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General => General Discussion => Topic started by: tk[as] on December 04, 2017, 12:47:36 PM

Title: How about that bitcoin..
Post by: tk[as] on December 04, 2017, 12:47:36 PM
Last serious argument we had about it.. It was like 300 a coin. 11k now. Sure would have been nice to buy a coin or two back then huh
Title: Re: How about that bitcoin..
Post by: I hate naggers on December 04, 2017, 12:52:42 PM
yep. u haz? me no haz bitkoin
Title: Re: How about that bitcoin..
Post by: I hate naggers on December 04, 2017, 12:53:05 PM
i mean me haz like 0.05 BTC just to have a wallet nearby
Title: Re: How about that bitcoin..
Post by: Certified MENSA Genius Brain (smart) on December 04, 2017, 12:58:20 PM
Last serious argument we had about it.. It was like 300 a coin. 11k now. Sure would have been nice to buy a coin or two back then huh

yea... markets are so irrational

http://forum.war2.ru/index.php/topic,3616.0.html (http://forum.war2.ru/index.php/topic,3616.0.html)
Title: Re: How about that bitcoin..
Post by: Every Billionaire is a Policy Failure on December 04, 2017, 01:00:52 PM
Venezuela to launch oil-backed cryptocurrency
Title: Re: How about that bitcoin..
Post by: tk[as] on December 04, 2017, 04:45:33 PM
I haz. I will haz more soon.
Title: Re: How about that bitcoin..
Post by: Certified MENSA Genius Brain (smart) on December 07, 2017, 04:33:41 PM
Title: Re: How about that bitcoin..
Post by: easycompany on December 07, 2017, 05:45:29 PM
 $17,551.10 USD (26.06%)
1.00 BTC (0.00%)

how much is it really worth...maybe to high to cash out
Title: Re: How about that bitcoin..
Post by: ~ToRa~ on December 08, 2017, 12:27:20 PM
Check out “Banking on Bitcoin” on Netflix
https://www.netflix.com/title/80154500?s=i&trkid=14183197 (https://www.netflix.com/title/80154500?s=i&trkid=14183197)
Title: Re: How about that bitcoin..
Post by: tk[as] on December 11, 2017, 12:53:38 PM
Also bought some ethereum and litecoin ... So far I'm making money on all fronts.

Title: Re: How about that bitcoin..
Post by: tk[as] on December 11, 2017, 12:55:12 PM
As far as the energy consumption with bitcoin transactions.. That's currently in the works. Its a new technology that will become more efficient over time
Title: Re: How about that bitcoin..
Post by: tk[as] on December 11, 2017, 12:57:08 PM
It would be interesting to know the true energy consumption of swiping your credit card.. All the electricity to run the machines, power the facilities, gasoline consumed by the banking employees etc..
Title: Re: How about that bitcoin..
Post by: Certified MENSA Genius Brain (smart) on December 11, 2017, 12:59:25 PM
As far as the energy consumption with bitcoin transactions.. That's currently in the works. Its a new technology that will become more efficient over time
i dont think it will.  at least with "mining" it's designed to become an increasingly difficult process to limit the bitcoin supply, meaning it will take more and more energy to incrementally add more bitcoin to the ecosystem
Title: Re: How about that bitcoin..
Post by: CumSavorer4385 on December 11, 2017, 06:44:57 PM
As far as the energy consumption with bitcoin transactions.. That's currently in the works. Its a new technology that will become more efficient over time
Title: Re: How about that bitcoin..
Post by: tk[as] on December 12, 2017, 08:42:41 AM
http://mashable.com/2017/12/01/bitcoin-energy/#OwD.eT3B5Pqx (http://mashable.com/2017/12/01/bitcoin-energy/#OwD.eT3B5Pqx)
Title: Re: How about that bitcoin..
Post by: tk[as] on December 12, 2017, 08:47:05 AM
Also.. Moore's law. Processing power doubles every 2 years. It's been pretty accurate up to this point, and now we're entering the age of Quantum Computers.

This will play a factor in the amount of energy needed to mine 1 bitcoin.
Title: Re: How about that bitcoin..
Post by: CumSavorer4385 on December 12, 2017, 10:10:36 AM
Also.. Moore's law. Processing power doubles every 2 years. It's been pretty accurate up to this point, and now we're entering the age of Quantum Computers.

This will play a factor in the amount of energy needed to mine 1 bitcoin.
Title: Re: How about that bitcoin..
Post by: IBecomeShivaDestroyerOfGN on December 14, 2017, 11:19:29 PM
the real question is: HAS ANYONE SEEN SMURF KING LATELY?

haha, remember he told everyone put their life savings in 5 years ago and we all thought he was crazy. probably smurfking is living in the virgin islands on a 100ft catamaran yatch. :)
Title: Re: How about that bitcoin..
Post by: CumSavorer4385 on December 16, 2017, 08:59:58 AM
the real question is: HAS ANYONE SEEN SMURF KING LATELY?

haha, remember he told everyone put their life savings in 5 years ago and we all thought he was crazy. probably smurfking is living in the virgin islands on a 100ft catamaran yatch. :)

more like thailand with a bunch of 11yo boys in a houseboat
Title: Re: How about that bitcoin..
Post by: GreenPlastic on December 16, 2017, 09:21:40 AM
Also.. Moore's law. Processing power doubles every 2 years. It's been pretty accurate up to this point, and now we're entering the age of Quantum Computers.

This will play a factor in the amount of energy needed to mine 1 bitcoin.


https://www.technologyreview.com/s/601441/moores-law-is-dead-now-what/ (https://www.technologyreview.com/s/601441/moores-law-is-dead-now-what/)
https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/ (https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/)

Apparently, ASICS will still be faster than quantum computers for mining bitcoin for the next 10 years.  Also, Moore's law hasn't really held true for a while now because you can only shrink transistors so much.  Intel has only had 5-15% ipc improvements generation to generation for roughly the past 8 years.