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1  Bitcoin / Bitcoin Discussion / Bitcoin Heading to ONE MILLION DOLLARS on: March 13, 2017, 10:52:10 PM
Bitcoin is about to become Satoshi’s million dollar baby.

When the enigmatic Satoshi Nakamoto gave birth to Bitcoin on the third of January, 2009, he had no idea of the cataclysmic, sweeping repercussions of his unique solution to the double-spend problem. Although he was neither a superhero programmer nor a superstar mathematician, he conjured up an idea that would change the world forever.

The notion of million-dollar Bitcoin may seem damnably unrealistic, but consider that Bitcoin – trading for pennies in 2009 – has soared to almost $1000 USD. From a humble dollar to a cool g-note represents a 100,000% rise. From a thousand dollars to one million dollars is also a 100,000% rise. Bitcoin’s track record for spectacular appreciation is indisputable.

The rise of Bitcoin has been anything but steady and reliable, with the price leaping and tumbling on the whim of an unfavorable news report, a hacked exchange, an abominable theft, or some ugly news out of China. Nonetheless, the trend has been inexorably upwards, and we have no reason to believe this trend will change. Here’s why …

The supply of Bitcoin must eventually decrease. Once all twenty-one million coins have been mined, the inevitability of lost private keys will assure that the supply steadily decreases over time. The number twenty-one million is as mythical as it is magical; twenty-one million spendable Bitcoins will never exist. Period.

Pity the fool who tossed away his hard drive with seven million dollars worth of Bitcoins on it. Those coins are gone forever, recoverable only by God. This type of tragedy occurs daily, though usually with a less epic loss. People forget their passwords, misplace their private keys, or fail to back up a hard drive before it crashes. The Bitcoin supply must go down, not up, once all twenty-one million coins have been mined.

And the demand will go UP. Always up. As people discover new uses for the cryptocurrency – and as folks in the developing world come to realize its superiority to national currencies – adoption must increase over time. The so-called ‘mass adoption’ that early adopters predicted failed to materialize because, in the western world, Bitcoin is still a solution without a problem. It’s great for buying drugs on the deep web, but Paypal or credit card works fine for most online purchases. While Bitcoin is actually easier and safer to use than Paypal or credit card, the marginal benefits of cryptocurrency have not proven palpable enough to trigger the mass adoption that geeks expected back in 2013. Another impediment to mass adoption is stupidity. You don’t have to be smart to use Bitcoin, but there is still a prevailing attitude that only ‘nerds’ can figure it out. While that simply isn’t true, the slow pace of mainstream adoption surely has something to do with the average person’s lack of confidence in his or her ability to understand cryptocurrency. Once people realize that using Bitcoin is no more complicated than using Paypal or credit card, the pace of mainstream adoption will quicken.

In the developing world, all bets are off. Credit cards are rare, and Paypal has blocked many accounts in India and Africa. Worse, huge numbers of people across th globe remain ‘unbanked’ because they lack access to safe, reliable banking services. Third-world banking is like the Hotel California; the money goes in, but it never comes out, which goes to show that the best way to rob a bank is to own one. The main impediment to immediate Bitcoin mass-adoption in the developing nations is lack of Internet access. As third-world Internet infrastructure improves, billions of folks in the developing world will flock to Bitcoin.

So it is inevitable that we will see usage increase over time, with mass adoption occurring first in the developing world, where Bitcoin is most needed, and more slowly – but inexorably – in the western nations, where Bitcoin is already being used as a value-store alternative to gold.

