Bitcoin storms past $11,000 Signals a lost in confidence in traditional investments

Angstrom

Hall of Fame Member
May 8, 2011
10,659
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So there is a bidding system?

Yes, essentially the whole system is nothing more then computers all over the world who calculate a bidding system. Like a stock market. And anyone can add their computers into the system to earn a percentage of the sales fee.
 

OpposingDigit

Electoral Member
Aug 27, 2017
903
0
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I just checked the CloudCoin website .....

In June, I paid 127.00 Canadian for 100 CloudCoin. Today they are worth 471 bucks Canadian.

CloudCoin is opening up an exchange on Monday.
 

petros

The Central Scrutinizer
Nov 21, 2008
109,389
11,448
113
Low Earth Orbit
BitCoin is going end up being banned in even more con tries.

It hasn't been underwriten. Nothing backs it.

It like the moronic idea banks create money from thin air. If they "create money from thin air" it's underwriten and they are left holding the bag.

It's like when Wynne tried to cash in on CPP's success by offering the OPP. After they lost Govt employee pension and Unifor pension which the ON Govt underwrote on their behalf as guaranteed return on 3Ps that tanked, she could find an underwriter who would take the risk with ON's shit AA- credit rating and Harper telling her to go blow a dead billy goat.
 

OpposingDigit

Electoral Member
Aug 27, 2017
903
0
16
The mistake BitCoin made was to allow itself to be called or named a "Currency" rather than a "Token".

When BitCoin became viewed or was sold as being a "Currency", it then is policed by Sovereign Governments, and who are all about protecting their country's own currency.

No country can survive as a Sovereign State when it has no reliable currency controls.

All this hype about Crypto Currencies is to excite Small Town Thinkers into jumping on the bandwagon. They are even selling "Percentages" of a Bitcoin if you can not afford to purchase one outright. When BitCoin collapses, it will destroy any confidence in all types of Crypto Currencies.

In a sense, Donald Trump ran for president as a "Populist".
https://en.wikipedia.org/wiki/Populism

He has ruined the tagline "Populist". If any future candidate was to claim "Populism" as a credo, he will be despised.

The same thing is gonna happen with Crypto Currencies.
 

Danbones

Hall of Fame Member
Sep 23, 2015
24,505
2,197
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Just like the fiat paper money in YOUR wallet eh?
;)
competition is a sin doood!
 

Danbones

Hall of Fame Member
Sep 23, 2015
24,505
2,197
113
lol bit chain has blockchain which you know NOTHING about
so keep your worthless paper , which lol was worth what, 3% of what it was a few years ago? Ha Ha!

more crypto for everyone else
 

Danbones

Hall of Fame Member
Sep 23, 2015
24,505
2,197
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yup thats what they said a few thousand percents ago
before hillary was to be selected
:)

Your paper money king pints have a bitcoin futures market, that's the con to watch out for.
Same as they have been BUSTED already for in precious metals and the stock market.
 

Curious Cdn

Hall of Fame Member
Feb 22, 2015
37,070
6
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yup thats what they said a few thousand percents ago
before hillary was to be selected
:)

Your paper money king pints have a bitcoin futures market, that's the con to watch out for.

George Soros is printing up our phony scrip PERSONALLY in the back of a kosher pizzeria owned by Mossad and run by Bill to pay for their paedophilia.
 

OpposingDigit

Electoral Member
Aug 27, 2017
903
0
16
I think that people should be thinking "Technology - Softare" and not "Coin Value"

BitCoin was/is an "Encrypted" Currency.

CloudCoin is an "Digital" Currency.

Because BitCoin is "Encrypted", it takes hours and hours to complete any transaction.

CloudCoin is "Digital" and uses RAIDA Technology.
https://www.blockchaintechnology-ne...-their-raida-technology-can-overthrow-bitcoin

The transaction happens in a nano second.
And, it is Cloud Based.
Is anonymous like BitCoin is.

The Technology or software used to distribute the "Asset" (Cloud Coin) is quite unique.

That is why I purchased a hundred bucks of CloudCoin this past June. I never intend to spend the CloudCoin and will simply sell out after I run out of nerve to continue letting my 127 bucks worth ride a little longer ...
 

IdRatherBeSkiing

Satelitte Radio Addict
May 28, 2007
14,617
2,365
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Toronto, ON
I think Barnum or Bailey once said there was a sucker born every minute. Bitcoin and CloudCoin are Exhibit A proving he may have been right.
 

Corduroy

Senate Member
Feb 9, 2011
6,670
2
36
Vancouver, BC
Bitcoin's price dipped below $8,000 for the first time in 11 weeks in the midst of a broader cryptocurrency sell-off.


The volatile digital asset fell as low as $7,695.10 on Friday according to CoinDesk, marking the first time it has fallen below the $8,000 level since November 24. CoinDesk's bitcoin price index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex.



The price of bitcoin recovered to $8,618 mid-Friday morning New York time.


https://www.cnbc.com/2018/02/02/bitcoin-price-drops-below-8000-for-first-time-since-nov-24.html
 

OpposingDigit

Electoral Member
Aug 27, 2017
903
0
16
This past week, I talked my friend into buying a hundred dollars worth of CloudCoin.
So now, I got 200 bucks invested plus my friends hundred bucks for a total of 300 bucks.

