I was so prepared to shit all over this, most of the bitcoin music offerings ive heard up to this point are frankly, ass. but this was pretty dope. good shit 

it was mad informative, but the main artist had pretty decent flow, and the lyrics, while a touch verbose (I understand, you are describing bitcoin over bars) is actually perfectly correct, and delivered crisp. ya'll rode the beat (nice beat by the way) and the hook with the lady on it rounds it out pretty nice. from a mastering standpoint, levels were fine, and everything was balanced.


this hit me halfway between mc frontalot and killer mike (the political killer mike)


if you do this again, I might have a beat to contribute to this. will send you a pm 

and i want to hear some of your regular shit, sans bitcoin. i really appreciate your flow, i could fucks with you.

lol, everything.


doesnt work without connectivity
transactions lower than the standard fee are not feasible to conduct
no refundable transactions without incurring fees (no undo, even if both parties agree to cancel)
hard to spend btc directly for normal consumer goods/services without converting to fiat
security is much more difficult due to general unfamiliarity with proper cybersecur
confirmation of funds is not instant, like handing someone cash.
value can change suddenly and drastically


there are so many more. btc is far from perfect, but when you escape the digital economy, it suddenly becomes much less practical.

man, you need to stay off that shit famlay.  heroin is heroin, bitcoin has no part of that story LOL. tell Middle America otherwise 

you cant put this on bitcoin one bit. i will allow you that bitcoin may facilitate some poor habits (its really easy to gamble with bitcoin, and people are more likely to spend bitcoin on something that they would not have purchased otherwise with fiat). but what you are describing is a psychological condition that doesnt really have anything to do with bitcoin. gamblers are gamblers, if its crypto, fiat, whatever. sometimes thats rolling the dice a few times, or spinning the wheel; it could manifest as trader a that takes too much risk on leverage.

but despite how it rears its head, its an addiction to thrill seeking/risk taking behavior, not cryptos.

unless you want to call greed an addiction.

with that being said, then WHY THE HELL IS THE PRICE SO HIGH!!

nobody really knows about this bitcoin), and it shows. the amount of government interest is directly reflected by the amount of regulation, which in turn is influenced by the level of adoption (actually, its more the price at this point but thats a different argument) . notice how only now has the US gov really started to police the sphere. that doesnt mean that the adoption is so amazing ifs a public safety concern. but should be indicative that it is stating to ramp up considerably.

it was truly unknown, still, before this price surge. read the papers. sometimes its love, sometimes its hate, but we are certainly in the news now

essentially you are proposing being a bot. at this point, with the price like this btc will make this price transition (100 USD) many, many times per day, especially depending on what exchange you are looking at. you dont have enough time in the day to watch the chart this hard, and even if you used alarms, they would be going off so frequently that they really wouldnt be effectual.

do this with a bot. and be wary of the fact that bitcoin can easily advance 500 buck in a few hours. as well as dip in a fashion. and, and extended run in either direction will kill this strategy, unless folks are taking profit on the way up (you wont see the dips you are looking for )

Amen! we dont have a ton of innovation as of late, at least in the way it seems when I first joined the board. perhaps everything was all new then. but we spent the time forking all over the place, instead of advancing forward with developing the protocol. eth clearly seems superior to bitcoin at this point, and I hate to say that. didnt ltc get segwit hella early? and with all our capitalization, the politics of bitcoin is what is stopping up. despite the superior interest in eth, bitcoin is still the more developed sphere, hanging on by a thread. we are going to get out capped and out adopted unless we make some bold advancements, and soon.

Try Localbitcoins, Coinbase, or CEX.io (high fees, but a pretty straightforward verification process now). You can do paypal, but be very careful. this is generally frowned up because folks have the ability to cash back, if the payment gets reversed, your bitcoin is still going to be gone with no recourse (cant reverse a txid). localbitcoins should allow you to withdraw bitcoin to fiat to a bank account, or to meet up with someone in person. if you go the meetup route, please be careful! well lit, well trafficked place during the peak of business hours, or the police station/a library/ a supermarket.

handle it like you would if you were buying something off of craigslist.

This clearly isnt correct, at least across the board. if you have a bitcoin debit card, its an ach instrument. of course it has to go through a bank.

first off, there is no reason why the bank needs to know that an incoming fiat payment is even associated with BTC. there is no need to indicate this if they do not ask. but if they do, dont lie; that could actually get you in trouble depending on what country you are in. but if they give you shit, get a new bank. in the States at least ( i dont kow where you hail from) unless the bitcoin is actually illicit, there cannot be a presumption of thus.

just use localbitcoins man 

this isnt a flaw in the protocol, this is a flaw in how we choose to utilize bitcoin, despite its function being plainly spelled out by Satoshi in the white paper. "small, casual transactions" my ass at this point. we are speculating on something we should be using only to transact with. the value of bitcoin, like the many utility erc20 shit tokens, should be tied to the utility/intrinsic value. this isnt that. as we updated and forked, as the halvings take place, the value should have grown steadily, not like what we saw in 2017.

and this wont last. we may even surpass 10k in the immediate future (i hear calls now for 12K).

but that "may" isnt good enough for me and my money. its been a fun ride. im getting off at 10k, and getting back in around 7-8K.