Many Bitcoins have already been removed from circulation, not just from loss of private keys but also from hoarding. As Bitcoin becomes more stable and legitimized, investors looking for a safe haven asset are increasingly turning to Bitcoin instead of gold, which is partly responsible for the price collapse of the yellow metal. Bitcoin is preferable to gold for a number of reasons, not least of which because it has gone up 100,000%! Gold has no hope of any comparable meteoric price increase; as the price of gold rises, gold supply rises with it, because of the incentive for miners to unearth more gold. As the price of Bitcoin rises, demand increases, but supply remains utterly unaffected by the bull market; nobody, not even Satoshi Nakamoto himself, can tinker with the supply of Bitoin. Furthermore, Bitcoin offers fungibility and utility, whereas gold languishes in a bank vault. Long-term Bitcoin investors (hoarders) drive the price up by stripping Bitcoins from the marketplace. As national currencies grow weaker and weaker, we can expect Bitcoin hoarding to increase, further boosting the price by reducing supply.

It doesn’t take a genius or a disciple of Adam Smith to realize that as demand goes up, and supply remains constant or declines, the only possible price movement is towards the moon.

The eight-hundred pound elephant in the room is the altcoin. Any altcoin. What happens if an altcoin, such as Monero or Zcash or Ethereum, replaces Bitcoin? This is never, ever going to happen. Bitcoin benefits from what economists call the ‘network effect,’ meaning that its value derives from the number of people using it. The infrastructure built around Bitcoin is already gargantuan, with hundreds of thousands of websites accepting BTC and Silicon Valley investors pouring money into Bitcoin startups. No other altcoin comes close, even though many of these coins actually work BETTER than Bitcoin. Many social networking sites also work better than Facebook (which, in my opinion, SUCKS), but Facebook has no rivals. Why? Network effect! Would you hop onto another social network if only a few thousand people in the world were using it? No. Hell no.

Bitcoin benefits from a monstrous network effect, but its primacy derives from more than that. Bitcoin, like gold, has value because people want it. If the people who wanted Bitcoin suddenly decided they wanted some other altcoin, like Zcash, the value of Bitcoin would surely plummet – but the value of all cryptocurrencies would similarly plummet. Investor confidence in the entire cryptocurrency market would melt overnight if the majority of people simply flocked to ‘the next big thing.’

So where is Bitcoin heading? Short-term price gains are anyone’s guess, but the long-term trend is UP, UP, UP. I have heard people throwing around the number one million for a future price of Bitcoin – Satoshi’s million dollar baby.

John Law bragged to a friend that he had discovered the secret of the philosopher’s stone: ‘it is to make gold out of paper.’ Satoshi Nakamoto discovered the modern secret of the philosopher’s stone; to make gold out of bits.

https://darknetmarkets.com/inevitability-million-dollar-bitcoin/
2  Economy / Services / Looking for an EXPERT PHP Developer for blockchain projects on: March 06, 2017, 02:59:33 AM
I am looking for someone with extensive experience with PHP and the blockchain for projects relating to Bitcoin and Ethereum

Could be a fulltime job if you do good work. Email me at dr.michael.moriarty@yandex.com
3  Economy / Service Announcements / Bitcoin Escorts Listing - Browse/Add Listings for Bitcoin Escorts! on: March 05, 2017, 12:05:36 AM
Bitcoin escorts!  Escort services accepting Bitcoin and independent escorts for Bitcoin ..

Totally free site, browse listings or add your escort service listing

Visit https://BitcoinEscorts.net
4  Alternate cryptocurrencies / Marketplace (Altcoins) / Altcoin creation service on: March 04, 2017, 12:30:34 AM
I'm looking for an altcoin creation service which can do full service altcoin creation based on the MONERO codebase.

anyone?
5  Economy / Services / Follow Me on Medium.com for 0.001 BTC on: February 21, 2017, 03:43:35 AM
Follow me on MEDIUM.COM and you will be paid 0.001 BTC

REQUIREMENTS:

* NO NEWBIES
* Your Medium account must be real (not spammy)
* You must have 20+ followers of your own
* Only ONE Medium account follow per Bitcointalk username please

I will check and verify you fulfill these requirements before paying ..

