Not yet, there is a planned number that's not yet reached... Do you really think satoshi would have imagined that bitcoin would reach $1000 when he first started? IF he had a planned number, im pretty sure we have already reached it. Are you telling me that it even doesn't make sense to Satoshi that bitcoins price is this high?  Depends on your view. Do you really think that satoshi thought bitcoin would go to $1000 when he started at $0? I don't know what Satoshi thought.. I don't even know who Satoshi is, so it's very hard to speculate his motives and plans. And that makes it funny that people are calling bitcoin "sound money"... they are actually trusting their wealth in the hands of someone they know nothing about... because if those old 1mil coins will be dumped, then bitcoin is back to costing cents and won't ever recover |
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Not yet, there is a planned number that's not yet reached... Do you really think satoshi would have imagined that bitcoin would reach $1000 when he first started? IF he had a planned number, im pretty sure we have already reached it. Are you telling me that it even doesn't make sense to Satoshi that bitcoins price is this high? |
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Not yet, there is a planned number that's not yet reached... |
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This couldn't happen in reality, because people usually get honest and ethical around money... |
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You can summarize this long rant into "I'm right, even if I'm not right". Religious nuts like these create more harm then good to bitcoin imo.
This could be said of you as well. Whats up with intelligent people arguing desperately against bitcoin in a bitcoin forum like Jorge Trollfi and you, kkaspar? Is there a point in shouting bitcoin will fail to a group that mostly believe in bitcoin? What if you actually turn out to be right? You gain absolutely nothing from this. And don't come with the "I'm only here to help" argument. Thats utter bullshit It's funny that you say that people are actually "arguing against bitcoin". I myself find that bitcoin is an interesting piece of software, but I also find myself arguing against the religious zealots who have gathered around bitcoin. It's common for religious people to speak in those terms. I have often heard that if I don't agree with the Christian world view, then I'm actually against god. People aren't able to comprehend that there could be different understandings of god and if you don't accept the religious dogmas in Christianity, then you are not against god. It's not surprising to see the same mentality here. I'm here for the same reasons then most probably are, to read and to speak my mind. I think that bitcoin doesn't need religious worshipping, so I can't see that I have to either worship it or leave. I like to keep an sober mind and take bitcoin as it is. An interesting piece of software that currently is an innovative gambling platform, but what also brought forward ideas that can trigger the start of something more." It seems that we already determined, several times in the past day that this religious accusation that is leveled at bullish bitcoiners is bunk. Yes... billions and zillions... bitcoin being the solution to world banking problems... bitcoin not having a deflationary problem etc... just regular bullishness.. Determined. P.S. People who tell that Scientology is a religion are wrongfully accusing bullish scientists. Determined. |
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So.. when will the breakout happen? Volume is low and there is very little interest to buy, meaning that there will be breakout in the coming hours, just like yesterday.
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I think that the cult of bitcoin can now finally have an icon to worship. The funniest thing still is that people call bitcoin "sound money", while 1mil+ coins are owned by an unknown person with unknown motives If Satoshi would dump his 1mil+ coins and reduce bitcoin price to 10cents, then will everyone jump ship to a new crypto or say that Satoshi is fairly punishing the hodlers for their lack of faith? |
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so it's by design for the lower in the food chain aka you/any Joe
If it is created for tracking and mapping then yeah. even if it was like you say by design, unless all exchanges, trade platforms, mixers are under the triangle eye (plus new alts starting with litecoin - they where not in the plan) that isn't 100% accurately possible. but it might give broader view for the overall analysis also considering the limitation of purchasable goods through the process. Well, in theory NSA can observe all of the internet traffic and filter out what is needed. Also, computer systems may have hardware integrated back doors. So, in theory, everything was already in place before, to track every movement of an currency that attracts people who in turn are attracted by the anonymous aspects in bitcoin. A way to lure out people who think that they have something to hide. But well, it's all in theory and I have absolutely no idea what is really going on. |
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so it's by design for the lower in the food chain aka you/any Joe
If it is created for tracking and mapping then yeah. |
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You're thinking of the Enquirer.
