Baltic Oil Terminals Share Discussion Threads

[luckymouse] 19/12/2017 19:06

Ive added some handy charts n links to the Bitcoin Investment Trust Site for those interested



ATB LM

[alexx] 18/12/2017 17:54

Am I going mad, sell Jan '18 on CME (18960), buy genuine bitcoin on bitfinex (18500)


What's the catch? You can't deliver your bitcoin to settle the futures contract and take your $460 profit.

And if it was any other market you would think it cost $200 a month to store a bitcoin.

[spadman] 15/12/2017 22:49

A word of advice Alexx and Compound... TP is a very pretentious know nothing. Someone who mocks others who dare think outside the box. If you don't believe everything the ruling class say TP will label you a "tin foil hat" wearer. A subservient man started this thread with a view to mock ;)

The good news is the laughs are on him... haha

[alexx] 15/12/2017 18:48

Copied from the silver thread, don't really agree with it, so many people are looking for a future in which bitcoin may be destroyed. But Farrell is not an idiot. May be of interest.



Joseph Farrell talking about the cryptos. 19 mins.

[alexx] 15/12/2017 15:37

tp 3473

I see you recognised yourself in my 3436 post because you knew your own character. Oh dear - made my day.

my post
"alexx - 13 Dec 2017 - 10:30:54 - 3436 of 3476
No shortage of people that called the crypto market completely wrong is there? And there's no sign of them ever getting over it."

[compoundup] 15/12/2017 13:13

Proof of Work is good. Gold miners have been doing it for all time. As to the specious argument about power consumption:



Cryptos using Proof of Stake will fail or migrate to PoW in time IMO.

[tpaulbeaumont] 15/12/2017 12:56

you should start a blog alexx lifeatthewrongendofthestick.blogspot.com but i agree with the thoroughly-credible greek financial pundit (!), putting money in bitcoin is highly dangerous, and certainly not a currency ;)

have a punt with maybe 0.5% of your net worth in digital tokens that only exist on the cyber plane, who doesnt like a punt, the grand nationals quite popular i hear, but dont start preying to the ghost of shergars future

[misledyouth] 15/12/2017 12:47

Let the haters hate - all the trolls are most likely sitting on k's of BTC in any event. 100k next year no problem.

[steve73] 15/12/2017 12:45

Since moving out of the UK 10 years ago, I've slowly been internationalizing my investments.. Big oil such as BP and Shell are effectively priced in US$ (since they pay divis in $). In fact much of the FTSE 100 co's are pretty much non-uk business driven, and then there's a raft of overseas focused funds.

But they're all at risk of the particular currency they based in weakening.

Bitcoin on the other hand is truly international, and protects again all currencies being trashed by the respective governments.

[compoundup] 15/12/2017 12:32

Relative? - no - completely disruptive.

“Bitcoin is not trying to become a national currency. Oh no, it’s doing something far more dangerous. It’s encouraging people to put their savings outside the system. That’s the worst thing you can do to a system based on full faith and credit.” -Andreas Antonopoulos

[tpaulbeaumont] 15/12/2017 12:19

its all relative isnt it compound

just btc+bch uses as much electricty as ireland now! crypto libertarians are killing the planet burning coal oil and gas to feed miners solving entirely superfluous calculations :O

hxxps://video.vice.com/en_us/video/life-inside-a-chinese-bitcoin-mine/55b910f39820ecc47f68c306

[compoundup] 15/12/2017 11:58

Loans? i.e. not your keys? For numpties only.

[tpaulbeaumont] 15/12/2017 11:30

BTC isnt decentralised its highly centralised, 1000 wallets own half the tokens, and who knows how many of those wallets are ultimately owned by the same folks too



fiat loans against btc collateral lol, 200% btc collateral for 100% of fiat woof! plus 12%-20% interest, junk bonds currently yield about 5.5%, so btc is roughly triple junk?

[compoundup] 15/12/2017 10:58

Satoshi's vision/white paper has been under development according to market pressure. Bitcoin is now stronger, more secure, anti-fragile, un-malleable, etc. Vulnerabilities that were not foreseen at the time of the white paper have been addressed. Satoshi provided good foundations. If what is being built is not exactly what he had in mind, why would he object? 8 years of uninterrupted performance is a pretty good test. The whole point - and huge credit to Satoshi for this - is that he stepped back to allow the ecosystem to grow de-centralised without a figure you could point towards as representing some sort of central oracle. Consensus has won every battle so far.

[spadman] 15/12/2017 06:07

He envisaged over 17k. Why else have 100 million satoshis per Bitcoin.

[steve73] 15/12/2017 01:58

Are we seeing a virtual Gresham's law applying here... Cash and even Gold being replaced by bits & bytes...?

[sideshowbull] 14/12/2017 21:03

Yes agree but he did not envisage $17k a coin. Thus BTC becomes gold and exchange BTC for a few problem solvers seems logical.

I mean exchange still using BTC value not buy with USD or BCH

[spadman] 14/12/2017 20:41

Satoshi said, electronic peer to peer cash, not electronic off chain store of value.

Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.

[sideshowbull] 14/12/2017 18:07

hxxps://www.coindesk.com/japans-gmo-internet-to-roll-out-bitcoin-payroll-system/?utm_content=buffere7b5c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[compoundup] 14/12/2017 10:19

Not surprised to see BCH having another pump - it is the last one of the bigger market cap alts to move in what appears to be a step back from BTC while the effects of the futures markets are watched from the sidelines.

No offence to SPADman intended by referring to BCH as an "alt" but my opinion is that it is flawed and can't claim the epithet "peer-to-peer cash" because it de-facto can't transact instantly on-chain.

I think it was created for 3 reasons:

1. Because Roger Ver was impatient to develop peer-to-peer cash and rush to get a product out that he thought would provide that (where BTC development was slowing down while issues such as malleability were being attended to - SegWit solves malleability; big blocks don't);
2. Because a hard fork would be lucrative. Free money is hardly justification for supposedly solving the crypto-as-peer-to-peer-cash test;
3. Vested interest - as reflected in this:



It doesn't suit Roger Ver to negotiate. He seems only to want to compete. Many have tried to reach out to him including this appeal in March 2016 from Eric Lombrozo, CEO of Ciphrex which he published only recently:

[tpaulbeaumont] 14/12/2017 10:15

#3455 lol!

[tpaulbeaumont] 14/12/2017 10:14

lol its like a new cyber PMs thread (except these cyber tokens go up ;)

[spadman] 14/12/2017 08:22

up and away, up and away