Greece can print billions or trillions drachmas to pay the debt. Its very easy. They dont need euro or dollar.
This wont end until Greece is taken off life supprt. Which means an EXIT, of course. Is there any opther option? Apparently the Troika is willing to keep talking, and to bleed Greece dry for as long as it takes. Therefore a Greek Exit is only likely to come when half-a-million citizens stage protests and riots in Athens. This probably will happen! |
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Everyone is a slave of fiat as long as that person has to pay for things in fiat and has to get paid in fiat. This means you can actually live outside the system, if you get paid in Bitcoin, and pay everything in Bitcoin.
But of course, as we know, this is still a very tiny minority who can get away with it. All it takes is raising that %.
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I don't think so, but the price may be........
bitcoin is tied to its price, so if one die the other will follow, at best you could say that its technology will remain alive, even if it die, which could be used with another project in the future It will not die, the network effect is too strong for Bitcoin to die at this point. It's like saying Gold will die because of an huge crash. Bitcoin has no severe design flaws for it to be able to reinvent itself, even if doing so requires hard forks. |
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did some quick looking around on hard drives, one on the "customers also bought" section looked alright, what about this one? the max capacity is a tad smaller (6 GB down from  though. Do you know the read/write speed, overall quality, average lifespan or any other differences between Seagate and Western Digital drives? Thanks. Seagates are known to break faster, or at least the desktop line. I would go for WD Red, probably better than the Caviar Green. Or the Toshiba ones, which use parts from Hitachi anyway, so they are solid drives. If you just want to store blockchain get NAS ones, not fast ones (7200+rpm) |
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Actually, most rich guys aren't specially intelligent, just are at the right spot doing the right thing. And just like that, chances are you'll be doing the wrong thing and lose money.
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Looks like the more centralized/scammish a coin gets, the faster the transactions.
Yeah, the true challenge is having coin with a huge network and decentralized, with fast confirmation times and big volume of transactions. 20MB is shit nothing tho, it's only buying us time. We need a true solution to avoid future forks. |
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Admiral_Bit, another FUD altcoin. Can you make it less obvious? i have counted at least 20 alt accounts of the same guy creating new FUD threads everytime there is a negative Bitcoin new, yet they disappear when there are good news happening.
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People said that the price wasn't moving back when the BTC price was $600 or so in June last year and were proven wrong after the price suddenly tumbled a few months later. Then people said that the price wasn't moving when it was at $450 for a couple of months as well before it tumbled again. Example: One of the distinguishing characteristics of Bitcoin is that it is extremely volatile. This has always been the case until the past few weeks when the price seems to have stabilized in the 400-600 USD region. Of course such a wide range would still be considered extremely volatile if Bitcoin was compared to fiat currencies but do you think that Bitcoin is in the beginning stages of finally converging onto a stable price? Or do you think that there will be more bubbles and crashes in the future?
Link: http://bitcointalk.org/index.php?topic=621909Then it was in the $300's in late last year and the same thing happened... And now it's been hovering in the $200's range...  I think 2012 was the best year for Bitcoin. The big crash of 2011 from $33 to $3 drove all the speculators away which resulted in the price increasing in a gradual way from $5 to $13 as opposed to a series of spikes and crashes. Development was still very active, services were being developed, and new people were still entering the BTC community. I used to think that 2013 was the best year for Bitcoin because the price exploded so much in that year but in retrospect, for such a huge price increase to happen so early on in its development was far too premature and I would have preferred a gradual price increase like the one we saw in 2012 instead. An earlier post of mine that's kinda related: I blame the bubbles. What would have worked well is for Bitcoin to have gradually gained interest and mainstream adoption. Then the price would reflect this growing demand and the market cap would increase at a steadily rate that would have made the inflation irrelevant. Look at what happened in 2012 as an example. Bitcoin slowly appreciated in price in a sensible manner. Instead what we got were a series of bubbles, bear markets, and butthurt "investors". Bitcoin isn't the problem. We are.
Link: http://bitcointalk.org/index.php?topic=921887.msg10125646#msg10125646There has never been a stability as long as the 200 besides the 5 USD one. From now on is smooth sailing on the 200 territory for a long time before the next floor is established after an huge pump. Of course, we'll have dips along the way, for example, people panicking about blocksize and whatnot. Meanwhile mainstream media has no idea what blocksize is, it will get solved and no one but the Bitcoin geeks will know what the blocksize problem ever was. |
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I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.
in the end none will collapse, i don't remember any collapsed fiat in the past, and there was a bigger crisis than this(wall street crisis if someone remember) You don't remember because it happens about every 70+ years. But for now no dollar collaspse. The US stock indices aren't even down to where they were three couple ago. At the beginning of April the Dow was at around 17,700 and the NASDAQ was at 4,317. you are right there was some collapse, around 1932, but those fiat weren't big fiat on the first place, so i should rephrase my comment, to something like, it never happened that a big fiat currrency like usd or euro was ever crashed in the past? Currencies have crashed in the past, they just came around fixing it. The problem is now we are on a dead end where global debt is too much to simply keep on going indefinitely. Currencies of earth leading empires like the roman empire have collapse. Everything could happen. It will be a controlled collapse if anything. |
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This sounds like shit Alex Jones would say. I think the guy is genuine and he wants to keep Bitcoin alive and decentralized. Now if that is the best solution or not is yet to be seen. But we don't have many options until 2016 when then it will be a gamble to see what happens once we reach 1MB of stress.
