$900 Bitcoin

[JRSC00LUDE]

Seems like that kind of money would be worth hiring 100 people and digging.

If it were real money.

[CompletelyNumb]

Next beyond investment competition, let's open it up to crypto currencies so we can all play god with ICOs.

[adamc]

starting to explore building a mining setup again (or buying one), I get "free" electricity where I live right now - so I can just set a few boxes up and leave them alone.

antminer s9 the best solution right now? is it even worth it to mine at this point? lots to read still after not looking at crypto currencies for a while.

[Mogg]

I just recently got into the crypto currency world and have a few questions related to the local market.

- how are people funding their accounts? I’ve read that quadrigaCX has recently started having trouble with transfers from Canadian banks but other exchanges like CoinBase have crazy high fees.

- what exchanges have people recently successfully transferred money back to their bank accounts with and how (wire transfer, etransfer)?

Thanks!

[nobb]

Coinbase has high fees (10%) but Quadriga's prices for BTC, LTC, ETH seem to be consistently ~7-10% higher than the higher volume exchanges so at the end it ends up being roughly similar. Just another thing we get screwed on as Canadians.

[nzwasp]

What is a bitcoin fork and why do people holding bitcoin end up with the equivalent amount of crypto currency in the new bitcoin2x (for example)? is it a bit like a stock split where they are trying to lessen the value and create more of the coins?

[Xtrema]

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What is a bitcoin fork and why do people holding bitcoin end up with the equivalent amount of crypto currency in the new bitcoin2x (for example)? is it a bit like a stock split where they are trying to lessen the value and create more of the coins?

https://www.forbes.com/sites/laurash.../#2ab2de723d3c

Forbes did a pretty good write up (at least to me, an outsider to Bitcoin) what all these forking is about.

[nzwasp]

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https://www.forbes.com/sites/laurash.../#2ab2de723d3c

Forbes did a pretty good write up (at least to me, an outsider to Bitcoin) what all these forking is about.

I think I understand it now - I don't own too much bitcoin - no where near a whole one so I guess it will be more a wait and see game and watching the market.

[revelations]

With Bitcoin Cash, it was a literal duplicating of your BTC funds.

[jacky4566]

The easiest analogy for a fork goes like this.

Imagine if all the bills in your wallet magically duplicated themselves and then changes names. So a new currency is formed (like BTC Cash)

Anyone can perform a fork however you are essential making a new Crypto currency and will need sufficient support or the currency will crash into the dirt.

Why do this? Some people are unhappy with the way bitcoin runs (There is many many issues with the future of bitcoin) and feel they can make a better version but instead of starting from ground 0 they can essential 'steal' all the existing clients of bitcoin by giving them a bunch of free money to spend in the new currency.

Very ELI5 but I hope that helps.

- - - Updated - - -

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I don't own too much bitcoin - no where near a whole one so I guess it will be more a wait and see game and watching the market.

I find it funny and sad that people say this when I literally had 1000s of coins back in the very early days. HOWEVER context of the day prevails, Some idiot on the internet was willing to pay for magically internet money, whats better than free money!? So alas I only hold a measly quarter coin myself.

[nzwasp]

The thing that stands out from that forbes article the most is this:

Every day on Coinbase alone, about 35,000 new accounts open -- a figure that sometimes reaches 50,000 -- and thousands of people in South Korea and Japan, two countries where Bitcoin has taken off, are also bringing new fiat money into the system.

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I find it funny and sad that people say this when I literally had 1000s of coins back in the very early days. HOWEVER context of the day prevails, Some idiot on the internet was willing to pay for magically internet money, whats better than free money!? So alas I only hold a measly quarter coin myself.

however i only just got into it this year, I am pretty risk adverse with things like BTC and ETH so took the wait and see approach but now that I have more spendable cash I am branching out a bit with my investments.

[pheoxs]

A fork is just a stock split but split into two different independent companies basically.

[nzwasp]

shameless plug for my own blog but this is fucking awesome

http://www.securitybreach.online/201...nknown-hacker/

How brilliant is it that some hacker did this and managed to get away with it for 24 hours. Really a twist of fate for coinhive. I was surprised to learn that they had a kickstarter for it.

[Power_Of_Rotary]

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Seems like that kind of money would be worth hiring 100 people and digging.

If it were real money.

What promises you that the 100 people digging wont just pocket the HDD's they find? Id pocket it if I found it lmao

[tcon]

Bought some etherium. Now I just have to forget about it for a decade and I'll be rich!

[JRSC00LUDE]

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What promises you that the 100 people digging wont just pocket the HDD's they find? Id pocket it if I found it lmao

True enough lol, it just seems to me that if that much CASH was in there someone would have been launching a massive long shot search! Fucking sucks to be that dude.

[revelations]

I cant recall exactly how much, but I seem to recall that 5-10% of all BTC ever mined is lost to things like this, plus people forgetting their passwords or just plain forgotten BTC.

I lost some 2 LTC years ago after mining when my HDD packed it in and I hadn't had a chance to do a backup of recent coins.

[birdman86]

Nm, figured it out

[Sugarphreak]

....

[revelations]

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So... I bought a bunch of Bitcoin, Dash, and Ethereum earlier this year. Now it is worth a whole bunch more. This market is nuts.

Just hypothetically speaking, what is the easiest way to get your money back into the real world so it is untraceable? I saw Expedia takes Bitcoin, although I can't figure out where that option is on the website.

Certainly dont just dump it into your Canadian account. Many red flags. Note that BTC it itself not anonymous and any exchange you used (esp if in the US) keeps a record that the CRA or IRS can subpoena. Coins like DASH are inherently more secure this way, esp if traded peer-peer.

If its a smaller amount (eg. less than 50k) I know that some people use a virtual credit card thats pre loaded with BTC through bitpay.com - but havent tried it personally. They even have physical debit cards that youve pre loaded.