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521  Bitcoin / Bitcoin Discussion / Re: John Mauldin on Bitcoin on: December 02, 2014, 03:22:56 PM
At last John has written about Bitcoin.

https://www.mauldineconomics.com/frontlinethoughts/is-bitcoin-the-future

It's quite lengthy so I won't post it here, but very well worth reading.



Why the financial types ALWAYS like to talk about how Bitcoin will be replaced by Bitcoin 2.0 or Bitcoin 3.0? It's uncanny!
I think that what they meant is: "we were oblivious to bitcoin 1.0, so we let 2/3 of it falling into the "wrong" hands, but wait, no worry, we will make sure that we will have 90+% of bitcoin 2.0 or bitcoin 3.0"
"I love the blockchain but don't like bitcoin" is pretty much the same game...
These people are soooo transparent.

BTC 1.0 will evolve into 2.0 or 3.0.
522  Bitcoin / Bitcoin Discussion / Re: Who are the next adopters? on: December 02, 2014, 03:16:30 PM
People with mobile device and paid salary with BTC.
523  Bitcoin / Mining speculation / Re: What if a large number of miners were suddenly forced to shut down? on: December 02, 2014, 03:14:03 PM
Bitcoin price would crash badly as it is easy for 51% attack.

Yes, I do it twice before breakfast every morning  Roll Eyes


Edit: Holy crap that's a senior member, how the hell are you around here this long and not even get a clue by osmosis.

It is actually true that one mining entity has over 45% mining power several times in history. If the community does not advocate the miners to leave that entity, it will be over 51%.
524  Bitcoin / Bitcoin Discussion / Re: This Investor Thinks Bitcoin Will Change EVERYTHING — Not Just Finance on: December 02, 2014, 02:49:04 PM
BTC is just a foundation. Many things can build on it.
525  Bitcoin / Bitcoin Discussion / Re: Mining v Hacking on: December 02, 2014, 02:47:48 PM
It takes many trillions of years to hack one wallet.
526  Bitcoin / Bitcoin Discussion / Re: Mozilla accepting Bitcoin on: December 02, 2014, 02:45:54 PM
Good writing. Hope Mozilla achieve more with the BTC donations.
527  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin FATALLY FLAWED? on: December 02, 2014, 02:39:03 PM
In the future, you will get paid with BTC, so there is no need to acquire it from exchanges. In fast, in the distant future, there will be no exchanges, as BTC is the only one.
528  Economy / Speculation / Re: Black friday was a JOKE! on: December 02, 2014, 02:20:53 PM
Like most people, they are not going to spend their BTC to buy things in fact they are going to buy it with fiat, that's what I did. They realized that BTC too valuable to buy things with right now

However, if you/we do not buy with BTC in the future, it is worthless.
529  Economy / Speculation / Re: What is Value of 1 BTC in end of Year ? on: December 02, 2014, 02:19:18 PM
Between 380 to 420.
530  Economy / Speculation / Re: 2014 is NOT the year of bitcoin, sorry on: December 02, 2014, 02:18:12 PM
2014 is the year of start of adoption of BTC.
531  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Doge coin is bad on: December 02, 2014, 01:01:40 PM
It started like a joke coin and should end that way maybe?


It does not matter how it started. If we can find use for it, it will survive.
532  Alternate cryptocurrencies / Altcoin Discussion / Re: If Satoshi was like Ripple Labs on: December 02, 2014, 12:54:48 PM
neither bitcoin nor ripple are fit to be wide adopted currency because of the bad distribution. Something else, FAIR and with better distribution will come along. In the end not the most innovative crypto will be the biggest store of wealth but the one with the best distribution, the fairest. Bitcoin fails because of satoshis greed. It's harsh but that's reality.
People will ultimately not adopt a thing where one single person or group has such big control/influence as serious currency.

Just not going to happen. Collective wisdom and such.

Sorry to pop your pink bubble of dreams.

Satoshi did not premine or instamine the coins.
533  Alternate cryptocurrencies / Altcoin Discussion / Re: The TRUTH about Darkcoin: ZERO Anonymity, EASY DOS attacks, & Amateur code base! on: December 02, 2014, 12:46:55 PM
Can these servers be shut down by governments?
534  Other / Archival / Re: WU files copyright claim to remove Bitcoin AD on: December 02, 2014, 09:52:52 AM
You guys forgot to put the 1-2% it costs to buy the BTC then the 1-2% to sell it! You also forgot to put the hoops you have to jump through to buy bitcoin. Much tougher then filling out a form at WU.

If we are paid with BTC in salary, then these costs will be eliminated.
Not true. This would only be correct if you were able to spend your salary in bitcoin (which would require a much larger merchant adoption and a much more stable price for it to make sense to do so

That day will come slowly.
535  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think each country should create their own cryptocurrency? on: December 01, 2014, 09:41:46 PM
Cryptocurrency should be international.
536  Other / Archival / Re: WU files copyright claim to remove Bitcoin AD on: November 30, 2014, 12:16:11 PM
You guys forgot to put the 1-2% it costs to buy the BTC then the 1-2% to sell it! You also forgot to put the hoops you have to jump through to buy bitcoin. Much tougher then filling out a form at WU.

If we are paid with BTC in salary, then these costs will be eliminated.
537  Alternate cryptocurrencies / Mining (Altcoins) / Re: October 2014. Are GPU rigs useless? on: November 29, 2014, 10:48:22 AM
need to build solar panel if want continue GPU rigs

Amen to that, I'll come back to mining one day, in a house with walls made from solar panels  Grin

I find selling solar panel's power back to the grid is a better investment. And you don't need to do anything...

Mining is not profitable for most people.
538  Alternate cryptocurrencies / Altcoin Discussion / Re: I wanna release a coin,but scrypt litecoin clone.would u be interested? on: November 21, 2014, 04:01:03 AM
If it is cryptonote coin, then people might be interested.
539  Economy / Economics / Re: bitcoin and money laundering on: November 21, 2014, 03:38:45 AM
BTC has a long way to go to become a most laundered money. USD is the most laundered money, however, it is still legal tender.
540  Bitcoin / Bitcoin Discussion / Re: Btc Price Was Higher Last Year Than Today on: November 21, 2014, 03:35:28 AM
Slow appreciation of the price is good for BTC.
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