Do you know the impact of 3% price fluctuation on the scale of the Amazon sales?
do you know that in the hour a person pays for their goods, bitpay locks a price and gives the merchant that exact amount.. Quoted for emphasis. The illusion of the problem of instability is just that, an illusion. |
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I must with due respect disagree, money is ultimately trust, if a powerful country adopts a cryptocurrency it will easily rival bitcoin. The thing you have to understand is that cryptocurrency is antithetical to government interests because it robs them of their monopoly-power over currency generation. Why do you think governments from China to Russia to the USA are positioning themselves as opponents of Bitcoin? The same reason all of these governments will send men with guns to your house if you try to print a physical currency that competes with their own fiat. POWER. They are completely reliant on the constant printing of money to keep their populations enslaved. Cryptocurency is the most subversive technology in the world today. If governments give up their fiat in exchange for crypto, we have won!! Please see this vid: https://www.youtube.com/watch?v=iFDe5kUUyT0 |
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I think the government is going to tax BTC as a commodity, which will insure it can't be a unit-of-account because legal tender is not taxed on VAT and capital gains. And then merge Bitcoin into some digital fiat plan... I think you are out of your mind if you believe any such government-bankster hijacking of Bitcoin will be even remotely successful or tolerated by the cryptocurrency community. World governments will have no more success taxing Bitcoin than the US government has had stopping the spread of piracy or winning the insane war on drugs. And proper decentralized exchanges are coming sooner than you think. |
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Did you extrapolate that it can't ever be a unit-of-account unless the government changes its stance on classifying it for tax purposes as a commodity? Let's see.. I think the government is going to tax BTC as a commodity, which will insure it can't be a unit-of-account because legal tender is not taxed on VAT and capital gains. And then merge Bitcoin into some digital fiat plan... I think you are out of your mind if you believe any such government-bankster hijacking of Bitcoin will be even remotely successful or tolerated by the cryptocurrency community. World governments will have no more success taxing Bitcoin than the US government has had stopping the spread of piracy or winning the insane war on drugs. And proper decentralized exchanges are coming sooner than you think. |
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taking a profit from women using their bodies =pimp
taking a large cut of the womens earnings = extortionist, scum and thief
so many of us do see you as a thieving pimp.
Quoted for truth. You do realize that " TAKING CARE OF THEM" is a thing a pimp would say  I'm referring to sometimes models request being paid early, or need something removed if some content gets out there on the internet, etc. Things other companies don't do. I don't give a fuck what other companies do. Just because you are less of a Pimp then other Pimps doesn't make you any better of a person. You are still a fucking Pimp  Quoted for emphasis Get the fuck out of here, pimp. You are a disgusting human being, and if those women had any self-respect they would shank you, steal your ill-gotten exploitation-money, and divide it among themselves.  |
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If miners can be encouraged to run SHA256 for something more profitable than Bitcoin then bitcoin will die quickly, it's a winner takes all game.
I dunno, ohhh.. lets say a government backed and regulated coin. Nation-state governments and their rigged, ponzi-scheme currencies are going to magically regain legitimacy, eh? Do you actually believe this shit, or are you just trolling? Nation-states and their clownish currencies are done, son. Welcome to the information age, truth flourishes here. |
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I don't agree with that part. You have confirmation bias and this is very dangerous to objectivity. Perhaps. Or maybe I have supreme confidence in the probability engine that is my mathematically-gifted brain, because for the past twenty years it has been making me quite wealthy. << Went all-in to BTC with my life-savings just before the $100 mark. Never day-traded, just held on patiently and saw huge return on investment year over year. I'm what you call "smart money". |
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My efforts include buying from Overstock instead of Amazon. +1 I'm moving all my business (at least 100k / year in purchases from online retailers) to the sites that accept BTC Newegg.com -> tigerdirect Amazon.com -> Overstock.com The leading online retailers have a false sense of security and hubris that we shall smash by taking our business elsewhere. |
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It's not going to happen this decade, forget about it.
Bitcoin is organic, adaptive. Like a virus. You don't need another adaptive form of money when you already have one.
