Eventually the entire internet will be decentralized, if not under the bitcoin blockchain, under something like maidsafe and the meganet stuff by kim dotcom.
|
|
|
I bought like 10 games back when Steam was issuing the summer discounts. Sometimes I buy some games that I've been looking for a while when they pop up with a good discount. Such is the life of the poor class, you have to wait for those -50% offers to get some new games.
|
|
|
Also, one has to assume that mining will get more power efficient.. In 100+ years, if we still use the same amount of power per hash we have failed as humanity..
This. And in 100 years 1 BTC will be like the GDP of a small country, so the fees the miners get will be enough even if they get small amounts of satoshis.
|
|
|
If all of the bitcoins are only held by a few individuals, then there is no way for the price to become that large. The only way is for the bitcoins to be spread among many people so it can be used effectively for a variety of services. And in that case, there is very little likelihood of you becoming millionaire.
Why? Why can't 98% of bitcoins be sitting dormant while we trade the remaining bitcoins back and forth at a price of 1 million each? Is technically perfectly possible that BTC can run its whole ecosystem under a single BTC due the fact you can divide it as much as you want. So yes, a billonaire could buy most of the stock, drive the price to ridiculous levels, and as long as there is still demand, the market would run without problems. Everyone already in would be millonaires, and those getting in would get satoshis in exchange of their euros. The system still runs.
|
|
|
Your predictions are always wrong. New lows? From here? You must be insane. This dumbass always does the same. He dispersal we the price is going up, and he comes back during a collection screaming "crashing!". If this idiot isn't banned yet it's probably to leave him keep making a self-mockery of himself to portrait the average FUDster.
|
|
|
I think you fantasize money more than success and you want to find out a cheat code to success and cheatcode to life rather than working your ass off for it. Yes, a lot of people talk about how hard work is necessary but more than hard work, I think smart work is necessary. Making cool, complete and WISE decisions will land you a fortune, better relations and eventually, a better life. SMART WORK over HARD WORK.
Exactly. Working smart is always better than working hard. The synthesis of both of them will be even better. But the essential thing here is to value success more than money. Money will come and go. success is always followed by money, (professionally speaking) . Rather than spending your entire lifetime buying or developing time machine , spend your years , working hard and smart on the right things. I can't think of a single person that got rich working "hard". Working hard means putting tons of hours into something repetitive without taking risks. Working smart is not working as many hours and taking risks (previously having researched what you are doing). Of course there always exceptions but that is the general rule.
|
|
|
They can't really do anything they're broke on money
Not anymore. They got more money coming in now, and they had to sacrifice some public land and add a lot of restrictions and regulations are supposed to be implemented in terms of the new bailout. They get more money now from the eurozone but this will happen very soon again, and I don't think its going to end nice for Greece, living like a parasite. I wonder how long will Eurozone have them around. This money is literally nothing. The 50 million they are getting along the rest of so called "benefits" are useless when your austerity program is way worse than any help they could provide. Greece is headed towards negative grow for a long time and I see no realistic solution.
|
|
|
The fact Satoshi is anonymous benefits Bitcoin. From a clueless person POV it makes it seem mysterious and interesting, and they may start looking at it from there, from a pure curiosity perspective. Also, it's better that there is no "CEO" type of leading figure that the founder would automatically be, being anonymous makes you safe from ad hominens and generally cheap attacks.
|
|
|
this won't last long .. the Fed won't stand for it
The 'Fed' (I assume you mean Federal Reserve) has power, but not as much power as some people think. Not enough people benefit from the actions of the elite, and that even includes ordinary congress people. "Where has he acquired enough eyes to spy upon you, if you do not provide them yourselves? How can he have so many arms to beat you with, if he does not borrow them from you?" -Étienne de La Boétie P.S. You are a dirty scammer Moriarty. Isn't it all a big pyramid hierarchy where the FED is at the top? Do you really think TPTB would let a new trend of this happening all over the place? Maybe they will let Texas do their thing as a experiment to see what happens, but if more states follow im sure they will somehow intervene.
|
|
|
I've managed to make about BTC but its too tempting to not spend any of it once you start having more than one, so I always end up spending everything i make above 1 BTC. I tend to keep that BTC as the limit of expenses so i never go to 0.
|
|
|
even I usually like similar bullish threads with mathematical calculations, graphs and complex equations, this can't really happen within 18 months. only if will happen something like:
* major expansion of dark web, illegal stores and activities * war, plague, epidemic disease or other catastrophic scenario * collapse of banking system, as we know him until today * paypal, visa, mastercard total collapse * really massive adoption by major retail businesses
I mean, it can't happen because of some startup or fancy looking app for iphone (because we already had both)
We don't really need any sort of super impossible scenareo for it to happen IMO. All it takes is a couple of whales feeling like they are missing a very obvious boat and getting in causing a huge price surge. Consider that the marketcap of Bitcoin is tiny, it only takes a couple of whales to push the price x10 times what it is now.
|
|
|
It's 292.9 at the moment. I dint know it reached $308 on 13th as the price was about $298 as per preev.com but Localbitcoin price was higher. I hope it doesn't decline to $250 and keeps increasing.