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I got into Bitcoin in 2011 but only really started to believe in 2012 and mounted up my Bitcoin during mid 2012. I'm unsure what im going to do at the moment. I might just sell 50% of my coins to avoid losing too much money. wait until the dust settles and if I feel that the economy is going to pick back up I'll buy back in. but ill keep my other 50% coins just for holding.
I may move some of my coins until the blocksize thing is changed and guaranteed a stable future of transaction volume capacity. May get more XMR , looking pretty cheap now and shouldn't be a victim o the same problem. |
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What are you thinking about now? I would hate to be in your shoes at least when I purchased my share in Bitcoin they were below the current price but I do regret not selling at least 25% at $1000 now.
You would never know what would happen. A man that sold his Apple stock in 1985 thinking he was making a great deal would kill himself if he knew how high it would eventually get. |
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Most people still think gold as safe haven, for example take Greece. Anyone holding CDS on Greek debt will be looking for their sacks of gold. The bond guys surely can't claim this is anything but a default event, can they?
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I think it depends on the country you leave, in some countries banks pay good interest for your money so there is no risk and sure it is better than saving it
There is always risk including when you leave money in your bank. Tell the guys on Cyprus if there was no risk on leaving your stuff in the bank. Also, interest rates pay nothing. Unless you are already rich and inherited, I don't see how leaving all of your stuff on the bank is going to benefit you more than it does benefit the bank. While you make peanuts off interest, rich guys can live off bank interest only even if they are single figure %, only because they have so much that it creates a solid passive income. |
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Im undecided. I don't want a fork, but then again, I don't see any of you proposing anything better.
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This is the situation and what we know:  So we are heading towards a dead end. Now, Gavin has proposed a fork of 20MB. That's a proposal. I don't know for how long would 20MB last for. Ideally, it should be able to deal with all the world's biggest electronic payment platforms transactions convined, so, can 20MB deal with a volume of for example, Western Union, Paypal, Mastercard... and so on and so on, combined? Because that is were we should aim at for the future. Bitcoin must be able to engulf all of that volume within itself to become the #1 electronic transaction method on the planet. Everything else is bullshit. Will 20MB be enough for this or we will need ANOTHER fork in the future? If 20MB is enough, it's a reasonable proposal. Sure, forking sucks, but im not hearing any other realistic solutions. Of course, like I said before, im assuming 20MB is the definitive fork. We can't be forking every X years, that's just retarded. What is not reasonable, is making a ton of FUD threads, saying how Gavincoin will kill BTC, while implying staying with the 1MB blocksize limit is all fine and dandy. So everytime you say Gavin's proposal is shit, explain why AND propose your own solution, otherwise you are just spreading cheap FUD. Another question I have: What is Satoshi's view on this? im sure he expected this to happen, so I guess he had an opinion before leaving. |
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in the current scenario litecoin is a safe haven if the sky does fall for bitcoin over this fork.
Why? In any case Litecoin is a pretty abandoned coin (look at its reddit activity) that may or not may get a huge pump and dump in the coming months only because it is the original altcoin so to speak. |
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Big players are fine accumulating small amounts of coins everyday out of the 3600 mined. And doing so things are quiet and price stays low. Can only keep a lid on price for so long though.
Yeah, thats exactly what they did with Vertcoin before the recent megapump, whales adquiring a lot of cheap Vert. Same they will do with Maidsafe, get tons of MAID for months while the price is low before they skyrocket it. |
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Everyone has an opinion, but the last 2 market meltdowns happened when the Fed was in the of a middle tightening cycle. Until that happens, the market will not see a major correction.
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I consider silver to be a better store of value than gold if you are going to buy a precious metal. The reason I say this, in spite of silver's additional volatility, is that there are MASSIVE secret stores of gold all over the earth, meaning they can more easily drop the price by flooding the market.
Gold is not consumed very often in industry compared to silver, so more and more of it is in supply over time. Silver on the other hand is literally even more rare than gold (above ground and available for consumption), and it is an irreplaceable component in many modern electronics, which ultimately end up in land fills, removing it from the supply. Due to the constant inductive force of the industrial uses of silver, it is more difficult and less likely for large hidden stockpiles to be able to flood the market.
The big problem with silver - and, indeed, every other commodity - is that the stock:flow ratio is wrong for use as money. It can still be a store of value, or even a good speculative investment, but because there is (and has been) so much industrial demand for silver the ratio of existing:production is all wrong. |
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