Activity – Sunny & Max – The Giza Forum (Legacy)

Sunny & Max posted an update 5 years ago

Bitcoin price drops after Turkey bans cryptocurrency payments

The price of bitcoin (BTC-USD) descended from record highs on Friday following a decision by Turkey’s central bank to ban cryptocurrencies for payments.
The Central Bank of the Republic of Turkey (CBRT) said the use of cryptocurrencies and other crypto assets based on distributed ledger technology would be prohibited as a payment, whether directly or indirectly.

( https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/bitcoin-price-turkey-cryptocurrency-ban-coinbase-ethereum-075916004.html )

Good afternoon to everyone at the Giza family.
- PiPoe replied 5 years ago
  Does anyone know anything about XRP? I’m hearing it may be ‘released’ from regulatory jail soon and could be a better ‘short term’ option than bitcoin.
  - Peter replied 5 years ago
    XRP is a centralized mess. Evaluating blockchain assets means measuring decentralization, distribution AND encryption. ONLY digital assets that are decentralized, distributed, encrypted have value. Regardless of their pump and dump USD ‘excahnge rate’ as reported by centralized exchanges.
    - PiPoe replied 5 years ago
      
      Thank you Peter. I’m not very informed about the various cryptocurrencies – which ones are decentralized, distributed, and encrypted?
      
      Peter replied 5 years ago
      
      I am loathe to make recommendations and appear as some carpetbagger crypto punk. You should focus on open source projects; how many active devs (how do the devs get paid? some LLC garbage can of LLC money?) push/pull requests, code reviews, hash power, installed nodes across the network. They will attempt to drive us to a chain they control. That’s why they are so frightened and desperate. The XRP mess is a staged regulatory dog and pony exclusive.
      
      PiPoe replied 5 years ago
      
      Yes I’m aware that cryptos are part of the scheme. Perhaps RiceCrypto or DollarVigillante would be useful sources though if memory serves me correctly, they both like bitcoin.
      
      Peter replied 5 years ago
      
      Bitcoin is the first mover powerhouse but is NOT fungible due to its transparent blockchain. I hope shared accountability is something we can navigate, but I fear there are too many morons in face masks, accepting the narrative of forced depopulation. We are well on the way to mad max COG nightmare.
      
      Peter replied 4 years, 12 months ago
      
      blue horseshoe loves XMR Monero
      
      PiPoe replied 4 years, 12 months ago
      
      Yes, Monero and Pirate Chain seem to be getting some interest from the fringe.
      In case you are wondering about the source of my interest, I have a wee bit of bitcoin that I want to exchange for something else (I don’t want to hold bitcoin any longer for a variety of reasons and selling it creates a tax situation).
  - Peter replied 5 years ago
    XRP is a centralized mess. Evaluating blockchain assets means measuring decentralization, distribution AND encryption. ONLY digital assets that are decentralized, distributed, encrypted have value. Regardless of their pump and dump USD ‘excahnge rate’ as reported by centralized exchanges.