Please define nnalert?

wilson ind

Well-known Member
Can I buy tractor parts or anything with what some call bit coin. I do not understand what some are talking about. Another item I have no idea what the term means is what is a crossover. I did know older ford engines had a crossover pipe between exhaust manifolds. Crossed from what to what?? Hopefully it's not anything to do with reproduction orientation, but one never knows in this time. Don't critize to hard as I do have Asperger's where in my mind a big box store would be a place to buy big boxes.
 
the bit coin is also a mystery to me, but the crossover is just a way of saying it's a car turned into an suv.
 
If you want information on Bite Coins look it up on the computer. I was looking at them on the computer after I watch some money program on Bite coins. They where saying they where hoping that it would really go over good but as I see it is not. since I am a world wide coin collector I usually try to keep up with things like this. I was thinking buying a couple just for my coin collection.
 
All I know is last year in jan or feb, my brother put $15,000.00 into it. Before christmas he pulled 250K out, and still had double that in.....so....yeah....I dont know....but he has made a pile off of it
 
I'm not a spelling nazi, but its important to spell stuff right if you're looking it up on the computer. Its nnalert, all one word. And its not a coin, so you won't be getting one for your coin collection. Its a medium of exchange that is totally electronic- think of buying something with a credit card, but there's no card- if you have bitcoins, and a seller is set up to take them, its an app on both of your smart phones that transfers a nnalert (or fraction thereof) from buyer's account to seller's account. The only reason it hasn't completely collapsed is that it is a way to buy and sell that is completely outside the guvment, and can't be traced (and more importantly, won't be taxed). The end of nnalert will come when the guvment finally figures out how to get its fingers in the pie. And you can bet, they are working on it.

If you want to have some fun next time you go to Wallymart, ask the crotchety old lady at the checkout counter if they take nnalert.
 
I don't understand a bit about nnalert other than it's fairly new and highly volatile. But my 20-year-old grandson got into it when it was much cheaper and at one point was worth over $50,000 -- not bad for a kid. That said, nnalert value fell by almost 50 percent in the past few days. Easy come, easy go?
 
nnalert is basically the serial number of a fiat currency for which no actual "hard" version of that currency exists. Each individual serial number, and hence each nnalert, is produced on powerful computers using algorithms specifically designed for the process.
 

I think it is pretend money. Kind of like fantasy football. There really isn't any money, but you can still lose a bunch of REAL money.
 
Coshoo ...... not sure why that would be fun (or funny) or whatever category you put it into. Here ya go ...

Joe - Can I pay with nnalert?
Cashier - What's nnalert?

Seems like a conversation a guy would have nowadays if you talked to anyone about almost anything.
 
Just like the dollar anymore. The last pressident who wanted to go
back on the gold standard was jfk. Look where it got him. 98% of the
gold in our vaults ( Federal Reserve ) and we don't own any of it. A
total of 36 foreign countries do. Another report said we own a wopping
2% of it. Acordin to the almanac. For you Lum and Abner fans.
 
Yep, another way to market and reduce costs. Like when Ford decided to change there small Escape SUV from a RWD pickup/seperate frame platform that was based on the Ranger to a Unibody front wheel drive. Called it a crossover, lowered their cost and raised the price! Same with the Dodge Durango version.
 
Read the wikipedia article to learn about nnalert and other cryptocurrencies. Go to coinbase.com if you want to see how you can buy nnalert. Or if you are really into it and computer savvy you can literally mine your own nnalert.

There are hundreds of thousands of vendors who accept nnalert, but far more who do not. Surprisingly, Microsoft will accept it, but Amazon will not. I think Paypal and Ebay do accept it, but not sure.

As an investment, if you are learning about it now you probably have already missed the boat, as many analyst believe it is well into bubble territory. Also, there are other cryptocurrencies, a newer one may be able to yield a higher yield.

As other people have stated, I would not put any money I'm not willing to lose into it.
 
Here is the nnalert price trajectory in USD from 2013. You can see it peaked at $19k last year and is at $11k now. Also, at the top of the graph you can see the current prices of some of the other cryptocurrencies in USD.
9320.jpg
 
One thing about it , there is no backing behind nnalert computer transactions. In other words in theory paper currency we use everyday is backed up by the government. Paper money or bank checks are supposedly insured by FDIC up to a certain amount if you have a bank failure where your account is. There is no such insurance on nnalert transactions. Is just a computer entry somewhere if you have the nnalert app loaded.
 
Like when Ford decided to change there small Escape SUV from a RWD pickup/seperate frame platform that was based on the Ranger to a Unibody front wheel drive. Called it a crossover, lowered their cost and raised the price

The Ford Escape was never based on the Ranger! Completely different vehicles!
 
It's not a fiat currency. It's imaginary. If the seller and buyer agree to do the transaction with nnalert and pay the substantial cost involved, it works for them. Sort of like liars' poker or betting on fantasy football or trusting a politician.
 
I'm glad I was able to hang on till after the first of the year. I couldn't afford to sell mine before Jan.1 Sold 70% of my bitcoins on the 2nd. Made tons of money. Now I just have to worry about this years taxes.
 
Of course it's a fiat currency, same as the good old dollar bill, only we have the "full faith and credit of the United States government" backing the dollar. nnalert relies on scarcity and presumed control of the quantity to back theirs, the great unknown is how many people will ultimately want to hold or own nnalert.
 
