Private Money!

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 02 Nov 2017, 12:34

BitCoin futures will be available on the Chicago Mercantile Exchange.
Institutional money is about to flood into BitCoin.
THIS SPACE FOR RENT

User avatar
JasonL
Posts: 21511
Joined: 05 May 2010, 17:22

Re: Private Money!

Post by JasonL » 02 Nov 2017, 12:43

We have added btc index to our internal home page financials.

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 02 Nov 2017, 15:04

WOW What a fantastic interview.
Best deep dive into the financial systems and their inherent problems I've heard in years.
THIS SPACE FOR RENT

User avatar
JasonL
Posts: 21511
Joined: 05 May 2010, 17:22

Re: Private Money!

Post by JasonL » 02 Nov 2017, 16:05

Good interview. There is no real "wall street" view though. Lots of people hate clearinghouses. Lots of people hate the way liquidity is achieved through essentially micro debts and loans to fund instant things that aren't really instant to clear. There is tremendous value to lots of people who would prefer instant exchange of value. The plumbers of the current system are the hostile parties, but that's kind of small group. My company has had a blockchain working group for 2 years and we are testing concepts.

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 02 Nov 2017, 16:22

JasonL wrote:
02 Nov 2017, 16:05
There is no real "wall street" view though.
Sure there is. There may be no "real" Wall Street view, but there is certainly institutional inertia and tribal knowledge undergirding the business models of JP Morgan, Goldman Sachs, and the like.
THIS SPACE FOR RENT

User avatar
JasonL
Posts: 21511
Joined: 05 May 2010, 17:22

Re: Private Money!

Post by JasonL » 02 Nov 2017, 17:33

What I'm saying is some large number of people you may think of as wall street are all muahahaha about blockchain enabled transactions.

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 02 Nov 2017, 17:43

JasonL wrote:
02 Nov 2017, 17:33
What I'm saying is some large number of people you may think of as wall street are all muahahaha about blockchain enabled transactions.
Ah yes. I can believe that.
THIS SPACE FOR RENT

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 05 Nov 2017, 10:25

BTC is soaring ahead of segwit2x.
But the more I read the more it looks like segwit2x is going to be an altcoin trading at a fraction of BTC at best.
The miners really want it, but developers and users are pushing back. This is going to be the first real test over whether the crypto can sustain market forces in the face of central authority.
THIS SPACE FOR RENT

User avatar
dead_elvis
Posts: 711
Joined: 01 May 2010, 15:26

Re: Private Money!

Post by dead_elvis » 05 Nov 2017, 17:04

Don't forget your PIN!

A tale of doing something stupid and redemption. And a reminder that even things that are supposed to be super secure are probably not really.

https://www.wired.com/story/i-forgot-my ... n-bitcoin/
"Never forget: a war on undocumented immigrants by necessity is a war on all of our freedoms of association and movement."

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 05 Nov 2017, 19:37

dead_elvis wrote:
05 Nov 2017, 17:04
Don't forget your PIN!
Always good advice.

Did you do something with your avatar dead_elvis? Suddenly any page with your avatar on it never finishes loading, and your avatar never renders.
THIS SPACE FOR RENT

User avatar
dead_elvis
Posts: 711
Joined: 01 May 2010, 15:26

Re: Private Money!

Post by dead_elvis » 05 Nov 2017, 23:03

Warren wrote:
05 Nov 2017, 19:37

Did you do something with your avatar dead_elvis? Suddenly any page with your avatar on it never finishes loading, and your avatar never renders.
Haven't touched a thing in my settings. Should still be Milo Bloom.
"Never forget: a war on undocumented immigrants by necessity is a war on all of our freedoms of association and movement."

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 06 Nov 2017, 01:09

It's fine now ¯\_(ツ)_/¯
THIS SPACE FOR RENT

User avatar
dead_elvis
Posts: 711
Joined: 01 May 2010, 15:26

Re: Private Money!

Post by dead_elvis » 07 Nov 2017, 16:00

Ooopsie!

https://motherboard.vice.com/en_us/arti ... -hard-fork
According to a blog post released by Parity on Tuesday, the code that fixed the July bug contained another vulnerability. That vulnerability allowed a user known as "devops199" on GitHub, a site for developers to collaborate on open source code, to allegedly accidentally trigger a function that turned the contract governing Parity multisignature wallets into a regular wallet address and made him or her the owner. Devops199 then killed this wallet contract, or, as Parity put it, "suicided" it. This made all multisignature wallets tied to that contract instantly useless, their funds locked away with no way to access them.

