When you put a $ into the bank, at best they keep 10% on property. The rest they gamble on Bitcoin or other commodities
Yeah or they do what they did to me last month. Hold 50% of your fucking check deposit for 5 business days, under the bullshit guise that they're "making sure the check clears", when in fact they're taking my money and investing it for a profit, without my fucking permission, while simultaneously inconveniencing me by not letting me have access to my own fucking money. It was a check from the United States Treasury. Pretty sure they knew it would clear. They used to (understandably) do this with checks over $10,000. Or with brand new accounts. This was a $400 check on an account that is 8 years old. As with most things, over time, they take liberties they shouldn't take, and the sheeple masses don't realize they're modifying things. Ever notice how Christmas trees used to be really wide? I haven't shopped for a Christmas tree in 10 years. When I finally did, I saw how they'd shrunk 50% in width, yet cost just as much, or more. If you rape the public as slowly as possible, they're like frogs in a slowly boiling pot. They dont even notice. Knock off an inch or two in circumference every year, and in 10 years the trees look like a narrow pillar instead of a tree, and people happily buy it. Do it too quickly and people bitch and complain. -B-
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Was having a discussion with a family member who happens to be a Councilman in Australia at the moment. Working his way up through the government at a very young age, and I believe he will be very successful.
He raised an issue that I didn't have a very good response for. Can any of you give me some in-depth thoughts on this statement he made?
"I don't see how it will avoid the currency crisis issues faced by the Gold Standard era when the US dollar was pegged to the amount of gold mined.
Bitcoin is a very similar model, and would likely lead to a supply crisis, like Gold did"
Thanks all.
-B-
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There's no way it's five digits unless there's a decimal in between there somewhere. I'll predict we don't break $1,000 this year, any takers?
I am super bullish on Bitcoin long term, but I agree that $1,000 is feeling a lot more iffy than it was in January. -B-
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Most Bitcoin newbie ask this question: Why is BITCOIN more expensive than other cryptocurrency?
Bitcoin was the first in the market, that's why you are starting to see a lot of fortune 500 companies starting to support Bitcoin. Sure, once in a while, they'll throw money around on the table to support other cryptocurrency coins.
1) Your username is an advertisement to your website. 2) You create tons, and tons, and tons of new threads with silly questions or news articles everyone has already read, most likely so people see your business. 3) You try to draw further attention to your threads by selecting a unique icon like a "thumbsup" so it stands out from the other threads. 3) Naturally you also have a signature advertising your business. You are here to get business. -B-
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I guess I shouldn't be too surprised. People really don't like change so anything new does not seem important to them. But I often feel like I telling so many people around me about Bitcoin and how they really should buy just a little or at least read about it and look into and and almost everyone ignores me. Here is one example: Just this week I posted a comment on this article about the growing perils of a cashless society and my comment about how Bitcoin could solve some of these problems is now the "worst" comment with no thumbs up and all thumbs down! Really!? I don't know why that bothers me so much. Sigh. Oh well. I guess I have to be thankful that I will be "up the hill" when the tsunami does hit. Here is the article BTW: http://money.msn.com/personal-finance/the-growing-perils-of-a-cashless-societyWhy view it as a Tsunami that you have to be out of harms way from? How about more of a "Missing the Boat" analogy? Theyre missing the boat to potential riches, and they'll be kicking themselves in 5 years when they look back and see Bitcoin sat at $440 for several months. That's how I view those who ignore me right now. I don't think some horrible armageddon is going to come that I will be saved from. Reality doesn't happen that way. Just like Obama never was really going to "Destroy America", the "Crash of the US Dollar" probably wont happen. At least not as suddenly and dramatically as people predict. Doomsday prophesies are always wrong.
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Darkwallet - Taunting the gov regulators.. hmmm is it really a good idea
No. It shows immaturity and poor judgment on the part of those who created it. Along with other comments they've made implying that they're absolutely fine with another 911 happening because of their creation. Idiots. -B-
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You could become a millionaire much quicker by doing technical analysis. Utter nonsense. I still think it is a better strategy then buying and holding *Cough* - choke - what? No. -B-
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Peter Schiff doesn't change his stance on bitcoin...by taking bitcoin
I've learned in the last 6 months that Schiff talks out of both sides of his mouth. If he truly was skeptical of Bitcoin still, he wouldn't acknowledge it at all. He would continue to completely ignore it. But his actions don't match his words. As usual. He's not getting involved because he wants to "make a buck off all the enthusiastic Bitcoiners". He's getting involved because some extremely prominent people have been evangelizing it to him, and he's starting to question his own judgment. Someone on LTB Podcast mentioned that they'd spoken to him at length in private and he's coming around in a big way to Bitcoin. He's just got to stay looking tough to his constituents. -B-
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I'm pissed with myself for not buying in, I'm the archetypal bear. I'm too scared to lose money, when the real problem for me is that I'm losing coin. This is why you should focus on listening to Lets Talk Bitcoin podcast daily, reading google Bitcoin news, and keeping your eye on the industry. That will give you security to buy immediately and hold long term. As Andreas Antonopoulos said recently: "Only an idiot day trades Bitcoin". Not calling anyone here an idiot. But the true gains are 1-5 years from now. I've been buying, buying, buying and buying. Stacking up my stash as big as I can get it. The news in the industry keeps me secure that its a good decision. I don't see anything but exponential growth in the infrastructure, and that means adoption, commerce, value increase. -B-
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Jail broke my iphone with envisi0n then downloaded blockchain.info app to it.
