To ask if anyone dabbles with bitcoin?

[MollyWantsACracker]

Disclaimer: I am totally clueless

I bought a few euro worth today, just for fun really

Anyone else?

Whoops, forgot the chart

Clearly - if only to satisfy the more pugnatious members of this thread -
we have to invent our own cryptocoin. I can see it now... Nitcoin? LTBcoin? (I mean, why stop at one Mumsnet cryptocoin)

Yes! We could have an ICO and raise millions! Who needs to trade cryptos when you can just create your own!

The famous MN chicken to feed an army coin- cluckcoin with a picture of a roast chicken on it.

I am going to bed. My Ethereum is making me feel quite lightheaded.

Ponzicoin. Scamcoin. Bubblecoin. Or shall we stick to Bitcon.

Gincoin.

Wineoclockcoin.

Oh yes, solid little Ether, ploughing on in its steady* way is doing well today... thank you for alerting me...

*only in crypto world does Ether's double digit percentage rise in the last 24 hours count as steady.

Apparently Bitcoin is all set to destroy humanity with electricity consumption growing 25% per month.

www.weforum.org/agenda/2017/12/bitcoin-consume-more-power-than-world-2020/

Kodak are going all in. Not only are they launching the Kodakcoin, but they are selling a Bitcoin miner on a two year contract where for the bargain price of $3400 you get to happily mine away at home and Kodak keeps half the mined Bitcoins!!!!

www.zdnet.com/article/kodak-bitcoin-miner-on-display-at-ces-2018/

I thought it was a joke, but no, it seems real. Really properly real.

Batshit crazy

I just cannot see crypto currencies remaining legal and unregulated for that long. They are a perfect currency for criminals.

Definitely tulip bulbs but the bust could even be worse.

At least you could see a tulip bulb. This is more like the Emperor's new clothes. There is no money there. It's backed by nothing. People must have no understanding of economics if they've fallen for this. I don't have much but enough to know this is a total scam.

There is no money there.

Other than that created by miners, that is.

It's backed by nothing.

It's backed by proof of work which is available for all to see on the ledger.

It's backed by nothing. It doesn't exist. It's not created. The miners aren't creating money. Somebody might as well print money in their garden shed and expect people to buy it.

Money? Did someone say money? Goldman Sachs are now saying that Bitcoin could become money in developing countries.

fortune.com/2018/01/10/goldman-sachs-bitcoin-currency/

Goldman Sachs employ thousands of rentagob blokes. It doesn't mean anything.

I think a Shibe massage might help relax the nocoiners here.

not sure if serious

And with Becher's Brook in the distance, Ripple is faltering. After a great run, Ether looks as if could be starting to tire too. Bitcoin is still in front but what's that on the far side? Why, it's Bitcoin Cash, making a plucky run for it... That's a real turn up for the books.

People printing money in the garden shed would work as currency if everyone knew that the supply was controlled and couldn't be faked. Anything can be used. It doesn't have to have intrinsic value. Just to be trusted.

Bitcoin Cash- noooooooo, it’s an imposter! It will never dethrone us!

It is fun watching the 24 hour patterns. It consistently rises overnight and then falls during the day in a sort of East embraces,/West dismisses sort of way.

The whole point of it is Bitcoin can't be trusted. It's unregulated. Not backed by anyone or anything. It's volatile. It's not accepted widely as a medium of exchange. It'll go bust soon IMHO.

I’ve thought of an occasion where I would have found Bitcoin payment very useful. Last year we went to Russia on holiday and I booked tickets for quite a lot of the museums etc online. Figuring out the credit card pages was often a complete nightmare and it would have been so much simpler to just have an amount and a wallet address for payment.

Must get onto emailing/tweeting/facebooking Russia about this!

Bitcoin would have been very useful for buying these t-shirts from my favourite shop in Manhattan www.economycandy.com/product/economy-candy-t-shirt-heather-purple/ (other colours are available). At the moment, you have to have a US-registered credit card to buy them which is very annoying. Actually, I'm amazed that the shop actually has a website...