FOLLOW ME: https://medium.com/@moriartybitcoin
6  Economy / Services / Follow Me on Twitter for 0.001 BTC on: February 18, 2017, 04:26:08 AM
Follow me on TWITTER and you will be paid 0.001 BTC

REQUIREMENTS:

* NO NEWBIES
* Your twitter must be real (not spammy)
* You must have 100+ followers of your own
* Only ONE Twitter account follow per Bitcointalk username please

I will check and verify you fulfill these requirements before paying ..

FOLLOW ME: https://twitter.com/moriartybitcoin
7  Economy / Services / Hiring: Bitcointalk Campaign Manager on: February 17, 2017, 10:28:53 PM
I am going to be running dozens of bitcointalk campaigns (sig campaigns, social media posting campaigns etc) and need to hire someone to manage the campaigns for me.

Requirements:
- Hero or Lengendary with large amount of green trust
- Some experience managing campaigns or ability to learn it

* the campaigns will be run and managed entirely under my own Lenny_ account, which I will give you access to *

The management work is dealing with people on here, reviewing the work people post, ensuring the participants adhere to the rules, and sending me the bitcoin address list each day of who to pay.

It will take about 1-2 hours per day to manage my campaigns and that's 7 days per week. I am paying $250/week for this position and payable in Bitcoin or Paypal or other Crypto

PM me
8  Economy / Scam Accusations / ceudo.com SCAM on: February 15, 2017, 12:17:44 AM
the admin of ceudo.com emailed me asking to buy ad space on one of my sites, so I checked out Ceudo.com and sent .02 btc to see if it would 'double' my bitcoins in 1 hour

yeah right .. total scam
9  Economy / Services / Earn 0.001 BTC for Each Social Media Post You Make (Twitter, FB, etc) on: February 15, 2017, 12:14:14 AM

Earn 0.001 BTC for each social media post you make.  Here are the requirements:

Post this ad for TorWallet on your PERSONAL Twitter, Facebook, LinkedIN, Google+, Instagram or Pinterest account:

'https://TorWallet.com is the #1 Bitcoin wallet. Fast, secure, private with built-in Bitcoin mixer!"

1. NO NEWBIES.  Jr. Members only and higher
2. Your social media account must have more than 100 followers or friends
3. This must be your own personal social media account, no fakes or spammy accounts allowed. I WILL CHECK!
4. Social media accounts allowed: Google+, Twitter, Facebook, Pinterest, Instagram
5. 1 Post per user per social media account only please

To get paid, you need to post a link to the social media post you made, and include your Bitcoin address. I will check your account to make sure it looks legit.

I reserve the right to NOT PAY if I believe your social media account is fake/inactive/worthless.  For example, if I see your Facebook account has basically zero activity except spammy posts then I will not pay.  Ditto for Twitter, Google+ etc.

I WILL REVIEW YOUR SOCIAL MEDIA ACCOUNT AND VERIFY EACH POST SO PLEASE DONT WASTE YOUR TIME TRYING TO SCAM ME.

10  Economy / Services / Earn 0.001 BTC for posting classifieds ads on: February 15, 2017, 12:04:40 AM
Requirements:

1. NO NEWBIEs.  Jr. Member and up

2. Must be a real ad for real stuff, no fake ads

3. USA Only

4. 5 ads per person maximum

5. Must be local ads for real stuff or services, not online/digital goods

Visit https://BitcoinClassifieds.com and post an ad for something you want to sell for Bitcoin.  Then post the link here to the ad and your bitcoin address and you will be paid 0.001 btc per ad
11  Economy / Services / Post Local Bitcoin Business Listings - Paying 0.001 BTC Per Listing! on: February 09, 2017, 12:25:38 AM
Hi Folks,

I am paying 0.001 BTC per local business listing that you post on https://BitListing.com

REQUIREMENTS:
1. You may *ONLY* post listings in your local city. 
2. You *MUST* be a Full Member or higher.
3. These listings are ONLY for real world bitcoin businesses.  Do NOT post websites or online Bitcoin sites.
4. You MUST include title, description, address, image, and any other required info about the business.
5. You *MUST* reply here to confirm which city you will be posting in.  I don't want 20 people posting listings from the same city, obviously.  Only one poster per city.  Do NOT post any listings until I confirmed that you are registered to post for that city.

