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21  Economy / Speculation / Re: When will BTC reach $50,000? on: June 09, 2014, 09:12:55 PM
I just bought 10 Bitcoins, kicking myself for not buying sooner...
22  Economy / Speculation / Re: Ghash.io reaching up to 47% hashrate (now down). Can it reach 51%? on: June 08, 2014, 05:09:22 PM
Until 2-3 days ago, the total hashrate went up to 98-99 Peta Hash. Since then, it has calmed down to 86-87 PHs. Cex/ghash responded by ramping up to 41-42 PHs and is currently sitting at 39 PHs. It's a little bit disconcerting because they had been hashing at around 35% for a long time and to see them ramp up to 45% of the total will cause many miners to move to other pools like bitcguild and eligius.

Cex/Ghash had promised that they would never go to 51%; however, they have not kept other promises, such as allowing cloud miners to mine at other than ghash.io pool.

As others have said above, it boggles my mind why anyone would buy GHs at cex, it's overpriced and you are charged outrageous fees and you are giving your hard earned money to crooks, swindlers and inside manipulators at cex. There must be lots of feeble minded people around the world.
23  Economy / Speculation / Re: It's Clear That The Future Of Bitcoin Is Not In The US on: June 07, 2014, 05:26:35 PM
Does anyone seriously think bitcoin will continue to rise dramatically IF the US banns btc?

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

Why would they ban something they made?  Cheesy

They are even quoting a certain Mr. Okamoto in this paper.

It was a rhetorical question. The original poster's assumption is that bitcoin will succeed without the US in the future. I'm just saying that without the US, bitcoin's future is murky at best and busted at worst. I'm not the original poster and I don't assume that the US will bann bitcoin at all. I'm just questioning the original poster's assumption. China tries to bann bitcoins every month or so and has succesffully trolled the bitcoin community and negatively affect the price. If the US tries the same trick, it will have a bigger effect, much bigger.

At this stage, the future of bitcoin lies with the US. As far as the real world is concerned, there are two money capitals in the world, New York and London. Not Beijing, not Shanghai.

Can you deny that bitcoin and fiat are intimately tied together at this point in time?

I am a realist and I live in the real world.
24  Economy / Speculation / Re: It's Clear That The Future Of Bitcoin Is Not In The US on: June 07, 2014, 02:16:06 PM
Does anyone seriously think bitcoin will continue to rise dramatically IF the US banns btc?
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