[Chris JL]

RoboJ indeed, and you can’t be deposit insured, protected from iperinflation, easily tracked for money laundering or tax evasion etc etc

As I said, I’m sure that some here know better. Definitively worth trying to write a scientific article on this and send it to a scientific journal: there is even the (Ig) Nobel price to be had 😊

Oh, and if you are curious what these currencies are used for, look at some serious data crunching: papers.ssrn.com/sol3/papers.cfm?abstract_id=2544331

The above aside, block-chain is a useful technology, but that’s a totally different story.

PS still wondering whether the OP will declare capital gains on the transaction

[supacpeon]

Chris JL, "you're the feds" as the cool kids would say.

[gd79]

Jan 30, 2018 11:08:55 GMT 1 RoboJ said:

Jan 30, 2018 9:06:58 GMT 1 Chris JL said:

Since this is now sold, an Economics Nobel prize take on bitcoins and crypto currencies:
www.nytimes.com/2018/01/29/opinion/bitcoin-bubble-fraud.html

Oh, and in case you are wondering, his Nobel was motivated by his works on trade and currencies. But what does he know? I’m sure many on this forum know better 😊

I'm sorry but you cant put out a one sided story and say there you go...

Bitcoin has an intrinsic value because of the block chain. The block chain is like the invention of the wheel. Its such a big improvement over what we already have so unless somebody invents a better system then its here to stay. The individual coins them selves yes may be bubbles but crypto currencies definitely are not. So what makes Bitcoin better than fiat, which pretty much is a digital currency? Its more secure, I don't have to pay a bank huge fees as a middle man, I can pay anybody anywhere in the world with no hastle and most importantly it can't be quantitatively eased.

Bitcoin is quantitatively eased as part of its design... At least until the last coin is mined. Further, bitcoin does not give you any ownership of the blockchain technology. Great tech or not... And I'm yet to see a real world application that actually increases efficiency on the status quo.

[daveart]

Technologoy being what it is - blockchain is not the next wheel - its the next little tiny step on an ongoing evolution of digital technology that started 30 years ago. In 20 years you wont recognize where we are today any more than the 'its the new wheel' technology of 20 years back is still viable.

locking wealth in a totally electronic system could leave the system very vulnerable to hacking - oh wait - that's already happened a dozen times in the last few years to the tune of a combined what .. billion dollars of loss? Can you imagine if the NYSE said .. oops .. lost $1,000,000,000 of stock certificates?

And i dont understand why people benefiting from strong central banking and government services would actively seek out to change the economy to something that undermines both.

But its fun and interesting i'll give it that .. but really not much more interesting as my daughter and mom talking about their Starbucks Coffee 'Starbucks' .. which is probably the original ecurrency.

[sparky999]

People wouldn’t be arguing about whether it had value if it had no value, even the argument itself gives it value.

[gd79]

Jan 30, 2018 21:57:41 GMT 1 sparky999 said:

People wouldn’t be arguing about whether it had value if it had no value, even the argument itself gives it value.

Hmmm.. I spent most of 2016 debating whether a small Italian bank called Monte de Paschi had any value or not.... The hours of arguing didn't mean a jot.

I could say the same about a few other banks now.

A reason for crypto to exist for sure. But above post is right. In ages years we'll be miles away from bitcoin. It will be hacked at will once the next batch of supercomputers come out.

[mint]

Bitcoins are like art pieces to me.
They are worth what people value them at.
Hype helps the value. Overhyped hurts it.

I wouldn't be mad if I had some I got in trade etc, but I wouldn't ever put my money into it.

[Deleted]

Jan 30, 2018 17:34:27 GMT 1 daveart said:

Technologoy being what it is - blockchain is not the next wheel - its the next little tiny step on an ongoing evolution of digital technology that started 30 years ago. In 20 years you wont recognize where we are today any more than the 'its the new wheel' technology of 20 years back is still viable.

locking wealth in a totally electronic system could leave the system very vulnerable to hacking - oh wait - that's already happened a dozen times in the last few years to the tune of a combined what .. billion dollars of loss? Can you imagine if the NYSE said .. oops .. lost $1,000,000,000 of stock certificates?

And i dont understand why people benefiting from strong central banking and government services would actively seek out to change the economy to something that undermines both.

But its fun and interesting i'll give it that .. but really not much more interesting as my daughter and mom talking about their Starbucks Coffee 'Starbucks' .. which is probably the original ecurrency.

The 'hacking' you are talking about, has not occured on a blockchain level but only on a level of exchanges and wallets being hacked. 

That's like saying fiat money is flawed because in the 50's thieves were able to rob banks.

