Video Card: Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) ($269.99 @ Newegg)
Video Card: Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) ($269.99 @ Newegg)
Video Card: Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) ($269.99 @ Newegg)
Why does your description say 7950? But the op 7970? Because I based my build on what he actually purchased (based on the product descriptions that he linked), not what he thinks he purchased. So you're saying you think I'm gonna receive a product other than what I purchased? I'll just open it up and see it's not what I purchased and get a refund so I don't see the incentive for that. Also on the site you can customize it with the 7970 which I did. I don't know if I should stick with the 7970 for the marginal gain in hashing or go with the 7950. What say you? He's claiming I'll get 2000 kH/s. For my first foray into mining I don't see how it's so bad, as this probably wont be where it ends. This would be my reference build, what I'll probably end up doing is building my own based on the reference build but I have some concerns. How hot do these things run? How many maximum video cards can I put in? How much electricity can my home which is old take from running these things 24/7? How many realistically can a person run at a time in an average house with aging wiring? If it's clearly profitable, I don't see why I wouldn't build 4-5 of these 6 months from now but at the moment there is too much I do not know and I don't have the money or time to experiment until summer. |
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why didn't you build it yourself? Its not that hard to put 3 cards in a mobo.
I could have, but how much money would I really have saved? And what is more important, time or saving money considering this thing probably pays for itself in a few months and I have 6 months to pay (I used credit)? My goal was to get into mining ASAP with the least time investment. Considering I could build it myself it would also mean it would cost in terms of time which could be spent mining. The next one I probably will build myself based off this one if I need a next one. PCPartPicker part list: http://pcpartpicker.com/p/QPv0Price breakdown by merchant: http://pcpartpicker.com/p/QPv0/by_merchant/Benchmarks: http://pcpartpicker.com/p/QPv0/benchmarks/CPU: AMD Sempron 145 2.8GHz Single-Core Processor ($35.98 @ Outlet PC) Motherboard: ASRock 970 EXTREME4 ATX AM3+ Motherboard ($98.98 @ Outlet PC) Memory: Patriot Signature 8GB (1 x 8GB) DDR3-1333 Memory ($41.98 @ Amazon) Storage: Western Digital Caviar Blue 80GB 3.5" 7200RPM Internal Hard Drive ($29.99 @ Compuvest) Video Card: Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) ($269.99 @ Newegg) Video Card: Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) ($269.99 @ Newegg) Video Card: Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) ($269.99 @ Newegg) Case: Cooler Master HAF XB (Black) ATX Desktop Case ($89.99 @ Newegg) Power Supply: Antec High Current Gamer 900W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($129.99 @ Amazon) Total: $1236.88 (Prices include shipping, taxes, and discounts when available.) (Generated by PCPartPicker 2013-04-15 06:38 EDT-0400) You would have saved over $1000. Can you cancel your order? Why does your description say 7950? But the op 7970? Because he's customizing it with 7970 and overclocking. It could be hype but I cannot cancel my order because it's ordered on credit and not everyone will accept my credit. If I cancel my order and no one else takes my credit then I just can't mine until I have the cash in the bank (and I'm broke). Long story short, my credit is not good enough to order any other way. Buying individual parts and building it myself might be cheaper but it might not be possible and since this order went through and I don't have to pay for 6 months it's not going to make a difference. -$1000 for 2 month mining advantage is what I'm paying for. On top of that if I really had to I could probably sell the rig and get most of my money back or give it back to him for a refund. |
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If we buy that how long before it's obsolete?
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why didn't you build it yourself? Its not that hard to put 3 cards in a mobo.
I could have, but how much money would I really have saved? And what is more important, time or saving money considering this thing probably pays for itself in a few months and I have 6 months to pay (I used credit)? My goal was to get into mining ASAP with the least time investment. Considering I could build it myself it would also mean it would cost in terms of time which could be spent mining. The next one I probably will build myself based off this one if I need a next one. |
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There's nothing more decentralized than notes and coins... everybody has some in their pockets. So my guess is that to make a decentralized exchange engine what you need is to create an app that, installed into a mobile, allows shops to become exchange houses.
To make this possible the idea is to reduce it to the simple: the app would only report succesfull transactions into a p2p network.
And would have the ability to calculate the (average) price from all reported transactions.
END.
Then we can develop solutions to connect to that p2p network and exctract the price, draw charts or whatever...
