Fecal Tornado Posted March 21, 2017 Report Share Posted March 21, 2017 more or less saying get out of btc now or you might not be able to? Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted March 21, 2017 Report Share Posted March 21, 2017 wheres plommer? Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted March 21, 2017 Report Share Posted March 21, 2017 can you post the gist of it? Quote Link to comment Share on other sites More sharing options...
Fecal Tornado Posted March 21, 2017 Author Report Share Posted March 21, 2017 Potential Bitcoin ChangesWe wanted to provide you with some important information regarding potential changes to Bitcoin that could significantly impact bitcoin held in your Circle Account.As described in our User Agreement, “Bitcoin is a decentralized currency that operates on open source software protocols which can be used, modified or adapted by anyone... As a result of the decentralized nature of Bitcoin it is possible that sudden, unexpected or controversial changes (“forks”) can be made to Bitcoin.”Based on recent developments in the Bitcoin ecosystem, it now seems likely that one or more forks of Bitcoin may occur in the near future. Any fork of Bitcoin may have a significant impact on the value of bitcoin and your ability to access the bitcoin you hold with Circle. What should I do?The only way to avoid the potential negative consequences of a Bitcoin fork is to not hold bitcoin. Just go to Settings > Currency and convert your balance to dollars, pounds or euro (availability is based on where you live). You’ll then be able to hold those funds with Circle or cash out Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted March 21, 2017 Report Share Posted March 21, 2017 Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 21, 2017 Report Share Posted March 21, 2017 don't get forked holding bitcoin! or is circle just trying to totally get out of it Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted March 21, 2017 Report Share Posted March 21, 2017 I did not get that email. Maybe because I do not have a balance. Circle is pretty much out of the bitcoin business and its CEO has predicted it will not exist in 5 years. Apparently there may be two versions of bitcoin coming and Circle may not want anything to do with that so giving a warning ahead time. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted March 21, 2017 Report Share Posted March 21, 2017 From what I read, it seems that most of these bitcoin outfits think they will be able to handle the split. But it seems your bitcoin could become stranded with a place if they do not have the system set up to accommodate. Circle would probably have that capability but they might not. I'd probably transfer my bitcoin out of there to a place more committed to bitcoin. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted March 21, 2017 Report Share Posted March 21, 2017 One bitcoin version is declaring that they will declare war on the other version if there is a hard fork. This is pretty wild stuff. Seems this fork is definitely going to happen. If you want to hold bitcoin, better start doing some research. You could get slammed. Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted March 22, 2017 Report Share Posted March 22, 2017 when is the fork going down? Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted March 22, 2017 Report Share Posted March 22, 2017 when is the fork going down?Nobody knows. They are trying to work it out but apparently one side might just say F it and then there will be a hard fork and that's when the trouble starts. Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted March 22, 2017 Report Share Posted March 22, 2017 wow bitcoin basically crips and bloods. this sucks Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted March 22, 2017 Report Share Posted March 22, 2017 Hopefully, it results in a lot faster confirms by football season. It's pretty ridiculous right now which is apparently what it is all about. Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted March 24, 2017 Report Share Posted March 24, 2017 keeps going down wtf Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted March 24, 2017 Report Share Posted March 24, 2017 keeps going down wtfDid any resonable person think long term this wouldn't happen? Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted March 24, 2017 Report Share Posted March 24, 2017 Did any resonable person think long term this wouldn't happen? well those unreasonable ppl sure got lucky when they originally paid $13 per coin Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted March 24, 2017 Report Share Posted March 24, 2017 Yes they did As did enron investors who bought the ipo. Bitcoin is a ponzi scheme Period Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted March 24, 2017 Report Share Posted March 24, 2017 i just hope it doesnt bring George to his knees Quote Link to comment Share on other sites More sharing options...
plommer Posted March 24, 2017 Report Share Posted March 24, 2017 well those unreasonable ppl sure got lucky when they originally paid $13 per coinoriginally they paid less than 1 cent per coin. Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted March 24, 2017 Report Share Posted March 24, 2017 Yes they did As did enron investors who bought the ipo. Bitcoin is a ponzi scheme Period How is it a ponzi scheme? Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted March 24, 2017 Report Share Posted March 24, 2017 When the stock market crashes, people are set back 5-10 years. This bitcoin drop has set bitcoin holders back... 3 months. The price seems to be going down because of potential competition from another type of coin, not because the concept of bitcoin isn't viable. Quote Link to comment Share on other sites More sharing options...
plommer Posted March 24, 2017 Report Share Posted March 24, 2017 When the stock market crashes, people are set back 5-10 years. This bitcoin drop has set bitcoin holders back... 3 months. The price seems to be going down because of potential competition from another type of coin, not because the concept of bitcoin isn't viable. Bitcoins main rival is Ethereum. Ethereum is capable of running bitcoin within itself. Ethereum is superior technology that has implemented methods to avoid the kind of problems bitcoin is currently experiencing with block size and fees etc. Ethereum is more robust and a superior technology than bitcoin. Problem for Ethereum is that bitcoin was here first. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted March 24, 2017 Report Share Posted March 24, 2017 How is it a ponzi scheme?Model 5 innings You are good at that Quote Link to comment Share on other sites More sharing options...
BAUS Posted March 24, 2017 Report Share Posted March 24, 2017 Boat, what will happen in the year 2140 when all the bitcoins are mined? And no more are made? Is it still a ponzi? BAUS Quote Link to comment Share on other sites More sharing options...
Reno Marty Posted March 24, 2017 Report Share Posted March 24, 2017 Model 5 innings You are good at that What are you good at? You never defend anything you say. First you say it's a difficult problem for books to handle bitcoin price risk, now bitcoin is a ponzi scheme. What next? The moon doesn't exist? Quote Link to comment Share on other sites More sharing options...
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