finish the college,then do whatever you want
cryptocurrencies aren't going anywhere but if you drop out it's going to be hard coming back later..
You can't say for sure that all these coins or cryptocurrencies will be around for certain in the future. If they are not around in the future then investing in them now would be a horrible idea. |
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OP: what are you studying in college? Some career paths require a degree more than others. If you want to be a business owner, then you need money and drive, not a diploma. If you want to be a programmer, college degrees might not do as much good as just sitting down and learning it yourself. But if you want to be an accountant or chemist or engineer or doctor or lawyer, nobody will hire you without the relevant degree.
This is true and all good advice. We need more details, but only you know what's best for you. The stress or no money an d not being able to afford college might not be worth the hassle; but at the same time maybe the opposite is true and you should persevere. The other thing to consider is if you would even be able to do any investing in BTC? If you barely have enough money to attend college, then how would you survive off of investing? It takes a large amount of capital to live off the profits from investing, where are you getting that kind of capital? |
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Was there a quarterly report released for the 4th quarter of 2013 yet?
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OP: what are you studying in college? Some career paths require a degree more than others. If you want to be a business owner, then you need money and drive, not a diploma. If you want to be a programmer, college degrees might not do as much good as just sitting down and learning it yourself. But if you want to be an accountant or chemist or engineer or doctor or lawyer, nobody will hire you without the relevant degree.
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Yeah, I'm in sort of a dilemma. I'm having a hard time paying the college fees and I plan to drop out and invest in BTC.
Why not do both? Have you considered transferring to a cheaper college? Do some work on the side and ask to be paid in bitcoins? I don't think investing in BTC should take up all your time, what would you be doing with yourself the rest of the time? |
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Apparently I'm a victim of poor breeding (or other sassy insult)--because looking over the MPEX "manual" and site--I'm reminded of an AOL chat bot I may have thrown together in a weekend when I was 14, first learning to program with visual basic, albeit with GPG thrown in. And lots and lots of words using cryptic language to say very very little.
I'd say the setup is designed to mesmerize potential users, making them invest lots of time (that old chestnut), and confuse them into losing their BTC; all-the-while awarding a sense of superiority.
I don't know a damn thing about options markets though, so clearly my feeble mind is unable to blah blah blah
You are setting yourself up for insult? I glanced at the MPEX manual, I do not see any cryptic language? It seems to me that is a direct, succinct explanation of how to use MPEx? People keep saying MPEx is hard to use, but this shows all the important points in just a few small pages. As with any well-made computer program, most of the complexity is hidden from the user. |
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I don't know anything about this type of investing. But I do know I'm in the twilight zone. The pr avatar creeps the hell out of me, emporium gives me nightmares and his? name gives me chills.
I have no clue where I am or what this is. 30 btc to invest in bitbet? How the hell do you even register? There's just a creepy empty box with output html under it.
None of this makes sense. It's like I'm in a delirium. The avatar makes me feel like I'm on acid. I apologize if that's you pr girl. But the side view is chilling. And I see a nipple.
Mircea runs a weird ass poker blog that has points on the top right. This is from an insane asylum. And he has 724k btc?
Instead of using MPEx directly, you should use coinBR which is a broker. With just a few bitcoins worth of investments you should be able to cover the monthly account fee, if you have hundreds of bitcoins to invest then you should pay for the account directly on MPEx; if you want to invest less than a few bitcoins, get a job and save your money until you have a couple bitcoins. Mircea's blog is not about poker, that is where all the monthly statements for the companies on MPEx are posted. Are there any other companies in the world which post GPG signed monthly financial statements? The rest of the stuff on the blog is sometimes interesting, sometimes not. The points in the top corner show how many view you have left before you have to pay to view more articles (you get a few free views per week). |
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In a Bitcoin economy you can never have more than half of the companies or so grow faster in Bitcoin-denominated value. If they somehow did anyway the value of Bitcoin would go up accordingly and thus their valuation would go down.
Therefore it will actually be quite rare to have a Bitcoin-denominated stock actually grow in Bitcoin-denominated value. If a Bitcoin denominated stock actually generates a higher return than just holding Bitcoin then people will flock to that stock diluting it's rate of return down to the average for the entire Bitcoin economy.
