So, from what I understand is that Bitcoin addresses can be created "on the fly" at whatever number at a time without the fear of generating a duplicate address because of the chances.
Well, Bitcoin seems to be doing pretty well, so,
what happens after 20 years?
I am pretty sure that at some point unique addresses are going to start running out....
The sun will run out of fuel before we run out of addresses. |
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Yeah, I've been moving more towards PoS as well.
PoS is too flawed at this point. Someday someone may figure out a way to plug the holes, but for now, PoS is too easily exploited in several ways. |
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So tell me, because you ignored it, who are those paid shills, names, numbers paid out, come on, man up, let's hear it.
Most shills don't admit to it. bcp19 has. |
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Centralization is inevitable at this point. That is one reason why I prefer an asic resistant coin where possible.
Great point, because it would be impossible for one entity to control millions of machines, right? http://en.wikipedia.org/wiki/BredoLab_botnet |
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How did Jorge convert to a newbie? Are there two Jorge accounts by the same person /bot or by different peeps/bots?
There's real Jorge and fake Jorge. Fake Jorge is far more entertaining. |
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So if your prediction is right over 1k up to 5k I will still be making a nice chunk of change and I'm feeling pretty solid with the money I spent on my 7.14 coins. If it tanks I will still be eating.
Just remember, when it does tank, it's a temporary situtation. Don't panic sell for some pizza. |
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Another tin-foil-hat moment:
If BFL doesn't pull some sneaky plan to have "commenced shipments" in 4 days (so Black Friday orders can't be refunded)
They did it once before. Remember this "delivered" unit that was actually sitting in BFL's lab? Refunds will be stopped shortly. Get your refund while you can!  |
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Does chang noi still post here? I just got back from Thailand, and if any country needs Bitcoin, its Thailand.
Bhatcoin?
It's hard to keep up with his name changes. Here's his latest post: HOOOOOOOOOOOODL!!!!!!!!!!!!!!!!111!
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Someone please correct me if I am wrong here, but I think the 100million/day figure includes change outputs from transactions.
Blockchain.info attempts to remove change. It's not perfect, but I think it does give a decent ballpark. Similar to the total output volume with the addition of an algorithm which attempts to remove change from the total value. This may be a more accurate reflection of the true transaction volume.
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<censored for everyone's benefit>
Shit. Someone quoted you and I saw another one of your idiotic answers. Bitcoin market cap: $7B Credit card fraud just last year alone: $11B Fact: more money is lost in a single year due to credit card fraud. And concerning your further idiotic estimates, it doesn't matter how much Bitpay claims to process. Bitpay is one very small piece of the bitcoin world. blockchain.info estimates nearly 100 million processed per day. And that's only counting actual on-chain transactions. There are countless more off-chain transactions. Your 400 million per year is just more of your bullshit. It's more like 100x that much. |
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It is a much more lucrative and "safe" vehicle for scams than the classical ones -- stolen credit cards, counterfeit cash, phony viagra, nigerian heirlooms, penny stocks, ponzi funds, ...
Wrong. Do you even have any idea how profitable just credit card fraud is? The credit card fraud in a single year alone absolutely dwarfs the entire bitcoin ecosystem. And this goes on every year, non stop. You obviously have no clue what you're talking about. Credit cards basically have their private keys printed on the front of the card. Every time you use a credit card you are at risk of having it stolen. Bitcoin actually reduces fraud. You can purchase anything from anywhere, and not ever risk your private key being taken during the purchase. A merchant can accept bitcoin from any customer throughout the world and never have to worry about chargebacks. Sorry, I can't handle your idiotic comments anymore. Welcome to my ignore list. |
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hmm.. is this legit?
There are only 2 good choices. Spondoolies and Bitmain. Steer clear of everyone else. |
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when did i say that i sold anything? i was waiting for what looked like a reversal to send new money.... didnt think it would take off this quickly....
You had months ... I'm with Ace. Don't leave bitcoin/fiat sitting on an exchange for months. You're just asking to get Goxxed. |
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I think I just had a seizure. |
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We're in the process of changing our business model completely, which will only be an immediate delivery option upon receipt of payment.
That's a great plan for getting new customers, but why are you wasting effort on that? You should be focusing 120% on making restitution to your existing customers. Anyone who buys from you in the future is an idiot. You fail to ship products. You fail to adequately package products. You fail to repair broken products. You fail to give refunds. You fail at everything! |
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I won't say they are not legit, but just think about things as these everytime you invest: Does 5 year look legit? (no), are the prices realistic? (no), do we have proof of theyr setup? (no).
Again, I won't say they are not legit, but I have my thoughs about it.
I'll say it. They're not legit. If they stopped taking orders today, there is no way they would be able to continue paying out for 5 more years. The numbers just do not add up. The only way thay can stay in business is to get new customers to pay the old ones. |
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3. Sales Policy
a) Retail price is around $500 for each single miner
That would be a nice price if it was "shipping today". That's overpriced for "shipping next month". |
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when did they claim such refund?
Here's one quote: Now since the only payment option is in BTC Will I get the same ammount of BTC back should you fail to deliver by December 31st?
Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC. |
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They should have made it explicitly clear what exactly the refund terms would be.
They did. They explicitly claimed refunds would be exactly the same number of BTC as a refund. |
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