sportjunkie07

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About sportjunkie07

  • Rank
    The Dirtbags
  • Birthday 07/18/1985

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  • Redskins Fan Since
    birth
  • Favorite Redskin
    # 28
  • Location
    Galveston, TX

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  1. sportjunkie07

    BitCoin falling like a Dotcom

    Yeah that's why I edited the post.. and also because I'm not here to mock professionals in their respective fields.. even though I disagree with nearly all of them.
  2. sportjunkie07

    BitCoin falling like a Dotcom

    Always. I believe that it has value. Though it is true that its dollar value mainly rises on hype, unlike tulips, its underlying value will allow it to be here in the future.
  3. sportjunkie07

    BitCoin falling like a Dotcom

    If you are going to trade a market that fluctuates as wildly as crypto currency, it only makes sense that you could potentially lose heavily, especially if you know nothing about the market.
  4. sportjunkie07

    BitCoin falling like a Dotcom

    Yeah I don't know for sure either. I just think we're at an early enough stage where technological advances in the crpytocurrency realm could eleviate current problems in a short time frame. I see the history of the Internet as a decent comparison.
  5. sportjunkie07

    BitCoin falling like a Dotcom

    I want to point out that I wasn't referring to you btw. Just something i noticed a lot in the ES threads and on media. I could care less if people are ignorant in this regard as it allows me more time to accumulate. TechnologicaI advances might be able to solve the scalability problem, making it usable as an everyday currency. I don't see supply cap as an issue but I haven't thought about it much. I always figured with, let's say, 16 million BTC in circulation in the future, with each one divisable to a satoshi.. I figure that would be enough. We could also move on from BTC in order to solve those problems. I still see BTC as a store of value though. The only problem with moving on to cardano.. or something else, is that those crpytocurrencies are not nearly as well proven as bitcoin.
  6. sportjunkie07

    BitCoin falling like a Dotcom

    Well quantum computing is potentially the biggest flaw. What I find kind of funny is that they are so many people that lack a base understanding of cryptocurrency.. then try to pass off their understanding to others. One can have an understanding of finance or economics, and have no idea what he is talking about in the crypto realm. Happens with regularity on the news networks, finance channels, and apparently on ES as well.
  7. sportjunkie07

    BitCoin falling like a Dotcom

    Life will go on, even with a financial collapse and a worldwide economic depression. I suspect the collapse will be gradual until there is a triggering event. The public moved from cash to mostly plastic in my lifetime. We've got venmo, paypal, and apple pay right now. Facebook is coming out with their own cryptocurrency (not really a cryptocurrency but whatever). The public is being conditioned for a change and the current system is unsustainable.
  8. sportjunkie07

    BitCoin falling like a Dotcom

    Both, I would suspect. You can use bitcoin for nefarious activity but it can be tracked. It is just difficult to track. You are better off using cash or crypto currencies other than bitcoin for true privacy.
  9. sportjunkie07

    BitCoin falling like a Dotcom

    It will be much more stable when it is more trusted and has a larger market cap. Our current system will fail. It is unsustainable. It will probably happen in our lifetimes and yes, it will probably suck.
  10. sportjunkie07

    BitCoin falling like a Dotcom

    It's definitely the way of the future. Blockchain in and of itself is really nothing special. It's a buzzword that is tossed around. Bitcoin is a long term store of value. Global debt continues to increase, new money is being printed worldwide, further decreasing the value of fiat. The chickens will come to roost. Bitcoin is going to look very attractive then.
  11. Yeah I saw that. Still though. 10 million dollars to the family? What kind of donut shop are they running.
  12. 44 million dollars.. what kind of idiot thought that was a good amount.
  13. Completely different offensive scheme.
  14. sportjunkie07

    Press Release: #REDSKINS QUOTES - Gruden

    Perine will lead the team in rushing this year. Guice will get hurt immediately again and Peterson will do decent but face nagging injuries throughout the season. But seriously.. good to hear gruden say that both perine and sdh have significantly improved.