But the guy/girl is sitting on $9M now, I don't think he is too worried. $9 million in some soon-to-be-worthless fiat. I'd be very worried if I stood to lose that much wealth within the next 3-5 years!
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My average buy in is still only around ~$180, but has been going up steadily since 2014. Not that it will matter longterm. if you're holding long term in terms of years, no worries at all.
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Your money is losing value. Doubly true if you live in the U.S. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.history.ucsb.edu%2Ffaculty%2Fmarcuse%2Fprojects%2Fcurrency%2F2002_07DollarEuroGraphic1000pxw.jpg&t=663&c=zu-0EzVV3o731w)
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who bough at bottom already made 50%, but it may be better to hold even for them
It's better to hold for anyone, whether you bought at 10 cents or $1000, everyone will make 10,000% + profits if they hold long enough. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FCbeOgFW.png&t=663&c=QWPG3HV4MsIyYA)
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Whatcha got to say now, ya clowns? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FaWc912z.png&t=663&c=szGH4BpcYh0sVw)
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I live on a Permaculture farm in Costa Rica, in a small community. This isn't a planned anarcho-cap community and the people come from all ages, nationalities, income levels , and politics; albeit higher amounts of anarchists and libertarians exist in our communities than the general population. There are hundreds of these types of communities all over Costa Rica , and Latin America and they naturally just function as anarcho cap communities because we need to get things done and most people here are capitalists. (...)
Despite the caricatures portrayed by socialists and anarcho-communists on the evils of an-caps and our love of corporations and hatred of the poor... So you live on a secluded private tropical island community... that's supposed to be some kind of realistic solution for the masses? Really? If I come over on a raft with nothing but the clothes on my back, will I be welcome with open arms, fed, and given meaningful work? Or turned away to the sea? Or starved to death and left in the streets? What if I come over on a bigger raft with 900 fellow hungry and desperate poor. How would we be treated in your capitalist island community? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Felderabuseexposed.com%2Fwp-content%2Fuploads%2F2012%2F06%2Fmahatma-gandhi-quote-nations-greatness-measured-by-how-it-treats-weakest-members.png&t=663&c=cOveFy2q9gJlfg) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fizquotes.com%2Fquotes-pictures%2Fquote-our-society-must-make-it-right-and-possible-for-old-people-not-to-fear-the-young-or-be-deserted-by-pearl-s-buck-26439.jpg&t=663&c=8f-EfUTsvxnlqQ) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fizquotes.com%2Fquotes-pictures%2Fquote-a-decent-provision-for-the-poor-is-the-true-test-of-civilization-samuel-johnson-241342.jpg&t=663&c=8odMw1q5oxIriQ) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fizquotes.com%2Fquotes-pictures%2Fquote-it-was-once-said-that-the-moral-test-of-government-is-how-that-government-treats-those-who-are-in-hubert-humphrey-89489.jpg&t=663&c=QtHW-AY5woocxg)
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Again, I see no way to move to socialism under a corrupt and opaque system of government. Could not agree more! It is a recipe for disaster and we'll never see even a glimpse of theoretical socialist upside before an oppressive totalitarian kleptocracy takes hold. It already has!!!Modern capitalism IS an oppressive totalitarian kleptocracy! That right there is the main difference between you and I, you believe this system is still redeemable in some way. I do not. Capitalism is absolutely rotten to the core and should be dustbinned just like we did with slavery.
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Primates do not belong in cages. Non-violent primates definitely do not ever belong in cages.
Violent primates belong in compassionate but secure mental rehabilitation facilities.
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this "vision" is not one of freedom through empowerment but of utopic convenience. I suppose time will tell.
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Where does libertarianism and socialism lie in all those complicated ideologies! "extropian thinking places strong emphasis on rational thinking and practical optimism. These principles "do not specify particular beliefs, technologies, or policies". Extropians share an optimistic view of the future" ( http://en.wikipedia.org/wiki/Extropianism) So they're: -pro rationality and therefore -anti superstition (which includes religion) -optimistic about humanity's future Sounds like they'd be on board with the view that humanity will soon transcend capitalism and socially evolve to a more empathic, more ecologically harmonious, less-violent, more reasoned state of being on this planet. For those who want to understand the present state of affairs in the USA, read this: http://en.wikipedia.org/wiki/Inverted_totalitarianism
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what did I tell you guys? I say we break 380 in the next 10 hours.
