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Is anyone else starting to become a bit worried? mod note in first post

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Comments

  • Registered Users Posts: 1,573 ✭✭✭WhiteMemento9


    ZeroThreat wrote: »
    Don't knock it, probably means that Pintman Paddy & JohnnyFlash's postings on this subforum will diminish....


    :D

    If you can't laugh at the clowns then you are doing it wrong ;)


  • Closed Accounts Posts: 1,115 ✭✭✭asteroids over berlin


    this cycle is nothing new, still a long way to go yet to hit the highs of Late last year, i expect to see all time highs in the coming months, cashing out by summer is just a bit OTT (not financial advice!!), why do you say this? Look at the trends over the years, each year there is just more money at play before each big dip, history doesn't always repeat itself and 1 day it won't and indeed many coins will fail, arguably many projects already have, they are just so far down you haven't noticed them other than bitconnet
    Personally i can see the likes of China allowing people to invest again this year. As more of the projects come to fruition i.e. a working application/framework etc, the only way is up for the good solid projects, which you should be investing in already. Already we can see the beginning of adoption, it is just like the dot come bubble with speculation, indeed many will fail, many will prevail and a few will be giants along with this, alas, some investors will get burnt, some will do ok, some will do very well and some will be multi millionaires/billionaires.

    It is far from over! * not financial advice


  • Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    this cycle is nothing new, still a long way to go yet to hit the highs of Late last year, i expect to see all time highs in the coming months, cashing out by summer is just a bit OTT (not financial advice!!), why do you say this? Look at the trends over the years, each year there is just more money at play before each big dip, history doesn't always repeat itself and 1 day it won't and indeed many coins will fail, arguably many projects already have, they are just so far down you haven't noticed them other than bitconnet
    Personally i can see the likes of China allowing people to invest again this year. As more of the projects come to fruition i.e. a working application/framework etc, the only way is up for the good solid projects, which you should be investing in already. Already we can see the beginning of adoption, it is just like the dot come bubble with speculation, indeed many will fail, many will prevail and a few will be giants along with this, alas, some investors will get burnt, some will do ok, some will do very well and some will be multi millionaires/billionaires.

    It is far from over! * not financial advice

    Covering all your basis there haha


  • Registered Users, Registered Users 2 Posts: 18,208 ✭✭✭✭Dohnjoe


    I'm not complaining, but can someone tell me what's going on? It's a sort of free-fall in reverse....

    Natural crash in Feb after ridiculous rises in Dec and Jan. Market rebounded, but the drops kept coming. Every time it seemed a new floor was found, it would drop again, lowering market confidence each time. Seems to have bottomed out end of March, confidence returning, people picking up what they feel are bargains. It's likely a lot of people who opened accounts and bought in Dec/Jan feel they are "getting in early" before the next big rise (if there is one)

    No idea what happens next


  • Registered Users, Registered Users 2 Posts: 988 ✭✭✭brendanwalsh


    Hard to know what to make of it all tbh
    Lot of rubbish being posted online

    Back at the slaughter house, I'm feeling hungry...


  • Registered Users, Registered Users 2 Posts: 5,480 ✭✭✭Chancer3001


    Hard to know what to make of it all tbh
    Lot of rubbish being posted online

    Back at the slaughter house, I'm feeling hungry...

    Would a bacon buttie suffice until there are whole hocks if bacon again ?

    I'd will you be feeding on pork scratching all summer ?

    Or dare I say it... a vegetarian ?


  • Registered Users, Registered Users 2 Posts: 8,718 ✭✭✭Matt Simis


    Dohnjoe wrote: »
    Natural crash in Feb after ridiculous rises in Dec and Jan. Market rebounded, but the drops kept coming. Every time it seemed a new floor was found, it would drop again, lowering market confidence each time. Seems to have bottomed out end of March, confidence returning, people picking up what they feel are bargains. It's likely a lot of people who opened accounts and bought in Dec/Jan feel they are "getting in early" before the next big rise (if there is one)

    No idea what happens next

    Actually a few places and accounts from Dec/Jan latecomers have just been opened, so they really are getting into the game just now.
    Also big VC firms like Andresson Horiwitz have started/continued making moves into Crypto Investing itself. ICO's raised more in 2018 thus far than all of 2017. Blockchain job postings doubled year on year.

