Til the power is out On Nov 17, 2017 10:34 PM, "Simon Westlake" <[email protected]> wrote:
> All money is money > > On 11/17/2017 10:33 PM, Steve Jones wrote: > > As a bubble risk investment its insane good, look at wikileaks, they had > no choice and have bank. > > > > Its just not money > > On Nov 17, 2017 10:22 PM, "Simon Westlake" <[email protected]> > <[email protected]> wrote: > > It reminds me every time it goes up another $1k that I was really stupid > to not mine it when it was worth 1c. I've been saying since it was worth > $10 that it's gonna crash. A couple of weeks ago I said it was crazy it's > at 5k, it's at 7.5k now. > > > On 11/17/2017 10:20 PM, Steve Jones wrote: > > Crypto currency reminds me of those guys who are always talking about the > superiority of linux and how linux is gonna dominate. > Fanboydom may have many accurate examples, probably is superior, but wont > dominate > > On Nov 17, 2017 8:51 PM, "Simon Westlake" <[email protected]> > <[email protected]> wrote: > >> Good question, I'll have to ask my friends at Infowars. >> >> On 11/17/2017 8:50 PM, Bill Prince wrote: >> >> Wonder about yuan (Renminbi)? >> >> >> bp >> <part15sbs{at}gmail{dot}com> >> >> >> On 11/17/2017 6:47 PM, Simon Westlake wrote: >> >> I doubt krona, rubles, or francs were either. >> >> On 11/17/2017 6:07 PM, Steve Jones wrote: >> >> Out of curiousity, down in puerto rico, was that cryptocurrency buying >> any gas, water ot food? >> >> On Nov 17, 2017 4:48 PM, "Sean Heskett" <[email protected]> wrote: >> >>> Hey Travis and gang, >>> >>> Here's a really good audiobook that does a deep dive into all things >>> cryptocurrency. It was written by a couple of Wall Street Journalist. The >>> link below is to audible.com. It answers a lot of the questions you >>> are asking. >>> >>> ******************************************************************** >>> >>> Hi, >>> >>> I've listened to this audiobook, "The Age of Cryptocurrency: How Bitcoin >>> and Digital Money Are Challenging the Global Economic Order" by Paul Vigna, >>> Michael J. Casey, and thought you would enjoy it, too. >>> >>> It's totally free and you won't need a credit card if it is your first >>> time accepting an Audible book from a friend. >>> >>> Get it here <http://a.co/69VdGfJ> >>> >>> --------- >>> After you accept the book, you will be prompted to download the Audible >>> app to start listening. >>> >>> Enjoy! >>> >>> >>> -Sean >>> >>> On Fri, Nov 17, 2017 at 1:43 PM, Travis Johnson <[email protected]> wrote: >>> >>>> Hi, >>>> >>>> I agree with most of what you said here... however, the original >>>> premise for BTC was that everyone was tired of the "banks" controlling the >>>> money... and charging fees to do so. I just really don't see how that has >>>> changed much... I currently have 4 or 5 bank accounts, all at different >>>> banks... and I control all of them from my computer. I can >>>> send/receive/wire/transfer money in and out of any of them at my own will. >>>> >>>> Also, how is sending BTC from wallet to wallet not free? I have sent >>>> BTC to other people without being charged a fee... I was doing it from my >>>> own wallet on a computer, not using a service. >>>> >>>> For me it just doesn't make sense... I can have a totally free bank >>>> account with an ATM/VISA card that I can use anywhere and not have to worry >>>> about getting hit with fees or the value of my "money" changing every 5 >>>> seconds... and it's insured and if there is an issue (fraud, etc) the bank >>>> covers it. I get none of those features with BTC, and I have to pay a much >>>> higher "fee" to use it. >>>> >>>> The current state of BTC is not how it was envisioned when it was first >>>> created. It has become commercialized and everyone is after their 1.5% fee. >>>> :( >>>> >>>> Travis >>>> >>>> >>>> >>>> On 11/17/2017 12:28 PM, Chris Wright wrote: >>>> >>>>> Many of the negative things you say here about BTC are questions I had >>>>> when I was still learning. Let me clear some things up. >>>>> >>>>> Coinbase charges for when you want to buy BTC with fiat (USD). They >>>>> have a business to run. Everyone here knows that processing debit/ACH >>>>> payments is NOT free. Onboarding your US dollars to crypto currency will >>>>> require a gateway, and every gate requires a gatekeeper, and every >>>>> gatekeeper has mouths to feed. >>>>> >>>>> Sending BTC from wallet to wallet is not free. Current transaction >>>>> fees on Bitcoin are ~$10 USD at the time I'm writing this. Other crypto >>>>> currencies like Ethereum are more robust in this area (~$0.30 currently). >>>>> Every transaction needs to be written to the blockchain, which requires >>>>> mining time, electricity, and processing. >>>>> >>>>> Bitcoin and other cryptocurrencies are doing what the banks have been >>>>> doing for years... it's an electronic ledger. What's a bank statement >>>>> worth? It's only a piece of printed paper or numbers on a screen that show >>>>> how much currency to which one is entitled. It has no value in and of >>>>> itself. A US dollar bill is simply paper; its value is whatever we all >>>>> agree it is. The *big* thing cryptocurrencies bring to the table is that >>>>> your "bank account" is no longer controlled by one central building. Your >>>>> account, or "digital wallet" is controlled by thousands of computers, each >>>>> checking themselves against the other. >>>>> >>>>> The only way someone can hijack the blockchain would be if they >>>>> controlled more than 50% of the compute power in the mining world. Think >>>>> about how many vectors of attack from which our traditional banks are >>>>> vulnerable. >>>>> >>>>> This video answered even more questions I didn't even think to ask... >>>>> I highly recommend giving it your time. >>>>> https://www.youtube.com/watch?v=bBC-nXj3Ng4 >>>>> >>>>> Chris Wright >>>>> Network Administrator >>>>> >>>>> -----Original Message----- >>>>> From: Af [mailto:[email protected]] On Behalf Of Travis Johnson >>>>> Sent: Thursday, November 16, 2017 1:42 PM >>>>> To: [email protected] >>>>> Subject: [AFMUG] BTC >>>>> >>>>> Hi, >>>>> >>>>> The entire idea and goal of bitcoin was to take away the financial >>>>> institutions from having "control" and charging fees to handle money. In >>>>> exchange for no fees (sending or receiving BTC is free), you also have no >>>>> security. Once it's sent, it's gone. >>>>> >>>>> However, now the banks have just been replaced with places like >>>>> Coinbase... bitcoin "exchanges" that charge roughly 1.5% for every >>>>> buy/sell >>>>> transaction... and they take 7-10 business days to convert btc to cash or >>>>> visa versa. >>>>> >>>>> I don't see how this is a long term thing? Once all the "mining" is >>>>> being done by huge datacenters (for another 3-4 years is all), then I >>>>> don't >>>>> see it becoming the new money standard like everyone thinks. You will >>>>> still >>>>> have to pay fees, and someone else is still in control of your money. :( >>>>> >>>>> Travis >>>>> >>>>> >>>>> >>>>> >>>>> >>>> >>> >> -- >> Simon Westlake >> Email: [email protected] >> Phone: (702) 447-1247 US / (780) 900-1180 CA >> --------------------------- >> Sonar Software Inc >> The future of ISP billing and OSShttps://sonar.software >> >> >> >> -- >> Simon Westlake >> Email: [email protected] >> Phone: (702) 447-1247 US / (780) 900-1180 CA >> --------------------------- >> Sonar Software Inc >> The future of ISP billing and OSShttps://sonar.software >> >> > -- > Simon Westlake > Email: [email protected] > Phone: (702) 447-1247 US / (780) 900-1180 CA > --------------------------- > Sonar Software Inc > The future of ISP billing and OSShttps://sonar.software > > > > -- > Simon Westlake > Email: [email protected] > Phone: (702) 447-1247 US / (780) 900-1180 CA > --------------------------- > Sonar Software Inc > The future of ISP billing and OSShttps://sonar.software > >