To get started, post your Bitcoin address and which city you desire to post listings for.  You can find Bitcoin businesses in your home city by use google, coinmap.org, and other bitcoin directories.  This will be first come, first serve.

NOTE: You will NOT be paid for any non-local or online Bitcoin business listings.  Those will be deleted.

Listings should be posted to https://BitListing.com

Reply here to get confirmed as the one-and-only poster for your local city.




12  Economy / Service Announcements / SELLBITCOIN.COM - Sell Bitcoin Quickly, Easily & Securely on: February 08, 2017, 09:21:07 PM
Announcing the new service https://SellBitcoin.com

Sell your Bitcoins quickly, easily and securely for the LOWEST FEES using SellBitcoin.com

SellBitcoin.com converts Bitcoin to Paypal almost instantenously with no signup required, no ID docs, no age or country restrictions and no volume limits!


Try it now!
13  Economy / Games and rounds / Earn 0.001 BTC for creating a social media profile on: February 07, 2017, 12:16:27 AM
Hi folks,

We have created https://SOCRYPTO.COM for Bitcoiners and cryptocurrency users to get together online in a fun social networking environment. The site is entirely FREE to use and it is mostly ad free as well.

I am currently paying 0.001 BTC for anyone who signs up at the site, makes a good profile with image and About Me page.

all you have to do is link to your profile in this thread and include a bitcoin address
14  Economy / Service Announcements / Announcing SOCRYPTO.COM - the Bitcoin and Cryptocurrency Social Network on: February 06, 2017, 11:40:05 PM
Hi folks,

We have created https://SOCRYPTO.COM for Bitcoiners and cryptocurrency users to get together online in a fun social networking environment. The site is entirely FREE to use and it is mostly ad free as well.

I am currently paying 0.001 BTC for anyone who signs up at the site, makes a good profile with image and About Me page. 

all you have to do is link to your profile in this thread and include  a bitcoin address
15  Alternate cryptocurrencies / Altcoin Discussion / Torcoin on: February 03, 2017, 11:57:31 PM
i would like to get in touch with the developers of Torcoin and possibly take over the project
16  Alternate cryptocurrencies / Marketplace (Altcoins) / TORCOIN on: February 03, 2017, 11:23:58 PM
hey, anyone know where I can buy TORCOIN ??
17  Economy / Services / Woocommerce Bitcoin Payments Plugin on: February 03, 2017, 11:09:18 PM
Hi folks,

Just a quick note to announce that https://FogPay.com now offers a Bitcoin payments plugin for WOOCOMMERCE merchants. The plugin works seamlessly with the FogPay API.

Sign up a free account at https://FogPay.com to get the plugin.

FogPay is an anonymous bitcoin payment processor similar to BitPay but without the rules and verification requirements or volume limits!
18  Economy / Scam Accusations / Gandi.net Bitcoin Registrar SCAM on: February 03, 2017, 08:18:47 PM
Gandi.net hijacks domain names!

They told me I need to provide copy of passport, id, residential lease, phone bill and all kinds of other bullshit after suspending my domains for no reason!

Actually they just wanted to STEAL my domain names.

Avoid this registrar at all costs!

Gandi.net is a SCAM. 
19  Economy / Gambling / DonutBit - Bitcoin Minesweeper game on: January 31, 2017, 08:33:51 PM
Hi folks make sure to check out the unique MoneyPot app https://DonutBit.com

high-paying Bitcoin minesweeper game, fast fun and easy to play, big payouts and SAFE .. it's MoneyPot based!
20  Economy / Digital goods / BUYING bitcoin sites NOW! on: January 31, 2017, 08:31:54 PM
hi folks I am BUYING bitcoin websites NOW !!

Especially gambling sites, mixers, adult sites, faucets, etc ..

hit me up by PM and tell me about your site you want to sell
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