I discovered the password to access the services of this website. The owner had used a password easy to find out, I think it is not so good with web development. However on sale this website and I can provide proof of ownership. You make me your offers.
Quoted for future reference. This seems flat out criminal. not only seems,it IS .........
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Interesting conversation. Several points: 1. it does not matter how high bitcoin will go. YOU would not be able to resist selling basically all of it at 10X appreciation to the price you bought it. It is impossible for 99% of investors to resist selling at ten-bagger, so maybe there will be few people like this, but just a few individuals. 2. in all these predictions, i could never understood what you all think the current financial elite would do: a. do you think that they will stay idly by and let a "new" elite get rich? b. if not, will they try to change the team-i don't think so, they are quite satisfied with the status quo. c. will they try to prevent this new future from happening-I am afraid so-just look at UK making lots of moves against bitcoin. 3. we might not like to be super rich with bitcoins for multiple reasons-safety is one, for example. depends on if it takes of or not.
If we assume 1% of the world wants bitcoins at some point in the future (and we divide it evenly among those people) that would mean each person would only have 0.295 bitcoin.
So by that logic, even having 1 bitcoin would be plenty.
At any rate, 10 bitcoin should probably be more than enough to retire on if you are not planning to retire for the next 10 years or so.
21000000/7000000000=0.003, no? So 3 mBTC each. since it will take 140 years to mine all 21 mil btc yes, but ~94% of all bitcoins will be already issued (mined) by 2024, a mere nine years from now. thats a positive imo nobody here wants to wait 140 years until btc is in wide circulation but hopefully the decreasing rewards + increasing transaction fees will incentivise the miners to keep mining if the current calculations are still profitable in 9+ years from now
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when "consensus" is reached which will be never ...........no way 100% of people are ever going to agree especially with trolls and fudsters who are just shouting for their own reasons ........
i guess we will have to go with the majority rather because a 100% agreement is impossible
no, reaching 99% to 100% consensus is certainly possible but you people don't know how to go about it - and i don't hold a large enough stake in btc to care to help you arrogant assholes out. Only you are behaving likea sack potatoes doesn't mean consensus can't be reached. I do know about the most up to date and advanced tools for consensus making but you are potatoes that have already their mind made up for chaos and war. And i don't care. Just to let you know most of you are stupid like a sack potatoes and there's enough things you are unaware of when it comes to finding consensus. Most of you can't even properly define it - including Mr. Andresen. do you some some fixation with potatoes or something ? this is a bitcoin thread maybe you should get back to your farm ASAP
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Currently altcoins with faster blocks can handle 10-20x higher tps than Bitcoin. When demand for higher tps increases, some of these altcoins may have chipped away some network effect by then. Would they then have the network effect advantage of already handling higher tps? Where is the analysis of block speed vs. size?
shitcoins will not overtake bitcoin i havent heard specific details from gavin but i was under the impression there will still be 6 blocks per hour and the only change is the blocks will be able to scale up to 20MB only IF AND WHEN there are sufficient transactions , 84,000 transactions or something like that...... I would like to know more details myself to be honest before voting on something i only half understand but i think everyone agrees 7 tps is not enough so its a matter of when and not if ......
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A hard fork would be a good opportunity for new players to get a foothold to replace those left behind.
how would anyone who has no coins now have coins after the hard fork ? Mining with less competition. the current mining pools with all the hashing power might have something to say about about that its not like theyre going to just quit and throw all their asics in the garbage just because the block size changes whichever chain is the strongest will be mined and the other disregarded ,i would say its probably going to be increased to 20MB whether everyone "agrees" or not ...... What hard fork did you think I was talking about? According to MP , tvbcof, et. al. many miners would not switch to the new 20M fork. many as in more than 51% ? the strongest chain is going to win i like theymos idea of setting a date say 2 years from now say february 2017 to increase to 2MB and then when we reach that date setting a new date of february 2019 to increase to 5MB blocks,increase to 10MB in feb 2021 etc
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it would only make the problem worse as people would be more incentivised to account farming to sell accounts that already the required number of posts for a high price
instead of having the real noobs on new accounts posting silly crap there would be peoplpe making a living posting silly crap and selling the accounts the noobs to post more silly crap ..........
