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101  Other / Beginners & Help / Re: Where to invest bitcoins on: November 04, 2013, 10:44:01 PM
Definitely invest carefully.

Honestly, with 0.3 BTC, I would probably just hold them and not invest them in any Bitcoin denominated stocks.
102  Other / Beginners & Help / Re: Which country might switch to BTC? on: November 04, 2013, 04:36:32 AM
One of the potential causes for an explosion in the price of BTC would be if a country decided they wanted use it as the national currency. What countries do you think are potential candidates?

There are currently more than sixty countries who do not have their own currency listed on wikipedia https://en.wikipedia.org/wiki/Dollarization These are governments who don't think it's worth the hassle of printing and managing currency just to have a few extra economic controls.

Some countries, like Somalia, could obviously benefit, but lack the internet infrastructure. There's been a lot of talk about Argentina for example, but I know next to nothing about them. What if a private army like the infamous Kony started using it? Again, infrastructure is an issue. Maybe a rich region could declare independence from a poorer capital, and switch to BTC?

Any ideas?



This is dumb. Cryptocoins are for individuals, not "countries".

That's a rather ignorant assertion.  Cryptocoins could very easily be integrated into a nation's formal currency.  This wouldn't undermine altcoins in the slightest.
103  Other / Beginners & Help / Re: Which country might switch to BTC? on: November 04, 2013, 04:24:35 AM
I personally do not think any country will switch their formal denomination to Bitcoin.  Perhaps an alternate coin, but not Bitcoin.  Bitcoin is becoming entrenched with the exact notions nation-states inherently avoid (anonymity, decentralization, to name a few). 

This is just my personal opinion though.  I recognize that in the last few years we've heard rumblings of failed nation-states adopting Bitcoins as their national currency but nothing ever came to fruition (probably for the best).

104  Other / Beginners & Help / Re: How long until BTC hits $300 on: November 04, 2013, 03:51:43 AM
I think we're about half a year - a year away from hitting $300 with stability.
105  Other / Beginners & Help / Re: What's your Mhash/s? (Pissing contest here) on: November 04, 2013, 02:59:54 AM
I'm currently hashing at about 500GH/s.  Smiley  Invested in hardware a long time ago and lurked here for a long time until I felt compelled to actually join this community. 
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