Holy shit. Yeah, you are right. In that case, it could be true, and I would draw everyone's attention to this extract from the article: the trail followed by Newsweek led to a 64-year-old Japanese-American man whose name really is Satoshi Nakamoto. He is someone with a penchant for collecting model trains and a career shrouded in secrecy, having done classified work for major corporations and the U.S. military. Been saying it for months. Bitcoin aint against The Man, it came from The Man. I have also thought that maybe bitcoin was originally created to track and map a part of the black market. When cash is actually hard to track, then create a digital currency that is "safe and untraceable" for all kinds of illegal activities. Honeypots like these wouldn't be created to actually convict criminals, but to map their activity so you can create strategies according to that information. Same thing could be used to fund certain things that's funding needs to be more under the radar. I don't know if "The Man" created bitcoin, but I know that they surely would have good use for it. I might be wrong but big (..)organizations will not/never resort to BTC, they do pay in cash for those kinda services. BTC is for individuals. so if the man is behind it then he is tracking you. which i'am still not 100% buying I agree that big criminal organizations deal in more refined ways then BTC, but it's harder to track the little guys. You can track and map the dealings with HSBC, but with bitcoin, you could also map those who are lower in the food-chain. The more information you have, the better it is to plan your strategies. Anyway, it's just a theory, but it makes sense to me. |
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You're thinking of the Enquirer.
Holy shit. Yeah, you are right. In that case, it could be true, and I would draw everyone's attention to this extract from the article: the trail followed by Newsweek led to a 64-year-old Japanese-American man whose name really is Satoshi Nakamoto. He is someone with a penchant for collecting model trains and a career shrouded in secrecy, having done classified work for major corporations and the U.S. military. Been saying it for months. Bitcoin aint against The Man, it came from The Man. I have also thought that maybe bitcoin was originally created to track and map a part of the black market. When cash is actually hard to track, then create a digital currency that is "safe and untraceable" for all kinds of illegal activities. Honeypots like these wouldn't be created to actually convict criminals, but to map their activity so you can create strategies according to that information. Same thing could be used to fund certain things that's funding needs to be more under the radar. I don't know if "The Man" created bitcoin, but I know that they surely would have good use for it. |
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You can summarize this long rant into "I'm right, even if I'm not right". Religious nuts like these create more harm then good to bitcoin imo.
This could be said of you as well. Whats up with intelligent people arguing desperately against bitcoin in a bitcoin forum like Jorge Trollfi and you, kkaspar? Is there a point in shouting bitcoin will fail to a group that mostly believe in bitcoin? What if you actually turn out to be right? You gain absolutely nothing from this. And don't come with the "I'm only here to help" argument. Thats utter bullshit It's funny that you say that people are actually "arguing against bitcoin". I myself find that bitcoin is an interesting piece of software, but I also find myself arguing against the religious zealots who have gathered around bitcoin. It's common for religious people to speak in those terms. I have often heard that if I don't agree with the Christian world view, then I'm actually against god. People aren't able to comprehend that there could be different understandings of god and if you don't accept the religious dogmas in Christianity, then you are not against god. It's not surprising to see the same mentality here. I'm here for the same reasons then most probably are, to read and to speak my mind. I think that bitcoin doesn't need religious worshipping, so I can't see that I have to either worship it or leave. I like to keep an sober mind and take bitcoin as it is. An interesting piece of software that currently is an innovative gambling platform, but what also brought forward ideas that can trigger the start of something more." |
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Thankfully I had not yet gotten around to ignoring kkaspar yet, so I saw this. Of course I have to ignore him now that he caught my attention, since he is a troll who adds nothing of value, regardless of viewpoint. Having seen the accusation of mendacity, I reply. including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.
Billions of dollars? Really? That's hype on a whole new level. Really. I can enumerate a billion in ventures without trying hard. It's only a thousand millions, and a 5-10 million startup is begun practically every week. Then there are miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net. BTC turns over 6 times annually. For each dollar of recurring cash flow multiple dollars of investment are rationally expected. yeah try again. LIAR  -> http://www.coindesk.com/following-money-trends-bitcoin-venture-capital-investment/On the Bitcoin side, the $97.5m in venture capital that has been publicly reported underestimates the total, which would include unreported venture investment, by tens of millions of dollars. (...) Finally, it has been estimated that upwards of $200m has been invested in bitcoin mining hardware and infrastructure to date, a figure which exceeds even a less conservative estimate of the total venture capital invested in bitcoin to date. we're far from a billion  I am a liar, but you don't qualify to call me one, hd. In a more romantic world (not necessarily a better one) we would be drawing pistols at dawn. I know I am a liar, because I have to wage war against myself every day, to stay on a path of truth. I admit to indulging all too much rhetoric, by purely rationalistic standards (but definitely not by romantic ones). More struggle remains, I guess. But that rhetoric is not intended to deceive, and if I am in factual error I am eager to correct it, if only to steel my rhetoric against facile attacks by nattering nabobs of negativity. I played loosely with words, and you called me out on it. For that I commend you, in that it was an excellent call, accurately