Now I have iphone with blockchain.info app on it.
You can too.
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I swear I've used the site 10 times in my life, and 7 of them the site was dead.
Now I go there and get this:
Error 522 Ray ID: 12ed4b7064fb0327 Connection timed out
You: Browser Working Miami CloudFlare: Working blockchain.info Host: Error
The initial connection between CloudFlare's network and the origin web server timed out. As a result, the web page can not be displayed. What can I do? If you're a visitor of this website:
Please try again in a few minutes. If you're the owner of this website:
Contact your hosting provider letting them know your web server is not completing requests. An Error 522 means that the request was able to connect to your web server, but that the request didn't finish. The most likely cause is that something on your server is hogging resources. Additional troubleshooting information here.
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Why am I asking you folks? I dont know. Maybe if they see this thread they'll feel motivated to actually have 80% uptime. Maybe one day 90% uptime.
They are, after all, supposed to be the most badass organization in Bitcoin right now (my opinion).
I don't think I've seen a site that is down this much since 1997.
Love,
The irritating squeaky wheel
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HODL RIPPLE!!!!!!!!!!!!!
kidding. But im about to lose my investment now.
Yesterday you could buy 1 million ripple for $6,000 USD.
Now you can buy 1 million ripple for $2,000 USD.
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The fuck does Brock Pierce even do? Does he even lift?
LOL!!
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The idea that people would go around plonking bitcoin ATM machines around the world and the governments would just let them do so was at best naive, at worst entirely stupid.
There were even headlines flying around like "Cyprus gets world's first bitcoin ATM machine". What a load of tripe.
Anyone up for some Tripe? -B-
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Also, we still haven't found the reason for this rise, no news, no FUD, no anything.
Why isn't it possible that the infrastructure growth and adoption levels are finally carrying the price upwards? Not everything is as a day trader sees it (short term fud/alerts, short term price spikes/drops). Smart people are holding long term and have been waiting for this. Maybe there is no specific reason. Except increased worldwide awareness/investing/adoption/commerce. -B-
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Until Websters has it, it doesnt exist lol.
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Don't micromanage the Bitcoin price or you'll go insane.
Everyone's been waiting for the 2014 spike. Might happen now. Might not happen till December.
Millions of reasons for the price to go up now. Good news all over the world as far as adoption.
-B-
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Disclaimer: I have no affiliation with this company. Just heard them on Lets Talk Bitcoin podcast and thought it was a sick idea. (sick is a word the kids use for something "good"). http://www.ybitcoin.comSo the deal is this - they print the publication free of charge, but its super glossy, high quality and over 30 pages long. But the content never changes. They just mix up the cover artwork, and inside display/arrangement each time they print. The content always stays the same, and its intentionally geared towards "whetting" the appetites of small business owners. To get them to adopt Bitcoin and start accepting it at their place of business. I loved the idea so much that I contacted them. They sent me several hundred copies, with the agreement that they would be distributed with genuine effort to local businesses. Don't just throw these things around town like flyers. They're expensive to make. But the content absolutely kicks ass. We actually went out today in Miami and started going business to business asking to speak to the managers / owners. I brought a cute colombian girl who im sure helped the openness quite a bit. We intentionally hit small businesses. Privately owned restaurants. Boutiques. etc. Avoided the large chains because they can't really make decisions like these. The response was amazing. Business owners were begging to know what it was all about. Most had not heard of Bitcoin yet. I thought to put a sticky note on the outside of each one that says: * No Merchant Fees * No Chargebacks And that pretty much got them super interested. Some were worried we were selling them something, but we quickly clarified that no business is involved. I just wanted to share this resource with everyone out there. If you have a Bitcoin meetup group in your city, and think you guys could canvass your town and get conversations going with business owners, these magazines will do the "selling" for you. The articles are perfectly worded and motivating. I actually purchased a ton of "Bitcoin Accepted Here" stickers that we're going to slip into the magazines to encourage adoption. And even slipped in a quick note on paper with contact information if they got overwhelmed and needed some help getting set up with BitPay, Coinbase, or whomever. Here's the current issue: http://issuu.com/ybitcoin/docs/ybitcoinespring2014?e=10006647/7220153Disregard the NEO cover. It went to print before the blowup. Has since been changed. -B-
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I try to remind myself that 3,600 bitcoins are being bought *every day* by somebody.
That means $1,600,000 in Bitcoin is being bought by *somebody* daily.
That's a lot of buyers and a lot of money going in.
When demand outstrips supply, then price rises. Until then, a stable price still means a lot of buyers.
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