All you Bitcoin treehuggers.................

[tmader7]

" There are a number of proposals for technical changes to Bitcoin that may take effect in the coming weeks. The UASF with deadline August 1st, 2017, could represent risks such as replay attacks and even a permanent Bitcoin chain-split. For this reason, all Bitcoin services will be temporary suspended starting July 31st, 2017, for approximately 48 to 72 hours, until the network is deemed stable again. Our recommendation is to contact your Bitcoin wallet provider for more information on how these changes will affect any bitcoins you may be storing. You may also find more details here."

Thank you for your comprehension in this matter.

5Dimes Group Management.

 

[Soxfan1]

So back to money gram I guess.

 

[tmader7]

So back to money gram I guess.

I'm an outspoken critic of Bitcoin. The SEC won't have a damn thing to do with it, neither will I.

~T~

 

[Soxfan1]

Can you tell us why thanks in advance.

 

[tmader7]

Here's a little intel to start, BAS, not sure where I'd post this but the guy asked, wtf am I supposed to do???

http://www.wealthdaily.com/articles/is-ethereum-and-the-digital-currency-market-over/8784

~T~

 

[DosEquis153]

Looks like it's just an opinion piece. Bitcoin may come and go but the Blockchain technology is a revolutionary aspect on par with the advent of the internet. It's very early in it's development and still finding the possible ways of it's usefulness. Bitcoin as a currency, Ethereum as a smart contract. The possibilities are only limited by the imagination at this point. It would be foolish to be pouring your life savings as an investment medium; yes. But it would also be foolish to not have at least 1 BTC stored into a paper wallet on a flash drive in a bank account.

 

[tmader7]

Looks like it's just an opinion piece. Bitcoin may come and go but the Blockchain technology is a revolutionary aspect on par with the advent of the internet. It's very early in it's development and still finding the possible ways of it's usefulness. Bitcoin as a currency, Ethereum as a smart contract. The possibilities are only limited by the imagination at this point. It would be foolish to be pouring your life savings as an investment medium; yes. But it would also be foolish to not have at least 1 BTC stored into a paper wallet on a flash drive in a bank account.

I'll expound later, but YES, blockchain is here to stay, all the major banks are in development mode to use it, some ahead of others, but I expect all to be on board in the next 1-2 years. I can still remember the evening I was sitting at a table having after work cocktails with a top gun at BOK (Bank of Oklahoma) and he pulls out a debit card and says this is the new "money," lol. We ain't seen nothing yet.

~T~

 

[tmader7]

Just one of many stories/times the SEC has shot them down:

http://www.nasdaq.com/article/sec-r...kyrocketing-cryptocurrency-explained-cm798195

Until our major banks adopt and implement blockchain, I'd stay the hell away. Yeah, the run-up has been nothing short of phenomenal, but as an astute trader in the stock market, I've seen this before and rarely has Newton's laws of gravity been broken.......what goes up, must come down.

~T~

 

[rpark]

Blockchain as a technology is not going away. Each country will have their own online currency that works with blockchain. No government is going to create an online currency that they cannot control like bitcoin.

 

[tar_heel_in_sc]

What's the latest on this? Now that it's 7/31, any new intel?

 

[blackchina]

Just one of many stories/times the SEC has shot them down:

http://www.nasdaq.com/article/sec-r...kyrocketing-cryptocurrency-explained-cm798195

Until our major banks adopt and implement blockchain, I'd stay the hell away. Yeah, the run-up has been nothing short of phenomenal, but as an astute trader in the stock market, I've seen this before and rarely has Newton's laws of gravity been broken.......what goes up, must come down.

~T~

if you are staying away then you are missing the greatest opportunity of wealth creation. I have been in it a while and bitcoin will continue to go up

 

[blackchina]

A lot of new money is coming in and becoming more mainstream

 

[tar_heel_in_sc]

So the split has now happened. How, if at all, will this affect those of us who use bitcoin as a payout method? In other words, I don't leave bitcoin sitting around in my blockchain wallet as an "investment". I convert it to USD right away, then send it to my bank. Are things still ok on that front?

