I would prefer never to have to cash out... I'd rather have services pop up so that I can purchase things with my BTC directly.
Maaaybe (but just maybe) I'll cash out my initial investment when 1 BTC is valued at that price, just to "freeroll" the rest of the way.. but not even that's certain.

I mean... I don't see bitcoin as a "get rich quick" scheme or a ponzi that I buy into to eventually get out before the ship sinks. I see it as a potential future disruptive technology.. in which case.. why would I ever cash out?

The network effect. It was first, it has the largest community of users, the biggest investors, the most trust, media attention, etc. Which makes it that much harder for other coins to compete.

If this was possible, don't you think organized criminals would already be doing it on a large scale? And if that was happening, bitcoin would die instantly.

I know. But is there any more accurate way to estimate this at all?

Using this: http://www.klmist.com/keysreport.html

There are 12k keys with more than 100 BTC, and 97k with more than 10 BTC.. So somewhere in the middle maybe? 30-60k?

Excellent video. Subscribed.

I learned something new about the inner workings of Bitcoin, and the future plans ahead. Nice article.. increased my faith in BTC even more.

Definitely. Get rich quick always draws the masses in.
Just like the Poker boom was set in motion by an average Joe winning a huge tournament, the Norwegian story did wonders for Bitcoin. We need more of those.

You mean something like Trezor?

Update: 12.8 - lost about 3 BTC due to altcoins decreasing in value.
Lesson learned: no matter what they say; people only really trust BTC and immediately sell their alts on any upward motion. Screw altcoins, I've lost enough... too risky. I do kinda feel lucky that I only lost 20% of my BTC. It could have been much worse.

Manufacturers (in any "genre" of business). I saw that one guy had gotten his manufacturer to accept bitcoin, but we need more.
How are we supposed to build an economy if the most important part of the chain still only takes fiat? We don't have anything with the manufacturers.

Anonymity for the user, not the service provider. Don't put your coins into an unknown person's hands.
If inputs.io had been a registered company with the owner's real name and information verified and public, this wouldn't happen. Not unless the owner has a death wish.

Come to think of it, I would expect a store clerk to not even mention "bitcoin" or "bits" or any other abbreviation.
If you consider how people speak in daily life.. he'd just say "that'll be three fifty".. and you'd know he meant 3.5 mbtc by simple deduction.

E.g. you go to a McDonalds.. the sign reads 1 mbtc for a happy meal, 0.5 mbtc for a coke. "that'll be one fifty".

It depends. I would argue that even if people hoard 90% of their bitcoin holding until a large enough percentage of the world adopts it to increase the velocity and stabilize the price, if bitcoin enables countries without banking infrastructure to compete globally; it would actually increase economic growth. In other words; Bitcoin the enabler.

I may hold more BTC than I spend, but you bet your ass if bitcoin enables a farmer in Africa to sell me cheaper goods than I can find at home, I will spend bitcoin to import it.

Um... because it's BITCOIN talk? And where are you planning on putting the client if not on a domain? How do you intend to market your currency and separate yourself from Bitcoin... if not with a domain of your own?

Using bitcointalk is fine for now, but if any altcoin really is serious about success, I think it has to break free and create a space of it's own. Otherwise it would be like Apple trying to market their products on Microsoft's forum.

I have to say.. I thought you were serious about creating a real contender to Bitcoin, but seeing you write things like this makes me lose confidence and see you as an amateur instead of a professional.. in other words; not a "business" I want to invest any more in.

I've been pondering this for a long time but just can't come up with something better.
The only problem I see with Nxt is that almost all domain names are already taken. nxt.pe is available for $50 per year.

Can't you just send it back to them? That is, if they sent 2 btc - give 1 back.

1. Tell 10 people you know about bitcoin
2. Provide each of those people with 0.1 BTC for free (spread the wealth)
3. Ask them to tell a friend about bitcoin and that they should give that friend 10% of that 0.1 that they just received.
4. Infinite Loop
4. ??
5. NEXT STOP SATURN. ONWARDS TO ALPHA CENTAURI.

User: u62rrb9l4on

Thanks.