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Showing 8 of 8 results by coltsrule7
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Topic
Board Bitcoin Discussion
Re: Is it still worth mining bitcoin in 2018 ?
by
coltsrule7
on 07/10/2018, 14:59:42 UTC
My question is if it's still worth buying Asic's and start mining BTC in 2018.

If not mine BTC what other coin is it worth to mine nowadays?

It is always worth it to mine btc as long as you don't mind the sound of the machine and/or you are okay with using your electricity bill as a credit card on which to purchase btc every month.

That's how I look at it. I used to have a 2 THs miner plus my S3 miner going and all through out 2015 - 2017 they mined fine. The 2 THs miner was loud as all hell but I put it in the garage so it was okay. But then an angry neighbor smashed it lol. Anyways through that time I never once thought about shutting them off. ( It was to much fun mining ) And the electricity at the end of the day was manageable.
 
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [IPSO] KOLIN [Kolin] [ANN] [TRADING] [UPDATED 08/00/2018] [NEW WEBSITE]
by
coltsrule7
on 24/08/2018, 01:41:54 UTC
Wow just replying for the bounty
Post
Topic
Board Announcements (Altcoins)
Re: ⭐🚀[ANN] Cpollo Is The Lead Token In The Cpollo Platform⭐🚀
by
coltsrule7
on 16/08/2018, 07:29:03 UTC
Hello!

Your project https://icoholder.com/en/cpollo-24400 was selected among others and was added to our listing - icoholder.com. Congratulations!

At the moment your project is unrated (N/A). You can edit your Page by adding more information about your ICO after verification and also verify team members.

https://icoholder.com/en/small-green/24400.widget.svg?width 300

Looking good looking good! Lets get this page some traffic how about it?!  Grin
Post
Topic
Board Announcements (Altcoins)
Re: ⭐🚀[ANN] Cpollo Is The Lead Token In The Cpollo Platform⭐🚀
by
coltsrule7
on 08/08/2018, 01:12:27 UTC
Very interesting will have to look into it some more
 
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
coltsrule7
on 30/07/2017, 02:23:41 UTC
and a coin with 1mb blocks forever has economic viability?
Yes it does.  It would help us secure bitcoin's greatest use case

This is false.  Bitcoin has zero value as a settlement layer because far better alternatives for settlement existed before it's creation (noble metals).  For bitcoin to have value as a settlement layer it would need to be able to compete as the base of Exter's pyramid, but it can't for numerous reasons I've stated before:

1)  Bitcoin has built in middlemen (transaction validators) and counter party risk, negative traits that are typically found among "currencies" and never found among "money".  The entire purpose of the base of Exter's pyramid is to remove counter party risk so that even if everyone else on the planet dies, you are not left holding a worthless coupon.  This is why something is required to be an actual commodity, not a fake psuedo commodity (bitcoin) to be real money.  Bitcoin will always be just a currency alone and not money, and currencies derive value from transaction flow (scalability) not stock.

2)  Money is an abstract concept that represents goods or the ability to do work (services).  This means the ideal form of money would be energy based since it represents both a commodity and service at the same time.  The problem there is that humans don't have the technology to do so and remove counter party risk, and the free market time after time has signaled removing counter party risk is even more important, so it utilized metals.  The fact that anything you do in bitcoin is going to make you a 1 of N participant means there is no removing counter party risk in bitcoin and it's dead on arrival for competing as a settlement system, aka money, aka the base of Exter's pyramid.

3)  All forms of money and currency have elements of a pyramid or ponzi scheme to them, meaning it's all about me finding some resource and hoarding a bunch of it to try and create a master/slave relationship where I now rule over you because I got what you need.  Such a paradigm doesn't actually work with a "virtual" commodity.  If Elwar or Jimbo corners the entire 21 millioin coin market, it really doesn't mean shit to me.  Under no circumstance do I need their coins when they have no intrinsic real world use, so I can completely ignore them and thus no master/slave relationship is formed.  This is also a good reason why gold may lose a lot of it's market cap to silver in the long run due to gold having far less use.

Well one could argue that bitcoins value is derived from the work (labor) needed to bring each new bitcoin to market.  This would be the work performed by the miners and as anybody who has any history with bitcoin and specifically the act of mining would tell you is that at this stage mining is not about the hardware but about the energy required. And the price of that energy. So bitcoin is energy based representing both a commodity and a service, therefore fitting your description of the ideal form of money.
Post
Topic
Board Bitcoin Discussion
Re: Amazing Support for Bitcoin Cash!
by
coltsrule7
on 29/07/2017, 23:23:29 UTC
So what ? That means and adds nothing to the facts.

Exchanges are just businesses trying to get some fees from new users.
The list has grown exponentially just 3 days before the FORK!  Amazing support! Will the parrots start to follow now?  Grin

Exchanges

ViaBTC
OKCoin
OKEx
Bithumb
BTCBOX
MercuryCash
Huobi
Kraken
Coinfloor
Bitfinex
Bitcoins Norway
BitGrail
QuoinExchange
Korbit
QuadrigaCX
BTCpop
HitBTC
MercadoBitCoin
Toubi

WHO ARE THESE ?

Just two or three are known. The rest are brand new ?

Oh yeah and since BCC is gonna be against BTC . Where can you use it to buy stuff ?
Oh sorry I just remembered that it's just gonna be as any available altcoin.

As with any alt coin (that is supported by shapeshift or similar services) it can be used where ever btc is accepted simply by converting it into btc! Problem solved!

Fun fact btc is really accepted everywhere, all you have to do is sell it for Fiat and then use that Fiat to buy the goods!  Then you never suffer from nasty Janet Yellen inflation!  Wink
Post
Topic
Board Bitcoin Discussion
Re: How did you first hear about bitcoin?
by
coltsrule7
on 29/07/2017, 23:09:46 UTC
From The News! I think it was the silk road getting raided.
Post
Topic
Board Trading Discussion
Re: altcoin trading resources
by
coltsrule7
on 02/04/2016, 11:15:53 UTC
First post,
And Im stoned as all hell




But I would enjoy  the same things op want. How?