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WHO knows anything about BITCOIN exchanges?


BTChakkd
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I am not a newb, but for this project I would like to keep myself anonymous.

I am curious to if any hackers or computer guRu's here have had any play in the BitCoin world, or crypto-currency, at all? I will wait to see if anyone ventures into the realm before I talk more about the ideas at hand.

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Yes, I have had a small journey into the crypto currency world. I have tried bitcoin but have found that it is bound to fail. I was waiting for another coin to show up and, i have one coin at hand that has sparked my intrest. Its name is rimbit, Its rather new and has a great future ahead of it... if you want check it out at www.rimbit.com

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  • 2 months later...

I got in to bitcoin at the beginning of 2014 out of curiosity. Slowly invested throughout the year. As I gained a better understanding of it I increased my purchases till I was buying multiple coins at a time. Their volatility is not quite as random as it appears when you first start watching it and despite it being one of 2014 "worst investments" I managed to make profits well into the thousands (USD) with very little effort. Mostly just a ticker in the corner of my browser and an app on my phone. I would not invest anything you can't afford to lose nor did I make a living trading it but it certainly was a nice addition to my rainy day fund. Currently with its value so low its not a bad time to buy a little even if just for fun. Honestly I was just curious what the fuss was all about but ended up believing in its longevity despite all the hacks, controversy, and huge decline in value. The concept, application and versatility of non fiat backed crypto currency's has led me to conclude they are here to stay. Not to mention the aspect of complete anonymity without the typical and outrageous costs one encounters to launder funds will keep more money where it belongs. Though I do not have 10 or more posts I am happy to discuss this subject and am happy to provide sources and evidence where you or anyone finds their faith lacking.

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I feel bitcoin has at least earned its place but I would only touch it in those unique cases where something can only be purchased with bitcoins with, currently, is nothing that is of value to me.

Any investment in bitcoins must be seen as a high-risk investment. Those can garner great pay offs just as easily as you can end up losing all your money. Just make sure you truly know what you're doing before you start with it and you should be fine.

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  • 3 weeks later...
  • 2 months later...

Yes, I have had a small journey into the crypto currency world. I have tried bitcoin but have found that it is bound to fail. I was waiting for another coin to show up and, i have one coin at hand that has sparked my intrest. Its name is rimbit, Its rather new and has a great future ahead of it... if you want check it out at www.rimbit.com

So just to be clear...you came here, found this one post, and made you a whole new account just to comment about rumbit.......

Just so you know, we here, the Hak5 community, wear cleats 24/7, for 2 reasons. 1. we stomp on Afroturf, 2. you'll never catch us "slippin".

That is all.

Edited by bytedeez
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  • 3 weeks later...

Using bitcoin or other cryptocurrencies rather than USD or other Rotheschild one of many ways to stick it to the man. I support anything that goes against the established systems of economic exploitation and taxation.

Bitcoin may no longer be a sound investment but there are always new cryptcurrencies being developed. If you can get in on them at ground level either by mining a bunch before the difficulty goes up or just doing some work for the coin.

I did some dev work on a cryptocurrency wallet a while back but then the coin wasn't released. The guy shelved it for some other projects. It has some unique crypto and I think he will still let have the source code. Just for the hashing function if nothing else.

I have always fancied the idea of having a lot of mining rigs around that I could also use for distributed computing projects when I need.

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