Wait, if my 24 word seed can bring back my coins, doesn't that mean my private keys are held somewhere?
That's why it's called a seed and not a passphrase. Your keys come from the seed and your seed can clone them if they are lost. |
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Looks like rule of thirds is going to break. Down we go.
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Post quotes. I want to know who is saying this.
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 Apple Pay - The one thing nobody else wants to imitate. |
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80% agree. It's hard to say what the magic number will be, but USA has unequaled power of denial.
Maybe 80% is a little big. A little lower than that maybe. "In for a penny, in for a pound." Who knows, maybe the DOW will go to 40K with most corporations leveraged 1000:1. |
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I'm living the dream, not some fantasy like the OP.
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Does anyone think the price of bitcoin will ever go back up to a respectable price?
Currently, Bitcoin is ridiculously overvalued. A respectable price would be somewhere in the single digit range, and that's the price Bitcoin is going back to. It'll be a slow and painful decline with a lot of bulltraps along the way. It might take months or years to get there, but we'll get there eventually. Together. Can't you fantasize about sex like normal people? |
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I lost more in commercial real estate than Bitcoin, but I have more faith in Bitcoin than industry coming back to the USA.
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Bitcoin is running point and is at a crossroads. Miners are getting selfish and destroying goodwill. Litecoin is following in Bitcoin's footsteps and will be ready to take its place if it fails. If Bitcoin is unwilling to take risks in order to maintain its lead, then maybe its time to step back and let litecoin take all the risks. Perhaps developers like Blockstream would be welcome by the scrypt community. Maybe the next big ASIC developer will not be so hasty reluctant to pay a little back to the community that made their industry possible.
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80% agree. It's hard to say what the magic number will be, but USA has unequaled power of denial.
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They're not killing Bitcoin. They prove to the world that there's no reason to wait for something better.
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you just weren't born into the right family. Lol...and that's why I left the U.S. If I was born into the inner circle I probably would have stayed Ditto. |
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Armageddon confirmed by the fact that all market action is driven by the central planners.
Calling it a market is humorous at this point. "Guess what the central banks will do next" seems like a better name for this circus
Musical chairs continues
The Federal Reserve official anthem: http://www.youtube.com/watch?v=zjedLeVGcfE"The Show Must Go On" - Leo Sayer |
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An Altcoin like or similar to Darkcoin will gradually overtake BTC in terms of use-ability and popularity. Your SHA256 gear will become (even more) worthless  More likely a "Green Address" Coin will replace Bitcoin. Every address must be officially registered and tracked. |
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Why do you have to make it so hard to understand? Do you charge your children for their meals because food is scarce? The term scarcity doesn't mean finite. It means not enough to go around to meet basic needs. It's about need, not greed. It's a choice, not an equation.
Oh, well, that's much easier. All that would require is for there to be some agency capable of forcing all human beings and nations to cooperate whether they want to or not. We'll probably have that problem solved within another 70 years at the outside. Could be within 30 if we're "lucky." Government agencies don't force parents to feed their children. They choose to. It's just amazing to me how living in a developing nation opens your eyes to how generous poor people can be, especially with food. Maybe the world needs to be beaten back to the stone age in order to find their humanity. |
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Just wanted to mention that my new house is completed:
That short guy sure likes to look up at big long columns. |
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Putting 1% of your retirement contributions in Bitcoins wouldn't be a bad idea.
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With that formula Bitcoin should be a useful currency in about 5000 years.
A currency with a slow gradual rise is not useful? What is your definition of a useful currency? A currency that is useful to me is where people near me accept it for goods and services. And a linear formula would prevent this? No. Your linear formula would prevent it if it were actually the case. Imagine if cell phone production rate had stymied to your rate of production. We would still require a car to move them around and global society would not have facebook in their pocket. If bitcoin does not show growth as a store of value, nobody will value it to store their value. At the linear formula's rate the price would be up about 50% in one year. Double in 2 years. Most conservative investments expect to double in around 20 years. Ah good because that leaves lots of room for alt coins to fill the current 400 trillion dollar global economy when the securities and shadow banking industries collapse. But in what alt to invest or to keep some amount of cash. To play safe on some stable and trustworthy or to gamble a little and try to make bigger piece of cake in this picture. Okay now you're just playing with me. This technology is too important to be ignored. Your projections wouldn't even attract a buyout by Facebook. |
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If there's blood, then the sharks will be coming. Wall Street pressure to approve the ETF, perhaps?
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With that formula Bitcoin should be a useful currency in about 5000 years.
A currency with a slow gradual rise is not useful? What is your definition of a useful currency? A currency that is useful to me is where people near me accept it for goods and services. And a linear formula would prevent this? No. Your linear formula would prevent it if it were actually the case. Imagine if cell phone production rate had stymied to your rate of production. We would still require a car to move them around and global society would not have facebook in their pocket. If bitcoin does not show growth as a store of value, nobody will value it to store their value. At the linear formula's rate the price would be up about 50% in one year. Double in 2 years. Most conservative investments expect to double in around 20 years. Ah good because that leaves lots of room for alt coins to fill the current 400 trillion dollar global economy when the securities and shadow banking industries collapse. |
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