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  Bitcoin Price: Vinny Lingham Warns Of “Another Bubble” Danger
Posted by: Carsten - 2017-02-28, 03:42 PM - Forum: Bitcoin and Altcoin - Replies (5)

Bitcoin entrepreneur and evangelist Vinny Lingham has warned any quick price rises could trigger “another bubble” in the virtual currency.
In a blog post on Monday, Lingham wrote that a bull run in the event of the first Bitcoin ETF getting approval could have longer-term detrimental effects than many envisage:

Quote:“I quickly realized there was bigger issue [than the ETFs] at play here — the upcoming potential for another Bitcoin bubble!”
As Bitcoin price currently hovers around $1200, Lingham believes the price already includes around $150 of optimism over the ETF successfully surviving March 11.
A positive decision would send Bitcoin price towards $2000 with a $1300 floor. However, growth may not stop there, and any further advances would reintroduce volatility and a bubble mentality, similar to what happened in 2013.
“I’m hoping this post serves as a warning to those who are welcoming another spike in Bitcoin. $1300 is a significant psychological price point,” he continued.
“This is the point that arguably no one who had previously bought coins during the last “bubble” is under water. Sure, some people may have taken some losses and sold the coins, but as a whole everyone who didn’t believe in Bitcoin now starts to believe again. Therein lies the danger.”
Lingham, meanwhile, has authored many posts on the future of Bitcoin and how to ensure its use is sustained and manageable, leading to decreased volatility and successful use cases.
During a price surge caused by Chinese trading in early January, Lingham tweeted that Bitcoin should become first a store of value, secondly proven as a digital commodity and only then adopted as a digital currency.
Quote:Phase 1 of Bitcoin (2008-2016) = Creating a Digital Commodity. Phase 2 = Proving it as a Store of Value. Phase 3 = Adopting it as a Currency
— Vinny Lingham (@VinnyLingham) January 4, 2017


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  Blockchain will change the world...nothing new in that
Posted by: Carsten - 2017-02-28, 09:00 AM - Forum: Uncategorized - Replies (14)

" Intermediaries like lawyers, brokers, and bankers might no longer be necessary. Individuals, organizations, machines, and algorithms would freely transact and interact with one another with little friction. This is the immense potential of blockchain."

"One of the most ambitious substitute blockchain applications is Stellar, a nonprofit that aims to bring affordable financial services, including banking, micropayments, and remittances, to people who’ve never had access to them. Stellar offers its own virtual currency, lumens, and also allows users to retain on its system a range of assets, including other currencies, telephone minutes, and data credits. Stellar initially focused on Africa, particularly Nigeria, the largest economy there."

"No matter what the context, there’s a strong possibility that blockchain will affect your business. The very big question is when."

This is the source: https://hbr.org/2017/01/the-truth-about-blockchain

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  LEOCoin is doubling it's value in a few weeks.
Posted by: Carsten - 2017-02-25, 11:37 AM - Forum: Bitcoin and Altcoin - Replies (7)

Seems like the green coin #LEOCoin seems to be on a rise:

[Image: C5gE9YzWMAADP3P.jpg]

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  Facebook account attempt hacked!
Posted by: Carsten - 2017-02-24, 09:02 PM - Forum: General discussion - Replies (10)

Nice try whoever tried to hack my Facebook account and my gmail account.

I don't accuse anyone....but someone find me interesting enough to give it a try. Lol...I'm honored.

Is there anyone who wants to come forward? 

I don't think it's anyone from within here.....but someone from out there..

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Question Rimbit starting to move up....
Posted by: Carsten - 2017-02-24, 10:30 AM - Forum: General discussion - Replies (14)

  1. [Image: 95.jpg?1452542626] Wednesday at 3:46 PM - NickP
    Rimbit starting to move up on the exchanges. Its been a bit frustrating but slowly moving interest. on yobit

Is NickP fake or real?

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  Bitcoin Dark Web in the news again
Posted by: BobBobert - 2017-02-23, 01:17 PM - Forum: General discussion - Replies (3)


The story is about the evolution of internet crime, nothing that most of us did not know before probably.  Again bitcoin comes in for a slagging.  There is no way to control who uses your coin or how they use it.  I was thinking we could use our coin as an "anti-BTC" but I cannot see how to prevent illegal use.

A friend had an awful incident last week, where they clicked on a spam email from "iTunes" - the screen that came up was a google search for kiddie porn.  Another friend advised them to keep the offending email in case anything ever happened.

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  A warning from Bill Gates, Elon Musk, and Stephen Hawking
Posted by: Carsten - 2017-02-21, 08:43 AM - Forum: Uncategorized - Replies (2)

A bit scary and exciting at the same time. 

