Off Topic Does anybody understand bitcoin?

A nod of my head does that.

Has done for years, even when pound notes were still in circulation .

#GTFBC

 

Ireland has electricity now?

Good on them.

 

You can do that by SWATting. And it's cheaper.

 

My dentist said nobody should ever bite coins. Very bad apparently.

 

Which is why I'm against it - for 3 reasons

1. it's not democratic - if you have more processing power you can earn more - computers cost money
2. it hasn't stopped the speculators who ruin our economies
3. electricity isn't free either - the Bitcoin system is essentially flawed by finite resources and ultimately isn't good for the planet

 

Word

 

You excel.

 

Neither is the Rothschild banking system. Which is in every country except N Korea, Iran, Venezuela . Odd that these countries that don't have the system are the 'axis of evil' apologies OLM

 

Bitcoin sets people free from central bank control. HSBC laundered drug money for years, fact , proven, BBC.
People have still bought drugs, guns, assassinations way before bitcoin.

 

Yeah, but when I bought them before bitcoin...

...never mind

 

The world is run by psychopaths, as is Hull City. Shall we rise up or just continue our 9 to 5 and 2 days off a week ? Probably the latter as we have always done.
I'm as guilty as the next man.

 

As ever Newsthump have explained it usefully

 

25% down in one week, ouch.

 

The song 'Tubthumbing' is a decent analogy for Bitcoin..

 

Nobody will ever convince me that this is anything other than mental.

http://www.bbc.co.uk/news/technology-43030677

 

They need to mint more shillings for the meter.?

 

I got into Bitcoin about 5 or 6 months ago through a mate.

There is real potential to make some good money in the next year to 18 months because of halving in May.

The halving is a event that happens roughly every 4 years and reduces the mining reward by half.

At the time of the last halving in July 2016 the price was $640 and by December 2017 it reached around $20k.

If that was repeated this time you'd be looking at $265k in around October next year.

This is not financial advice. Obviously no one would take advice from someone on the Internet without doing there own research...

 

Here's a great book on the subject:

https://www.amazon.com/dp/1621575764/?tag=not606-20

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Yes, it's more about bitcoin than it is about Google.

 

Don't know much about Bitcoin but I have made good money investing/betting on the Football Index.

Was drip feeding small deposits for a few months then last May I thought **** it and stuck in, what for me, is a fairly substantial amount.

Doubled my money since then.

With the piss poor returns you currently get on savings and investments can only see more and more people looking at alternative ways to make a bit of money.

 

That's what prompted me into Bitcoin. I was barely getting enough interest a month to cover a Costa coffee.