Okung will be... Wait, what?!

[Snake]

10 minutes ago, electro's horse said:

worthless currency for a worthless player

Yeah because the dollar is worth do much. I would have taken mine in gold if we are talking about value. 

[joemac]

17 minutes ago, Snake said:

Because that's going to be a huge amount of coins and unless someone trades that amount they have to mine them. 

It’s approximately 245 bitcoins to pay him 6.5 million. Easy peasy. They can buy that many anywhere on the open market.

[Waldo]

32 minutes ago, joemac said:

What do you mean, Good luck protecting that Bitcoin? 

Yup. That system is completely hackable and tedious to keep. Until it simplifies its a liability. I also haven't heard of any insurance on Bitcoins. Talking about it seems dumb to me, just making a target of himself. 

[joemac]

Just now, Waldo said:

Yup. That system is completely hackable and tedious to keep. Until it simplifies its a liability. I also haven't heard of any insurance on Bitcoins. Talking about it seems dumb to me, jusy making a target of himself. 

The Bitcoin blockchain is completely hackable?!

[Waldo]

1 minute ago, joemac said:

The Bitcoin blockchain is completely hackable?!

No his email and electronics are hackable. The weak point is the person. 

[fitty76]

High risk, but very high reward if it works out.  

[Mr. Scot]

How I feel reading football talk...

 

How I feel reading about cryptocurrency, stocks and such...

 

[onmyown]

Crypto really isn’t hard. You have a digital wallet, think of it as an email. It receives bitcoins instead of emails, in any amount the including decimals. Instead of an email address it’s a line full of numbers and letters. That’s your ‘email’. People send BTC to that ‘email’ and you can send to others as well.

The block chain keeps track of ‘emails’ sending/receiving from other ‘emails’ so you can verify payments.

Though you can verify payments only the receiver can ‘refund’. Essentially it’s digital cash. You cannot reverse a payment, only make another ‘refund’ payment. Once it’s sent there is no way to get it back.

When it first came out I was sure it was going to explode. I bought and mined about 330 for $1.50 each. Took about 4/5 years to triple, decided it wasn’t worth it. Tripled my money and sold them all, thought I made a great move. 

KILL ME NOW.

[Mr. Scot]

The cryptocurrency and other such like it is probably stuff that I could understand if I sat down and applied myself to learning it.

But full confession: I'm just not that interested.

[Mr. Scot]

A little clarification from Joe and Alaina...

 

[joemac]

1 hour ago, Waldo said:

No his email and electronics are hackable. The weak point is the person. 

Ahhh. Yes you’re 100% right there. Probably not a great idea to announce this to everyone, you’re correct there.

[jb2288]

4 hours ago, boney said:

Does this affect our salary cap at all??

No I think it’s a publicity thing. We still pay out the exact same in cash, just to some intermediary who turns it to BTC 

[jb2288]

41 minutes ago, Mr. Scot said:

The cryptocurrency and other such like it is probably stuff that I could understand if I sat down and applied myself to learning it.

But full confession: I'm just not that interested.

I’d recommend taking an interest. We’re printing money like there’s zero consequences. 

[jb2288]

2 hours ago, Snake said:

Someone is going to make a small fortune mining those coins. 

What do you mean? This is a tiny amount. $19 mil gets mined a day naturally, any common exchange can handle $13mil of volume with no problem.