    Yes the prices were crappy but they dont directly and perfectly reflect whats actually happening at an industry level (which is not an investment industry anyhow).. they might be snapping back to reflect the optimism in this sector now however.


  • Registered Users, Registered Users 2 Posts: 2,213 ✭✭✭ZeroThreat


    Covering all your basis there haha

    Safest thing to do in a protracted bull run is to sell off portions of your holdings as the prices continue to go up. If I'd been more savy rather than a wide eyed crypto-newbie, I would have locked in much of the 'digital profits' I made back at the very end of last year....:o


  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    Proper organic bull run going on at the moment, lads. Fresh money entering the market. Presume you've all lumped in the savings on the expectation of huge profits. The fundamentals are sound? Could BAT go x10 this year?

    Regards,

    Tether.


  • Registered Users Posts: 1,913 ✭✭✭Pintman Paddy Losty


    Proper organic bull run going on at the moment, lads. Fresh money entering the market. Presume you've all lumped in the savings on the expectation of huge profits. The fundamentals are sound? Could BAT go x10 this year?

    Regards,

    Tether.

    Is BTC sudden rise related to this
    NEWS

    Tether, the altcoin backed by fiat currencies USD and EUR, has issued another 300 mln USDT tokens priced at $1 per token on Tuesday March 20, according to data from Omni Explorer.

    https://cointelegraph.com/news/controversial-tether-issues-300-mln-in-new-tokens-critics-react


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  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    If you can't laugh at the clowns then you are doing it wrong ;)

    Less of the personals please. No need to get offensive just because people are sceptical about magic coins and lambo culture.


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    Less of the personals please. No need to get offensive just because people are sceptical about magic coins and lambo culture.

    If you can't have enough respect to read up on this tech why should you be shown respect? Now, I'm not saying you're a clown, but... You act like a clown. Why not accept the badge as an honour? A bunch of people who you think of as clowns think of you as one too!
    #JustLikeUs

    magic coins and lambo culture

    How are the coins magic? Who on this forum mentions lambos the most?

    Hint: use search bar->discover that it's you->continue acting like a snide clown.


  • Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    Less of the personals please. No need to get offensive just because people are sceptical about magic coins and lambo culture.

    If youre going to be condescending about it then you will receive the same respect back.

    No one asked you to be here, youve explained you find it fascinating but i think its more the psychology and mindsight behind the people you find fascinating and not the tech itself, which is why you like to chime in and say things like "magic beans this" and "tether that" to incite a reaction to see how people respond.

    Plenty of other forums to wind people up in


  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    grindle wrote: »
    If you can't have enough respect to read up on this tech why should you be shown respect? Now, I'm not saying you're a clown, but... You act like a clown. Why not accept the badge as an honour? A bunch of people who you think of as clowns think of you as one too!
    #JustLikeUs

    magic coins and lambo culture

    How are the coins magic? Who on this forum mentions lambos the most?

    Hint: use search bar->discover that it's you->continue acting like a snide clown.

    I have read up on the tech, and I think it’s a load of horseshït. It’s not private, is very inefficient, uses huge amounts of energy, and solves almost no use cases whatsoever. I think a load of fly by night shysters have made a load of money by using ICOs as a way of parting fools from real money. Hype around blockchain is at an all time high. I think the scene around trading magic coins is overwhelmingly populated by geeky neckbeards of below average intelligence.


  • Registered Users, Registered Users 2 Posts: 4,528 ✭✭✭copeyhagen


    was trying to buy a decent graphics card few weeks back when my gaming rig card packed in... ****in nightmare, some mining rigs running 8-12 of the card I was looking for, prices have been driven to ridiculous amounts, for this alone I hate the whole thing!!


  • Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    copeyhagen wrote: »
    was trying to buy a decent graphics card few weeks back when my gaming rig card packed in... ****in nightmare, some mining rigs running 8-12 of the card I was looking for, prices have been driven to ridiculous amounts, for this alone I hate the whole thing!!

    Didnt Nvidia claim that the increase in price and lower availability of cards was due to the increase in gamer confidence and had absolutley nothing to do with crypto mining hahaha


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    I have read up on the tech, and I think it’s a load of horseshït. It’s not private, is very inefficient, uses huge amounts of energy, and solves almost no use cases whatsoever. I think a load of fly by night shysters have made a load of money by using ICOs as a way of parting fools from real money. Hype around blockchain is at an all time high. I think the scene around trading magic coins is overwhelmingly populated by geeky neckbeards of below average intelligence.

