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1241  Economy / Speculation / Re: Paypal will now look after BTC price - bullish on: September 26, 2014, 02:44:40 PM
As big players with big names enters, their wealth is on the line, so they will do whatever is on their hands to try to keep the price going on henceforth. Remember, whales are our friends, as long as whales are here for long term purposes.
1242  Economy / Speculation / Re: My mother's a psychic, here's what she says about BTC on: September 26, 2014, 02:38:33 PM
I have this information since spring this year, don't ask me for proof as I won't give any.
You don't need to be psychic to realise that Bitcoin may not be the dominant crypto in the distant future.

As for no more bubbles... she is wrong I am afraid.

Source: my Gran.

Why it wouldn't be the dominant crypto in the distant future, tho?
What is Bitcoin doing wrong that another coin would do better?
Thats what should be asking, not some psychic stuff.
1243  Economy / Economics / Re: Would u pay in bitcoin? on: September 26, 2014, 02:24:39 PM
Yes, I would.
If everybody just hold bitcoin and never spend, why merchants or anybody would want to offer bitcoin as payment option?
Of course, I will spend my Bitcoin wisely, and try to save something for the future

Why would you, tho, just for the sake of hoping this contributes the price going up? Or because you really needed to use Bitcoin to buy that? See, thats why we are crashing. Theres always an element of speculation in every single Bitcoin though.

Right now I see it as advertising for Bitcoin.

When the dollar is crashing, and inflating to the moon, and banks are 'buying in' to pay off their bad loans, people will be wanting to stick their wealth somewhere where it will be safe.  And now you can pay your Dish Network bill with it, as well as a lot of other things.  

Given we will have to print fiat to the moon for our present federal budget, the value of our energy/creativity/life/time, or 'wealth', will be in jeopardy.   That IS going to happen.

Bitcoin will be there, and it will be a world currency with inherent value.

BUY AND HODL.

Indeed, Bitcoin may be a potential safe haven in such a scenareo, but he's right tho, why would someone spend? Bitcoin seems to me like exactly that, a safe place to store your wealth in a world were banks can fuck you up at any given time, but let's be realistic, can be Bitcoin considered a currency when most people that gets into Bitcoin are going to Buy and Hodl? I reckon the small % of people spending Bitcoin for goods are wealthy Bitcoin people (super early investors) otherwise it seems like a waste of money.
If people do not spend/use their bitcoin for anything then the bitcoin economy will not prosper. If the bitcoin economy does not prosper then there is no reason for bitcoin to have any value in the first place

But how can you expect people to waste their btc in commodities that can be adquired with fiat? because it feels like exactly that, a waste. Its like buying gold, then going to the supermarket with gold.
1244  Economy / Economics / Re: Dollar coming to an end on: September 26, 2014, 02:15:32 PM
what will rapers rap about when dollar collapses?

Bitcoin and rap are not too correlated at the moment https://www.youtube.com/results?search_query=bitcoin+rap

The American Black community is not using Bitcoin as much as the White?

BRICS already leaving the dollar


Brics are leaving the USD and the next coming years will see those who produce, save and live within their means get rewarded; those who live in credit, well, you know what will happen to them, they will find excuses  to their problems

Let's be realistic for a second... bitcoin is inherently nerdy, too technical, it will never be cool to rap about bitcoin, therefore, dollar will always survive.
1245  Economy / Economics / Re: Why is Paypal accepting Bitcoin a good thing? on: September 26, 2014, 01:46:41 PM
they will eventually dump at some point, i'm not really convinced that this adoption will be a good thing

What do yo mean dump? What are Paypal really risking by accepting BTC? It's only benefits imo, since no one really needs to be there doing anything, they don't need to hire much people to get this to work.
1246  Economy / Economics / Re: In 10 years, when BTC is mainstream what % of people will own 1 BTC on: September 26, 2014, 01:40:38 PM
1% of world population = 70 millions of people.

There will be 21 millions bitcoin , so more than 1 btc per person for 1% of population is not possible due to something called maths Wink


So people going to have only few sats instead of bitcoin.
It is good to us Wink

yes, once more people realize this, they will also realize that $500 is a real bargain.

It's basically investing a minor part of your income now (for many, it's not even a monthly wage) for a chance of having an extremely large share in the future of money.

