Why not spend them when I can pay less when paying with bitcoin and buy the coins at the time of use?
Because the BTC you bought "at the time of use" may be worth $100 more the next day and could buy you a whole lot more? Try it with numbers and maybe you will understand. Say you have $1000 and 2 BTC and bitcoin is US$500ea and you want to buy something for 1BTC or $500. Seller's offer is that they will ship sameday express if you use BTC (because they have no risk). I want to buy this thing and maximize my BTC. I can either spend 1 BTC and buy 2 and end up with 3 BTC and sameday shipping, or spend US$500 and buy 1 BTC and end up with 3 BTC and wait on shipping. Either way I have 3 BTC but by spending the BTC I get shipping faster, seller has less risk and less fees. When you spend them, everyone wins, so your worry is silly. Make sense now? |
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It's sade how miners have to stick with USD to get a positive ROI  hey its "virtual gold" even gold compares itself to something..now when paypal and ebay take BTC that will loosen up a lot ..may work its way the other way around comparing USD to the amount of BTC you coulda had at a certain point in time just saying "mental games" ...that earth killing asteroid coming straight down on earth over the north pole (no telescopes to warn us) will probably make this all moot next week karma is a bi*ch and I myself am gonna play "look out for trucks next week" goes around comes around (prob tues with btc crash sigh) they do call this forum "speculation right......also everthing I think I know is wrong do the opposite odds are better for you If bitcoin was to be accepted by ebay/paypal, I predict the mother of all spikes followed by the daddy of all crashes when people realise only 1% of the bitcoin community will actually spend their bitcoins as a currency for goods. Who here would just start giving their bitcoins away in return for stuff that you could buy with fiat? And what can I sell you? Why not spend them when I can pay less when paying with bitcoin and buy the coins at the time of use? |
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Live stream of us politics = C-SPAN It comes with basic cable TV nationwide and is pretty easy to get. |
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 So what will happen on monday? Will we get a crash, will we go to da moon? Are you going to hold like spartans or are you ready to sell? Interesting that Lincoln is applauding, his Greenbacks were both an affront to the Rothchild's bank, and an unbacked fiat legal tender note printed at will, to for the same most new fiat notes are floated, to finance war. As a centralizer of power, Lincoln was adept. It set a dangerous precedent in the same stroke as attacking another dangerous precedent. |
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I can honestly see this going to 1000$. And once it hits 1000$, mainstream media wil go CUCKOO.
The Gold Bitcoin parity meme will be the obvious discussion. Advantage bitcoin. Well, a satoshi has been worth more than an atom of gold for a long time already... The only sensible comparisons between the two are the cost of their smallest unit (Bitcoin is much greater) and their total market cap (Gold is much greater). By "sensible" here we mean to mathematicians and physicists, rather than to people that read newspapers and watch TV. |
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An interesting thought struck me earlier - now that the majority of my personal wealth lies with bitcoin, what would be the best and most secure way of leaving them in a will?!? If I were to get run over by a truck tomorrow, my coins would probably be lost. None of my family or friends would have any idea what to do with paper wallets either  You could set up a bank account, linked to bitpay or some payment remitter, and use a time-locked transaction to it. While you are alive, you can periodically interrupt this transaction so that it is not sent. After you are dead, you no longer can and it will fund the bank accounts of your heirs. There should be a service to do this for you before too long I have heard several in the works. |
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So on crumb world, no one has these rights, except that everyone has them, and they are administered by the psalm 23 government?
Your Kool-aide is very strong stuff my friend.
Drink deep of sweet nectar that is my prospectus. I anoint thine refineries with light sweet crude; thine tank runneth over. Nay, that drought is too strong for me, it has you imagining me bragging about my owning guns and the right to kill, I suspect hallucinogens or some other paranoia inducing substance. You might want to get yourself checked out before you get checked in. You do not own a handgun? I have never said whether I do, or do not, and with great certainty have never bragged about it either way. Seriously, seek therapy. Trying to make this about me is not going to help you find yourself. |
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So on crumb world, no one has these rights, except that everyone has them, and they are administered by the psalm 23 government?
Your Kool-aide is very strong stuff my friend.
Drink deep of sweet nectar that is my prospectus. I anoint thine refineries with light sweet crude; thine tank runneth over. Nay, that drought is too strong for me, it has you imagining me bragging about my owning guns and the right to kill, I suspect hallucinogens or some other paranoia inducing substance. You might want to get yourself checked out before you get checked in. |
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Bounced down off resistance at CNY 3K, but looks like making another run at it.
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So on crumb world, no one has these rights, except that everyone has them, and they are administered by the psalm 23 government?
Your Kool-aide is very strong stuff my friend.
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Buried treasure has territorial issues, isn't transportable, and is otherwise extremely impractical for many eventualities.
Brainwallets do it all: deniability, instant access, not capital controllable, not stealable...
Memory fails, people have strokes, requires technology, can't wear virtual on your finger as a symbol of the purity of your eternal love. Don't get me wrong, I love bitcoin and have more of it now than gold, but nothing is perfect, don't oversell. Brainwallets do not "do it all". |
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This is horrific  Oh yeah, doing your time playing video games... oh the horrorz! |
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Now the question becomes:
Is this the vertical of the Sigmoid curve or are we ahead of it and due for a major correction like in April?
We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins. You know we've been able to order off Amazon with Bitcoin for quite a while already, yes? Using Amazon Gyft cards. http://www.gyft.com/bitcoin/ |
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$500!!!!
looks like the chinese were later after all...
I think the impact of demand from China is overblown. The volume in China is driven by day traders because of the 0% commission rate. I think new U.S. investors with deep pockets are behind most of the recent price increase. If I were given to conspiracy theories, I would think that the media was scheming to link the price of Bitcoin to made-up Chinese demand, expecting the Chinese government to outlaw Bitcoin, thus creating a big crash. I don't follow that logic at all. Why would it be outlawed, and even if it were, why would that create a crash? Why wouldn't they do the opposite and encourage it? You are familiar with their position on WoW gold? |
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... yes, and all computers, and backups are secure?
"Ring the bells that still can ring, Forget your perfect offering, there is a hole in everything, that's how the light gets in." I was speaking about deniable systems, like a brainwallet. OK, then maybe he was speaking of his MATS vaulted bullion. Or his buried treasure chest with a memorized or encoded map. We all love our bitcoin, but lets not overreach. Its not perfect for everyone or all purposes, and may never be, that doesn't mean it is anything less than what it is, the best new money produced in ages. |
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Au contraire! If you store it in a bank vault, they already have the keys! If you hide it in your house, they can always rip your house apart trying to find it while you are away. (Or detained for one of infinite reasons)
... yes, and all computers, and backups are secure? "Ring the bells that still can ring, Forget your perfect offering, there is a hole in everything, that's how the light gets in." |
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the chinese see bitcoin as a more practical finite resource than gold and they are going mad for it, it's sad that they have more fore site than the rest of the planet
I don't even know if that is true, but why is it sad? |
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Lol no. I simply pointed out that your claim of governments having "...monopoly on the right to kill, steal and imprison and impoverish" is absurd. If you would like me to take a position on this, i'd point out that "the governments" may be good for some (things/people) and bad for others. The word "good" needs context, or at least a subject to be meaningful. (Is killing "good"? A meaningless question. It's good for the killer, ideal when there's killing to be done. For the victim, not so much.) OK, I'll bite. Maybe today is the day you teach me something. Who besides the governments have these rights? Or is it that governments don't have them? You have heard of Max Weber, yes? |
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