With this done... you would go downstairs to a bar, and buy some bitcoins.
Remember: When you sell bitcoins, you send them to a bitcoin address, which in this case is shown by the app, that's how it tracks a succesful transaction, and reports it to the network.
http://www.247btc.com/bitcoins/134/how-i-would-manipulate-the-bitcoin-exchange-market-and-how-a-discrete-double-auction-could-stop-me/ |
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A while ago, I saw a news item about cell phone minutes being used as currency in some African nations, because the local currency was either nonexistent or more suitable as kindling for firewood. It occurred to me that Bitcoin would be a superior substitute. I've been a Bitcoin evangelist in my own way for some time, but it's difficult to get people to care about something they have to use specialized software to interact with. Additionally, a good friend of mine, also a programmer, didn't happen to own a "smart" phone capable of directly interacting with the Bitcoin network. Which limits utility-- if I run Bitcoin at home, and he runs Bitcoin at home, how do we settle the lunch/bar tab, if one of us is buying and the other wants to pay the difference via BTC? He could give me an awkward 34-digit alphanumeric code, ... Or... he could give me a phone number. I've built a Bitcoin wallet I've called PhoneACoin that uses phone numbers as a proxy for Bitcoin addresses. Once you transfer funds into PhoneACoin, you can send Bitcoin to phone numbers via SMS (text message) commands. The recipients can then turn around and do the same, or withdraw funds to their personal wallets. It charges a small fee for in-network transaction, but that fee is typically less than the current Bitcoin network fee. (Until recently, it would have been less than half the Bitcoin network fee; now it's comparable.) Transfers are validated by asking the sender to confirm transfers via 6-digit code. I've put a lot of thought into the security of this system, and done a lot of defense-in-depth of the systems I've created. I understand that SMS isn't 110% secure, but I expect people to put relatively small amounts into a wallet system, and will detect scatter/gather extraction systems. I also understand that phones can be lost or stolen, but have allowed for people to withdraw funds to their (preconfigured) Bitcoin wallet addresses using only their website password. So my question is, what have I missed? Why hasn't someone else built this? While this may sound like a bit of a shameless plug (and perhaps it is), I mostly just want feedback before I attempt to publicly launch. The website is up and functional at https://phoneacoin.com/, and the system is online. (Deposits require three confirmations.) It is my fondest hope that this system will help bring Bitcoin to the world. Thanks in advance for any/all feedback, positive or negative. Can you add support for Litecoin and PPcoin in the near future? It wouldn't take much effort for the ROI. |
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I was on a satirical over the top website called the obama forums. We would act like Obama supporters and big Democrat supporters throwing out straw men left and right only to have conservatives who could not see through the obviousness go nuts (and threats of lawsuits from a certain jewish organization).
We put one post up there about how we need to have the government censor various right wing websites. We mentioned Alex Jones' website as one of those sites.
He went on his show shortly thereafter talking about an Obama web forum that was trying to shut down his website.
At the very least he does not do his due diligence to check the validity of what he reports. I could go to my Spam folder in my e-mail and report some pretty amazing stories of things going on in the world. But that is about as believable as anything Jones spits out.
I tend to see two types of libertarians, those who understand that government just does not work. That pouring more money into something only makes things worse (including wars). Then there is the Alex Jones conspiracy types who believe that government works so well that they are responsible for EVERYTHING in this world down to the color of the juice you drink (blue is turning you gay because the NWO wants you to be).
The conspiracy types tend to fight with us against big government, but for different reasons. But they get in the way when trying to have a rational debate.
