Greetings and salutations lads,
The Bitcoin happy train continues to run over morons in its path, now higher by 10% to $13,188, up more than 25% this week. The total market cap of the cryptos is now $380 billion, now worth more than the market cap of JP Morgan.
While all of this is super impressive and I am sure the gains will continue, uninterrupted, another contender has emerged, something called IOTA. This small little ICO is now worth $11 billion, up a mere 1,000% in 2017 and 202% over the past week.
Perhaps others on the site can redpill us on why IOTA is blasting off. Inquiring minds want to know.
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No mention on ibc of what Netanyahu’s bitch is saying re Jerusalem. This will really get them hating our freedoms. Hold onto those MIC stocks.
What’s to say? It’s a moot point.
I’ve been busy but here are my thoughts belatedly.
https://tinyurl.com/yd8oqwxx
Sac… no one cares man. You need new material.
There’s a trump card in every bitcoin argument. Doesn’t matter how reasonable you try to be people just plug their ears and scream “limited supply, limited supply, limited supply!”
Apparently this is the line in the sand where humanity changed and this asset will go up forever until it’s worth more than everything else combined.
If we have created an asset that only goes up, we have simply created an asset we don’t understand.
Like you said… equities are old hat. Equivalent to trading railroads when MSFT and ORCL were new. 47 1/2 fast approaches you old fuck
https://cointelegraph.com/news/iota-partners-with-microsoft-fujitsu-others-for-iot-data-monetization
When I bury you in your own blood, I will etch that comment on your grave, you miserable fuck.
To be honest, I would crack your thick fucking skull in a fight you weak bitch. You are a small faggot.
Now you’re just talking greasy.
So many flavors to choose and you pick salt.
Back peddling? Perhaps I’m overexposed to such language and it’s too much for people
“So many flavors to choose and you pick salt.”
Indeed.
Fly, your opening charge to the Honourable Member was in fact:
“When I bury you in your own blood, I will etch that comment on your grave, you miserable fuck.”
Blockchain is so old school, like a flip-phone. You gotta’ get with “tangle.” It’s the new blockchain, like the iPhone 10.
agree re blockchain but iCrap 10 is piece of shit that needs to be processed in a garbage compactor.
When Bitcoin can be shorted.. is that the 2nd opportunity of a lifetime?
From what level is the question?
13k
15k
50k?
I’m waiting until the Winklevoss twins have enough to buy Facebook in cash.
The real money will be if they actually try and price options on the futures. The premium will be absurd.
no worries. naked shorting already on deck. contracts settled in hard, unencumberred flimsy digital joobux confetti. same as on crimex.
Bla bla bla jews bla gold bla I’m an independently wealthy anti-Semite with no life bla bla
As soon as I get paid to pay with Bitcoin, get a free 30-365 day loan with it and have zero responsibility if its stolen then I will start buying things with Bitcoin. If I am looking for anonymity there is no way I would pay with bitcoin. I still can’t find a reason to pay with it or use it at all. I have zero costs with Zelle pay and its instantly in another person’s account so paying person to person doesn’t matter. Chase and many others pay me to store money with them (I use Synchrony and Alliant by the way). Still waiting on someone to tell me where I am wrong for using what I am using vs. Bitcoin. And before you even respond yes I do own some bitcoin and also made a shitload with it buying on Jan 15 and selling at exactly $10,000 (trade posted in 12631).
But you don’t have the fun of remembering all your private keys!
The real play is to invest in home security. Once the whole world shifts to using private keys, they’ll have to write them down somewhere. Burglaries and hostage situations will go through the roof!
The value of BTC would not allude you if you were a drug dealer, arms dealer or thief who had to launder lots of $$$.
is @fryguy15 any of the above^^^^^^^ ?
Here is my attempt at a serious answer, which on this site is hard to find, like cutting through a shitpost jungle.
What I know so far about IOTA:
IOTA is built from ground up for Industry 4.0 & IOT (internet of things) started in 2015
IOTA is not blockchain; blockchain network goes slower the more it’s used, eventually stopping.
IOTA is “directed acyclic graph” based nicknamed the Tangle, which speeds up the more its used, it infinitely scalable. The more it’s used, the faster it gets.
IOTA is impermeable to quantum computing; blockchain will be cracked by quantum computing
IOTA has no mining; no one group controls the direction or speed of the transactions.
IOTA has no mining; it does not use half of the worlds power to function.
IOTA has no mining; if miners abandon blockchain, it stops. Transactions keep IOTA functioning, the more transactions, the faster the network.
IOTA participants’ devices process two pending transactions before their transaction get added to the Tangle
IOTA is 100% open source
IOTA is fee-free, zero costs to process transactions regardless of size. Blockchain (Bitcoin) has large fees making small transactions foolish to impossible.
IOTA can transfer data to and from digital entities as low as sensors.
IOTA will work on all devices. Mobile, sensors, PC, arm based, plc based etc.
IOTA can replace the function (or shilled function) of all altcoins
IOTA can be built on top of; like Etherium, but with no costs for transactions.
IOTA has the potential to replace the majority of Etherium’s functions.
IOTA is still in Alpha phase ( huge upside potential).
IOTA is being actively adopted by massive corporations. Microsoft, VW, Samsung and Cisco are already partners.
IOTA is a registered not for profit foundation in Germany.
IOTA will be unleashing holy hell via tech partnerships, innovations, adaptation and announcements in 2018
IOTA will beat all other crypto in market cap by EOY2018
Disclosure: I own IOTA
Suck it.
TL;DR
go fuck yourself then
I hope IOTA runs away with your wife
Fly, this is what happens when you stop bans – they are needed to control the peasants. Strike fear in their hearts. Otherwise they mouth off. OFF WITH THEIR HEADS!
