OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

[HurricaneKid]

Yes, given the price of the coin it makes sense on a micro level to mine. What he is saying is that on a MACRO level, the tech uses MASSIVE amounts of energy to properly track its chain. Mining currently uses up more energy than Venezuela

I'd take my thought a step further. Society is grinding away a ton of actual real resources here (power, computers, etc) that in the end aren't producing any tangible product. There is no food being produced, no physical goods. People aren't using the energy to transport themselves or goods and materials to different markets on planes, trucks or ships. Frankly you're producing an online global register that lists out ownership of Chucky Cheese tokens. And a real Chucky Cheese token of actually existing. You can hold it yourself.

I'm not faulting any of the guys speculating here. People are making real money doing this. Keep at it. Just noting that the whole thing seems ridiculous on certain logical levels.

Oh I was in complete agreement. You can take it past that if you want. Energy can be created through various methods including through consumption of fossil fuel. Given the enormous toll it has taken in energy costs, Bitcoin is almost certain to have an enormously detrimental impact on climate change and very well could hasten the death of the planet given a seemingly inevitable increase in blocks requiring increasing energy at an alarming rate. All for a made up coin. Without any intrinsic value.

[midranger]

What a world we live in. People mining electrical nothing, that is worth something, because it has to be mined.

[midranger]

Yes, given the price of the coin it makes sense on a micro level to mine. What he is saying is that on a MACRO level, the tech uses MASSIVE amounts of energy to properly track its chain. Mining currently uses up more energy than Venezuela

I'd take my thought a step further. Society is grinding away a ton of actual real resources here (power, computers, etc) that in the end aren't producing any tangible product. There is no food being produced, no physical goods. People aren't using the energy to transport themselves or goods and materials to different markets on planes, trucks or ships. Frankly you're producing an online global register that lists out ownership of Chucky Cheese tokens. And a real Chucky Cheese token of actually existing. You can hold it yourself.

I'm not faulting any of the guys speculating here. People are making real money doing this. Keep at it. Just noting that the whole thing seems ridiculous on certain logical levels.

Oh I was in complete agreement. You can take it past that if you want. Energy can be created through various methods including through consumption of fossil fuel. Given the enormous toll it has taken in energy costs, Bitcoin is almost certain to have an enormously detrimental impact on climate change and very well could hasten the death of the planet given a seemingly inevitable increase in blocks requiring increasing energy at an alarming rate. All for a made up coin. Without any intrinsic value.

No worries. Climate change isn't real. Don't listen to those "scientists" or read the "data".

Mine baby mine.

[midranger]

There is a dilapidated commercial building in Racine that is 27,000 square feet I'd love to buy. It has 5 floors...each floor maybe big enough for a basketball court. Only 120k. Probably need double that to get it into decent condition though.

Mind PMing a link? I am just curious being from Racine and always having the dream of turning a big warehouse into a living space/gym.

I promise to pay in a 500$ lifetime membership if you ever lay down floors.

I've always been interested in doing this as a charitable venture/not for profit situation.

[bizarro]

I went the mining route, 3-4 months to get a return on investment after that it's only power. If it even lasts a year, which it will be longer, its a 3x investment. a few months in and I've recouped a lot of my costs already and really the power is nothing compared to what they mine.

You mining ETH? I found that ETH has the best ROI at the moment. Only issue is finding the cards and mobo that will make it profitable.

I'm just pool mining with profit switching to send my hash power to the most profitable coin. I am also just outright selling some of my hashing power for btc as well. Cards right now are insane I want to add more but the prices are just nuts if you can even find stock.

I'm currently mining XVG w/ the LyraREv2 script but I definitely need profit switching due to the volatility of the market. I recall you saying, however, you created your own pools to mine into. Do you have any offerings here as to what would be best to use? My other inherent question with this is, in that profit switching do you have to have the multiple wallets set up within the code to receive the various different coins? I am just beginning my research here.

[bizarro]

What a world we live in. People mining electrical nothing, that is worth something, because it has to be mined.

This is exactly where you are just so out of your league and so fundamentalist in your views. It's comical really.