Alex Jones isn't a real journalist. He's not an investigative journalist. He's not connected and doesn't have a legit background. Max Keiser has a legit background, he worked on Wallstreet and started virtual currency businesses way back with the Virtual Stock Exchange. Max Keiser is legit. Alex Jones is a fraud who never really had any credentials in anything that he discusses. Have any of you looked up Alex Jones background to discover his lack of credentials? For someone who claims to know what the global elite is doing he could at least be a former elite or related to someone elite or have worked for someone or something elite. He isn't even from an ivy league background. I'm not saying you have to be from an ivy league background but you should at least have been a part of that world or have interviewed people who have been. Alex Jones interviews a lot of complete con artists who don't know shit. |
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Money doesn't buy political influence though, In my country it can buy a lot of things including buying politicians, buying political influence, buying this ...buying that ... Sure, it's like that in pretty much every country. But here's the thing: If Bitcoin is as successful as everyone hopes it is, everyone will have a store of money that the government cannot touch. They can't freeze it, they can't seize it, they can't tax it, they cant trace it. Imagine what that will mean to governments. The honest part of the government that collects taxes will suffer The dishonest part that splurges favors on friends and cronies will already be in the take .......just that it will be far more difficult to prove that they took bribes !!! This will be parallel economy of un comparable ....un imaginable proportions Do you realize that if bribes don't work blackmail was used instead? Politicians don't get a choice to be corrupt or not! They either take bribes or get blackmailed or they aren't allowed to get elected. You get rid of the bribes and the political influence will be distributed based on who has the most dirt on who and who can generate the most blackmail on this or that politician. Since everyone has nudes somewhere floating around on the Internet or has done something regrettable, they'll just control the political atmosphere by making threats and fear if bribes didn't exist. So to worry about Bitcoin being used to bribe people is a minor threat compared to what goes on right now without Bitcoin. Bitcoin is just another currency, but if people want to bribe they can offer favors and don't need Bitcoin. If people want control they can use fear and threats as they always do. This is why it's naive to think Bitcoin billionaires will suddenly rule the earth, those billionaires will not be able to go up against orgnanized crime and honestly I'm glad we don't know their names. |
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Money doesn't buy political influence though, In my country it can buy a lot of things including buying politicians, buying political influence, buying this ...buying that ... Sure, it's like that in pretty much every country. But here's the thing: If Bitcoin is as successful as everyone hopes it is, everyone will have a store of money that the government cannot touch. They can't freeze it, they can't seize it, they can't tax it, they cant trace it. Imagine what that will mean to governments. The honest part of the government that collects taxes will suffer The dishonest part that splurges favors on friends and cronies will already be in the take .......just that it will be far more difficult to prove that they took bribes !!! This will be parallel economy of un comparable ....un imaginable proportions Yes, but where does that dishonest part of the government get the money to splurge? From the honest part. Which will be collapsing under it's own - and especially the dishonest part's - weight. Exactly. And to think that the dishonest part of government didn't already have the ability to hide money? Bitcoin didn't invent hiding money. Trillions of dollars were seized just recently in the range of 30+ trillion which is 3 times the size of the US GDP. They are already hiding money and it's always been like that since the start. Billionaires don't have to worry about taxes and honestly I don't think anyone should be taxed for saving, that is bullshit. If you save money in Bitcoin you shouldn't get taxed. If you cash out then you should get taxed. It's that simple. The elites already have their saved money so why can't the masses save money too? |
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I was studying cryptocurrencies before there was a Bitcoin, and I knew about it when first hearing about it during the bailout crisis. I heard again during the Occupy Wallstreet. I would be one of those early adopters except I got side tracked not thinking it would recover so fast from $2.
Sad that you didn't jump in Still I think you were NOT part of the early Creators or the early elite You were outside That made a big difference I was outside because I was too much of a coward to put myself at that kind of risk. I thought the insiders were gonna be harassed by the feds and shut down like E-gold. I'm actually shocked it didn't happen but my guess is because of the Arab spring, the new Presidency, and the budget politics, I think Obama simply doesn't mind Bitcoin or doesn't care. In a way Bitcoin just happened to exist at just the right time, with just the right President, and just the right environment to gain support and not get shut down. I think at this point the economy is so bad and the budget is so locked up that shutting down Bitcoin would not be politically correct to do right after bailing out the banks. I admit because I did not have the balls to get involved with Bitcoin earlier that I do not deserve the status that those who had the balls should receive. |
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Why create something targeted at instant transactions (like a Paypal) or to be used as a currency (like the USD) but design it to have the economic behaviour of stock market? That makes no sense. What we see here is that the effort needed to get 10-15 coins today is pretty much the same level of effort and risk that 1 year ago would give you hundred of thousands.
The main problem here is not the fact that early adopters have more, this is fine. The main problem is the sheer scale of the disproportion. We talk about million times more for a comparable risk. People entering the Bitcoin world now risk as much than people entering 1 or 2 years ago.
