Message from @Aldo
Discord ID: 400837815874748419
Freedom isn't free
BTC has been a little funky since futures were introduced, as they've used paper gold to control physical gold for a long time it wasn't the greatest news. The hope is that some new crypto will keep popping up to act as a release valve for manipulation. And when Dimon says "government" he means Jews.
well, naturally
>all crypto will be government controlled
cant control all the nodes and cant break the code to take it away fast enough even with quantum processing speed. only thing to control is exchanges and even then the blockchain ISP will make that irrelevent. privacy coins will obfuscate it even more with ring signature.
that CEO doesnt know jack about the tech he is talking about.
the only way they can stop it now is by shutting down the grid which they wont do.
Who mines Monero here?
i do
just upgraded my setup too
thinking of moving some profits into mining
Don't have enough money to buy a dedicated mining rig, I've seen some people rig up USB coprocessors. Any info on that?
let me give you the skinny on mining. assuming the coin price stays stagnant you will make your investment back in about 1 year 3 months. however the coins always go up more than what they were a year ago, if you want to start mining a different coin because it has become more profitable it works just as well, the parts you buy will have a minimum age range of 5 years (really about 7-8).
have you heard of BURST?
nope
on the USB coprocessors, i dont think they are really that viable imo.
better to save up the 3k for a decent rig to put together
im going to read up on burst. looks like an interesting concept.
if it doesnt constantly overwrite bits on free space then it could be really good.
I need to learn more about all the tech, just starting a data structures course which I'll follow with a cryptography and then cryptocurrency course
hasn't stopped me from speculating though, why do you say "if it doesnt constantly overwrite bits on free space then it could be really good." if you don't mind briefly explaining?
I'm currently using a laptop and cooling pad to mine Monero but I think I'll get to work on building a dedicated mining rig over the spring and summer.
Of course it helps that I'm taking computer architecture this spring.
nice
any particular reason why Monero for mining? Besides it being a good coin?
I think that if any other coin has a chance of increasing in value like Bitcoin, it's Monero as it offers something more of value than just "being like Bitcoin".
Namely it offers more privacy
it's a solid one for sure
BTW total newb question but, how do you buy crypto currency with us dollars?
https://www.coinbase.com/ and I'm hearing more about https://gemini.com/ might be cheaper than coinbase
Interesting, Gemini is what the bitcoin futures contracts are based off of, and a lot of brokers use Gemini as a reference point for the "official' price of bitcoin.
I take it you can also sell crypto currency there as well right?
I know nothing of Gemini tbh, checking it out
Yes, coinbase also owns the site GDAX.com which is an exchange with charts and more intracate ways to buy/sell
for altcoins there are a variety of popular exchanges, some I can think of are www.bittrex.com www.binance.com www.gate.io www.huobi.pro www.poloniex.com www.bitfinex.com
Thanks
I end up using a bunch because some have the coin I want but not another etc etc
How much are you averaging or most spent on transaction fees when sending bitcoin to another address??
I will bite. Sent $5.00 to IE just testing out this as new. And came to $19 something! 😱