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Ren's old crypto thread || we know how to buy this stuff now (1 Viewer)

chet said:
Serious question:

i have a friend who needs to get $20mm USD out of Angola. The money is denominated in Angola Kwanza (~200 kwanza / USD). 

Could crypto currency be used here?
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Was it similar to this email?

"This letter may come to you as a surprise but I really prayed to God to help me choose somebody that will be my true partner. My name is Augusto Nandu Savimbi. I am the first son of Mr. Jonas Savinbi, the leader of the UNITA movement in Angola. May be you know that my father was killed recently in Angola by the Angola Government soldiers and has been buried. Two weeks before he died (May be he know he will die) he called me and showed me a box containing US$ 35 million and some Diamond value about US$18 million. He send the box to a security company overseas in one country in the West, for safe keeping with a false name. He give me the certificate of deposit and the code number. With that I collect the box anytime I want. Now I want because my father is dead and I need the money to take care of my family left behind of about five wives and twenty five children. I am now hiding as the government of Angola look for me to kill and also the former commanders of my father want to get me also. I have to be careful of my movement that is why I need your help to get the box and keep it until I can escape and meet you and you help me invest the money in your country or where it is good."

 
Megaton said:
Seems rock solid. 
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Brendan Eich is the complete opposite of the hypebeasts fronting for other cryptos.  Quiet, methodical, diligent, driven, a real background in product development. It's easy to underestimate the connections he has.  

Firefox has been thrown around as integrating BAT.  If that happens that is 160 million users instantly.  The network effect and real world applications for this thing is honestly ridiculous.  

 
ren hoek said:
The value is in the network (and in ethereum's case, decentralized computation for different sorts of applications) with blockchain.  Part of the reason so many industrial players are setting up on the ethereum chain, other than the fact that it is already established and has a solid ecosystem built around it and is doubling the Bitcoin network's tx throughput on a regular basis, is that there is a profit incentive for users to mine, run nodes and participate in the protocol. 

Without that incentive, there is no network.  I'm probably describing that poorly but it's a really unheralded part of the equation when people talk about "value".  
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So I take it you are not going to be a buyer in my ICO.

 
ren hoek said:
Brendan Eich is the complete opposite of the hypebeasts fronting for other cryptos.  Quiet, methodical, diligent, driven, a real background in product development. It's easy to underestimate the connections he has.  

Firefox has been thrown around as integrating BAT.  If that happens that is 160 million users instantly.  The network effect and real world applications for this thing is honestly ridiculous.  
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I really like BAT, I have a little. I worry about the circulation amount. It would seem that any amount in the billions is meant to be a small store of value but maybe thats the idea for the nano transactions within the ecosystem. I do agree that it has the ability to transition to the mainstream a lot faster than other cryptos. I could be wrong about the circulation amount. That could end up being less a factor on its store of value as the market cap rises.

 
Bojang0301 said:
I really like BAT, I have a little. I worry about the circulation amount. It would seem that any amount in the billions is meant to be a small store of value but maybe thats the idea for the nano transactions within the ecosystem. I do agree that it has the ability to transition to the mainstream a lot faster than other cryptos. I could be wrong about the circulation amount. That could end up being less a factor on its store of value as the market cap rises.
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Im not sure how divisible it is but I think it goes out at least 10+ decimal places.  So micro transactions can happen on an extremely small scale while the marketcap grows billions of dollars outward.  

Anyway.  Habbening 

https://twitter.com/BartBaker/status/953752677992751105?s=17

https://imgur.com/a/GPVVt

https://twitter.com/duckduckgo/status/953277470295384064

https://twitter.com/BrendanEich/status/948688891405455360?s=17

 
I saw some highlights of a bitconnect kick-off (or rally of some kind).  The lead guy cheering/speaking/screaming was a gigantic #######.  Please don't tell me this #### sucker isn't in jail - or in hiding for fear of his life.  

 
I bought about 500 coins of BAT for around $0.48 cents.  Up around 20 percent from a few hours ago.   I hope ittakes off..

 
ren hoek said:
Sure.  The entire income stream for the browser, the api, users, publishers, developers, rests entirely on the token itself.  Best place to look for metrics on the marketcap / units in circulation is coinmarketcap dot com 
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So I get paid to surf the web if I accept advertisements?

 
eoMMan said:
Are any of these coins or the technology patented in any way?
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Like bojang was saying, most of them are opensource.  There are a few that are premined/centralized, most of them however are minable or bring utility in a decentralized way.  

It's interesting you mention patents though.  A while back goldman sachs was granted a crypto patent late in 2015.  Basically for an exchange coin that would allow securities to be settled along with crypto markets on it.  

https://www.investopedia.com/news/goldman-sachs-cryptocurrency-patent-setlcoin-crypto-settlement-system/

Looks like a huge monopoly they're being granted as an exchange.  

 
Any questions we would like answered in an FAQ?  I get questions from time to time in PM and have been meaning to add something to the front page.  Lemme knews, we've all been there.  

 
regularguy said:
Anything behind TRON's bounce today?  I might be able to get out of that one with a minimal loss after all.
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Why would you sell Tron, even if you got in at .20 it’s got a ton of volume and it’s going to go up soon, can’t keep it down that long. My brother went to the store yesterday to purchase bitcoin from some service they have, the guy asked him what he was buying, my brother says Tron, and the guy says “YES load up, I’m buying more too”. I would wait it’s up this morning again. That thing could be .50 real soon...

 
Jake22 said:
Why would you sell Tron, even if you got in at .20 it’s got a ton of volume and it’s going to go up soon, can’t keep it down that long. My brother went to the store yesterday to purchase bitcoin from some service they have, the guy asked him what he was buying, my brother says Tron, and the guy says “YES load up, I’m buying more too”. I would wait it’s up this morning again. That thing could be .50 real soon...
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Love the fundamental analysis going on in here.

 
tron is likely vaporware.  they also probably plagiarized their whitepaper.  doesn't mean you can't make a buck off trading it but I'd proceed with caution.

 
Jake22 said:
Why would you sell Tron, even if you got in at .20 it’s got a ton of volume and it’s going to go up soon, can’t keep it down that long. My brother went to the store yesterday to purchase bitcoin from some service they have, the guy asked him what he was buying, my brother says Tron, and the guy says “YES load up, I’m buying more too”. I would wait it’s up this morning again. That thing could be .50 real soon...
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Orrrrrr....large groups of pump and dump artists are coordinating on Dischord... and are about to pull the rug out from under everyone NOT in that chatroom. :lol:  

 
Jake22 said:
Why would you sell Tron, even if you got in at .20 it’s got a ton of volume and it’s going to go up soon, can’t keep it down that long. My brother went to the store yesterday to purchase bitcoin from some service they have, the guy asked him what he was buying, my brother says Tron, and the guy says “YES load up, I’m buying more too”. I would wait it’s up this morning again. That thing could be .50 real soon...
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.50 would put it at a 30 billion cap...not happening.

Also as others have stated TRON is likely a scam with no real goal.  The founder is a ####.

 
Yeah, I sold my TRX last night and moved it into BAT immediately.  I missed out on a bit more TRX pump overnight, but the BAT also rose after I bought.  Definitely more comfortable going forward now despite what Jake's brother thinks. 

 
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