Xiaoma hit on what I think is the fundamental reason bitcoin will never go mainstream. Some 6 Billion people in the world are much like him. They've never heard of bitcoin, or they've never heard of bitcoin until today. When they show up here they are all going to ask this question over and over again. "Why should I waste my time and money making you guys really rich? I've got that problem already." @Xiamo, I can answer your question directly if you'd like, but it would cause a flame war. Probably better to do it in a new thread. Hint: Bitcoin is not a currency. It is the first commodity ever created by mathematical fiat! Well.. I think Bitcoin will have a very hard time going mainstream because most people are NOT like me  I only got so late into this because I only found out recently. If I wasn't away from crypto forums for so many years I would be an early adopter too. The only thing I can do now, at the current prices, is to get a dozen coins a month, not more than that. Still, even if I have a net loss so far, I still try to buy more coins because I believe the world needs it. I don't care much about the "getting rich" hype. It is the freedom from central entities control that I value most. Even if I was to lose all my investment on Bitcoin, another crypto-currency will be created that hopefully will have better luck than this one. Most of the remaining 6 billions don't give a damn about it, to be blunt. They would happily give up all freedom if they were feeling safe and protected. It is the way governments work, and the way humans work. It's also the way mafias work. That is a protection racket. That kind of political fiat currency is backed by the bullet. People are forced to accept USD or get beat up or killed? That is what we prefer over Bitcoin? We want to go back to that thug mafia style system based around fear, threats and intimidation? Bitcoin doesn't have the coercion and intimidation. Maybe some hackers will dox you or put a virus on your computer but that is nothing compared to getting bombed and shot at by snipers because you didn't want to spend the USD. The world needs a global alternative and I'm not even considering myself a globalist, but the world needs a global currency done right and Bitcoin is the first global currency to ever exist. It might not be done right, but it's done first, and the people who are early adopters are taking the risk because WE KNOW. And how you plan to explain that to "common" people? Don't take it personally, but it seem to me you are only trying to preach to the believers... You don't have to explain anything. You make an offer to the common people which is better than the offer that centralized banking is making. Bitcoin is just the first offer, some people will accept and some will think it's a ponzi scheme or part of the illuminati. The trick is to keep making additional offers until the people figure out it's in their own self interest to diversify. I think the majority of the people claiming Bitcoins and cryptocurrencies are a ponzi scheme are only saying it because of politics. They cannot accept the fact that anarchists can invent something which actually helps the world, or helps the economy, or which could be useful. If it took anarchists to invent a global currency or to solve a crisis why should we let politics get in the way of the solution? But for people who aren't rational, they'd rather accept failure than accept a libertarian or "anarchist" solution. The fact is, centralized banking doesn't work very well for the middle class. So anyone middle class can look at their bank accounts and their retirement(or lack of), or their unemployment check or lack of unemployment, or their loan debt, or any other punishing consequence they have received from centralized banking and decide on their own when they get tired of being punished for politically supporting the status quo. A person like you or me, we don't have to be punished until our graves to figure out that centralized banking isn't really offering us anything worth a damn besides credit and debt. This isn't even about government, there are parts of the government which I agree with or find important. We need an EPA, we need a USDA and the government to provide national security. We need some government regulations. But I don't see how centralized banks or big banks benefit any one of us. The way to convince the common man to be rational is to ask them what the centralized bank and the status quo is doing for them? Tell them to take a hard long look at their life and their prospects and if they don't think Bitcoin is a good alternative then what are they doing to provide the alternative? It's easy to bash Bitcoin when you're rich and have stocks in big banks but when you're not benefiting but are being punished from the current system then it's really hard not to like Bitcoin. In fact, since when did it make sense to want taxes, debt, and reduced profit over the long term? |
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And to anyone who doesn't like Bitcoin, nothing is stopping any of you from taking the code and forking it and coming up with something better. To diss Bitcoin but not to want to do the work to support ANY alternative cryptocurrency is really saying you just support fiat currencies no matter what the result.
And that is just plain stupid. The results matter and the results should determine what you support. If the results of the US dollar and Euro were so great then why are all of us in debt right now? Why are so many of us educated but unemployed? Whether you go to college and receive debt or just the fact that you live in the USA and accept USD, you are in debt. In debt to what and why? How are you supposed to pay that debt back? Be a slave?
If that is the only alternative, which is basically to work for free to pay off some debt which we don't even know where it came from to people we don't even know, or we can deal in Bitcoins and pay off the debt in our own way, on our own terms, with our speculation bubbles and cryptocurrencies and other technologies so be it. We have nothing to lose.
