Jaxx.io is all the wallet I need. I don't hold a lot, nor do I want a lot. Btw, when is jaxx going to support monero?
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Yeah, I just updated to core 10... and can't solo mine either. So game over? I'm just trying to win the lottery every 10 minutes.
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Since Peter started doing his weekly podcasts he's talked about bitcoin a few times. I sometimes forget to post it. But on his YouTube video descriptions are links to when he talks about it. Podcast #5 @ 30:49 http://youtu.be/nYiyQl7O6HIPodcast #6 @ 45:00 http://youtu.be/Ob8stmxfbFg
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Meanwhile I don't even have one. I feel like giving up on Bitcoin and so do my friends when I see this shit. Depressing.
Yeah, because when that person decides to dump their coin on the market. Poof! Bubble popped!
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I solo mine 3gh. I figure I have a 1 in 42 million chance of hitting a block every 10 minutes. Better than powerball odds, not as big a jackpot tho. But I'll take it.
Is my math right?
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Bitcoin's price development since 2009-1-3 (the inception) correlates 0.935 with an exponential trendline.
If I had a medium sized investment portfolio (I do), I would allocate as follows:
Bitcoin 45% Monero 5% Real Estate 20% Small Business & Projects 10% Cash, financial instruments 10% Gold 5% Silver 5%.
If you don't want to invest 50% in crypto, just invest 5-10% and it will become 50% spontaneously in 1 year, should the trend continue.
I think that your PM holdings are too small. With the coming unraveling of fiat and the collapse of derivatives, precious metals to the moon. And only what is in your hand do you really own! Of course with this collapse it will trigger widespread death and destruction as war engulfs the planet. Do you have a hardened shelter beneath your castle? How many BTC or ounces of gold will a room cost? LOL! 45% btc is way too much IMHO. No NXT? You need more financials, i.e. foreign stocks. And did I miss something? What's Monero? I googled it, but don't feel like sorting through the BS. Can someone sum it up for me?
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I just read an interesting tidbit and I assume Peter knows this:
Wharton's Jeremy Siegel found that from January 1802 through June 2013 gold returned 0.6%.
So after Peter's cut, there's not much there for his investors speculators.
I won't question his ethics, who am I to judge?
Gold doesn't pay dividends. It returns 0%. Gold protects against inflation, plain and simple.
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Everybody laughed at him all the way up until the housing crisis occurred. People are laughing at him now regarding the crash of USD. Now all of the people that laughed at him won't even talk to him. The whole bitcoin community laughs at him. I think he's right. Bitcoin is a bubble. Peter says, "If it looks like a bubble, walks like a bubble, and quacks like a bubble, it's probably a bubble. And if there's one thing I know, it's bubbles." When/if bitcoin goes main stream, all of the early adopters holding hundreds or thousands of bitcoins will cash out all at once. Then it will crash. Bitcoin is a means to something greater. Only time and ingenuity will tell what that is.
And keep in mind that Peter doesn't really accept bitcoin for gold. He uses bitpay.
He still believes in the political process and that the way to fix the system is to reform it from the inside. He thinks the solution is to just get the right people into power. He seems to prefer "top down" solutions over "bottom up" solutions. He even flushed a lot of his own money down the toilet on a run for the Senate a few years ago. He believes in limited government. He believes in a gold standard. He believes the only job of government is to protect life, liberty, and property. No more, no less. There are a lot of problems with our gov, no doubt. But I think the fact that Peter consistently puts his money where his mouth is says a lot about his integrity. He's no hypocrit, far from it.
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Has he change his view on bitcoin yet?
He was right on real estate, but dead wrong on bitcoin.
Everybody laughed at him all the way up until the housing crisis occurred. People are laughing at him now regarding the crash of USD. Now all of the people that laughed at him won't even talk to him. The whole bitcoin community laughs at him. I think he's right. Bitcoin is a bubble. Peter says, "If it looks like a bubble, walks like a bubble, and quacks like a bubble, it's probably a bubble. And if there's one thing I know, it's bubbles." When/if bitcoin goes main stream, all of the early adopters holding hundreds or thousands of bitcoins will cash out all at once. Then it will crash. Bitcoin is a means to something greater. Only time and ingenuity will tell what that is. And keep in mind that Peter doesn't really accept bitcoin for gold. He uses bitpay.
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Devils advocate. What's backing bitcoin?
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Can't think of a witty response, Mr. President? Or have you finally decided you have better things to do than attend class?
I'm not following you?
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Gotomypc has an app. Works great to monitor your miner.
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As far as I know you can import the wallet file into any bitcoin wallet and it will work.
The second password for blockchain.info is only to spend BTC on blockchain.info only.
Right, use multibit
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All you need is your wallet.aes.json file. Should have been emailed to you. You can create a new account and import your private keys.
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And this is why it's a bubble ready to pop.
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I love Amsterdam! Been there 5 times. Smoke a phatty for me!!
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