The moment Paypal accepts Bitcoins , you're going to call them BestPal and how they are the enemy of the NSA. |
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Now , I'm starting to understand why you have that yellow button. Do you actually believe what you're typing in here? |
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8000KW (present)
16000KW (in 2 months)
32000KW (in 3 months)
64000KW (in 4 months)
128000KW (in 5 months)
256000KW (in 6 months)
512000KW (in 7 months)
1GW (in 8 months)
2GW (in 9 months)
4GW (in 10 months)
8GW (in 11 months)
16GW (in 12 months)
32GW (in 13 months)
64GW (in 14 months)
So , let;s assume we have 8000TH , that's 4000 Cointerras 8000KW (present) need to add another 4000 16000KW (in 2 months) 8000 32000KW (in 3 months) 16000 64000KW (in 4 months) 32000 128000KW (in 5 months) 64000 256000KW (in 6 months) 128000 512000KW (in 7 months) 256000 1GW (in 8 months) 512000 2GW (in 9 months) 1024000 4GW (in 10 months) 2M 8GW (in 11 months) 4M 16GW (in 12 months) 8M 32GW (in 13 months) 16M 64GW (in 14 months) 32M So , in one month we'll have to produce 32 millions cointerra miners or equivalent. I see a problem here. Cause that's the amount of Iphones Apple sells in 4 months. yes obviously it's not possible to double forever.. eventually we will either run out of energy or material. Either way it's not good.. I'm a bit tired but let's give it a try: 8000 kw should be 19 000 usd. nice cost /block reward 8MW/20000 USD , that would lead to 64GW 160 millions cost/ day. Well , just to cover the cost 1 bitcoin should be worth 50 000. And this if forgetting about the cost of equipment. And the halving in the next years. I don't see a problem with electricity cost at all. Again , maybe I made a mistake with the cost but still... 64GW/hour.. not day.. and even if there is no problem, what about when its 128GW, then 256GW, then 512GW?? don't stop there.. Yeah , 64GW/hour will end up costing you 160millions daily. If we have a consumption of 512GW it's gonna be 1280 millions , 1.2 billion. Let's watch the picture in a few years , block reward halved twice. The reward is only 1000 day. one bitcoin should be worth 1 million dollars to sustain only the electricity cost and almost 2.5 millions to cover the expenses with the equipment. You see now the problem with this ? |
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Yeah , that's the way central banks work  They aren't printing their own coins. People with DigitalCoins are depositing them into the bank. There is also nothing stopping other people from starting their own bank. If people are depositing them into the bank , how the hell do you sell those coins to somebody else? Btw. I'm starting to agree with you on this one: This is starting to hurt my brain. |
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8000KW (present)
16000KW (in 2 months)
32000KW (in 3 months)
64000KW (in 4 months)
128000KW (in 5 months)
256000KW (in 6 months)
512000KW (in 7 months)
1GW (in 8 months)
2GW (in 9 months)
4GW (in 10 months)
8GW (in 11 months)
16GW (in 12 months)
32GW (in 13 months)
64GW (in 14 months)
So , let;s assume we have 8000TH , that's 4000 Cointerras 8000KW (present) need to add another 4000 16000KW (in 2 months) 8000 32000KW (in 3 months) 16000 64000KW (in 4 months) 32000 128000KW (in 5 months) 64000 256000KW (in 6 months) 128000 512000KW (in 7 months) 256000 1GW (in 8 months) 512000 2GW (in 9 months) 1024000 4GW (in 10 months) 2M 8GW (in 11 months) 4M 16GW (in 12 months) 8M 32GW (in 13 months) 16M 64GW (in 14 months) 32M So , in one month we'll have to produce 32 millions cointerra miners or equivalent. I see a problem here. Cause that's the amount of Iphones Apple sells in 4 months. yes obviously it's not possible to double forever.. eventually we will either run out of energy or material. Either way it's not good.. I'm a bit tired but let's give it a try: 8000 kw should be 19 000 usd. nice cost /block reward 8MW/20000 USD , that would lead to 64GW 160 millions cost/ day. Well , just to cover the cost 1 bitcoin should be worth 50 000. And this if forgetting about the cost of equipment. And the halving in the next years. I don't see a problem with electricity cost at all. Again , maybe I made a mistake with the cost but still... |
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So know we're having a Russia Hype?
Has the Chinese one already faded?
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It's called a glitch.
Campbx did the same a few month ago showing 800 or so while the price was in the hundred range.
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8000KW (present)
16000KW (in 2 months)
32000KW (in 3 months)
64000KW (in 4 months)
128000KW (in 5 months)
256000KW (in 6 months)
512000KW (in 7 months)
1GW (in 8 months)
2GW (in 9 months)
4GW (in 10 months)
8GW (in 11 months)
16GW (in 12 months)
32GW (in 13 months)
64GW (in 14 months)
So , let;s assume we have 8000TH , that's 4000 Cointerras 8000KW (present) need to add another 4000 16000KW (in 2 months) 8000 32000KW (in 3 months) 16000 64000KW (in 4 months) 32000 128000KW (in 5 months) 64000 256000KW (in 6 months) 128000 512000KW (in 7 months) 256000 1GW (in 8 months) 512000 2GW (in 9 months) 1024000 4GW (in 10 months) 2M 8GW (in 11 months) 4M 16GW (in 12 months) 8M 32GW (in 13 months) 16M 64GW (in 14 months) 32M So , in one month we'll have to produce 32 millions cointerra miners or equivalent. I see a problem here. Cause that's the amount of Iphones Apple sells in 4 months. |
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People just won't be minning, cuz electricity will be cost more than btc mined ;/
but then bitcoin goes up, and it becomes profitable again Bitcoin can't go up forever. Also there will be lot's of improvements in energy consumptions for asic devices but that's just secondary. The free market will solve this . |
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Yeah, giving away options for free sounds unsustainable. If the price drops, there's no way the "bank" could stay solvent..
