Look at this one. It's in the "news" today. Source: http://guardianlv.comBitcoin, a crypto-currency, relies on stock holders and currency exchanges for expansion, one keeping the other from price falls that halt growth to the market. WTF? So, how much bitcoin stock do you own?
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This is awesome! I'm subing. lol Can you write me into the story, please. I could be a mysterious lurker with an eye patch.
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To be clear. Albert Einstein was not religious. In his own lifetime he was irritated to be constantly correcting the record about things he said. There is no God in E=MC2.
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This place is such a cult like atmosphere, mocking people who want to get out after losing a substantial amount on their initial investment. cognitive dissonance at its finest. I'm worried what it will be like when price drops into the $300s... just don't drink the kool-aid, please.
He is being mocked for calling bitcoin an "investment". I have never invested in bitcoin. I use bitcoin and have never lost a penny. A real investment provides growth to it's investors by design. Bitcoin is nothing like that, was not designed to be that, does not function to provide growth. If he had started by reading the white paper he could have saved himself a lot of money. Instead he takes no personal responsibility for his ignorant actions and says "You guys fucked me over". Give me a break.
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Because America got it's ass kicked, and now thinks it can just go home. That is not the way war works. We will be fighting for decades still.
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Bitcoin may kill itself in about 200 days or sooner. With the relentless rise in difficulty within 200 days it will be impossible to mine for profit no matter who you are or how much hashing power you have. The cost of electricity will exceed the revenue generated by the machines. If the price of bitcoin stays at $600 this mining collapse will happen at around 40 billion difficulty level. People with higher electricity rates will be forced to bail out first. Mainly people on the west coast. The only way to forestall this is for bitcoin to double in value or some people have to stop mining so the difficulty can drop. Now if the value of bitcoin drops to low the mining catastrophe will occur sooner. As of this writing it is down to $492. We need to either stop mining or up the price.
The possible good news as we approach the tipping point bitcoin will be so hard to mine that it will hopefully make it go up again. Who knows what will happen. I would love to hear what other people think about this scenario.
What you are describing is how bitcoin is supposed to work. When supply does not support the price of mining new coins, then mining subsides. It's a lot like mining gold. Gold mines shut down for decades when supply is met. When the price goes up they start mining again. In bitcoin this will be the case for many years.
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Of course it's not a currency. It's a store of value that can be used to buy and sell things. Now unicorns, they are a currency.
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Satoshi gives us trust-less money that does not require banking. Then a million people take their bitcoin to the first thing that looks like a bank.
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Prove it, kill bitcoin. I double dog dare you. I read a lot of posts that claim a way to "kill" bitcoin. What I don't see is it happening.
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The price has changed!!!!! Save me Ben Bernanke!!! Please print me more money!!!
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If they could kill bitcoin, then bitcoin should die. We keep forgetting. Bitcoin does not need to be a certain price to operate. It could be worth $0.005 or $5000.00. It does not matter. People care about price, bitcoin is computer protocol. It could not give a rats a$$ about our greed.
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P.S. I think we have actually had a chance to talk once before. I believe we shared a flight to L.A. from the bitcoin event in San Jose and we met on the shuttle.
I recall that on the flight to LA I chatted with Yoni Assia (CEO of eToro), it was in Hebrew but we said "Bitcoin" a lot so someone deduced we're heading back from the conference and approached me. Was that you? I thought it was on the shuttle to the plane or something. But I think that's me. I heard something like "bla-bla-bla bitcoin bla-bla". lol
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I was sure fallling was going to predict a rally this time.
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1. Of course you can earn money. You could sell something or you could work for it. If you mean mining then it's more difficult to answer. You will need to make a large investment in equipment. Your investment in hardware may take years to pay off or may never be profitable. You are risking capitol, not buying in. If you have $20K that you are willing to risk and may completely lose, then it may be something to try. But this is not something you do with a normal computer.
2. If you want to start mining you will need to know the bitcoin protocol very well. You will need to understand everything in the white paper and have a good command of mathematics and cryptography. If you don't know about the nonce, or rainbow tables and such, you are at the infancy stage of your learning.
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i disagree. there are crazies in america, and they are often the ones who do the public shooting, but there's also a gun culture problem.. only in america do we have this many gun nuts and gun-related deaths. guns are rooted in american culture.
people from other westernized countries have lots of their own mentally unstable people, so why don't they have as many mass shootings?
I agree with the firs part of your statement. It is most often the mentally ill that carry out rampage shootings. The problem with the second part of the argument is... "who is a gun nut"? Someone who like guns and has guns as a hobby? Then I guess I am one. Do people in the "gun culture" do the shootings? No. We go to the shooting range and shoot paper circles all day. As a member of a quite serious gun club I know that the people there are extremely safety conscious and careful with their weapons. In fact, in gun culture you show your credibility by being a tyrant about the rules. Rampage shooters are not gun nuts, nor do they have any connection to gun culture, they are simply nuts. Additionally, most shootings in the U.S. are shootings by known criminals and the victims are known criminals. This has always been the case. (excluding the civil war). If we actually enforced the gun laws we have now, and put people away for possessing illegal weapons much could be done to stop the majority of gun violence. But we don't. Often the gun part gets plea bargained away. None of this is a growing concern. Violent crime is at historic lows in the U.S. Even the most dangerous cities are much more safe than a generation ago. Of course, those most violent cities also have the most restrictive gun laws. So if you want safety from gun violence, your best bet is to live where there are almost no shootings and everyone has a gun.
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I vote no. Everyone here should have the right to say stuff. He is not scamming anyone he is just trolling and indirectly adding to the conversation. None of us really knows what will happen, so I don't consider his opinion to be "wrong". Although, I don't think he's right.
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If I gave you a gun would you shoot your family with it? I'm guessing very, very few would do that. So why do we think preventing law abiding citizens from carrying a gun will stop the violence? Now if someone said yes to my question, and would indeed shoot his family because he is mentally ill or a violent psychopath; why would we think that making a rule is going to stop him?
Our gun laws make no sense. They assume that good people will turn bad if they have a gun and that bad people will obey rules. In my experience this could not be more wrong.
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Don't worry OP, we can see what is going on here.
The lesson for any new users is DO NOT TRADE WITHOUT ESCROW. Apparently saying this a million times is not enough. Just never, ever, ever do it.
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The press loves to talk about the "dark net". It makes a far better story than the truth. Nobody wants to read about me buying alpaca socks. I did buy a handgun last week with bitcoin. But it was all legal and boring.
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