Keep with this hodl bullshit and you are sure to have no fiat when you'll need it.
why many of "we" only invest what we can loose? I can buy goods and services in BTC. It just means Hodl from fiat. |
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That's exactly the point of hodling. Prices rise due to higher demand than supply.
you forgot the whole NEED part hodling amplifies the price but the base value comes from its usability well yes but as long as you properly populate the the attributes of its usability, being able to send, $136 million, or some other large amount, to any one anytime for well in that case free, across any border, oh and buy a coffee if you want. These attributes allow it to replace at least half of all banks, now add up the value of just that. Infrastructure, IT, wages, property etc etc. You have your x Trillion right there....alone |
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The Chinese government will soon make them shit their pants and panic sell.
but its fallen and risen now so many times except the rise ends up 5 ~ 10 x the high before the last crash. Eventually people are going to get inured to this. |
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does anyone notice there are generally less coins to sell due to mass hodl and more people entering all the time?
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yes a certain amount of GLD, I asked and it was given, inturn i gave out a lot of what i recieved
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maybe we should create a PPC fund for these things... I am willing to add 5 PPC for the dev who implements a stake mining button.
i will throw in some PeerCoin for this and dev, see peercoin forum I have suggested it thier, maybe fuzzy bear and ors can admin the fund |
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my log graphs show going up, but not quite as fast as this, eg, now or in nov.... and yet I expect it to go up, but am still surprised when it does.....
I thought max we would be at 1K in about 4 mtnhs from now as floor. However next 13 months 10K floor and 13 months after that 100K floor, that when the log graphs become really don't look as conservative as stating 10K floor in 17 months.....I may still be right for lows of each month.
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No one, not even MT (who the h*ll he/she/it may be), can bring the btc price back to $1200.
Having said that, it's NOT only possible, but HIGHLY likely that it will hit $1200 some time this year and surpass it, maybe a few times before settling on a new ALL TIME HIGH.
I am betting with all my idle cash.
Sorry, not possible. Sources have confirmed from China, that bitcoin will continue to crash around the world. I have some links somewhere, all in Chinese of course, but I can't be bothered to locate them right now. Point is, 2013 was bitcoin's last flash in the pan. It's all down hill from here. Also, India, and sources. Also, some other sources and such. You know the drill. your back in spec? wow, when did this happen...? |
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Just seems like something else that could go wrong.
I don't find it hard to copy-paste an address from someone's profile or signature.
Yeah, how would this integration work exactly? Easier just to do the above. The problem is that we'd need to pay BTC into an account to pay tips out of, similar to how the Reddit bitcointip bot handles finances, and I don't think Theymos wants anything to do with being responsible for user funds; understandably so. Beyond that, the integration is the relatively easy part. hmm yes good points, maybe a function that just displays the payment to the address in line...but I take your point. |
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I'm not sure "how is the world going to feel about it" is a question that can be answered. I know bitcoin owners will be pleased though  If I can put it this way. I'm not saying capitalism or any ism it bad (or good). However the current system makes a kind of idol/worship out of the large companies and thier CEO's, people aspire to be these people they are held out to be the wunderkind, the rich the successful. Having read the biography's of some of them, it seems indeed they were exceptional people, but there was a lot of luck involved as well. In short the large companies are one of the signifier of the benefit and affirmation of the governments that habour them and construct the conditions to see them come to fruition. They are the evidence of the need for the structures of govt to regulate and the rational of the quid pro quo of government intervention/legislation. BTC comes along without any of this and very publicly, by orders of magnitude shows another way, that when given the instruments, the masses can actually not only choose for themselves but do a far better job at it, than any monolithic government or corporation could ever achieve. This may cause some serious questions to dawn on minds that have only had one way traffic of you need the centralized government for the benefits they confers. Some of the purported benefits will not seem to be quite so sure. |
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a better question is can wallstreet survive bitcoin / DAC's?
