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Do I get it right?
I have to pay $30 first to get $30 worth of stuff afterwards?
Is this the deal?
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Midgar - lead your children to the sky
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Yes. It depends more on if you make rational decesions or not.
What rational decision is? Because I can't imagine one if we are talking about bitcoins. |
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I have started a new approach to my spending habits.
Every time I spend money, I buy the equivalent amount of bitcoins.
I booked my flight for a vacation (used Lufthansa.com because the price was a lot lower than cheapair.com) which cost about $630. So after booking the flight I went to Coinbase and bought 1 bitcoin.
I paid for the hotel with bitcoins on Expedia for 3 bitcoins. So I turned around and bought 6 bitcoins on Coinbase after that.
Doing it this way, I will be forced to save 50% of all of my spending. And if the price of bitcoin doubles I will have paid for all of my spending up to that point.
And if I spend bitcoins, it does not matter if the price is low when I spend it and goes up after the purchase. That just means I gained money.
Your thoughts are clear to me. Idea of saving 50% of all spending is good but I'm sure that in very short-term future this scheme will not work. |
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I found somewhere idea that Bitcoin mining can affect on ecology. the greater btc's spread - the greater the influence of bitcoin system on ecology. Does someone calculate cumulative kW of all Bitcoin miners? it can become a serious threat in the future. am i right?
I have no idea how it could affect the ecology. In my opinion bitcoin mining is the way more environmentally-friendly than a working banking system with a huge number of printers, computers, cars and etc. |
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Abba - Money.
I really want to listening song about bitcoin.
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Right now I'm crazy about BMW M5 (e60)  |
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I think the bigger question is how much longer will the US government respect private property rights.
They're already being violated. Civil asset forfeiture, anyone? Private property rights will only be respected until there is a good enough reason to not respect them, such as a national emergency. |
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Now I'm hoping for Gmarket to start taking bitcoins... please, please!
No way in hell. They are still forced to use interest explorer for the sake of security. They won't be doing anything high tech. |
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I wish he would explain how Wall Street plans to monopolize on BitCoin since it is inherently decentralized.
It was invented to work without banks.
Lots of opportunity for some on Wall Street to revolutionize the securities and equities trade. |
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I wish he would explain how Wall Street plans to monopolize on BitCoin since it is inherently decentralized.
It was invented to work without banks.
Bitcoin is actually a great way to create an entirely new class of equities, namely using layered protocols like Mastercoin or Colored coins to build a decentralized stock market. |
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are these guys licensed as a money transmitter?
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Hm... let me guess... nothing will happen, I suppose
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Hmm...interesting. Would like to see additional data points outside of the forums.
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It's all cool and interesting, but to be honest I'm a little bit worried for the kid in such trip
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And I couldn't have more respect for MIT, since bitcoin is often associated with drugs, and I could see negative media articles published about how MIT is "enabling" students to purchase illegal things...But they are smartly looking beyond that possibility.
You know I hear cash has been used a couple times to buy drugs. |
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