One could argue the USA already has a substantial amount of BTC @ the FBI.
+ pirate@40 surely will have his coins confiscated when he gets to court for the BTCST thats a very sustancial number cominbined with the missing silk rd wallets if DPR ever gives them up |
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I AM PRETTY CONFIDENT OUR GRANDCHILDREN ARE THE NEW WEALTHY ELITE, GENTLEMEN (and bitchick)... NOT US!! DEAD SERIOUS
it will catch on a LOT faster than that ,probably faster than anyone ever imagines at the moment i dont think wel have to have grandchildren to see the btc network + coins reach a high value im thinking 10 years or less for a btc to be very valuable |
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The recent China dump was a deliberate act of market manipulation by the Chinks to lower BTC price and allow China to add to its reserves... FACT!
Any country lumbered with USD will be unofficially buying BTC
You need to get your facts straight. China simply wanted to keep bitcoin separate from the banks and their fiat currency. When you put your fiat money do you really know what happens to it? Do you know the long-term damage that is caused to the government and the banking system when you take your fiat money out and put it into a digital currency like bitcoin? It doesn't sound like you do otherwise you wouldn't be making this accusations about China. Banks aren't going to go down without a fight, expect to see more of this around the world and at the same time the media outlets reporting as they want you to see it an hear it but not what really is going on.  This is why I don't rarely watch the news on the TV, and see why now with the control the media has over people like yourself why the "wealthy" not the "rich" are raised without a TV. Sorry buddy, could you re-phrase this rambling gibberish into a succinct and coherent arguement? I restate: The Chinks deliberately manipulated the Bitcoin market recently so they could add it to their reserves... still a FACT! the chinese goverment could buy every coin in the exchanges if they wanted to the fed is not the only one who can print shitloads of cash with nothing behind it lol there would be no need to crash the price to get it cheaper for the likes of the chinese govt |
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i understand that it's supply and demand, but how do they computate the exchange rates? is it an algorithm? is it an average?
is it not calculated by the last traded or average trade price of the last few trades ? |
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I find it unlikely that the 1% will just hand over their wealth to the nerds. Be prepared for a fight.
.... this is one thing the 1% pretty much have the same vote as everybody else ... if no-one is using your crap money, it doesn't matter how much of it you have. Bitcoin is about non-violence. current problem is almost 100% of the world uses the "crap" money its harder for the 0.1% who have a better solution to make a btc economy when 99.9% are stuck on the old system .....at least in the early days |
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btc -china was bigger than gox before the chinese govt news
and coins traded for higher prices there as well
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old coins don't move anywhere
Well yesterday alot of them did move! Can somebody figure out where to? that was probaly me reorganising my wallets lol |
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DPR will not get released if he refuses to give up the rest of the coins or the passwords to the wallets already seized i dont think hes in much of a position to haggle with the 5 or 6 murder charges they tacked on as well as everything else the judge will not let him come out to 500,000+ btc that would be like a bank robber getting to keep the stolen money to enjoy when he gets out |
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This thread is the proof that this altcoin shit is getting out of control..
dogecoin is proof enough for me that alt coin mania has surpassed stupidy this op is another prime example  |
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The difficulty is already at 10 so I basically missed out on mining it already I'll probably launch another coin tomorrow
Post of the year. one of the finest posts in the history of btc |
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silk rd drugs are not cheap lol
nearly everything is cheaper to buy locally
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Satoshi should redistribute his coins if he isnt going to spend them anyway
21 million isnt really enough especially if hes got 1-1.5 million that will never
be used
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when the solar flare hits your fiat atms are not going to be working either if it takes out the internet and power on your continent it will take out the regular banking as well (atms and debit cards wont be much use without their network to connect to so no benefits over btc ) you think high street banks are going to let people withdraw if they cant turn on their computers to see how much ? any natural disaster that could wipe out the bitcoins coud wipe out fiat currency equally well since all money its pretty much digitally controlled anyway unless you have a bedroom full of cash youre going to be screwed either way |
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I save about 10-15% of my income every month. It used to be in UK investment trusts, but it's now all going to bitcoin. I have played with the idea of maybe investing some in gold coins, but I don't trust the government to not confiscate it when the economy implodes because of the massive national debt burden and a time when treasury prices go no-bid. Having said that, predatory governments could say "Give me your bitcoin or go to jail", but I think that's unlikely.
