|
Meh.
I think the growth is just that exponentially more Average Joes have figured out how easy it is to log into a Coinbase, Gemini, or BitPay acct, set up a form of payment, and hit the 'Buy' button.
Done.
Really not that hard, lol.
|
|
|
|
Guys, just a PSA, please quit worshipping or glorifying Vinny Lingham just because he is on some stupid TV show and happens to like Bitcoin. The guy is a complete idiot hack who knows absolutely nothing about Bitcoin protocol design but keeps pretending like he does. Kinda like Roger Ver. And his calls/predictions on bitcoin price movement have been way off too, so he's not even a decent oracle. https://twitter.com/VinnyLingham/status/844658734991257600I'm getting sick and tired of seeing people who have no technical knowledge, background, or experience of Bitcoin protocol development talking as if they are an expert, or even knowledgeable enough to debate the topic. It's the pinnacle of Mt. Stupid on the knowledge chart. I wish people would just show more humility.  |
|
|
|
The realtors don't ask questions, after all, they have already landed. (In fact, even non residents can own property, as long as they pay.)
I heard a story about this wealthy Chinese, moved to Canada, bought a large plot of land with a house in it (even though he did not like the house), demolished the house, and put up a new one that looks the way he wants it to look (like a Chinese temple or something, all bright red and that, yes, it's the stereotype too.) Cash.
So much for China's yearly capital controls, har har. Of course the wealthy always know a way to grease the wheels. |
|
|
|
I'm sure he can think of something. This part is best left to your imagination. The drug guys and organized crime have been doing it for years. Or you could mix it up and use your crypto to buy PMs (like gold or silver) from a reputable site then sell those to a PM dealer local to you. (Big transactions will get recorded.)
Or, you know, you could always just say that you got your bitcoin from Mt. Gox. Or from Cryptsy. Or from [ insert any other exchange that disappeared here]. How would they know otherwise? |
|
|
|
But I would disagree that their is no community.
In the same way, it can be said that Goldbugs or Silverbugs are a community. Same can be said with communities that form around other private money like the Totnes pound.
If you click on bitcoin vs precious metals youtube videos, for bitcoin it's all about trying to smash and grab some pump and dump profits, while metals talk is usually more forward thinking and pragmatic: Lol r0ach. That's bullshit. All I see are PM bugs whining about "When is the Financial collapse or Apocalypse finally going to come so the stack I'm sitting on (and losing money on btd) will go to da moon?!?!?" So many of them now are butt hurt because a) they got caught up in the precious metals FOMO buying of 2011 and now they are sitting on a loss, and b) see Bitcoin and other cryptocurrencies moving up in price |
|
|
|
... lots of good stuff about the cruel world snipped ... bitcoin community ... There really is no such thing. That's like saying 'http believers'. It's just a computer protocol, which more or less works. Ah..i now see the problem. There is no community, instead there's religious lunatics?  I mean they're just believers aswell. Anyway, as you said, if there is no real community, and if it's true, then I truly think that this is not in favor of the people. But if it's not for the people, then what's the point? I may aswell go back to the bankzters, and not go through all the trouble if it's gonna end up the same anyway. Actually what LotV8s said is a little misleading. It's true that at it's core, Bitcoin can be seen as just another technology that works, like the internet. But I would disagree that their is no community. For a form of good money to be seen as 'valuable' among a growing group of individuals across the world, there has to be belief. Belief that it (Bitcoin) is more valuable than other forms of money, or at least as valuable. It's a bottom-up, voluntary approach. Hence: a community of like-minded individuals forms around that money. Call it a tribe, call it whatever you want, but it's still a community. In the same way, it can be said that Goldbugs or Silverbugs are a community. Same can be said with communities that form around other private money like the Totnes pound. Fiat currency has no community, because individuals are forced to use it by their respective governments for most things. It's a top-down forced approach. |
|
|
|
Anyone heard of that USD altcoin? It's said to be the world's reserve currency and one of the few hard fiat currencies with only around 2% inflation p.a. I'm really bullish on the BTC/USD pair, I expect the USD to rise some more.
never heard of it I heard it once had a hard fork from some shiny yellow metal. The metal fork coin has been doing just ok since, but the USD one is more popular with the peeps it seems. I think the yellow metal coin was the better value though. |
|
|
|
|
Someone please laugh at my stupidity too! Been holding since $500-ish! Even bought a bunch at $300, and a little at $900, ugh.
