I would LOVE to know Satoshi's current life. He created Bitcoin, yet he has kept his identity hidden. I would love to know how he manages his current day to day life to keep it hidden. What's his life style, how does he use the Bitcoins he has.
You could as well wish to learn about Santa Clause's life. Until proven otherwise, Satoshi Nakamoto has never existed. Just like Lagoons (your own pseudonym) does not really exist. We only have a pseudonym and we reify it as if it were real. |
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This thread is almost entirely filled with posts made by Newbies of Jr Members, which normally would violate the laws of probability, and which is therefore suggesting that the team itself may be here simulating a discussion which does not exist.
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These numbers are truly impressive, but also other exchanges have had incredible numbers. It seems that user adoption of the whole cryptoworld has suddenly skyrocket in an unprecedented way. I wonder how it will continue. Did it already start to be a mania or has it still to start?
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It's exactly this attitude to consider Bitcoin a get-rich-quick scheme which is twisting the original idea of Satoshi totally. Nobody anymore wants to acquire Bitcoins to use them, everybody wants them just because they might become rich by having them. It's slightly perverse IMHO.
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This KYC procedure marks probably the beginning of the end of anonymity in cryptocurrencies. It may seem a little thing how, but you will be surprised how much it can grow, at the government's orders.
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Goldman Sachs: Bitcoin can be useful for a troubled economyAccording to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy. Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided. Goldman Sachs experts: crypto-currencies can help the troubled economy
I think that Bitcoin and more generally cryptocurrencies could actually help trouble economies, but the fact that Goldman Sachs is stating the same is slightly troubling me. Since when is Goldman Sachs interested in helping troubled economies? |
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You are having a deep insight on the absurdities which have engulfes this very good idea - Bitcoin & the blockchain - transforming it into a giant Luna Park which is little more that a hybrid between a casino and a musical chair game. All ideal visions of decentralization and democratization of the process of generating money are now engulfed by this new gold run where everybody has just the same sentence in mind: "I WANT THE MONEY! I WANT THE MONEY!"
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We want people to use it... not hoarding it all hoping it pumps to the moon so they can dump and walk away from it's corpse with a fistful of dollars.
Yes, this is the current Zeitgeist in cryptos nowadays. Nobody is interested in any coins except for the rise in price which would allow them to dump on some bagholder. Because it must be clear that people who want to sell high they'd be just happy to screw people who would buy the peak before the price tanking again. So all what "investors" want is just to be able to walk away with more money they had when they walked in, and whatever happens to the coin and to whom will hold it after them is totally irrelevant to them. This being said, in the place of the dev I'd take the community of Byteball holders, no matter how detached from the spirit of the coin they might be, in some consideration nevertheless. So we need spenders here (and at all cryptos with more then getting rich intense), and maybe a good concept to support this user behavior. And support accepting this for payments. Would there be a way to get some "airdrop" if you spend or accept BB? But to unfold a story this way you just throw all the privacy away. Maybe there are some good ideas around? It is not a problem that you can solve overnight, especially in a realm (cryptos) which has been turned into a giant casino where speculation reigns supreme - instead of proper user adoption. Nevertheless, pursuing the way of a larger user adoption is the only reasonable way to go, no matter how. |
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It surely would be nice to find that graph. Ans surely I'd say that the biggest POSITIVE impact on Bitcoin's price would happen if pension funds would invest in Bitcoins. However, we could think also at Black Swans even - like for instance Satoshi Nakamoto suddenly putting on sale his 1 Million Bitcoins. This also would have one of the biggest impact on Bitcoin's price...
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Not really, nor I have ever thought we could so fast. Consolidation might need a lot of time. I am afraid that we still have to experience lower lows in the process. Pain ahead, probably.
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Venezuela has already made an ICO of its national cryptocurrency, Petro, backed by oil, and if I remember well it has raised 735 Million $, and it's now planning another currency backed by gold. And the news has just come in that now also Iran plans to make a national cryptocurrency.
Sooner or later, also governments of the rest of the world will follow.
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Everything in life is dangerous. You can lose your money in banks because the bank goes bankrupt. You can lose your money at home because thieves may break in ans steal everything. You may lose your money in the form of real estate if the market collapses, is an earthquacke strikes, if it gets taxed or nationalized. You can buy bars of gold from a respectable bank which then turn out being filled with tungsten (it has happened in Germany). And - yes, you can have Bitcoins and a hacker steals them if you don't pay enough attention.
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This is my strategy too - a balanced mix of Gold and Bitcoins. I have started buying gold over 10 years ago, and Bitcoin unfortunatelly just recently, but these are basically my favorite forms of preserving value for the future.
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It is always only a matter of comparison. In the industrialized world we are ALL already rich compared to people in the past centuries and millennia, we always have to eat - even too much, we can move by magic on planes, we have magic potions called medicines which repair our bodies when they fail, etc. ect.
Of course, we could all be much more rich, it's true, but if we all would, just like we are already rich now and we don't acknoledge that, after perhaps the initial hype we would simply feel everything is normal and we would totally forget and fail to notice that we are actually sooo rich.
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Is Satoshi is dead,If not where is he now and what is he doing right now..Bitcoin price is down sharply. Can he do something?
The only thing Satoshi could do, if he'd exist, is to sell his million Bitcoins so that we all would have the possibility to buy more bitcoins. Well, er.. let me think twice to what I've just wished for... |
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It is funny to read about panic time because of Bitcoin's price falling in... June 2017, when the price was so much lower than now. I guess if the thread has become popular again is because we are now in another period characterized by similar feelings... just the fall might be from a different heigh this time, so terror seems higher in a way.
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Actually I am not particularly impressed by any of the options that you are listing. I remember having read a good book by Vance Packard, The Super Rich, where his reasearch has make it clear that very rich people become so rich just because what they like so much to do happens to be exactly what it needs to become rich. There is no real plan behind. To become rich is just a consequence.
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We should be much more than scared, we should be terrorized. Never in the history of manking little groups of people have achieved the power to know so much about so many people. This Big Data shit can very easily turn into the worst of the nightmares for most of us...
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Early adopers are the ones who are getting real rich by now. However, a new layer of population which got into cryptos at least one year ago is now probably experiencing a rise in their wealth. It would be very nice if this trend would go on - at least for a few years more, you know what i mean  |
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This is disconcerting, even though in a positive way. Alas, I don't think it will really change anything. Time ago they have made a referendum to back money with gold, but they've lost it. But this time - who knows. We'll see...
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