An interesting article ....... I don't know the writer of this article ..... and this article might just be some sales propaganda. Like Click-Bait or whatever.

The most important mention .... and the reason I first invested in CloudCoin ...

Bitcoin only does seven transactions [per second] but we can do 100,000 transactions per second once we get up and going – we’re doing about 25,000 right now.”

Although not mentioned in this story, .....CloudCoin also brags about having the ability of processing 25 percent more transactions per second than current VISA processing does.

How new currency stands out from the cloud
By James Burton
May 25, 2018
https://www.wealthprofessional.ca/market-talk/how-new-currency-stands-out-from-the-cloud-242942.aspx

Sean Worthington invented its RAIDA (Redundant Array of Independent Detection Agents) platform, which, unlike bitcoin, does not require public ledgers or accounts and is instead based on the CloudCoins themselves possessing that information. Passwords allow people to transfer coins on what Worthington calls the “most private currency in the history of humanity”.

CloudCoin is set to be tradeable on BitShares within two months, although the currency, which went live just over a year ago, can still be bought in the meantime.

Worthington said that while blockchain was the first system to address the physical integrity problem of digital money, his RAIDA database is the superior model.

He said: “We built on DNS technology and created the RAIDA, a database that cannot be brought down. It’s a super base. It doesn’t track anything except for money that is counterfeit.”

He added: “Just in general it’s better in every single metric. But the way that the blockchain works is that it tracks every single transaction that ever happens and so it takes a database that you can write to and add to but you cannot delete or alter records that have happened in the past because of the structure of this thing.”

Worthington argues that blockchain has to grow and grow with each transaction and currently sits at about 160 gigabytes. CloudCoin, he believes, has more potential.

He said: “It’s globally scalable. Bitcoin only does seven transactions but we can do 100,000 transactions per second once we get up and going – we’re doing about 25,000 right now.”

While admitting the space is ultra-competitive, Worthington believes the RAIDA is what separates his currency from rivals. He also believes now is the time for investors to take a punt on its success, predicting at least a double-your-money return.

“I think we have a right to be in the market; we are competing very well and we are going to rise to the top. There are 1,500 other currencies but they are all dependent on the blockchain for integrity and ours is the only one that uses the RAIDA. We have a lot of unique advantages over all of them.”

He added: “Cloudcoin is very new and it’s not even on an exchange so it’s very cheap. You are getting in on a new technology that’s on the bottom floor, so the chances of it rising greatly are much more than with other currencies, who are well established.

“Also, currencies usually take about two years before they start taking off. If someone was to hold on to it for year, they would double their money at least or do quite a bit better.”
 
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OpposingDigit

Electoral Member
Aug 27, 2017
903
0
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Beyond BitCoin - The Future Of Digital Currency (e-Book)
Second Edition
The secrets of money have been discovered.
Monetary systems are, in fact, information systems. They are accounting systems that help humans economize. Like all animals, humans must economize to survive. Monetary systems allow each of us to make decisions to coordinate our actions and to optimize.
Join computer scientist Sean Worthington as he shows you the possible futures of digital currencies. One where prosperity explodes and people live free and in control of their lives. Another future where blockchain socialists track every purchase you make and take your money to give to others.
Read about Worthington's invention: CloudCoin that provides a theoretically "perfect" global currency that cannot be counterfeited, double-spent, mined or lost. With CloudCoin your exchanges are 100% private, requiring no public ledgers, accounts, or even encryption. CloudCoins form a monetary system that is fair and ethical and requires no special software or downloads, and, like the Internet itself, cannot be brought down by governments, hackers or even nuclear weapons.
By Sean Worthington
April 2018
https://www.amazon.com/Beyond-Bitcoin-Future-Digital-Currency-ebook/dp/B076MQCRG6
http://www,seanworthington.com
(PDF Document)
http://cloudcoin.global/pdf/book.pdf

Cloud Coin - The Future of Crypto
Beyond BitCoin - The Future Of Digital Currency
The secrets of money have been discovered.
Monetary systems are, in fact, information systems. They are accounting systems that help humans economize. Like all animals, humans must economize to survive. Monetary systems allow each of us to make decisions to coordinate our actions and to optimize.
Join computer scientist Sean Worthington as he shows you the possible futures of digital currencies. One where prosperity explodes and people live free and in control of their lives. Another future where blockchain socialists track every purchase you make and take your money to give to others.
Read about Worthington's invention: CloudCoin that provides a theoretically "perfect" global currency that cannot be counterfeited, double-spent, mined or lost. With CloudCoin your exchanges are 100% private, requiring no public ledgers, accounts, or even encryption. CloudCoins form a monetary system that is fair and ethical and requires no special software or downloads, and, like the Internet itself, cannot be brought down by governments, hackers or even nuclear weapons.
Second Edition
Host Digital Shredda
June 01, 2018
https://cloudcoin.global/index.html
https://cloudservice.academy
https://cloudcoinconsortium.com/index.html
(YouTube Video)