imho, wall street and friends, not in their current form,
because we now have a decentralized clearing house
People have been organizing to take down Wall Street since the 1840's. You can't kill an idea. you can with a better idea... eg, cassette tapes or vhs, long gone, thermodynamically more efficient always wins out, memetic competition. (that's thermomemetica for you) and when I say wall st, I don't mean just was street I mean that whole trading system. I am *not* saying they wont survive, but if they do, it won't be in their current form |
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a better question is can wallstreet survive bitcoin / DAC's?
imho, wall street and friends, not in their current form,
because we now have a decentralized clearing house
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I read some really good stuff here and would like to be able have an integrated tip function in btc.
could this be implemented some how?
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Since when bitcoin stopped being currency and became company?
my error for not being explicit, pls refer to edit. btc may have element of a DAC, but is a currency first and foremost. |
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As long as you're working or earning money in some form, your salary should adjust for inflation so an annual rate of inflation of 3% or whatnot shouldn't be a problem. Of course, you also don't want to hold all your money in a savings account or your checking account, that's why it's a good idea to invest in a portfolio of stocks and bonds. Historical returns of these assets have outpaced inflation considerably, even if it misses the mark on the occasional year or two. If people are unable to save any money throughout a lifetime of working, then I'm sorry, but it's not the fault of inflation. It's a matter of personal saving.
that is the exact horse shit I am talking about, take time and think about it, they keep doing the same shit over and over and all over again, prices goes up 10% and they raise the minimum wage 3% to give you the illusion that they are fixing problems.... You're just making an emotional argument. I'm not sure where you live, but most developed nations strive to keep the rate of inflation at an annual rate of 2 or 3% year over year, and that's generally how it goes. It doesn't go up 10% in one year, unless you live in Zimbabwe, in which case I apologize. The purchasing power of minimum wage does fluctuate up and down a bit year over year, but that's just because it isn't changed on any regular interval. The current purchasing power of $7.25 is approximately the same or perhaps even higher than it was 50 years ago. But nobody has ever been expected to live independently or raise a family on minimum wage in the first place, it's a worker's responsibility to develop their skills and the rest will follow. If you're 30 and still making minimum wage, something has gone wrong. You're going to have to elaborate on why inflation is so evil, more than just calling it "horse shit" and telling me to think about it. Maybe you're the one who needs to think a little harder. the worker is regulated out of the market by vested interests. Eg you want to work as 'x' you need this license issue by the state. It does not matter how hard you work or improve yourself, the quota system defines that you will miss out. Eg i can learn to fish, but if I can't get a state license to fish my skills are useless. Govt regulation + vested interests are the real problem |
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A. Money becomes ubiquituous coupled with the proliferation of altcoins (thousands of them, perhaps everybody having his own coin),
this is a senerio I have also stated before in similar terms.
there is one proven way to crack bit coin private keys. Make an alt, and the wetware (human brain) will retrieve private keys and send you BTC.
The wetware is forced to conclusion they have to diversify.
To me it looks like everyone will be running their own chain, pos, to some extent, plus several side chains like chaf to ne attacked at cost to the attacker, who then will in turn face attack as they have had to divert hash, resources.
several larger chains/pos will emerge, as the main carriers, of wealth, but its not going to be a winner takes all. The BTC decsion making process, while excellent cannot afford to agile enough to evolve fast enough due to market cap/importance. However alts can rise and die quickly with little repercussion.
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Within 2-4 years it seems quite plausible BTC will have worlds largest market compared to the cap of any public company by a good margin, get nearing the 1T mark.
[Edit] I am not saying BTC is a company far from it, it is a currency! just for comparison as this is something the public will understand. Eg they know apple is big (now) and when they hear BTC is bigger.....they will understand sit up and take a bit more interest
how is the world going to feel about this.
also how many people do you think are employed by BTC
[1] DEV ing for a BTC or related research dept (alts) and associated software
[2] In the marketing dept
[3] Funds management
[4] Consulting
[5] exchanges
[6] Legal/regulation
when I think about it, I begin to wonder if Microsoft or apple could afford all the hours worked on BTC
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13 months time
weak hands sell at 9K
wait for it to got to 10K again
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(unless it is too abstract to kill, like, an idea) = bitcoin
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Wall Street could push Bitcoin over $100k. Bitcoin went 100x in 2013, why not again in 2014?