It sounds unsustainable at first, yes. However, the bank is still solvent when the price drops. It is basically just a refund for the DigitalCoin that the customer bought. They don't do anything but sit on the funds the customer used to purchase the DigitalCoin until the option contract runs out.
See that "fixed rate". There you have the flaw. And as you suspected there is a really big one:).
I'm still not seeing it. See my response to 12648430. And how is the bank acquiring those coins in the first place? This is the piece of the puzzle. Because if the banks is getting the coins at 100 , John buys them at 200 , they drop to 50. They have to give John back 200 , and end up with a coin they paid 100 for which is valued at 50. And if they 'print' their own coins , then we have a central bank My understanding is that the bank gets the coins from depositors. They then get paid dividends on the transaction fees for their deposited coins. This is starting to hurt my brain. I don't think your example would lead to them going insolvent though. The total value of their assets has remained the same in terms of DigitalCoin, and they have earn money through the transaction fee. Yeah , that's the way central banks work |
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Isn't begging when you ask for money while you are not giving anything back in return?
I'm not sure Wikipedia is like that.
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Code wise, bitcoin has grown beyond the control of any one person now. However, Satoshi does own close to 1,000,000 bitcoins. If he sold them all at one time, it would likely seriously depress the market price of bitcoins. I think that's about the only serious negative thing he could do, and I can't imagine why he'd want to really, as I'm sure he wants his bitcoins to be worth as much as possible, just like most everyone else does.
What would stop Satoshi from launching a 51% attack? I'd say yes he does have kill switch capability but I don't think he's interested in using it at this time. I've heard he tried to get the miners for that 51% attack from BFL , so we're safe for a few decades. |
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Yeah, giving away options for free sounds unsustainable. If the price drops, there's no way the "bank" could stay solvent..
It sounds unsustainable at first, yes. However, the bank is still solvent when the price drops. It is basically just a refund for the DigitalCoin that the customer bought. They don't do anything but sit on the funds the customer used to purchase the DigitalCoin until the option contract runs out.
See that "fixed rate". There you have the flaw. And as you suspected there is a really big one:).
I'm still not seeing it. See my response to 12648430. And how is the bank acquiring those coins in the first place? This is the piece of the puzzle. Because if the banks is getting the coins at 100 , John buys them at 200 , they drop to 50. They have to give John back 200 , and end up with a coin they paid 100 for which is valued at 50. And if they 'print' their own coins , then we have a central bank |
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Haha oh my god. Tell that mother fucker if he is going to smoke weed on a daily basis then he better stop inhaling all those nasty fucking chemicals and moldy weeds! Of course he throwing up especially if smoking that dirt in anything bigger than a pipe its guaranteed yack every well sized hit! I seen a mo fucka fill a bong wit some mexican shwagg budz and the smoke was dark yellow/brown yall! Thats not all natural I can tell you that shit. Anyone who decides they are going to use marijuana like nicotine addicts use tobacco, GROW YOUR OWN or get it from someone who doesnt lie/knows their shit. For this problem I would just talk to him, like "Hey man I know you like smoking ur weeds and all, but could you please do it inside, sometime I hear you throwing up in the yards and I start throwing up then my wife ect. Also, I have smelled your weeds and thrown up instantly before. Tis not good for my health, I would advise you to stop yourself, but If not please go inside buddy, I'll give you .1 next time I get some" haha Idk worth a shot, Snitches are bitches, but sometimes the police are necessary, this is a situation I would say the police should not be necessary.
Reading this , I have the feeling I smoked too much myself. I was at the last row and my brain was screaming stop reading, you want to kill us both ?!!!! |
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I can see another China madness , with no actual demand other than speculation backing it up. What's next , Brazil? |
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Prediction: Paypal will adopt XBT as a new 'currency' soon (mostly out of necessity to maintain their market share).
This is ridiculous. Paypal will never adopt Bitcoin. Doing that means cutting down their profit margin by 90%. JP Morgan has recently finalized its plans for the "Bitcoin killer". I think PP will soon join them. Already they have shutdown the production of physical BTCs. Those plans are 15 years old , and they aren't that willing to put them into practice. |
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So the first Canadian shop that accepts bitcoins in selling espadrilles. This is sooo funny. Indeed clash of cultures. |
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I think the story is not quite right. My sources at Fidelity said something more along the lines of "we are still researching/reviewing."
That means they are not currently investing. So , there is nothing wrong with the title. |
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So can we pay a visit to your HQ and see actual proofs of your work? Also can you name those suppliers:? Cases (Contractor): Bucharest, Romania Power Supply and Accessories (Reseller): Bucharest, Romania Also why does your phone match this company: http://www.vrajitorul.eu/en/firma/19246937/ovipas-srlNow out of business and located In Suceava? And this hotel: Motel Monza 120 RON Adresă: Strada Chimiei 12, Bacău 600286 Telefon:0744 157 749 |
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Btw, i would love to send Matt an escort for a night. Is there any escort service in US accepting btc yet? If not, its SO needed. No more hiding CC bills from your spouse.... if you know what i mean  Yeah , no more hiding the bills. She can check the blockchain to see what you're up to . |
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