You seem to be making some very limiting statements on the possible growth of bitcoin companies, but you do not back up any of your arguments. Why do you think only half of the companies could grow? Not all companies can have above average growth rates, because then the growth rate average would be higher. You therefore (usually) have about half the companies below the average and the other half above the average. It's just mathematics. I'm talking about growth rates in Bitcoin-denominations, not purchasing power. The value Bitcoin in real terms will grow (on average) with the growth of the Bitcoin economy. Therefore if a company does not grow faster than the entire Bitcoin economy (i.e. under average growth) its valuation in Bitcoin will stay the same or drop. Obviously not all companies can have above average growth rates, because then the average would be higher. It's just mathematics. But there is more to the economy than just companies, just like there is more to the US economy than what is listed on the NYSE. Is there a direct link between the average growth of bitcoin companies and the price of a bitcoin? |
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No. You are wrong. There is no fundamental reason why bitcoins cannot be used for investing, just like fiat. I typically get a better return with my bitcoin stock portfolio (measure in bitcoins) than I do with my fiat stock portfolio (measured in USD).
Actually, it goes even further than that; your premise is flawed if you think holding fiat is a way to get richer. Holding fiat is such a horrible thing to do with your money (because of inflation) that just about nobody does it. Holding bitcoins is a perfectly good way to save money for the future, but holding fiat will just lose you money. Instead of saving their money, fiat users are forced to invest in something. Fiat users will flock to horrible investments, while bitcoin users can wait for good investments to come along.
In a Bitcoin economy you can never have more than half of the companies or so grow faster in Bitcoin-denominated value. If they somehow did anyway the value of Bitcoin would go up accordingly and thus their valuation would go down. Therefore it will actually be quite rare to have a Bitcoin-denominated stock actually grow in Bitcoin-denominated value. If a Bitcoin denominated stock actually generates a higher return than just holding Bitcoin then people will flock to that stock diluting it's rate of return down to the average for the entire Bitcoin economy. You seem to be making some very limiting statements on the possible growth of bitcoin companies, but you do not back up any of your arguments. Why do you think only half of the companies could grow? |
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IMHO a mature Bitcoin economy will encourage and create a meritocratic society.Here is my reasoning: In the fiat world you can get rich by just having capital which automatically increases through interest (above inflation rate). Interest, as you know, is basically a built-in feature of fiat money. Thus anybody, regardless of how good or bad they are, can get wealthy and influential just by having a large amount of money at some time (through inheritance for example). In the Bitcoin world though it is very hard to increase your Bitcoin wealth just using Bitcoin. i.e. capital gains. It is very hard to actually get interest from Bitcoins. This is because of its deflationary nature only few people are willing to go into Bitcoin denominated debt. The only way your capital can increase faster than just holding Bitcoins is to have a business which is growing faster than the Bitcoin economy in total. Obviously only very few businesses can acheive that kind of growth. The only other way to actually increase your net worth in Bitcoins is therefore through your above average work or contributions. These are the people that will end up having the greatest Bitcoins holdings and therefore more influence. For everybody else their Bitcoin net worth will either just stay or slowly decrease. Note that this does not mean less purchasing power, just a smaller percentage of the total number of Bitcoins. As a final conclusion this means that over time Bitcoin holdings will be distributed more evenly. You will not have the automatic "rich get richer" effect you have in the fiat world.What do you think?  No. You are wrong. There is no fundamental reason why bitcoins cannot be used for investing, just like fiat. I typically get a better return with my bitcoin stock portfolio (measure in bitcoins) than I do with my fiat stock portfolio (measured in USD). Actually, it goes even further than that; your premise is flawed if you think holding fiat is a way to get richer. Holding fiat is such a horrible thing to do with your money (because of inflation) that just about nobody does it. Holding bitcoins is a perfectly good way to save money for the future, but holding fiat will just lose you money. Instead of saving their money, fiat users are forced to invest in something. Fiat users will flock to horrible investments, while bitcoin users can wait for good investments to come along. Finance of the future will be done in bitcoins, see MPEx for the beginnings of this industry. I predict that in the future the price of bitcoins will stabilize, and people will be much more comfortable denominating debt in bitcoins than they are now. When the price growth of bitcoins slows to a managable number (like 1% a year instead of 5000% a year), it will be much easier to have your business grow faster than bitcoins. |
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Haha great reading =) Anyway, I only meant in a very technical way how bitcoin network works and how much it relies on active online nodes but I think that has been answered, thanks. I totally agree that bitcoin would be least of all worries! I can recommend the movie "Aftermath: Population Zero" http://www.imdb.com/title/tt1264068/. Remember that the blockchain is saved on hundreds or thousands of places around the world. If you turn off your computer and let it sit a day and then turn it back on then bitcoin starts back up just fine. Imagine if everybody happened to turn off their computers for a day - there would be a large gap between two blocks, and people waiting for confirms would be a little impatient, but it would pick back up right where it let off. The one issue I can think of is that as people restart their systems it might take some time for the whole network to coalesce, so you might want to wait for a few extra confirmations for important transactions done right when you restart. |
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I just ordered something and checked out with bitcoin so it is not a rumor, it is a fact and works just fine.
