does that mean the exchange rate will be 2.6 BitCoens for 1oz of Goldberg?
Viacheslav Semenchuk, a Russian entrepreneur, has just launched a cryptocurrency for Jews. Similar in concept to Bitcoin, it is called BitCoen, "the first Kosher cryptocurrency," as described on the company's Russian website. In the US, Coen and its variant Cohen are common surnames in the Jewish community; in Hebrew, they …
I perceived no deep context. The original simply said the year has turned out a bit crazy, which is true. That could be understood in a lot of ways.
The "unnecessary clarification" was really another sad thread-hijack, providing a weak-minded hater yet another platform to (supposedly) make fun of the Hated One.
Signal, meet noise.
I think I will stick with cash and credit cards. Perhaps it is just me but I still do not see the business case for bit coin unless you are trying to perform dark financial operations (and even then it's apparently not quite as dark as you might like it to be). Are they not just the digital equivalent of bearer bonds (only slightly less flexible)? Does the introduction of yet another 'service provider' add anything?
It all depends whether you trust banks and the governments they're in league with. At the moment, most people do (at least in the west) but as the realization of the global finance racket becomes apparent, I think people will be increasingly likely to look for something that's doesn't require you to trust any institution.
"that's doesn't require you to trust any institution."
Would that be an institution like a cabal of miners? Because it's not like an individual can mine their own Bitcoins any more, so you're either going to have to buy them from a miner, or an exchange, and those I'd both put under the heading of 'institution'.
Oh, and neither of them are likely to take physical cash either, so you're going to need a bank of some sorts.
And if you can manage to find someone who will take your physical cash in return for a BTC (and if you can trust them not to screw you over), why not just use the cash to buy whatever you wanted the BTC for in the first place? At least cash doesn't need electricity and a functioning comms network in order to be used.
" BitCoen would rank at about 115th among the more than 1,000 cryptocurrencies tracked by coinmarketcap.com."
Who knew that there were this many cryptocurrencies? Until the other day I had only every heard of Bitcoin and Etherium. I do think that any man and his dog seems to be creating a new currency and with a relatively small market the fragmentation is not good.
That's so last century thinking.
These days they are called the establishment and they come from all races, religions, colours and creeds to shit on the common man while increasing their wealth for absolutely no purpose but to keep themselves and families stinking rich in perpetuity.
"hopes to raise as much as $20m through an initial coin offering that aims to sell 100m worth of BitCoen digital tokens to investors"
For anyone not familiar with crypocurrency, this is what is generally referred to as a premining scam. Nothing supports this valuation and you're unlikely to see a return on investment. Anyone can just launch a crypocurrency and if they're already doing things like this you can't trust these developers at all.
any and all blockchain currencies depend on desperate speculation for launch, and money laundering for success. If those are in, this one and any other will be part of the club. Which, if anyone has noticed, is a wondrous bubble.
It used to be that diamonds were mostly for money laundering. I would assume that their price is coming down (also because of synthetics, but same difference)
prophesy: malware and social exploits targeting specifically blockchain will become more and more common.
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