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Started by Verdigris on Sep 14, 2017 10:36:57 PM
Bitcoin buggered?

Chinese making moves to scupper the crypto-currency.

Are you bovvered?

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indlovubill - 14 Sep 2017 22:40:07 (#1 of 113)

I presumed Bitcoin was a scam and avoided it, could have made fortunes so I'm told.

SunkenTreasures - 14 Sep 2017 22:42:15 (#2 of 113)

You could have made a virtual fortune.

Tomnoddy - 14 Sep 2017 22:49:14 (#3 of 113)

Completely unbovvered.

TRaney - 14 Sep 2017 22:50:58 (#4 of 113)

Not if you're a drug dealer or murderer. Or live in Venezuela or North Korea. Or you're Tass.

Macpaddy - 15 Sep 2017 00:50:57 (#5 of 113)

The end of the bitcoin will hit the deep/dark web hard.

HorseEasyEast - 15 Sep 2017 01:19:28 (#6 of 113)

spread too shallow, too easy to deflate nerds.

I'd like to be wrong, fuck the global banking system and all that, but all the fish are in a convenient barrel.

flossy - 15 Sep 2017 01:43:57 (#7 of 113)

I never understood it, and never found anyone able to explain it. Add to that, I will not be mourning its disappearance either.

But someone, somewhere, certainly made a heap of dosh out of it.

moto748 - 15 Sep 2017 02:02:54 (#8 of 113)

It's an idea that's not going away, though. I believe there are other bitcoin-alikes around anyway.

Tripos - 15 Sep 2017 03:07:30 (#9 of 113)

As I understand it there is a difference between the dark and deep web. Not that you would expect a 'journalist' to make the differentiation clear.

TinyMcOtter - 15 Sep 2017 04:01:12 (#10 of 113)

There's some new 'local' currency being trialled in Liverpool, I read the other day.

Shabbyman - 15 Sep 2017 04:19:14 (#11 of 113)

It's tricky to get more than one car wheel in your pocket though.

tasselhoff - 15 Sep 2017 06:05:55 (#12 of 113)

As I understand it there is a difference between the dark and deep web.

AFAIK that's just journalistic frottage.

And Bitcoin isn't going away.

machiavelli - 15 Sep 2017 06:07:00 (#13 of 113)

The porn industry will have to create it's own crypto-currency.

Buttcoin

kokolores - 15 Sep 2017 06:36:31 (#14 of 113)

There's some new 'local' currency being trialled in Liverpool, I read the other day.

There is also the Totnes Pound, for local people. In Totnes.

https://www.totnespound.org/what

TRaney - 15 Sep 2017 08:45:14 (#15 of 113)

https://qz.com/1065607/dont-believe-the-hype-about-the-tremendous-returns-on-initial-coin-offerings/

Ginmonkey - 15 Sep 2017 08:46:59 (#16 of 113)

I think crypto currency is ok as long as you are aware of the risks and are prepared to lose the lot. The FCA put out a consumer warning about them the other day.

TRaney - 15 Sep 2017 10:52:02 (#17 of 113)

https://jesuscoin.network

machiavelli - 15 Sep 2017 10:59:57 (#18 of 113)

The Jesus and Mary Blockchain?

HouseOfLametta - 15 Sep 2017 11:02:53 (#19 of 113)

Jesus is on the block chain,

Tell him what you want.

TRaney - 15 Sep 2017 13:26:22 (#20 of 113)

More on Jesuscoin

While the founders had hoped for their joke to gain traction in the community and create a buzz, what they certainly did not expect was hundreds of thousands of dollars of transactions to begin occurring as cryptocurrency investors rushed to actually purchase the coin. Soon after things began to get out of hand as the cryptocurrency began approaching a $1m market cap only days into a 60 day crowdsale.

Exactly why this has happened remains a mystery to Jesus and his colleagues, though there are a number of theories. As Jesus Coin is not a security or share, it's actually on far firmer legal standing than the vast majority of ICO's which may run into issues with regulatory authorities. For similar reasons, Jesus Coin is also going to be more easily tradable on the major cryptocurrency exchanges than comparable projects, meaning investors will be able to trade their Jesus Coins for real currency relatively easily. Quite remarkable, the very useless nature of Jesus Coin, accidentally created a currency that's more useful than almost any other.

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