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Title: The One Thing Bitcoin Has Taught Me ... Post by: zamazama on November 11, 2013, 08:07:10 PM is never ever pre-order shit!
[reply with yours] Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: beetcoin on November 11, 2013, 08:15:28 PM never listen to what other people say, at least before vetting for yourself. there is always a bear for every bull, so how would you make your decisions when you are hearing valid points from both sides?
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: rayfloyd on November 11, 2013, 08:17:06 PM It always go back up at some point. Selling now may mean missing an oppotunity.
I sold my very first BTC at 70$ thinking it was pretty good, about what a week later? We hit the 200$ mark. That is when I relaized the true potential of the BTC Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: DeathAndTaxes on November 11, 2013, 08:17:26 PM ... if you don't have the private key you don't have any Bitcoins (ask the users of Input.io, Bitcoinica, bitfloor, instawallet, etc, etc, etc).
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: zamazama on November 11, 2013, 08:23:38 PM ... if you don't have the private key you don't have any Bitcoins (ask the users of Input.io, Bitcoinica, bitfloor, instawallet, etc, etc, etc). too true Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: fluidjax on November 11, 2013, 09:15:43 PM Get in before everyone else, get out before everyone else.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: AgeraS on November 11, 2013, 09:19:33 PM Never trust anyone online period, no exceptions.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Dabs on November 11, 2013, 09:22:34 PM Provably Fair?
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Lucky Cris on November 11, 2013, 09:27:25 PM Gamble in moderation... or don't gamble at all.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: phillipsjk on November 11, 2013, 09:31:43 PM It it possible to have money without government intervention.
As a socialist, I always found it amusing that the neo-conservatives claim that The "free market" can be used to reduce government intervention. The "free market" does not exist without government intervention. Money is one piece of the puzzle. The court system/dispute resolution is another. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Ruzka on November 12, 2013, 06:35:42 AM Don't gamble. But gamble anyways.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Trade101 on November 12, 2013, 08:53:18 AM Be an early-adopter.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: WilderedB on November 12, 2013, 08:54:42 AM Quote The "free market" does not exist without government intervention. The free market is what you get *without* government intervention. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: WilderedB on November 12, 2013, 08:57:30 AM The One Thing Bitcoin Has Taught Me ... is that even when presented with clear evidence of how governments and central banks devalue currency, and even when there's a great alternative currency that no government can devalue in that way, and even when you're talking to people who actually come to you asking for ways to make money online - they still run away from anything they don't understand.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: superresistant on November 12, 2013, 08:59:54 AM Never trust any government for the value of your money.
All FIAT money goes down to zero one day. That's what History told us. Quantitative Easing is the sign of it. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: techstorm2 on November 12, 2013, 09:21:50 AM is never ever pre-order shit! [reply with yours] same here, FXXXing BFL!!!!! glad I didnt wait and do nothing, still using my GPUs to mine altcoins to get bitcoins. ;D Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: p2pbucks on November 12, 2013, 09:42:51 AM trust inputs.io is really really stupid !