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Why create something targeted at instant transactions (like a Paypal) or to be used as a currency (like the USD) but design it to have the economic behaviour of stock market? That makes no sense. What we see here is that the effort needed to get 10-15 coins today is pretty much the same level of effort and risk that 1 year ago would give you hundred of thousands.
The main problem here is not the fact that early adopters have more, this is fine. The main problem is the sheer scale of the disproportion. We talk about million times more for a comparable risk. People entering the Bitcoin world now risk as much than people entering 1 or 2 years ago.
Xiaoma hit on what I think is the fundamental reason bitcoin will never go mainstream. Some 6 Billion people in the world are much like him. They've never heard of bitcoin, or they've never heard of bitcoin until today. When they show up here they are all going to ask this question over and over again. "Why should I waste my time and money making you guys really rich? I've got that problem already." @Xiamo, I can answer your question directly if you'd like, but it would cause a flame war. Probably better to do it in a new thread. Hint: Bitcoin is not a currency. It is the first commodity ever created by mathematical fiat! Well.. I think Bitcoin will have a very hard time going mainstream because most people are NOT like me I only got so late into this because I only found out recently. If I wasn't away from crypto forums for so many years I would be an early adopter too. The only thing I can do now, at the current prices, is to get a dozen coins a month, not more than that. Still, even if I have a net loss so far, I still try to buy more coins because I believe the world needs it. I don't care much about the "getting rich" hype. It is the freedom from central entities control that I value most. Even if I was to lose all my investment on Bitcoin, another crypto-currency will be created that hopefully will have better luck than this one. Most of the remaining 6 billions don't give a damn about it, to be blunt. They would happily give up all freedom if they were feeling safe and protected. It is the way governments work, and the way humans work. It's also the way mafias work. That is a protection racket. That kind of political fiat currency is backed by the bullet. People are forced to accept USD or get beat up or killed? That is what we prefer over Bitcoin? We want to go back to that thug mafia style system based around fear, threats and intimidation? Bitcoin doesn't have the coercion and intimidation. Maybe some hackers will dox you or put a virus on your computer but that is nothing compared to getting bombed and shot at by snipers because you didn't want to spend the USD. The world needs a global alternative and I'm not even considering myself a globalist, but the world needs a global currency done right and Bitcoin is the first global currency to ever exist. It might not be done right, but it's done first, and the people who are early adopters are taking the risk because WE KNOW. |
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It's not a bug, it's a feature  This will be very pretty transfer of wealth to libertarians, anarchists, agorists... +1 And its is also pretty funny to see people here crying that they didnt know about Bitcoins couple of years ago. If Bitcoin will succeed everyone buying Bitcoins now will still be early adopter. Yeah but you got greedy people in here who are jealous of people who will be billionaires even though they will probably have hundreds of thousands of dollars themselves if that happens. So what if I'm never a billionaire or millionaire? That isn't what attracted me to Bitcoin in the first place nor most people on this site. Most people were attracted to Bitcoin because it's an interesting technology or because they want to save their money in it. Most of us aren't going to be rich and Bitcoin probably aren't going to be worth millions each. But if Bitcoins are worth $10,000 each or $50,000 each then ALL of us are going to be pretty damn happy except for the guy thinking it's a plot by Goldman Sachs to make us richer. Honestly if that is the plot then for once the right people are having a chance to make money in society. Just because you make a few thousand or a few million it doesn't mean you'll suddenly be running things. And I don't understand the arguments against being an early adopter or the arguments that Bitcoin is somehow unethical. It's only unethical if people get rich from it but it was ethical when each Bitcoin were worth a fraction of a cent? Satoshi deserves to be a billionaire. He invented something of great value to the world. The early adopters (that would include us), are risk takers but also lucky. Look at my name and you'll understand my attitude on it. That being said I don't think being rich and successful is a bad thing and if libertarian computer nerds are successful then whats wrong with that? It beats prison doesn't it? It beats the alternatives of whatever life the current oligarchs have charted out. I'll take my chances with Satoshi. |
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http://youtu.be/DiMvGyv2keYBut he does give you guys a handy scapegoat: Alex Jones thinks the central banks started the selloff. I suggest you buy as much as you can to show them. Seriously this is dumb. Now you figured out what side Alex Jones is on? |
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In one or two years time those 10-15 Bitcoins could be worth the same as what those thousands are worth today. Then there will be more people complaining about the disproportion and unfairness because they didn't get the chance to get in on it earlier.