    Put your money where your mouth is then, make a killing. You know best so it should be very easy to short a market that's headed to zero - you'll be the next George Soros!
    Or, y'know - just keep spamming the forum with your ramblings, I'm sure that'll pay off somehow. Idle hands do the devil's work and all that.

    A rake of the world's top MNCs, the most highly sought-after programmers in the world, the flow of brains being drained from Silicon Valley and the banking industry vs JohnnyFlush. It'd make a great biopic, you'd be the Oscar Schindler-style protagonist saving blockchain zealots from the blockchain fascists with your in-depth mutterings of "magic beans" and refusal to believe that a technology still in alpha or beta stage could possibly get better, more efficient, less ecologically damaging, more useful.
    You're the epitome of a mindless, hopeless luddite.


  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    grindle wrote: »
    Put your money where your mouth is then, make a killing. You know best so it should be very easy to short a market that's headed to zero - you'll be the next George Soros!
    Or, y'know - just keep spamming the forum with your ramblings, I'm sure that'll pay off somehow. Idle hands do the devil's work and all that.

    A rake of the world's top MNCs, the most highly sought-after programmers in the world, the flow of brains being drained from Silicon Valley and the banking industry vs JohnnyFlush. It'd make a great biopic, you'd be the Oscar Schindler-style protagonist saving blockchain zealots from the blockchain fascists with your in-depth mutterings of "magic beans" and refusal to believe that a technology still in alpha or beta stage could possibly get better, more efficient, less ecologically damaging, more useful.
    You're the epitome of a mindless, hopeless luddite.

    Calm down amigo. You’re in danger of causing yourself a stress related breakdown. I didn’t bang your sister or anything, just putting across my view that blockchain as a tech, and crypto as an ‘investment’ are both steaming piles of fresh dung. There’s nothing a blockchain offers that can’t be done cheaper, faster, more securely using existing technology. Bitcoin and all the other buttcoins are just a libtard fantasy.


  • Closed Accounts Posts: 1,627 ✭✭✭Woke Hogan


    grindle wrote: »
    Put your money where your mouth is then, make a killing. You know best so it should be very easy to short a market that's headed to zero - you'll be the next George Soros!
    Or, y'know - just keep spamming the forum with your ramblings, I'm sure that'll pay off somehow. Idle hands do the devil's work and all that.

    A rake of the world's top MNCs, the most highly sought-after programmers in the world, the flow of brains being drained from Silicon Valley and the banking industry vs JohnnyFlush. It'd make a great biopic, you'd be the Oscar Schindler-style protagonist saving blockchain zealots from the blockchain fascists with your in-depth mutterings of "magic beans" and refusal to believe that a technology still in alpha or beta stage could possibly get better, more efficient, less ecologically damaging, more useful.
    You're the epitome of a mindless, hopeless luddite.
    Hasn't blockchain been around for almost a decade? At what point does a technology leave the alpha or beta stage after ten years?


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  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    Woke Hogan wrote: »
    Hasn't blockchain been around for almost a decade? At what point does a technology leave the alpha or beta stage after ten years?

    And without a single genuinely useful implementation since then. Unless you count speculating on its price, or buying kiddie porn as useful implementations.


  • Registered Users, Registered Users 2 Posts: 9,060 ✭✭✭Kenny Logins


    Just noticed there's no ignore button on mobile.


  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash




  • Registered Users, Registered Users 2 Posts: 988 ✭✭✭brendanwalsh


    The bleeding recommenced this morning at 08.00 hours. Expecting to go sub 9k bitcoin once again. The butcher is getting hungry, and the brain dead sheep have walked right into another extermination.

    Iron sharpens iron. And the scent of blood in the nostrils, sharpens my machete.

    Break out the red panties. The butcher is feasting tonight.


  • Registered Users, Registered Users 2 Posts: 4,664 ✭✭✭makeorbrake


    On the one hand, he says it's a steaming pile and on the other he says it's interesting. Why spend time on it then and why clutter up this thread with your ramblings.

