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The "problem" which isn't a problem at all is one can always leave the system with BTC and quite easily. There will always be options to get BTC other ways. It needs the centeralization to bring the average nit wit in.
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American's off today, tomorrow.
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Hey Thank you all for your kind answers. I just wanted to understand the concept.
Also, how does bitcoin "exist" in computers?
for example, someone with 1 BTC and 20 BTC their wallet must be different other than just number 1 and 20 right?
do they exist in a line of codes or...?
I'm familiar with computers and programmings so you can be much technical as you want explaining this.
Thanks in advance
Simpleton's understanding: The "coins" are assigned to a public address on the block chain. The blockchain is downloaded onto uses who use a QT wallet (I use a qt wallet to ensure more blockchain copies.. i'm silly like that). In order to send the coins you must have the private key. When you send the coins to me the transaction is completed on the blockchain and recorded. The coins have been moved to my address. Basically they are stored on the blockchain. (I'm sure there are errors in my understanding and obv it goes WAY deeper than this) |
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It's funny that none wants to have all bitcoins? Hmm why? doesn't that tell you anything guys?
We are too nice of people to want to monopolize a market? I know it's werid people that actuall care about others strange shit goes on here. |
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Interesting comments, to be sure. I think that cannabis will be legalized at the federal level with the next 10 years, and more states will legalize in the meantime. It's just a matter of time now
The actual reason it is illegal is utterly utterly pathetic.. The gov should be ashamed it's still Illegal. The judge that thought it was going to replace advil is a pure utter moron, an actual negative space person. I've met a few people that were negative space but it's rare to meet people were the world would actually be a way better place with out them. You Fed up good at that point. |
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*League of Legends Voice*
SHUT DOWN
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Yes... but the cost of my final BTC is $1 000 000 000 000 000 000 000 000 000 000 000 000 000 000.00
soooooooooooooo the odds are pretty low.
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That moment when all of the gold the catholic church holds would solve world hunger... an organization out for the people.... has the ability to feed them all but prefers to have gold chains, cups, necklaces, etc..........................................
Ya... BTC is the cause..
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Not even close, Kevin O'leary alone could sky rocket or collapse the market.
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What the hell is Maxcoin? Some obscure altcoin he's pumping? I wouldn't listen to this man.
He told people to buy sub $50..... the man isn't out to get anyone or pump and dump. He hates the banksters thus loves bitcoin it is that simple. Like most humans he wants others to be successful... unlike the rat scum running the banks. As for Maxcoin... the man wanted to make a coin named after him.. lay off his nuts lol. If I was ballin I would have a krogothcoin or something like that. |
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awww back down to 528  . |
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Please note that this is a request for pre-order. Your order will be shipped by the end of May. Never heard of them, and they're selling preorders the quote above was at the bottom of the product details page. Power stats look awfully fishy, nobody is close to 5Gh/watt yet.... On the other hand, I've done quite a bit of business with Bitmain (30x S1 and 4x S2) and have yet to be disappointed. I have yet to be disappointed with Bitmain as well, 4 S1's myself. Might get 2 more, those things are awesome. |
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I don't think that's the case. Mt Gox or China won't have that big effect anymore. The trend has reversed. Enjoy the bull market.
I agree with this mainly because the rest of the planet at this point(IMHO) just accepts China hates BTC and could ban it 100% for all we care. |
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Stupid tinfoil hat YouTube video.
Off the top of my head I can think of a bunch of wars that have nothing to do w banking
Vietnam
Korea
Liberia
Syria
Cambodia
Laos
Afgan-Soviet
Too many to list. Pick any 20th Century communist revolution, any religious war, any land disputes, etc..
REALLY, how many of those countires were part of the central banking system BEFORE then after... Believe what the media tells you and live blind. 10% of your wage goes to pay the interest on the debt your country took out against your name to be paid to the people that started this banking cartel. Open your eyes serfs. |
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Are the only companies I see that offer no pre order BS.
Bitmain is legit..
Minerscube anyone tried them? They seem to have the best gh/s vs $ and quick shipment but anyone tried them? I am considering the 5/ths unit.
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Fractional banking is 10000000000000% impossible with bitcoin however 1000000000% for exchanges.
I can lend out way more BTC than I own as long as all the depositors don't ask for their money back.. this is how are retarded system currently works..
The rothschilds and rockerfellers should be hung, publicly.
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how unwise is it to take up a loan to buy some coins now?
It is always a bad time to use debt to invest, never do it. |
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http://www.bbc.com/news/world-europe-27474162A Russian billionaire has been ordered to pay more than 4bn Swiss francs (£2.7bn; $4.5bn) to his ex-wife to settle a six-year divorce battle. The Geneva court's verdict means Dmitry Rybolovlev, the owner of French football team AS Monaco, will lose around half of his estimated fortune. His net worth is estimated at $8.8 billion right now, and this settlement means that his wife will be richer than him and he loses the custody of his younger daughter. Would like to hear opinions from others. If you are a man and value your wealth getting married is insanely dangerous... we live in a world were we are always wrong.. always. Don't get married with out a rock solid pre-nub. |
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The economy nowadays is more global than ever.
The dollar is the major currency used worldwide in trade, even if for example France wants to buy something from Japan, they will not use Euros nor Yen, they'll use dollars.
If when the dollar collapses, the whole world will feel the pain.
Also, many banks and governments have huge amounts of dollars or dollar-denominated bonds and security and other financial assets that are directly tied to the dollar. And not to mention when the dollar collapses, wall street will too.
Also, the USA is by far the biggest importer of pretty much everything, but all they really export is dollars. In other words they are pretty much pumping (worthless) dollars in the world economy while they buy all the goods. When the dollar loses it's value (and it will as many countries are finally seeing the scam for what it is), most industries will not be able to sell their products anymore, since the USA will not be able to afford it anymore, which will trigger a domino-effect much bigger than the housing bubble (which also started in the USA and had a big influence on the whole world).
The world will have to rely on barter for a short while and will quickly turn to what it knew worked in the past, which is gold and silver.
Store food and water.. they will be worth their weight in silver. |
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I refuse to believe LTC has a 100% chance of keeping it's position when things start to skyrocket.
The first mover advantage of BTC will never be killed IMO. I don't think there are enough LTC lovers out there to ensure it follows at the same value.
FYI, I am a crypto whore and own a lot of different crypto... I.. kind of panic bought.. lol.
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