I am now wondering if I should cash out a good portion of my investment trusts and convert to bitcoin. Not sure yet.
its harder for them to prove you have any BTC " or go to jail " even if they can prove you bought some ,you could have accidently deleted your wallet.dat or had a hdd crash  a lot safer than silver /gold in that respect I have thought about gold and silver too, but it is much harder to prove they are what they are when you buy or sell, than crypto. This is reflected in the overhead involved. 1)It is harder to convince a buyer a random lump of gold or silver is real and as pure as you claim, than a gold or silver bar/coin engraved with company names and serial numbers, in a sealed case, so there goes the fungibility. Even different make fetches different prices. 2)There are horror stories of people finding tungsten bars in their gold, even in gold from reputable companies like pamp suisse, serial numbered. So you have to do things like ultra sound scanning to check it. If you melt it down, see 1). 3)There is no way to verify whether physical pm backing paper pm instruments are really really there. So for all we know paper could be dragging physical price down. (paper gold inflation) With a bitcoin, you know what you have is 100% pure and its all bitcoin inside. I am sticking to crypto for now. there was a flood of those gold plated tungsten bars in NYC and they looked so professionally made people rumoured that a government might be behind it rather than a gang of criminals (to put people off the idea of hoarding gold etc ) at least my encrypted bitcoins can go on a micro sd card,laptop ,usb stick ,on a piece of paper ,cd or dvd ,cloud storage , etc etc ,if i changed them to gold id have to have a bulletproof truck to follow me around or pay for space in a bank vault to store it all which kinda defeats the purpose of "easier money " and whats to say the bank will never deny me access to my gold if something terrible happens the economy as many analysts predict i agree with you and i also with be sticking with my bitcoins |
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I save about 10-15% of my income every month. It used to be in UK investment trusts, but it's now all going to bitcoin. I have played with the idea of maybe investing some in gold coins, but I don't trust the government to not confiscate it when the economy implodes because of the massive national debt burden and a time when treasury prices go no-bid. Having said that, predatory governments could say "Give me your bitcoin or go to jail", but I think that's unlikely.
I am now wondering if I should cash out a good portion of my investment trusts and convert to bitcoin. Not sure yet.
its harder for them to prove you have any BTC " or go to jail " even if they can prove you bought some ,you could have accidently deleted your wallet.dat or had a hdd crash a lot safer than silver /gold in that respect |
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to much crap coins at criptsy and it looks like criptsy never retire some coins
What coin would you want to remove? You can simply deselect them from trading where you do not even see them. Would you want a coin you have invested in to be removed? Number of coins is not the issue we have been having. 65000+ new users in 25 days approximately. At the current rate there will be 100,000 new users next week. The problem is sheer load we have made major investments in hardware and manpower to address this. These investments are not realized overnight shipping. installation and training are required essentially it takes time. I would start expecting to see the results of these investments in people and hardware in the very near future we have already made tremendous improvements as it stands. Guys sorry for the delays. If you have a support issue outstanding we will get to you. New staff is able to handle more and more types of tickets which frees the experienced staff up to get to the harder ticket types. Then if you can not handle with existing amount of users you should block registration for some time, until you get new hardware. If that what you say is true then criptsy will be stucking in a week again. why not let coins keep coming in from new users ? when they eventually scam or get "hacked" they will have an even greater profit |
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I don't think that this is the time to ask about all our wealth... These days the question is if you are going to store even a single dollar in BTC  YES! |
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A lot of people sell early, then get out of the game permanently.
When BTC hit $1000 again, I'm sure there'll be a ton of people who sell with their double profit then get out.
Only those who keep buying and hold have really become wealthy from BTC.
anyone trying to make a quick buck trading can more easily end up poorer since they need to be right more than 50% of the time EVERY time to stay in profit after tx fees you can watch the news and be 'ready" nearly 24/7 but you risk exchanges getting hacked ,going insolvent doning risky deals with everybodys money or the owners just decideing to retire and taking the wallet with them etc etc etc |
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