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A hard fork would be a good opportunity for new players to get a foothold to replace those left behind.
how would anyone who has no coins now have coins after the hard fork ? Mining with less competition. the current mining pools with all the hashing power might have something to say about about that its not like theyre going to just quit and throw all their asics in the garbage just because the block size changes whichever chain is the strongest will be mined and the other disregarded ,i would say its probably going to be increased to 20MB whether everyone "agrees" or not ......
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Supercoin is super-fast. The fastest coin that I've used.
used for what ? (bar pumping and dumping )
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A hard fork would be a good opportunity for new players to get a foothold to replace those left behind.
how would anyone who has no coins now have coins after the hard fork ?
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depends on if it takes of or not.
If we assume 1% of the world wants bitcoins at some point in the future (and we divide it evenly among those people) that would mean each person would only have 0.295 bitcoin.
So by that logic, even having 1 bitcoin would be plenty.
At any rate, 10 bitcoin should probably be more than enough to retire on if you are not planning to retire for the next 10 years or so.
21000000/7000000000=0.003, no? So 3 mBTC each. since it will take 140 years to mine all 21 mil btc and a lot of wallets and coins will be lost forever (like satoshis million etc ) and population might double in this amount of time theres not a hope that everyone could have 0.003 of a btc also no hope of fair and equal distribution ,there is always going to be people like winklevoss with billions of dollars worth and people with hardly any or even none
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i had the opportunity to buy coins in the $2-6 usd range in 2012 i bought 5k btc as that was as much as i was willing to risk 3 years ago if i knew everything that has transpired since i would have bought MOAR but what can you do ...... even back then as soon as i saw it i knew it was modern equilavent to the invention of the lightbulb or the telephone but there was no stores accepting it back then except alpaca socks and and a few obscure retailers selling things i would never buy anyway its growing at monstrous proportions although this isnt currently reflected in the coin price i believe it soon will be
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Bitcoin is money, and money is just a tool. Money by itself has no morality and no sides.
If ISIS succeeds in whatever ISIS is doing it will not be because of the currency of their choice.
But to raise funds, they use Bitcoin. Bitcoin will be in the limelight negatively... again. since they are in control of most the oil wells in syria and iraq its been estimated they are making 1-3 million dollars a DAY selling oil on the black market this revenue has NOTHING to do with bitcoin if anyone in the west is stupid enough to send btc to an ISIS address they will probably get a visit from a swat team shortly after so i wouldnt worry about more FUD in the news Oh.. I thought you can deal anonymously through bitcoin? you need to do some more reading my old chum..............its not quite as simple as that
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Bitcoin is money, and money is just a tool. Money by itself has no morality and no sides.
If ISIS succeeds in whatever ISIS is doing it will not be because of the currency of their choice.
But to raise funds, they use Bitcoin. Bitcoin will be in the limelight negatively... again. since they are in control of most the oil wells in syria and iraq its been estimated they are making 1-3 million dollars a DAY selling oil on the black market this revenue has NOTHING to do with bitcoin if anyone in the west is stupid enough to send btc to an ISIS address they will probably get a visit from a swat team shortly after so i wouldnt worry about more FUD in the news
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Its funny looking back at the first page of this thread how many posters haven't logged in for a long time even years for some. I wonder how many made a fortune but haven't been back here to where it all started.
