I still believe Bitcoin can replace it like some science fiction series and movies but those seems to be 100 years or more later. For near future (5 - 10 years) it will stay just as it is right now.
Indeed I think unfortunately the fiat scam is so well designed that it can last for a century and we'll be dead before we see the dollar empire fall. Not sure about Euro tho, we'll see. In the meantime anyway, all those so called gurus like sephan molyneux let alone alex jones will keep making money off people expecting an incoming economic doom. We'll see Bitcoin going to 1 million a coin before we see the dollar fall. |
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Most of my friends sort of scratch their heads when I try to talk about bitcoin. They ask things like "can't it be hacked" and "why is it worth anything." I explain these things, and then they ask things like "so why can't it be hacked again?" of "so why is it worth anything again?"
Maybe I need to be less technical in my explanations and just say "its digital currency." Most of them have trouble wrapping their minds around the decentralized nature of bitcoin. I think with time people will take it or granted, like a computer or car motor: something that most people have no idea how it works, but most people don't care: they just use the stuff and don't worry about it.
Yep I get the same feedback. I used to talk to them about Bitcoin trying to start the conversation about it and trying to make them feel interested but its just pointless, and there is a point where you think to yourself "well, fuck it, less competition for me since the less people that are aware of Bitcoin now the better". So thats all, I just dont care anymore. |
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This is just coming down to selling out for the mainstream to make more sales even if you end up with a shitty product, or staying as true as posible to your original idea without compromising it in order to make the corporations happy.
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Im pretty sure that to be a member of the winning team that makes it big time in 10 years, you need to be inside the 21 Bitcoin club. Own 21 BTC, wait 10 years, retire. That's all. It's just as simple. That's my moto. In the future when the power of Bitcoin is understood, holding 21 BTC will make you wake up on Jupiter the least expected day.
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The Banach–Tarski ParadoxAs of Jul 31, 2015, the above video has enjoyed 3,853,383 views. If the folks viewing that can wrap their heads around the Banach-Tarski Paradox concept, then Bitcoin, with or without the math, should be a no-brainer for them. Interesting point. Only need 21 million people to see the value in bitcoin to have a "21 club" so to speak. With 7 billion people in the world finding 21 million people to hold a deflationary currency like bitcoin shouldn't be hard. It's .3% of the world population owning 1 bitcoin or 1 in 333 people roughly. But we know that there are a lot of hoarders with a lot more than one bitcoin, so it is not exactly as though we need to count on those figures. I think the economic pressures and negative media will keep most people from owning bitcoins, but some financially savvy people with investment capital may set some aside for the future or invest in physical mining. Over the short term, of course, the original adopters and other "whales" will continue to splash causing volatility but the long term fundamental prospect seems the same- $0 or $1,000,000. The one question I have is whether or not central banks and governments will allow bitcoin to exist as a deflationary global currency over the long term. We don't actually need 21 million. Considering tons of coins, literally a couple million, got lost forever, naturally it becomes more scarce. Also, we don't even need average joes on the millions, we only need a couple of dedicated whales to invest and the price would go to jupiter. The marketcap is tiny. |
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We can't certainly know who knew or didn't knew about Bitcoin at that particular time. Sure, it was probably a small group of people, but it was open source already, it was out there, im sure there was an unknown group of enthusiasts back then that have nothing to do with satoshi or hal, the type of people that hang on irc or deep web or whatever and are tech geniuses, geeks etc.
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I remember reading the argument on what would happen if there was a war or some goverment coalition trying to ban Bitcoin, and the solution was it wouldn't be a problem for the network to keep running because the rich Bitcoin guys would launch their own satellites to keep the network running.
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I wish that I could buy with btc in future is House, apartment or paying my monthly apartment rent
Well then I guess you know you have to get your Bitcoins taxed to do those kind of purchases right? You aren't going to be able o buy real state with untaxed Bitcoin ever. |
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Am I holding that is pretty much destined to increase price on insanely high levels in the future? Yes by I all means I am. The question here would have been, who WOULDN'T hold any Bitcoins, beside the mentally impaired and ignorant?
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We'll probably be at QE10, the return of the QE, and still be wondering how the dollar hasn't collapsed yet. Im starting to believe the dollar can hyper inflate forever and still function as long as people accept it as money.
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Kijiji or local bitcoins..
You are going to have to meet people in person then put the coins through a mixer.
Might be best to just send the coins directly to bitmixer.
I think OP should get their money taxed because im against any crimes. Having said this, you can't trust that in those places there aren't undercover cops, plus you would need to do it in small amounts with different people, no one is going to have 30.000 in cash its crazy. So considering this mixing the coins doesn't matter, also mixers are centralized. |
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Since modern money is based on a lie, I think following paradox is more appropriate: This statement is not true.
Fiat within itself is a paradox. Dollar is less and less valuable, it loses purchasing power since decades ago, yet, America has keep growing and developing, people still accept dollars all over the world, and it doesn't seem like its going to change anytime soon, no matter how many QE they do. |
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It took me about 9 months to become Sr Member which is after 240 activity points. You need 480 for Hero Member so that's 18 months.. that's why accounts on this website are so valuable. Legendary may take more than 2 years.
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Because it seems people need to know how Bitcoin works as in the technical aspect in order to use it or something, meanwhile they use banking and visas and whatnot and have no idea how the technicals work.
It sures needs improvement but it's pretty damn simple to use your smartphone to buy something these days thanks to QR codes.
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I'm personally didn't know what exactly bitcoin is  , so how i can motivate her if ourselves didn't know yet what it is bitcoin exactly. You have 258 activity points which means you've been here for about 9 months, and still don't know what Bitcoin is? What have you been doing in the meantime then? |
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What do you mean gold member? Are you talking about the coins thing that pop up? so I guess you mean Full Member, Sr Member and Hero?
Hero accounts go for more than 1 Bitcoin, im not sure about the rest. It depends on the market, go on the marketplace section.
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What's retarded is your comparison. Ferrari are not meant to be cheap. They are meant for the rich people market. Also, if Ferrari were nodes, there would be far enough to keep the network secure and decentralized  If Ferrari were nodes, Bitcoin would be centralized across a small % of a very wealthy elite, we already got fiat for that. With Bitcoin we want any regular joe to be able to run a node, this can't never be compromised. |
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1. "Not based on trust" Then what is it? Magic? Bitcoin = money. Money = trust. Seems pretty fundamental to me.
It is based in Proof of Work. Maybe you have heard about that. I wanted to comment on the other things, but you are just throwing around words, without meaning and I have better things to do ... There are thousands of coins based on proof of work. Surely there is something special about Bitcoin? There are millions of unsuccessful open source projects which are very similar to successful open source projects. And again, nothing special in Bitcoin World. You didn't answer the question. Why did Bitcoin succeed and other POW coins failed? Bitcoin succeed because it has the best developers, the most money invest, the biggest network. It's as simple as that but some people seem to not get it, they think because anyone can fork Bitcoin Bitcoin isn't special or something. |
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Hi, made 21 posts but got paid for 16, whats the deal?
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can anybody please explain me how the escrow thing works.... Thanks in advance The escrow works as a mediator that is independent on both parties. The buyer sends the escrow the money, once the escrow has received the money he keeps it until the seller gives you whatever you bought him, then once you receive what you bought the escrow sends your money to the seller. It may vary but this is the basic usage. |
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