We agree on the principle, but not on the scale. When 10 coins will be huge money (if ever) the ones that have 100000 coins will be the new plutocrats. How different it is from the current system we want to "fix"? Worse still, the shady beginnings of Bitcoin mean we have no real idea anything about people who could end up richer than all the plutocrats in history put together. If these people ever got the world they wish for (Bitcoin economy worth many trillions and dominant online and ubiqitous in real world transactions) we'd could be in a situation even worse than we are now. I don't think there is an evil masterplan for world domination here. Bitcoin could disappear in a few months if is never going mainstream. But is true that in the hypothetical case that coin value goes over $75000, somebody with 1M coins will exceed the richest man in the world (Carlos Slim, $73 billions). And there is no proof that nobody has more than a million coins.  So what? If that happens then we'd all be better off because we'd all have more money too. Money doesn't buy political influence though, it just means you'll be the one funding the elections and paying for infrastructure. |
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So, one of the main arguments I encounter when discussing Bitcoin with its promulgators is that it can potentially free the financial system from the cabal of plutocrats that currently run the show, and who have lavished enormous wealth on themselves and their cronies. This argument seems to entirely dismiss the actions of the shady cabal who mined huge numbers of Bitcoins when doing so was trivial (and prior to any public availability), and to a lesser extent the early adopters.
When central bankers throw money like confetti at themselves and their friends whilst most others must struggle to earn small amounts of it this is deemed a moral evil. Yet when the progenitors of Bitcoin and their acolytes do much the same; capture the low hanging fruit and leave everyone else fighting over increasingly complex computational scraps this is hailed as a brave new world of financial freedom.
Should Bitcoin ever achieve the kind of ubiquity its most ardent fans hope for, these people will wield more financial power than any of the Banksters they decry. They will also control such a large amount of the monetary base that they too could end up becoming plutocrats
Far from being a revolution, the future as envisaged by Bitcoin fanboys will be little more than a changing of the cast of villains.
I'd rather have early adoption. At least if you take risks and have the knowledge you get rewarded. It's more fair than just having to be born at the right time, place, family. Actually this is EXACTLY the biggest problem people are complaining about. It woud be nice if it was as you say, but is the opposite. You had to be in the right place at the right time to have a huge advantage above everybody else, without the need of any risk or skills. Just knowing that bitcoin exist 2 years ago and playing with it for fun. How many people ever heard about it before the Cyprus crysis? Just a tiny minority of people. This doesn't make the remaining 99.9999% of the world guilty of lacking skills or afraid to take risks. They just didn't know it existed at all. Including me. Which is the reason why I feel offensive to be labeled as less capable or less enterprising, when the only reason I didn't invest in Bitcoins earlier is because I never heard of it. I agree with you if people took a conscious decision of rejecting Bitcoin a couple years ago, and now they cry injustice. They have only themselves to blame. But people that were not in the "secret society" of the father founders... what exactly is their fault? I was studying cryptocurrencies before there was a Bitcoin, and I knew about it when first hearing about it during the bailout crisis. I heard again during the Occupy Wallstreet. I would be one of those early adopters except I got side tracked not thinking it would recover so fast from $2. |
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I think many people (newbies) think the value of Bitcoins can only go up is because they know there will never be more than 21 Millions Bitcoins on this planet.
You r right. But 95% users of this forum own bitcoins and hope to make a fortune spreading this delusion. They don't have strong arguments to support the delusion so they just troll people like u, giving useless advice to use search button or think outside the box. If u really want to discuss the value of Bitcoin u should find some other forum. Here u'll be just trolled to death. There are strong arguments. The fact that more and more places are accepting Bitcoins than ever. The Bitcoin ATM machines that are coming. The ASIC mining hardware that is coming. The future of Bitcoins gets brighter and brighter with every news cycle. The only weakness of Bitcoin right now is the infrastructure. Bitcoin is worth at least $1000 a coin right now and was rising to that level before the mtGox incident. It's worth between $1000-5000 right now, if the infrastructure can hold it. There are some things which need to be implemented, there needs to be more job boards which pay in Bitcoins, more businesses which pay in Bitcoin and more ways for people to learn Bitcoin selling products or services. That is happening but slowly and I think we are about 6 months away to a year away before everything is in place. Right now we have to fix mtGox and the exchanges. When MtGox is fixed and the exchanges are decentralized then the value will shoot up to $1000-5000. |
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