Either way, the blockchain is still very small compared to cheap drives to store it on. Once it gets up to 2Tb - I am going to start to worry.
From the bloackchain.info chart, I assume that the size is increasing at a rate of <10 GB per year. So I don't think it'll reach the 2 TB size anytime soon. |
|
|
|
People on eBay don't know what they are buying, it's not hard to manipulate what the returns look like. You can buy eruptors, a usb hub and a fan and sell it for a LOT more then what it could possibly make.
But then it is not easy to sell BTC-related items through Ebay. Lot of people have been banned. |
|
|
|
First I think it is crazy that a court can make you share your assets with your ex-wife. You guys have some crazy laws in your part of the planet. I hear Berlusconni has to pay millions of Euros every month to his ex-wife as "alimony". I just don't see what the justification is for something like that. The laws are the same in almost all the countries... I am talking about US, Canada, EU nations, Russia & CIS, Australia & NZL, India and even China. |
|
|
|
in all seriousness -
how could they?
i like his plan.
Me too. Already I have close to 25% of all my assets in BTCs. And no one knows about it, except for two of my close friends. And about 65% of the net worth is in the form of real estate, which I had inherited. (In my country, in case of a divorce, property passed through inheritance is not affected). However, in this case he should have waited for a few more months (or 1-2 years). Unless he received the BTCs through peer-to-peer transaction involving hard cash, the prosecution can track the movement of money from his bank account to the account held by the BTC exchange. All of a sudden, in a relatively short duration (3 months), he has converted all his money to BTC... that will provoke some questions. |
|
|
|
|
Hmm.... this is a bit disappointing.
According to the latest data from Forbes, there are 1,426 billionaires in the world.
On the other hand, we have only ~1,150 bitcoiners, whose stash is worth more than a million USD.
|
|
|
|
for the typical poor person in a 3rd world country, is it worth that extra effort and time to save the money? i'd say yes, since they are not wealthy.. but the problem is how many of them are tech savy enough to use bitcoin? another issue: it costs money to convert fiat into BTC, so that should be associated with the costs as well.
They don't need to be tech savy, as third party business is doing the transaction. The currency conversion charges associated with the conversion of USD to Kenyan Schillings will be slightly less than those associated with conversion from USD to BTC and then to Schillings.... but the commission (Bitpay ?) will be quite low... Western Union charges around 10% for lower amounts, if I remember right... |
|
|
|
Casascius has more Bitcoins than he can cash out anyway.
Definitely not. How many BTCs he is having? I am sure that must be <100,000. The BTC China volume is ~150,000 / day. So if he want, he can cash out in 24 hours. |
|
|
|
|
It was better to have a poll here, rather than people posting in their age. Now it is quite tedious to calculate the average age.
|
|
|
|
|
Done. Details in PM.
I have 300+ FB friends, so I hope I'l qualify.
|
|
|
|
Also you have to remember there will only ever be 21,000,000 coins and about 13,000,000 around at the moment. If bitcoin reaches 10k then that would indicate a huge rise in people wanting to buy (probably at least 1btc or 1mBTC). We may still be in the early stages waiting on exponential growth. If you own 1BTC at least there is a chance you will be rich in the future.
Hmm.... to be "very rich" in the future (i.e some USD 5 million worth), BTC should climb to $250,000 for me.... In the near future it looks impossible.... In the next few decades... may be possible. I still curse myself for not taking BTCs seriously when I first heard about them. |
|
|
|
|
Is Lamassu planning to install Bitcoin ATMs anywhere outside Canada?
|
|
|
|
China will always stay loyal to the idea of Bitcoin I can personally guarantee this.
The working of Bitcoin matches the Communist ideology.
How that matches the communist ideology? Most of the people who own Bitcoins are white males in their 20s or teens. That would be against the idea of communism. Isn't it? |
|
|
|
|
If I am not mistaken, China Telecom is completely owned by the Chinese govt.
So indirectly, this can be interpreted as the Chinese government giving some sort of legal recognition to the BTC.
|
|
|
|
Right now my BTCs, LTCs and TRCs are worth around $30K. When BTC cross the $10K mark, my coins will be worth some $275 K So far I haven't sold any of my BTCs. However, when they cross the $10K mark, I think I'll sell 20% of my coins.  For that money I'll buy land or gold. |
|
|
|
I'm in the 25-29 age range. First bought BTCs 10 months ago. Should have done that long ago.  |
|
|
|
I am quite skeptical. The Chinese Reserve Bank has announced that they will not regulate Bitcoin. |
|
|
|
Sorry, but this means giving credit to MTgox. All I hear about Gox is that you shouldn't use it because of the huge delays and bad response of customer service.
Most of those troubles is because of the unofficial "boycott" of Gox by the bankers in USA and Canada. Gox want to pay its users on time... but what they can do if the banks refuse to move their money? |
|
|
|
|
Show Posts
