Does anyone like rap anymore these days?
Only if it's white guys from the nineties. And Immortal Technique. |
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Nation-state laws do not apply to a currency which supercedes their authority.
Your laws are irrelevant.
We are the future.
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The OP's question would massively depend on who invented the cash if it were invented today. If it was invented by the government, it would be viewed as the ecomony's savior. If it were invented by someone of the general public, it would be viewed as an anarchistic safe haven for drug dealers, criminals, and terrorists.
What he said. Taking power away from the powerful is terrorism. Fortunately for everyone, the end is nigh for the powerful of the modern world. Capiche? |
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Fuck you for wasting my time, OP.
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Imagine in your mind's eye, every mind on the face of the planet, connected as one super-hivemind.
FIAT-trading price for bitcoin in 2014 is this hivemind probing cryptocurrency and trying it's best to figure out what it is and what it's worth.
The truth is, cryptocurrency is an EXTREMELY valuable invention to the world.
The truth is, every cryptocurrency is undervalued today by about 9999%.
Sooner or later, all free-thinking people will recognize this.
In other words, "buy and hold, and never look back, FIAT will soon be dead"
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This entire video is a guy trying to sell us a $395.00 subscription to his digital bitcoin magazine. It's a long sell posing as an informative video, that's why comments and ratings are disabled. Where did you think you were? We have finely honed bullshit detectors here. In fact, I'd bet large quantities of worthless FIAT currency that there is a strong correlation between BTC investment and higher-than-normal IQ. Now fuck off for wasting everyone's time. |
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i think most of the core devs hold thousand of btc. they dont need that money anymore.
This. If you have 1-9 BTC, you are rich. If you have 10-49 BTC, you are very rich. If you have 50-249 BTC, you are super rich. If you have 250+ BTC, you are hyper rich. |
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Buying into bitcoin (or any crypto, really) at this stage in the game will within 10 years yield ROI's with many, many zeroes on the end.
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OP fails to understand cryptocurrency and inflation's most basic tenets.
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I'm pretty sure that it is also against the law to be using Bitcoin under the age of 18 in some countries?
As is pirating copywrited music and movies and smoking weed, but kids are doing both those things in abundance. These laws are stupid, obsolete, unenforceable nightmares. Like the drug laws destroying young lives every day in Amerikkka. Nothing is forbidden. Cryptocurrency does not belong to the older generation, those controllers. Bitcoin belongs to the youth. |
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ITT: OP's very public misogyny issues.
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Wouldn't surprise me one bit.  |
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This thread is stupid. As if satoshi could or should prevent people from forming foundations and then decide who can and can not join those foundations.
Bitcoin is fine, Gox and it's users are temporarily putting a bad taste in everyone's mouth. In time this will pass and Bitcoin will be better off because of it (if people learn to make better choices when it comes to picking an exchange and how they use it).
QFT Best post ITT. |
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Oooh, oooh! PICK ME! PICK ME!! Supreme Emporer of Bitcoin, BELIATHON!!  ...too much? |
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I think people are more furious with companies making ASICS. I mean some preordered the Bfl shit in September and still haven't got it FFS. I personally prefer altcoin GPU mining.
QFT and me, too about GPU mining. I'm a gamer, so why not? I think bitcoin's early meteoric gains (china) drew the attention of a lot of wide-eyed slackers who thought they'd found the holy grail. And they were right. The mistake they made was buying mining hardware from scam artists instead of simply trading their FIAT in for crypto and being patient enough for it to mature. Everyone knows it doesn't cost $20,000 to produce one of these ASIC miners, but people pay it because it's a money-printer! Big surprise, you got scammed on the purchase of your money printer. What did you expect? What rational human being would sell an object that is worth more plugged in that it is sold to the public? |
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$160 isn't the price of a Bitcoin - it's the price of a promise from MtGox to pay you one. Many people doubt that MtGox will keep their promises, that's why the price is so discounted.
This. You CAN'T buy a bitcoin from mt. gox. They're not selling btc, they're selling lies. |
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Quoting best post in the thread for truth and wisdom: 20 years is too far ahead to even imagine where something like Bitcoin will end up.
I see 3 possible outcomes.
- Bitcoin survives
- Bitcoin is flawed and collapses to 0
- A new crypto comes out that is revolutionary enough to displace the Bitcoin mining network in it's favor
Assuming Bitcoin survives: (Highly likely)
I can't imagine Bitcoin ever being used as a primary day-to-day currency. I can imagine Bitcoin being used as a platform for every other currency to back itself against, think about USD being a Bitcoin Alt-coin, pegged in value against Bitcoin like Litecoin is now...
Bitcoin already has an amazing network, it's amazing how such a beautiful thing could be created so quickly; this wasn't chance, mind you. The growth of the network is a direct measure of the desirability of Bitcoin. The existing world-wide network will give Bitcoin an advantage over any new currency to be created in the future, cementing Bitcoin in place until something more revolutionary comes along stealing the miners away...
The world will evolve; but this doesn't always happen quickly. The faster the world attempts a change, the more resistance it encounters... Bitcoin will experience plenty of resistance along the way but I think after the next major international gold scandal things will change. For the first time ever, the world is looking at a zero trust distributed public ledger to which tangible property can be pegged against. Imagine what would happen if gold ownership were pegged against the Bitcoin protocol; the impact of that alone would be huge.
I can see so many new innovations coming out. Once these new innovations come to fruition, things will evolve too rapidly to keep up with.
Bitcoin is so insanely valuable that when enough of the world picks it up and adopts it, big business will be pulling on it like a vacuum and then national governments will start to play too.
I just think it's going to be an interesting ride and having the nerves to hold 1 or 2 Bitcoin when the price exceeds the exchange equivalent of $1 million today will turn you into a superstar when it hits $1 Billion per coin after governments begin to store ownership rights of national assets within the blockchain.
The GDP will be valued in Bitcoin as the nations of the world will all use their own alternate currencies backed by Bitcoin.
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I don't actually understand who is selling their coins at these low prices? Why sell on gox for $250 when you could just pop them over to bitstamp and get $600+?
Please keep up. Anyone with coins on gox can't withdraw them to sell elsewhere....hence why they aren't doing that. Anyone except Mark Kerpall... Kerp.. Kerpallaous.. .Ke... |
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