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Gavin Andresen on November 12, 2013, 10:09:33 AM A surprising number of people will trade anything that has a price.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Johnny Bitcoinseed on November 12, 2013, 10:47:27 AM It it possible to have money without government intervention. As a socialist, I always found it amusing that the neo-conservatives claim that The "free market" can be used to reduce government intervention. The "free market" does not exist without government intervention. Money is one piece of the puzzle. The court system/dispute resolution is another. Here is what socialism gets us, a classroom experiment that anyone can relate to: http://www.thecommentator.com/article/646/does_socialism_work_a_classroom_experiment Enjoy the read! Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: ajax3592 on November 12, 2013, 12:26:06 PM There is still faith, hope and *excitement* left in the humanity.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: superresistant on November 12, 2013, 12:31:47 PM Here is what socialism gets us, a classroom experiment that anyone can relate to: http://www.thecommentator.com/article/646/does_socialism_work_a_classroom_experiment Enjoy the read! Total fail. It has been proved that reward system and incentive are counter productive. You'll find many articles and experiments about it. If socialism is ineffective, why is it applied for banks ? Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Johnny Bitcoinseed on November 12, 2013, 12:33:00 PM There is still faith, hope and *excitement* left in the humanity. Yes, the human spirit prevails. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: MaxBTC1 on November 12, 2013, 12:34:13 PM Never look at the trollbox
Ever. There was some story on le reddit the other day of some fucking idiot who bought at the top of the bubble and sold at the bottom last week. top kek Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Johnny Bitcoinseed on November 12, 2013, 12:35:56 PM Here is what socialism gets us, a classroom experiment that anyone can relate to: http://www.thecommentator.com/article/646/does_socialism_work_a_classroom_experiment Enjoy the read! Total fail. It has been proved that reward system and incentive are counter productive. You'll find many articles and experiments about it. If socialism is ineffective, why is it applied for banks ? Then you also believe the violence of the state must be used against those who earn their way but do not wish to participate in your vision of what the world should be... http://www.youtube.com/watch?v=PGMQZEIXBMs For socialism can only exist by threat of violence against those producers who do not wish to participate. Penalties, jail time, and violence if you resist handing over your earnings to those who did not earn them. If you want to be a socialist, fine, then divvy up your wealth and bitcoins. But do not force everyone else to follow your beautiful vision. Socialism is not charity. It is theft and violence, something even a child understands is wrong. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: MicroGuy on November 12, 2013, 12:46:26 PM "May all your bitcoin dreams turn to Gold." 8)
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: MakeBelieve on November 12, 2013, 12:47:53 PM One thing Bitcoin has taught me is to trust no one. Not even reputable members. I wasn't in the Bitcoin game to pre order anything so I'm lucky.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Tomatocage on November 12, 2013, 01:52:45 PM Everybody is a scammer.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: haightst on November 12, 2013, 01:56:28 PM A surprising number of people will trade anything that has a price. lmao~ya don't say? ::) Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: UncleBobs on November 12, 2013, 02:17:24 PM Bitcoin does not behave normally.
Therefore I have stopped treating it as a normal investment. Want to buy some silver? https://cryptothrift.com/?a_action=user_profile&post_author=446 Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: superresistant on November 12, 2013, 02:38:12 PM Then you also believe the violence of the state must be used against those who earn their way but do not wish to participate in your vision of what the world should be... http://www.youtube.com/watch?v=PGMQZEIXBMs For socialism can only exist by threat of violence against those producers who do not wish to participate. Penalties, jail time, and violence if you resist handing over your earnings to those who did not earn them. If you want to be a socialist, fine, then divvy up your wealth and bitcoins. But do not force everyone else to follow your beautiful vision. Socialism is not charity. It is theft and violence, something even a child understands is wrong. I don't believe in anything related to what you say. I don't see your point. I am not socialist. Socialism exist in the banking system, for the bankers. The bank system cannot go bankrupt because you'll always have to pay for their losses and for their bonuses. You take the risk, they take the benefits. You are already giving all your wealth to the bankers, the gap between you and them will never stop expending. They don't need to use any violence to steal you because you agree with it. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Jutarul on November 12, 2013, 02:44:29 PM Frontiers are messy
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: indianplayers on November 12, 2013, 03:18:32 PM to hold on to my coins! and don't panic sell again!
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: KonstantinosM on November 12, 2013, 03:23:21 PM Golden opportunities always happen and the future is unpredictable with only a few signs for when opportunity strikes.
Imagine mining 1000 coins with a cpu back at the very start of bitcoin for example..... Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: n8rwJeTt8TrrLKPa55eU on November 12, 2013, 03:33:00 PM Never delete files or reformat the hard drive used by experimental programs generating monetary tokens, even if it all seems to be an ivory tower project only in use by hobbyists.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: interlagos on November 12, 2013, 04:40:40 PM ... there are always good parallel realities to shift to.
