How to prove that this is not a scam?
They believe the biggest advantage of decentralized autonomous corporations is the lack of regulation. It is a scam. It's secretly promoted by the supporters of the RIAA to scam people who believe in intellectual property. I wouldn't give these scammers a single Bitcent. |
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Phantom Corp Business Plan and IPO The inventor of Phantom Corp’s intellectual property protocol filed for provisional patent several months ago, and is first in line to receive patent protection on a novel use of cryptographic currencies. Phantom Corp’s IP protocol will allow users from all over the word to upload files in order to receive a payment in currency. Why are you patenting? Don't you know patents are part of the problem? How do we know you're not a patent troll? Why should we trust you at all? |
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You can do what you want with your cash but one thing I am telling to everybody. Keep one bitcoin at all times and never sell it (at this time). One bitcoin is enough to be rich in few years and risk of losing it is slim.
It depends on how you define rich but 1 BTC is enough for most people to retire possibly by the end of this year and certainly within the next few years. 10 Bitcoins and you've got enough that you'll probably be rich if you hold long enough. |
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Hi,
I have a decision to make and am not sure what to do. So I already invested 50% of my cash into BTC for long term. Now I have about $20K and I need/want a car for 3 years now. I found three nice cars but am not sure if I should buy one of them now? Or better invest those $20K in BTC and speculate?
Maybe when I invest, I will lose it or if things goes well it will double in a few months and I could get the car for free. I need and want this car, there is no discussion about if it makes sense to buy a car or not.
So, what would you do? Go full (90%) BTC and speculate? Or get the car now and enjoy the ride?
Considering the timing, right about now I would go full BTC. BTC could be over $100,000 by the end of this year and you'll be stuck with a car? GET SOME BTC. It's just a goddamn car. |
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The word conspiracy theory is for hiding behind the straw man. People in the US just don't realize that their capitalistic system is a corporate system through and through. They don't even notice it. And corporatism means that business and government co-opt into a single net of of power. And its exactly institutions that CFR that stand for this. It's a bit more complicated than that. I'll agree with you that they are the establishment but it's not a bad thing to explain Bitcoin to the establishment. Maybe if they had a better understanding on what Bitcoin can do for the world then they adopt better policy stances. Why assume every meeting will go bad or that just being in the establishment makes someone evil? Those are conspiracy theories and they don't help. Of course if you're inside that bubble you don't realize it and think everything is just fuzzy and perfect. Like say a Larry Page or Mark Zuckerberg, running around and explaining how the future will just be more of the same. Of course they have no problem with working with the government on spying on people. The CFR has an agenda and I will admit that. Everyone knows what their agenda is. But you have to expect that they'll need Bitcoin explained to them and Gavin is the person to do it. I don't see this as negative. Would you see it as negative if President Obama wanted to meet personally with Gavin? I would not see that as negative, I would see it as an extremely bullish signal. If they were hostile there would be no meetings, no discussions, no questions and answers. They just don't call it that. And for someone in such a position to come out in the year 2014 (post Snowden) and play the conspiracy card is very telling. I hope the bitcoin community can really come up with much better positions than that.
