What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Ren's old crypto thread || we know how to buy this stuff now (3 Viewers)

The_Great_Dane said:
For all you guys going BAT, watch out. I got 500 at .16.    But this isn't iota.  BAT has been around since 2012.  Iota since 2017.  I got into bat because of a rens screenshot.  Might hit big or not but been around 5 years.
Click to expand...
It may have been theorized about since 2012 but it's still in the early stages of the development cycle.   They just released 60k in tokens for the user growth pool today.  BAT was a completely nonexistent thing in practice until like October.  

https://techcrunch.com/2017/12/06/brave-makes-push-to-reward-content-makers/

https://www.cnet.com/news/brave-now-pays-you-cryptocurrency-to-use-its-browser/

https://discover.coinsquare.io/digital-currency/basic-attention-token-economy/

https://venturebeat.com/2017/12/06/ad-blocking-browser-brave-courts-new-users-with-free-crypto-tokens/

It's a long-term game they are playing.  Let's see this post again in a year's time (BAT $.2208).  

 
Steam no longer accepting bitcoin. :lmao:  

https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613

Steam is no longer supporting Bitcoin

DECEMBER 6 - KURTIS

As of today, Steam will no longer support Bitcoin as a payment method on our platform due to high fees and volatility in the value of Bitcoin.

In the past few months we've seen an increase in the volatility in the value of Bitcoin and a significant increase in the fees to process transactions on the Bitcoin network. For example, transaction fees that are charged to the customer by the Bitcoin network have skyrocketed this year, topping out at close to $20 a transaction last week (compared to roughly $0.20 when we initially enabled Bitcoin). Unfortunately, Valve has no control over the amount of the fee. These fees result in unreasonably high costs for purchasing games when paying with Bitcoin. The high transaction fees cause even greater problems when the value of Bitcoin itself drops dramatically.

Historically, the value of Bitcoin has been volatile, but the degree of volatility has become extreme in the last few months, losing as much as 25% in value over a period of days. This creates a problem for customers trying to purchase games with Bitcoin. When checking out on Steam, a customer will transfer x amount of Bitcoin for the cost of the game, plus y amount of Bitcoin to cover the transaction fee charged by the Bitcoin network. The value of Bitcoin is only guaranteed for a certain period of time so if the transaction doesn’t complete within that window of time, then the amount of Bitcoin needed to cover the transaction can change. The amount it can change has been increasing recently to a point where it can be significantly different.

The normal resolution for this is to either refund the original payment to the user, or ask the user to transfer additional funds to cover the remaining balance. In both these cases, the user is hit with the Bitcoin network transaction fee again. This year, we’ve seen increasing number of customers get into this state. With the transaction fee being so high right now, it is not feasible to refund or ask the customer to transfer the missing balance (which itself runs the risk of underpayment again, depending on how much the value of Bitcoin changes while the Bitcoin network processes the additional transfer).

At this point, it has become untenable to support Bitcoin as a payment option. We may re-evaluate whether Bitcoin makes sense for us and for the Steam community at a later date.

We will continue working to resolve any pending issues for customers who are impacted by existing underpayments or transaction fees.

-- The Steam Team

 
Digital currency of some form is here to stay. 20 year old video game currency is literally keeping people from starving today.
Bloomberg (possible paywall)

It brings up an interesting thought that had Blizzard designed a virtual currency, instead of a video game, World of Warcraft may have been the next Federal Reserve.

 
Jayrod said:
Yeah, I messed up and funded my USD card first, so I'm waiting for the funds to be available (5-7 days) before I can actually move it into BAT.  Maybe I'll luck out and the price will drop this week.
Click to expand...
BAT is down to 0.17 per.  I may just be getting lucky with this waiting period and help make this an even better investment.

 
There are folks making a fortune on bitcoin, and I totally missed out on that. Every new high, I kept thinking “$2k is insane, $5k is insane, and so on...” I didn’t buy a single bitcoin. So now I am thinking hard about this BAT and ETH but I’m still skeptical. I don’t know what to do. I want to roll the dice. Anyone else in the same boat?

 
It's not very often interested in ICOs anymore.  I believe that ship has sailed for the most part.  But this one definitely has my attention.  

------

Hi,

Thank you for being a Changelly customer. We are thrilled to share some big news with you first, before we make it official to the whole world! 

Do you sometimes feel you could do more with your crypto assets?

Meet Oxygen. It’s the first Decentralised CryptoRepo Platform. With Oxygen, you can generate more income, raise liquidity or borrow any crypto asset to go short.

Please learn more on oxygen.trade.

We would love you to join us on our Oxygen journey and hear your thoughts.

