Checked out the script..
Do not download this.
It's infected with Malware.
Kiss your BTC goodbye....
MODS MODS MODS MODS MODS please remove this post.
Report the post and point to a virus report. |
|
|
|
You are implying this with continued price increase despite the system being unsustainable.
no, I never implied this. You made the assumption yourself. The timeline is not black and white. It is a long, gradual process in which our resources are used up at an exponentially rapid rate. No big concepts to grab, pretty simple.. YES YOU DID.
people won't stop mining though if the bitcoin price keeps going up.
if we see a $100,000 bitcoin, we're in big trouble with everybody raping energy resources to mine
Why would the price keep going up, if the system is unstainable. You are implying that market participants BUY DESPITE THE SYTEM BEING UNSUSTAINABLE. Thus they must be STUPID. You are implying that market participants ARE MORONS. I would never imply that the market participants are morons. Not at all. We all want a piece of this wonderful boom. The system does not "appear completely sustainable" one day, and not the next it is rather a long and drawn out process. You just need to think outside the box a little.  Now you saying that a unsustainable system BOOMS is absurd. Me no understand ur english. Come again? This is not absurd, it is just simple acknowledgement that difficulty is going up faster than our resources can handle it. The bolded part is you stating that Bitcoin is not SCALABLE. You STATING THAT A SYSTEM THAT IS NOT SCALABLE WILL CONTINUE TO SCALE IS ABSURD. MARKET PARTICIPANTS WOULD FIGURE OUT THAT THEY ARE RUNNING TOWARDS THE EDGE OF A CLIFF. END OF DISCUSSION. I've warned you to stop trying to convince him of actual facts. This is what you get for feeding a troll. |
|
|
|
...I also have friends with many BTC and they know that it is going down.... I'm just curious why those friends hold many BTC if they know that it's going down  its really not that hard to believe someone would hold on to his bitcoin even tho he knows it might go down. I'm doing it! and i really do have 10K looking to buy cheap coins, IF i'm lucky enough. ( please no one tell my wife ) Well yeah everyone here knows with a 100% certainty that it will go down at some point in time. But i read that as rpietila implying that they're bears, and expect it to crash below $500, but yet for unknown reason still horde many BTC Bill gates didn't get rich by selling his own stock, he was the biggest holder of MS. and now one knows a damn thing about were the price is going...look at the poll poeple believe, and they should, bitcoin lives up to the hype. This sums up the whole thread , right ? |
|
|
|
The only problem here is that you should trust the guy issuing the options. You don't want the site to get "hacked" or something during a huge price dip  Recent evidence suggests you shouldn't trust anyone running any kind of bitcoin "storage" service, they seem to get "hacked" very easily, especially those using the ".io" domain  And especially one that claimed to be a Fortress , right? Let's see bitcoin hitting 10 000 , and no site will be left un"hacked". |
|
|
|
Lol. Stop with your silly promotions.
It cant work, tax law requires capital gains to be paid on bitcoin gains.
Everywhere on this planet? You sure about it? |
|
|
|
Who the heck are the illuminati? I've lived long enough on the planet to have heard of most things but the illuminati slipped right past me. Weren't they in the Twilight Saga?  well so everyone basically knows at this point that congressmen and presidents aren't really in charge of the state and that there is a shadow government pulling the strings from behind the scenes. normal people recognize that this is just many competing factions that sometimes work together and sometimes fight amongst themselves, constantly churning with new factions rising to power and others falling out of power, you know sopranos/game of thrones style. people who believe in the Illuminati on the other hand posit that these shadow government agents are part of an ancient secret order who have been nudging society in this or that direction for centuries or even millenia, that they have been passing on this power dynasticly, that they are comprised of a set of families that only breed with each-other and that they are highly coordinated and work towards a common purpose rather than fighting amongst each other. see also committee of 300 families. the truth is probably somewhere in the middle but leaning much further towards the former than the latter. Reading that I remembered the movie Les Rivières pourpres , or Crimson Rivers with Jean Reno. Time to watch it once more. |
|
|
|
i think it's super important to acknowledge and recognize every thing that can disrupt btc in even the slightest, and address them now.
we need to stay ahead of the curve and it's something that we have done and i sure hope, continue to do.
Yeah , but no getting paranoid every day on the same topics that have discussed for 2 years till now. |
|
|
|
If there's a finite amount of btc's to be mined... what happens when they go missing? for example the guy who lost millions because his HDD got thrown out. Or other methods such as lost keys ect.
In future unused coins could be mined again if majority agrees If the majority will agree with this , we'll be opening pandora's box. |
|
|
|
I can sincerely say a $100,000 investment will have a very high likelihood of yielding a $10 million+ return (for the investor).
