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Ah, BitChick, but cash is even better then BTC for buying gold...
All of the online gold sellers have to ship the gold to you, ruh roh, there's a trail. Just about the only effective way to stop the flow of fiat into Bitcoin would be to outlaw BTC in your country, and then completely ban and seize all paper currency. Move everything to plastic; traceable. Ultra-draconian. No cash - that would be the only way to stop anonymous Bitcoin crypto purchasing. Won't happen, can't happen, there's not nearly enough time to make such a monumental change anyway. Therefore the game is over - fiat loses. I am a Professor Emeritus of game theory at Fuck Government University, btw. |
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Bitcoin is past the point of needing confirmation to legitimize its value. More people will catch on and be drawn to it eventually anyways. This. Cryptocurrency is a waterfall, all human beings are in barrels on a fiat river. The current only goes in one direction. Those of us here on this forum just happened to be the first ones over the falls. Like it or not, sooner or later you are all going over those falls. |
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Ok if I bought in a few months ago at 800 - 900 USD I would now be at a 50% loss. Is that a store of value? No, it's not.  Nope, that's uhh, not how that works at all, actually. You should probably learn what the words mean before you attempt to use them in an internet debate. Jus' sayin'. Sometimes I feel like I'm in an episode of a bad reality TV show: " BITCOIN FORUMS: A CLASH OF STANDARD DEVIATIONS ALONG THE BELL CURVE." |
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If someone has $40B in the first place then they most likely know a thing or two about finance Sorry, but that's a stupid comment. There are MANY rich people (mostly software entrepreneurs) who know little-to-nothing about finance. ...Iraq doesn't decide anything when it comes to monetary policy. Saddam was a CIA stooge... I suspect though that you've never even been to Iraq and are relying purely on what others tell you to form an opinion. A true statement. Anyone who is using BTC as a store of wealth is sweating bullets right now... I'm not sweating anything, I went all-in on Bitcoin long before China did. Financially speaking, I'm WAY ahead, and I'll hold like I've always done. and obviously no one who has that kind of money can possibly be that stupid. You should also know that, statistically speaking, there is something like a 93% chance that I'm smarter than you. |
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Big money figuring out the value bitcoin offers them is coming. The only question is when.  As long as governments benefit more from modern slavery (which is what fiat money truly is), than from a form of money than is immune to outside control, they will not adopt BTC.
Russia or even places like Iran or Venezuela may have their problems with outside powers, but even for those countries fiat is still essential in extracting labor from their citizens. Very true. However, let us bear in mind that governments aren't the only ones with big money. As much as we all love to hate transnational corporations, the fact reamins: These entities have no real incentive to store all their wealth in nation-state fiat, and very soon they will have an abundance of reasons NOT to store their wealth in nation-state fiat. |
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The plus is that he has a lot of viewers.
The negative? How about the fact that Bill O'Reilly is a fucking moron, a rich selfish conservative asshole. He would probably never support cryptocurrency, until the dollar collapse anyway. This guy is a nationalist dinosaur nutjob. He probably thinks bitcoin = terrorism or some other ass-backward shit. Bill and his viewers don't deserve Bitcoin. They have a vested interest in ignorance, so let them be ignorant and poor. |
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So, should the title of this thread be "is bitcoin SMALLER than we think?" Ideas grow in popularity if they are well-rooted in the soil of truth. Bitcoin is - it's raw mathematics, the purest of all the sciences. And what do people think will make it bigger? Time. |
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Bitcoin after the collapse of the Dollar96.8% of current internet users will not be able to afford to pay monthly internet access fees. Mining will be much easier.  Seriously, buying food could be a concern for many middle-class people. I would expect BTC to be worth at least 5x the current all time high. (~$6,000+/btc) $6,000 assumes a very small market-cap for a form of money that is about to take over the world... |
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I have read a lot recently about the pending collapse of the Dollar.
The amount of currency being printed is insane, the US are shipping their inflation across the globe by printing so much money, and when it comes home to roost, it's going to destroy the Dollar. There will be hyper inflation at worst, but a total lack of confidence in the Dollar and formation of a new world monetary system at best. That is correct. The US economy is today little more than a house of cards protected by a whole lotta firepower. I shudder to think how the US government will behave when backed into the corner of debt-repayment by China et all... It will be up to every US citizen to curtail their government and prevent total annihilation. Related: Dead Dollar Walking - Stephan Molyneux |
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bitcoin is the precursor to true democracy and democratic world government
leading to a new era of world utopia
thats my dream Mankind now stands at the crossroads between heaven and hell. If we cling to the nationalistic, dividing traditions of our past, we will not survive this century. We will descend into a war from which we will never emerge. If, on the other hand, we embrace humanity with all its flaws, reject the myths and lies which conceal from us the truth of human nature, a paradise awaits... The internet is a powerful compass for truth, we need only use it to its fullest potential. |
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After watching this, I realized Buffett seen it all (closely!) at least once already (think it is taped in 1999). To be honest, I don't believe he lets this bitcoin opportunity slip, based on his previous experiences.
Many people who have benefited from the current system and have accumulated a lot of fiat wealth don't see Bitcoin as an opportunity, but as a threat. Wisdom found above, and below.  Satoshi was courageous, and right now Buffet is being unwise. bitcoin is limited to 21,000,000 if there's only 21,000,000 check to exist in the world then check would be highly valuable. This form of money is also valuable because there's no central authority figure sitting at the presses, printing more for himself and his friends, and less for everybody else. |
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During the coming transition from local fiat to global crypto money, all stubborn fools will lose a percentage of their wealth in exact proportion to the staunchness of their opposition to Bitcoin. In other words, Bitcoin detractors will be repeatedly financially punished until there are no more Bitcoin detractors. Prolonged loyalty to your nation's currency will hurt your wallet. This is mathematically inevitable. Do you understand what I'm saying to you? |
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When I first started mining Bitcoin it was in late 2011 - early 2012. I had a brand new ATI HD 6970.
I don't know how much I mined with it, but it was no small amount, and that hard drive was formatted since.
Sadly I ignored Bitcoin from 2012 all the way until late 2013.
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Maybe you're donating to some random dude who just taped his address to the window. AKA the OP. |
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all money is faith..
read an american bank note
"in god we trust" I'm not sure which bullshit concept gives me worse nausea, trust-notes from amerikan bankz or god. I think I'll go with fiat. Fiat disgusts me more deeply than god, because religion is already on its way out, while fiat kurrency has years of fighting left in it. |
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Since this time round it peaked at $520. How long will it drop now?
Until the Mt Gox situation gets clearer. A lot of Bitcoins (200,000) at stake. Any public or private auction can destroy the exchange rates. I am also waiting for the Japanese court decision. The exchange rate damage from Mt. Gox has already been done, and then amplified further by a suspiciously well-coordinated newsmedia blitz. Bitcoin still stands.  |
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I will exchange 90% to fiat, and then donate it all to charity. Charity in capitalism is unethical. What's needed is solidarity. Solidarity, reason, and social justice. |
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