Hypothetical scenario: A theoretical reality show called "Bitcoin Wars" invites you to compete to see who can earn the most Bitcoin over the course of a summer. How would you react?
This is too vague. What are the rules to earn Bitcoin? Can you just buy them? (which then the richest will win). Or will everyone start at 0 and will be opening their own business (sort of what Donald Trump had done?) The idea is not to buy them, but to EARN them. You can start your own business, or you can try earning them by selling junk around your house or doing jobs for people. It's up to you to decide what the winning strategy is without buying them. Well, those that are already wealthy have endless things to sell for tons of money. The already wealthy always win unless you set straight rules. |
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the average joe is not going to want such a volatile ass income. It's not volatile income - it's volatile savings. There's a big difference between the two, although people who live paycheck-to-paycheck might not know what savings are and so might not recognize the difference. If a person who is paid regularly in bitcoin buys as much local currency as they'll need before their next paycheck on the same day they get paid and saves the rest, they are not affected by short term volatility. "Normal" people dont think like this. They want something stable. Otherwise they treat is as some kind of asset, like gold or something, not "Money". |
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This is a bunch of permabull garbage.
The answer to this question is......no.....this is not an asset for the poor.....this is an asset for people who know how to use it and put it to PROPER use.
Well, if you are in a shit tier country that has at least a half decent connection, you could be making way above minimum wage from sig campaigns alone, this within itself a revolution. |
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Actually it's not far farfetched that BTC itself could have been created by the gov or some agency. I belive the theory of Bitcoin being invented by someone government related is very plausible, but so what? the code is open source. It's like complaining about TOR being invented by the US army, so what if then serves good for the people.
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People that can invest and people that cannot invest, thats the main difference between classes. Someone that cant invest is trapped forever into a wageslave life where the wage goes away with minimum expenses.
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the UK is fucked, glad i left at hit mainland Europe where the economy is generally also fucked.
Fuck it, if the UK relaxed it's cannabis laws i'd probably move back, oh and got some more sun.
UK is depressing. Always cloudy and rainy. Fuck that shit I say. |
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ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
I dont see why people is oppposing to the 20MB fork, we are going to hit 1mb limit again soon. |
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I've tried to explain the concept of the blockchain to my parents and they just dont get it, because they dont see why there has to be a public ledger for every transaction.
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Apparently we've had 3 forks already, why this should be any different? lets just cooperate please.
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Did you see someone who is leaving Bitcoin? I mean dropping out from Bitcoin.
I did, recently I saw two persons who are leaving Bitcoin, they wrote down what they experienced, One of them said he had thinking this for whole night,and finally decided to leave: sell all the coins and withdraw the deposit,he is tired of watching the price all the day.
The other one said he is a innocent student and made some money from Bitcoin including Alts IPO, Trading, BTT accounts business. He wrote down the whole experience in Bitcoin,But now,he said he want to fall back, frauds from community are boring him,so he decided to leave.
I fell a lot of regrets,after reading their story, are the number of people of the community is falling? Bitcoin is a letdown for some people?
I understand being tired of watching the price but you can always stop looking at it and stop going on bitcointalk while keeping some coins on a paper wallet on cold storage. The only way to win is to put the coins on a hard disk disconected from the internet then come back in 10 years while you do some hobbies that make time pass faster. |
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Some people have the ability to think long-long term and Former CEO of UBS & Credit Suisse is one of them. |
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If you do get into bitcoin, get in for the long long term, otherwise you'll only find disappointment.
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What if you are a day trader and need to keep your coins on the exchange to benefit from market movements?
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Not much would change, wealth distribution would still be uneven as hell, but at least the basics of the game wouldnt be rigged (bernakle printing money etc)
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No citation needed. Cash = totally anonymous. Bitcoin uses a public ledger, the blockchain, Monero doesnt. Is anonymity required for something to be cash? That's the citation I'm talking about. I dont know, but everyone and their mother think of anonymous exchange when they think of cash, thats what matters not some official book meaning. |
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Gosh, that's terrible. You should always run the vanity generator offline and using trusted sites source code like bitaddress. Guess it's too late right now to do anything but at least take corrective actions and steps to prevent from happening again.
OP has to learn the fact that every second your coins are outside your local wallet they are in danger. And even then, if your computer is online, there is still risk (paranoid mode). |
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These guys love some flashy headlines to sell more newspapers and tv show views for all the newspapers and tv consuming idiots of the world.
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Mine shitcoin - > exchange for Bitcoin.
Thats what most peasants like us have to do.
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Well, if there's no exchange in Somalia, it's now a huge opportunity to start one.
They probably would have one or 2 exchanges there allowing people to trade bitcoins for cash. How about the next step: Merchants actually accepting BTC for goods. If we always depend on an exchange to convert to fiat then BTC as a currency is useless. |
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