10 more BTC double ups and I can retire
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Originally posted by Hitchhiker's Guide To... View PostHmm I don't know. There's got to be a reason why it has any value, therefore there has to be a reason it should have a specific value. Maybe it's like gold - no inherent value except that people feel it should have value. And there's lots of studies on gold. Must look into it!
Opr
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Originally posted by Opr View PostMost of what your investing in is the sentiment behind the coin. This idea (ridiculous or otherwise to what you believe) of a better society forged through bitcoin. Much of the language around it is very emotive which has given this type of religious faith around it societal importance moving forward. Whether this idealistic talk ever comes to fruition is hard to know but investing in the idea that everyone wants to believe in something better seems like some good magic beans to get in on.
Opr
Mate of mine is balls deep since the start, told me to get involved recently (mate states the above about freedom and all that, but would people saying such really get involved in a drug traffickers dream?)
Gonna be real messy when it dies
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Gold has the inherent value of it's properties. It's durable (relatively) incorruptible, so it can be cast and recast without losing its properties, and does not tarnish. It's easy to work with. You can melt it down and make something else without it becoming corrupted. It was easier in the past to create coins from gold.
If you discover a big golden string in a rock it's easier to be obtained comparing with other metals. But you rarely find a big string.
So it's easy to work with. It's easy to get out of rock when you find it compared to other metals. It's pretty. It can be used again and again and melted down. It doesn't self corrupt like copper and rust. It doesn't tarnish.
It replaced cattle as you don't need to feed it. And there is no mess. You don't have to look after gold. It costs little to store. It does cost you to keep it in comparison to cattle. In other words it's CLEAN. You could be wealthy ..and be a much cleaner type of wealthy.
So culturally it became desirable over other currency. Lots of gold is a nicer place to live than a house with lots of pigs or cows.
Gold is valuable. Because it is pretty. It's rare ..but easy to extract when you find it. If you FIND it it's worth investing in. It's clean durable and can be used. It retained value in coinage as it's non perishable and was not common enough to be amassed by many people. Ten coins would not be worth so much less in six months due to an influx of gold. It was relatively stable in supply. So it became currency not through a decision. But culture.
Iron etc was needed for different things that gold was too soft for. So gold became the currency used to buy Iron. Gold has very little industrial use except jewelry it's not used for anything else really. You can't pass Iron to your kids. It's rusted by then.
It's rare easy to get out. That makes it worth investing in.
It has only one grade. Easy to test ...other things
That gave rise to the cultural and historical financial importance of gold. The choice to back currency with gold happened after silver went out of circulation and before currency was valued by supply and demand of national currencies against each other. .Last edited by Guest; 21-05-17, 12:25.
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Originally posted by NewApproach View PostWon't quantum computing mean that they'll just get incredibly easier to mine and thus destroy the current values?
But I think the real value comes from the fixed number. Even if earning them becomes trivial, the finite number creates value. And people increasingly willing to pay a premium for drugs, could possibly continue to drive the price up.
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Originally posted by Mellor View PostI've no idea how bit coin works.
How do people "mine" coins?
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Originally posted by Opr View PostNo he is right quantum computing would completely destroy bitcoin as it stands. From my understanding currently QC would undermine the actual cryptography which keeps bitcoin safe.
Opr
But not due to the mining getting easier.
Edit:Unless I'm misunderstanding what's involved in mining. I thought it was just some trivial process to generate them. If it involves the security aspect then it's an obvious bubbleLast edited by Mellor; 21-05-17, 12:39.
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Originally posted by Opr View PostNo he is right quantum computing would completely destroy bitcoin as it stands. From my understanding currently QC would undermine the actual cryptography which keeps bitcoin safe.
Opr
But to put this in perspective. ALL file encryptions would be in danger of being breached..emails etc.
Not just cryptocurrency ..but emails log ins ...govt websites.
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Originally posted by Mellor View PostSure, if the cryptography is cracked, they are essentially worthless with no security.
But not due to the mining getting easier.
Opr
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All file encryption are endangered by quantum computing ..so i imagine they will maybe want to avoid that and come up with something...
They will come up with better quantum encryption ..they would have to.
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By the way any companies that say they have quantum computers at this stage are lying. https://www.newscientist.com/article...mputers-speed/
It's marketing at this stage.
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Originally posted by PeaceandFire View PostBy the way any companies that say they have quantum computers at this stage are lying. https://www.newscientist.com/article...mputers-speed/
It's marketing at this stage.
Opr
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Originally posted by Opr View PostIs it 2015? Can I buy some bitcoin from you please?
Opr
2017
The Race to Sell True Quantum Computers Begins Before They Really Exist
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Originally posted by PeaceandFire View PostIt will be a few years before they surpass the threshold of traditional machines.
Opr
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Originally posted by Opr View Post
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Non-quantum computing that uses software to simulate what we think using non-locality in computing would be.D-Wave computer isn't BQP-complete, you can't run any algorithm you want on it. It's much more like a quantum calculating machine it's not computing. And it's not quantum as it is 'Simulated' non locality only.
D -wave is possibly a dead end anyway and they even admitted classical computing could still be occurring. However what it is ..IS an evolutionary dead end. It's a stepping stone or a lesson towards quantum computing. Quantum speed-ups are not at all guaranteed with this design. It might happen occasionally. That is not science ...it's swinging your hammer around and sometimes hitting the nail.
