It doesn’t appear he got rich either…
I think what some people are missing in applying traditional outlooks for this is that Bitcoin and Crypto is like gold and beads of centuries ago except digital and a much much deeper global penetration. Think about it, literally anybody in the world with internet connection can either buy on exchanges like Coinbase or acquire into their wallet by other means. Now add to that the global gaming community. It is not hard to imagine that either there’s a universal game cryptocurrency built off of Bitcoin or in game currency bought with Btc. The implication of something like IOTA intrigues me even more, I am mostly speaking about microtransactions and internet-of-things. just imagine this, you have task robots interacting with each other and “paying” each other with crypto, every time that robot goes to recharge- a transaction is made, every time there’s some service done- a transaction is made. Does it matter that the human population does’t see value in this? Not really because if you take gold and beads from way before, they did not have any value except for the fact that somebody was willing to trade a service or a spear or a knife for a bead or a piece of gold. Now imagine millions of microtransactions between appliances and robots etc. that create the value in “section C” , then you have tens of millions of humans who deem Bitcoin to be worth something in “section B” and then the hundreds of millions of “normal” people who say that dollars (or whatever ruling currency of the day is) are worth something in “section A”. And then imagine you own a whole bunch of the coin that “section C” uses, it is tied to the value of Bitcoin or should I say convertible into it, what does all of this mean? I know my imagination is running wild and that there are things I don’t understand, and all of this is swirling in my mind but this stuff is truly fascinating.
I’m trying to put into words this idea that you can hold currency that robots use and that becomes more and more in demand, and convert it along a chain into money that is acquired by traditional means Ie physical labor…so Joe from Smithtown would scratch his head and tell you to go take a hike if you tried giving him some IOTA for him to dig you a foundation, but you could take that same IOTA, convert it to Bitcoin, and convert the Bitcoin into cash in a section of the global population that deems Bitcoin valuable without regard as to how Joe feels about it, and then take that cash and give it to Joe for the foundation. At the same time , a fraction of the currency by the time it is converted into dollars could be worth years of Joes labor. It is seemingly insane and at the same time so intriguing!
Things like that is why I believe a lot of the bankers, wall street people are currently scratching their heads. It’s hard to wrap your brain around and see all the implications!
i’m on page with you and Josh and I have been talking about it for the last couple of hours.
i just need to be told or understand how multi-nationals are going to integrate blockchain. if these currencies are tokens of their respective blockchains then is BTC only a store of value along the BTC block and will companies have to port thier systems over to the BTC block or will they integrate blockchain of their own accord with their own internal tokens?
what you’re saying is that even if they did have their own token those tokens would be converted to BTC as the base or reserve digital currency similar to how the US dollar is used right now?
gaming is an application i didnt think of. sure it is high tech but i think the volume of transactions isnt nearly as large as financial institutions. In particular, based on the videos i posted in the blockchain thread, it looks like international remittances is the most obvious front for where blockchain integration makes the most economic sense.
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lol, josh just sent me 0.00178 BTC for lunch since he didnt have cash. we’ll see how much tat cost him in 3 years time.
I would actually like to see if someone with more knowledge can either add on or discredit it. I"m more or less being creative with the little amount I know so far.
When I speak gaming, I speak as an additional factor that cements the use of cryptocurrency and Bitcoin in general. If you look at the market, most of the money today is made by sales within a game. Most popular phone games use in game coins, gems etc. that can be bought with real cash. the most popular pc and console games have weapon crates etc. etc. that are also bought with dollars. As I understand it most of the profit for these games comes not from the game itself but whatever people buy after installing the app/game. I don’t think it’s too farfetched to think that at some point either there’s a universally adopted token that is converted into BTC as the base instead of the dollar(Or should I say BTC is used to buy this Token). Ideally you would have games that use BTC but I think the fees etc. are an issue. Maybe something like IOTA could be used. I think for a long time gamers (e-sports) have sought a more “real” in game money system that could be translated into money that has value in the “real world”. I would be curious to see some data on how much money is spent within games and apps across the board, all platforms of play, and how much money is involved in all the exchanges between gamers who sell accounts, items, weapons etc. Bitcoin as the base and some other currency that is adopted could eliminate all the “mess” that exists and make it all a lot easier. Even if every company had their own token it would still make sense to base off of Bitcoin. I can’t speak for the mechanics of how it would all work but in theory it makes sense to me and has been heading in that direction for some time now I think. I use Bitcoin as a base because if you look at daily graph data from Coinbase, Ethereum and Litecoin seem to follow Bitcoin very closely on the peaks and dips. On exchanges like Binance , seemingly everything is traded using BTC and the volume for IOTA shows up in BTC.
And again this is just one aspect I see where gaming contributes but there are so many other things to think about. I think essentially this means that Bitcoin (or maybe some other one?) has the possibility to become the global digital reserve currency at some point replacing the dollar. It makes sense in terms of it not being controlled by one nation state, ease of global access, not so sure about the stability aspect of it. That is beyond me. I just know that say when I was in Russia, Belarus or Ukraine, you arrive there, then you go to a market and seek out the black market money changer, change your money into local currency (have to make sure your bills are crisp and in $20+ denominations) sometimes they won’t take your bills because there’s a mark on them etc. etc.The reason for going there instead of a bank is by experience, the “official” bank conversion rate is between 20-30% less than a “money changer” at least in those countries. I won’t pretend like I understand why that is, could be just in those countries. This could be a much cleaner system for global travel and currency exchange.
Edit: I agree with you as it stands we dont send our inlaws that much because last time we sent $200 there was a $40 fee. (Western Union) even if we sent them $30 every month it would take care of their food bill. Most of the Russian community here sends cash with people who are flying over which is risky business. BTC could eliminate the need for all of that and make it easy .
Not exactly what I imagined but something interesting to read even if it is their “brochure”. Now think about automation (driverless cars , drones , swarm drones) and Space. Traditional currency is too cumbersome for those applications (not what site is about). https://blog.iota.org/iota-data-marketplace-cb6be463ac7f
Feds Steal $1.74 Billion in Bitcoin, Kidnap Man for Life for Building Website that Used It
You forgot the link lol
Conspiracy outpost??? LoL
EDIT: The creator of the silk road was jailed long long ago.
3.07 
He just lost his appeal which is why its back in the news
How do you guys feel about the creation of BTC derivatives?
I tend to keep quite locally about my investments with cryptos. Alot know ive been in it on and off since 2011.
I’m known in crypto and also being friends with john mcafee helps in the crypto land but locally i tend to hide just for the sake of everyone asking me how to make money in crypto.
Ive made over x,xxx,xxx total like i showed LZ. BUT that is not just buying BTC and holding. I trade & also do arbitrage trading, i hammer big wins on some ico’s and i also have a group of almost 500 people under me i make $ off of on some of the platforms i run or promote.
Id be willing to share some advice if people will actually take it.
There is plenty of $ to be made. Just gotta use your brain and diversify.
i wanna hear this
True story 
What’s the local electricity rate, I’m looking up profitability of mining and I have no clue what the electrical rates are.
:lol: :lol:
If only there was a bill you get every month with this info…
Or a website you can login and check these things…
I’ve already tried that. Maybe I’ll just call them. It’s not that clear what my rate is. But thanks for the helpful comments as usual, glad I’m also here to give you laughs!.
as of today, i believe all the parts for rig # 1 are here!
Share away, my future is very important to me.
Get a time machine and start buying BTC when Choko did :lol:
He was trying to get me to buy a bunch a couple years ago 