I really like bitcoin as an idea, but I have a problem with the it's long term viability. If bitcoin were to be used as the main currency, and all goods were sold on a bitcoin market, wouldn't all the early adopters be USD trillionaires? It seems counter intuitive for people who contributed relatively little production or innovation to be trillionaires, considering that the founders of Google, Microsoft and Apple have made significantly less for their innovations.
I doubt, early adopters selling Bitcoins on the way up many years already
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BTC star crashing last night but this morning gone up again seem that 1k is the for now until christmas and new year then it can go higher maybe 1.5k
The price means nothing. 1k means nothing if someone sells 1000btc price will go down 100$. Stop looking at price alone and start checking market depth. Nah man trade volume is to high, nee much more than 1000 btc to crash the market like that. Imagine someone who mined 100,000 btc in '09 as a hobby then forgot about Bitcoin and only now with all the media attention they would think of it again. They don't know anything about markets and dump the entire amount on Gox and sell it in one go. What would that do to the price? It would crash almost to 0, but the price would recover to 100$ the same day as people with money left on exchange would compete to buy cheap Bitcoins. Later when new money deposited to exchange, price would recover to the one at other exchanges within a week
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I'm definitely a newbie when it comes to crypto currency. It's fascinating to see how fast this is evolving. But as far as I know, crypto currency is still a currency and not money, because it holds no intrinsic value.
Will it ever be possible to have a decentralized crypto currency backed by (centralized) assets like gold and silver?
In other words, will crypto currency eventually become real money?
Maybe you will be surprised, but the real money like USD is backed by trust only.
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Ha nice find! I guess they asked few wall street traders about final stable price and used the average (mean)
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It seems that you don't understand that avoiding the fees means avoiding the transactions to be completed whatsoever.
Not always, if you send transaction without fee and you see it on blockchain.info as unconfirmed, there is always chance your transaction will be confirmed .
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Absolutely not, waste of time
Why would anybody give you 1k for free?
True but some people in the past have claimed to have made at least 1 bitcoin. Maybe one year ago when price was 15 USD / BTC How Many BTC Have You Made From "Free BTC" Type Sites? https://bitcointalk.org/index.php?topic=293829.0
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who uses faucets? have you made 1 bitcoin?
Do you find it worth it?
No it is impossible to accumulate 1 bitcoin using faucets these days. It is not worth it unless you enjoy submiting captchas
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I'll give OP a bitcoin if it hits $1000/BTC this year. Will not happen. Time to necro another thread BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt Nice, just a reminder: never say never So it is $1000 just for a prediction, nice! I might start $100,000 for next year
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would it recommended to buy a bitcoin now? on Coinbase, it takes 4 business days (so on Dec. 4 you get your bitcoin?)...that's risky huh?
True, you need to buy at real exchange instead - if you have funds there it is instant
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Bitstamp is best choice for exchange, big + most reliable, thats why increased demand there
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Dont mine for Bitcoin (waste of time)
Lol, depends on price of equipment. For first Avalon users = golden mine. But you must buy the ASIC cheap to be profitable today
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Are we talking about a post-apocalyptic future, where don't expect electricity to return? I'm pretty sure everything will lose value, except food and other necessities. You mean food production capacity is best investment today ? Becase foods can will not last long.
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I'm truly devoted, but if the fucking Bitcoin Foundation is going to cooperate with the US government to regulate Bitcoin and try to stop the implementation of ZeroCoin or CoinJoin then I say good bye! Changing Bitcoin protocol by Bitcoin Foundation to regulate Bitcoin would mean forked blockchain, and existence of two Bitcoins alongside. This would be scary
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Dont worry about spending your Bitcoins, you dont wait for buying new comp forever as well to get better for the same price
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Around $1000 Im confident many will sell at this price, so I feel big crash comming soon
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No need for nuclear war : a severe enough Internet failure could be enough.
Huge unexected solar storm could turn down electricity down for months worldwide. It would be big punch for Bitcoin and whole economy as well.
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13GB is not much to download. 100GB would be size I would reconsider using Electrum client instead.
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honestly if I was a noob i'd get coin from btc-e and with draw then good night vienna. I'm holding from there on in.
The only problem for me is transfering USD to btc-e. What do you use to move your USD there?
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