Intrinsic would be a snipe on the fact bitcoin has no base exchangeable worth, so they are saying it will goto zero and/or be replaced. Dollars are made from cotton, ditto just a comment on its priced value being far beyond its base worth. Gold is an element, it will never be replaced so that would have intrinsic value at some level though some say its also overvalued, etc Extrinsic, oppisite means not essential ie bitcoin cannot be argued to be essential yes it is an investment(financial) cause it appreciates in value
Thats circular logic imo. Anything at all can make money. I'll buy a jar of air from you for more then you bought it if I felt like. A man made millions from selling pet rocks. Can the owners said to have made an investment, the rocks did appreciate at least initially I think investment is a (re)usable entity that returns a positive from the utility it provides. Bitcoin maybe could be argued as unique and useful, its enabling business to take place globally that might otherwise be difficult. However I would say its more of a commodity and the investment potential lies with the companies that utilise it not the bitcoin by itself. Gold or silver are not investments, they have no return from themselves however they can be crafted to a product or they can allow stable business to be conducted similarly so that is utility but the investment return is in their use not the raw metal same with bitcoin. I dont think bitcoin gives a return only speculative gains from others activity, its an inverse relationship not direct investment similar to plain dollars
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I think its been said a few times its better to just buy the btc and keep it then waste time on mining equipment which cant earn back its cost. Perhaps also a mining contract might be more profitable also, not sure but if others have the advantage of economies of scale and already up and running then possibly cheaper to buy part of their operation for the same amount of time as this equipment would last
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Ive been staking for 2 hours it appears, how long does it matter for or when can I restart the wallet to see
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The flash crash in stocks did come before they fell anyway but never actually went as far down as many recorded in error. So its basically erroneous I think. If you want details of a real spike, look at the takeover of VW by Porsche
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It doesnt have to be a glitch but I think he'd have to buy up the whole sell order book, how much is that? Must be 1000 btc on there to sell, so its extremely unlikely outside of millionaires fleeing a country or the Fed going broke, some major world event, etc.
Ive traded on exchanges that had no matching so you could make the price appear higher just by forcing a sale at a certain price. Most of them dont allow that though
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Buying a house is not considered risky because you will use that house every day. Selling the house to buy something you do not use everyday is most certainly risky. Im not against the choice as such but this is just 1+1=2 in risk analysis. At least the OP should secure his accommodation. If a man chooses to sell a large house and live in a tiny room somewhere then so be it , maybe he saves on heating bills and maybe he can justify it all. But to have have nothing at all as replacement seems unsustainable which is where it becomes an excessive gamble. If it was written, I run a BTC business and I need the coins for the float on my exchange. Liquidity perhaps, some sort of every day utilisation then that starts to become or a reasonable risk at least. I would say the same thing if you bought all silver bars. IF you are a jeweller then fine, thats fair enough to go leaning into overstocking it but to have no use and overstock something is plain speculation. A sensible amount of holding gold for anyone at all, people reading this or your grandma even is about 10% so I'd say the same for BTC. You may never need the gold or the gov might raise interest rates to 10% and the price of gold falls. With BTC, we might see it rise and it is a needed product or again we might see it redundant. Nobody knows for sure, I would guess gov cannot raise rates to 10% nor that btc is easily replaced but we'll see. Also do we have the transaction link for the 640 btc, or is that not posted for security perhaps He needs a security advisor. Can a paper wallet be printed out via 3d printer, paper sounds a bit weak
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I dont get how there is enough space to store a picture. Surely you mean post the link to the file hosted somewhere.
I thought namecoin or something would be covering this kind of thing and building up alternate dns to handle all sorts of traffic?
If you are asking us if its valid, sometimes people dont know till they try it. Sounds like a document that the author wants to be published and kept distributed is the most likely use. Timestamping would be recognised in a trial if it was somehow vital to the case, I dont think things become law just as one judge accepts but I doubt anyone goes to the chair for lack of a court recognising bitcoin timestamp is valid independant acknowledgement
tl;dr: nothing wrong with imgur
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Did anyone have their DRK pool wipe out their account balance even from mining last month. Im hoping its temporary while the chain catches up perhaps. Only DRK coins I have left now were mined in the last 24hr
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Sounds like it could be right, the fiat prices for bc have not gone down much because btc rose. The price in the mid twenties is healthy, its normal for it to waver here just like it did in April on the way down. To go straight up is more likely to fail, stepping up gradually would match more holders over time
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You should advertise some of the prices in bitcoins really also hours of business vs forum time
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I don't know anyone who keeps cash. Like in a mattress? Most people have an IRA or they have assets like real estate
Most people earn cash and keep at least some on average. A pension is usually made up of bonds promising cash. It is a policy done to discourage holding cash, as consumerism is supposed to help business more then saving. Keep shares in companies operating globally should help yet all currencies are related to the dollar system and real estate should be good but as we know the majority of sales are backed by government. So once again you have an inaccurate price and inflation meaning a purchase is not the bargain it could be
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So destroy everything and start over? What would happen if ECB didn't print money to restructure Greece's loan. Tough shit?
