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Showing 20 of 53 results by simsamsum
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Topic
Board Bitcoin Discussion
CRPT / FIAT flippening?
by
simsamsum
on 06/04/2018, 07:32:36 UTC
How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?

IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".

To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).

Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.

If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL  Wink
Post
Topic
Board Bitcoin Discussion
FIAT / Crypto flippening?
by
simsamsum
on 28/03/2018, 08:13:46 UTC
How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?

IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".

To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).

Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.

If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL  Wink
Post
Topic
Board Bitcoin Discussion
Crypto / FIAT flippening prediction thread
by
simsamsum
on 22/03/2018, 10:12:55 UTC
How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?

IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".

To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).

Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.

If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL  Wink
Post
Topic
Board Bitcoin Discussion
some wise words from 4chan..
by
simsamsum
on 15/03/2018, 13:50:12 UTC
Believe it or not, I just found a post on 4chan that actually gives some decent advise

https://i.redd.it/obbe3ihimul01.png
Post
Topic
Board Altcoin Discussion
Topic OP
Your Prediction For A Crypto / Fiat Flippening?
by
simsamsum
on 08/03/2018, 07:44:26 UTC
How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?

IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".

To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).

Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.

If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL Smiley
Post
Topic
Board Bitcoin Discussion
Topic OP
Your Prediction For A Crypto / Fiat Flippening?
by
simsamsum
on 26/02/2018, 22:44:13 UTC
How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?

IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".

To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).

Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.

If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL Smiley
Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin end?
by
simsamsum
on 26/02/2018, 13:55:07 UTC
Bitcoin right now keeps on increasing its value, and many more cryptocurrencies are occurring.
Do you think someday bitcoin will end or will be replace by other cryptocurrencies?

Is it too late to invest?
Is there a chance that bitcoin will be down?

if they cant scale, yes. If they can, no.
Post
Topic
Board Bitcoin Discussion
Topic OP
When do you expect cryptos to be as convenient to use as FIAT?
by
simsamsum
on 26/02/2018, 13:37:17 UTC
How many years do you think it will take before people can go to most coffee shops / bars / restaurants and pay with crypto?

I myself dont expect to see this before 2025-2030. Just like with Graphene, the current level of real world usage for the blockchain is very similar to that of graphene - "Graphene can do just about anything except leave the lab".

Graphene and blockchain tech can do a lot of wonderful things - both are wonder technologies with extremely high-potential applications. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough and for a low cost, which so far hasn't been the case for either.
Post
Topic
Board Economics
How Much Of Your Total Liquidity Did You Invest In Crypto?
by
simsamsum
on 22/02/2018, 14:44:01 UTC
Personally I have put more than 20% = ~40kUSD into the crypto space. I was only a signature away from a bank loan of 80kUSD in december which I am not extremely happy did not go through (would've bought BTC around 18k). In december my portfolio went from 20k to 81kUSD(was lucky to purchase DeepOnion around 2USD/DO and they hit 18USD/DO 7 days later, and today I am again hovering around 25-28kUSD.
Post
Topic
Board Altcoin Discussion
what are your thoughts on DeepOnion?
by
simsamsum
on 13/02/2018, 08:43:26 UTC
Im interested in hearing your thoughts on DeepOnion!
Post
Topic
Board Altcoin Discussion
Why is Oyster Pearl tanking these days?
by
simsamsum
on 12/02/2018, 09:57:56 UTC
I have been seeing huge gains with Oyster lately but cannot seem to figure out why. Is there any news backing up the recent surge?
Post
Topic
Board Altcoin Discussion
Re: Why is there so many DeepOnion haters in the bitcointalk forums?
by
simsamsum
on 08/02/2018, 13:42:08 UTC
I definitely agree. When you have monetary incentive for people to make posts (airdrop) you quickly get a lot of low quality content e.g. shitposts, just like you do with affiliate networks.. I told recommended the DO community to have some kind of quality check for each of the Airdrop participants to make sure that there wont be too much of this kind of copy/paste content, and so far it seem to be working - slowly.
Post
Topic
Board Altcoin Discussion
Why is there so many DeepOnion haters in the bitcointalk forums?
by
simsamsum
on 08/02/2018, 12:27:34 UTC
I am a long time investor in cryptos. I started investing back in 2012 when BTC was hovering around 50-200USD/BTC. Lately, I have been investing quite a large sum of my portfolio into DeepOnion. I do know that this coin likely will be high risk/ high reward, but I truly believe that privacy coins will be one of the buzzwords within the crypto world in 2018/2019.

I frequently browse bitcointalk and whenever I see a post about DeepOnion it often has a lot of negative comments towards the community and the coin it self. I know that currently DO does not really offer anything that Monero / Spectre / Zcoin does not, and Deepsend and Deepvault will be the first "unique features" for DO.

Why is it that some of you feel so negative about this coin? And please do not start shredding me to pieces just because I have a deeponion signature. I get to be part of the Deeponion Airdrop doing so, so I might as well add it instead of not having any signature at all.

I have probably spent ~100 hours researching everything I could about this particular coin, and still I didn't get the impression that there was anything wrong with either the community nor the dev team.

Looking forward to hear your thoughts.
Post
Topic
Board Service Discussion (Altcoins)
What usually happens to the price of a given crypto coin once the airdrop ends?
by
simsamsum
on 07/02/2018, 22:24:59 UTC
I am interested in hearing what happens once airdrop ends? I have been HODLing and staking Deeponion for quite some time, but I am not sure what will happen with the price once the airdrop ends.. Does any of you have any examples from similar coins?
Post
Topic
Board Service Discussion (Altcoins)
Re: DEEPONION airdrop, how do i get it?
by
simsamsum
on 07/02/2018, 12:03:40 UTC
Don't want to revive a dead thread, but I've kind of been trying to figure out the same thing. I went through the process, put my bitcointalk ID into the site, put the signature and everything of course.

