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winter-hater club member
Join Date: Oct 2003
Location: salt lake city, utah
Posts: 24,705
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Quote:
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2000 Corvette - ????, 2007 Buell XB9R - Astrid, 1996 Discovery - Piglet, 2000 Forester "COOL PRIUS!" - Nobody Ever |
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12-08-2017, 07:27 PM
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Registered
Join Date: Sep 2015
Location: NY
Posts: 6,863
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Guess we shall see.
As an aside does anyone else have NEO? Heard there's a chance that China will endorse and it'll become the Chinese version of Ethereum. It's anecdotal, so again take it for what it cost you. And for full disclosure I own some. |
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12-08-2017, 07:58 PM
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Registered
Join Date: Oct 2003
Location: Roseville, CA
Posts: 3,066
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Im thinking a big drop, possibly followed by a big rise, though not to new highs.
I doubt ripple will do much, and I'm fine with that. Get rich slowly. |
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12-09-2017, 07:02 PM
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Functionista
Join Date: Jul 2011
Location: CO
Posts: 7,717
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Easily hacked/manipulated dark web BS?
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Jeff 74 911, #3 I do not disbelieve in anything. I start from the premise that everything is true until proved false. Everything is possible. |
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12-10-2017, 07:38 AM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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12-10-2017, 10:15 AM
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Almost Banned Once
Join Date: Feb 2009
Location: Adelaide South Australia
Posts: 38,245
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- Peter |
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12-10-2017, 11:34 AM
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Registered
Join Date: Jan 2007
Location: Australia
Posts: 7,917
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There are plenty of naysayers. Bitcoin is as just a digital currency. I can use it to pay bills, I can send it to people and I can convert it to cash. It is no different to what you use now. You pay your bills online, you swipe your card at the shops etc. So is your bank account digital currency until you convert it cash at an atm? Bitcoin is the same. And I have nothing to do with the dark web.
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In Heaven… the mechanics are German, the chefs are French, the police are British, the lovers are Italian and everything is organized by the Swiss. In Hell…the mechanics are French, the police are German, the chefs are British, the lovers are Swiss and everything is organized by the Italians. Last edited by dewolf; 12-10-2017 at 09:12 PM.. |
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12-10-2017, 07:12 PM
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Super Moderator
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So... anyone mining it? I posted in another thread.. no response. I’m shocked no one here is trying.
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Chris ---------------------------------------------- 1996 993 RS Replica 2023 KTM 890 Adventure R 1971 Norton 750 Commando Alcon Brake Kits |
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12-10-2017, 07:42 PM
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Registered
Join Date: Sep 2007
Location: Ventura County, CA
Posts: 4,018
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Craig T Volvo V60 - Daily Driver (I love it!) 997 Turbo - FVD Exhaust, GIAC Tune - 542 dyno hp on 93 oct 1972 Chevy K-10 Pick-Up Truck Hugger Orange 
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12-10-2017, 07:52 PM
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Functionista
Join Date: Jul 2011
Location: CO
Posts: 7,717
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From the comments in article above..
So a national government or some political sub-unit (state, city, county, province, canton, etc.) is going to accept BTC to pay taxes? Because until that happens "fiat currency" isn't going to die. The whole thing is ridiculous. BTC is only useful as a way to buy illegal stuff and buy across national borders since no currency conversions are necessary. But BTC is a terrible store of value (kind of important for a currency) and because no one needs BTC (the way I need USD to pay my city, county, state, and federal taxes) it has no intrinsic value so there's always a risk it will be "myspace-ed" one day by a competing crypto currency like Ethereum. But I wish you early adopters well and please post up some cool rags to riches pics.
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Jeff 74 911, #3 I do not disbelieve in anything. I start from the premise that everything is true until proved false. Everything is possible. |
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12-10-2017, 08:00 PM
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Registered
Join Date: Jan 2007
Location: Australia
Posts: 7,917
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Wow that guy doesn't know what he's talking about. I can pay my tax with my BTC. In fact, I can pay any company etc with a biller code.
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In Heaven… the mechanics are German, the chefs are French, the police are British, the lovers are Italian and everything is organized by the Swiss. In Hell…the mechanics are French, the police are German, the chefs are British, the lovers are Swiss and everything is organized by the Italians. |
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12-10-2017, 09:14 PM
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83 911 Production Cab #10
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Bitcoin is not the only crypto currency and they can be sold or bought at some ATM machine.
 
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Who Will Live... Will See 83 911 Production Cab #10, Slightly Modified: Unslanted, 3.2, PMO EFI, TECgt, CE 911 CAM Sync / Pulley / Wires, SSI, Dansk Sport 2/2, 17" Euromeister, CKO GT3 Seats, Going SOK Super Charger |
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12-11-2017, 02:13 AM
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Registered
Join Date: Jan 2007
Location: Australia
Posts: 7,917
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And more to come next year as all Hyosung ATM's will be Crypto Compatible.
The thing I like about paying a bill with Bitcoin is, next week I have more money than I started with. If the price drops I use normal currency. If the price is rising I use BTC.
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In Heaven… the mechanics are German, the chefs are French, the police are British, the lovers are Italian and everything is organized by the Swiss. In Hell…the mechanics are French, the police are German, the chefs are British, the lovers are Swiss and everything is organized by the Italians. |
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12-11-2017, 03:39 AM
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Super Moderator
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Quote:
Technically your plan above you could do with dollars... ...pay in cash when the value drops - use a credit-card when its rising. 
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Chris ---------------------------------------------- 1996 993 RS Replica 2023 KTM 890 Adventure R 1971 Norton 750 Commando Alcon Brake Kits |
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12-11-2017, 05:23 AM
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Too big to fail
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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12-11-2017, 06:22 AM
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Too big to fail
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https://www.cnbc.com/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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12-12-2017, 08:40 AM
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Too big to fail
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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12-12-2017, 08:41 AM
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Super Moderator
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Quote:
When they lose their ass, they will complain the loudest and cry for regulation.
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Chris ---------------------------------------------- 1996 993 RS Replica 2023 KTM 890 Adventure R 1971 Norton 750 Commando Alcon Brake Kits |
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12-12-2017, 08:42 AM
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Registered
Join Date: Apr 2005
Location: outta here
Posts: 52,927
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What's the best way to get out of the bit coin?
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12-12-2017, 08:50 AM
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Registered
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Sell on an exchange. Coinbase and I think Gdax are the most popular (in the US at least), but there are other ones like Kraken and Poloniex that are good too.
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Amir '83 911SC |
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12-12-2017, 08:59 AM
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1970 Porsche 911 S 
Das Babe
Das Babe Metalberiech
1983 Porsche 911SC 3.0 liter flat-six 204hp