    I'm all for hearing the counter viewpoint but not with the twisted invective that comes with it - and only if it's coming from someone that keeps an open mind. That's certainly not you.


  • Moderators, Society & Culture Moderators Posts: 15,778 Mod ✭✭✭✭smacl


    And for anyone that hasn't met Brendan in the flesh, a quick snippet



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  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    On the one hand, he says it's a steaming pile and on the other he says it's interesting. Why spend time on it then and why clutter up this thread with your ramblings.

    I'm all for hearing the counter viewpoint but not with the twisted invective that comes with it - and only if it's coming from someone that keeps an open mind. That's certainly not you.


    I do keep an open mind. If there’s some major development or breakthrough then I’ll reconsider. Don’t need to do so at the moment though. Crypto has two use cases:

    Buying it in the hope someone will pay you more for it - the greater fool theory.

    Buying drugs, porn, illegal services on the dark web.

    Oh, or you can use it in a cat cafe in Chang Mai.


  • Registered Users Posts: 1,573 ✭✭✭WhiteMemento9


    Less of the personals please. No need to get offensive just because people are sceptical about magic coins and lambo culture.

    I wasn't really trying to be offensive. It is quite clear that you are playing some sort of circus clown in order to get a rise from people. Someone commented that it would be nice to see you not posting. I was trying to say the opposite as I find great comedy in your posts.

    I am sorry if that is not the case and you are in fact about serious business of trying to save people from themselves on this forum. Hopefully some souls might listen. In that case you are doing gods work.


  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    I wasn't really trying to be offensive. It is quite clear that you are playing some sort of circus clown in order to get a rise from people. Someone commented that it would be nice to see you not posting. I was trying to say the opposite as I find great comedy in your posts.

    I am sorry if that is not the case and you are in fact about serious business of trying to save people from themselves on this forum. Hopefully some souls might listen. In that case you are doing gods work.

    I’m not playing any clown role. I’m a huge sceptic of all cryptocurrencies, and think they are an extremely stupid gamble/investment. I think greed is the primary motivation of most players in this space, and they appear to have lost even basic critical analysis faculties as a result. These coins are being magicked out of thin air, and people are handing over real money for them. They aren’t used anywhere, give you no share in the ownership of the company who produced them, are useless as a store of value, and most of them were created by hucksters, conmen, and criminals. The poor fùcker sticking a few hundred or thousands into this is the one going to be left holding the bag.


  • Registered Users, Registered Users 2 Posts: 34,111 ✭✭✭✭listermint




  • Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    Buying drugs, porn, illegal services on the dark web. .

    Youre aware cash can buy these things also yes?

    The potentional to adopt cryptocurrency out weighs the negatives, as has been said to death, if required i can send my brother in the US cryptocurrency instantly with no middle man. Once its accepted as a main currency then its becomes just as good if not better than fiat currency and there in lies its value. No banking fees, no need to open bank accounts and have someone else control your money, its all in your hands and you can do as you like with it.


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  • Registered Users, Registered Users 2 Posts: 9,060 ✭✭✭Kenny Logins


    I'm not complaining, but can someone tell me what's going on? It's a sort of free-fall in reverse....

    How 'bout now?


  • Registered Users Posts: 1,573 ✭✭✭WhiteMemento9


    I’m not playing any clown role. I’m a huge sceptic of all cryptocurrencies, and think they are an extremely stupid gamble/investment. I think greed is the primary motivation of most players in this space, and they appear to have lost even basic critical analysis faculties as a result. These coins are being magicked out of thin air, and people are handing over real money for them. They aren’t used anywhere, give you no share in the ownership of the company who produced them, are useless as a store of value, and most of them were created by hucksters, conmen, and criminals. The poor fùcker sticking a few hundred or thousands into this is the one going to be left holding the bag.

    Plenty of people though have given counter arguments to all these points numerous times and you just willfilly ignore them. No I won't be pointing them out again because it is complete waste of my time.

    Winners and losers exsist in all areas of life. We don't live in some utopia where everyone is going to get rich from thin air. Some people will lose money, some people will make money. That is the nature of investing in volatile markets such as this one.

    As someone has already said why don't you put your money where your mouth is and short the markets instead of pointing out the bleeding obvious here 24/7.