“The automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining.” — Stephen Hawking

“What to do about mass unemployment? This is going to be a massive social challenge. There will be fewer and fewer jobs that a robot cannot do better [than a human]. These are not things that I wish will happen. These are simply things that I think probably will happen.” — Elon Musk

“You cross the threshold of job-replacement of certain activities all sort of at once. So, you know, warehouse work, driving, room cleanup, there’s quite a few things that are meaningful job categories that, certainly in the next 20 years [will go away].” — Bill Gates

[Image: 1*gPwjFMBZOm1zOS0PlPfevw.jpeg]


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  Some Fantastic Kids in Canada
Posted by: Carsten - 2017-02-20, 08:27 AM - Forum: Rimbit Talk - Replies (23)

"Some Fantastic Kids in Canada" is the headline from a new post from Marcelo Karlsson. Hardly anyone can disagree with him in his latest post, but since we have been victims of scam and theft of our money it's hard to believe that the post serves no other purpose than appeal to the receivers good heart and make them think that Marcello has been reborn and become good and honest again so they will stop thinking as Rimbit as dead. The post is here with the usual spelling errors and some new ones.... make your own judgement and comment here if you like.

Some Fantastic Kids in Canada

For over a year, I have been in contact with a Youth Center in Canada and in particular a Rimbit member named Brian, who helps run the center.

Its communities like this that interest me a great deal and as much as I want to do more, i really cant, but up till the Burn, I will do more in terms of donating Rimbit to the Youth Group and if things change, possibly other items of donation.

Maybe they can form a company, maybe they can form and action group... it doesnt matter as Rimbit is aimed directly at the people, and it only takes some clever thinking and some positive direction to make something fantastic for theor community, group or themselves.

This is what Rimbit is about... has always been about and thanks to all the supporting members of Rimbit for helping to create a community coin that is touching people in ways we cannot imagine!

Great Job Kids - You have done an amazing video Smile"

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Big Grin Science: CEOs Are Such Bullshit
Posted by: Carsten - 2017-02-18, 03:38 PM - Forum: Uncategorized - Replies (1)

Lol....this is hilarious..

"“CEO” is a term for someone who is paid more money than you because they are able to project a large degree of confidence about their wrong ideas. Don’t take my word for it—it’s science!

[Image: qiprk2d7kscx6y5ukpby.jpg]
The Myth of the CEO
Mary Barra, the CEO of GM, spent yesterday being grilled by Congress for her company's…Read more on gawker.com

The duties of CEOs vary somewhat from company to company, but they all have a few things in common:

  • They are paid an astounding sum of money, relative to the people who do the actual “work.”

  • They justify their salary by taking credit for everything that goes right and blaming everything that goes wrong on rogue employees or uncontrollable “market forces.” And,

  • They are okay to look at.
The third point is very important. CEOs need not have model looks, but they do need to have a reassuring look, like airline pilots. When you watch a CEO speak, you must think to yourself, “This middle-aged white male has everything under control.” Whether or not that is in fact the case is a minor, secondary point. There are underlings for that.

Want some science? Here is the science: via the WSJ, a new study published in Management Science, your favorite magazine, shows that blind testing reveals that real life CEOs just have that look—the look that matters. Bolding ours:

Quote: Wrote:Our experiments, studying the facial traits of CEOs using nearly 2,000 subjects, link facial characteristics to both CEO compensation and performance. In one experiment, we use pairs of photographs and find that subjects rate CEO faces as appearing more “competent” than non-CEO faces. Another experiment matches CEOs from large firms against CEOs from smaller firms and finds large-firm CEOs look more competent. In a third experiment, subjects numerically score the facial traits of CEOs. We find competent looks are priced into CEO compensation, more so than attractiveness. Our evidence suggests this premium has a behavioral origin. First, we find no evidence that the premium is associated with superior performance. Second, we separately analyze inside and outside CEO hires and find that the competence compensation premium is driven by outside hires—the situation where first impressions are likely to be more important.

So if you look goofy, uninspiring, otherwise different from someone who might be afforded a starring role in a “Just For Men” commercial, you may not have what it takes to be a CEO. Sorry.

A CEO job is welfare for dudes with salt-and-pepper hair."


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  Tesla stock...
Posted by: Carsten - 2017-02-16, 12:47 PM - Forum: Uncategorized - Replies (7)

I think he is right....I bought Tesla to support the electric car:

Billionaire Ron Baron expects mind-boggling returns from Elon Musk-led Tesla

[Image: 104025060-GettyImages-492682170.1910x1000_original.jpg]

[color=rgba(0, 0, 0, 0.870588)]Ron Baron, famous for buying and holding stocks for a long time, sees big things from Telsa through the next 13 years. "I think that in 2020 we're going to make from present prices about four times our money," the billionaire founder of Baron Capital told CNBC's "Squawk Box" on Wednesday. "I think in 2025 we can make another triple, and in 2030 it can be another triple." The 73-year-old Baron explained how he amassed a stake in Elon Musk-led Telsa worth about $300 million. "We have brought shares of Tesla, about 1.6 million shares over a 3½-year period of time. Our average cost is about $208 a share." Shares of Tesla closed at $280.98 per share on Tuesday. While painting a long-term bullish scenario,[/color]

[color=rgba(0, 0, 0, 0.870588)]http://finance.yahoo.com/m/578f1648-7836...pects.html[/color]

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