I'm gobsmacked by Surfcrest's generosity in giving permission for someone to continuously promote and drive Sawatdee's traffic to what is now essentially a rival board. :-oQuote:
Originally Posted by bruce_nyc
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I'm gobsmacked by Surfcrest's generosity in giving permission for someone to continuously promote and drive Sawatdee's traffic to what is now essentially a rival board. :-oQuote:
Originally Posted by bruce_nyc
I think I've stick my foot out in the past with other new boards and was criticized then for my decisions, so thought best to try a different approach to hear from the other side of the membership. But seriously, I don't see anyone driving traffic away, only...as you say, to his board. People don't come to Sawatdee to hang out with me, they're here to hang out with everyone else and I think that is the big difference here. He's offering a specialty discussion in an already limited discussion group. I wish him well, but the value of the idea is not in the software platform, but rather with the membership. And have no fear or any interest in bitcoin, but I've enjoyed the discussion. :)Quote:
Originally Posted by Tobi
Surfcrest
You think?!Quote:
Originally Posted by Surfcrest
Quote:
Originally Posted by bruce_nyc
Whilst you've all been sitting there trying to work out how much your bitcoins are going to rise in the next while it appears you may have been missing a trick as it appears one of the best investments around of late is in fact......wait for it.....LEGO BRICKS !! ( seriously !)
As taken from and as trending on twitter just now....... The value of LEGO Brick-Building Sets Has Risen Faster Than Stocks and Gold Since 2000, Report says the average mint-condition Lego set has jumped in value by 12 percent annually, the Telegraph reported. Gold earned 9.6 percent a year over the same period, followed by stocks and bank interest.
So, there you go, never mind Bitcoin wallets and the like, get down to your nearest toy store and buy the place out it seems, who knows, perhaps you could even pay for your LEGO bricks in Bitcoin ( but I doubt it ! ) :-)
I'd avoid LEGO if you're an ethical investor as they support $cientology. http://d.pr/1lH4f
In the past 1 year, bitcoin has performed terribly. It only rose by 45%. ;)
How much did you say Lego has increased in the past year?
[attachment=0:2mws5hgz]Screenshot_2015-12-27-11-06-45.png[/attachment:2mws5hgz]
The history of Bitcoin vis-a-vis losses, fraud and theft;
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Theft and exchange shutdowns https://en.wikipedia.org/wiki/History_of_Bitcoin
Theft of bitcoin has been documented on numerous occasions. At other times, bitcoin exchanges have shut down, taking their clients' bitcoins with them. A Wired study published April 2013 showed that 45 percent of bitcoin exchanges end up closing.[111]
On 19 June 2011, a security breach of the Mt. Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt. Gox exchange, after a hacker used credentials from a Mt. Gox auditor's compromised computer illegally to transfer a large number of bitcoins to himself. They used the exchange's software to sell them all nominally, creating a massive "ask" order at any price. Within minutes, the price reverted to its correct user-traded value.[112][113][114][115][116][117] Accounts with the equivalent of more than US$8,750,000 were affected.[114]
In July 2011, the operator of Bitomat, the third-largest bitcoin exchange, announced that he lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to US$220,000 at that time). He announced that he would sell the service for the missing amount, aiming to use funds from the sale to refund his customers.[118]
In August 2011, MyBitcoin, a now defunct bitcoin transaction processor, declared that it was hacked, which caused it to be shut down, paying 49% on customer deposits, leaving more than 78,000 bitcoins (equivalent to roughly US$800,000 at that time) unaccounted for.[119][120]
In early August 2012, a lawsuit was filed in San Francisco court against Bitcoinica тАФ a bitcoin trading venue тАФ claiming about US$460,000 from the company. Bitcoinica was hacked twice in 2012, which led to allegations that the venue neglected the safety of customers' money and cheated them out of withdrawal requests.[121][122]
In late August 2012, an operation titled Bitcoin Savings and Trust was shut down by the owner, leaving around US$5.6 million in bitcoin-based debts; this led to allegations that the operation was a Ponzi scheme.[123][124][125][126] In September 2012, the U.S. Securities and Exchange Commission had reportedly started an investigation on the case.[127]
In September 2012, Bitfloor, a bitcoin exchange, also reported being hacked, with 24,000 bitcoins (worth about US$250,000) stolen. As a result, Bitfloor suspended operations.[128][129] The same month, Bitfloor resumed operations; its founder said that he reported the theft to FBI, and that he plans to repay the victims, though the time frame for repayment is unclear.[130]
On 3 April 2013, Instawallet, a web-based wallet provider, was hacked,[131] resulting in the theft of over 35,000 bitcoins[132] which were valued at US$129.90 per bitcoin at the time, or nearly $4.6 million in total. As a result, Instawallet suspended operations.[131]
On 11 August 2013, the Bitcoin Foundation announced that a bug in a pseudorandom number generator within the Android operating system had been exploited to steal from wallets generated by Android apps; fixes were provided 13 August 2013.[133]
In October 2013, Inputs.io, an Australian-based bitcoin wallet provider was hacked with a loss of 4100 bitcoins, worth over A$1 million at time of theft. The service was run by the operator TradeFortress. Coinchat, the associated bitcoin chat room, has been taken over by a new admin.[134]
On 26 October 2013, a Hong-Kong based bitcoin trading platform owned by Global Bond Limited (GBL) vanished with 30 million yuan (US$5 million) from 500 investors.[135]
On 3 March 2014, Flexcoin announced it was closing its doors because of a hack attack that took place the day before.[136][137][138] In a statement that now occupies their homepage, they announced on 3 March 2014 that "As Flexcoin does not have the resources, assets, or otherwise to come back from this loss [the hack], we are closing our doors immediately."[139] Users can no longer log in to the site.
No. It dropped from a high of $1,242 to $428. A loss of 66%.Quote:
Originally Posted by bruce_nyc
bruce_nyc said ┬╗ "In the past 1 year, bitcoin has performed terribly. It only rose by 45%. ;) How much did you say Lego has increased in the past year? "
Ha ha it says it all if you really felt the need there to defend Bitcoin against a light hearted post on twitter about Lego being more valuable than gold :-)
Don't worry, I doubt anyone will be going out and investing in mountains of Lego anytime soon ( way to awkard to build anyway what with all those sharp corners and all I'm sure ! )
Yeah. I doubt that anyone is including Lego sets in their investment portfolios.
My point was simply to keep it all in perspective.
Bitcoin has gone up.....
up 17.28% in the past 1 month
up 76.73% in the past 3 months
up 45.33% in the past 1 year
up 190913% in the past 5 years
So when people talk about amazing returns on investment.... I have trouble getting impressed by single digit increases annually.
( And one-day spikes or dips are just noise. Those affect nobody because nobody buys or sells at that moment.... at least nobody I know. )
You can put some bitcoin in your Airbitz wallet and *see* the dollar value increasing day after day. It's pretty cool.