[daveart]

Jan 31, 2018 0:38:47 GMT 1 @blanksky said:

Jan 30, 2018 17:34:27 GMT 1 daveart said:

Technologoy being what it is - blockchain is not the next wheel - its the next little tiny step on an ongoing evolution of digital technology that started 30 years ago. In 20 years you wont recognize where we are today any more than the 'its the new wheel' technology of 20 years back is still viable.

locking wealth in a totally electronic system could leave the system very vulnerable to hacking - oh wait - that's already happened a dozen times in the last few years to the tune of a combined what .. billion dollars of loss? Can you imagine if the NYSE said .. oops .. lost $1,000,000,000 of stock certificates?

And i dont understand why people benefiting from strong central banking and government services would actively seek out to change the economy to something that undermines both.

But its fun and interesting i'll give it that .. but really not much more interesting as my daughter and mom talking about their Starbucks Coffee 'Starbucks' .. which is probably the original ecurrency.

The 'hacking' you are talking about, has not occured on a blockchain level but only on a level of exchanges and wallets being hacked. 

That's like saying fiat money is flawed because in the 50's thieves were able to rob banks.

Actually, fiat money was flawed in the 50's and prior and probably still now in ways but  governments literally around the world have invested billions of dollars in protecting the banking system including insurance on deposits, massive amounts of oversight, banking regulation, international money flow regulations, etc, etc.  this investment is worth it as the dependability of the systems  is literally what the free world economies are based on .. a general trust that your money is safe and that transactions are safe.  blockchain is interesting no doubt and if you love it i am not trying to change your mind.   to me,  who cares if blockchain is so fantastic if no one can secure wallet level software.

[chevyav53]

Jan 24, 2018 14:38:30 GMT 1 Sliding on the Walls said:

Trolley Hunters is SOLD

The FIRST BANKSY to be sold with Bitcoin on this forum, possibly in the world!

Congratulations to Sparky999

So did you sell the coin or still playing with fire?

Waiting for Trolley Hunters 2.0 with Crypto instead of shopping carts.  Put me down for one Banksy!

[Deleted]

No idea if this is relevant to this thread, the whole crypto currency confuses me




Lloyds Bank bans Bitcoin purchases on its credit cards - www.bbc.co.uk/news/business-42940728

[Winks]

f**ker about the green shield stamps. I’ve got books left over from 1988

[stelio]

BOTH BANKSY AND PEJAC ARE NOW PENDING.

---

Stik Avenue of the Immigrants 2017

Edition of 10.

Not as sure on current STIK market so taking offers. 




I also have access to some Dain and Bast originals for anyone looking. They are in the $10K-$15K USD range. Shoot me a message if you are interested. Serious inquires only please. 

Thanks for the time. Feel free to message me with any questions, concerns, comments and offers you may have.

Cheers

[peted]

S - What exactly is the Stik? A print? Book/magazine cover? Promotional poster?

[stelio]

Mar 19, 2018 17:04:07 GMT 1 peted said:

S - What exactly is the Stik? A print? Book/magazine cover? Promotional poster?

Print. Here is a link to thread of when it was released. 

urbanartassociation.com/thread/146078/stik-nyc-28th-29th?page=2

[matgab]

This Trolley looks very nice in that fram.
What was your price please ?

[stelio]

Still taking offers on Stik, Bast and Dain. Open to discussion and any sensible offer.

[Pistol]

Up for sale is my signed B&W trolleys, from ed of 150 released in 2007. Excellent condition, would say mint but I don’t like to use that term. Framed by MFM using Mylar strips (no tape) and museum glass. I was planning on keeping this but need some funds. I have added some photos prior to framing and added a newspaper to show the date the pics were taken. (Very recent).
i am based in Berkshire and looking for offers in excess of £25k. If you have any questions please DM me. Thanks 

[Ruggs]

Another great Banksy Pistol. GLWTS!

[Pistol]

Thanks mate.

[giuseppe57]

Never wanted to enter the Banksy game (being a late comer), but if I would decide to, I would start with this! Great print and nice forum member! all the best with the sale!

[rambo901]

How much for the metro? GLWTS

[Pistol]

May 13, 2018 10:29:49 GMT 1 rambo901 said:

How much for the metro? GLWTS

I’ll chuck it in 😉

[telecine]

GLWTS

One of my favourites!

[Pistol]

Thanks

[Pistol]

Now reduced to £23.5k, please DM me if interested. Thanks

[apprint]

Mint
Framed with COA and order confirmation from POw
Price £18k
I can’t add pics so send me and email and I will send you few pics

[RoboJ]

doh I paid 8 for mine. GLWS

[Chelsea Trader]

Well done, but I'm choked as I was too busy to make an offer!

[alinoe]

Good thing it sold that fast, I was about to go into a little bit of debt...