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  1. Hoi

    The same dweebs screaming Global Warming!!!!! are the worst offenders

    To put that CO2 in perspective: It equals "only" to 20.000 cars a year (driving 10000 km each) to get the whole years Bitcoin production (655k coins). I know for sure that the banking industry has many more than 20.000 employs driving in their car to work......... I don't say its good to...
  2. Hoi

    Bitcoin fork in November: Segwit2x

    It's called: Schizophrenia
  3. Hoi

    Bitcoin Set To CRASH On Monday!

    Sorry, but that guy Prince Bin Talal, recently accused Bitcoin from being a fraud (just like Jamie Demon). He is anti Bitcoin, and now he is himself accused of Laundering.... LOL ! Just the opposite of what YOU are implying.
  4. Hoi

    Not clear on the use of a hardware wallet.. ??

    Yes indeed: as I wrote it many times before: we are still in 1995 Internet times. Only a few (about 20 million around the world) are using it and no applications yet like Google, Amazon and Facebook. But the potential and the road is clear, as well as the gains for early adopters and VC's. Just...
  5. Hoi

    Not clear on the use of a hardware wallet.. ??

    No, you open an account on an exchange, wire fiat to it, buy coins, then Withdraw the coins to an receive-address generated by the hardware-wallet. No see answer above. That would be the future, but no not today. You send from your Hardware-wallet coins to a deposit-address on the exchange...
  6. Hoi

    Not clear on the use of a hardware wallet.. ??

    No! a wallet on your PC isn't fine at all. Especially if you have huge investments in coins. But you can use Electrum as PC software, if you like that, and connect your Trezor to that. Then Trezor will generate, monitor and safeguard all transactions while using your favorite Wallet-software...
  7. Hoi

    Not clear on the use of a hardware wallet.. ??

    That's nonsense. Trezor doesn't transfer the seed to their servers. Where do you have that from? Both hardware wallets: Ledger and Trezor are great and safe products, but I like Trezor more. They are very professional and on top of all current developments (had the first tools to Split BTC...
  8. Hoi

    BTC ATH tonight. over $7000/btc!

    No, the S2X fork doesn't solve scaling at all (even S1000X will not solve it). The only way and the best way is to build a second layer (Lightning network) on top of the first (Bitcoin-blockchain). This second layer is about to be released, and only needs Segwit (which we already have). And No...
  9. Hoi

    Fundamental value of Bitcoin

    A world without debt, working in "Austrian Economics" (instead of Keynes). That would be a nice experiment for a change.
  10. Hoi

    Bitcoin forks: Money for nothing, sex for free

    Of what I've read about what is happening right now in Japan: it's a hype among people and businesses. Much bigger than China or any country in the world. En bedankt voor de felicitaties :-)
  11. Hoi

    TIL: Fractional reserve banking is possible with cryptos

    OK, but the end result is still the same: only a Fraction is sound. Anyway: this should not be possible with Bitcoins. The amount is fixed. The only party which generates additional Bitcoins are the Miners. But as central Exchanges work off-blockchain they can in theory game/fraud the system...
  12. Hoi

    TIL: Fractional reserve banking is possible with cryptos

    Very different. It would be sound banking, if the Bank just used your paycheck and nothing more to lend it out for a fee. But they don't! It's Fractional reserve banking, if they multiply your paycheck amount 10 times (out of thin air), and lend that out for 10 times a fee. That's the very...
  13. Hoi

    TIL: Fractional reserve banking is possible with cryptos

    It's not Bitfinex itself, but the users who lend Bitcoin for a fee in USD (and take the risk). Just like how Brokers work if you want to Short a stock (Netflix). Some other client who has Netflix stocks can give them to the shortable-pool, and get a special interest for it (in USD, not in...
  14. Hoi

    Fundamental value of Bitcoin

    I'm not in the camp of "Bitcoin is a currency" (at least not for now). Yes you can use it to buy a cup of coffee... but seriously? that's not convenient at all. No! I'm in the camp of "Bitcoin is gold". That depends of how much Bitcoins you have. Is it substantial you SHOULD buy a Trezor or...
  15. Hoi

    TIL: Fractional reserve banking is possible with cryptos

    BS story. None of the crypto Exchanges run fractional reserve (many of the big ones even prove their reserves once every period). Otherwise an immediate bank-run will happen (just the same as MtGox). Just FUD.
  16. Hoi

    Fundamental value of Bitcoin

    Game changer: yes. But we are also just starting, like the Internet in 1995 wasn't very user-friendly as well. Until Decentralized-Exchanges (p2p) are common practice, you should be very careful with Centralized-exchanges: don't keep your crypto currencies longer on those than needed.
  17. Hoi

    Crypto Currency Observations...

    I strongly advice against leverage! Bitcoin is already volatile enough. And, I'm a Hodler since 2013. Bought in 2013/2014/2015, just as many friends who took the time to listen to me in 2015 when Bitcoin was trading at $200. Most of them will hodl until at least 2020.
  18. Hoi

    Crypto Currency Observations...

    That would be really great, as I know for sure that we will be much higher than the current $7000 in the year 2020. By the way: In 2013 I predicted this current $7000 here on ET. At that time Bitcoin was trading $120. The year 2020 is a special Bitcoin year (halving) which will give Bitcoin a...
  19. Hoi

    Crypto Currency Observations...

    Indeed, no one will be surprised! We love that, it's the way we know Bitcoin. I'm waiting for it eagerly (have some money on the side-lines).
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