The capital appreciation percentage of bitcoin in terms of potential is 200 times more than gold, and I think the most riskiest investments also come with the huge benefit of high returns, safe and secure investments are boring, they are easy. I'd rather risk a bitcoin to make 4 out of it rather than invest the same time and energy on an investment with half the investment and even less returns.

Investments with high returns are often risky, with prices continuing as they are, I think Gold won't be able to provide as much returns as it potentially could, considering at market situations. Even preference shares aren't worth the struggle anymore, the only thing which is globally making more money is the field of real estate, the growth has been great from last 5 years

I have a couple bitcoins right now, plan to expand investment in it shortly. A regular user of btclend too, so I lend btc sometimes and take too. You know who are the most pathetic bitcoin users? Those who receive bitcoins by stating false promises and goals and use them for gambling, then they default and fucking run away cheating on creditors. That is the worst thing to do, but also if you are a creditor and you do not have the common sense to not lend big amounts to newbies, then you kinda deserve it.

So in simple and quick words, Bitcoin XT has a feature which tracks IP address of the user and although it states that is used for blacklisting purposes, it does go against the very fundamental of bitcoin. Why is the Bitcoin XT project not being discarded by the bitcoin users then? What is making them disregard their privacy and fuel hearn's shitty attitude? WHY

its funny how people believe that there might even be a Satoshi out there, maybe it is a group of people who were dedicated to create a better technology, their goals could vary but their motivation was similar. And even if Satoshi exists, it is uncertain for him to come out now. He could be questioned about what his intentions are, if he wants to destroy banks and rule the drug world and make drug trafficking easy and all that shit. Nah, not worth it.

Akon has promoted bitcoin in Africa and believes in it. Ashton Kutcher too questions if the world can have decentralized security and promotes bitcoin, even invested his money in Bitpay. Rapper Nas is an investor in Coinbase, a website which every bitcoin noob has visited atleast once. Lilly Aleen who was asked to perform live for hundreds and thousands of bitcoins, she refused and said 'as if' before, regrets now Even Snoop Dogg once tweeted that his album would be “available in bitcoin" and "delivered in a drone". He was ofcourse kidding.

I provided information about famous people speaking a few words about bitcoin, otherwise who really gives a shit about my opinion either way?

Even I own a Bit-x card which I received after participating in their signature campaign, they do not have that offer going on anymore, otherwise any member who joined their bit x campaign received a free card. I ordered another card for a family member and the charges seem to be pretty feasible. Do you use your bit x card as much as a bank debit/credit card?

I think that the US debt is denominated in $ itself, right? I mean in a situation where US is forced to pay its debt, it will pay that back in dollars and the value of that debt will vary as per as the value of dollar. That is a huge advantage as they can print more dollars to pay off the debt. Countries like Greece who's debt is calculated in Euros do not share similar advantage, because they don't have control over value of the currency used to denominate their debt. America is on a win-win situation, eh?

yes, it could benefit India vastly, because there are so many trades taking place in the infromal sector, where there is no government moderating transactions. Street markets and other products which are not taxed or governed by a designated authority could benefit largely, unfortunately literacy is a major problem which needs to be overcome in order to achieve such a trance of economy.


BURNNNNNN  

I don't really think bitcoin and paypal can be compared. They might perform similar actions but their features are varied. Bitcoin transaction fees could be as much as 10-20 satoshi as compared to paypal, which could be averaged to 0.29$. On paypal's website, they also go further and state that the standard rate for receiving payments for goods and services is 3.4% + $0.45 NZD. Bitcoin > Paypal

all his conclusions sound like a noob's wet dreams, yes they are achievable but statistically speaking, its highly unlikely for such events to take place because it takes time for people to adopt something new, change is not easy always. Bitcoin's future can expand tremendously when more bitcoin related applications are created, goods and services are accepted by companies and there are more chances for faster growth when special bitcoin exclusive companies are launch which accept bitcoin as a mode of payment too.

I think that it is easy to determine the credibility of borrowers, just simplify it with factors like how much popular they are, if they are popular in the community it is obviously because they have always returned their money on time along with interest. Such people with trust points are a better investment, I keep investing and also borrow. It has helped me tremendously and it actually is beneficial, don't be too pessimistic about it. Its a little risky, but there are thousands of people using such services everyday, they profit. You can too, sir

worst case scenario: never

A gambling problem is only when you losing. Personally, I believe that gambling has made me wise and brought more discipline in my life because I did it right, I never slipped once, never got angry and played with money I couldn't afford to. I have lost, I have lost big and I will be honest to admit that, infact somebody who never admits this is either a liar or has never played poker. Life is a gamble

yes, in fact a lot of times I wonder that bitcoin too in itself is an altered and improvised version of a share investment, we see volatility in price of shares similarly to bitcoin, profits and losses are addressed exactly the same way and even taxed similarly. However, bitcoin along with the block chain technology is an offering of a complete economic evolution idea, the big picture. Oh, the dreams.

yes, you are right, I remember India's finance minister talking about how only 2-3% people pay tax, around 36 million people, and that is pretty much understandable why conditions are still not so good at rural places in India, because India is a big, big, big country when it comes to people, not land   A population of 1.25 billion people, that's like 1/6th population of the world is living in India :/

So if OPEC dominance stops functioning and petrodollar is worthless, no petrol is being bought with dollar, would that destroy the dollar or atleast hurt it real bad? How would that affect the market, because I always thought that the only reason US is powerful is because dollar is used in petroleum trades. If the dollar loses its value, wouldn't US too be forced to pay back their debts?

If the price is at 50$, I don't think it would have much chances to appreciate either, because people who invested 1200$ buying bitcoin looking at the depreciation of their investments would never advise others, people would be way too demotivated and it would be something very short term, its just hard to imagine people having that trust in bitcoin when its price declined so much, breaking so many hearts and keyboards :/

So basically this means that Iran competed with Russia to sell oil to China. What's the point competing anyway because Iran's money goes to the Russian reserves in return of missiles I was wondering how China got that extra cash to invest in the oil from Iran, figured out its from trade surplus with the US itself World trade, nice concept.

Poverty in India has been addressed to decrease at a pace, and I don't think that majority of them are poor, that is such an immature thing to say man. I think 30-35% population might be poor. And I am defining poor as a person who has a very cheap house, no savings and probably no job and resources. There are millions of RICH FILTHY RICH Indians living in India and other places, trust me, India is not as poor as foreigners assume it to be. Attached a graph proving how it has reduced its position in the chart from other countries.