on the money.

I think he is right on the money.
Forum: Cryptocurrency January 15th, 2016, 04:35 PM
Replies: 90
Views: 28,049
Posted By Pedro40
Probably way more than you do. It isn't the...

Probably way more than you do. It isn't the miners alone who pay the cost but also whoever buys everyday the extra coins coming into the market. A miner can be profitable, thus he is profiting from...
Forum: Cryptocurrency January 15th, 2016, 02:14 PM
Replies: 90
Views: 28,049
Posted By Pedro40
No such a thing as free lunch. Currently every...

No such a thing as free lunch. Currently every transaction's cost is like $4 I think. (daily coins created x value / daily transactions)

The question is just who actually pays those costs.
...
Showing results 1 to 16 of 16

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