Investors are usually idiots. The guiding hand of the free market has Parkinson's.
Originally Posted by Paul Mason
If it achieves nothing else crypto currencies will drive us into becoming a level 1 civilization on the Kardashev Scale just to power all the blockchains.
http://www.koreatimes.co.kr/www/biz/...67_242293.html
Also comes with this choice quote of a minister who seems to have woken up in a particularly retarded mood.Bitcoin collapses in South Korea as regulator threatens to ban trading
"Virtual currency is not based on an exchange of something with a certain value
Saw this on Vice today
The Chinese government will end bitcoin mining operations in the coming months, Bloomberg reported over the weekend, a move that could have a massive impact on the price of the world’s biggest digital currency.
https://news.vice.com/en_us/article/...rce=vicenewsfb
I was somewhere around Old Man Star, on the edge of Essence, when drugs began to take hold.
It's not going to change the supply of bitcoin by any significant amount. That's not how mining works.
New bitcoins are produced at a relatively consistent speed, with miners competing to "win" the currency that's produced with each new block. Less miners just means the remaining miners have a better chance to win each block, it doesn't mean more Bitcoin is going to be generated.
Good old clueless media.
I see you didn't read the note at the bottom of their article.
They got it all wrong before and have now re-written it. The first version of their article wittered on about changes in the volume of bitcoin being produced.
Edit: I'm probably not the only one who sent them a message about it![]()
Last edited by Nicholai Pestot; January 11 2018 at 10:06:07 AM.
Transaction fees would skyrocket if China goes offline. They are already too high and bitcoin has lost all meaning other than a speculative device.
Meanwhile, in Hollandistan.
https://gizmodo.com/men-try-to-redef...ain-1821964907
Consent. Now on the blockchain.Dutch blockchain company LegalThings announced in a press release on Wednesday that it is developing an app, LegalFling, which in theory could allow about-to-bone partners to log what they are and are not okay with before they bone. The company notes that you can mark your do’s and don’ts “with the swipe of a finger.”
meh
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