Just posting the email here could be considered part of the scam, some will read this thread and give it a go. 100 people sending 0.01 to test makes it worth their while, billions of emails are sent on this premise as it only takes 1 in a million to profit
You should blank out the btc address if you dont wish to further the scheme
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Sounds racist to me, all golds disadvantage will be held as advantages by someone else as some just prefer the tangible over the theoretical instant magic of bitcoin. Weight could be useful as it only takes a small amount for worth, just a gram of gold is substantial amount of cash in many countries and will pay a weeks bills. It relates to compactness, I know not BTC is lighter then air :p but its no longer physical at that point. The weight relates to coin definition as well
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Should switch to POS and wallets could be the network, more resilient then miners wanting profits. Price has to relate to costs at some point and competitive usage of the equipment to mine
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Seems to be website creation would be linked to bitcoin as its often a requirement for earnings or various operations, they in turn can more likely pay in bitcoin to you. Easiest way to earn btc might be to have a skill linked to the industry, like pool management, etc
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Bigger traders see pattern change for bitcoin also apparently https://twitter.com/alaidiIn 2008 everything went down together if I recall right and at the time people said it was a sign of price inaccuracy or quite simply panic, forced selling. There were some bargains at that time from that phenomena. in retrospect
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Can anyone say which altcoin has lost the least this year, since the basic founding to a currency is to preserve wealth over time or we'd all be keeping food and various commodities we use - but they go off! Deepcoin can either go two ways: death or moon. Seriously, this is the one to look at for short term profit, it is so undervalued considering it has unique features and a low amount of total coins. The devs are still working on it, and there is still a small community holding and doing everything they can to get the price back up. There are more than a few Sr. and Hero members in Deepcoin, these are influential people who have power. One in particular has a massive data center and a massive mining setup mining DCN. I have no idea what is going to happen to Deepcoin but it'll certainly be interesting.
What features make it a possible unique coin to own usefully ?
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Seems like a very biased review to me, someone doesnt like competition perhaps. Great to see someone offering online services for bitcoin and encouraging commerce and I love the ticks in the title lol
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Today is the end of the 3rd week for the first group of participants.
I kindly ask following users to confirm their participation for the fourth week:
1) pawel7777 2) owvpn 3) statdude 4) unamis76 5) hopenotlate 6) Timetwister 7) adaseb 8 ) krishatnet 9) Sindelar1938 10) ticoti 11) Bonam 12) mkrbtc 13) sgk 14) kashish948
new participants:
15) STT 16) fox19891989
once everyone confirms upfront payment for the 4th week will be made to these 16 users.
Sorry I need to confirm ? Consider it done
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1 million will buy a standard mustang at that time. Much like that poster from 1929 where he sells a brand new car for $100, it was alot to carry at that time
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the response can only be massive default on our historical levels of debt. Either honestly through default or dishonestly through significantly more monetary inflation. Not a surprising result of 17tn debt would be default but I think the majority of losses will be inflation and thats the reason dollar will fall from its perch as #1 currency as its just not reliable. This isnt something that will happen, it already has; by the amount of new money issued via bonds but hasnt been used or circulated yet. Its not something I want but it seems to be a given and a plain straight default would be honest, straightforward and comply with capitalism as we've known it for hundreds of years so that wont be it. They'll try to continue with their new paradigm, the modern day genius which has given us the actions so far. It'll keep going like the pedal to metal like you say, until that thing runs out of oil, grinds to a halt, engine cant turn no more then they'll get out hands up wondering what went wrong with such a sound strategy. Speculation then says alternatives like bitcoin or gold do well but it might just be Australian dollar or something used by the biggest creditors like China. It probably wont be Yen, they'll not step away in time and already have their own problems
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Gold has already declined. In the seventies it fell 50% but this was during a rise from 35 lasting to $800. It seems quite similar now, even if we fell to 900 dollars an ounce I would not be surprised to see it still beat previous highs.
Or consider why dollars should appreciate in value now. Is this a solid dynamic to mirror your call for a collapse, one side does not move without the other and dollars have their own story beside btc or gold 'weakness'
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Thats a nice graph but think I have to agree. It could mean we have greater business involvement now and so chart shows here the concentration or by proxy usage of the masses in fewer distinct wallets. Isnt it always best for a distributed network to be showing greater active addresses as a sign of prosperity
Of course the ownership or control of the wallet itself could change without us knowing
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Graham's book would just tell him to buy working assets which return value. BTC is none of that, this was pure speculation for him as its not a float for a business or anything and he is not using the BTC. Obviously a house can be more useful then that but if it was not useful to him then in theory he is no worse off except there was always more productive alternatives.
People should compare his losses here vs a holding of gold which is the obvious choice otherwise. Both went down, Dollar is up and USA policy is perceived as great right now. Come back when its a mess again and see how those two compare, the fat lady aint singing yet
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QE is primarily used to keep the banks afloat. Great big neon sign on this one, government benefits massively. Can they pay the interest on their debt at higher rates, not really
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Dollar even digital is still backed by gold in theory, its just become a tiny percentage. The swiss left a gold standard in 2000 and have recently started buying giant amounts of euros to fix an exchange rate, yet still they have 8% gold backing swiss currency. USA does have fort knox but its billions vs trillions, the point is dollar slipped its reins not by design or accomplishment
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Gold has been a store of value and exchange for thousands of years and used to be used for exchange Gold is used for exchange, it would be silly argument to think otherwise. Its not a major asset any more like bonds or shares have become? Every central bank stores gold as an asset, the thing now is it has become 1% of money used in the world so China has 1% of monetary backing in solid gold allegedly. The thing is has debt as security reached its zenith and in that case, which would be stronger the usa and old money system with 17tn or china as largest gold producer and potentially user of gold in future. Nobody knows that it'll play out that way but its possible things turn upside down from now with gold on top again some day, it is used for exchange more then btc still afaik
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Its a business plan Ive heard of before. Like locally they have rigged up street lighting to trail electricity to a nearby manhole cover for a water mains and they placed a whole cannabis farm inside with high power lighting, full feed system. If BTC gear didnt become so old so quick I guess people might do the same, though a live internet link is a bit of a push
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Buy from people directly and you can buy small amounts I think Borisz, try local bitcoin or I guess there must be other places that give small amounts
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encouraging people to not spend their bitcoin and to instead hoard, which is very bad for bitcoin over the long term because it means the overall bitcoin economy is lower then it otherwise would be
I dont know why people are so singular minded, if dollars can be saved and also used, spent and earnt all at the same time. Why would anyone describe BTC as too precious to use, keep some back if you like but its supposed to be spent. I use BTC when its available instead of cash, think of it as supporting the company you buy from because it should be lower cost then credit cards. So you are giving profit to companies which have taken the bother to use BTC and you have avoided VISA and ultimately the whole big bank leveraged up house of cards which is going to collapse one day, sooner we start on alternatives the better
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