A lot of them have been sitting on a huge paper profit. Some realized this profit by selling most of their coins and are enjoying a better standard of living. I imagine they fall into 3 camps: 3) got REKT holding in one of the major exchanges, most notably Gox A ton of large scale early adopters took huge hits in the Gox debacle, unfortunately. even before GOX the early adopters lost tens of thousands of coins in ponzis like the BTCST and bitcoinica scams etc a lot of the most prominent members a few years ago have disappeared or maybe theyre still here reading or using new accounts its possible they cashed out 100% and "retired" but i doubt it and anyone who cashed out at $1200 would probably buy back in now at 2xx and wait for the next moon rocket
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when will this "fork" is going to happen?
when "consensus" is reached which will be never ...........no way 100% of people are ever going to agree especially with trolls and fudsters who are just shouting for their own reasons ........ i guess we will have to go with the majority rather because a 100% agreement is impossible if this is implemented in the next version of bitcoin core and people are still using the old version will there effectively be two chains being mined at the same time ? what happens to people who dont follow btc everyday and leave their coins on the old chain which maybe orphaned after the new chain gains momentum ? is there any possibility to lose coins that have been in stored on the "old" chain ?or any risk of transcations being rejected from orphaned to new dominant chain ?
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about time someone stepped up to wipe out this scum ,i hope they kill them as unmercifully as ISIS has killed all the hostages so far .........no prisoners of war and no courts plz
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Landon(theBoffin) is named in the Syscoin High Court action(bankruptcy proceedings) going on at the moment. Thoughg him being in the US and the actin in the UK means he prob gets away scott free! i agree he should go down, or at least face some tough questions. As far as i can see he has done nothing apart from keep quite and hide!
he could easily be charged in the USA for fraud as he opened bank accounts and fronted for a company which he likely knew was a scam there is no criminal proceedings the uk either as far as i can see ryan kennedy has not been arrested either they are both scott free and probably posting on this thread under differnt accounts as some of the posts are highly defensive imo Nothing happens "easily" in the US legal system. Give it up. MoolahMintPal is last year's news. Nobody cares anymore. Stop acting like the pathetic dead-enders still chasing the LabCoin dude! The hot new scandal is GAW/PayCoin. Next time: 1) invest in Monero instead of shitcoins like SYS and the other crap Mintpal offered, and 2) keep your Monero safe in an offline wallet on a USB key nobody gives a fuck about shitcoins ,its the 5-6k btc that were stolen that is the only signifigant part of this scam
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1-2 million is not alot of money these days?
In some countries 1-2 million is only middle class (a small house costs that much). Not everyone lives in a third world Country. Even 5 millions are not enough to retire here at the age of 30. But a 60 years old could probably live with that amount without working till he dies. You are overestimating a little. Swiss median net monthly salary for a full-time worker is 5495 CHF ($5973). Working from 18 to 65 this amounts to roughly $3.4 million. If you can't retire on that at 30, then you need to cut down on your hookers. Swiss has very high revenue taxes. Combined with high indirect taxes as well. Overall taxation levels are very high in the Scandinavian countries. since when has Switzerland become a "Scandanavian country" ?
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#1, nobody got rich quick in Bitcoin. Not even the earliest adopters. They had to wait longer than you've been waiting.
i actually did but more through dumb luck than anything else ,i bought about 5k btc between 2011 and 2012 for not much i actually forget about having them at one stage because i was busy doing other things and then suddenly saw bitcoin on the news or something in the great chinese bubble of 2013 and was able to retrieve my wallet.dat files So you had to wait more than a year, which OP is unwilling to do I think I got to know about btc in the summer/autumn of 2012 and I read a lot about about it and was very impressed, coins were still in single digits and I bought them and forgot about them until maybe November 2013 when the epic rally was starting and thank god I still had the wallets, I think they were $250 when I updated my wallet and the rest is history but I still think this is really early days in relative terms and there is a ton of money to be made
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#1, nobody got rich quick in Bitcoin. Not even the earliest adopters. They had to wait longer than you've been waiting.
i actually did but more through dumb luck than anything else ,i bought about 5k btc between 2011 and 2012 for not much i actually forget about having them at one stage because i was busy doing other things and then suddenly saw bitcoin on the news or something in the great chinese bubble of 2013 and was able to retrieve my wallet.dat files
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