Do you really expect a meeting with Obama to go well if you go in hating the US government and everything it stands for? On the other hand if you actually care and just have a difference of opinion on how the government should be run or how thing should be handled that is different. Bitcoin is not going to overthrow the US government but it is going to change the world and change how all governments operate in the same way that the web, the Internet and the industrial revolution changed everything. It's essential that people in the CFR understand the importance of Bitcoin because whether you like them or not they have control over the legacy institutions and those institutions need to adapt to change. |
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I've accepted an invitation to do a question and answer session at the Council on Foreign Relations (CFR) in Washington, DC on Thursday, February 6, 2014. I've been told anything related to the Council on Foreign Relations tickle's peoples Grand Conspiracy buttons, so I thought it would be best to be open about exactly what will happen. I hope it doesn't spark as long a thread as my visit to the CIA, but Bitcoin is a lot bigger than when I visited the CIA... Anyway, here's the invitation I received: On behalf of the Council on Foreign Relations (CFR), I write to invite you to speak to our Washington-based members as part of our Voices of the Next Generation series. This program seeks to bring together our members with fresh, young voices in the nation’s foreign policy discourse. Given your work with BitCoin, you would be an important addition to the series. In the past, the Voices of the Next Generation series has featured Esther Duflo, Abdul Latif Jameel professor of poverty alleviation and development economics, Massachusetts Institute of Technology, Ayman Mohyeldin, Middle East correspondent, Al-Jazeera English, and Jennifer Pahlka, founder and executive director, Code for America. CFR is a nonpartisan national membership organization and think tank, as well as the publisher of Foreign Affairs. Among our members are many past and present U.S. presidents, secretaries of state, defense, and treasury, as well as other senior U.S. government officials, renowned scholars, and major leaders of American business, media, and nongovernmental groups. The format of the event will be a 90-minute question&answer session, moderated by somebody yet-to-be-determined. It will be "on the record," meaning press could be invited to attend and recordings and/or transcripts may be posted on CFR's website. The audience will be CFR members and invited guests (and maybe press); it is not open to the public. I am not getting paid by the CFR. I actually think it's cool. It's actually a sign of respect for the community that they'd want to meet with Gavin. If they were totally hostile there would be no meetings. We have to get on from the conspiracy theories. Let us be realistic, if someone has to meet with these groups it should probably be Gavin. I view this development as excessively positive for the future of Bitcoin. One of the greatest intellectuals of the United States, Noam Chomsky, has some interesting things to say how forums such as the CFR operate: "The Council on Foreign Relations is essentially the business input to foreign policy plainning." [1] As far as I can tell inside the US Chomsky is seen as a conspiracy theorist or left-wing nut (which would be certainly the view inside of circles such as the CFR). But the view outside of the US is quite different. What I would like to see is the cryptocurrency system becoming more international. The foundation claims that bitcoin is "non-political online money", which is really absurd if one thinks about it. [1] http://www.chomsky.info/talks/19850319.htmOne interesting fact about the politics of the US. The more you represent the actual politics of the US in your speech the more you will be presented as a lunatic. That does not mean that you're not representing a certain political demographic, it just means that the political views in the US are all presented as crazy by the media. It's not a left or right thing, it's inclusion or exclusion. |
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I remember both. Astrohacker did admit he was wrong about the singularity later on. Thus, in another 2.5 years, there will be somewhere between 10^8 and 10^10 users. Since there aren’t even 1010 people on the planet, we may estimate that adoption will be ubiquitous in approximately three years. Almost as precious as reptilia's 300k USD/BTC for 2013.  300k USD/BTC is possible for 2014 though. |
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next year we finish the year at $22,500
This is actually a very reasonable prediction. I predict higher but this is reasonable. |
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It's not trade fortresses is it?
This will take Bitcoin to $150,000. |
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Thoughts???
Never, but $400,000 is good enough to make everyone here happy. |
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Any of the many intercepted devices can exploit and steal your Bitcoins through the NSA and people who figure out the backdoors.
The NSA can rob any wallet whether its iphone or not. The iphone is just probably easier. |
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It's a lot easier for nothing to become to something than for 10,000,000,000 to become 100,000,000,000. There are complications in moving gigantic sums of money and winning over those types of investors, versus joe schmoe handing over his pocket change to buy a pizza. That's why the initial growth was able to be so fast.
That is a myth. There are hedge funds who move that kind of money for a living and institutional investors have trillions. It's a lot harder winning over joe schmoe who has to have the technology explained to them than professional investors who have been studying Bitcoin all year and just waiting. |
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If Satoshi were to post today with a tip jar, how much would you donate?
Hell no. He has enough Bitcoins already. I would like to talk to him though. |
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Code wise, bitcoin has grown beyond the control of any one person now. However, Satoshi does own close to 1,000,000 bitcoins. If he sold them all at one time, it would likely seriously depress the market price of bitcoins. I think that's about the only serious negative thing he could do, and I can't imagine why he'd want to really, as I'm sure he wants his bitcoins to be worth as much as possible, just like most everyone else does.
