the problem with farming is that it will destroy your SSD after a while.

Quote "Chia is a different animal, though. According to MyDrivers, mining Chia can trash a 512GB in 40 days, while a 1TB SSD lasts twice as long, and a 2TB SSD can give up the ghost in just 160 days, or barely over five months."

https://www.pcgamer.com/chia-mining-can-wreck-a-512gb-ssd-in-as-little-as-6-weeks/

I liked the idea when I first heard about it, but doesn't seem like something that's going to work in the long run?

The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.

So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.

Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?

So if a new monetary system is set in place after a financial collapse and they start to issue CBDC, do you think exchanges will accept them and open markets where they are paired with cryptocurrencies?

And if not how could they stop CBDC from hitting the markets?

What type of effect would that have on the entire cryptocurrency market?

Also who would want to hold CBDC when they see cryptocurrencies going up in price and obviously CBDC reaming/acting as a "stable coin"

maybe ill try to explain my point again, so imagine....

BTC 21,000,000 / Current Circulating Supply / 18,648,793 BTC / Year 2020 / Projected Circulating Supply in 2030 following inflation rate 1.4% = 18,980,000 (for example)

BTC 21,000,000,000,000 / Current Circulating Supply / 18,648,793 BTC / Year 2020 / Projected Circulating Supply in 2030 following inflation rate 1.4% = 18,980,000 (for example)

It would be the same.

So it wont matter FOR US if its a fixed supply of 21 million, because during the course of our human lifespan bitcoin will still inflate at the same rate.

But for people born in say 2120, it will be an issue because there will only be 20 years left before in becomes deflationary, but for all of us born now it has no effect.

Im just addressing the "scarcity" point people always make. Because if it was capped at 21 trillion and was still being mined at the same rate, 21 million wouldn't make it any scarcer.

btw of course i love BTC and the current inflation rate is working well, i believe. Just making a point to hear what others think.

So BTC will continue to be mined until about 2140, when all 21 million are finished. But imagine if there were 21 trillion bitcoins and it finished in say the year 9140, it actually wouldn't make any difference to us than 21 million, because the inflation rate would still be the same. I think the current bitcoin inflation rate is 1.3 percent or whatever. So just imagine if there were 21 trillion bitcoins and 18,648,168 BTC were currently in circulation, do you think people would still say you know there will only ever be 21 trillion bitcoins.... i dont think so. But it would be the same as saying there's only 21 million. Maybe in the year 2130 people can say that when there's only 10 years left but for us who are alive now, why should million or trillion matter. Inflation rate and circulating supply would still be the same.... any thoughts?

I dont think you guys are quite getting my point.... Im not arguing that AVAX isn't an interesting new project offering a service etc. Its nothing to do with the TECH. (and remember tech stays new for like "5 minutes")

Im arguing that why should people choose to use AVAX as a CURRENCY when 50% or 100% (available supply) is already distributed in the hands of a few people. There's 8 billion people on the planet, so how's that gonna work as a CURRENCY.

Distribution is everything. What u guys think?

1) Why should tokens that are minted/created at launch by companies and sold to investors/public have and hold any sustainable long term value?
2) Are these tokens meant to be used as future currency in retail/commerce, how?

For example AVAX created from thin air 720,000,000 tokens. Half were sold/airdropped/team allocated etc, the other half will be used as staking rewards to validators, released over decades.

So how many individuals do you think now own 50% of the available supply of tokens (or 100% considering the other 50% is locked for staking) maybe a few thousand rich people? So how is this any sort of fair or sustainable type of currency, should the majority population ever choose to use it for currency. I guess for me it gets back to mining giving value...

Isnt this just the equivalent of somebody releasing "bitcoin 2", and pre-mining 50% of the supply and allocating half to themselves and their team and then dropping it on the market for us to actually buy with our dollars.

Can anyone explain, am i missing something or on the completely wrong page?

hey chenille you might like to read my thread i posted a few weeks ago about ripple https://bitcointalk.org/index.php?topic=5128696.0

i have no more spare money to buy more now. i just look at the price and wish i could have started this year lol

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  What will you do when the market goes up and you get your money back. Sell or just keep holding?

name one amazing mind blowing world changing thing wikileaks published ever.... there's 0. otherwise put it on this thread.

people who believe wikileaks is the new age gospel of truth representing free speech of the internet couldn't be further form the truth. look ill break it down real simple for the blind deaf and dumb.....


https://www.thestranger.com/slog/archives/2010/07/27/911-truthers-hate-on-wikileaks-founder

who did 911??

https://wikispooks.com/wiki/9-11/Israel_did_it

wikileaks wants to blame and publish ONLY things that make OUR country look bad. people who hold dual citizenship do not feel part of
OUR country would therefore have a reason to leak documents about OUR government but not their own.

