Hi,
Wishing you a very good day. It would be highly appreciated if you please change your signature code by new one provided.
Thanks
I just did, please let me know when you have a free spot. My details are a few posts above. Thanks |
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2- after 6 confirmations from other parties, your precious premined blocks are useless and won't be accepted anymore by the blockchain, never, ever ? Unless you're trying to say that he would make some sort of 51% attack forcing his blocks in the chain, publicly ruining the whole project for the gain of a pizza ...
That is what I meant. By mining in secret before publishing the genesis block, he could later post a longer blockchain and invalidate all transactions up to that point, even those in the second block. It is equivalent to a 51% attack, but limited to the first few weeks or months. (An entity with 51% of the total hashrate could pull the same trick starting at any block, since it could grow an alternative blockhain from that block faster than the rest of the network, and then their doctored chain would prevail on the legitimate one.) Without the headline in the genesis block, the other collaborators would have to trust him -- namely, that he cared more about an experiment (that he just started) than about a pizza. But the whole point of bitcoin is that one is supposed to trust the system without having to trust any authority, including Satoshi. The problem in this statement is that you dare to dispute the godlike status of Satoshi. How dare you. And even if you were right, the earthlings community would figure a way around this problem if it would pop up. |
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I assume that 95-99% of this forum would not have heard of bitcoin if the emission would have been infinite from the beginning. satoshis incentive design for bitcoin is from an economics perspective the schumpeterian wet dream for raising awareness for an invention.
For all I know, computer types were first attracted to bitcoin for the pleasure of helping to test a smart solution to an old technical problem. Then libertarians got interested because they saw in bitcoin a way to build an economy independent of government and banks. Then drug users and sellers adopted it as a way to pay for drugs without the DEA knowledge (so they thought). At some point, others noticed the value going up like crazy, and bought into it as a get-filthy-rich-quick scheme. I suspect that a majority of the people in this forum are from the latter group. The finite supply of bitcoins is important only for that group, because it is part of the argument that "proves" that the price will be astronomical one day. But it is not essential, even to them; that argument would have been only a little less convincing if the supply was programmed to increase 5%/year, forever. So much so, that they are not bothered by the current 5-10% inflation rate. It seems you were too late for the get-filthy-rich-quick scheme party and are now butthurt, but hey, you can still have an academic interest. Very true, I know a few people like this. They will capitulate when bitcoin reaches a price where no significant wealth increase is possible anymore. But hey, we, the early speculators can then offload all our gazillions of coins to them and become filthy rich. And then they get angry on the rich, trying to become rich as well. But they fail, because the majority is too late, as always. Without poor, no rich. |
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Gold design LitecoinCollector
Silver design LitecoinCollector
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The downtrend is not over, I still think we'll break $300, but for now we are in a little uptrend. Ride the waves mofos  My crystal ball analysis said exactly the same!  |
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Hello,
I want to join!
Status: Senior
Posts: 793
Activity: 350
Address: 1K9vcx2wAiS6gDeNZcjKfqJtZ7anYJWZe5
I hope there is a free spot soon!
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I just played with some free satoshis. I like to play the maximum bet. After my first win, with a 0,001 mbtc bet I increased to a 0,01 mbtc bet and won again. Then I increased to 0,1 mbtc and won again! But now I'm not able to withdraw   So although I was lucky, I'm not very lucky with withdrawing That's nice. The chance to get a "12" is just 1 in 36, you get it 3 times in just a few rolls. Has your withdrawal problem been solved now? No! I tried it on two different computers without success. I also did not get a response yet on my support question through email. I keep this thread updated. I just got a reply from support. Then I tried again and it worked. Withdrawal was successful |
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I just played with some free satoshis. I like to play the maximum bet. After my first win, with a 0,001 mbtc bet I increased to a 0,01 mbtc bet and won again. Then I increased to 0,1 mbtc and won again! But now I'm not able to withdraw So although I was lucky, I'm not very lucky with withdrawing That's nice. The chance to get a "12" is just 1 in 36, you get it 3 times in just a few rolls. Has your withdrawal problem been solved now? No! I tried it on two different computers without success. I also did not get a response yet on my support question through email. I keep this thread updated. |
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I just played with some free satoshis. I like to play the maximum bet. After my first win, with a 0,001 mbtc bet I increased to a 0,01 mbtc bet and won again. Then I increased to 0,1 mbtc and won again! But now I'm not able to withdraw So although I was lucky, I'm not very lucky with withdrawing |
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Hello, I want to join this campaign! I love precious metals and bitcoin so I will stick to this campaign for life!  My rank: senior post count: 789+ activity: 350 Please let me know if I can join. |
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I want to join.
fortune jack username: findftp
current posts: 788+
member level: senior member
Please let me know if I'm in it.
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Yes this is gonna happen again in same pattern.
ONly 1 question remains when.
Next year or when halving occur in 2016.
Yesterday I came to the conclusion that it is probably very closely related to the next halving. Although this is a foreseeable event, it will have some impact. The only question is 'how much'. |
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 I have no words. Awesome. Pure gold right here boyz. Wow, nice to see some things I haven't thought about before. Best quote "physical is fiction", it opened my eyes. |
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I did some crystal ball analysis today and came to the conclusion that I should stop buying bitcoin because we probably go to around $100 Earlier today I even thought it would be around 200 but my crystal ball came up with a new number just minutes ago. Lets hold them coins and only buy new ones at 100 You'll get 3 times more than with current prices! |
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edit: yes i got in early enough and am nowhere near a loss and still hodl more than i sodl.
Everybody on this forum got in early enough. At least, if count the people which actually own some satoshis. Not 100% there are people on this forum who bought around $1000, they got in, but too late should have some patience.There, fixed it for you |
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edit: yes i got in early enough and am nowhere near a loss and still hodl more than i sodl.
Everybody on this forum got in early enough. At least, if count the people which actually own some satoshis. |
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Hi,
I want to join this campaign.
username: findftp
payment address: 1K9vcx2wAiS6gDeNZcjKfqJtZ7anYJWZe5
rank: senior
post count: 782+
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I just turned bearish for the first time in my bitcoin life.
I've always been permabull but I sold my trade stack (3% of total) for fiat a week ago
I think there is a long way down first, at least to 300. If 300 gets broken we will go to 200.
I remain holder for the rest of my coins because I'm in it for the experiment, not to make fiat.
I sold because I want to buy back more bitcoin and repair all my previous mistakes.
My trade stack only got less and less and less, I hope to be right once.
That said, we probably see a mega bubble soon because I'm really really poor in predicting bitcoin price.
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Bitcoin address: 1K9vcx2wAiS6gDeNZcjKfqJtZ7anYJWZe5
Starting posts: 780
Forum Rank at time of entry: Senior
Please add me.
Also, does the one month count from the day a person joins?
edit: nevermind, just read it's full.
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Thank you for the two weeks payment.
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