Go Back   The 75 and ZT Owners Club Forums > Social Forums > Social Forum
Register FAQ Image Gallery Members List Calendar Mark Forums Read
Notices

Reply
 
Thread Tools Display Modes
Old 24th January 2014, 14:34   #1
MikeHurley
Gets stuck in
 
MikeHurley's Avatar
 
Rover 75 Saloon 2.5 V6

Join Date: Sep 2007
Location: London
Posts: 659
Thanks: 129
Thanked 26 Times in 24 Posts
Default BITCOINs

Hi,

Is anyone else following this? Its fascinating and after 2 months of research I am convinced its here to stay. Couple of interesting recent online articles to help explain to those who would like the whole BTC thing explained......


BBC Article
http://www.bbc.co.uk/news/business-25809011

Russian Article
This is interesting especially in light of the responses from readers of the article:
http://rt.com/usa/chase-ceo-bitcoin-...-downfall-100/

Australian Article
http://www.theage.com.au/business/di...124-31dt3.html

Yahoo Finance Article
http://finance.yahoo.com/blogs/talki...141729681.html

Any traders on the site using or accepting BTC?
__________________
To do list:
Aux Drive Belt ....... Sept 2017
Kaiser Alumium Stat Housing ....Jan 2017
Rear o/s wheel bearing set changed.....Aug 2014
Cam & Aux Belts...May 2014
Tazu Inner tie rod ends...May 2014
Need Timing Belts changed...done April 2014
Front Shocks and Strut Bearings ....done Mar 2014
Polybushes to Wishbone Arms.....done Mar 2014
Handbrake compensator changed...done Oct 2013
Exhaust Back Box a.......done 16/8/13
Quality Front Drop Links...done 16/8/13
Rear Springs ..done 16/8/13
MikeHurley is offline   Reply With Quote
Old 24th January 2014, 14:48   #2
wraymond
I will find or make a way
 
wraymond's Avatar
 
75 Auto 2.5 SE

Join Date: Feb 2010
Location: Westcliff on Sea
Posts: 5,168
Thanks: 423
Thanked 1,680 Times in 1,014 Posts
Default

Can't help thinking it's the digital age answer to pyramid selling but there is no tangible asset to exchange other than the perceived value of the 'currency' itself. Therefore nothing on which to base a value judgement.
__________________
member no. 235
wraymond is offline   Reply With Quote
Old 24th January 2014, 15:59   #3
Tatts
This is my second home
 
MG6 TL

Join Date: Nov 2006
Location: Tarn
Posts: 5,269
Thanks: 2
Thanked 46 Times in 37 Posts
Default

No, I'm not following this Bitcoin saga!

There's another internet currency called 'Ripples' thats making a splash (no pun intended!) in the World Community Grid that I'm a member of.
Tatts is offline   Reply With Quote
Old 24th January 2014, 17:13   #4
MikeHurley
Gets stuck in
 
MikeHurley's Avatar
 
Rover 75 Saloon 2.5 V6

Join Date: Sep 2007
Location: London
Posts: 659
Thanks: 129
Thanked 26 Times in 24 Posts
Default

Found this which seems to list all Cryptos but not Ripple

http://www.cryptocoincharts.info/v2/coins/info

Will be reading the following to understand Ripple's difference

https://ripple.com


http://en.wikipedia.org/wiki/Ripple_...editworthiness
http://letstalkbitcoin.com/the-rippl.../#.UuKX7tJFDMw

All makes for interesting times.
At least they cant falsely create additional units of currency in times of financial crisis, ie "Quantitative Easing" in order to keep the Wall Street Parties and Bonuses continuing at the expense of taxpayers through their Govts bailing out the merchant banks.

These new currencies are now gaining value in that they are being accepted as means of payments by both large and small retailers. Like Gold you cant create more than what exists, instead of printing cash on the basis of pretending there is more Gold there to the valve of new printed cash!
__________________
To do list:
Aux Drive Belt ....... Sept 2017
Kaiser Alumium Stat Housing ....Jan 2017
Rear o/s wheel bearing set changed.....Aug 2014
Cam & Aux Belts...May 2014
Tazu Inner tie rod ends...May 2014
Need Timing Belts changed...done April 2014
Front Shocks and Strut Bearings ....done Mar 2014
Polybushes to Wishbone Arms.....done Mar 2014
Handbrake compensator changed...done Oct 2013
Exhaust Back Box a.......done 16/8/13
Quality Front Drop Links...done 16/8/13
Rear Springs ..done 16/8/13
MikeHurley is offline   Reply With Quote
Old 24th January 2014, 19:35   #5
Greeners
Moderator
 
