Message from @Wotan Klan-GA

Discord ID: 401113253645647872


2018-01-11 02:41:10 UTC  

any particular reason why Monero for mining? Besides it being a good coin?

2018-01-11 02:45:29 UTC  

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".

2018-01-11 02:47:47 UTC  

Namely it offers more privacy

2018-01-11 02:49:13 UTC  

it's a solid one for sure

2018-01-11 03:15:23 UTC  

BTW total newb question but, how do you buy crypto currency with us dollars?

2018-01-11 03:16:17 UTC  

https://www.coinbase.com/ and I'm hearing more about https://gemini.com/ might be cheaper than coinbase

2018-01-11 03:16:57 UTC  

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.

2018-01-11 03:17:49 UTC  

I take it you can also sell crypto currency there as well right?

2018-01-11 03:19:07 UTC  

I know nothing of Gemini tbh, checking it out

2018-01-11 03:20:17 UTC  

Yes, coinbase also owns the site GDAX.com which is an exchange with charts and more intracate ways to buy/sell

2018-01-11 03:21:01 UTC  

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

2018-01-11 03:22:52 UTC  

Thanks

2018-01-11 03:23:11 UTC  
2018-01-11 03:23:25 UTC  

I end up using a bunch because some have the coin I want but not another etc etc

2018-01-11 11:13:39 UTC  

How much are you averaging or most spent on transaction fees when sending bitcoin to another address??

2018-01-11 12:00:44 UTC  

I will bite. Sent $5.00 to IE just testing out this as new. And came to $19 something! 😱

2018-01-11 12:01:28 UTC  

So $14 mining fee!?

2018-01-11 13:31:17 UTC  

So BTC is down. Is the whole market down?

2018-01-11 15:34:03 UTC  

Comment from HN https://news.ycombinator.com/item?id=16121434

"Yes, there was extremely wide discussion in 1999 and 2000 about the dotcom party being typically somewhere between fraudulent and a giant bubble. The Buffett side of traditionalists won that argument, by a landslide. In the end, profits mattered, sales mattered, and something a lot closer to a traditional valuations model won out.
There was common discussion about junk dotcoms like TheGlobe.com, DrKoop.com, Geocities and dozens of others, and how they had no actual sustainable business (and often no plan for when they'd develop one). Scient, Viant, Razorfish, MarchFirst, and dozens of dotcom service companies were granted crazy valuations versus existing traditional peers (which is history rhyming re Ripple vs PayPal/Stripe/Square/Ant/etc).

The high burn rates, the lack of business models to actually make money, some that went public with practically no plans for how they'd make money at all, extremely high valuations on the few that were making money, and so on. These things were all very widely discussed, many skeptics were shouting about it, it wasn't popular to give them TV talking time (channels/sites like CNBC et al have a vested interest in pushing exuberence)."

2018-01-11 16:23:40 UTC  

@this_that5553 yes, it's hard to balance optimism and pessimism especially in the short term vs near term. For example, there were signs of a housing bubble in 2006 but the crash in 2008 didn't even dip below 2006 levels so it would not have been ideal to start holding off at that point. Seems the economy has feast and famine periods and you lose a lot if you don't eat during the feast periods. Personally I've dealt with this ambiguity by having already pulled out my initial investment in crypto, only using profits, and I will probably take some of those out soon too

2018-01-11 20:40:51 UTC  

@here I’m ready to buy my first Cryptocoin, specifically Iota. Can someone help walk me through the process?

2018-01-11 20:59:28 UTC  

@Wotan Klan-GA as I understand it most people start by buying Bitcoin and then using that on an exchange to trade for a coin like Iota

2018-01-11 21:08:01 UTC  

@Aldo
[6:27 PM] Aldo: 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?

if it constantly overwrites bits on free space then it will drastically reduce the life of the drive and lead to bit errors.

2018-01-11 21:10:48 UTC  

when you save something to your hard drive it saves it in new space, when you delete something it is still there and the UI shows it as new free space however the computer will continue to write on "true free space" until it no longer can and will start writing on the deleted file free space.

2018-01-11 21:11:18 UTC  

the reason it does it this way is because writing bits on top of bits will reduce the life of the hard drive.

2018-01-11 21:12:34 UTC  

there is a few other things going on as well but this is a very simple explanation. its also the reason you dont want to defrag an SSD

2018-01-13 00:49:49 UTC  

Best XRP wallet? Thoughts?

2018-01-13 02:04:05 UTC  

Potential major strike against the jewish banking system:
https://usethebitcoin.com/arizona-allow-people-pay-taxes-cryptocurrencies/

2018-01-13 04:32:23 UTC  

Crypto speculation is a great way to maybe make money but the idea that it will replace government issued currency is insane. How is anybody even thinking that? I mean, a US law requiring backbone providers to filter out port 8333 and bitcoin protocol is all it would take to shut it down forever. Again, it is fun, make we can make some money. I have been mining since 2013 and i love the algos behind it. Anybody that thinks bitcoin can become money and government 'cant do shit about it' should explain how bitcoin is different from Schrute bucks being currency.

2018-01-13 04:32:27 UTC  

https://cdn.discordapp.com/attachments/393499059752796160/401594321398398987/unknown.png

2018-01-13 04:33:24 UTC  

I guess maybe some bros could run wifi p2p network... in the woods... but less than 150 feet apart

2018-01-13 13:15:37 UTC  

Yeah tbh, it’s too easy to lose your life savings with crypto. Maybe somebody will sell crypto insurance though

2018-01-14 01:22:02 UTC  

>some bros could run wifi p2p network
thats literally the idea behind blockchain ISP. there are ways to make it work.

2018-01-14 01:22:12 UTC  

decentralization is the future of the internet

2018-01-14 01:22:33 UTC  

bitcoin just happens to be the first real good thing to come from it

2018-01-15 00:30:57 UTC  

Any of you goys with significant crypto holdings will probably appreciate a little something I whipped up in mspaint after seeing my blockfolio this morning

2018-01-15 00:31:32 UTC  

https://cdn.discordapp.com/attachments/393499059752796160/402258467282485248/image.jpg

2018-01-16 18:49:00 UTC  

https://cdn.discordapp.com/attachments/393499059752796160/402897044160774144/image.jpg

2018-01-16 19:28:39 UTC  

Haha

2018-01-16 19:54:11 UTC  

yeah what happened, everything halved or quartered this week