The entire planet is headed toward a potential mass-adopted decentralized open-source platform for finance and not to mention an infinite number of other applicable uses. And, here you are, with your little typewriter lamenting what other people are doing in a liberated marketplace because of energy cost and resource consumption. I get that angle - I really do - and it's a definitive part of conscious growth in this industry.BUT what you absolutely fail to realize or recognize, in my humble opinion, is this industry is the industry that will finally push mass-adoption of solar/wind/hydro/ (insert renewable energy source here). You can mine w/ a Tesla battery. You can mine w/ solar and wind. In Portland, our energy is 0.075 kw/h and it is a mix of wind, solar, coal, hydro etc. Like any other topic driven by mass-media, you need to look beyond the surface.

AND, your complete inability to understand 'value' is hilarious. Federal Reserve prints insanely hyperinflational worthless paper bills - forget the fact most individuals don't use cash but store electric numbers on a screen that count as 'real money' - in a centralized highly susceptible; politically corruptible; corporate-directed system whose inherent properties exclude mass-amounts of people across the globe...and here you are with your first world worry. Wake up, Midranger. It's like 1994 and your my neighbor complaining about the sound of my dial-up modem. The core principles of cryptocoin were derived at the apex of the last banking bubble that destroyed millions of lives. It also has immense potential to include large portions of the globe who were completely excluded from the modern banking system. The value is driven from so many diverse fields of need, interest, and growth and your stuck thinking like a financial Luddite who needs a concrete something to feel its real. It's just antiquated ideology.

Keep being dismissive, brother. The cryptospace will just sweep you up soon enough and it won't be your choice. It is here.

[midranger]

You've spent a little too long in the Reddit echo chamber and not enough time in the sun. Professional, Luddite diagnosis.

That will be 3 Ripples please.

[bizarro]

You've spent a little too long in the Reddit echo chamber and not enough time in the sun. Professional, Luddite diagnosis.

Again, you're just out of your League with your dismissiveness. I'm a FT farmer, dude. I harvest woody plant material all winter in the rains and in the swamps for salmon stream restoration. I farm multiple things in the temperate time of the year - animals, fruits, nuts, and (gasp) cannabis. I make my money in a diverse arena of activity - all requiring immense physical work and detailed knowledge. Go and judge me, brother. Fine by me.

I also mine crypto-currency and trade in the cryptocurrency marketplace. Your diagnosis is classic, uninformed, and simply misplaced. I get your worry. I get your concerns. BUT, if you don't know context...don't go judging. That is my overarching point.

Here is casestudy number 1xxxxxx of how the cryptospace is changing the world:

An African leap forward
African citizens have forever battled against the colonial system that has left them scrambling to keep up, both in terms of finance and education. While the level of education continues to rise, it is developments like this, with digital currencies such as this, that marks a potential for Africans to do some leapfrogging.

The fact that digital currencies do not discriminate, nor have any prejudice when it comes to their use, makes them not only ideal for a youthful market, but also one for those who have been let down badly by western-style Banks.

https://cointelegraph.com/news/equipping-youth-south-african-business-school-accepts-bitcoin

At its core there is goodness. And, like any speculative marketplace there is fraud and abuse. It's all possible.

Anyhow, I'm done here. We can simply agree to disagree. I'm not here to herd cats.

[bizarro]

You've spent a little too long in the Reddit echo chamber and not enough time in the sun. Professional, Luddite diagnosis.

That will be 3 Ripples please.

I could only And 1 you once due to Real GM's old technology.

(And, btw, if you even care, Ripple is about the least representative coins on the market of the cryptospace. It is a centralized Bank-driven coin. I hold it. But, I know what it is. It's market rise was driven by hype and by the South Korean market. But, whatevah. I get you and we disagree. Moving on.)

[midranger]

Yes, citizens in post colonial Africa will use cryptocurrency to pull themselves up by the bootstraps.... as soon as they get.... internet... or electricity.



But I live in Portland and everyone I talk to on Reddit has these things.

[bizarro]

Yes, citizens in post colonial Africa will use cryptocurrency to pull themselves up by the bootstraps.... as soon as they get.... internet... or electricity.



But I live in Portland and everyone I talk to on Reddit has these things.

Says the guy grouping a photo of Sudan for an article written about South Africa. I can't help you, Mids. And, I don't want to put you on 'Ignore'. Again, you're out of your League.