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But then you have the problem of what if an altcoin challenges Bitcoin by then Won't happen, way too soon. For an alt-coin to challenge bitcoin, bitcoiners would need a reason to divest from BTC into this altcoin. Bitcoin is adaptive, organic, like a virus. No need to switch over. or if government clamps down on regulation of Bitcoin. They already are, worldwide. It's only a speedbump, trust me. There is no stopping this train now that it has been set into motion. The beast is unleashed, and all we can do now is watch it eat the world. Technology giveth, technology taketh away. This bet is free money, and a huge amount. I'd take it in a heartbeat. With a long enough time horizon, I'd take this bet even if it was 5 shares bet against 1 BTC. With a long enough time horizon, I'd take this bet even if it was the value of the entire US dollar economy bet against 100 BTC. 300 BTC = set for many lifetimes. Generations of your children will be set. |
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The model of business he invests in is dying. We are leaving the tangible capital age and entering the knowledge age, wherein you don't need large stored capital to launch a business. For example the 3D printer (which can print itself) will eventually obliterate factories, retail stores, and shipped goods. There are already 3D printers which can print multiple materials on the same object. Absolutely correct. We are entering the age of knowledge, and all things built on lies and deception (governments, corporations) will melt away like snow in the morning sun. |
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Oh good, a digital pimp. A parasite middle-man profiting from the exploitation of female underlings.
Because THAT'S what Bitcoin needs.
"Models get 50-70% of the profits" = you are stealing half their wages, fuck you, die in a fire.
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"But former House speaker Newt Gingrich (R-Ga.) tweeted: “What is the global internet community that Obama wants to turn the internet over to? This risks foreign dictatorships defining the internet.”
If Newt Gingrich is against it, I'm for it.
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MtGox was a regulated exchange - they were forced to ask for ID.
Regulated exchanges are just government honeypots - derp.
This. This is all about power and control, people. They want to know who we are, and how much money we have. So they can take it. |
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Whenever I want tech advice, I always ask a senior citizen.  ROFL QFT! Wanna know another Buffet quote? "When others are greedy, be fearful. When others are fearful, be greedy." -Warren Fuckin Buffet I think the old man should consider his own advice in this matter. |
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"new" drug currencY?
I've been using USD to buy drugs for 15 fucking years.
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You can't honestly expect Wikipedia to put a BTC donation address on the bottom of every page. Even this forum doesn't do that. Instead, this forum has a "DONATE" button in the top menu -- similar to how Wikipedia has a "Donate to Wikipedia" link on the left navigation pane. I'd be happy with a Bitcoin address on that donation landing page. Ahh, a voice of reason in a sea of hysteria. Thank you. |
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most of the time, I felt what loki said in the avengers is true. Humans are meant to be ruled. We most certainly are not. And we won't be for much longer. Consider looking to deeper sources of philosophy than Hollywood movies. |
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Its hard to think of an endgame where cryptos don't take 99~100% over from fiat. Without revealing too much about my personal identity, I will tell you that I am extremely well-versed in game theory and mathematically "gifted". There is no possible endgame that involves the survival of fiat. It's already dead, the world just hasn't realized it yet. We need automated governments, where people can voluntary subscribe. You're looking at 15-20 years on the outside. |
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It's not "anonymous" if you're meeting someone to sell them BTC for cash and that person has the authority to charge you with being an unlicensed money transmitter on the basis of a single transaction Which is exactly why localbitcoins has a feedback score system, just like eBay. Only do business with trusted members. Problem solved. and localbitcoins sales at a distance have been fraught with scams and fraud See above. Regardless of what methods you try to use to stay under the radar, the authorities will eventually catch on to them and target them Yeah, that strategy sure worked out great in the war on drugs. Sure worked out great in the war on piracy, too.  I'm not saying dipshit terrified governments aren't going to use every evil tool in their evil toolbox to try and stop this financial revolution from happening. I'm just saying they're going to lose. http://www.youtube.com/watch?v=kIbEj1CIpuU |
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