God I'm such a moron! Any more holding and I'm gonna end up poor.
|
|
|
|
I wonder how Bitcoin illiterates all over the world will see this. Since the average human being don't even understand what is Bitcoin. Now telling them it splitted in two ! Oh I know. Ultimate proof of unreliability and scam.
Well, initially this was my concern too. But after the ETC/ETH split, it became clear that ETH was what was going to be supported by brokers (Coinbase, Gemini, etc.) and exchanges. Now I hear complete newbs to the crypto world talking about buying "Ethereum" and they are clearly referring to ETH. Most don't even know that ETC exists, much less that there had been a split. So long term I'm not sure it will matter. TL;DR - Bitmaincoin may just end up becoming another shitcoin in China. Perhaps even adopted by the PBOC as China's official crypto. Maybe they've already been in private discussions about that, who knows. |
|
|
|
Notice that all the shitcoins are left completely alone by the media and eternal FUD machine. They are being completely ignored, because they pose no threat at all.
Then why do you need to comment it? Looks like you are the one feeling threatened here  Actually looks like I hit a nerve, eh? Did you panic sell at the bottom? |
|
|
|
|
Just remember guys, as long as Bitcoin has a perpetual 'enemy' that rears it's head every few months, then it is doing something right.
Notice that all the shitcoins are left completely alone by the media and eternal FUD machine. They are being completely ignored, because they pose no threat at all.
|
|
|
|
Anyone else feel that Bitcoin would be a world dominator already if it wasn't for human greed, stupidity, and corruption?
Human nature is clearly Bitcoin's biggest weakness..... what satoshi should have done is embed consensus protocol rules into how the code was managed and released. No debate, just information and observation.
Yes. Satoshi probably never envisioned where miners would 'block' needed upgrades to game the system to their advantage, or over politics (i.e., that they can be bought by bad actors to deliberately slow Bitcoin's progress. Of course this could happen to any crypto). I also blame Gavin et. al. for not addressing the double spend bug and hooks to enable something like LN much earlier, before the big miners got involved and ruined everything. You can't reverse something once it's in the code and accepted by the miners. |
|
|
|
Most importantly, it's fully anonymous. There are no banks, exchanges, governments or other corporations involved... just me and my paper wallets, some dude with a laptop or phone, cash and the blockchain.
Not to mention, the real reason that the banking industry is scared of bitcoin is that if it becomes popular as a form of the peoples' "savings", they won't get customers ongoing deposits to continue their massive fractional reserve scam... which they rely heavily on. |
|
|
|
... there is a chance for 3 chains: BIP148 Legacy chain Jihancoin. Can you guess which one I will be dumping?  Wow, so I can almost triple my money? .... kidding.  Why dump any? Etc is clearly proving that it's lucrative to just hold them all. |
|
|
|
Good morning Bitcoinland.
Just got back from acquiring a bit more coin. Wish I could have afforded more. Didn't quite catch the absolute bottom but came close.
It's rebounded over $100 since... currently $2285USD (Bitcoinaverage).
Do you think this correction is done yet? It's still not as deep as the one from May 25-27. It would have to go below $2k do match that.
Hard to say. Usually there are 3 legs down. The troll shorts usually aim their biggest bag of ammo somewhere in the middle, with the last one barely breaching some psychological barrier (like $2k for example) before giving up. I guess it depends on how much ammo they got left. |
|
|
|
Once bitcoin drops below $2,000 again, it probably won't ever get back up above it ever again.
Didn't know you were still here Proudhon! I concur with respect to the odds you outlined: it isn't likely at this point, not given the competition out there. The tech is getting ancient. Confirmed. Proudhon has always been correct in his analysis. |
|
|
|
|
Not to sound like a bear, but it seems the troll shorts are intent with their bear raid to push to sub -2000.
Where will they run out of ammo?
|
|
|
|
|
Show Posts
