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Search: Posts Made By: SMCJB
Forum: Cryptocurrency June 12th, 2017, 01:35 PM
Replies: 90
Views: 28,667
Posted By SMCJB
Thanks WOW CO Excellent Read. For anybody...

Thanks WOW CO
Excellent Read.

For anybody with Real Vision subscription they have a new interesting 30 min bitcoin video today.

Monday: Of Bitcoin And Bubbles
Tuur Demeester // ...
Forum: Cryptocurrency June 9th, 2017, 05:01 PM
Replies: 90
Views: 28,667
Posted By SMCJB
Yes very interesting. Thanks suko.

Yes very interesting. Thanks suko.
Forum: Cryptocurrency May 14th, 2017, 09:32 AM
Replies: 90
Views: 28,667
Posted By SMCJB
Excellent points Neo1. I was thinking of larger...

Excellent points Neo1. I was thinking of larger sums. If we say coinbase is 2.5% and wire fees are $25 then coinbase is cheaper than wires for anything under $1000 which is probably a lot of the...
Forum: Cryptocurrency May 13th, 2017, 11:25 AM
Replies: 90
Views: 28,667
Posted By SMCJB
I thought one of the big advantages was to avoid...

I thought one of the big advantages was to avoid bank and transfer fees, but now instead your paying different fees.

For example Coinbase's Fees for a US Customer are
0.5% to Buy
0.5% to Sell ...
Forum: Cryptocurrency May 12th, 2017, 01:58 PM
Replies: 90
Views: 28,667
Posted By SMCJB
How does that work? How do they convert their...

How does that work? How do they convert their local cash into Bitcoin? How do their poor relatives they send them to convert them back? It's not like you can walk into your local Bank/Post...
Forum: Cryptocurrency May 11th, 2017, 11:20 PM
Replies: 90
Views: 28,667
Posted By SMCJB
Doesn't that make it a Ponzi scheme rather than a...

Doesn't that make it a Ponzi scheme rather than a viable currency? Anybody out there predicting USDEUR will go to 2 never mind 10?
Forum: Cryptocurrency May 11th, 2017, 04:02 PM
Replies: 90
Views: 28,667
Posted By SMCJB
But how can it be a viable currency when it moves...

But how can it be a viable currency when it moves 100% in a week?
Forum: Cryptocurrency April 28th, 2017, 04:58 PM
Replies: 90
Views: 28,667
Posted By SMCJB
Not sure "use" is the same as "viabile",...

Not sure "use" is the same as "viabile", interesting story though.
For now it's way to volatile to be viable in my opinion.
When you transfer like that what exchange rate do you get?
Forum: Cryptocurrency April 7th, 2016, 09:27 AM
Replies: 90
Views: 28,667
Posted By SMCJB
Not Bitcoin related but “distributed ledger”...

Not Bitcoin related but “distributed ledger” related.

NYT :- Ripple Aims to Put Every Transaction on One Ledger...
Forum: Cryptocurrency March 30th, 2016, 10:20 AM
Replies: 90
Views: 28,667
Posted By SMCJB
many of the things discussed in that NYTimes...

many of the things discussed in that NYTimes article involve the blockchain being used for non-coin/money uses.
Forum: Cryptocurrency March 30th, 2016, 08:42 AM
Replies: 90
Views: 28,667
Posted By SMCJB
This NYTimes article from the weekend discusses a...

This NYTimes article from the weekend discusses a lot of what Pharmakon quoted including companies using Blockchain for purely internal projects.

NYTimes :- Ethereum, a Virtual Currency, Enables...
Forum: Cryptocurrency March 10th, 2016, 01:50 PM
Replies: 90
Views: 28,667
Posted By SMCJB
Interesting perspective, I hadn't thought of...

Interesting perspective, I hadn't thought of that. Supply could potentially be increased by additional cryptocurrencies rather than by additional bitcoins. Interesting. Not sure thats the way the...
Forum: Cryptocurrency March 10th, 2016, 11:55 AM
Replies: 90
Views: 28,667
Posted By SMCJB
The flip side of that argument is that the...

The flip side of that argument is that the limited supply gives it Ponzi scheme similarities. It's value becomes linked to its popularity which I wonder whether that is sustainable.
Forum: Cryptocurrency January 22nd, 2016, 09:41 AM
Replies: 90
Views: 28,667
Posted By SMCJB
NYTimes :- Funds Roll In for Start-Up Harnessing...

NYTimes :- Funds Roll In for Start-Up Harnessing Bitcoin Tech (http://www.nytimes.com/2016/01/22/business/funds-roll-in-for-start-up-harnessing-bitcoin-tech.html)

Bitcoin Tech = Blockchain & not...
Forum: Cryptocurrency January 22nd, 2016, 09:01 AM
Replies: 90
Views: 28,667
Posted By SMCJB
2.5 of your 3 quotes are about the Blockchain not...

2.5 of your 3 quotes are about the Blockchain not Bitcoin.
I think there is a huge divide in the future of each.
Forum: Cryptocurrency January 20th, 2016, 11:20 AM
Replies: 90
Views: 28,667
Posted By SMCJB
The US Government did a pretty good job of...

The US Government did a pretty good job of shutting down online gambling & poker in the US (it was already illegal). How? They made it illegal for Banks, Credit Card Companies, Payment Processors etc...
Forum: Cryptocurrency January 20th, 2016, 10:41 AM
Replies: 90
Views: 28,667
Posted By SMCJB
Jamie Dimon just said on CNBC (in Davos) that he...

Jamie Dimon just said on CNBC (in Davos) that he thinks Bitcoin will go nowhere but that the Blockchain was here to stay and has the ability to change a lot of things.

Interestingly he thinks that...
Forum: Cryptocurrency January 18th, 2016, 10:14 AM
Replies: 90
Views: 28,667
Posted By SMCJB
Thanks. Interesting that he addressed so many of...

Thanks. Interesting that he addressed so many of Hearn's points but avoided the XT issue completely, including the DoS attacks and the censoring.
Forum: Cryptocurrency January 15th, 2016, 02:25 PM
Replies: 90
Views: 28,667
Posted By SMCJB
The coins are created out of nothing, so the only...

The coins are created out of nothing, so the only really cost is dilution.
Forum: Cryptocurrency January 15th, 2016, 01:36 PM
Replies: 90
Views: 28,667
Posted By SMCJB
Payments also become virtually free to execute,...

Payments also become virtually free to execute, as opposed the massive fees charged for credit cards and wire transfers.
Forum: Cryptocurrency January 15th, 2016, 12:42 PM
Replies: 90
Views: 28,667
Posted By SMCJB
I think the technology, especially the block...

I think the technology, especially the block chain concept, is revolutionary and will be the base of many new things to come in the new future.

Unfortunately specific to Bitcoin, I don't see how...
Forum: Cryptocurrency January 15th, 2016, 12:07 PM
Replies: 90
Views: 28,667
Posted By SMCJB
A Bitcoin Believer’s Crisis of Faith

NYTimes :- A Bitcoin Believer’s Crisis of Faith

A nasty fight has torn apart the core software developers of Bitcoin, exposing fundamental differences about the virtual currency's future direction...
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