Fairly simple actually, stocks don't grow exponentially after a certain point, it just isn't feasible. XBT increased its market cap in one year by ~10B. Which was a great feat. But for XBT to increase 100x again, the market cap would have to increase from 10B to something with way too many zero's on it in one year.  Can it get there eventually? Who knows. A LOT of factors have to fall into place for that to happen. [1] BTC is not a stock, when will you stock people understand this, do you understand that no one made money selling stock/buying them? All you do is swap around existing fiat, that is gov controlled by basel III CCR, through FRB. [2] In here (the BTC forum) it looks like everyone knows about BTC, out there, look around, I can go to any public area, shops, beach, park, and everyone I see, 10 000's of people, none of them know about (in any actual detail) and less, 1/100,000 have btc. [3] BTC is an S curve uptake event, that will likely go faster as it gets bigger until it reaches saturation, like email, microwaves etc. The saturation point is some where in the xx trillions. The only question that remains it what share of the pie will BTC, vs LTC, PPC, NXT, EMUNIE and  [4] Wealth will flow to whatever entity legalises/ uses BTC Since Singapore Denmark, Germany have legalised BTC capital will flow to them, the city of London, will also come online, which operates as a power unto itslef, with thousands of years of history. Where there money to be made the City will do it. Thats why it does +1.3 T forex a day. BTC can fork to tech that it needs, has a competent dev, and network effect, but you never know. [1] OK, I'm a stock guy. I'm giving the benefit of the doubt calling XBT a stock. Ok, lets go currency. What's the daily maximum value you've seen a currency go up? Ok, maybe a commodity? How much does gold move? XBT acts more like a penny stock (yes, not anymore) than anything else currently on the market so refer to it as a "stock". [2] That still $100B in -new- money needed to get to 10k... [3] BTC is a -possible- S curve uptake event. So far. But there is enough negative news that can effect the price more than the actual fundamentals. [4] I've actually posted about that in another post. There will a country that fully embraces XBT. It won't be US, Russia, China, etc. It will be a somewhat smaller country with a very inflated currency. Money will flow into that country. I think that is the best bet for XBT exponential price increase. [1] German mark inflation vs gold, exponential. S Stock traders have to get their head around they have never made any money, ever on any trade. The just swap existing money supply. BTC is completely different. This is direct currency competition, money itself. Microsoft, Apple, Exxon, Toyota, BHP ,<insert your stock here>, never made a single dollar, nor did their stock. Existing money supply given to them. The existing money supply is controlled by fractional reserve banking in tandem with the capital reserve ratios they ascribe to and interest rates, via Authorised Deposit-taking Institutions (Banks) Excluding cash, which is the minor part of the economy, this means everyone ultimately is paid because some one stood in-front of a bank and obtained a loan <insert you bisness here> and ultimately the bank excuted a loan upstream so that you were paid. The only way to pay of that loan of is to execute another loan from a bank, and so you get a massive inverted pyramid of never ending loans needing to be executed to service existing loans. This causes endless devaluation of money, and profiteering of banks at your expense or work. It also insulates central government from bad decsion making which cost trillions, because they can just print more money, by self executing loans and propping up the banks with taxpayer labour appropriated by both using the common currency, printing more and tax of that BTC has for the first time given a mean to catch all of this inefficient behavior, money printing, bad decisions, over taxation. And we are not talking billions, bit multiple trillions. [2] $100B is not much money in the scheme of things, and it only needs a little bit of that , to push the market cap to $100 B. [3] agree, but see 4. [4] agree |
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