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It took humans thousands of years to realize bartering wasn't the most efficient way of conducting transactions. More exchanges will open up very soon and gox will not have the strangle hold it has now. People don't need to accept it as payment but if an organization started accepting donations (who doesn't want a free donation?!) then it will catch in quicker. Because of the 'stability' now people will start spending them now which is probably the best thing for it. Crypto>fiat end of story
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I agre, BTC, LTC and other crypto currencies are the future. Looking back 20-30 years from now when the last BTC are being mined no one will remember this 'little' crash. Its just a tiny drop of the entire currency bucket.
Yes, it seems like a big deal now but in retrospect this is nothing.
BTC will be back and higher than ever in 1-2 weeks tops im selling all my tangible assets to buy BTC & LTC right now while its so low!
The whales(wallets with huge amount of BTC in their accounts) will soon buy up like crazy. at these extremely low rates, Most of these whales (big spenders/investors) will then buy up the enormous discounted price and doubling their profits shortly after
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makes me sick to think about the whales who sold thousands of BTC at 250usd ea... we all know its only a matter of time before BTC surges back up past 266 this time When will the next 'bubble' (holds back laughter) be? 350? 500? 750?
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If i recall the latest guess of who Satoshi really is was in fact from london...
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The famous link to the website where Satoshi Nakamoto first published his essay where bitcoin was first mentioned. Ive been trying to read it for sometime, and today when i went looking for it i couldn't find it so does anyone have the link? I believe it was on metzdowd.com
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I have been using them for about 3 weeks and already saw a dividend. It wasn't much but still, very nice to see a ROI. Sure as hell better than waiting for your central bank to issue you interest.
Besides, i only risked like 2 BTC into my HL wallet and that was when they were trading at like 50 ea.
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Too bad BTC is untraceable, good hackers wouldn't do it if they weren't good enough to think they weren't get caught, if someone stole it, its gone.
It sucks sorry dude, move on, acquire more and youll make youre money back when BTC doubles in price within a month. Use more protection (auth)
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I like your idea(s) hope someone helps us americans out too! I dont think the debit/card credit card method will ever catch on though. Part of what makes BTC so valuable is because it's 'difficult' to get. If everyone with a smart phone or debit card could buy it instantly it will lose its difficulty thus making more people able to get it.
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and then from 300 to 1k by june 1 2013 the world has seen BTC's value and many are embracing it!
300 by 4/15
1000 by 6/1
sky is the limit im buying all i can.
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I dont think the road to 1000usd will be as hard as some say. Once the ball gets rolling it just continues to pick up speed and becomes even harder to stop.
The more people that get involved only increases the likelihood of friends families co-workers peers all spreading by word of mouth.
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Lets all hope so!!!
Ten years from now when every country and citizen is using The BTC system, most people wont even know what a Bitcoin is and they will only be familiar with Satoshi's Like how banks (at least here in America) have huge denomination bill but they are only used to perform big transactions and the majority of the public isn't even aware these huge bills exist.
I see a similar thing happening 15-20 years down the road when the last few thousand bitcoins are being mined, most people will have never owned a whole BTC (except us 'early adopters')
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hey at least its making news...thats a good thing right hahah
No such thing as bad press
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Nooo, all these BTC related websites need step up their protection.
TO all hackers reading this, hack North korea intranet servers not BTC related servers!!
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Its a good theory but BTC is hard to predict to within a range of 5 usd.
It also tends to go up around 7-9pm (EST) probably because thats when China is waking up and first thing a lot of people do is buy BTC.
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I dont even care about gox for anything other than the most accurate exchange rate honestly. I use bitfloor and even tho its not that accurate it is way less of a fee and instant and convenient for me!
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Id like the most accurate live ticker (obviously) that alone might get me to switch from my current
Probably the other thing would be a one-stop shop where i could buy in the most convenient way possible (bank trans or cash trans at a money gram) it would also be nice if my wallet could be accessed easily from there or a link to a sister site for wallets.
One other thing might be a a feature where other fiat and crypto currency exchanges and conversion rates are easily viewed.
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Yeah, if I invented something like this too I would Definitely want to keep a large sum (51%+) In order to ensure that I have control of the market Not for the reason that I would dump them suddenly And screw over the world but because I trust myself more than anyone Else and 51% off the market would allow me to get rich and Protect the network from others who may use their huge amount of BTC To crash the network
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Hello!
Great idea! I don't have time to watch the videos right now, because I am busy bit-coining at the moment.
I would consider making a BTC donation to the cause though! Maybe in the near future, especially if BTC makes me rich, ive always wanted to be a philanthropist.
-Jackofspades
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I read a few minutes ago on https://vircurex.comthat only 4 confirmations are needed in the BTC network as of today! will this drastically affect us users or will it only be beneficial. where did the original 6 confirmations needed come from anyway?! is it just an arbitrary number?
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http://finance.yahoo.com/blogs/daily-ticker/bitcoin-prices-blast-100-driving-speculators-wild-150415225.htmlHere is an article form today. It was on CNBC last night and this morning... Congress and the banks know about it and made a ruling in mid march... It's only a matter of time before it truly goes mainstream. What is the definition of 'mainstream' though? Is it a percentage? A majority? More importantly is it good that it becomes mainstream...when and if it does? It is starting to be recognized by the media. A national or perhaps global awareness of BTC may be great to drive the price up but it could also cause governments to become 'jealous' and regulate or at least attempt regulation which would inevitably drive price down, especially if BTC was made illegal and even if it wasn't enforced i think many people would become deterred by the illegality factor of BTC. -Jackofspades
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