CryptoCurrency/Blockchain

Discussion in 'Gator Bytes' started by Potzer01, Jan 16, 2018.

  1. Potzer01

    Potzer01 Premium Member

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    Any other gators into the hardware? Software? Technology as a whole?

    I think Ethereum is legitimately good technology. Gobyte could be the new paypal if people decided they were going to do it.

    I don't think the Bitcoin technology is great, but I'm invested in their miners still. That will increasingly diminish..
  2. RealGatorFan

    RealGatorFan Premium Member

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    The issue with cryptocurrencies is the effect on graphic card prices. I bought my nvidia 1070 superclocked 3 years ago for $430 and today it is nearly $1,000. 3 year old technology should be half the cost by now, but because miners are buying up all the cards, sellers are jacking up the prices and have been doing that for over 2 years.

    Another example is the 1060 I bought my son in December for $275. It's listed for nearly $600 now. You look on Amazon and that cheap card is selling for hundreds more than the top of the line cards of 3 years ago. Forget a 1080 or 1080Ti. I figure if this goes on for another 12 months, the PC gaming market is forever dead. That's why I sold my nVidia stock last week because that's the highest it will ever go. Once game developers know people aren't upgrading or replacing their desktops with new desktops, they will only code for the console. If I had to choose between a $500 console and a $3,000 desktop, I'd choose the console. My upgrade path on the desktop is limited since the usual bang-for-the-buck video card upgrade isn't a viable option anymore.

    I really think VR is dead on the PC because only the 1070 and 1080s are able to render it effectively and they are too expensive. I am thinking of selling my $300 970 I bought 6 years ago for $600 on Ebay and save that money for the next great video card in the hopes they are more reasonable. But I don't think we will see new video cards this year because who will pay $1,500 or even $2,000 for a modest bump in FPS?
  3. enviroGator

    enviroGator Premium Member

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    I have just been started in getting interested. Was going to bypass Bitcoin and try and figure out an up and comer with some potential.
  4. Potzer01

    Potzer01 Premium Member

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    Ethereum will be the "leader currency" within 1 year. Its finally managing to get off of bitcoins coat tails also.
  5. Potzer01

    Potzer01 Premium Member

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    People have been claiming PC gaming is dead for 20 years. Given that the cards in question have been out, and cheap for almost 4 years I don't think this price spike is going to kill it this time. I think we'll see AMD/ATI finally catch up with nvidia and release a set of 10 series class cards, followed by an 11 series. What were actually seeing is finally the stall in the GPU power curve that CPU's have been at for 14 years.

    I'd posit that this latest craze for cards is a boon to the market. That it will cause a reinvestment in cards, which will push PC gaming, and usher in Generation 5 of the consoles.

    VR for pc is dead because the porn isn't good enough.
  6. Jae

    Jae Premium Member

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    The biggest wealth transference in history. Look to see bitcoin hit 40-50k followers by a massive correction, and possible hit 100k by the end of 2018.

    The federal reserve are scared shitless about the blockchain technology and have invested into blockstream as a way to beat crypocurrencies.

    Many many nerdy young guys will become millionaires this year all around you and you won't even have a clue they have wealth from just looking at them.
  7. danmann65

    danmann65 GC Hall of Fame

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    This is a joke. Bitcoin is falling to about a thousand now. There we will see if it has bottomed out or not. There may be value in blockchain but this is a giant bubble that is in the process of deflating.
  8. Jae

    Jae Premium Member

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    Welcome to THE most volatile market in history. Bitcoin has a history of 90% retracements, this recent one is a 70% retracement, in part due to wall street investors shorting futures contracts and scaring out weak hand amateur investors into panic selling their bitcoin. Pretty much, wall street is trying to scare the fuck out of the masses so they can buy cheap cheap crypto. This is the investment of a lifetime, and you're about to miss out on it. Just like the internet, electricity, phones; Cryptocurrency is in the adoption phase and soon the technology will be engrained into all sectors of society, and you wont realize how you even lived without it! SEC meeting today TLDR: Everything is a security. If you get hacked or scammed there is little the SEC can do as of now. Global regulations are in progress, which is good. Everybody is super bullish on crypto/blockchain tech. Come back and revisit this thread in April :)


    Also, the reason why the stocks took a hit the past couple days, people were more incentivized to sell their stocks to purchase up some cheap crypto :)
    Last edited: Feb 6, 2018
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