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Old 10-13-2017, 07:53 AM
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Default Crypto $

Are any of you old farts into this shit? BTC just hit an all-time high last night at $5850. If you aint in on it you better start learning
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Old 10-13-2017, 10:44 AM
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da fuq
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Old 10-13-2017, 10:54 AM
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+1

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Old 10-13-2017, 12:38 PM
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Old 10-13-2017, 01:30 PM
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Quote:
Originally Posted by Magoo View Post
Are any of you old farts into this shit?
Obviously, no, lol. Bitcoin?
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Old 10-13-2017, 07:13 PM
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Meh.

Child porn and drugs and human trafficking. Oh and terrorism.
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Old 10-14-2017, 10:17 AM
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Wow, really. Not one person here knows what crypto currency is? You guys have had to at least hear about it by now
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Old 10-14-2017, 11:46 AM
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So please educate us old farts!

Damn whipped-snappers and your crappo currency. *shakes fist in confusion and anger*
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Old 10-14-2017, 12:24 PM
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Quote:
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Wow, really. Not one person here knows what crypto currency is? You guys have had to at least hear about it by now
Obviously me and Nismom have heard of it...

Doesn’t mean I want to “invest” in it.

BTC and ETH have been relatively silent (or notably losers) until just recently. The idea and complexity are not mainstream. It takes a hacker or nerd to understand it, and that means more importantly PROTECT it. Some fictional wallet stored on some sketchy sites all driven by deep/dark web type shit.
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Old 10-14-2017, 06:34 PM
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Several guys on my team and a few friends are in cryptos. They have made a few bucks, but nothing huge. They watch it like a hawk though. I see it like stocks - put some money in and let it ride for awhile.
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Old 10-14-2017, 07:23 PM
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Yes, it's very similar to a currency stock. You're basically paying money for other type of money.
LSU, I used to think that same exact way but in reading, doing research and using it, it actually has some huge benefits. One of the benefits seem like the speed at which money gets transferred around the world. For example, I can send money to ChriD in California, across the country from NY, and the transaction would take about 3 seconds for a large sum of money.
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Old 10-14-2017, 10:44 PM
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Quote:
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One of the benefits seem like the speed at which money gets transferred around the world. For example, I can send money to ChriD in California, across the country from NY, and the transaction would take about 3 seconds for a large sum of money.
3 seconds vs minutes/hours? Maybe a business day?

I’m just not in the profession or area where I need money transferred this quickly to fulfill some requirement. My money is stored in banks, and I can transfer between accounts instantaneously. I can even pay someone in a distant location using one of many legal transactions means.

Crypto currency solves a problem for those in less scrupulous environments, where such transactions may need to be masked or otherwise untraceable.
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Old 10-14-2017, 11:14 PM
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I would never invest in Crypto, but I have considered building a 'Mining Rig' (a PC with 4+ GPU's) to mine Crypto Coins:


https://www.lifewire.com/cryptocoin-...inners-2483064


https://www.lifewire.com/cryptocoin-mining-101-2483145
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