License to print money... BitCoin?

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August 2nd, 2017 at 5:15:13 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 101
Posts: 6436
Quote: Fleastiff
Administrative rift splits bitcoin into two separate types of currency.


Effective today, though I think Bitcoin should have the staying power long term. 9 years so far. I went to a Bitcoin meetup and 20+ people there.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
August 2nd, 2017 at 5:38:32 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 705
Posts: 8134
Quote: Fleastiff
Administrative rift splits bitcoin into two separate types of currency.


That is not surprising as Ethereum hard split a year ago on August 7, 2016. The two currencies diverged widely.
$222.14 Ethereum (up from $2.83)
$14.81 Ethereum Classic (up from $2.83)

Ethereum was created to speed up transactions. Bitcoin transactions have always taken on average 10 minutes each to process which is unsuitable for normal commerce.

EMV/chip credit cards take up to 10 seconds (notably longer than the magnetic strips) and millions are complaining.
August 14th, 2017 at 3:27:34 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 48
Posts: 4573
Bloomberg reports BitCoin surges past four thousand dollars.
August 14th, 2017 at 4:09:59 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 705
Posts: 8134
Quote: Fleastiff
Bloomberg reports BitCoin surges past four thousand dollars.


$4200 today

Bitcoin was only $2000 on 20 May 2017.

Market Cap is now $69 billion. In comparison the Mexican pesos in circulation via banknotes are worth ~ US$77 billion.
August 14th, 2017 at 5:59:52 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 101
Posts: 6436
Quote: Pacomartin
$4200 today

Bitcoin was only $2000 on 20 May 2017.

Market Cap is now $69 billion. In comparison the Mexican pesos in circulation via banknotes are worth ~ US$77 billion.


The split seems to have had no effect except to have slowed it all summer until it happened.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
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