What would stop Satoshi from launching a 51% attack? I'd say yes he does have kill switch capability but I don't think he's interested in using it at this time. |
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Keep in mind that the bloke being quoted in that headline is the CEO of the company running the Bitcoin Investment Trust, and thus has a lot to gain from making people think that Wall Street will be putting huge money into Bitcoin, whether or not he actually believes it. Keep in mind, everyone here has a lot to gain saying Bitcoin will go up or down because who knows they could have made bets either way. And nothing stops you from profiting from the crash down as much as from the rise up. Bitcoin can be shorted. Incredibly short sighted and weak argument. |
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The demand is there. The people are sold on it and are trying to figure out how to buy it. When they can call their broker and order it then you'll see $10,000. When it goes over $10,000 people will go into a buying frenzy and push it to $100,000.
No, price does not work this way. Going from $1,000 to $10,000 is ten times harder than going from $100 to $1,000 Actually no it's not 10 times harder. The network effect actually would make it more like 10 times easier. When something is easier to buy, more people want it, bigger institutions with more money want it, and it's seen as legitimate rather than a currency for drug dealers and terrorists, why would it be 10 times harder to go from $1000-10,000 as if there aren't hedge funds and investment banks who could easily put in hundreds of millions to billions at a time? |
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Analysts from the bank of America recently valued Bitcoin at a price of $1300 each. Bitcoin enthusiasts have said that the price could easily hit $10,000 each within a year How much do you think 1 Bitcoin will cost a year from now? Cast your vote here http://latestbtc.com/price-poll/At least $100,000. |
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Are people with a ton of Bitcoin slowly selling theirs, making this a type of Ponzi scheme after all?
what? how selling by early adopters equates ponzi in your mind?  many people who bought cheaper are taking profits when they see the moment is right (before a serious resistance), and that same thing happens in *every* market, why the hell would that be a ponzi? do you even know the definition? He means a pyramid scheme. I am tired of people calling it a Ponzi scheme when they mean to say pyramid scheme. Bitcoin does have some pyramid scheme aura around it based on the fact that no one knows how many coins Satoshi has, and less than 50 addresses have almost half of all the coins in existence. It's not a pyramid scheme though because those people will spend or cash out when their coins are worth millions or billions. |
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After reading some things about Bitcoin on the internet i watched this site about Wallstreet, who are prepairing to invest also into BTC. I dont know if its 100% true but its logical that this will be there new ''upcomming market''. Guy's it might be a pandora's box opend with all new things created around the BTC. 2014 will be a good year for BTC, but the only thing im worried is the price, it will go skyrocket and down a lot of times, but this step from big investors is needed to make the price stable? Buy coins while there still cheap atm  http://www.entrepreneur.com/article/230346Greetings Raymond. Bitcoin can be made stable using colored coin. So the problem will be whether or not Bitusd can be stable. BitUSD will be purchased instead of Bitcoin for people who want stability. |
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Given BTC rose from $13 to current prices in the span of less than a year this is completely possible. Sprinkle in some irrational exuberance and we have 30k noproblem.
Most of the people commenting didn't watch Bitcoin go from $13 to $260. No one thought it was possible that Bitcoin could go over $100 in 2013 and it went over $1200. In 2014 I think it will go over $100,000 but the next bubble will take it to $10,000 and that is only a couple months away. By February we will see the next bubble. We aren't seeing it right now because it's the Christmas season so people aren't going to be buying as much but also because it's just not reaching the tipping point. 2014 you'll see a flood of institutional investors, hedge funds, oh yeah and the new crowd funding legislation will open the door to non-accredited investors. It's not hard to figure out that once the flood gates are open 100 billion is really not a lot of money at all. It probably will be a bubble for sure, but that is how Bitcoin grows. It has never grown slowly, so the people saying it will be $2000 this summer aren't basing it on the trends from previous years. If Bitcoin has the exact same year it had in 2013 with all the negative media attention and difficulty in buying it then it reaches $10,000 by this summer. If we factor in the positive media attention, better infrastructure, and institutional investment like hedge funds and IRAs then you have $20,000 this summer and $100,000+ next winter when the market cap will be in the hundreds of billions. The demand is there. The people are sold on it and are trying to figure out how to buy it. When they can call their broker and order it then you'll see $10,000. When it goes over $10,000 people will go into a buying frenzy and push it to $100,000. |
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