identifying your perceived opponent's weakness, and maximizing it to your perceived advantage. I say perceived because I believe that, in fact, your own interests would be better served by seeking win-win collaboration and value-enhancing synergies than by exercising your oppositional personality disorder. It would not, in fact, be "easy" for me to enumerate a billion in ventures full stop. I would have to include "miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net". Correction made. One small aspect of the brilliance of bitcoin in its conception and execution is that it aggregates to its own agenda the resources previously dedicated to the fiat economy. While resources freshly allocated to bitcoin may be less than 2 billions (but certainly more than 1 billion, and hence deserving of the term "billions", rather than "millions", which would be mendaciously misleading) the resources now commanded by bitcoin, subservient and leveraged to its design goals, are on the order of tens of billions in USDnow terms. If bitcoin achieves its maximum conceivable penetrative success, without the expense of more than X USD of fresh purposefully dedicated infrastructure, it will have done so my commandeering trillions is pre-existing infrastructure, and re-purposing it. By the way, hd, your attack, while well placed, lacked force. You quoted (to your credit) parts of the source which supported my position, and the conclusions of the quote were weak refutation, if they even qualified as refutation. The source enumerates 300 millions and explicitly states that this underestimates the total. Moreover the source does not include resources which I explicitly mentioned (without estimating). If the source were to underestimate by a factor of 3, it would not be incorrect as a result, thus both the source and my statement can be simultaneously true. Thus the source is no refutation at all. (That you choose obsessive oppositionalism over a synergetic approach, which would seek to extract what valid truth can be found instead of finding fault where perfection is lacking - everywhere, in fact - is probably not doing you good service.) I should not have said "easily" but I persist that I can enumerate in excess of a billion, without excessive stretching. This would involved many disputable numbers and perhaps even disputable resources. They would still be enumerated, and their total would still be serving the interests of bitcoin's design, some in a dedicated manner, some in a multipurpose manner, the latter mostly inherited from pre-existing infrastructure, but fractionally co-opted by bitcoin. It would also include ventures not considered in the total reported by your source. (If both law and principle prevent me from defending myself with lead or steel, I can at least man up enough to use the tongue granted me, in the most temperate but penetrating manner which I can promptly muster.) You can summarize this long rant into "I'm right, even if I'm not right". Religious nuts like these create more harm then good to bitcoin imo. |
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in opportunity costs, it's well north of a billion. MillionsZILLIONS of unpaid man hours of work. I don't think it's legit to count opportunity costs, because that's not how infrastructure costs are usually calculated.
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including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.
Billions of dollars? Really? That's hype on a whole new level. Really. I can enumerate a billion in ventures without trying hard. It's only a thousand millions, and a 5-10 million startup is begun practically every week. Then there are miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net. BTC turns over 6 times annually. For each dollar of recurring cash flow multiple dollars of investment are rationally expected. yeah try again. LIAR -> http://www.coindesk.com/following-money-trends-bitcoin-venture-capital-investment/On the Bitcoin side, the $97.5m in venture capital that has been publicly reported underestimates the total, which would include unreported venture investment, by tens of millions of dollars. (...) Finally, it has been estimated that upwards of $200m has been invested in bitcoin mining hardware and infrastructure to date, a figure which exceeds even a less conservative estimate of the total venture capital invested in bitcoin to date. we're far from a billion No! You are wrong! It's zillions! The numbers that were presented at coindesk were put there by Satoshi only to test your faith. |
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including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.
Billions of dollars? Really? That's hype on a whole new level. Really. I can enumerate a billion in ventures without trying hard. It's only a thousand millions, and a 5-10 million startup is begun practically every week. Then there are miners, the foundation, numerous apps for every platform in currency, exchanges, miner manufacturers, purveyors of plastic, shopping sites, not to mention the dark net. BTC turns over 6 times annually. For each dollar of recurring cash flow multiple dollars of investment are rationally expected. Nah, I think it's like zillions thrown at startups every hour! It's divine money, coming directly from god. The most important thing that makes Bitcoin special (Armory) got a whole 600 000$ ! |
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So.. hodlers, share your feelings. Getting nervious?
very confident, what about u? are u nervous? I'm a little excited because it seems that there will be a nice drop soon. I'm anxious to see how deep will it go... why would we see a nice drop ? Low volume and low buying interest. Only thing that keeps the price from dropping is that everyone are holding their breath and waiting for a whale to come and start buying. People can hold their breath for only so long and it's not very likely that there will be a whale brave/stupid enough to buy with this price and volume. Everything is possible, but some things are unlikely to happen. Right now it's more likely that good things will happen with LTC, not BTC. |
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So.. hodlers, share your feelings. Getting nervious?
very confident, what about u? are u nervous? I'm a little excited because it seems that there will be a nice drop soon. I'm anxious to see how deep will it go... |
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So.. hodlers, share your feelings. Getting nervous?
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