  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    listermint wrote: »
    Good article and very apt tbh

    It’s very good. Being dismissed as fud on Reddit cause the guy once was the ceo of PayPal.


  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    Plenty of people though have given counter arguments to all these points numerous times and you just willfilly ignore them. No I won't be pointing them out again because it is complete waste of my time.

    Winners and losers exsist in all areas of life. We don't live in some utopia where everyone is going to get rich from thin air. Some people will lose money, some people will make money. That is the nature of investing in volatile markets such as this one.

    As someone has already said why don't you put your money where your mouth is and short the markets instead of pointing out the bleeding obvious here 24/7.

    Where can I short all altcoins? Link please? And not bitmex or bitfinex. Dodgy as a 9 bob note even by cryptos famously low standards.


  • Registered Users Posts: 1,573 ✭✭✭WhiteMemento9


    Where can I short all altcoins? Link please? And not bitmex or bitfinex. Dodgy as a 9 bob note even by cryptos famously low standards.

    Poloniex

    Edit - I take from the lack of a reply. You are not interested. I don't want to leave this post in a public crypto forum so if you do want to go ahead. Shoot me a PM and we can sort something out.


  • Registered Users, Registered Users 2 Posts: 2,213 ✭✭✭ZeroThreat


    Calm down amigo. You’re in danger of causing yourself a stress related breakdown. I didn’t bang your sister or anything, just putting across my view that blockchain as a tech, and crypto as an ‘investment’ are both steaming piles of fresh dung. There’s nothing a blockchain offers that can’t be done cheaper, faster, more securely using existing technology. Bitcoin and all the other buttcoins are just a libtard fantasy.

    I can't see the point of bringing vulgarity into a crypto investment subforum thread, unless you're just a sock account trying to derail things here.


  • Registered Users, Registered Users 2 Posts: 4,664 ✭✭✭makeorbrake


    Plenty of people though have given counter arguments to all these points numerous times and you just willfilly ignore them. No I won't be pointing them out again because it is complete waste of my time.
    Agreed. I can't see the logic in taking such a heavy interest in something that he says is a pile of ****. Doesn't make a blind bit of sense. I mean, perhaps he's trying to do us a solid - but then those who have invested in crypto he's called morons.


  • Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    Where can I short all altcoins? Link please? And not bitmex or bitfinex. Dodgy as a 9 bob note even by cryptos famously low standards.

    Cryptopia and livenet are pretty reliable.

    Have a look there and make some cash instead of sitting in the corner calling everyone out for investing


  • Registered Users, Registered Users 2 Posts: 811 ✭✭✭Tango One




  • Registered Users, Registered Users 2 Posts: 6,047 ✭✭✭Truckermal


    ZeroThreat wrote: »
    I can't see the point of bringing vulgarity into a crypto investment subforum thread, unless you're just a sock account trying to derail things here.

    He is nothing but a troll and rest assured he has several accounts here, I have reported his posts in the past but nothing has been done just put him on your ignore list!


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  • Registered Users, Registered Users 2 Posts: 10,339 ✭✭✭✭LoLth


    Ok. Enough of the name calling.

    @johnnyflash tone it down please. Disagree if you must but do it respectfully or do it somewhere else.

    @Truckermal : dissent or an opinion you don't like is not grounds for a report. I explained this already. Name-calling moritorium applies to you as well.

    @brendanwalsh : please be aware your flowery prose is not smart it's an affectation that completely undermines any validity to your posts. Discuss if you want, disagree if you want but your posting style and timing is looking like gloating which the charter has a rule (or two) to address.


  • Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    Agreed. I can't see the logic in taking such a heavy interest in something that he says is a pile of ****. Doesn't make a blind bit of sense. I mean, perhaps he's trying to do us a solid - but then those who have invested in crypto he's called morons.

    I’m interested in the psychology of a bubble market. I’ve also become interested in the different movers and shakers in the space: Tether, Bitfinex, Verge, Justin Sun, Binance. I agree with the very many pundits who believe that every ICO is a scam, that regulation will hit hard this year, and that the value of most/all of them will trend quickly towards 0. I believe the emperor has no clothes, and that the entire space is one created through scams, greed, FOMO, and waves of hysteria.