Greeners's Avatar
 
MG-ZTT

Join Date: Mar 2007
Location: Ware, Herts
Posts: 19,798
Thanks: 161
Thanked 1,249 Times in 1,036 Posts
Default

feel sorry for the poor bloke that threw his hard drive away with million on....

http://www.bbc.co.uk/news/uk-wales-s...wales-25134289
Greeners is offline   Reply With Quote
Old 24th January 2014, 20:11   #6
rich17865
This is my second home
 
rich17865's Avatar
 
Transit Connect

Join Date: Feb 2011
Location: Crewe
Posts: 9,532
Thanks: 868
Thanked 1,619 Times in 1,095 Posts
Default

My dad has 2 Bitcoins, I pointed out he was wasting my inheritance and if he continued I would get him sectioned.
rich17865 is offline   Reply With Quote
Old 24th January 2014, 20:21   #7
Avulon
This is my second home
 
1.8t Tourer

Join Date: Oct 2011
Location: Tanelorn
Posts: 4,830
Thanks: 956
Thanked 1,148 Times in 916 Posts
Default

Quote:
Originally Posted by wraymond View Post
Can't help thinking it's the digital age answer to pyramid selling but there is no tangible asset to exchange other than the perceived value of the 'currency' itself. Therefore nothing on which to base a value judgement.
No different to the £ GBP and many other currencies then. The £ hasn't been based on gold standard for getting on for a century.
__________________
Need a T4 ?: T4 Owners Map thanks to Stevestrat ( use at your own risk)

Where?:
https://en.wikipedia.org/wiki/Tanelorn
Mods/Retrofits:

PCV vortex 'filter'; bluetooth; inline thermostat; reversing sensors; plenum spyhole ; headlamp washers ; Diy mp3 player replacing CD multichanger; FBH with remote; Headlamp washers; black/chrome front grille, rear blind; Xenon projectors
To do:
puddle lights; 2 Din cd/nav to fit; boot release button
Avulon is offline   Reply With Quote
Old 24th January 2014, 21:09   #8
mark_bonsai
I really should get out more.......
 
Rover 75 CDT Saloon

Join Date: Sep 2008
Location: Lancaster
Posts: 2,219
Thanks: 24
Thanked 39 Times in 39 Posts
Default

Or this guy

http://www.forbes.com/sites/ericmack...million-today/
__________________
Re-mapped. EGR bypass. De-catted. 18" Apex's. ZT190 brakes & suspension. Xenon projectors. Powerfold bullets. Electric rear sun blind. Auto dipping rear view mirror. Wood and leather steering wheel. Wood handbrake handle. Full leather sports seats. Harman Kardon speakers & sub. Navall 2 double din through 500w Kenwood amp. Fully chromed front grill.
mark_bonsai is offline   Reply With Quote
Old 24th January 2014, 22:29   #9
MikeHurley
Gets stuck in
 
MikeHurley's Avatar
 
Rover 75 Saloon 2.5 V6

Join Date: Sep 2007
Location: London
Posts: 659
Thanks: 129
Thanked 26 Times in 24 Posts
Default

Quote:
Originally Posted by rich17865 View Post
My dad has 2 Bitcoins, I pointed out he was wasting my inheritance and if he continued I would get him sectioned.
Its his 2 BTCs he'll leave you to buy another 75 or ZT if your current one ever becomes uneconomic to repair !!!😂
__________________
To do list:
Aux Drive Belt ....... Sept 2017
Kaiser Alumium Stat Housing ....Jan 2017
Rear o/s wheel bearing set changed.....Aug 2014
Cam & Aux Belts...May 2014
Tazu Inner tie rod ends...May 2014
Need Timing Belts changed...done April 2014
Front Shocks and Strut Bearings ....done Mar 2014
Polybushes to Wishbone Arms.....done Mar 2014
Handbrake compensator changed...done Oct 2013
Exhaust Back Box a.......done 16/8/13
Quality Front Drop Links...done 16/8/13
Rear Springs ..done 16/8/13
MikeHurley is offline   Reply With Quote
Old 25th January 2014, 20:53   #10
wraymond
I will find or make a way
 
wraymond's Avatar
 
75 Auto 2.5 SE

Join Date: Feb 2010
Location: Westcliff on Sea
Posts: 5,168
Thanks: 423
Thanked 1,680 Times in 1,014 Posts
Default

Quote:
Originally Posted by Avulon View Post
No different to the £ GBP and many other currencies then. The £ hasn't been based on gold standard for getting on for a century.

Aren't national currencies backed up with things like "promise to pay the bearer" and government bonds like Gilts etc? Whereas bits are not?
__________________
member no. 235
wraymond is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 20:48.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright © 2006-2023, The Rover 75 & MG ZT Owners Club Ltd