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CryptoCurrency Chatter

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#1
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FAQS:
Cryptocurrencies, sometimes called virtual currencies, digital money/cash, or tokens, are not really like U.S. dollars or British pounds. They live online and are not backed by a government. They’re backed by their respective networks. Technically speaking, cryptocurrencies are restricted entries in a database. Specific conditions must be met to change these entries. Created with cryptography, the entries are secured with math, not people.

Restricted entries are published into a database, but it’s a special type of database that is shared by a peer-to-peer network. For example, when you send some Bitcoin to your friend Cara, you’re creating and sending a restricted entry into the Bitcoin network. The network makes sure that you haven’t not the same entry twice; it does this with no central server or authority. Following the same example, the network is making sure that you didn’t try to send your friend Cara and your other friend Alice the same Bitcoin.

The peer-to-peer network solves the “double-spend” problem (you sending the same Bitcoin to two people) in most cases by having every peer have a complete record of the history of all the entries made within the network. The entire history gives the balance of every account including yours. The innovation of cryptocurrency is to achieve agreement on what the history is without a central server or authority.

Entries are the representation of cryptocurrency.

Cryptocurrencies are generated by the network in most cases to incentivize the peers, also known as nodes and miners, to work to secure the network and check entries. Each network has a unique way of generating them and distributing them to the peers.

Bitcoin, for example, rewards peers (known as miners on the Bitcoin network) for “solving the next block.” A block is a group or entries. The solving is finding a hash that connects the new block with the old one. This is where the term blockchain came from. The block is the group of entries, and the chain is the hash. Hashes are a type of cryptologic puzzle. Think of them as Sudoku puzzles that the peers compete to connect the blocks.

Every cryptocurrency is a little different, but most of them share these basic characteristics:

They’re irreversible. After you send a cryptocurrency and the network has confirmed it, you can’t retrieve it. Cryptocurrencies are one way, no chargebacks.
They’re anonymous. Anyone can open a wallet, no ID required, and have varying stages of anonymity depending on which token you utilize.
They’re fast and globally accessible. Entries are broadcast across the network immediately and are confirmed in a couple of minutes.
They’re built to be very secure. Cryptocurrencies use the latest cryptographic techniques, but they’re in early development.
They have a controlled supply limited by the network.
Price Ticker:
https://www.binance.com/
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#2
@Maiko @
Mint
@
NubianKing
@Christopher
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#3
what you own pac
learning to wait till the problems show.

if the problems never show, then you're the one.
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#4
I was interested in Dogecoin.
1 person likes this: PACMAN
I ain't one-sided, I'm open-minded
I'm fifty-fifty and I'm never gonna hide it
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#5
(01-13-2018, 11:34 PM)Maiko Wrote: what you own pac


none right now but i'm interested in tron. also, im hearing it's easy to mine vertcoin on computers an average person would have. you can get like 100 dollars in it in a month then, trade it for something else. I Don't Know
2 people like this: Mint, Maiko
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#6
(01-13-2018, 11:52 PM)Goosey Wrote: I was interested in Dogecoin.


Of course you would be lol
learning to wait till the problems show.

if the problems never show, then you're the one.
Reply
#7
Let’s go bitches

[Image: lot-75-shop-with-me-barbie-cash-register...122bec.jpg]
2 people like this: PACMAN, Maiko
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#8
My portfolio is diverse. Give me 100k and I'll be done.
1 person likes this: PACMAN
Making Popfn a Better Place
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#9



honestly thank God, and I hope this continues.
1 person likes this: PACMAN
learning to wait till the problems show.

if the problems never show, then you're the one.
Reply
#10
(01-17-2018, 10:59 AM)Maiko Wrote:


honestly thank God, and I hope this continues.


you tryna buy in so that's why it's good? lmao
and cryptos looked like SHIT all week. it was tragic. when they bounced back, it was good though (for people like you and myself who wanna get in).
also, can we discuss what everyone is doing about filing taxes on their crypto? that's one of the reasons i'm not buying in since idk how to file taxes for it and i don't wanna end up paying taxes on small ass crypto gains.
iggy
(@Christopher)
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#11
(01-20-2018, 02:21 AM)PACMAN Wrote:
(01-17-2018, 10:59 AM)Maiko Wrote:


honestly thank God, and I hope this continues.

you tryna buy in so that's why it's good? lmao
and cryptos looked like SHIT all week. it was tragic. when they bounced back, it was good though (for people like you and myself who wanna get in).
also, can we discuss what everyone is doing about filing taxes on their crypto? that's one of the reasons i'm not buying in since idk how to file taxes for it and i don't wanna end up paying taxes on small ass crypto gains.
iggy
(@Christopher)


I'm not "Trying" to buy in, I already have bought in. Do you realize how much pumping and dumping is happening in this? Literally each day I see marketing about 20 to 30 pointless ICO's. It's insane.

I believe in Ripple, everything else for the most part can go away.
learning to wait till the problems show.

if the problems never show, then you're the one.
Reply
#12
(01-20-2018, 06:27 AM)Maiko Wrote: I'm not "Trying" to buy in, I already have bought in. Do you realize how much pumping and dumping is happening in this? Literally each day I see marketing about 20 to 30 pointless ICO's. It's insane.

I believe in Ripple, everything else for the most part can go away.


mess. just believing in one is going to leave you disappointed many days. you should diversify your portfolio

also, the way you hopped over my tax questions.
iggy
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#13
(01-20-2018, 12:16 PM)PACMAN Wrote:
(01-20-2018, 06:27 AM)Maiko Wrote: I'm not "Trying" to buy in, I already have bought in. Do you realize how much pumping and dumping is happening in this? Literally each day I see marketing about 20 to 30 pointless ICO's. It's insane.

I believe in Ripple, everything else for the most part can go away.

mess. just believing in one is going to leave you disappointed many days. you should diversify your portfolio

also, the way you hopped over my tax questions.
iggy


My portfolio is diversified, but it still doesn't change the fact that 99% of these cryptocurrencies are useless, pump and dump crap.

Ripple is literally the only one being used now by banks.
learning to wait till the problems show.

if the problems never show, then you're the one.
Reply
#14
(01-20-2018, 12:17 PM)Maiko Wrote:
(01-20-2018, 12:16 PM)PACMAN Wrote: mess. just believing in one is going to leave you disappointed many days. you should diversify your portfolio

also, the way you hopped over my tax questions.
iggy

My portfolio is diversified, but it still doesn't change the fact that 99% of these cryptocurrencies are useless, pump and dump crap.

Ripple is literally the only one being used now by banks.


why is ripple so low in respect to bitcoin and eth?
iggy
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#15
(01-20-2018, 07:48 PM)PACMAN Wrote:
(01-20-2018, 12:17 PM)Maiko Wrote: My portfolio is diversified, but it still doesn't change the fact that 99% of these cryptocurrencies are useless, pump and dump crap.

Ripple is literally the only one being used now by banks.

why is ripple so low in respect to bitcoin and eth?
iggy



Because their is more ripple in existence than both of them combined and multiplied.
1 person likes this: PACMAN
learning to wait till the problems show.

if the problems never show, then you're the one.
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