I did receive a very small amount of DeepOnion (like .01) after I signed up and everything, but nothing since it would seem. As I also understand, you need to be active on BitcoinTalk, but I am, and that's all I've seen so far.

I'm going to just head over to their forum and see what I'm missing. Tongue

the 0,01 DO is just to verify that your airdrop address was submitted correctly. Also, you will have to be active in the DO forums as well. If you don't receive any airdrop by the end of the week, simply comment on the weekly airdrop post and let the devs know that you didn't receive any DO's
Post
Topic
Board Service Discussion (Altcoins)
Re: DEEPONION airdrop, how do i get it?
by
simsamsum
on 07/02/2018, 12:02:05 UTC
Morning,

i was thinking paying for some DEEPONION coins but is it possible to get some on the airdrops?

If so, how do i ? I went to the website but it's not accepting my bitcoin userID and also i dont have a deeponion address?

Any Tips?

Cheers

Don't fool yourself. It's not an Airdrop at all.
You need to invest your own money (min $500 for 50 Onion) and post from their behalf.

If you dont have the requirement for people to "chip in" at least 500USD, you get a bunch of low income people that are only interested in free money whom will post a bunch of shitty content. I bought 20kUSD worth of DeepOnion and I haven't even been part of the airdrop yet. When you require an invesment of at least 500USD you at least prevent a lot of the low hanging fruits.
Post
Topic
Board Altcoin Discussion
Re: Do you truly believe in cryptocurrency
by
simsamsum
on 07/02/2018, 11:58:13 UTC
I definitely believe in the underlying tech. I also believe that 2018 will be the year of privacy coins, e.g. Monero, Zcash, Deeponion. If we're going to see a migration of data storage through blockchain, we must have full privacy of all transactions.

To give you a good example, I have pasted a part of the DeepOnion whitepaper below:

An empirical demonstration of this ability to track
the blockchain is visualised through the recent Wannacry
ransomware [10] outbreak that infected millions
of computer systems throughout the world. The ransom
required to decrypt an infected machine’s files was requested
in BTC and the wallet address was therefore
made public, thus available for tracking as well. In
the following months, it became increasingly difficult
for the group responsible to exchange their BTC for
FIAT as every time the BTC moved to another wallet
it could be tracked within the blockchain. Whilst many
may argue that this is a positive feature given that
it was a criminal act, consider the following perfectly
legal scenario. Imagine a negotiating position during a
tender agreement. If a competitor was able to track your
financial investments by obtaining a list of your suppliers
and contractors through blockchain exploration,
this would provide valuable insight into your finances
and undermine your negotiating position. This could
lead to outbidding, corporate takeover as well as a
full disclosure of all previous investments and business
relations. This would be catastrophic for most businesses
and probably one of the key reasons preventing BTC not
being adopted by major institutions where privacy is a
fundamental principle in financial operations (something
that is actually mandated in numerous jurisdictions).
It is clear, therefore, that the level of privacy that
BTC affords to its users is wholly inadequate for mass
adoption. Therefore, it is glaringly obvious that the often
quoted ”anonymous” nature of BTC is indeed a fallacy.

Anonymity is another area of weakness for BTC with
node traffic being sent in an unencrypted fashion. BTC’s
peer addresses are clearly visible IP presenting a prime
opportunity for targeted attacks and consequently network
interruption. This information is trivially obtained
through the ‘getpeerinfo‘ command in any of the freely
available BTC wallets. Not only is it unsecure to involuntarily
disclose the public IP address of your computer
wallet without adequate perimeter defences (Adaptive
Security Appliances etc), it is considered bad practice.
Potential risks include the ability to be able to link a
user’s wallet address to its IP, further disclosing the
identity of the coin holder and possibly resulting in
a more sophisticated, intelligence-based attack. Thus,
protecting the wallet client’s IP address is an imperative
action in protecting your identity and safe-guarding your
financial a ssets. These risks are specifically mitigated
by DeepOnion’s implementation of anonymous TOR IP
addresses.
Post
Topic
Board Altcoin Discussion
Re: Do ALL Coins always move together?
by
simsamsum
on 23/01/2018, 07:11:09 UTC
Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part.  This makes it hard to sell. Is this how it normally is?  Been trading just a month now.


all coins are usually influenced by eachother since a huge amount of bots will short coins against eachother. Huge whales dont want to pay taxes on their gains, so instead of cashing out, they simply move their holdings around. Also note that Bitcoin Suisse is administering more than 500mUSD for their big clients. They do this with countless bots that will short against btc and altcoins. Therefore you often see primarily green candles when the top 20 coins are all in green as well
Post
Topic
Board Speculation (Altcoins)
Re: Good time to buy ETH now?
by
simsamsum
on 23/01/2018, 07:07:53 UTC
Hi guys,

do you think it's a good time to buy ETH now? Price seems to be kinda low, but I'm not sure what to expect from ETH during the upcoming weekend & the aug1-happening after..
Do you think it's better to wait a few days...? 



no one will know. The only people who know what will happen is the one influencing the current dips = huge whales.

Post
Topic
Board Bitcoin Discussion
Re: Getting porn sites to accept bitcoin
by
simsamsum
on 23/01/2018, 07:06:49 UTC
Ok guys. It's time to inform porn industry that we want to pay in Bitcoins. You have any ideas on how to do it? Bitcoin is perfect payment method for p0rn - anonymous and very fast. And they don't care about fluctiation because they profit anyway.
If some major sites will start accepting bitcoins, there will be huge demand for Bitcoins  Cheesy  What do you think?




I suspect that one of the upcoming porn crypto ico's will be doing just that