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Anyone here an ornithologist?
A robin built a nest (again) in garden shed but this time he seemed to have abandoned it. Last year he stayed and hatched a family despite me dragging lawnmower etc in and out but not disturbing the nest.
This year he seems to have abandoned a fully formed nest but what looks like a wren is now using it. I think its a wren but cant get close enough to see as he never settles still enough! I cant see a red breast but it is small, brown and has a very upright tail which leads me to believe its a wren but I didn't think they would use a shed or an old nest?
Question; Do wrens nest in sheds and use old nests from another bird? Cannot find answer on google so obvious next step is here.
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Originally posted by TheDrunkenOne View PostAnyone here an ornithologist?
A robin built a nest (again) in garden shed but this time he seemed to have abandoned it. Last year he stayed and hatched a family despite me dragging lawnmower etc in and out but not disturbing the nest.
This year he seems to have abandoned a fully formed nest but what looks like a wren is now using it. I think its a wren but cant get close enough to see as he never settles still enough! I cant see a red breast but it is small, brown and has a very upright tail which leads me to believe its a wren but I didn't think they would use a shed or an old nest?
Question; Do wrens nest in sheds and use old nests from another bird? Cannot find answer on google so obvious next step is here.
SPOILER
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Guys this is my band!
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The poker world is more than just Texas hold'em and the WSOP. At CardsChat, we cover the poker pros, tournaments and cash games, business and technology, law and politics, industry gossip, and just about everything else that might matter to players of the game we all love.
Doyle Brunson is going to play the WSOP starting may 30th....he is 83. Fair play...
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Originally posted by PeaceandFire View Posthttps://www.cardschat.com/news/doyle...ker-2017-44369
Doyle Brunson is going to play the WSOP starting may 30th....he is 83. Fair play...
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Originally posted by Hitchhiker's Guide To... View PostOpened the door to the apartment block and a fly flew in. As I was coming up in the lift it struck me that this is a MASSIVE life event for that fly. Probably first time indoors, will probably spend the rest of his life indoors, will probably crash into a whole lot of windows having never really encountered a window before. Just like that his whole world has utterly changed.
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Originally posted by Hitchhiker's Guide To... View PostOpened the door to the apartment block and a fly flew in. As I was coming up in the lift it struck me that this is a MASSIVE life event for that fly. Probably first time indoors, will probably spend the rest of his life indoors, will probably crash into a whole lot of windows having never really encountered a window before. Just like that his whole world has utterly changed.
They showed one of poor lads being encouraged to go for a swim in the big ocean and be free once he reached his birthday. I kept thinking that sea is a fucking huge place. He is gonna swim out, no idea where he is, no friends or family and gonna have a panic attack shortly after he realises he is lost without anyone to feed him. I'd love to know how many actually survive to adulthood if you put a tracker on them.
OprLast edited by Opr; 21-05-17, 18:00.
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Originally posted by Opr View Post:They showed one of poor lads being encouraged to go for a swim in the big ocean and be free once he reached his birthday. I kept thinking that sea is a fucking huge place. He is gonna swim out, no idea where he is, no friends or family and gonna have a panic attack shortly after he realises he is lost without anyone to feed him.
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Originally posted by Opr View PostI was watching that shitty Irish rip off of the recent buddy comedians visit the world type thing with Dara O'Briain and that other Irish 'comedian' whose name escapes me. They were in Asia where the boom in tourism is having a massive negative impact on the environment especially for turtles. They visited these turtle sanctuaries in which they nursed recused baby turtles to a year old and then released them into the sea.
They showed one of poor lads being encouraged to go for a swim in the big ocean and be free once he reached his birthday. I kept thinking that sea is a fucking huge place. He is gonna swim out, no idea where he is, no friends or family and gonna have a panic attack shortly after he realises he is lost without anyone to feed him. I'd love to know how many actually survive to adulthood if you put a tracker on them.
Opr
Apparently you are never meant to. I don't know really for sure though.
They can never be released into the wild apparently.
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Originally posted by 5starpool View PostI'm seriously going to have to introduce a limit per day the way things are going.
P&F - no need to send me a PM about this.
Ok...you gotta do what you gotta do ..kinda weird though considering.
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Originally posted by PeaceandFire View PostYou're serious aren't you?After everything that happened.Last edited by 6starpool; 21-05-17, 18:42.
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Originally posted by PeaceandFire View PostYou do.
Originally posted by PeaceandFire View PostI don't think i have ever sent a pm that wasn't a response.
Anyhow, please, again, think before you post. If someone posts a generic "Ah I hate work, I have to work late again" or something type post, no need to post something like "It'll work out ok, you deserve a great weekend, you're lovely" type reply. Please. I don't want to have to limit posts, but I will if I have to. Multi quote allows you to reply to several posts at once if you must reply to lots of posts, but it's only one post.
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Originally posted by 5starpool View PostEnlighten me.
Yes you have. You sent me 2 on the 29th April that were about something I posted on thread.
Anyhow, please, again, think before you post. If someone posts a generic "Ah I hate work, I have to work late again" or something type post, no need to post something like "It'll work out ok, you deserve a great weekend, you're lovely" type reply. Please. I don't want to have to limit posts, but I will if I have to. Multi quote allows you to reply to several posts at once if you must reply to lots of posts, but it's only one post.
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