Probably not going down, litecoin on the other hand it looks like its falling and im pretty sure if it goes down more to 3-2$ bitcoin will rise because all the people that dumped litecoins will probably go back to bitcoins, i mean it happened when litecoin crashed from 8$ then bitcoin went up to 300 It is crashing now to $278. I was right that it will reach $250-$230 as it's price is just unpredictable. I think it will reach again back to the days when bitcoin price was 200$. Current price is dropping fast: $275 I wouldnt call it dropping, today it has been around 275-290 all day, you cant really call that falling, we have to wait a few days to really figure out if it dropped or not because it only takes a few minutes to go from 275 to 290 Well i call it a drop as it it at the moment. If we check day by day the price then this is another thing, but at the moment it is a drop I've seen it go from 284 to 277 in a matter of minutes. A correction is happening, we've had pretty nice gains the last weeks. Next stop: ceiling over 300 dollars. Time to stack like there's no tomorrow.
|
|
|
They can use their money to buy bitcoin which will save them
if their bank now removed the lock on the 60 euro they can, in the case the same thing will repeat, but they have now the money from the central bank, so i don't think they will care about bitcoin anymore if they still have their 60 euro limit, they can buy some if they are not in big trouble and don't have family or whatsoever Wasn't the 60€ limit only for cash withdrawals? Transfer within the country was supposedly OK with international transfers denied. If they remain in the Euro zone, they won't bother with Bitcoin. Until thy use the same currency as the rest of the EU and they have cash, they should be OK. The point with Bitcoin is using it yourself as an individual to be safe against bailouts. Yes, if they stay in the EUR they'll have disposable cash, but you never know when the next danger zone will pop, and it's going to be pretty soon judging by what Tsipras has approved. If you are Greek and you are storing all of your wealth you are either clueless or nuts.
|
|
|
There are a lot of exchanges that are based over those countries. I think besides Bitstamp, BTC-e was also from slovenia, which made a lot of people weary of sending money over there. There shouldn't be any problem tho, with average SEPA transaction I would have any worries. The problem would be if your local bank sends some transaction to slovenia, it may raise some alarms.
BTC-e is actually based in Bulgaria, which is still part of the EU so there shouldn't be any problems. I think there was a russian based exchange, and thats where people had a lot of doubts depositing money over there.
|
|
|
Hey, so I heard about bitcoin a while ago and figured I'd give it a go, basically just wanted to buy some stuff with bitcoin but apparently it's a lot more complicated than just exchanging money for bitcoins. I downloaded kraken and found that if I wanted to start I'd have to pay a fee of 2k just to get started.
Also the wallet I got "bither" is pretty confusing. I don't have a clue about api's or qr codes. I just want to buy around €500 worth of bitcoins, store them on a wallet I can actually understand and buy stuff, without all the technical stuff that goes along with it. Is that possible?
The quickest way to get BTC without having to register in a exchange is probably localbitcoins.com. Select a seller ideally near you and buy your BTC. To hold your BTC, for a newbie the blockchain.info wallet is probably the best: https://www.youtube.com/watch?v=WGDYV1NIhh4
|
|
|
https://freenetproject.org/"Freenet is a peer-to-peer platform for censorship-resistant communication. It uses a decentralized distributed data store to keep and deliver information, and has a suite of free software for publishing and communicating on the Web without fear of censorship. Both Freenet and some of its associated tools were originally designed by Ian Clarke, who defined Freenet's goal as providing freedom of speech on the Internet with strong anonymity protection." So it is also basically a free storage space. Yes i've heard about this. Never tried it, but it seems it's very slow and archaic. Maidsafe will deprecate Freenet and will be able to deliver everything that Freenet always dreamed with, it will be huge. It's decentralized internet before Kim Dotcom ever thought about it.
|
|
|
My biggest problem safely converting to us dollar
The best way safely converting is if you have a local(country) friend that will convert it for you. If you are extra paranoid about it, your friend would need to meet in person with a Bitcoin seller from Localbitcoins, but real life dealers are limited to a few countries, so if you are in some country where BTC is even mroe obscure than usual, you can't safely convert to USD, if by safely you mean avoiding the banking system.
|
|
|
I have a Bitcoin logo sticker on my laptop, so I always get asked about it. Sadly, however, the only thing they seem to want to know is if I've made any money... I think they will always ask you, but will never understand what are you saying to answer their question? Most people will never understand why Bitcoin is important, only a small % of people gets it. The thing is, we don't really need them to understand it. Just like people have no idea how internet works, eventually everyone will use it even if they don't know what it really is and how it works, once things start working under the blockchain they will not even realize it.
|
|
|
You have my utmost respect, I mean that. I'd have dumped for a loss long ago or hanged myself I think.
Anyone with some awareness should know that it's going to be a multi-year deal. It would suck being that far underwater but I'd be looking to hang myself post 2024 or so. By that time we'll really know whether this thing's going to motor or not. Until then it's all to play for. An $800 buyer might look like a genius in a few years, or a goat. We'll see. Selling sub 1K is a big gamble if you are here long term. By 2024-2025 we should be way past that, so anything you can get under that price is overall cheap for a long term investor. People can't think long term and stack up BTC even if they are perceived as expensive now.
|
|
|
What is this based on? Do you have more recent data? Do you have a Gini coefficient for this?
I guess this was taken from bitcoinrichlist. There's no way to know who owns who exactly, it's all gross estimates. Of course there will be a lot of addresses with a lot of money, but you cant know if those addresses belong to the same person, if they belong to some sort of exchange or group, if those coins aren't lost forever (lost of people lost hard disks with thousands of coins that they had there stored when they were worthless, and realize they were millionaires but their hard disks were broken). Lots of randomly lost wallets in other random bad-luck events... you cant really tell what's up.
|
|
|
|