Personally I've got nothing to worry about until USB can plug into my brain.
What about when you go to spend your brainwallet? The BTC in my brain is for long term storage. By the time I need to spend it, there will be wearable tech that detects my unique heartbeat (we all have unique heartbeats) to secure my transactions. Ask me again in 5-10 years and I'll let you know if it's a problem. |
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Personally I've got nothing to worry about until USB can plug into my brain.
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Funny on the misspellings.
Yes it does seem like the tipping point is being reached. More and more businesses are accepting it. The only I'm worried about is that if it gets bigger and still has these issues like the 51% possibility then someone will come around and spend millions to destroy it.
Trying to destroy Bitcoin by buying bitcoin is like trying to put out a fire by pouring gasoline on it. |
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Who cares ? Bitcoin doesn't exist to make english-speaking first-world pukes like us slightly richer than they already are.
We have everything, even the poorest among us have running water, electricity, decent food, ACCESS TO BANKING, and internet access.
There are like 4 billion people on this planet who lack some or all of the things I just listed. Bitcoin is for THEM, not for you.
Check your privilege.
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I don't think so. I reckon Satoshi is a really nice guy! He would never crash this currency!
2 posts? THIS GUY IS PROBABLY SATOSHI! LET'S GET HIM!! We'll beat the Bitcoins outa him!
 (joking, obv) |
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No.
I've said it before, and I'll say it again, his BTC stash is worth 600 million. At this point, it should be clear to anyone with sense, that if Satoshi wanted/needed the money, he would've started spending it by now.
Bitcoin was a gift to the world.
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It's the usual corporate kabuki dance where if one person or department has done something egregious, everyone is punished by the revised set of rules. Astute analysis my friend, thank you for it. |
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Buy? I just steal groceries. Most grocery stores have very poor security. Just shove them apples in your pockets.  |
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It's not the decision of the world bank, it's the decision of the world.
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Trying to use the past to predict the future of a volatile commodity like bitcoin is an exercise in futility. You sure about that? The pattern seems easily recognizable to me.  FYI I dumped my life savings in the middle between the two red boxes. No regrets. |
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It's growing faster than the internet was in 1995; faster than twitter; faster than facebook.
Price != adoption
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All signs point to a lack of critical reasoning on the part of the OP...
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Yep, me. I have 95% of my net worth in bitcoins.
By the way it's typical how you categorize this as brave or stupid, rather than smart/wise/visionary.
Furthermore, this also leads to the question: who is brave/stupid enough to invest their live savings into fiat?
Damn near everyone is stupid enough. As for brave, well that I cannot say. I'd argue the brave ones are the ones with the courage to pull their money out of a corrupt, broken system. That's you and I, friends. |
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that's just capitalism for you. everybody wants to protect their assets. if saving $10 means it'll cost other people $1,000 more, then why not?
Truth. Follow that to its logical conclusion and you get: "If gaining $100,000 means 1,000 strangers in a far away land have to die in firebomb, then why not?" Capitalism is violence. |
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Investing your life savings into any one thing is idiotic. Despite the fact that you could come out way ahead, you should always be at least a little diversified.
I guess if you really want to put it on the line, it is ok to do so only if you only have yourself to look after
If you have children, or a family that depends on you to handle the finances, then you should NEVER put all of your money in one spot.
That's a good point, but it really shouldn't even need to be said. If you have children, it's obviously totally unethical to take risks with their future in any way, shape, or form. That being said, if you have children and aren't already independently wealthy, you have failed at financial life. |
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It is not the money that you want, but the freedom from wage-slavery that having money would grant you. It is an escape from the rat race that you truly and desperately desire. Your soul longs to be free.
“The strategic adversary is fascism... the fascism in us all, in our heads and in our everyday behavior, the fascism that causes us to love power, to desire the very thing that dominates and exploits us.”
-Michel Foucault
The hard truth is, no one is free from wage-slavery until everyone is. You will come to see this in time. If not, your children will, or perhaps your grandchildren if you're particularly stubborn and ignorant.
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Yes but part of the appeal of crypto is you don't have to use payment processor.
If going to have the money flow through a third party anyway, why deal with the volatility? Because volatility is temporary, while increasing value is permanent. For fiat scrip, decreasing value is permanent. I'll leave the math to you, detective. Bitcoin hasn't been around long enough to determine if the increasing value is an intrinsic property of the currency. It's a scarce resource, deflationary in nature. Of course it's an intrinsic property. One could've predicted that before Bitcoin was even launched if Satoshi described the limited nature of the currency. In fact, the earliest big investors DID correctly predict that reality. Today we call those people "smart money", and many of them are "Bitcoin millionaires". |
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The best response to this hostile-takeover of a "regulation" was given by Bruce Fenton, in a speech you can watch here.The TL:DR version is - Fuck Ben Lawsky and his insanely out-of-touch bank-takeover regulations. It will leave New York completely out of the Bitcoin scene. I feel sorry for every Bitcoin entrepreneur that is a New York resident right now. I'm glad I simply dumped all my savings in, rather than trying to start a business in this fucked up, corrupt ass state. The banksters own New York City and New York State. And they're rightfully terrified of Bitcoin.
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