The problem with the foundation is that they are nothing more than speculators themselves and don't even have elementary skills to hide it. They are not interested in the long term success of bitcoin.
Typical statement of bitcoin foundation(or a member) when a big scam, theft etc happens "You should not invest more than you are willing to lose.". If the foundation was legit they would say "It is not an investment, get just enough you need for your commercial transactions if you do any at all. Speculators must be banned from our community, we are working on it."
Except that we are not interested in telling people what they can and can't do with their money. Bitcoin was not designed as a speculative financial instrument, but you can try doing it anyway. The part about not "investing more than you can loose" is not a bitcoin thing, that comes from stock trading. Lastly, some members of the BF have been helping bitcoin succeed since the beginning. To say the BF is not interested in the long term success of bitcoin is to say that you don't know about the BF. |
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Hey guys (or girls) welcome. (who am I kidding, it's guys.)
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Some potential lenders are going to be worried about what happens if BTC jumps up $1000. That leaves you owing $1600 + interest. Have you considered that possibility? If you can't pay at that time you continue to accrue interest and the price may continue to rise. Hell it may cost you thousands of dollars to get 1 $650 BTC.
Well I doubt that is going to happen soon, 1000 is quite highly valued. True, yet you will find that such scenarios happen here sometimes. |
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Yea, the big companies won't accept Bitcoin any time soon, simply because of it's price fluctuations..
That can be managed easily, from what I've read, and all the major bitcoin processors offer immediate cashout to local currency to protect against such fluctuations. Besides, if bitcoin does keep trending up then ending up holding it as a merchant is a good thing.  That's right. Overstock has no exposure to price volatility because they only use BTC as a payment network. The price of a bitcoin is meaningless when used this way. |
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Some potential lenders are going to be worried about what happens if BTC jumps up $1000. That leaves you owing $1600 + interest. Have you considered that possibility? If you can't pay at that time you continue to accrue interest and the price may continue to rise. Hell it may cost you thousands of dollars to get 1 $650 BTC.
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Lost +1 lol Get those coins off that exchange pronto! There isn't an exchange in the world that should be trusted with such a large amount. Until we get a regulated and insured exchange, you face huge risks and zero options if the exchange owner just decides to keep your money. I wouldn't keep more than a few hundred dollars there for day trading. |
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At the park office we once sent a new park ranger to the store to buy fallopian tubes for the tractor. Without missing a beat the guy at the store bagged up some fuel line and sold it to him.  |
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Hmmm. What shape is it in? Did you sin a lot or loose some of it to a former soul sucking girlfriend?
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How is this group simultaneously waging a bloody war against the United States and introducing bills in congress?
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It's not dangerous. It's foolish, but you won't get hurt. You will simply loose your money.
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My efforts include buying from Overstock instead of Amazon. |
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Yeah, what a scam to take peoples membership money and use it to organize conferences, lobby regulators, provide a resource for business and the press, to provide a space to coordinate the volunteer efforts of dozens of people who actually do something. Wow such scam! Only a doggy based coin could save us now.  imho-->> you all don't do shit!(*except maybe G-man) fyi~I happen to be a Bitcoin Foundation "Volunteer" ...how am i doing? LOL :-) weeeeeeeee Your doing about as well as we thought you would. |
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I have some bad news to give you. Well, not that bad.
The era of using your home PC for bitcoin mining has long passed. If your serious about profitable mining then you might want to spend $20K on a rig and move to a place with free electricity. It is a tough slog to mine coins.
If you want to do it anyway I would suggest looking into pool mining. Solo mining at home it might take a thousand years to produce 1BTC.
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Commuting on the train in Japan I used to get creeped out by old men unabashedly reading super perverted comics. You would have thought they were reading the newspaper, but nope, it's kiddy porn. lol
Different culture, different values and beliefs I guess.
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I hate to be grim, but maybe some of them survived an initial crash, then sank later. Could that account for the phone anomaly?
that can be one angle that explains it, i also read the interview about the brother whos sibling logged into his QQ group account but wasn't responding even though he appeared "online" . Seems like his smartphone caught some kind of data roaming service and his app auto-logged in. Hmm. that makes sense. I thought that maybe that happened as a suitcase was floating on the surface, but he should have had his phone off / in airplane mode. Right? In any case someone should be able to find out what tower his phone was pinging. That should help define a search area. Or maybe his QQ account was hacked? |
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Title changed. Original post the same.
I probably shouldn't have posted in the general forum, where the quality of the discourse has clearly degenerated to a point where it is hardly worth posting.
It is a reasonable question that should be asked. No one should fault you for asking, but it has been asked for years and strong opinions have developed. |
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You could just ignore them? That's what I do for all Ponzi / gambling offers. The thing I find pointless about gambling is that it comes with a guarantee of probable losses. Why not just burn your money to light a joint? At least you will have a lit joint when it's over.
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Wait, is that him over there?  |
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I hate to be grim, but maybe some of them survived an initial crash, then sank later. Could that account for the phone anomaly?
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You do know that when you gamble, chances are you will lose?
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