Bitcoin

Discussion in 'The Duck Hunters Forum' started by buck_master_2001, May 19, 2017.

  1. pintail2222

    pintail2222 Elite Refuge Member

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    The_Duck_Master likes this.
  2. Lip Shooter

    Lip Shooter Elite Refuge Member

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    The T-Day theory looks like it was correct. Joke really bummed I sold some now!
     
  3. hobbydog

    hobbydog Elite Refuge Member

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    Then there is this.
    People have spent over $1M buying virtual cats on the Ethereum blockchain

    Don't laugh. This is pretty well thought out....especially the 256 bit genome. It is just the beginning. I am sure there is the ultimate virtual hunting dog you can breed. But it helps underscore that something with no tangible utility can have value as long as people think there is value.

    So now we have people using Ether, an asset with arguably little tangible utility – to purchase an asset with unarguably zero tangible utility. Welcome to the internet in 2017.
     
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  4. The_Duck_Master

    The_Duck_Master Elite Refuge Member

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    Price hit $18,464 today but has dropped back to ~ $17K.
     
  5. stevena198301

    stevena198301 Elite Refuge Member Supporting Member

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    Any of you mine them? Spoke with a programmer today who does. He said they are getting tougher and tougher. Also said the processing power to mine one is almost the equivalent power consumption of a homes yearly use.
     
  6. The_Duck_Master

    The_Duck_Master Elite Refuge Member

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    I do not.
    I read an article recently but can't find the link that said mining Bitcoin consumes more electricity than the country of Denmark.
     
  7. Prongling

    Prongling New Member

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    i've read somewhere that bitcoins take approximately 0.13 % of the Planet's total energy consumption (for those who don't realize that's A LOT, and i say this because i've told yesterday this to someone and he asked: and that's a lot? 0.13%?) lol
     
  8. bang you'r dead

    bang you'r dead Canada Forum Mod. Eh! Moderator Flyway Manager

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    So should I sell, or should I hold....
    Will it hit 20K? Will it drop to nothing?
    [​IMG]
    Anybody got the crypto password? This bitcoin wallet was stolen today from a collective. Because the blockchain that tracks the currency is public, you can actually see the stolen bitcoins in the wallet above . Talk about rubbing salt into the wound....and the value of the bitcoins went from 50 to 75 million in a day.

    I'd tear my hair out.
     
  9. hobbydog

    hobbydog Elite Refuge Member

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  10. pointblind

    pointblind Elite Refuge Member

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    The notion that Crypto mining will drain the the energy grid dry and accelerate worbal glorming is intellectual lazy. Its extremely easy to measure the energy consumption so it gets the attention. How much energy do the things BTC could replace use? Gold mining, Visa transactions, Banks, etc.
     

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