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GB-man · 26 May 2017, 03:39 AM

Lol one guy in 2010 spent 10000 bitcoins on 2 pizzas. Today that would be worth 21 million dollars

http://time.com/money/4788066/bitcoi...-pizza-invest/

Etschell · 26 May 2017, 03:51 AM

it will crash.

powerfunk · 1 July 2017, 12:20 AM

Glad to see this thread is semi-alive! Seems like $2,500 is the new normal for BTC. I'm surprised nobody's mentioned Ethereum yet. When it shot up to $20 I was mad I didn't get in at $5; then it shot up to $50 and I was kicking myself again...now it's above $300 and firmly the #2 cryptocurrency.

Ethereum's killer functionalities are "smart contracts" and "tokens." So, instead of coins sitting in one person's wallet or another, they can be tied to an "if-then" statement. Some people theorize it could be used for futures (if oil price is above 90 at a certain time, send the money to Carl's wallet; otherwise send the money to Steve's wallet, etc.)

This is a good intro to Ethereum that explains it far better than I am. When it was written, Ethereum's market cap was $1 billion; now it's over $28 billion. Cryptocurrency-related startups are already raising far more money via Ethereum token sales than with venture capital! Tokens are being used as shares of stock, essentially. You could also issue your own token for something as simple as tickets to a show, etc. Anyway just figured there are lots of finance guys on here and everyone should at least know what ETH is. I noticed we had our first FS post that accepts Ether this month.

Fredrik · 1 July 2017, 05:17 PM

Here is a nice article about Etherum:

https://www.bloomberg.com/features/2...e-ether-thief/

26 May 2017, 03:51 AM	#212
Etschell "TRF" Member Join Date: Dec 2013 Location: FL Watch: platinum sub Posts: 15,884	it will crash. __________________ If you wind it, they will run. 25 or 6 to 4.

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26 May 2017, 03:39 AM	#211
GB-man 2024 SubLV41 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,356	Lol one guy in 2010 spent 10000 bitcoins on 2 pizzas. Today that would be worth 21 million dollars http://time.com/money/4788066/bitcoi...-pizza-invest/

1 July 2017, 12:20 AM	#213
powerfunk "TRF" Member Join Date: Jul 2011 Real Name: Rob Location: Boston, MA Watch: 1530 Posts: 3,799	Glad to see this thread is semi-alive! Seems like $2,500 is the new normal for BTC. I'm surprised nobody's mentioned Ethereum yet. When it shot up to $20 I was mad I didn't get in at $5; then it shot up to $50 and I was kicking myself again...now it's above $300 and firmly the #2 cryptocurrency. Ethereum's killer functionalities are "smart contracts" and "tokens." So, instead of coins sitting in one person's wallet or another, they can be tied to an "if-then" statement. Some people theorize it could be used for futures (if oil price is above 90 at a certain time, send the money to Carl's wallet; otherwise send the money to Steve's wallet, etc.) This is a good intro to Ethereum that explains it far better than I am. When it was written, Ethereum's market cap was $1 billion; now it's over $28 billion. Cryptocurrency-related startups are already raising far more money via Ethereum token sales than with venture capital! Tokens are being used as shares of stock, essentially. You could also issue your own token for something as simple as tickets to a show, etc. Anyway just figured there are lots of finance guys on here and everyone should at least know what ETH is. I noticed we had our first FS post that accepts Ether this month.

1 July 2017, 05:17 PM	#214
Fredrik 2024 Pledge Member Join Date: Oct 2011 Location: Sweden Watch: 1680 Posts: 1,874	Here is a nice article about Etherum: https://www.bloomberg.com/features/2...e-ether-thief/

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