Rod Posted January 13, 2018 Share Posted January 13, 2018 I think the original bitcoin is actually junk as a currency thoughts? Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted January 13, 2018 Share Posted January 13, 2018 Depends on what you mean by junk. It's a very good system for anonymous transactions, that's what it was primarily developed and deployed for. Some of the self run off, design is very well done. Overall I'd give it a B+ or A- for technical deployment. Neal Quote Link to comment Share on other sites More sharing options...
Momorider Posted January 13, 2018 Share Posted January 13, 2018 47 minutes ago, NaturallyAspirated said: Depends on what you mean by junk. It's a very good system for anonymous transactions, that's what it was primarily developed and deployed for. Some of the self run off, design is very well done. Overall I'd give it a B+ or A- for technical deployment. Neal How did you make on on that one I thought you bought when it was really cheap in the beginning? now $1K swings are not uncommon Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted January 13, 2018 Share Posted January 13, 2018 Just now, Momorider said: How did you make on on that one I thought you bought when it was really cheap in the beginning? now $1K swings are not uncommon I paid $100 and sold for $1000. Neal Quote Link to comment Share on other sites More sharing options...
Momorider Posted January 13, 2018 Share Posted January 13, 2018 2 minutes ago, NaturallyAspirated said: I paid $100 and sold for $1000. Neal So you made good return but got out before it went insane to bad you could have made a killing if you sold now eh? Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted January 13, 2018 Share Posted January 13, 2018 7 minutes ago, Momorider said: So you made good return but got out before it went insane to bad you could have made a killing if you sold now eh? I would have sold it at $19,000 Neal Quote Link to comment Share on other sites More sharing options...
Momorider Posted January 13, 2018 Share Posted January 13, 2018 2 minutes ago, NaturallyAspirated said: I would have sold it at $19,000 Neal How many did you by for $100? Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted January 13, 2018 Share Posted January 13, 2018 30 minutes ago, Momorider said: How many did you by for $100? I only bought one, it was a novelty for me. I was into the mechanics behind crypto and block chains for a while. Neal Quote Link to comment Share on other sites More sharing options...
Rod Posted January 13, 2018 Author Share Posted January 13, 2018 3 hours ago, NaturallyAspirated said: Depends on what you mean by junk. It's a very good system for anonymous transactions, that's what it was primarily developed and deployed for. Some of the self run off, design is very well done. Overall I'd give it a B+ or A- for technical deployment. Neal Like the escalating transaction fees Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted January 13, 2018 Share Posted January 13, 2018 7 minutes ago, Rod Johnson said: Like the escalating transaction fees That will get sorted out I believe. The block size will end up being increased, it already as had a few hard forks because of the blockchain access fees. Neal Quote Link to comment Share on other sites More sharing options...
Rod Posted January 13, 2018 Author Share Posted January 13, 2018 1 minute ago, NaturallyAspirated said: That will get sorted out I believe. The block size will end up being increased, it already as had a few hard forks because of the blockchain access fees. Neal Why did they release bitcoin cash rather than fixing the small block chain access of the original bitcoin Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted January 13, 2018 Share Posted January 13, 2018 Because increasing the block size in effect condenses or centralizes the chain. It hampers distribution of processing. Neal Quote Link to comment Share on other sites More sharing options...
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