I think so too, but it's also to capitalize on something that could be finite in the digital world.  Having only 21 million bitcoins that could ever be obtained is going to be the best thing for bitcoin imo.  It's literally like having digital gold, where the amount of gold on earth is limited and only so much can be mined up; but with bitcoins, it's like having gold where you can pay anyone anywhere in the world with it.

A little better than back in the day when people would have to carry around a sack of gold coins to pay for goats and cattle.

Are you trying to tell us that bitcoin isn't already the number one cryptocurrency?  lol, I think we all know that bitcoin is number one when regarding the market size and price point.  It's not like your taking a huge risk, like you would when investing into an altcoin in hopes of it's price/market size to rise.

Yikes, that's a pretty harsh gambling addiction your friend has.  The most I've ever seen someone spend on the lottery (in this case scratch off's) in one sitting is $300.  We were at a bar that sold them, and everyone was laughing so hard at him every time he would ferociously scratch off those things, and then kind of look up with those sad puppy dog eyes, and the look of pure defeat.  But, I mean he didn't go on to put his whole salary into them, and knew when to quit.  I can't believe someone will go so far as to put everything they have into a lotto.  That's just absurd.

lol just name it fiat

confuse the hell out of everyone, and may actually gain some attention.

or you could name it puzzle. what's the puzzle That's the puzzle!!

I used coinbase a while back but recently stuck with using circle, because at the time, it was a very convenient way to sync my bank account info to the site and by bitcoins using my checking account.  Just as of now, I tried to buy a good bit of bitcoin and they gave me around 40% of my initial deposit in bitcoin and then told me to wait 4 business days so now I have to wait for the next week to get the rest of my bitcoins in.  It's just a very inconvenient way to purchase bitcoins, but I guess I'll have to use coinbase now to buy in the meantime, because of the fact that there is no one around me that uses localbitcoins for me to buy.

Circle definitely gave the bitcoin community the long hard shaft on this one.

So what you are trying to say is to go back in time and own a bunch of land in the 18th century? lol.

And if you are pointing to the fact that there is still more bitcoin to mine and you could be a major owner of "land", meaning bitcoin, at this day in age which is still cheap to invest if you think that bitcoins prices will hit the $1k-$10K range... then I think you might be right.  The time is now I think to start investing heavily into bitcoin, but at the same time, I would hate to see the same corrupt pyramid type of system where the people who invested early on in the cryptocurrency system will reap the benefits from here on out if bitcoin were to become a global currency.

I would personally like to see a better, easier way to transact money, where everyone will have equal opportunity to make it big... not just those who invested early on and now have so much purchasing power that they don't know what to do with it.

I'd have to second this... it's so hard now and days to get a good ROI when investing into ASIC's and other miners of the like, unless you have a major amount of cash you are sitting on that's doing nothing and want to industrialize mine... but that would take a lot of effort and work and investment that has a very big potential of going horribly wrong at any point in time.  So I would say that, especially with bitcoins price being so low, that it would be more profitable to buy bitcoins or work for them rather than trying to mint them your self.

Then that issue comes into question about the fact that industrialized mining is making bitcoins more centralized, which is another issue... but these threads always start in some aspect of an issue and progress into another one.  So I thought I would just go ahead and get the ball rolling lol.

Sure bitcoins have mixers, but along with having to have to send your bitcoins to that site that mixes it for you, you still are risking your bitcoins because some of those mixers turn out to be scams and just take everything you send them.  Also, what good is it to send in your bitcoins that are say, freshly minted and have no bad history with it, and mixing it in with a bunch of coins with a bad history?  Overall, I say that anyone who is having to send their bitcoins into a mixer are literally just mixing bad coins with bad coins... so yes, the person who is sending in their coins to be mixed get away with the scam they just committed, but two wrong turns don't make a right; in other words, mixing bad with bad doesn't make it good.

Yeah, I would never trust sending a transaction of mine anywhere without including a miners fee... just because it's notorious of just getting lost and never being confirmed.  I would always recommend allowing your wallet to tax on a miners fee at all times.

That's pretty awesome, I wish there were a couple of bitcoin ATM's that were around where I lived...

If I were to open a business that wanted to carry an bitcoin ATM, what would that cost?  I never really saw a price that one of those goes for.

Haha that is not entirely true... while religious freaks down here love their bible, they also love boos, boobs, and college football.  I just think that we can give an overall better image of bitcoin rather than being "cultish" though, and that's exactly what I thought when I saw that billboard.