EDIT: Feel free to edit any of this conversation from the board Mods. It really has little value in this thread. My apologies.

[midranger]

Sudan isn't post-colonial? News to me. Maybe I AM out of my league.

[midranger]

I'll tell you what. When Bitcoin/Ethereum/LiteCoin/BitCoin Cash/Bitcoin The 3rd/Bitcoin Supreme/Bitcoin Ocho/or any of the hundred other competing coins becomes the international reserve currency of the entire world, I will owe everyone a big apology.

[BuckHole]

Bye, Felicia

[Finn]

What a world we live in. People mining electrical nothing, that is worth something, because it has to be mined.

This is exactly where you are just so out of your league and so fundamentalist in your views. It's comical really.

The entire planet is headed toward a potential mass-adopted decentralized open-source platform for finance and not to mention an infinite number of other applicable uses.

[BIG SNIP OF CONTENT]

Keep being dismissive, brother. The cryptospace will just sweep you up soon enough and it won't be your choice. It is here.

I am 100% out of my league as it relates to all this crypto stuff but that statement seems outlandish. Of course, you do include the "potential" qualifier.

[BUCKnation]

On top of NEO, and SUB as mentioned by Bizarro, I'm also invested in Vechain, which has a lot of partnerships and is one of the top cryptos in China and should only go higher after a soon to be rebrand. Waiting to get into RaiBlocks which has huge potential. Only on KuCoin and Bitgrail right now, and KuCoin has an ethereum issue to i cant deposit into that to get RaiBlocks at the moment. Should do super well when it hits Binance soon.

[bizarro]

What a world we live in. People mining electrical nothing, that is worth something, because it has to be mined.

This is exactly where you are just so out of your league and so fundamentalist in your views. It's comical really.

The entire planet is headed toward a potential mass-adopted decentralized open-source platform for finance and not to mention an infinite number of other applicable uses.

[BIG SNIP OF CONTENT]

Keep being dismissive, brother. The cryptospace will just sweep you up soon enough and it won't be your choice. It is here.

I am 100% out of my league as it relates to all this crypto stuff but that statement seems outlandish. Of course, you do include the "potential" qualifier.

Potential was most definitely intentional. This isn't an all or nothing scenario. It never is. BUT, I will tell you: 100,000 people an hour have been trying to sign up to the crypto-exchanges. Um...that's a lot.

[bizarro]

On top of NEO, and SUB as mentioned by Bizarro, I'm also invested in Vechain, which has a lot of partnerships and is one of the top cryptos in China and should only go higher after a soon to be rebrand. Waiting to get into RaiBlocks which has huge potential. Only on KuCoin and Bitgrail right now, and KuCoin has an ethereum issue to i cant deposit into that to get RaiBlocks at the moment. Should do super well when it hits Binance soon.

I love KuCoin. What's their Ethereum issue? I just deposited 2 Ether at 10 am with absolutely no problem. The Ethereum network has been congested ad finitum for a week. This morning I had my best luck in dayssssss.

[midranger]

People want crypto because they see it's value in fiat going up. When the value in fiat goes down, they want out of crypto see: Ripple. People want more fiat currency by any means necessary, because they can spend it on goods and services.

FWIW, Ripple is the best idea out of all the cryptocurrencies I've read about. But then you have the issue of the company "probably" giving away 1 billion of them every month to banks who will agree to use it for the next what? 55 months? With 55 billion free ripple out there for the banks to use, why will they ever buy yours?

[BUCKnation]

On top of NEO, and SUB as mentioned by Bizarro, I'm also invested in Vechain, which has a lot of partnerships and is one of the top cryptos in China and should only go higher after a soon to be rebrand. Waiting to get into RaiBlocks which has huge potential. Only on KuCoin and Bitgrail right now, and KuCoin has an ethereum issue to i cant deposit into that to get RaiBlocks at the moment. Should do super well when it hits Binance soon.

I love KuCoin. What's their Ethereum issue? I just deposited 2 Ether at 10 am with absolutely no problem. The Ethereum network has been congested ad finitum for a week. This morning I had my best luck in dayssssss.

Last night they werent able to take ethereum deposits, I did check this morning and it was appeared to be working again, but I had already moved it to binance and traded it for another coin before ethereum went down any further.