Bitcoin

Money, investing, mutuals etc
Sarah
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Re: Bitcoin

Post by Sarah » Mon Feb 21 2022 8:53am

I believe some blockchains are worse than others but all seem objectively pretty wasteful. The "miners" are also causing issues for the PC gaming industry, with high-end graphics card shortages adding multiple £100s onto the cost of buying a gaming rig.
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Sarah
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Re: Bitcoin

Post by Sarah » Sat May 07 2022 9:33am

Matt Hancock thinks we should all invest in crypto. Not him. Just us... :roll:
https://twitter.com/MichaelPDeacon/stat ... HFRXNa5ylg
Matt Hancock has doubled down on his support for crypto and said it is his “mission” to make the British public love digital assets.
“It’s right to say you may lose everything, but you may not right?” said Hancock, adding that he welcomes warnings from the FCA which make investors aware about the risks of investing in crypto.

Hancock, who does not invest in crypto himself, went on to dub rules restricting access to high risk investment products “patronising.”
https://www.cityam.com/my-mission-is-to ... s-hancock/

Sarah
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Re: Bitcoin

Post by Sarah » Sun May 08 2022 7:55am

The NFT boom might be ending... perhaps 'investors' have finally had enough of the colossal theft and scams around this space...

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planteria
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Re: Bitcoin

Post by planteria » Mon May 09 2022 9:55pm

some things will no doubt be tokenised that will do very well, but i haven't ventured into NFTs of any kind. i'm accumulating btc at the moment.

Sarah
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Re: Bitcoin

Post by Sarah » Wed May 11 2022 9:19am

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lol :lol:

Sarah
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Re: Bitcoin

Post by Sarah » Fri May 13 2022 7:50am

Hope nobody here was sitting on LUNA or TERRA the 'stablecoin' with vanishing stability...

'I lost my life savings’: Terra Luna cryptocurrency collapses 98% overnight
https://www.independent.co.uk/tech/terr ... 76655.html

A Financial Blitzkrieg Against Crypto - TerraUSD and Luna
https://youtu.be/Inr5t0Q_JGg

Some folks that highlighted the problems weeks or months ago...

Undeniable Proof that LUNA + UST = Ponzi
https://youtu.be/y_otSD3LYCA

Terra Luna, UST the biggest Ponzi Scheme ever. Deep Dive, including Proof!
https://youtu.be/4z3ROCrpvKQ

Looks like TETHER 'stablecoin' is in trouble too...

Crypto prices collapse with Tether latest ‘stablecoin’ to suffer
https://www.independent.co.uk/tech/bitc ... 78065.html

Sarah
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Re: Bitcoin

Post by Sarah » Thu Jun 09 2022 9:39pm

adyingnobody

Starting next week, if not a hoax/troll/larp/scam/etc ...
adyingnobody wrote:dear crypto,
I want to come clean, and I will likely tear a rift in the entire community while I'm at it and on my way out.

Over the course of these next few weeks I will be releasing 137.21GB of Telegram group chats and messages
adyingnobody wrote:June 15th will publish excerpts from:
- crypto influencers, ranging from as little as 800 followers to as much as 1M followers
- discussions pertaining to racism and homophobia, of adultery and sexual assault on members of the public and those within the crypto communities
- those with 8-9 figures and high amounts of Twitter followers discussing rugpull projects, projects intended to scam the community and individuals, dating between Dec 2019 - Feb 2022
- killing and stealing the crypto of an individual with a group of friends (coordinated through telegram)

June 30th:
- project creators in the top 200 mcap projects, from yield-farming projects, to stablecoins, to AMM's all designed from the start to siphon funds from the majority of users
I absolutely do not recommend having any contact with this person or the published wallet.

Full original text:
https://www.twitlonger.com/show/n_1ss24a6

Some initial analysis and commentary:
https://youtu.be/7EctMxyYYtA
https://youtu.be/HLS_nWWR2ZI

Sarah
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Re: Bitcoin

Post by Sarah » Mon Jun 13 2022 10:57am

#Cryptocrash trending again today.

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"Celsius is Collapsing... Here's Why"
https://youtu.be/d5ll3ByaoHE

Chadwick
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Re: Bitcoin

Post by Chadwick » Tue Jun 14 2022 8:17am

I still don't understand this crypto stuff.
Is it a bit like buying a foreign currency and then when the exchange rates change, your money is potentially worth more or less if you were to convert it back to GBP? Plus, you can use the the foreign currency like cash (if the other party accepts it)?

NFTs are another thing I just don't get. My understanding is that they are like numbered limited edition LPs. All identical, but unique because of the number, and you can't just keep reproducing them because of the number.

And the blockchain provides a means of tracking and controlling all the transactions on the above to provide consistent reliable records and reduce (prevent?) fraud?

pabenny
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Re: Bitcoin

Post by pabenny » Tue Jun 14 2022 9:20am

Sounds to me like you understand it perfectly.

The thing I would add about crypto currencies is that they are significantly more volatile than most conventional currencies.

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