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Thank you!
The first one just sounded strange to me.
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Saw this description. Something about it seems erroneous.
How would you word these two sentences to make them more accurate?
Or ... are they accurate as-is?
Thanks:
"1) “Bitcoin however is not managed or controlled by a central government or organization. Instead, the network is run on thousands of independent user’s computers. None of these computers have more control over the network than any other computer.”"
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To the OP:
The beautiful part about Bitcoin is that it can't be strangled.
Nobody has to use the ATM. And Bitcoin will continue in its current form, at least somewhere in the world.
It may be regulated to death in the USA. That's fine. The US will miss out on all the innovation.
But nothing will result in a strangulation of Bitcoin.
-B-
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Actually i take it back. Maybe 90% of you are flipping out because your days of arbitrage from Bitstamp to Gox, etc are now over.
I can see why you're all so sad. For the rest of us, omitting your kind from the equation is good.
None of you did anything good for Bitcoin, its price stability, or its reputation.
Sorry to see you go.
-B-
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There are two possible scenarios:
1. MtGox survives and allows btc withdrawals: people will arbitrage their mtgox coins on other exchanges and the prices will aligne somewhere in the middle between all exchages: something like 300-400$
2. MtGox files bakrupcy: people will lose trust in bitcoin and will sell: price will drop something around 400$ (hard to say)
This is precisely how I see it. This is utter bullshit. Grow up (in your Bitcoin knowledge). Bitcoin is not a stock. It is a platform. And while you and all your buddies are sweating all day hunched over your computers to try and make $15 on the highs and lows, the rest of us are investing in whats actually being created, and not stressing over some bad news. Bad news is irrelevant. Speculation has a negative connotation. Call it what it really is: Confidence in the technology. Your confidence is in your charts that you used for Google stock. This is why your'e all freaking out and terrified right now, while the rest of us are relaxed. Fortunately as *ADOPTION* increases, and the volatility decrease as a result, you all wont have enough highs and dips to warrant sticking around, and you'll go back to your eTrade screens. -B- |
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Agreed. You'd think the people on Bitcointalk would be smarter than the weak hands who run crying at any bad news. But going by how you all talk (above) ... you are the weak hands. None of you have any knowledge or awareness or faith in the Bitcoin infrastructure, do you? Its all about the market price. Nothing more. The highs. The lows. The bad news... Congrats. You guys are the reason the Bitcoin price can't stay stable. I encourage you all to stop for a moment and read this: http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency"Bitcoin: It’s the platform, not the currency, stupid!" Learn about what you're investing in. Take a moment. -B- |
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The media is going to have a field day with this one  Try to look at it this way. After the media finishes announcing that BTC is dying / dead .... and all the idiots finish commenting about how stupid we all are ... a week from now Bitcoin is still going to be here, and trading at $600+ ... and they're all going to look like fools. Just hang tight. Bitcoin has proven itself to be far more powerful than any media misinformation. -B- |
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1,348 Votes as of right now.
Im not trying to ruin Mark's day or anything (even though he's ruined many others days), but 1300 votes is a miniscule amount given how many people are involved in Bitcoin.
What publication / interface does this need to be placed on, to get more traffic?
Are people tweeting / FBing ?
-B-
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Dear Mr. Nakamoto,
I know you're retired and all - probably sitting down to another episode of Duck Dynasty with a bag of cool ranch doritos in one hand and a diet squirt in the other - sounds great. But, out here in bitcoinland the sh*t is hitting the fan. You see, there's this fat f**k in Tokyo who is really doing some serious damage to your brainchild.
Can you please come back and fix this sh*t before this great idea of yours dies an ugly death at the hands of Mr. Frappuccino, and then later the general public and subsequent media frenzies of "I told you not to go near that thing." I hear that you're a tech kind of guy - I'm sure you can figure out a way to record Duck Dynasty on your DVR.
Anyway, I think you handed off the baton a little bit too early. Mark Karpeles, on the board of the bitcoin foundation? Mtgox, a gold member? Seriously?
Any help would be much appreciated.
Respectfully yours in the blockchain,
The Bitcoiners
P.S. What was the reason for allowing a transaction to be modified prior to it being confirmed by the blockchain anyway?
This event is inconsequential to the lifespan of Bitcoin. Remember. Bitcoin is not the market price. Bitcoin is a protocol, enabling hundreds / thousands of new financial services, and new innovations. The price of Bitcoin is a secondary circus show to what is really going on in the industry right now. This is a very important read: http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency/2/#!wljTt -B- |
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Holliday -
I have been thinking about this pertaining to other issues with wills, etc. Can you explain the process of leaving pieces a little more? You'd give pieces to Lawyer, Friends, etc .... but who is the true intended recipient in that scenario? Lets say I wanted to make sure my wife got everything, but I wasn't 100% sure those I entrusted, would give her everything. Why am I giving everyone a piece, and what piece does the wife get? Some special piece? Sorry, this is probably obvious but I just wanted to be sure.