Do you realize how much of a douche bag you sound like? You’ve been chocking in Fly’s dick for way too long
The best and most informative comment (except all of mine) I have read in a long time. This sound like a great technology. I will look into it and might actually get me some for simple reason…it solves and addresses all BTC’s problems that I have been banging on…most notably scalability. I trust this is not hype and bullshit like many other “miracle” technologies. It sounds a bit too good to be true but worth looking into it for sure if even 1/2 of it checks out.
Is it still true that you can only buy IOTA with Bitcoin or Ethereum? If so, why does IOTA want to own Bitcoin and Ethereum so bad?
Nice work bespoke fruit! Congrats. I missed the iota train ?
Nice work bespoke fruit! Congrats. I missed the iota train ?
Finally someone that can see the future!
A team of MIT researchers also found a bug in IOTA code that could allow people to spend other people’s money. Not good.
Does IOTA also walk your dog?
Seriously, that may be enough for Joe Retail to speculate on, but what I see is a lot of claims (including some rather dubious ones) with no substance. For example, the primary questions I have are:
(1) how does one create an IOTA
(2) how does one acquire an IOTA once created
(3) how does one sell/use/trade an IOTA for a service or for an IRL/hard currency
Also, IOTA is clearly a digital-Ponzi, which means that it will cease to function unless the transactions continue to grow at an exponential rate. It’s simple math.
A critical issue that you didn’t mention is that a transaction is not labeled as “confirmed” until it is validated (processed) at least “n” times. That means that if there are “x” number of transactions, these require n*x number of validations. However, if there are only two validations performed before a new transaction is added to the Tangle, that adds to 2*x
2*x < n*x, so the existing transactions can't all be confirmed. The only way this works is if the number of validations required to confirm a transaction is the same as the number of validations each new transaction is required to perform before adding it to the Tangle. However, if that was doen than transaction speed would greatly slow down.
As an analogy, let’s say that you only trust someone (transaction confirmation) if at least 10 people vouch for (validate) them.
Now let’s say that people are only willing to vouch for 2 other people.
Persons 2-11 vouch for Person 1, so he is now trusted.
Persons 1 and 3-11 vouch for Person 2, so he is now trusted.
Well, now Persons 3-11 can’t vouch for anybody else, because they already vouched for 2 people (Persons 1 and 2).
Person 1 and Person 2 can both vouch for Person 3, but he needs 8 more people before he is trusted, and persons 4-11 still need 10.
Basic pyramid scheme (not Ponzi as I originally stated),
Now if each person vouched for 10 others instead of 2, then all 11 people would be trusted. However, that’s a lot more vouching….
I need to go get drunk now. Thanks.
Screw IOTA. Have you checked out PPT yet Fly? I did mention it a while back asking for your honest opinion.
PPT @ $3. I will never forget. Now $17+
Missed that boat.
I’m on the EOS boat which is also doing quite well.
I missed the EOS boat too! GL – I hope we all get a winner metal.
Largest Crypto-Mining Exchange Confirms It Was Hacked, Over $50 Million In Bitcoin Stolen – LMFAO!!!
Imagine the idiot waking up to bitcoin ath. Then they log into their wallet- whatever the fuck that is- and there is nothing. Ha ha ha
Why is that funny?
Because it is an idiotic investment. They will go broke either through theft of when it crashes. It doesn’t really matter
It’s funny how you get through a lot of sanctions if you spend your country’s resources on hackers…
13,000 is old news, we are taking this bitch to 14,000 already and then 15,000 tomorrow. Its just too fucking easy.
For all of those “long-only” investors that think shorts are scum-of-the-earth, keep an eye on bitcoin and watch how it turns out. This is not price discovery that you are seeing, so it is much closer to tulip-mania than anything even the dot-com bubble had (dot-com stocks could be shorted). Shorts keep prices from running up too high. They also cover on the way down, so the plunge isn’t as bad.
Now of course, the big boys can’t short the market until futures are up (well, I guess they could write derivative contracts and sell them to pension fund managers), so it wouldn’t shock me if the rise continues. Once the futures market gets up and running ,the big boys will dump their coins, first making profit on the coins, then making profit shorting the futures.
Of course, the plunge will be greatly exagerrated, so THAT is when you want to buy – right after everybody panic-sells.
I predict prices in the $500- $2000 range when the dust settles.
What are some of your previous predictions. I just want to feed my bullshit meter something to evaluate before taking your word. No offense.
No offense taken.
I’ve been short NFLX for awhile if that helps. I still think of that as a timing issue. Revenue and subscribers have been steadily increasing, and I see those trends continuing. However, EPS is awful:
(1st 3 quarters for all years)
2012: $0.16
2013: $1.06
2014: $0.42
2015: $0.18
2016: $0.27
2017: $0.84
Looking at the stock price, you’d expect a totally different story. For comaprison, BBBY (which I’m long) is making 3x that EPS and is now at $23 after a big post-Thanksgiving pop. If you look at tech stocks, FB and AAPL ahve a simialr sahre price to NFLX, but making 4x and 8x the EPS. NFLX just spends too much and has margins too low. They still make higher margins *shipping DVDs round-trip* than delivering on-line content. High growth + low margins makes this a $70 stock, IMHO.
However, as I’ve said in the past, the stock is powered by Millenium optimism and investors confusion between a good company (or at least one with a good prodcut) and a good stock. Today was the first time in a while that good news (PiperJaffray note about higher than expected subscriber adds) didn’t pop the stock. Might be a sign.
I’m also long TLT and believe that it will make an ATH.
You lost me at long BBBY and short NFLX. Nflx has been one of the single greatest investments of all time and millenials don’t control it. BBBY for the love of god why have you ever used amazon.