 

[DosEquis153]

Yes they are OK

Essentially Bitcoin Cash was an alt-coin that copy/pasted the source code for Bitcoin. In the world of Open Source software, it's a pretty dick thing to do.

One of the grand aspects of the blockchain is that everyone who participates has a vote. It is not controlled by one central agency or organization. Sure there are disproportionately larger share holders of the technology, but without the adoption of the general user base, shit deals don't go very far. There wasn't a lot of support for the initial release of the hard fork Bitcoin Cash - despite the seemingly propagated fear campaign that had been spreading for months.

Personally, I am reserved when reading opinion pieces and group-think efforts to cause FUD within the bitcoin community. The principle technology is sound and I believe it's a better alternative than credit for online transactions. Those are the only pieces of information I need to continue my use and investment. There are a lot of old money institutions, governments and organizations that do not benefit from a decentralized currency. Some might say it even threatens their control and or existence (or profits).

For your intents and purposes, Bitcoin Cash might be a better service. It has a faster transactions hashrate and more scale-able. But so would Litecoin, DASH, Monero, Namecoin, Dogecoin, etc. There are a few crypto exchanges that will accept it and actively trade it and you have the choice to use it as your transaction medium (Another grand aspect!) - or you can stick with Bitcoin and forget all this ever was a thing in 6 months, which is what I plan to do.

 

[tar_heel_in_sc]

Thanks DosEquis.

 

[tmader7]

if you are staying away then you are missing the greatest opportunity of wealth creation. I have been in it a while and bitcoin will continue to go up

Yeah, I'm loaded to the gills in AI (although I don't personally expect to become one of Cuban's new "Trillionaires") and I've got my fair share in weed companies. Seriously doubt I'm missing out on "wealth creation" next phase of my investments.

~T~

 

[blackchina]

Yeah, I'm loaded to the gills in AI (although I don't personally expect to become one of Cuban's new "Trillionaires") and I've got my fair share in weed companies. Seriously doubt I'm missing out on "wealth creation" next phase of my investments.

~T~

actually yes you are but to each his own. good luck to you. i'll just keep making money

 

[tmader7]

actually yes you are but to each his own. good luck to you. i'll just keep making money

Just make sure you bail before the first big bank implements Blockchain. And those dumb bastards that think their Bitcoin transactions can't be traced, think very hard again, lol. GLTU as well.

~T~

 

[tmader7]

This be the next Digi-Tal currency:

Well, that didn't work, link just took us to my inbox, lol. Litecoin be the one. Details were in the email but can't figure out how to post it, short of copying the whole thing.

You're welcome.

~T~

 

[DosEquis153]

For short term profits, there is a lot of upside and excitement for NEO Coin. Recently rebranded from Antshares just last week.

It is China's equivalent to the Ethereum blockchain of smart contract technology. For reference, ETH is trading around $300 at the time of writing this while NEO is valued a little under $50. This initial drive is a News bubble IMO as the temptation for quick profits gets around the internet. Even this post here is the very act of spreading that hype bubble. I expect there to be a correction down, but then the next wave of investing hopeful will pile on and drive it closer to near ETH valuation.

It works the same as ETH for being the platform that dApp designers can use, but the very different distinction is that it's made in China, by Chinese, for China. The country and their own government has a history of protecting their own markets in favor of a State brand. Think Weibo (Facebook) Alibaba (Amazon) WeChat (WhatsApp) - These are all companies that are not only local for the Chinese, but have considerably more networth and user bases.

My own crypto portfolio holds BTC + ETH and I just do a weekly purchase of what I could afford to lose, but I have taken a small share of my BTC and bought into NEO early (Bittrex is the only exchange) - It may be fun for a short ride, but I also think it's a good long position a couple years down the road.