The world is and always will be analog. Thats why i put all my money into
debt. Its the only stable market.
Playing a devils advocate though, i couldnt buy a pop with a gold bar at a
gas station if i wanted to either.
Mark dice showed that with silver bars vs candy bars.
Any money only has value if both parties understand and agree on its worth.
I sold a silver dollar once for 28 dollars, because the money had lost its
worth
On Nov 17, 2017 10:43 PM, "Simon Westlake" <simon@sonar.software> wrote:
> When the power is out, no money is money
>
> On 11/17/2017 10:42 PM, Steve Jones wrote:
>
> Til the power is out
>
> On Nov 17, 2017 10:34 PM, "Simon Westlake" <simon@sonar.software>
> <simon@sonar.software> 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" <simon@sonar.software>
>> <simon@sonar.software> 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" <simon@sonar.software>
>> <simon@sonar.software> 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" <af...@zirkel.us> 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 <t...@ida.net> 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:af-boun...@afmug.com] On Behalf Of Travis Johnson
>>>>>> Sent: Thursday, November 16, 2017 1:42 PM
>>>>>> To: af@afmug.com
>>>>>> 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: simon@sonar.software
>>> Phone: (702) 447-1247 US / (780) 900-1180 CA
>>> ---------------------------
>>> Sonar Software Inc
>>> The future of ISP billing and OSShttps://sonar.software
>>>
>>>
>>>
>>> --
>>> Simon Westlake
>>> Email: simon@sonar.software
>>> Phone: (702) 447-1247 US / (780) 900-1180 CA
>>> ---------------------------
>>> Sonar Software Inc
>>> The future of ISP billing and OSShttps://sonar.software
>>>
>>>
>> --
>> Simon Westlake
>> Email: simon@sonar.software
>> Phone: (702) 447-1247 US / (780) 900-1180 CA
>> ---------------------------
>> Sonar Software Inc
>> The future of ISP billing and OSShttps://sonar.software
>>
>>
>>
>> --
>> Simon Westlake
>> Email: simon@sonar.software
>> Phone: (702) 447-1247 US / (780) 900-1180 CA
>> ---------------------------
>> Sonar Software Inc
>> The future of ISP billing and OSShttps://sonar.software
>>
>>
> --
> Simon Westlake
> Email: simon@sonar.software
> Phone: (702) 447-1247 US / (780) 900-1180 CA
> ---------------------------
> Sonar Software Inc
> The future of ISP billing and OSShttps://sonar.software
>
>