Please try to find something you need on there and order it and pay with BTC so we can reward them for making this bold step and helping our community and the world as a whole.
^This We need to show support for them taking a risk with adopting BTC as payment. Even if you don't need something, buy something small so they can report high transaction counts. I agree. What is their international site which ships to the UK? Are products sent over from America or do they have European distribution. Paying with BTC is only an option for items shipped to the US right now, other countries might be added later. |
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Is there anybody else that uses GPG signed contracts for assets?
A couple of real life registered Bitcoin companies here in the USA that I am involved with have started to do so. Assets are not exactly tradable so I realize that is not what you are really asking. Its pretty crazy to see. Will be showing my lawyers them soon, would really like to know what he thinks about it. Yeah, I was talking about other online asset trading platforms (havelock, cryptostocks, GLBSE-copy-of-the-week, etc). Some might not remember, but GLBSE originally used GPG signed contracts; unfortunately there was no moderation as to what went into them. Later the gpg signatures were eliminated to make it more user friendly, before it was suddenly shut down. I suspect we will see the use of gpg signatures grow in the business world. Adding them is a simple thing to do (once you spend just a little time learning how), and they are a great way of certifying a document, especially when dealing with distant people, sort of the modern version of having your documents witnessed by a notary. |
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Interesting reading the old comments.
I am still trying to decide whether to put more or less money in S.MPOE? On the one hand it seems overvalued for the amount of dividend it produces currently, but on the other hand it is the most steady investment in bitcoins and has room to grow?
This is still around? People still use this? With all the new options I'm kinda shocked. What new options? Exactly my thought. Is there anybody that does what MPEx does? yeah, there are at least two russian sites that do this and i had thought some western ones as well. maybe not i guess. i dont follow it well. As far as I know there are people supposing the operate options markets and different people supposing they operate markets for stocks. Even most charitably supposing these things exist, none of them have... history... How's Cognitive doing? Is there anybody else that uses GPG signed contracts for assets? |
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OK, nice.
But it is BIG FAIL!!! It is available only on US site. On international site this type of payment is not available. This is again one of basic ideas of cryptocurrencies - worldwide, borderless!!!!
Yet. It is not available yet. They are probably waiting to see if there is any uptake on the US site, and if there is then they will expand to the rest of the world. |
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Interesting reading the old comments.
I am still trying to decide whether to put more or less money in S.MPOE? On the one hand it seems overvalued for the amount of dividend it produces currently, but on the other hand it is the most steady investment in bitcoins and has room to grow?
This is still around? People still use this? With all the new options I'm kinda shocked. What new options? Exactly my thought. Is there anybody that does what MPEx does? |
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Great line from the Overstock CEO: "It helps us fight the machine" (big banks/government) This is a great line. Depending on the success of this roll out (if it yields good returns for overstock), I am sure that many retailers will follow suit. I am kind of curious to see how this will affect the over all value of 1 btc, if they get an overwhelming number of orders, and just immediately sell the btc back into USD via whatever exchange they have the agreement with? Dumb question, but which exchange are they going to use? Have they publicly said? They are using coinbase |
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Interesting reading the old comments.
I am still trying to decide whether to put more or less money in S.MPOE? On the one hand it seems overvalued for the amount of dividend it produces currently, but on the other hand it is the most steady investment in bitcoins and has room to grow?
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Anybody have any idea what a share of BitVPS would sell for now?
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A gryphon is not a dinosaur  Actually ... In ancient days people dug up bones of a creature which had a beak like an eagle and a slightly crested skull, it had a body the size of a lion and four clawed legs. So they imagined it must be some sort of eagle-lion mix, and the gryphon was invented. We now know those bones belonged to the protoceratops, which probably did not have feathers, although many therapod dinosaurs did have feathers (that is the branch of dinosaurs containing raptors, tyrannosaurs and birds). |
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