    I apologise for my outburst earlier (had a massive quantity of porter last night after the Liverpool game), but will not apologise for being a sceptic. I think it’s very silly to have crypto in under investments to be honest. It’s gambling. I will continue to put forward a viewpoint that is a polar opposite of the orthodoxy around here - crypto is great, anyone who doesn’t believe in it is a troll, salty nocoiner, sock puppet; everyone is going to be loaded.


  • Registered Users, Registered Users 2 Posts: 4,664 ✭✭✭makeorbrake


    crypto is great, anyone who doesn’t believe in it is a troll, salty nocoiner, sock puppet; everyone is going to be loaded.
    It's mostly YOU that's coming out with this... regurgitating the same stuff over and over. What's the 'psychology' in insulting people? Whether it's blatant ( and it has been) or your scribbles have a condescending tone (which they do).

    Only delighted to here the counter argument but I have no time for condescion, arrogance and blatant insults.


  • Registered Users, Registered Users 2 Posts: 17,968 ✭✭✭✭Thargor


    It's mostly YOU that's coming out with this... regurgitating the same stuff over and over.
    Its only him thats coming out with it tbh, this is a pretty cautious forum, everyone knows its a gamble. Anyway he actually used the word "libtards" as an insult, no point trying to reason with someone like that.


  • Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    It's mostly YOU that's coming out with this... regurgitating the same stuff over and over. What's the 'psychology' in insulting people? Whether it's blatant ( and it has been) or your scribbles have a condescending tone (which they do).

    Only delighted to here the counter argument but I have no time for condescion, arrogance and blatant insults.

    Mr flash and paddy lotsy like to shout about the crytpo culture such as "when moon" "when lambo" and "hodl" yet I have not seen one god damn person in this forum talk about crytpos like that or even talk about them without anything other than respect,intelligent positivity ,diligent research and respectful counter arguments.

    The culture or psychology pintman and johnny are interested in doesnt exist in this forum and are purely based in the ico threads of telegram or certain reddit threads.

    You guys can hym and haw all you like but the boardsies of the crytpo forums are smart people who don't fall into that culture and are purely in this to smartly make money one way or another and who purely believe in the potential of cryptos


  • Registered Users, Registered Users 2 Posts: 18,208 ✭✭✭✭Dohnjoe


    I’m interested in the psychology of a bubble market. I’ve also become interested in the different movers and shakers in the space: Tether, Bitfinex, Verge, Justin Sun, Binance. I agree with the very many pundits who believe that every ICO is a scam, that regulation will hit hard this year, and that the value of most/all of them will trend quickly towards 0. I believe the emperor has no clothes, and that the entire space is one created through scams, greed, FOMO, and waves of hysteria.

    It's a free unfettered Wild West market where anyone can buy in and potentially make 10x or even 100x.

    Forget the whole crypto thing - that alone is a massive pull.

    I am very skeptical about crypto myself, but the money made from it is very real. I would recommend reading the original Bitcoin thread here, going way back years. Interesting to see the same comments how it was a bubble, a scam, etc, when BTC was worth fractions of what it's worth today. Personally I remember people telling me buy at $20 and myself replying that it was nonsense. Am still not keen on BTC itself, but it's hard to argue with those gains over the years.


  • Banned (with Prison Access) Posts: 1,648 ✭✭✭Autochange


    Comments have now been closed for this thread.


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    Autochange wrote: »
    Comments have now been closed for this thread.
    :pac:
    There's a limit to the amount of brick walls you can slap your head against. It was the same for the vaping sub-forum years ago - uneducated folks on a moral crusade against an evil they couldn't pinpoint... but "muh chemicals!"
    I prefer to let data tell the story, others believe in whichever US lobbyist can affect the most change with their money. YMMV.
    Woke Hogan wrote: »
    Hasn't blockchain been around for almost a decade? At what point does a technology leave the alpha or beta stage after ten years?
    Bitcoin has been around for almost a decade. Very much a test case that's had to weather many storms just to get to it's current stage and it's still nowhere near infallible. Ethereum is the first that's capable of relatively complex programmable utilities on-chain and much of the reason behind last year's boom.
    A technology that implicitly requires the tightest implementation of security yet known for any financial instrument - who knows when it advances or at what speed?

