It seems like a lot of people ignore you
So? It means your letter won't reach to many people , since you have the wrong stamps on it  . |
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Still waiting to see Homer paying for a beer with BTC. It shouldn't take long...
Well , Homer doesn't pay too many times for his beer . Also , if I remember the episode when he bought his computer , I wouldn't want him going into BTC in an episode too soon. |
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When I saw who posted this thread, I was expecting to see different pictures.
Me too )). |
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They use this analogy because : 1) The dumb ones are just parrots, and have heard others say it. 2) The slightly smarter ones understand the analogy, but label Bitcoin itself as "worthless". Which is obviously nonsense. They are either uneducated on its purpose, or don't care. 3) Then there's the proper use of the analogy. Tulip mania is supposed to be when something is overpriced as far as its true current value. Used this way, the Tulip analogy could be correct. For example, Bitcoin is still very new. Does it have the infrastructure, the commerce (as a currency), and the level of adoption necessary to value it at $1000 yet? Probably not. --------- Its current *actual* value, based upon its current adoption, current financial benefit to mankind, use as a currency, and infrastructure may justify a much lower trade price. It's still new. Andreas Antanopoulous has commented that Bitcoin could drop to $20 tomorrow, and it wouldn't surprise him one bit. And such a thing shouldn't worry anyone either. Its trading price does not currently reflect its level of adoption. The infrastructure is still very new. But it *is* being built. So the Tulip analogy, applied properly to Bitcoin, would simply say that Bitcoin hasn't brought "$1000 worth of value per coin to humanity just yet". But here's the important caveat: There isn't anything necessarily wrong with a speculative *current* overvaluation if the technology is this ground breaking. People who truly understand this innovation are making bets on its future adoption, usefulness, and benefit to mankind. Yes ---- that is speculation. But "experts" say that speculation itself is somehow inherently a bad sign. This is incorrect thinking. People are buying in to Bitcoin, and are willing to pay a price that they feel justifies its potential. If you want to nitpick, the trade price is actually far undervalued for its potential. The power of this innovation is staggering. 6 Billion possible "customers".... How to get away from the Tulip reference? Get the infrastructure built. Get the startups going. Get the creative thinking going. Get new businesses to begin building on top of the protocol, and provide necessary products and services around the technology (like Gyft, and Robocoin, and Mastercoin). Get the adoption up. Get merchants to start adopting en masse. It has already begun. And this is why Bitcoin will not go to $0.00. It now has tangible value in society.Is it truly worth $1,000 per coin right now? Probably not. Is it worth $25, $50, $250? Maybe. With 12,000 BitPay Merchants. $100k in transactions in the 1st week on the 1st Bitcoin ATM. A $100,000 Tesla car purchase. Trips into Space. Shopify enabling it for thousands more merchants. Subway shops in LA. Police Chief Salary paid in Bitcoin. Towns in Europe with numerous brick and mortar businesses accepting it. People using it instead of Western Union to send money home. The volume of cash that has been pumped into the trading market. The value of the Blockchain itself .... It may take 2-5 years for the infrastructure to justify a $1000 valuation. It may only be 1 year. We could scream right past a justified $1000 price tag in very little time. It all depends how quickly the infrastructure is built, and the commerce starts flowing. -Burger- And we have a 20% increase in number of transactions from January: https://blockchain.info/charts/n-transactions?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=Something fishy going there |
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Don't you feel like there is something wrong with this scenario?
Uhhmm...no. Why? Because the general consensus is that cryptocurrency is the future, whether it is Bitcoin or something else, I've seen countless Bitcoin enthusiasts admit this much.
I want Bitcoin to be a success, I'm just really concerned right now because for all intents and purposes, the price seems like it should be going up. *wide press coverage, exchanges like BTC China and companies like Coinbase saying their membership is skyrocketing, etc* The fact that it isn't budging despite all this is leaving myself, and many others, very concerned. Hence...OP's post.
If Bitcoin which is the representative of all the cryptos fails and ends up called a ponzi scheme , no crypto will ever succeed. It's already hard to get rid of this tag already , but with an actual failure , nobody will be able to do it. |
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I didn't say mine was hacked just wanted to get some more info on whether it was safe.
I wasn't referring to you , but to some guys posting in this thread. |
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What the hell is with this avalanche of users with 2 posts claiming having their gox accounts hacked ?