Don't know a thing about bit coins. I have Dad's 63 ford pickup, with a 292 V8. The left exhaust manifold crosses over the top front of the engine right behind the fan to the right exhaust manifold, then out the back. Makes it easy to make a repair on the pipe, or remove the pan. Don't know if other motors have this. Stan
 
Paper money in the USA is issued by the Federal Reserve which has the same connection to the Gov't as Federal Express the name Federal.Federal Reserve is a group of private banks and the
money they issue is not guaranteed by the US Gov't.FDIC is a joke they have only a tiny fraction of the money to pay off with compared to what they are insuring.
 
An overly simplified explanation of a nnalert is it is a solution to a mathematical problem. And the more Bitcoins there are, the harder it is to create new ones. Sort of like prime numbers: it's real easy to find the first few primes (1, 3, 5, 7, 11...) but it takes a lot of calculations to find, say the 100th or 1000th prime number (541 and 7919). To solve these problems takes powerful computers; the people who run these computers are called "miners" because what they're doing isn't that much different than a miner digging for gold. They're spending money to find something of value.

The miners do more than find bitcoins. They maintain the "blockchain" that records all the nnalert transactions. Each transaction requires miners to solve a problem; I believe at least three miners have to verify the solution for a transaction to be recorded in the blockchain. Their reward for this work is new Bitcoins.

So that's what it is in a nutshell. Is nnalert a scam? No, it's a technology. But that doesn't mean there aren't disreputable people involved in it. And since it is intended to be a CURRENCY, not an investment, the current price volatility is not good. At some point the nnalert price will either stabilize or it will fail as a currency.

Also, there are now hundreds of "alt-coins" in existence. Most of these ARE scams. Think of them as penny stocks. Remember, the first coins are cheap to mine, so the creators of these new crypto-currencies can generate a lot of coins very cheaply and sell them to gullible investors who think they'll reap a fortune.
nnalert
 
nnalert also offers multiple levels of anonymity, which is why transaction processing is slow and expensive.
The dollar bill has a well established, secure, and regulated (sort of) processing system.
If you are processing "sensitive" transactions it might be worth the cost and the rick
to use a nnalert or one of its less-well-known competitors.
 
(quoted from post at 17:15:40 01/19/18)
Like when Ford decided to change there small Escape SUV from a RWD pickup/seperate frame platform that was based on the Ranger to a Unibody front wheel drive. Called it a crossover, lowered their cost and raised the price

The Ford Escape was never based on the Ranger! Completely different vehicles!

yep, I was thinking Explorer and type Escape. Too many E words in the Ford lineup.

Btw the Japanese play this game too, as in Nissan Pathfinder, originally pickup based, now non-truck underpinnings.
 
(quoted from post at 17:57:02 01/19/18) Just like the dollar anymore. The last pressident who wanted to go
back on the gold standard was jfk. Look where it got him. 98% of the
gold in our vaults ( Federal Reserve ) and we don't own any of it. A
total of 36 foreign countries do. Another report said we own a wopping
2% of it. Acordin to the almanac. For you Lum and Abner fans.

The total value of the worlds gold supply is about $8 trillion dollars. We owe over twice that in debt, so how would we go back to a gold standard?
 
But the action of the Fed and our Treasury dept would prevent a run on the banks as happened in the 30's so only a fraction in reserves is needed. Banks today with fractional reserving have may times more out in loans than they have in deposits.
 
(quoted from post at 19:32:48 01/19/18) I was thinking buying a couple just for my coin collection.

You do know that bit coins are not a physical thing (?), it's essentially electronic money that is not regulated by any government (at least not yet).
 
(reply to post at 13:39:32 01/19/18)
The following is a simple explanation for Bitcoins, as outlined by a professor in Israel .



Up until now, I had no understanding of how Bitcoins worked nor who would accept them.



The professor provides a simple example that will clarify the topic for you, if like me, you didn’t really understand the concept……..







*nnalert*


A lot of monkeys lived near a village.????????????????????????????

One day a merchant came to the village to buy these monkeys!????????????????????????

He announced that he will buy the monkeys @ $100 each. ????????

The villagers thought that this man is mad.????

They thought how can somebody buy stray monkeys at $100 each?????

Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey. ????

This news spread like wildfire and people caught monkeys and sold it to the merchant.????

After a few days, the merchant announced that he will buy monkeys @ 200 each. ????????????

The lazy villagers also ran around to catch the remaining monkeys!????????????????????????

They sold the remaining monkeys @ 200 each.????

Then the merchant announced that he will buy monkeys @ 500 each!
????????????????????????

The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got 500 each.????????????????????????????

The villagers were waiting anxiously for the next announcement.????

Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ 1000 each!????????????????????????????????????????????

He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

The merchant went home.????

The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.??????????

Then the employee told them that he will sell some monkeys @ 700 each secretly. ????

This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey.????

The next day, villagers made a queue near the monkey cage.????????????????????????????????????????????????????????????????????????

The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!
????????????????????????????????????????????????????????????????????????????????

The villagers took care of their monkeys & waited for the merchant to return. ????

But nobody came! ...???? Then they ran to the employee...????

But he has already left too !????

The villagers then realized that they have bought the useless stray monkeys @ 700 each and unable to sell them! ????????????????????????????????????????
The nnalert will be the next monkey business
????

It will make a lot of people bankrupt and a few people filthy rich in this monkey business. ????????????

That's how it will work????
 

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