And this is the part when I'm stating to get worried. x100 times the investment. And of course , it will be in less than two months isn't it? Im probably greed, but if I knew way how to turn $100,000 investment to $10 million+, I would cash all my investments and assets and keep the profit to myselves. But obviously only kids and loosers cannot do this... There's such a thing called variance my grammatically challenged friend. The best of us can get stuck in a rut sometimes, suffer bad beats or setbacks for one reason or another. This board isn't the place for people with 10 millions hanging in front of their nose like a carrot and not running away inputs.io is haunting my dreams |
|
|
|
when's the last coin being mined? Think of all the energy surplus then .... The all the plants will close down , lots of jobs lost , factories producing equipment closed down , BTC collapses , and we end up wondering , why the hell did we spend 100 years doing puzzles ? =)))))))))))) |
|
|
|
this assumption: "So market participants dont understand exponential energy cost explosions??? Like sheep they would continue to bid the price up and run over the edge of a cliff. So you are saying you would be the only one wise enough to see, that the system is not sustainable."
it's just wrong because I never said that
You are implying this with continued price increase despite the system being unsustainable:
people won't stop mining though if the bitcoin price keeps going up.
if we see a $100,000 bitcoin, we're in big trouble with everybody raping energy resources to mine
At least , he still has some energy left to troll around. I wouldn't bother with him anymore. |
|
|
|
From December 2012 to December 2013, BTC price rose by 60x (~$20 to ~$1200).
If it does something similar, $60,000 per coin this time next year at minimum. Though I think BTC growth is exponential, if that holds than it will be much higher than $60,000.
There is no telling how the other currencies will affect it though. Once BTC reaches a certain point we may just see other coins rise up next to it as their ultimate purpose is defined by the development work being built on top of them, forming more specialized blockchains that do different things, like Datacoin, Namecoin, and others like them, each of them valuable in their own unique ways. The sky is the limit to what this technology can do. Bitcoin is just the beta test. We saw Litecoin rise above where BTC was this time last year, there is no technical reason Litecoin can't become bigger than Bitcoin. BTC just has the advantage of being the first and therefore most well known cryptocurrency, but the limited exposure of the 100 chains behind it won't last.
When BTC hits 1000s people will notice these other cheaper coins more and more, even though fundamentally "1 coin" is arbitrary, but fiat minded people have trouble seeing past that. However making the smaller BTC denominations like mBTC will help with that in common usage.
This is a digital wild west, anything can happen, anything goes, no one on this planet can accurately predict what happens now. We are in for one wild ride I think, it would be wise to hold many kinds of crypto for the months ahead.
The average price was 13.3$ last year. We have around 900 this year. That's a 70x increase. But from 2011 to 2012 we have an increase of only 4x , from 3.50 to 13.3. So , why shouldn't we have a x1190 increase to December 2014? Because life doesn't work like that. Things go up, things go down. The past is not a good predictor of the future etc etc. But yes, I do believe we will have a "nice" increase in 2014. Can't do a 70x increase every year though can we .... you do the math Of course I know that. I was just pointing that he started his arguments for having a 60000 BTC the wrong way. Also history does repeat but not in the same way |
|
|
|
Can't get better then this if you ask me. Wall Street is what I call a serious player lol...
Kind of a good sign from my point of view. I could be overstating it but hey I don't yet see how one can consider this a bad thing.
Took a moment to laugh at the serious part. If those guys get on board , at least we will won't be crying "manipulation" without reasons. The bitcoin price has been manipulated since day 1. Wall St won't know what hit them I don't think they will be the ones getting hit. More likely the ones doing the hitting. |
|
|
|
Id suggets mining alt coins, sure there not worth as much but damn you can mine alot of em fast.
And if everybody is starting minign alt coins , we have the same picture as in the bitcoin environment , but with worthless rewards. |
|
|
|
As cost of mining goes up wont the cost of the coin? seems about normal to me, 4 months time to double your investment? That is pretty good I think
There is no correlation between mining cost and bitcoin price. |
|
|
|
I feel sorry for the gamers who can't find a card in stock or at a reasonable price because of all the AMD card hoarding as of recently.
They still have Nvidia cards available , and sooner or later this madness will stop. |
|
|
|
|
Localbitcoins , with an established trader.
Coinbase seems like another good option too.
|
|
|
|
How can you perform a 0.00000001 transaction? Isn't it below the dust limit?
Whats do you mean by dust limit? |
|
|
|
|
Nice project , although I don't want to see Bitcoin associated with SR anymore.
|
|
|
|
|
Show Posts