Thank you, 
Kostya Gladych

Co-Founder and CEO 
Changelly

https://oxygen.trade/

 
Last edited by a moderator:
Just wanna say thanks to @ren hoek for being such an evangelist on this.  I threw some money into these and I am quite happy.  Should I sell my bitcoin now?  I really don't know what to do here.

 
ren hoek said:
:lmao: :lmao: :lmao:

The bitcoin : bubble
Click to expand...
dude, just buy back into BTC.  there is way more development in BTC than bitcoin cash. Once the lightning network gets going it's going to make bitcoin cash irrelevant.  Developers will be building a ton of applications on top of the BTC network.  Right now i completely agree BTC isn't useable for smaller transactions, but that will change.

I know how much it sucks to sell low, but don't let that influence your future decisions.

 
ILUVBEER99 said:
dude, just buy back into BTC.  there is way more development in BTC than bitcoin cash. Once the lightning network gets going it's going to make bitcoin cash irrelevant.  Developers will be building a ton of applications on top of the BTC network.  Right now i completely agree BTC isn't useable for smaller transactions, but that will change.

I know how much it sucks to sell low, but don't let that influence your future decisions.
Click to expand...
Did you watch the video?  It's pretty funny, it ends up calling ethereum the next ponzi scheme.  

It isn't influencing anything.  I am genuinely repulsed by the direction blockstream has taken it and have no desire to own it.  I don't care about bitcoin's price anymore.  I don't mean to sound flippant either, I just really don't care.  I sold the last .013btc I'd forgotten about into BCH.  If the developers were so good bitcoin wouldn't become dysfunctional with a 200k tx backlog when there's real traffic on it.  That is just completely unacceptable.

No one wants to actually use bitcoin, they just want to sell it for more USD.  Meanwhile BCH is operating reliably with 0-conf transactions, they're looking to restore the BIP protocols that blockstream/core left dormant, and are preparing for massive onchain scaling and adoption.  They are also looking at smart contracts and restoring color coins to the blockchain.  SBI Holdings, a monolithic financial firm based out of Asia has come out in support of BCH too.  SBI is partnering with Huobi (one of the big exchanges in China that was jettisoned after the crackdown) to build a couple new exchanges in Japan.  Bitcoin is accepted as legal tender in Japan.  It has the 3rd highest marketcap in all of crypto, it isn't going anywhere.  

“The vision of the original Bitcoin white paper written by Satoshi Nakamoto calls for a peer-to-peer electronic cash system. That is a powerful vision, and SBI Group will devote resources to enable a future world where Bitcoin Cash is used globally for daily payments.”
Click to expand...
Blockstream meanwhile has basically crippled scaling so they can monetize sidechains and offchain stuff, which they have patents on.  I want to invest in a currency that allows poor people in the third world to deal in local markets without paying exorbitant fees.  Something Venezuelans can use in a very practical way as a vehicle to protect themselves from hyperinflation.  If it works out that btc is functional, affordable and stable to use with LN then hey that's great.  I'm ok with blockstream/core doing their thing.  Bitcoin used to be about more than just making people rich. 

 
ren hoek said:
It's not very often interested in ICOs anymore.  I believe that ship has sailed for the most part.  But this one definitely has my attention.  

------

Hi,

Thank you for being a Changelly customer. We are thrilled to share some big news with you first, before we make it official to the whole world! 

Do you sometimes feel you could do more with your crypto assets?

Meet Oxygen. It’s the first Decentralised CryptoRepo Platform. With Oxygen, you can generate more income, raise liquidity or borrow any crypto asset to go short.

Please learn more on oxygen.trade.

We would love you to join us on our Oxygen journey and hear your thoughts.

Thank you, 
Kostya Gladych

Co-Founder and CEO 
Changelly

https://oxygen.trade/
Click to expand...
Why this one, ren?

 
Yeah eth hit $744 today and I'm sick about it because I put damn near all of it save for one into gold trying to time the market and I'm literally dying inside but that's ok, I'm still happy for it.  This must be what it's like watching your son grow up.  

Ethereum... I love you... 

 
Last edited by a moderator:
I will say this.  I think the mainstream alts are rising while btc is stagnant because people want a clear exit path and can't get out from the exchanges reliably with bitcoin.  So bitcoin money is flowing into eth/ltc.  

It's like the higher its price rises, the more utility it loses.  If you extrapolate the fees out to the bitcoin price hitting the "$100k" number people keep throwing around, wouldn't the fees be in the thousands?  The floor for it being sensible to withdraw/transact in btc keeps getting higher and higher.  I'm thinking real hard about taking a flyer on segwit2x futures.  I think you can still buy them on hitbtc.  I don't think they can afford to wait for LN much longer.  