Care to share more of your opinions?  I think that while bitcoin may not see the $1K price point ever again, I think that it will still remain a good investment in terms of using as a future currency.  Plus I think that bitcoin will share it purchasing power with another altcoin that offers better security capabilities than bitcoin, and I think there will be another alt coin that will offer faster transactions than bitcoin.  I think that bitcoin will be the basis of what we will base the value of the other alternative coins, just like how we value the bitcoins that are circulating today in fiat terms.

Though it may be a faster way to pay anywhere you want to pay in the world... it's not completely anonymous though.  It's pseudonymous, in where you can pay someone without entirely knowing who the person is, but every transaction in the world can be traced on the block chain.

I think that bitcoin just needs to settle with what it intended to be in the first place... A future currency adopted by the masses that can easily transfer currency to one another without knowing the person you are sending money too.  When you want the currency to be adopted by everyone, young or old, you have to make it simple.  I think bitcoin is doing just fine with all of this, and is gaining more and more popularity through media.

Now if you want security and the purchasing power of bitcoin, I would just say you get a cold wallet to store a majority of bitcoins, and with the rest of the bitcoins left over, merge them to getting another more "secure" coin like monero or something of the like.  This way you can just keep switching back and forth, whenever you feel the need to be secure, go with monero, but when you feel the need of holding on to bitcoin for the purchasing power you can transfer your monero into bitcoin using shapeshift.

I think a better question is, "what is your biggest hope regarding cryptocurrencies?"

Well let me delve upon that idea.  My biggest hope for cryptocurrencies in general is for bitcoin to become more and more supported by people opening up more nodes on their computers, which will help transaction times out a lot better.  I think this is essential if we would want a mass adoption type of thing going on, because if bitcoin transaction speed remains this slow, it will keep businesses from mass accepting those fancy bitcoin debit cards we all would love to use.  If we have to wait there for the confirmations to come through, that's no better than holding up a line by writing a check.

Also I hope that there will be another couple of coins that can be developed (or possible already have) that ensure a more secure transaction of currency than just bitcoins basic blockchain.  Since it is so easy to readily track where every coin has come from and where it will be going in the future, I feel like there is a need for a more anonymous type of coin.  I think cryptonotes will take the cake on this area since there is so much being done by making both the sender and the receiver both completely anonymous.

Magicaldice name: chennan

The best thing I like about magical dice?  I like the fact that the community seems to be very close and want to help out each other.  With people that aren't apart of the dev team like Unibtc on there that generously gives away a lot of the profits he makes on the site, that just makes me feel that people that play on the site just are generally on there for fun and don't care much about the profits that they make from there (even though it's a nice plus)

Things that MD could improve on:  I say that it would be really interesting if MD would incorporate another provably fair game on the site instead of just dice.  Magicaldice will always be known for the dice game, but I think the site could move further and give the community even more games on top of just dice.  There are multiple possibilities when it comes to provably fair gambling, but never knew if magical dice would be interested in doing that, just because it is know for just being "magical dice"

Anyways, thanks a lot for yet another give away and a really good campaign.  Stuff like this makes me keep coming back to magical dice to play from time to time, rather than just be a fellow sig campaigner for the site

Ughh, lol... people like you have given bitcoin a bad name in the press, due to the association of bitcoin to sites like silkroad and any other darknet market site.

But, I think personally what I like most about bitcoin is the fact that bitcoin is literally like digital gold that can be sent anywhere in the world without a third party.  And when you actually think about it, it's even rarer than gold.  This is because gold could potentially be found anywhere in the universe, due to the fact that it is a basic element.  Bitcoin is mined on computers on a tiny little planet called earth... so all in all, basically there are fewer bitcoins than actual gold itself.

I agree with you here on this one.  If this is in the US then I don't think this would settle well, especially for people around where I live, because I live in the bible belt and people who have already heard of bitcoin down here think that it is a message of the incoming "rapture" that the bible foretold.  We have to ease people into this kind of thing and make them see the light of bitcoin in a sensible manner... not by having some cultish symbolism promoting bitcoin.

Just five dollars to get your name launched into the orbit? Count me in!  But, I don't really see how that would be possible to write everyones name on the satellite... I would feel you would have probably 200+ names to write on a satellite that doesn't seem that big to begin with.

That's what he was trying to say.  If you develop a skill of becoming very good at that game, then you will have a higher chance of making money by playing the game, since their is skill involved and plus your gambling amongst other players.  If you become really good though, you can't just stick to the free games on there to make any substantial amount; you have to spend money to make money.