disagree. the best time to buy was literally any time u to this point, LOL. we are at 8000 now. sure, we might go to 10k, we most likely will, but is that percent gain worth the possible very long, very expensive price correction that could come with it? folks have been claiming 10k bitcoin for YEARS now. i imagine there are folks that have been waiting that long, for this price level.  or course a nice percentage of those cats are going to take some profit, if not sell. if enough of us do this (observe when bitcoin cash got to 2500), the price will immediately collapse under the selling pressure.

i mean, but what if it all fucks up?

if you had asked this before 2017, I would have said yes. but I have been observing increasing dissonance between the alt and bitcoin markets. they dont always move inversely now, and some coins break out nowadays, but actually stay up. before, that spike would be followed by a slow retraction, unless btc price came up with the alt.

certain majors (eth comes to mind first) simply dont need bitcoin anymore to survive. I might would say the same of ltc.

 and I have to wonder what the actual adoption rates are for the two coins. very few bitcoin icos, not as many bitcoins startups like there used to be.

someone got his private key, or someone social engineered there way past his password/2fa. if your private key has every been exposed as plaintext that wasnt from a paper wallet generated offline....

you can get around this with a hardware wallet. and try not to spend out of it in a serious way, if its a high traffic wallet, you are more exposed if someone gets curious and walks back up the blockchain to your wallet.

you cant escape this, man. anything can be stolen, even up to life. but you can make it hard as hell to do so. practice superior security.

I see it more the elite inheriting bitcoin. im pretty sure some of the risk adverse wall street dudes are in this like they were early adopters. have to wonder if this (2017) isnt institutional investors picking the price floor up to crazy sauce levels (observe), before they let it drop where it may. this will take all the fun out of bitcoin; elite holdings mean gatekeeper legislation, and the coins being less distributed. will be great for the asset generally, and the price, but this will put a stake in the heart of btc as we know it. 

its actually a false consensus. most people are only dimly aware of bitcoin, let alone have a concrete and negative opinion about it. the fud we do hear (because I know that bastards are holding, and trying to talk the price down) is just that, fud. why is it that some folks (bankers actually) dont really care about bitcoin, but are willing to go on record making predictions/bold statements regarding bitcoin? the blow to ones rep doesnt seem worth the risk, for something they disdain so much.

notice how I dont comment about the price of orange juice futures. mainly, because I dont give a fuck.

My KeepKey. About to get a Trezor, but hardware wallets are where we all should live at. I like app wallets, as well, but I know that the wallet is only as secure as the device; if my phone is compromised there is a fair chance that the wallets on it will be compromised as well. Only hardware, properly used, gives me the certainty to hold larger amounts of coin. Everything else can be mitigated (security wise); social engineering attacks are just as deadly as the worst virus/malware that has been cooked up.

adoption doesnt really mean value though. sure, email is a bit ubiquitous at this point, but you dont hear people calling email a bubble LOL. first, its not an asset, but mainly its because although we can concede that email is quite popular, that does not do anything to increase its actual value. its a well supplied resource, and no one is competing for it. hence its very low value.


this is clearly a bubble. things dont tend to increase in value like this; if they do, you have to genuinely wonder why they have expanded so much as a function of time, and why the asset was so undervalued in the first place.if you cant answer those questions, it would probably be wise to not invest; at the worst case, stay the fuck clear.


I have no problem with $7000  btc, hell I dont have a problem with 20k btc. I have a problem, however, with bitcoin being 8000 in 2017.

no, to be frank thats not a smart strategy, bitcoin is too volatile to base a house hold off of, unless you have a very high salary. if you have dependents, at least for their sake keep your day job. redundancy never hurts!


actually, im in a poor mood tonight, thats not fair. if you have a meaningful job then no, please do not quit. If you truly love bitcoin, find a balance between the two. you can always use the fiat to purchase additional bitcoin, if you are that enthusiastic. but it is a rare bird that can make a living solely in btc, without having a very developed, or very unique skill. while there are some natural traders, most of us struggle a bit, self included.

these price levels will not always be; do take advantage of this while it lasts, but dont grow accustomed to all of "this" (2017).


You might set yourself up for a hell of a meh.

Slim to nil. Although cryptos are novel and efficient ways to transact/store value, since they dont have physicality they cant serve the same function that fiat does. fiat is perfect for essentially "off chain" transactions, what I mean is a physical, recognized value token that is prery easy to transact. you dont need the internet, you dont need any special technological devices or infrastructure. you just need the ability to do simple math, and a pocket.

maybe if we figure out a way to physically tokenize cryptos (hard, entirely too volatile), fiats will never be replaced. its harder to cheat when you arent using fiat 

this is the riskiest time you could possibly invest. yes, there is a very strong chance that bitcoin will continue up to 10k, but there is not guarantee of how long that will take, and how long we will stay there. these price levels are absurd, and im starting to fear that what I thought was excessive but genuine enthusiasm, might actually be one of the most epic pump and dumps that I have seen in recent memory. we just keep going up people, on good new, bad news, fuck it sometimes no news. this price has no justification. I hate to sound like the bank bros, but as we near 10k for no good damn reason I have to wonder:

how long is this going to last, in this state?

nah, not before December, unless Trump gets impeached some kind of way in the next two weeks (the tailspin from him leaving office before he tax bill is passed will cause some major economic depression, stock markets will crash and burn and bitcoin and gold will surge for a while). since thats not really going to happen, hard to see that price level by December. End of the year maybe, remote but very possible.

and if it does hit 10k by december, watch out. cuz its not going to stay there that long