If you lose, well, big deal, it's just some pocket money you lost.

If you win, you'll be richer than today's millionaires.


This sounds like basically the lottery to me. And we have greater chances to die poor if we are supossed to wait for BTC to go 1 million dollars.
1247  Bitcoin / Bitcoin Discussion / Re: BTCT.com hacked and lost 107 btc on: September 26, 2014, 01:34:28 PM
This is getting ridiculous. Would be cool to have some kind of graphics or statistic about stolen coins in similar services. I think im going to have everything in Bitcoin QT and forget about it. Too much risk.
1248  Bitcoin / Bitcoin Discussion / Re: 2,300 billionaires, each holding $600m of cash on average on: September 26, 2014, 01:04:12 PM
Switzerland have way to many billionaires.
It's ridiculous and really fishy how that small land has gathered so much money, I dont believe for a second there isn't something else going on.
1249  Economy / Economics / Re: Bitcoin is backed by blackmarkets on: September 26, 2014, 12:56:10 PM
Alot of the demand for paper money comes from the fact that you need it to pay taxes to the government, you can't use anything else.

what exclusive use cases does bitcoin have? internet black markets.

you can't use fiat on internet black markets because of the paper trail it will leave, you HAVE to use bitcoin (or some other crypto but for simplicity sake lets say its bitcoin because its the most liquid and has the most secure network in terms of hashing power).
bitcoin is the only way to send money over the internet anonymously, all other methods require interfacing with the banking system which is highly traceable.

so assuming the world drug business remains illegal, and most of it moves from dangerous physical black markets to much safer internet black markets like silkroad, that is very bullish for bitcoin.

we're talking about a huge industry that will have to use bitcoin and will create constant demand for it.





There are going to be bad uses of about everything, just like TOR and i2p and whatnot, this doesn't discredit the whole technology, it's absurd to think like that.
1250  Economy / Speculation / Re: Satoshi Prediction, he is right!!! on: September 26, 2014, 12:42:04 PM
Flagged for speculation. Goodbye shitthread, and good riddance.

Fiat exchange value is the LEAST interesting thing about bitcoin.

Fiat exchange value is the LEAST interesting thing about bitcoin.

Fiat exchange value is the LEAST interesting thing about bitcoin.

Fiat exchange value is the LEAST interesting thing about bitcoin.

Fiat exchange value is the LEAST interesting thing about bitcoin.

Fiat exchange value is the LEAST interesting thing about bitcoin.

Fiat exchange value is the LEAST interesting thing about bitcoin.

Fiat exchange value is the LEAST interesting thing about bitcoin.

Fiat exchange value is the LEAST interesting thing about bitcoin.

Fiat exchange value is the LEAST interesting thing about bitcoin.


The interesting thing is to know it's purchasing value... but how does one decide how much can 1 BTC buy if you don't compare it with FIATs?
1251  Other / Off-topic / Re: FREE Hugs on: September 26, 2014, 12:32:23 PM
Would enjoy a hug as a poor newbie, ideally from Emma Glover
1252  Other / Beginners & Help / Re: Some one is sending me BTC 0.00000001 , Why? on: September 26, 2014, 12:22:58 PM
Change BTC address and don't let them discover your address again?


No... as I said above, apparently what they're doing is "screen scraping" valid bitcoin addresses AS they FLOW thru the BLOCKCHAIN.

So USING an address in any way makes it catchable by these idiots.

I have had single-use disposable addresses (on casino website, for example) that have shown up .00000001 immediately after ONE transaction has gone thru it.

I can confirm this. I've changed my address a ton of times and they all end up recieving this misterious Laxo Trade 1 satoshi transaction. Now I only need to create 1 million addresses to achieve 1 BTC  Roll Eyes
1253  Other / Beginners & Help / Re: how to earn some quick btc on: September 26, 2014, 11:56:39 AM
It seems most ad signatures pay dogshit. Primedice used to pay a decent amount, the rest... too much posting needed, way too much time, one could make more working in McDonalds so to speak.
1254  Other / Beginners & Help / Re: Somebody has sent me 0.00000003 BTC on: September 26, 2014, 10:38:26 AM
Hi, i have got something similar today, but its 0.00000001, message receipt says "Laxo Trade", i have no idea what that is. Anyone knows?
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