 
Last edited by a moderator:
Going to see HIVE Blockchain Technologies today for a luncheon.  I honestly have no idea what this company does but I'm hoping to learn.  Their stock is halted today on news of a bought deal.  

 
Thoughts from you guys on Ripple/XRP? Seems to have a lot of major banks behind it and trading at $.50USD ish

 
I have 2 new entries in my Binance balances. Super Bitcoin (SBTC), in the same amount of BTC that I had sitting around. And BCX in an amount 10K times the amount of BTC I had sitting around. Does this mean there was a fork (or forks)??

 
Nathan R. Jessep said:
I have 2 new entries in my Binance balances. Super Bitcoin (SBTC), in the same amount of BTC that I had sitting around. And BCX in an amount 10K times the amount of BTC I had sitting around. Does this mean there was a fork (or forks)??
Click to expand...
Holding out for MegaBitcoin (MBTC) 

 
Nathan R. Jessep said:
I have 2 new entries in my Binance balances. Super Bitcoin (SBTC), in the same amount of BTC that I had sitting around. And BCX in an amount 10K times the amount of BTC I had sitting around. Does this mean there was a fork (or forks)??
Click to expand...
Yup.  Congrats on the airdrop.  Bitcoin Platinum, Bitcoin God, Bitcoin Silver and several others on the way.  Not even kidding.  

I'd probably just exchange them for real coins.  Some coins are linked to scamwallet sites that take your private keys and steal everything.  

 
Also, just an FYI. If you invite a friend (via email via their website) to join Coinbase, you and the friend both get $10 worth of BTC absolutely free as a bonus once they make a purchase. 

 
#### it...I'm jumping in.  Going to put $500 each into 4 different coins by the end of the week.  Just created all my accounts.

 
[icon] said:
Thoughts from you guys on Ripple/XRP? Seems to have a lot of major banks behind it and trading at $.50USD ish
Click to expand...
2 guys at work are all in on ripple.  they bought in June - they almost had me convinced to jump in but i'm a curmudgeon with this stuff

I think they screwed up though and dumped all at .30 thinking of rebuying it when it dropped again

 
Last edited by a moderator:
General Malaise said:
Going to see HIVE Blockchain Technologies today for a luncheon.  I honestly have no idea what this company does but I'm hoping to learn.  Their stock is halted today on news of a bought deal.  
Click to expand...
They mine Ethereum, full time partnering with Genesis in Iceland and now Sweden because electricity is cheap and reliable and it's cold so nerve centers or whatever don't overheat.  They are hoarding Ethereum.  Stock ticker PRELF and it traded $2.77ish before trading was halted.

I'm still confused.

 
General Malaise said:
They mine Ethereum, full time partnering with Genesis in Iceland and now Sweden because electricity is cheap and reliable and it's cold so nerve centers or whatever don't overheat.  They are hoarding Ethereum.  Stock ticker PRELF and it traded $2.77ish before trading was halted.

I'm still confused.
Click to expand...
Let me know when you want to meet for a blockchain / crypto currency lunch next week.  let's do it!

 
General Malaise said:
They mine Ethereum, full time partnering with Genesis in Iceland and now Sweden because electricity is cheap and reliable and it's cold so nerve centers or whatever don't overheat.  They are hoarding Ethereum.  Stock ticker PRELF and it traded $2.77ish before trading was halted.

I'm still confused.
Click to expand...
I'll simplify it for you: Lambos.  

 
For you sharks, what are 2 or 3 main criteria that you look for when deciding whether to get into a new crypto?  (for example: Market cap + entry price + no direct ties to Putin) :popcorn:  

 
Nathan R. Jessep said:
For you sharks, what are 2 or 3 main criteria that you look for when deciding whether to get into a new crypto?  (for example: Market cap + entry price + no direct ties to Putin) :popcorn:  
Click to expand...
Biggest thing for me is a working product of some sort, or at least a realistic roadmap with clearly defined goals.  Second thing is the team behind it and their reputation.  Third is you want the team to look like pedos, that way you know they're good programmers.  If they look like American Eagle models it's probably shovelware.  

 
I have been doing a lot of learning since right around Halloween. Best thing I can say is you need to do your research, pick something you believe in, and hodl for dear hodl.

 
In to Litecoin at $322 per a couple of days ago.   <_<

Anyone looking for someone to blame for the dip, it is me.  I'm cursed at all sorts of risk taking ventures.

 
Last edited by a moderator:
You must log in or register to reply here.

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Back
Top