Why people cannot see it???

there's more....

https://www.thestranger.com/slog/archives/2010/07/27/911-truthers-hate-on-wikileaks-founder

https://www.timesofisrael.com/wikileaks-posts-removes-anti-semitic-tweets/

https://www.veteranstoday.com/2018/03/01/rt-accidentally-busts-assange-and-wikileaks-as-cia-front/

I am happy he's finally arrested, he's a fake sellout and traitor.

http://www.alternativenewsnetwork.net/wikileaks-rothschild-operation-rothschilds-use-wikileaks-wound-rival-bank/

I can see through the lies in this world.

do you not read the article, facts are facts...


1. a sister-in-law and second cousin of the Rothschilds posted bail for Julian Assange

2. The Economist (a Rothschild magazine) gave Assange its New Media Award in 2008

3. Wikileaks used the law firm Fox Rothschild to overturn a judge’s ruling to order a web host to shut down the Wikileaks site

4. The Guardian and The New York Times, two of Assange’s media partners, are linked to the Rothschilds

5. The owner of the mansion where Assange was eventually put under house arrest has links to Rothschilds

6. Assange’s lawyer is also Rothschilds’ lawyer

7. US Senator Joe Lieberman who was ultimately responsible for making Assange the largest media personality of the decade, is a member of the Council On Foreign Relations (a Rothschild organization)

wikileaks and Assange are part of the Rothschild Family banking dynasty, see here http://www.alternativenewsnetwork.net/wikileaks-rothschild-operation-rothschilds-use-wikileaks-wound-rival-bank/

and some fools are still sending them more bitcoin! https://bitcoinist.com/julian-assange-20k-bitcoin-donations-wikileaks/

I am imagining what could happen if the near future if the entire monetary system collapsed (pretty good chance it will soon) and fiat was worthless and banks insolvent....I think the banks will say, ok we all need to move to a new world currency, its called ripple, we've trialed it for a few years, its all good, sign these bank papers accepting the conversion rate for your account savings or loose everything. In times of a massive world financial crisis the average person having no knowledge and understanding of decentralized systems would just accept it.

Just the fact that....

When Ripple was founded, it created 100 billion XRP tokens of which 80 billion tokens were allocated to the company and 20 billion were given to the three founders, IMO makes it worse than the federal reserve

Here is an approximate breakdown of the distribution of those tokens:

The Ripple company received 80 billion XRP.
Chris Larsen received 9.5 billion.
In 2014, Larsen committed to put 7 billion XRP of this 9.0 billion into a charitable foundation.
Jed McCaleb received 9.5 billion. Upon leaving Ripple:
McCaleb retained 6.0 billion (subject to lock up agreement).
McCaleb’s children received 2.0 billion (subject to lock up agreement).
1.5 billion was given to charity and other family members of McCaleb (not subject to lock up agreement).
Arthur Britto received 1.0 billion (subject to lock up agreement).

BitcoinHodler: Quote "bitcoins still dominates more than 95% of the market"

But that's not true, bitcoin is currently at 50.5%. So only half of the market is currently dominated by BTC.

Bitcoin went from about 84% dominance on March 10th 2017 - 32% dominance January 15th 2018. At this same time Ripple Trojan coin also hit 17% dominance.

The point is if Ripple surpasses Bitcoin dominance.... its all over

https://coinmarketcap.com/charts/#dominance-percentage

Ripple is centralized and not a crypto currency. Not going to type out an essay explaining the technical reasons why ripple is centralized, and most people on this forum probably know anyway and there’s tones of info and articles all over the net for those who want to know, here’s one https://blog.bitmex.com/the-ripple-story/

Question: So what will happen to the cryptocurrency market if Ripple becomes the biggest, most dominant and widely distributed and used network/cryptocurrency?
Answer: We will lose control of the market and our one chance at a decentralized currency.

Question: Money is controlled by people, so do you think those people are going to give up that control?
Answer: No.

Question: So, if a new form of money outside of their control is invented which is a threat to them what are those people going to do?
Answer: Try to control it.

Question: How?
Answer: I think they must invent another “cryptocurrency” to control the market.

Question: What types of characteristics should this cryptocurrency exhibit?
Answer: Centralized. Controlled. Heavily funded. Backed with the support of big banks etc.

Question: What will happen if the attitude of people are like “I don’t give a fuck man, as long as it keeps going up, lambo time”
Answer: You will have contributed directly to all future generations including your own children of not having freedom.

Question: So if you don’t believe Ripple is the Trojan Horse then you have to believe either:

A: The people who control money don’t want to control it anymore.
B: Another cryptocurrency is a Trojan Horse.

Question: There MUST be a cryptocurrency being used for control, so what cryptocurrency do you then suspect of being a Trojan Horse?