This one has Bitcoin, the one I was 3 years ago didn't. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: lnternet on November 12, 2013, 05:03:03 PM ... how little intuition I still have for exponential. 256 bit uncrackable??? well yes.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: phillipsjk on November 12, 2013, 05:07:50 PM For socialism can only exist by threat of violence against those producers who do not wish to participate. Penalties, jail time, and violence if you resist handing over your earnings to those who did not earn them. For Capitalism to exist the threat of violence must be used to enforce property rights. Those producers pilfer the commons and keep any profit for themselves. There is probably a better thread to debate this in though. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Johnny Bitcoinseed on November 12, 2013, 09:07:01 PM Margaret Thatcher - "The problem with socialism is that eventually you run out of other people's money [to spend]."
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: newtothescene on November 12, 2013, 09:16:01 PM Difficulty will always move faster than you think is possible/likely.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: haightst on November 12, 2013, 09:18:05 PM ~> DON'T EAT BATH SALTS!!! :P
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: malevolent on November 12, 2013, 09:29:52 PM ... if you don't have the private key you don't have any Bitcoins (ask the users of Input.io, Bitcoinica, bitfloor, instawallet, etc, etc, etc). Slight nitpick.You can have the private key and still not have any bitcoins (when someone else has the private key as well, then it becomes a race to transfer the coins). That's why I say: If you are not the sole controller of your private keys, you do not have any bitcoins. Slight nitpic. ;) You can have bitcoins despite not being the sole controller of your private keys (e.g. certain scenarios involving multi-sig addresses, like 2-of-3 addresses, where it's not necessary to know the other party's private key, and keeping one's own two private keys secret is enough to be safe and to be the only person that can spend coins from that address). Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: moderate on November 12, 2013, 09:31:33 PM Is that people enjoy getting scammed.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Mike Christ on November 12, 2013, 09:35:38 PM Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: jeppe on November 12, 2013, 09:49:24 PM Buy low and sell high :) and then invest some of the revenue to long term :)
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: HeliKopterBen on November 12, 2013, 09:50:27 PM Why I should be paranoid about internet security.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: The 4ner on November 12, 2013, 10:35:26 PM Don't trust anybody! :o
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Lauda on November 12, 2013, 10:43:16 PM that I haven't learned anything.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: moderate on November 12, 2013, 10:49:55 PM Is that people will dump their coins into any site that they find pretty.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: malevolent on November 12, 2013, 10:51:40 PM ... if you don't have the private key you don't have any Bitcoins (ask the users of Input.io, Bitcoinica, bitfloor, instawallet, etc, etc, etc). Slight nitpick.You can have the private key and still not have any bitcoins (when someone else has the private key as well, then it becomes a race to transfer the coins). That's why I say: If you are not the sole controller of your private keys, you do not have any bitcoins. Slight nitpic. ;) You can have bitcoins despite not being the sole controller of your private keys (e.g. certain scenarios involving multi-sig addresses, like 2-of-3 addresses, where it's not necessary to know the other party's private key, and keeping one's own two private keys secret is enough to be safe and to be the only person that can spend coins from that address). If you need 2-of-3 to access the coins, and you alone have 2, you can access the coins and you are the sole controller of the keys required to access the coins. If someone else also has the 2 required to access the coins, you are not the sole controller, and it becomes a race (even if intentional) to transfer the coins. If two people are required to access the coins, each having 1 for a 2-of-3 address, you are not the sole controller, and you alone do not have any bitcoins, you have shared access to some coins. If the other person dies without sharing their key with you, you have nothing. I stand by what I said. I think you are just making the key more complex, which ultimately changes nothing. Either you alone have access, or you alone do not. What am I missing? Initially you wrote: "If you are not the sole controller of your private keys, you do not have any bitcoins." which was a response to "having the private key". What I meant is that it is possible be safe despite not having all of the private keys (having 2 keys out of 3 of a 2-of-3 address). Likewise it is possible to not to have the bitcoins despite being the sole controller of (one) private key (in the case of a 2-of-3 address and someone else having the two other keys). I think it's more about wording/semantics. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: irpirate on November 12, 2013, 10:53:23 PM ...is not to eat yellow snow. :o
