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    Bitcoin is about to fall

    If you're not following crypto currencies let me give you a primer real fast.

    There's been a big battle in the bitcoin developer community about increasing the block size. An increase in block size will allow more transactions to occur simultaneously but will require more network computing power. Bitcoin miners are the people maintaining the network and they do it for a bitcoin reward from the system. X amount of coin for X amount of work. This July there is a reduction in amount awarded by half. Since there isn't a single entity controlling Bitcoin no one has been able to make a decision about increasing block size.

    Enter Ethereum; Ethereum looks to take what bitcoin invented and improved it. Block sizes can grow as needed and they have introduced a huge feature called a smart contract and the DAO. The DAO is a Decentralized Autonomous Organization, see link below.

    http://www.reuters.com/article/us-bl...-idUSKCN0Y82LI

    The big hurdle was to buy Etherum's currency you had to use Bitcoin. So if Ethereum increased in value, Bitcoin would HAVE to decrease and vice versa. Yesterday a company called Coinbase announced that it will open a market that allows USD to be directly converted in to Ethereum, bypassing Bitcoin. It hasn't been implemented, but the bitcoin market is already beginning to fall as people fed up with the lack of development move to a more modern system.

    It's thought that Bitcoin will become internet gold, where as Etherum will be like VISA. the thought is as society transitions in to the "Internet of Things" a digital currency will allow for some really neat change. Like your washing machine could order new detergent for itself when it's empty. It will just show up in the mail by itself.

    People are also super excited about the DAO. It's essentially an investment market that DAO Token holders can invest in start ups. All funding goes through the DAO and the smart contracts will send out dividends to all investors without taking a profit. I'm not completely sure how it will work because it's not launched yet. Right now there is a DAO token creation period where you buy investor tokens with Ethereum. In 8 days the Tokens will be tradeable and will probably increase in value similarly to Ethereum.

    Currently I have invested $250 USD, in one day it's up to $320 USD. 1 Ethereum is valued at about $14. 1 Bitcoin is at $444. Shit is going to get crazy in the next week once the DAO opens and tokens begin to get traded.

    I'm either going to make a nice chunk of change, or lose a couple hundred bucks.
    -Name

    #2
    Good luck.
    https://csagovernment.org/index.html

    http://deovindice.org/

    http://dixienet.org/

    http://leagueofthesouth.com/

    Comment


      #3
      My washing machine barely washes clothes. I'm sure not going to let it shop.
      I don't know.

      Comment


        #4
        Originally posted by gamgee View Post
        My washing machine barely washes clothes. I'm sure not going to let it shop.
        I hate shopping washing machines, all they do is buy more soap, typically that Tide crap.

        Rancher

        Comment


          #5
          Originally posted by gamgee View Post
          My washing machine barely washes clothes. I'm sure not going to let it shop.
          One of the DAO companies that's going to launch is creating driverless semi trucks. I'd like to get a piece of that pie because it's inevitable.
          -Name

          Comment


            #6
            Yeah...that's bound to happen and people are going to get stupid rich.

            Comment


              #7
              Originally posted by Harvey_Wideshaft View Post
              Yeah...that's bound to happen and people are going to get stupid rich.
              wunt happen in our oar yur prodigies life time....

              just visit laredo tx.....yuel geat the jist
              "Virtute et armis"

              Girls play with dolls. Men play with dead animals

              https://www.uso.org

              Islam is right about women

              sde: Because it was trolling and by damn God, that's what we fucking do here. Always have, always will

              #learn2code

              Epstein didn't kill himself & neither did Qassem Soleimani

              Eric Ciaramella is the whistle blower

              Comment


                #8
                Strangely enough, I understand what you say, but I don't understand what that one means. Why Laredo?

                Comment


                  #9
                  the place is a drivers nitemare
                  "Virtute et armis"

                  Girls play with dolls. Men play with dead animals

                  https://www.uso.org

                  Islam is right about women

                  sde: Because it was trolling and by damn God, that's what we fucking do here. Always have, always will

                  #learn2code

                  Epstein didn't kill himself & neither did Qassem Soleimani

                  Eric Ciaramella is the whistle blower

                  Comment


                    #10
                    Because of the unspoken war?

                    Comment


                      #11
                      Originally posted by Name View Post

                      One of the DAO companies that's going to launch is creating driverless semi trucks. I'd like to get a piece of that pie because it's inevitable.

                      This causes my mind to go off in too many directions.
                      I don't know.

                      Comment


                        #12
                        I don't think trucks will be driving like they do now. The automation may just be for interstate travel to hubs off the freeway. Then traditional drivers take over from there. That's the logical first step.

                        Routes would be easily monitored and changes due to construction or accidents. Plus it's going to take time for people to become accustomed to this.
                        -Name

                        Comment


                          #13
                          Originally posted by Name View Post
                          I don't think trucks will be driving like they do now. The automation may just be for interstate travel to hubs off the freeway. Then traditional drivers take over from there. That's the logical first step.

                          Routes would be easily monitored and changes due to construction or accidents. Plus it's going to take time for people to become accustomed to this.
                          Kinda reminds me of maximum overdrive.
                          https://csagovernment.org/index.html

                          http://deovindice.org/

                          http://dixienet.org/

                          http://leagueofthesouth.com/

                          Comment


                            #14
                            yep
                            "Virtute et armis"

                            Girls play with dolls. Men play with dead animals

                            https://www.uso.org

                            Islam is right about women

                            sde: Because it was trolling and by damn God, that's what we fucking do here. Always have, always will

                            #learn2code

                            Epstein didn't kill himself & neither did Qassem Soleimani

                            Eric Ciaramella is the whistle blower

                            Comment


                              #15
                              Originally posted by Name View Post
                              I don't think trucks will be driving like they do now. The automation may just be for interstate travel to hubs off the freeway. Then traditional drivers take over from there. That's the logical first step.

                              Routes would be easily monitored and changes due to construction or accidents. Plus it's going to take time for people to become accustomed to this.
                              People would have to grow accustomed, as well as unions. Safety concerns would have to addressed. There would be hacking issues.
                              I don't see this happening any time soon.

                              Traffic can be monitored now, and computerized safety features added. A clear benefit to the populace would have to be proven before public monies were used for distribution/changeover hubs.
                              I don't know.

                              Comment

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