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Sounds good to me, im still betting on a 450 ish rise before xmas, then I have no idea if a rally will ensuee or we will go back to a 370ish dip
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the state is just a bunch of people doing what they know to be good, a little education and an investment in Bitcoin will help align self interest with public good and heal any perversions we see today.
Could not disagree with this more. Gold bugs have spent 100 years knowing they are "right" and waiting for everyone else to education themselves understand history and see the light. Never happened. In the meantime the state resorted to banning private possession of gold for almost 2 generations in order to break the public's view of gold as money. The state will fight Bitcoin just as hard. Harder to do that now with 99% of Americans on Social Media Most twitter comments don't focus on concepts for money. Most seem to be about Kim Kardashian and pictures of dinner. I fully agree with you that social media should help with education, I'm just trying to point out it is still extremely difficult, maybe we can cross the education hurdle this time, but maybe not. Trying to educate people in technical stuff is worthless. Bitcoin will be a success when the kardashians use it to buy dinner and tweet about it. Then maybe, maybe we will be rich with our current smalltime wallets. |
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OP should reverse thread title at this point.
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What are you doing differently from auroracoin?
Seems like the same thing to me. PLus how do you calculate "basic income" when crypto prices are volatile as hell. |
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the dollar pyramid crash,coming soon to your place,with the lessons on democracy and libertarian economics
life quality drop and massive riots
soon on your favourite unbiased tv channels
The statists will not admit their mistakes and will blame the problems on the Free Market even if there was no Free Market in the first place. They will suggest more Government action. It would be the same under a "free market". I wonder what would you blame then. |
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You think we can have an economy where everything is free? haha. You're worse than the the worst of the pinkos. Where does he say that and where do you address the 3 questions? |
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But what is gold backed by?
By general consensus that gold is precious and valuable? So the general consensus that bitcoin is precious and valuable is what we need, and nothing else. Bitcoin is backed by math certainity, the blockchain. The rest is indeed consensus. |
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If only we could conduct the heat generated by big ass miners into tubes that would deliver free calefaction for people, bitcoin would be something even greater.
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20,000 BTC invested now (~$7M) should put you on track to be a future USD billionaire
But who the hell has that kind of money to do that. We are talking a posbility for everyone. Back in the day, someone that registered a couple of household names like what.. i dont know, sex.com, broadcast.com, news.com whatever.. and then started some basic business could become a billi. With BTC i dont see it as clear. The opportunity to have a ton of BTC for a small investment is over. I can only hope that 1 BTC goes to 1 milli in a decade and I think im being delusional with that. |
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Yes, the people who invested in the internet back then are now billionaires Yeah, but what kind of BTC investment would you need to do NOW to become a billonaire in 10 years? |
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Im not actively using it as a currency. I dont see how I would benefit buying shit I dont really need when i barely have 1 coin.
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Look at it this way: You had balls to do something radical. Now deal with the consequences. Hold till the end. Not being rich sucks anyway. Kinda pushed the limit at selling your son's bike tho.
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 I just do not know why some people can still make big money when prices fall. Market manipulation and/or luck. Can't predict chaos. |
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Pretty sure he took a big dump at 1k and bought all he needed and still holds most of the Bitcoin reserve. Other bitcoin lotery winers aka early adopters like rpietila bough a damn castle, im sure most luckytime guys sold and bought shit already, but still hold a big % of bitcoin just in case it doesnt crash.
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Automation is the true red pill. Once you automate all jobs there is no place for a market hence there is no place for money. Prove me wrong??
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EUR is trash these days. Get on some migthy dollar, it cant fail.
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One one currency fails, another take over. Money will never die.
Year 3000. Once automation has replaced 99% of human labour... where is the place for money there? |
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So 14,000 people own roughly 72% of all bitcoin? If there are 1 million users, then the top 1.4% owns 72% of everything? That seems high.
Yes, you get that right. Don't believe the fairly tale that bitcoin is fair and liberated. Bitcoin is at the beginning of its distribution cycle, nothing is fair, but unlike fiat having a lot of Bitcoin and not spending it doesn't alow you to accumulate more wealth. In the fiat world if you're part of the 0.01% you get paid to be the majority wealth holder. By contrast in Bitcoin if you are a majority holder you lose a lot more wealth than the wealth you cash out when you cash out. What makes your Bitcoin grow in value is the size of the network of users, finding ways to distribute it to the people who will be responsible is not a trivial science. It would be prudent to only trust people to be responsible with there money when it comes at great hardship and expense. So holding if you are a stake holder is hard, you need to spend it strategically to make the network grow, and manage it like you're the FED. Watching the velocity, because there are other stake holders with the same knowledge but they are in competition. The fact is it's working extremely well, we've grown exponentially by an order of magnitude every year to date since inception. Now that's what I find hard to believe. How in hell holding bitcoin doesn't make you more wealthy? If things go as they should, as bitcoin becomes more popular, the price of bitcoin should go up. So if you own a lot of bitcoin already, all you have to do is wait and you'll be getting ridiculously rich in 10 years. So yes, waiting and holding = more wealth, so there is a big incentive to hold and not to spend. What are you winning by spending bitcoin? |
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Expect price to go below 100 if the widely expected November rocket failed to launch.
Nahh we'll not see below 100 prices, but near there if indeed the hype fails yet again. |
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