The second is not to use an on-line bitcoin wallet ;) Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Lauda on November 12, 2013, 11:21:31 PM ...is not to eat yellow snow. :o not to use inputs.ioThe second is not to use an on-line bitcoin wallet ;) That doesn't mean that all online wallets will/can be hacked. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: moderate on November 12, 2013, 11:24:16 PM ...is not to eat yellow snow. :o not to use inputs.ioThe second is not to use an on-line bitcoin wallet ;) That doesn't mean that all online wallets will/can be hacked. Do you still believe inputs.io was hacked ? Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Lauda on November 12, 2013, 11:26:53 PM Do you still believe inputs.io was hacked ? I'm giving TF a chance.Anything is possible. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Lauda on November 13, 2013, 05:02:36 AM Hacking does pay. :D
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: DeathAndTaxes on November 13, 2013, 05:20:51 AM Hacking does pay. :D Sometimes "hacking" pays even more. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Lauda on November 13, 2013, 05:26:16 AM Hacking does pay. :D Sometimes "hacking" pays even more. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: SuperHakka on November 17, 2013, 03:13:44 PM ... how to be philisophical about life :-D when I could have bet the farm when it was 5$ but didn't got I got distracted :-[
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: farfiman on November 17, 2013, 03:23:24 PM Never trust a pirate.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: elux on November 17, 2013, 03:29:38 PM Sometimes "hacking" pays even more. How very true. As a rule of thumb: Whenever a sufficiently anonymous service is entrusted with bitcoins without sufficient collateral, and the amount thus entrusted is large compared to the profitability of the service, that service will cease to exist when the ratio of coins coming in to the coins going out turns negative. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: N12 on November 17, 2013, 03:43:41 PM You can actually make money in financial markets without having insider information.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: areebmajeed on November 17, 2013, 04:13:16 PM Is to never trust anybody
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Tirapon on November 18, 2013, 10:00:40 PM ....Is that when an anonymous hacker invents a revolutionary financial technology... pay attention.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Mageant on November 18, 2013, 11:11:32 PM Buy and HOLD.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: wopwop on November 18, 2013, 11:12:20 PM Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: Mondy on November 19, 2013, 12:13:50 AM ... if you don't have the private key you don't have any Bitcoins (ask the users of Input.io, Bitcoinica, bitfloor, instawallet, etc, etc, etc). I second that and hold your btc! Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: beetcoin on November 19, 2013, 01:35:29 AM i should have planned better and earlier. it's all hindsight now, i know, but i should have had a plan.
looking back, i should have purchased 1000BTC.. because once it hits $1,000 USD/per, i'd be a millionaire. i'd sell off a small portion of my holdings at $1000 (say 15%), and hold until it's $10,000 and then sell off another 15%. that kind of planning would lead to early retirement.. but alas, i did not have the foresight. i am a fool for not planning ahead. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: grahvity on November 19, 2013, 01:40:30 AM No matter how clever you think you are there's always someone cleverer than you.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: MessyCoin on November 19, 2013, 01:57:35 AM buy low, sell high :)
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: snakebit on November 19, 2013, 02:52:27 AM That the future is bright. Even brighter than I had imagined given I was more of a doom and gloomer before I discovered Bitcoin.
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: rogue13 on November 19, 2013, 03:04:05 AM Do not give up on a new technology because you can't figure out how to work with it. Spent about an hour trying to get the mining software I downloaded to receive some work from the mining pool and ended up giving up on bitcoin till about 6 weeks ago. This was back when bitcoin-qt was version ~0.2
Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: lophie on November 19, 2013, 04:59:12 AM Bitcoin have taught me to trust and believe in decenteralised system. To believe in the idea itself and fight for it even when no one or very few people are.
I was in after the big crash from ~$30, Decided to first understand the idea, understand Bitcoin. Believe me if you do you will still rally for Bitcoin even if TODAY it fell from $700 to 50 Cents. Title: Re: The One Thing Bitcoin Has Taught Me ... Post by: RchGrav on November 19, 2013, 05:08:47 AM is never ever pre-order shit! [reply with yours] True DAT TRUEEE DAT (especially never ever order next gen miners from a company who obsessively burns them in for a full year before shipping.) |
