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This post makes me proud to be a bitcoinian!!! No more bank oppression and not having control over your own damn money! To the moon!
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HA giving cats as collateral. You're either a bad troll or a bad person, I hope it's the former.
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Wow this is starting to get kindve scary. I didn't think a hard fork would ever actually occur, but I guess we'll see what happens....
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Ordered mine recently, am super hyped to receive it! I made my own custom design and the ordering process was fantastic, I hope the product ends up the same way!
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First rule of economics, there is no such thing as a free lunch. Any sort of "easy money" will either require a huge amount of money investment or time investment. If you run a successful bitcoin website you could be set up to make quite a bit of money. You could buy a bunch of bitcoin and do some investments, or do investments in fiat and buy bitcoin with profits. Point is, find something that works for you in your situation and you'll profit a lot. Hope this helps.
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he can't control the FED because the FED is not a gov. institution. Their goal in maintaining the stability of the financial system and providing financial services to depository institutions is far to be the reality ! They are buying the debt of USA and monetizing it on the ass of the americans citizen, boosting the supply of money while raising its price. Who born with a debt of 50k$ the day 1, without doing anything... "on autopilot". The sad thing is the US can't get rid of this peace of shit, no matter who is the president in
I don't think you have any idea what you're talking about. The FED exists purely to ensure that the value of the dollar doesn't crash or soar. They have prevented the dollar from becoming worthless like in the Great Depression. You say that they are far from their goal, they actually are doing very well right now... The American economy is very healthy, so healthy in fact that they have been raising the discount rate in order to keep it under control. The reason they buy and sell treasury bonds is to keep/give away money, not to "monetiz[e] it on the ass of the americans citizen." The FED does not exist to make money, they exist to keep money from becoming worthless. You also say that it is bad that the President doesn't have control over the FED, I hope you realize that was by design. If the President controlled the FED then they would control the nation's money supply, this would be a huge danger and would give the President way too much power. You really need to read up on your economics before you decide to bag on one of the most important entities in the entire nation...
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I am fairly certain that this price dip is from the news of the possible hard fork. If it does happen then the price would be greatly affected.
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Yeah, as an American I can say that it really doesn't help when we have a democratically flawed system. Those of you that know about Howard Zinn know that he talked about this specific issue in American a long time ago. The problem is that our elected officials are all funded by corporate entities and/or rich people involved in corporate entities, this means that the elected officials have to live up to what those rich people want otherwise the rich people will instead fund their opponent. This system puts some people in front of most in terms of representation and puts their monetary wants in front of the real issues in America.
The problem is that this goes so deep into the government that it becomes extremely difficult to fix.
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Now, the next question is this: Will they not run out of unique wallet address later on?
No. In my opinion, it can take so many years before that could happen but I am not a mathematician so don't take my words for it.
Bitcoin addresses are a 160 bit hash. Therefore there are 2 160 = 1461501637330902918203684832716283019655932542976 possible addresses. That's 1.46 X 1048 possible addressesThe universe has existed so far for about: 13.8 billion years * 365.25 days per year * 86400 seconds per day = 436126032000000000 seconds. That's 4.36 X 10 17 seconds. If you started 1 BILLION computers at the Big Bang and each computer created 1 BILLION addresses every second until today.... You would only have created about 436126032000000000 seconds * 1000000000 computers * 1000000000 addresses = 436126032000000000000000000000000000 addresses. That's 4.36 X 1035 addresses created.That means with a BILLION computers each creating a BILLION addresses EVERY SECOND since the BEGINNING OF THE UNIVERSE, you still would NOT have computed even 0.00000000001% OF THE POSSIBLE ADDRESSES yet. How many years do you think it is going to take a normal amount of computers, creating a normal amount of addresses to " run out of unique wallet addresses"? But, to be pedantic, it is still possible to create an address that is not unique. It is just EXTREMELY unlikely.
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Lol all this talk about waiting for the price to hit $100 when I bought at $730 and it's now at $1200
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My personal recommendation is to buy some bitcoin and invest it (whether its poloniex or casinos, find something appealing). I like watching my bitcoin wallet grow at the same time as the bitcoin price
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My personal favorite is Mycelium for mobile. The UI is pretty neat and I like the security of it. Also lots of helpful functionalities in it, I would give it a go if I were you.
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While I do agree for other reasons, the problem you state can be solved by being paid with bitcoin. Some employers (notably, police) do have the option to pay wages in bitcoin. Though these are very few they are still there.
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It's definitely not the best idea to buy a car with bitcoin. Cars have a lot of legal involvement so it is best to have solid proof of purchase from bank records. If you live in the USA chances are a bank account is not difficult to get a hold of, so I would recommend simply selling the coin and then buying the car with $.
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I think that a good solution to this would be to have price reductions, or rather, prices including fees. Starbucks does this with taxes; rather than saying $3.25 + tax or $3.25 with a surprise tax at the end, they simply have $3.45 as the price. This makes it easier for the consumer to see the worth and I think if it would be possible to have the same thing for bitcoin transactions it would work out really well.
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Like... I really want to buy it... but I don't mine anymore
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I think that those are good points as to why you should have bitcoin as well as cash, but I think that we all fundamentally will need cash in our society for a long time. If not in your home currency then paper bitcoins.
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Just because people watch the price of bitcoin like it is a stock does not make bitcoin a stock, it just makes bitcoin a more unique currency (which is pretty much what it is). I think that everybody in here can agree with me when I say that bitcoin is indeed used as a currency, hell I'm even being paid to write this right now, and we all understand that it is meant for trading. However, I do agree with you in saying that it is indeed a good thing!
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1. suredoood 2. Jr. member 3. 30+1 4. 15pKLhumucJ5qdPcHsbsecM7oMDo9i1jBW
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I think that the governments are going to have a hard time when they no longer have as much control on the money supply. Calculating GDP will be much harder on a relatively unregulated market and this will lead to us no longer realizing how healthy or unhealthy our economy is. It's okay I guess but imo it can become very dangerous, recessions could be happening without any of us even knowing it. I really think that we will always need a level of regulation in order to prevent everything from falling apart.
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