In my wallet, at Olivia Plaza, I have a 100$ bill and a American Express credit card. I also have one pound of pure gold. None of them are accepted by the Olivia Plaza Hotel to buy a pizza. I search through my other pocket : I find a diamond ring, a pound of pure silver and a some papers telling me that I own some parts in a company called Google.
According to you, they are worthless and can be throwed away. I can't buy a pizza with them at the Olivia Plaza Hotel…
Only the Olivia Plaza Hotel will have no problem at all accepting the 100$ bill and the AmEx card, so? |
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WTF people, are you really talking casually about an assassination market and how you could operate one?
What the hell is wrong with you?
Look, I accept the fact that any anonymizable currency (both bitcoin and fiat notes) can be used for criminal things, there is little I can do about that, and I think the benefits of bitcoin far outweigh the disadvantages. But you are talking about providing an infrastructure for these things like it is OK.
Why shouldn't it be OK? Please don't discriminate against people just because you follow an outdated value system. |
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...you're wrong in each point by the way. You can buy pizza with Bitcoin and BitPay just figured out how to provide service for sellers with goods in an amazon warehouse.
I am at Olivia Plaza Hotel, Barcelona, Spain at the moment. I have 12BTC in a wallet on my smartphone. I am hungry and want a pizza. Question for you: What do I do now?You meet with a dude with shaggy hair in a gas station. You have your smartphones with you, initiate a trade, then stand around for 20-30 Minutes awkwardly while waiting for the transaction to confirm. You tuck your Euro into the plastic wallet thoughtfully labeled "outdated currency" in permanent marker. You go back to your hotel and inquire about the nearest pizza plaze. They refer you to the bellhops brothers restaurant on the other end of town. You take a taxi to get there which is eating a hole into your fresh stack of dirty fiat currency. You arrive at the pizza plaze, sit down, order a Pizza Quattro Stagioni and a glass of Chianti. After a satisfying meal you pay with your stack of dirty fiat cash and take a walk around the block for better digestion. You notice it has already gotten late and public transport is no longer available. You hail a taxi but as prices have risen to night fare your stack of dirty fiat currency is no longer sufficient for the ride and the driver leaves you standing in the middle of nowhere while yelling abuse at you. Trying to orient yourself via your smartphone which unfortunately has no reception right here, you notice your stomach telling you that some of the pizzas ingredients were not as fresh as they should have been.... |
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Bitcoin works great because it is decentralised. 80% of bitcoin trade happens at Mtgox which is centralised. WE NEED A DECENTRALISED EXCHANGE SYSTEM NOW!!!!! This is my solution: www.poundcoin.orgGreat. So go implement it. |
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Thanks for everyone's time but my main aim was to understand current unstable situation of btc
I know i can read and spend time to understand it but i needed some fast replies so i can save
myself from a big loss. I have never seen gap of $16 per btc in just one day. I am not able to get
these rapid changes. at once i thought btc is going down but then it stablize a bit between $39 to
$43 per btc. I am trying to get knowledge from others experience that's why i have opened this
thread. Waiting for more good suggestions.
Thanks
Short version: Bitcoin is backed by faith and when Faith wavers -> the price wavers. Now faith is backing all other currencies as well, BUT the difference is, other currencies have people with guns enforcing that faith. Solution: Bitcoin needs more guns. |
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Oh smoothie, he's my hero!
[size=50t]SAVE ME FROM TEH EVIL ASIC SCAMMERS SMOOTHIE![/size]
Hey genius, How's that BFL shipping in February bet going for you? Enjoying taking it in the pipe? Lol Hey! I said save me smoothie! Not Berate me  My answer: No! Are you Rorschach? |
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Did bitcoin ever experience a crash?
You mean besides right now? |
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New Pic:  That is a weird placement of the cooling fins... some have a fan direct over them, some are in their own hot air pocket. The machines needs more fans! Look at BFL... you can never have enough fans, even for a vapourware product... Is the distance from the bottom of the case to the lower row of fans greater on the inside view than on the outside view? The house is bigger on the inside. |
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Simple answer is no.
Their 4 years to 50M for internet is a dubious claim. The first two nodes in the ARPANET which eventually would become the internet was in 1969. I am pretty sure they didn't mean there were 50 million users in 1973. Likely they are using some artificial "start of the commercial" internet and counting 4 years from there.
They're likely confusing WWW with the Internet again. Happens all the time. Probably. Did WWW grow that fast. It "launched" in 1990. 50 million users by 1994? I guess it is plausible although I don't recall it being that popular. WWW outside of CERN started in 1993 when Mosaic became available. 50 million by 1997 seems about right. |
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Congratulations,
your haiku flows like a stream
thread is now meta
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Simple answer is no.
Their 4 years to 50M for internet is a dubious claim. The first two nodes in the ARPANET which eventually would become the internet was in 1969. I am pretty sure they didn't mean there were 50 million users in 1973. Likely they are using some artificial "start of the commercial" internet and counting 4 years from there.
They're likely confusing WWW with the Internet again. Happens all the time. |
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Hope they don't find the cocaine on your bank notes.
Protip: There's cocaine on your bank notes.
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10 ml injection vials with multi dose caps?
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"Haiku in wrong form"
the hawk cries on high, he'll teach
for Euro or bucks
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Full sails a-blowing
sunlight gleams on the water
the pirate escapes
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Bitcoin bubble bursting bright
in the middle of the night,
What free market eye or hand
could stop thy fearful downward slant?
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No, it can only go up uP UP!
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"Yohoho" The Pirates song!
"Yohoho" Come sing along!
"Yohoho" Your coins are gone!
"Yohoho" Each Rand, each Ron!
"Yohoho" Your wallets bare!
I'm "Yohoho"ing in my lair!
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Dude get the Schorle away from there. It's gonna fall into your Gulaschminer and than what?
You can only watercool Apple devices with Apfelschorle.
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Seems really huge!  Thats because its 2 Avalons in one box It look like home made box with some fans and PC power supply Yes, that's what he said. Avalons. |
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