If the story is true, it seems like Devops199 was jiggling door handles and when one door opened, they tried to close it and the whole house exploded.
"Never forget: a war on undocumented immigrants by necessity is a war on all of our freedoms of association and movement."

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 08 Nov 2017, 16:41

THIS SPACE FOR RENT

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 12 Nov 2017, 13:12

The last 12 hours have been exceptionally volatile. A hard lesson in trading discipline. I've been on the wrong side of every trade I made. I sold all my BitCoin Cash under $1k (most of it under $500)*. For a while there I thought I might be in serious trouble. Now I'm just sad at the money I didn't make. Kept trying to make up for the last stupid move by making an even bigger stupid move.


*$1400 at the time of this posting. Down from a high of over $2400
THIS SPACE FOR RENT

User avatar
Jennifer
Posts: 21101
Joined: 28 Apr 2010, 14:03

Re: Private Money!

Post by Jennifer » 12 Nov 2017, 14:43

As of yesterday, when Jeff and I stopped to buy gas after a grocery-shopping trip, the immigrant-owned gas station/convenience store nearest to my distinctly downscale apartment complex has a "Bitcoin accepted here" sign in its window. That's the first time I recall seeing a Bitcoin acceptance sign in a non-Internet context.
"Myself, despite what they say about libertarians, I think we're actually allowed to pursue options beyond futility or sucking the dicks of the powerful." -- Eric the .5b

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 26 Nov 2017, 08:45

BWAH HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA
THIS SPACE FOR RENT

User avatar
Andrew
Posts: 5761
Joined: 26 Apr 2010, 21:52
Location: Vale of Eternal Fire

Re: Private Money!

Post by Andrew » 26 Nov 2017, 13:06

?
We live in the fucked age. Get used to it. - dhex

holy shit there will never be an end until the sweet release of death (as dictated by the death panels, natch) - lunch

User avatar
Kolohe
Posts: 12923
Joined: 06 May 2010, 10:51

Re: Private Money!

Post by Kolohe » 26 Nov 2017, 14:14

when you wake up as the queen of the n=1 kingdom and mount your steed non sequiturius, do you look out upon all you survey and think “damn, it feels good to be a green idea sleeping furiously?" - dhex

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 26 Nov 2017, 20:10

Andrew wrote:
26 Nov 2017, 13:06
?
Bitcoin.jpg
Bitcoin.jpg (55.1 KiB) Viewed 308 times
THIS SPACE FOR RENT

User avatar
D.A. Ridgely
Posts: 17620
Joined: 26 Apr 2010, 17:09
Location: The Other Side

Re: Private Money!

Post by D.A. Ridgely » 26 Nov 2017, 21:32

Yeah, that reminds me, how do I go about cashing out that Bitcoin wallet you created for me?

User avatar
Warren
Posts: 22740
Joined: 26 Apr 2010, 17:03
Location: Goat Rope MO
Contact:

Re: Private Money!

Post by Warren » 27 Nov 2017, 09:03

D.A. Ridgely wrote:
26 Nov 2017, 21:32
Yeah, that reminds me, how do I go about cashing out that Bitcoin wallet you created for me?
Right now the only exchange I know of that is working for US customers and allowing US dollar withdrawals is Coinbase. You'll have to create an account with them. Be prepared to establish your identity by taking a picture of your ID, scanning utility bills, etc. You will also want to link a bank account to it. I have a separate checking account just for internet stuff. Don't sell on coinbase.com, sell on gdax.com which is an exchange associated with coinbase.
THIS SPACE FOR RENT

User avatar
dbcooper
Posts: 17919
Joined: 05 May 2010, 15:40

Re: Private Money!

Post by dbcooper » 28 Nov 2017, 21:08

The first Hacker News thread about bitcoin:

https://news.ycombinator.com/item?id=1532670
Slip inside a sleeping bag.

User avatar
Mo
Posts: 21917
Joined: 26 Apr 2010, 17:08

Re: Private Money!

Post by Mo » 28 Nov 2017, 21:48

I suspect TheGlobe.com shareholders felt the same as Warren back in 1999, less so in 2001.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

User avatar
dbcooper
Posts: 17919
Joined: 05 May 2010, 15:40

Re: Private Money!

Post by dbcooper » 06 Dec 2017, 16:22

Lightning Network for scaling Bitcoin successfully tested today.

Transaction took 4 seconds and cost $0.07.
Slip inside a sleeping bag.

Post Reply

Who is online

Users browsing this forum: No registered users and 1 guest