You talk you as if you live on a deserted island disconnected from the rest of civilization
Flipping to the extremes is how politics justifies itself. Not everything gets wiped out, mostly its those who lent money foolishly to the Greek banks and government. Why was Germany so keen to bail out Greece, its mostly self interest because their banks had become mired in the situation believing Greece to be equal to other countries in the Euro. Clearly this was not true, when we ignore mistakes like this we are set to repeat them and probably in a more costly way. I believe they did haircut the loans but Greece has once again issued more debt recently and has not revoked many of their destructive laws which prevent normal business operating and so they continue with their unemployment and other failings until they really fall over into nationalism or fascism. Bankruptcy law does not promote those causes, it attributes the losses to the lenders and so they are cautious instead of reckless. When losses are spread over the entire population it promotes bigger failures as the risk of loss no longer exists like it normally would
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Its more well known and thats all it takes. ITs not what you know, its who you know or how many know you Network economy, is drk a wider economy then ltc, just being superior and secluded (more) wouldnt work
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Deflation as such is not a negative just like inflation doesnt have to be. ITs the volatility in supply that would cause most trouble and/or excess, so 30% inflation has occured in the West and it led to poor economies. Deflation is not depression or even recession. Growth can occur while a money supply contracts. Ditto the inverse, a country can suffer losses even while inflation raises prices, the value of earnings can drop. Since we have had inflation since the federal reserve came about, this is the most familiar scenario but both are possible As Beliathon said it's divisible. Even further than a satoshi if need be, so there isn't a "lack" of ability to spend it. Gold is massively divisible. All the way down to a dollar, you can get a stamp of leaf gold. It will blow away in the wind, its not useful for anything really. They put it on cakes and eat it. In theory you could trade this, some company is producing plastic casing /notes for minute gold such as this. And they'll sell 1 dollars worth for 5 or 10 I presume hence btc is far more practical in small amounts but either works as obviously a token coin with trace amounts of gold can be used etc BTC is very determined to give regular production. All that bother with difficulty is for regular supply rather then the normal model gold has which is capitalist driven mining activity. The avoidance of leverage also stops the fractional reserve liquidity issues, except for fraud / centralised off blockchain issuance of which people should be more cautious as we saw with gox
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Automation continuously shifts the minimum required iq to be productive. What happens when this minimum is higher than society's average?
Computers are generally not more capable then people. Specialised and faster in specific roles yes but it'll be a long time before robots replace us all. Generally its of help. People who arent geniuses can go into entertainment or some service, people get people and they'll be something they excel at. Some people earn a living as statues , its bonkers what is possible. Im not saying thats a great job but somehow I think they'll always be something; people are more adaptable Really its not all about IQ, that does not cover skill and talent that even the uneducated serfs have in abundance and to a far higher grade then automation can challenge. The biggest thing with people is wasted talent, its not about stealing jobs
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Yea Im talking over the last 6 months but sure it could be alot worse. Yesterday was good, literally a middle finger to the doubters :p Maybe its enough, Im certainly not short
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Im still not convinced especially. A good counter now would be to fall back but fail to fall properly. Then it could confirm the rise, if it just goes up and there isnt any mass of volume then it seems suspect to me. Also it makes sense to follow the dollar index, as in real forex so that you can track some value of the rise. Recently DXY has been recovering its years losses some, this puts some pressure on everything sold in dollar Passing 600 in the next 48 hours
If we're talking bullish targets then 657 would be in line with a fib retracement of the peak to trough 518 to hold these gains
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Soros does not manage those funds outside of an emergency so far as I know. Likely that decision was taken by others and I dont think even sent for his approval
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No this is no good. Volume flat lined and price has risen some off the recent lows. It does not appear constructive to a bigger move and personally I dont care for anything less then 100 up or down. Right now its idling with the heater on, eating doughnuts and coffee. Is this the time it breaks upward, I would guess not more likely a repeat so back to defcon 5 imo :p
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