Done. Fixed that for you. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2F440LzfR.jpg&t=663&c=RiUkYI6mfkWr7Q)
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Apple pay is a non-factor only serving AT MOST the wealthiest 5% of the world (300 million / 7 billion = 5%). Here's why: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F2QJwyMY.jpg&t=663&c=VBvKkC466_w6eg)
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Well that's exactly what's supposed to happen, isn't it?
Everytime a newbie says something like "Bitcoin is doomed if the price drops too much", people are quick to explain the hashrate would drop out of competitiveness to find a new equalibrium.
Well, if that just happened, then it is proof the theory is correct.
The lowering of the hashrate is the problem. The lower the hashrate, the cheaper it is to attack Bitcoin. Correct me if I'm wrong, it will only decrease linearly, not exponentially (unless of course price does the same). Correct. To successfully attack bitcoin the hashrate would need to go back down to 2010 levels. Not going to happen, ever.
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Fiat scrip is the titanic that has just struck the iceberg, Bitcoin is the lifeboat.
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Comment above is spot on. We are told to be individualistic by nature, then reinforced by artificial scarcity and artificial need to compete.
The truth is we are headed towards 95% unemployment as only 5% of human labour will be needed to produce everything we need before the current century ends. Have fun trying to keep an economy alive with such a situation.
A lot of people is going to die or be disenfranchised. That's the way it has to be, I'm sorry. (...) There is just no other way, people are going to die. Our trajectory cannot continue its insanity. I read recently that if everyone on the planet lived with a Rwandan standard of living, Earth could feasibly support a population of 15 billion. But if everyone lived with a North American standard of living, Earth could only support 1.2 billion humans. The trouble is, everyone wants the better standard of living and no one seems to want to stop breeding...
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I speak the language of love, you speak the language of fear.
Well right now you're speaking the language of "making others wrong". You sound like that "Dank" guy right there, no offense. lol. Loving people seek to understand others first rather than be understood. Not sure I see that much of that in you. But I think you would be understood better if you stick to one context at a time and to allow yourself to explain things within other people's worldviews and definitions. take care JF The tricky thing about that is... I do understand you. I was subjected to the same indoctrination you were. I guess I'm just not ready to be unplugged from the matrix and ascend to the Shangri-La of wisdom as you have. The real pity is the mental anguish you will subject yourself to by clinging to a dying system built upon a foundation of falsehood about human nature. To believe humans are inherently selfish creatures is to believe that a 300 years dead philosopher had a better grasp of our nature than the whole of modern science. An absurdity that borders on religious levels of non-logic. Why do you cling to this outdated Hobbesian notion in the face of the heaps of evidence I have laid out this very thread? The only conclusion I can draw is that you are incapable of unlearning your indoctrination in the same way the religious person is incapable of unlearning theirs. As religion is a language virus that dulls critical thinking, perhaps the same is true of any system instilled in the formative years which we are taught to accept without question. All authority must be questioned, all assertions must be questioned. Without the vital scientific tool of doubt, a child is left unable to discern for himself what is true from the myths the herd has accepted as "cultural truth". Capitalism is one such cultural truth (read the Emphatic Ciyvilization). Homo Sapien monogamy is another (read Sex at Dawn). Both are lies. Both are melting away, right now. In capitalism's, dear reader, you should hope it is melting faster than the polar ice caps. I hope one day we come to see formative years indoctrination as mental child abuse that is just as repugnant as physical abuse. Creating brainwashed intellectual cripples permanently damages not only the child but also the world.
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I speak the language of love, you speak the language of fear.
Well right now you're speaking the language of "making others wrong". You sound like that "Dank" guy right there, no offense. lol. Loving people seek to understand others first rather than be understood. Not sure I see that much of that in you. But I think you would be understood better if you stick to one context at a time and to allow yourself to explain things within other people's worldviews and definitions. take care JF The tricky thing about that is... I do understand you. I was subjected to the same indoctrination you were.
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2 people speaking from different perspectives may be coming from different "domains" of reality. It's not just different perspectives friend, we are speaking different languages entirely. I speak the language of love, you speak the language of fear. I speak the language of future, you speak the language of past. Empathy is a language much older than words, look within yourself and find it, and then we can speak truthfully. I will say the only thing that matters, "I am suffering." And you will reply, "I suffer too." And we will see that we are all suffering, and we will begin to imagine ways to live without this suffering, and our thoughts will flow to a better possible world. And then we will create a new reality as our species has done so many times before. Soon.
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