-B-
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You know, I just thought of something. I was going to print out a bunch of paper wallets for my friends and load them with .02 BTC or something. But it ended up being a nightmare. It was so much work just getting them made, printed, and loaded. Waiting, checking, blah blah blah. I'm the guy who tells everyone to print paper wallets and hand them out to people to get them interested in Bitcoin. I believe its an ingenious way to get people involved. But it was too much of a pain in the ass.
I would really be interested in a bunch of super cheap physical bitcoins that are loaded with maybe $5 or something on them, so I can buy like 30 or 40 of them, and just give them to friends and family. All the people making physical coins are selling them for crazy dollar amounts. But a bitcoin could be a piece of cardboard. These coins don't need to be expensive, elaborate, or even gold plated. Maybe this is a business idea for someone. Maybe for the original poster. If you marketed them as "Spread the Word" coins or "Spread the Wealth" Bitcoins .. always in super small denominations ... for the purpose of getting friends and family involved in Bitcoin ... I bet you'd have a seller on your hands.
Anyone interested or am I going to have to do this lol
-B-
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So what you've got here is USA regulation requirements, combined with "Bitcoin Security" (which I guess requires the hand scan). Put the two together, and you've got an absurd invasion of privacy. Both for legitimate reasons I suppose. But wow ... this can be improved upon. At least one of these doesn't come out of the bottom of the machine:  |
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It seems to now be at 1,000 as the new goal, so anyone who didn't vote, now can.
Phinneus, you too!
Looks like its at 626 votes now.
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LOL i can't believe this whole thread so far is about "What do you mean by a Millionaire"
Obviously he means you had a bunch of Bitcoin, preferably by investing little to no money, then one day woke up and had the equivalent of a million US Dollars or more.
And then an even better variation of the story is that you cashed out and bought your own Jet.
Seems pretty obvious that's what he's looking for. Success stories!
-B-
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Can someone explain to me exactly how PayPal is going to "adopt" bitcoin?
Paypal is a Visa/Mastercard etc payment processor.
They would what .... add Bitcoin then add their ridiculous fees on top of each Bitcoin transaction?
Nobody is going to use PayPal to pay Visa/Mastercard rates on a Bitcoin purchase.
I never understood why people keep insinuating that Bitcoin is anything other than a major threat to PayPal.
My understanding is they are direct competitors.
-B-
LOL.... how does bitpay work again? Hmm ... Well BitPay doesn't charge 3% or more, plus $0.15 per transaction. PayPal does. That was my point. Secondly, Bitcoin is its own payment system. It doesn't need PayPal or Bitpay for person to person payments. They're instant, and free. So that leaves B2C merchant services only. I suppose PayPal could completely scrap all its insane fees, account freezing, crazy demands for personally identifiable information, and start doing what BitPay does... But I suppose that may be a cold day in hell before that would happen. I guess I just feel that the two industries don't match. Therefore they are competing. Maybe I'm completely wrong. I just don't see Bitcoins business model being remotely acceptable to PayPal. -B- |
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Can someone explain to me exactly how PayPal is going to "adopt" bitcoin?
Paypal is a Visa/Mastercard etc payment processor.
They would what .... add Bitcoin then add their ridiculous fees on top of each Bitcoin transaction?
Nobody is going to use PayPal to pay Visa/Mastercard rates on a Bitcoin purchase.
I never understood why people keep insinuating that Bitcoin is anything other than a major threat to PayPal.
My understanding is they are direct competitors.
-B-
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 I can barely believe my eyes She states that if all Bitcoin does is Amazon.com amount of commerce, and replaces Western Union ... that will bring it to $42,000 a coin. Thats staggering. Why? Because its a drop in the bucket for what Bitcoin is going to be replacing. Drop in the bucket! They call it a "maximum" but lets be realistic. The remittances market is guaranteed to be taken over by Bitcoin. Done. Now exactly how many Amazon.com's worth of commerce is there in this world? Thousands-of-them-worth? Entire countries are on the verge of adopting Bitcoin (Cyprus, Argentina, etc). How many more Amazon.coms does that equate to? If their Maximum brings Bitcoin to $42,000 .... then we are all going to be extremely wealthy in 10 years. -B-
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Reading his "tone" in the NY hearings that I listened to on a podcast, I know he feels that a lot of Bitcoiners are wearing tinfoil hats, but he also seems to find it interesting and funny at the same time. As for Bitcoin itself, he definitely seemed open to it, but kept reiterating that he will never, in any way, sacrifice the safety of Americans post-911 (his words) for the utopian libertarian world of zero regulation (my words).
I think he knows a struggle is coming, but it was funny to see him on Twitter laughing at the meme someone made of the game controller with his name on it and the various buttons for "Kill Bitcoin" / etc ... the fact that he's goofing around on Twitter with all of us is not only strange, its potentially promising. In a really, really weird way.
Its somehow comforting to know that the guy you're about to fight with isn't some untouchable, robot-like "suit", but a down to earth human with real flesh and blood.
-B-
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