I think the trouble with some people's understanding of BTC is that they think that a single bitcoin should have inherent value for the currency to have value, just as a gold bar has inherent value. Therefore, they think bitcoin is essentially the same as fiat money. However, the usefulness of bitcoin lies in the system, i.e. its decentralized publicly-monitored transaction system free from the Fed (with excellent confirmation times and very small fees).
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It's been a wonderful 3 months in Ponziland for me. Sadly, Bitcoinduit is clearly dead.
You can look forward to our reopening, when things look brighter for the gambling community, whenever that is.
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FML, I sold at 0.00289
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coming out of beta sparks interest?
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Correct, it is a reflection of overall market balance, which will change big time soon (in a matter of hours, days, or maximum of 3 weeks)
You think btcusd is really going back to $10 again?
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Wow, it hardly moved! Almost as if it's acting like a currency..
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Wow what a jackass. (referring to mr. conspiracy theorist)
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Nah... I'd rather we use things like "megasatoshis"
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Has the media agreed to show up here yet?
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Yeah, why don't you integrate this with smartphones instead of making your own hardware? Although bitcoin definitely needs NFC, IMO.
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He certainly looks the part. Somebody should make a tshirt with this. You know, kind of like Che tshirts except for libertarians.
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bitponzi down again... decay?
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Everyone should read this, I enjoyed it.
Litt, we can't, it's subscriber content... if you posted your user/pass we could read it (jk)
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Today, I'll be starting the new series... 1btc game -- 2 hours -- 50%/20% 1btc game -- 2 hours -- 30%/30% 3btc game -- 3 hours -- 30%/30% 6btc game -- 4 hours -- 30%/25% I hope people participate. No bots this time.
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Is socialism even compatible with bitcoins? I doubt it.
It depends. Are we talking about voluntary socialism or coercive socialism? We're talking about Venezuela...
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Well in July we pretty much had the same thing and look what happened.
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Someone is determined to keep the price at $5 give or take 2%. That or volume is at record lows...
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Is socialism even compatible with bitcoins? I doubt it.
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Well fuck, what happened to the upside
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