My teenage niece bought shoes with btc. So. Moon?
What the Fart.  Where can you buy shoe with bitcoin? Overstock still taking our bits for shoes?  Amazon. As for the price, it looks like we had a double top which is usually bearish. It could drop back down to near 1000 again. Or we have some whale come in and jump us up $20-$30 and we move to new territory on a nice slow climb to new highs and beyond. |
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Like I said, intermediaries.
In my semi-ideal world, the only transactions taking place at the Federal Reserve banks would be between a few conversion agencies and the government.
For simplicity imagine a single company called Bitaxes. You go to their site, fill out your tax forms on their site then at the end it has a dollar amount you owe (this would be the only time dollars ever even come into play anymore). You submit your tax payment to this company in the form of bitcoins and they convert those bitcoins to dollars and send a check in your name to the IRS through the Fed bank. All your taxes get paid and everyone is happy (except you because you just got robbed).
Then when the government goes to spend money, the government gives everyone their pay checks through those Fed banks but everyone has signed up with Bitaxes company to convert their paychecks to bitcoins (because nobody uses dollars anymore except the government).
All of this could happen with no change in laws or the government changing a thing.
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The fact that people fall for the concept of "good money" and "bad money" just shows how far we have come from a free society. People accepting the concept that the government should be able to track every transaction in the world just because some people in the world may use their money for bad things is just insane.
KYC and money laundering laws are just another way of saying "the government can track our every transaction".
Most people are ok with this because freedom is not a very high priority in most people's lives. If most people were asked if they want their freedom or a triple mocha latte, they would be sipping on a latte soon after.
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[img]rocketship.jpg[\img]
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I am an IT guy but when I first heard about Bitcoin I was defensive because I thought gold was the answer.
To this day I have not gone through all of the source code. But I did read the white paper and that got me.
Maybe some IT people might be hesitant because they understand how vulnerable most computers are.
I think it's more your economic views than your views on digital tech.
I though you were a believer of trumponomics Definitely not. What I like about Trump is watching the liberals lose their shit. I only hope we go long enough without going to war with a military power that can actually hit their target for me to make my money and get out of Afghanistan with a healthy bitcoin wallet. |
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Notice how whenever the bitcoin price slows down and settles in for a while, suddenly some FUD magically appears on the /bitcoin Reddit page and gets spammed everywhere? Yeah, seen that over, and over, and over, and...  Guess what the FUD dujour is today? ban? Edit: I just checked. Same as happens on here. Block size crap. Everyone is a software engineer. |
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I am an IT guy but when I first heard about Bitcoin I was defensive because I thought gold was the answer.
To this day I have not gone through all of the source code. But I did read the white paper and that got me.
Maybe some IT people might be hesitant because they understand how vulnerable most computers are.
I think it's more your economic views than your views on digital tech.
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If you own one bitcoin you are in the top 68% richest people in the world. If you have 100 bitcoins you are one of the top 8% richest people in the world. 600 bitcoins and you're a one percenter. http://www.globalrichlist.com/wealthHow did you calculate it Elwar ? Could you show us a screenshot please ? Thank you  There's a calculator on the website I linked to. |
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If you own one bitcoin you are in the top 68% richest people in the world. If you have 100 bitcoins you are one of the top 8% richest people in the world. 600 bitcoins and you're a one percenter. http://www.globalrichlist.com/wealth |
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Doubling in price in half the time pattern essentially still holding for this exponential bull run ... late March 1600-1800, mid-May 3200-3600, early June insane vertical up to 6500-7200 and pop. For approximate repeat of 2013 halving bull adoption wave blow-off.
Doubling usually happens within a month for it to repeat 2013. The low was $750, January 12. We need $500 more in 10 days for this to be an exponential run. I'm taking the 'low' base beginning of the bull run as 200-225 in June '15, doubling to 450 around the actual reward halving in June '16 (12 months doubling time), then doubling again to 900 in Dec '16 (6 months doubling time) ... et cetera, et cetera, we shall see. Nov. 13 did not happen in a vacuum, there was a similarly long rising build up to the final 'doubling in a week' climactic event ... and none two will be exactly alike anyway. I'm ok with a 3 month doubling. |
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Doubling in price in half the time pattern essentially still holding for this exponential bull run ... late March 1600-1800, mid-May 3200-3600, early June insane vertical up to 6500-7200 and pop. For approximate repeat of 2013 halving bull adoption wave blow-off.
Doubling usually happens within a month for it to repeat 2013. The low was $750, January 12. We need $500 more in 10 days for this to be an exponential run. |
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Looking at some video of the protest I suspect it was this guy in the hat and sunglasses that did it: https://youtu.be/TcmE-9hqxCc?t=93You can see him in his leather jacket, black gloves watching her and her group of friends earlier in the day. Edit: Actually it's not him. You see the dude in the hat behind her when she gets pepper sprayed. https://mobile.twitter.com/kiarafrobles |
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Actually, 'battery' not 'assault'. Fucking socialists are out of control. The democratic party has gone off the chain. Their behavior is completely shameful. Who would believe Trump is the calm organized measured one? When violence is justified as a central part of their philosophy (coercian via taxation to get funding), then it is inherent in their core beliefs. |
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Come on...1024...
you know you guys want it
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I pay for my hosting service on a monthly basis in bitcoins.
If I have a choice between a monthly service in bitcoins or fiat, I would choose the bitcoin option. Then I can cancel any time without the hassle.
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Yes, war is bullish for Bitcoin. |
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Patrick Byrne on FOX tv, this guy is one of those awesome Bitcoin frontrunners Overstock +16%, good job Patrick! Nice, I am always curious about Overstock's earnings the more they keep bitcoins. The media made sure to highlight their bitcoin holdings when the price was going down. As their assets are more bitcoins than anything else their earnings will rise closely with the bitcoin price. |
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Did you invest more than you could afford to lose when the price was $325?
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