    Blockchain detractors seem to think it should work the opposite way, scale it quickly and let it be broken if needs be, possibly due to not having read a single thing about it or a side-effect of knowing very little about software development? Maybe? Probably maybe definitely?
    For a group of people worried about people's money flowing into the space ye don't seem to give a toss about the security of said money once it's entered. Vulnerabilities exist and slow down development in all other areas. This isn't like standard software development (which still takes many years to progress) where bugs can be ironed out later with relatively low risk to users.
    As you may have seen over the past few days, many badly-written ERC20 contracts have a bug allowing new tokens to be created - this obviously devalues those currencies as trillions upon trillions of new tokens exist.
    What could have stopped those bugs...? Some kind of an audit perhaps, maybe it should be called a "Security Audit" and bad code wouldn't be published. Just some off-the-wall blue sky thinking there. Now imagine that at the protocol layers where each line of code is being combed over in order to circumvent the design. This has to be secure.

    Anyway. Which other things would have fallen by the wayside in the past with this logic of "Not finished or ready for mass adoption now, therefore never worth anything."?

    GNU. Development started in 1984. Not the dominant OS for the majority, it must be a failure.

    Linux by extension. Started in 1991. Same. Obviously a total failure with no use cases.

    Handheld tablets. Newton released in 1993. Ten years later we realised tablets were a waste of time. Oh, wait... Until they weren't, a full 17 years after the Newton... hundreds of millions got sold! Imagine the embarrassment those people will feel knowing that the thing they bought for whatever purpose is actually useless to them.

    Mobile phones. 1973 for first working prototype. A full ten years after that we had the first commercially available mobiles. Another 15 years after that came mass adoption. Evidently mobile phones had reached their ultimate form, never to be improved upon or advanced in any...

    Smartphones. Goddamn you smartphones! You've ruined our perfect mobile phone. All we wanted was to ring people and play Snake, now we have these modern games and AR and VR and emulation and apps that can integrate into productivity suites - next you'll be telling us we'll meet our future lovers via this "smart" pho... Oh

    The internet. Email. Actually, modern communication in any form. HD anything. Batteries. Tech advances slowly but surely... Detractors seem to suffer from memory loss. Large leaps have been made from 2008 to now. Large leaps were made from 1998 to 2008. And so on, and so on, and so on...

    What's wrong with ye that ye think this one particular area of tech - which rightly has security as it's most important base to build upon - will cease advancing?

    "Yaw, well, you see... It hasn't changed MY world yet, therefore it never will, roysh?"

    Cool, keep thinking that. Back-end services are currently being piloted and will be transitioning over the coming years as scaling problems get solved.

    Eh, I approached cryptos with the same scepticism in 2011. Had a small bit of Bitcoin from 2013 onwards as a gamble but remained sceptical and lost interest as development was oh so laboriously slow. If only I'd kept more of an eye on alts in the following months I would have spotted the ETH announcement. And probably would have retired by now. Oh well!
    Once I became aware of Ethereum (2016?) and a utility beyond fiat-destruction became apparent it changed my view entirely. On one side I think it's sad you can't be bothered reading beyond the surface of pump'n'dumps, on the other I'm delighted because people who're sceptical based on wilful ignorance deserve no reward.


  • Registered Users, Registered Users 2 Posts: 2,649 ✭✭✭Whelo79


    Well said. But I don't know why people continue to take the time to respond to two specific posters. They continually return with the same tripe over and over again despite having this type of information put to them several times.


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  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    Whelo79 wrote: »
    Well said. But I don't know why people continue to take the time to respond to two specific posters. They continually return with the same tripe over and over again despite having this type of information put to them several times.

    Because hopefully new entrants will notice that those posters keep ignoring points placed against them and then they can make their own judgements. Maybe I place too much hope in human judgement but I refuse to believe that most people want to be ignorant and deluded. I've done this cynicism-deflection in many other forums about many other subjects over a great period of time.
    I think maintaining a positive sentiment about a clearly positive philosophy helps adoption whatever the case.
    There's one guy around here involved in crypto-speculation at the sidelines who was one of the most ignorant towards one of my other main preoccupations on the internet, yet I haven't seen him post stupid shít since mountains of data started being published. Maybe JohnnyFlush and his ilk will succumb to reality in the same way?

    Or maybe they keep screaming "ponzi" while they dream of their properties doubling in value so they can take advantage of the next generation? Who knows?


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