cryptocurrencies and mining

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hamor
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Re: cryptocurrencies and mining

Post by hamor » 09 Dec 2017 16:24

thanks
Oh and sounds like about $70M were hacked and stolen yesterday :rofl:

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Wallace
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Re: cryptocurrencies and mining

Post by Wallace » 10 Dec 2017 14:23

The bitcoin exchange that was hacked was NiceHash. The majority owner of NiceHash is a company named H-Bit, owned by Martin Skorjanc, the father of Matjaz Skorjanc, convicted author of the Mariposa bot. The younger Skorjanc is also the CTO and co-founder of NiceHash. He spent some time in prison in Slovenia for his hacking. Coincidence perhaps?

Probably not a good idea to go into a business owned by convicted criminals. :)
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Wallace
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Re: cryptocurrencies and mining

Post by Wallace » 15 Dec 2017 09:15

An interesting article for the non-mathematical on how bitcoins work, why they are so volatile, and the political ramifications. Good read.

http://nautil.us/issue/55/trust/the-bitcoin-paradox
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OhGreatGuru
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Re: cryptocurrencies and mining

Post by OhGreatGuru » 23 Dec 2017 23:01

And the "value" of bitcoins had dropped 25% in the past week. Sounds like the smart speculators are cashing in their chips for real money while they can.

doom_diver
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Re: cryptocurrencies and mining

Post by doom_diver » 30 Dec 2017 00:43

Yeah sitting really wealthy at the moment.

I own only three cryptos, Bitcoin, Eth and Litecoin. I’m going to keep the money there for a long time though, so it’ll be interesting to see how much more I get.

Originally I invested in cryptos because I thought instead of using dollars for in game transactions you would instead use bitcoin. (So like Runescape, Eve Online etc..)

Cryptos aren’t volatile, just a lot of people who sell too fast. Look at Eth in July/August and that only happened because 4chan made a rumour the founder was dead.

It’s a wonder though where these exchanges are putting the money. I sit in fear of how this will effect bank stocks.

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