The group is basically saying that I am an idiot for paying off my student loans.
Boy is my face red.
Not to worry...credit card debt here I come. Maybe they will buy that some day.
I think they are actually only buying up debt of people who are behind on their payments. This allows them to buy the debt "cheaply" for only pennies on the dollar. The thing is that the chances of further recovery on such debt is actually very small, so the net effect on the borrower of the debt being forgiven is actually nothing most of the time. It removes the debt from their credit score, that is major for a lot of people especially if it was a 40,000$ debt and they were making 25k / year or less, like so many 18-25s these days. Credit score is just another form of indentured servitude, as close to slavery as the banksters can comfortably get us these days. |
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What do you think? I think I've heard the phrase "oh thank god" about a million times, it still doesn't make me believe in an invisible sky-man. Bitcoin isn't going anywhere in our lifetimes. |
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There are no other cryptocurrencies. Their existence is an extremely temporary illusion.
There can only be one that eats the world, and bitcoin is it. When the fiat financial disaster events keep coming, it becomes a war of attrition against people's tolerance for suffering. It won't take long for them to let go of the dying system.
Everywhere on this planet, sooner or later your survival will becomes dependent on your decision, and you'll have no choice. In some places this is happening now, people are choosing bitcoin freely.
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Unplug the internet cable, then you can stop bitcoin. Surprise! Bitcoin can be sent via SMS text. |
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Short answer no.
Long answer hell no.
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How to keep your wealth in an increasingly fast changing and highly unstable world ? In the information age, I would prefer to store my wealth in the form of information, organic open-source software. In the centralized industrial age, I would store my wealth as centrally-guaranteed violence-backed promissory notes. |
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What about the emission rate? The emission rate has importance inversely related to the stability of fiat currency. Each financial crisis will hasten the herd toward crypto until a critical mass is reached, this will become the historical "bitcoin moment". Also known as "the moon". |
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Bitcoin is safe if you lock it in a safe. As soon as you amass any amount you're not willing to lose, create these and lock them up! https://bitcoinpaperwallet.com/+1 or any of the other myriad cold storage options Brainwallet is my preference, but its not for everyone. |
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It seems clear to me that BTC will hit the big(ger) time and relatively soon. But some folks (who do seem to have a good understanding of it) hold the exact opposite opinion. Am I buying into the hype? Besides regulation (which I don't think will end up being a problem in the Land of Innovation and many other countries), how else could BTC go wrong and turn out to be the fad some say it is.
Contrary to what a lot of people here will tell you bitcoin is not perfect and it can will be improved a lot. Moon for me will be when price stays between $1000 and $1050 99% of the time. That would be incredible! This will probably never happen. Next time btc touches 1,000 it will be rocketing past, on its way to the moon.  |
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How do you estimate 'production cost' for intangible/digital assets? Bitcoin is not a "product", this logic does not apply. Product, from production. Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). Bitcoins are not "produced", they are discovered through mathematics. Bitcoins also cannot be owned, only controlled. Bitcoins are just information, little bits of math. That's why brain wallets are possible. You can't "memorize" a product and sell that memory, now can you? You can with bitcoin, because it's just releasing control of a bit of information. Just as an aside, this is why it's insane to try and regulate bitcoin the way any other form of money has been regulated. Once you truly comprehend everything I've just explained, you may begin to understand why day-to-day fiat exchange price does not matter at all.  |
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Bitcoin is also the first real WORLDWIDE currency. The previous currencies covered more limited areas...
This is not true. The dollar has been a worldwide currency for decades... No, Emperador was correct. Bitcoin is the first worldwide currency. The dollar was the first worldwide scam. |
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When the world is ready to let go of the abusive father we call the state.
Or after the next major global financial crisis, whichever comes first.
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The altmarket is the biggest suppression when it comes to Bitcoin mass adoption. To date, there should rightfully only be a handful of altcoins available, specifically, those that actually feature innovations and/or improve upon blockchain technology.
But no, instead we have thousands of 'shitcoins' made strictly, for the most part, to scam investors for a quick buck. "rightfully? Please explain the rules of "rightfully" in a rational manner to all of us. Who has these "rights"? Where do they come from?  |
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The Great Flood of Noah's day was only about 4300 to 4400 years ago. Since that flood wiped everyone except Noah's family from off the earth, that means that the currency system isn't more than that old. In addition, the currency almost assuredly wasn't used by Noah. What would he use it for? Any barter he did, would have been between him and his children and grand children, etc. Who needs money for that? Probably the oldest money system that we could connect to is way less than 4000 years old.   Well played BADecker. Well played. P.S. http://www.hollabackhealth.com/2010/12/five-reasons-to-stop-using-emoticons/ |
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We're in the innovation / experimentation / Infancy phase of this technology. This is natural.
If bitcoin was patented and closed source I would never have been interested. The altcoins we not harm bitcoin long term, just relax.
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anyone with just 200 coins can tank or pump a public exchange and send the entire market cap from $4billion either to $3billion or upto $5billion.
This seems implausible. You're taking +/- ~25%. How is it that bearwhale's 30,000 weren't able to achieve a movement of this magnitude? ~4,000 coins being mined every day, so it's only 9 days worth of coins you're talking about. Relative to the over ~1,500 days bitcoin has existed. |
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http://nakamotoinstitute.org/mempool/everyones-a-scammer/"Fortune spoke with Robinson about the year he spent researching bitcoin and why he thinks the currency will ultimately dissolve into worthlessness. " If he spent an entire year studying (I doubt it) and still thinks bitcoin will dissolve, he's managed to attain Paul Krugman levels of stupidity and short-sightedness. 
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But what it is, is, a mixture of God's original programming, mixed with the devil's counter-programming, influenced by God's counter-counter-programming, that He is using to save us all. Many will deny Him, of course, and His work won't save them.
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The whole thing will fall apart if Merchants start seeing it as a waste of time. No, it really won't. At this stage in the game there is no plausible scenario where "the whole thing falls apart". Sorry your get rich quick scheme is taking longer than you hoped. No wait, I'm not sorry at all. Grow up and Fuck off. |
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Expect hollywood to fawn all over everything bitcoin AFTER fiat has died and we're all filthy rich.
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