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can i deposit any altcoins to the same bitcoin wallet address i use?
if not,do i have to have a specific wallet to match each coin?how do i generate these addresses for my altcoins?
tnx
You have to download the client for every alt coin you're going to use. And with all the blockchains , it's not going to be very pleasant to have more than a few of those running on your computer. |
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It's sad to hear about your loss OP  How many coins did you loose in this scam? Just read your other posts, why did you delete your wallet, man The guy is BSing, didn't you read my posts. I've had it confirmed by Etsy, he wasn't scammed. At this moment , we would have to chose between to new accounts. And people have nothing to gain believing you , but lots to lose. So , see the problem? |
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I'm sure buyers would want to know more information like what material it's made of and what is it coated with. Also in which year was it manufactured.
It looks like some paper mask , and at that price , doesn't feel like something that rare and interesting |
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Early adopters are of course happy with the value rising to what it is today, there is no question about that whatsoever. However, other than a select few, most of them didn't really invest a lot of money into Bitcoin, they just bought at a super low price or mined. Things are different now though, as the latest investors who learned about Bitcoin and bought in at $1,000 forked over large amounts of money for their Bitcoins. If it continues to stagnate for too long, they are going to give up. And if the only people to benefit from Bitcoin were the early adopters, Bitcoin is going nowhere, and all this "Ponzi/Pyramid" talk will be justified. So yes, I think the stagnation is a bigger deal than people want to admit, something needs to happen soon.
To answer OP's question, I think Bitcoin's fate rests in the hands of companies like Bitpay or Coinbase, and of new IPO trusts like Winklevoss's and SecondMarket's. 2014 is going to be the big year for them, as they are the ones that have the power to push Bitcoin to it's next plateau. I think 2014 is the "make or break" year for Bitcoin. Because if it fails in 2014, another cryptocurrency is going to replace it before it has time to recover.
So bitcoin fails , it's called a ponzi , and a new crypto , 99% chance of being a clone will take it's place and succeed Don't you feel like there is something wrong with this scenario? |
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There are some real concerns about this stuff , but since the Snowden episode , also lots and lots of paranoia.
So you mean all those documents stolen from the nsa are paranoia and made up things? Not all , but most of them are miss interpreted , let's have some big news , NSA is spying your microwave |
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How about some patience?
Did you read anything I just wrote? Like maybe these lines: I am not complaining that the price isn't going up.
I am stating that I don't understand *how* it will go up.
Would be super if someone could get what im asking, and provide a response to it. JUST LIKE IT DID FROM 10 AND FORM 1 AND FROM 17. Patience! Just how people didn't see any reason for it to ever reach 1000 back then , you're now the blind one . |
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hello,
Just wondering, can you really get free bitcoins? I can understand how that was possible even 6 months ago but who would give away bitcoins today?
cheers
mezzie
Not a whole BTC just a tiny amount. But based on the usd value , the same as 6 months ago . |
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And how do you plan to cook this mixture into a coin?
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If they issue virtual coins, they wouldn't be fungible across borders. So effectively doing nothing but complementing their own physical coins. What benefit is that to the world? The point of bitcoin is that it works worldwide. One world, one currency.
Umm... primecoin and gridcoin both work worldwide. The question was how to destroy bitcoin; the answer is to replace it with something better while at the same time breaking bitcoin. Isn't that the same thing? If you replace it , nobody is using it so you can consider it dead. Not really, I mean, people are still farming lite-coin and feather coin aren't they? What purpose do those two coins serve other than its easier for non-ASIC users to mine; so they can trade them for bitcoin? Similarly, even if something better than bitcoin comes out, people might still mine it in hopes of trading for that new currency. As the question was how to destroy bitcoin, you'll also have to destabilize the network to get people to move on. Having 1000 separate accounts sending money to one other (different amounts) when you fork the network in several different countries would be a good start.Especially if you spend the money in your home country. Can you imagine the confusion and anger the merchants would have when their payment is unconfirmed/never existed since the block chain it happened on happened to be shorter than the longest chain? Well , you lost me there. I'm too tired to try to understand what you're trying to say with that. I'll give it a try with a nice cup of coffee before me in the morning. Sorry about that. I'm tired too, so I'm probably rambling. Referencing my thoughts several posts ago, one of the methods used in destroying bitcoins involved manipulating the internet links between countries. By separating the bitcoin network, you can create a fork in the blockchain. However, each "forked" blockchain has a copy of the historical transactions that occurred before it got forked. So you, as an entity out to destroy bitcoin, have several addresses with a few BTC each in them. You then split the network. During the time of the split, your addresses spend, transfer, do many transactions - etc, with each other and various merchants. However, your addresses do this in more than one "forked" location, and each "forked" location will have different transactions. You let your transactions confirm, then remove the disturbance. Now, you have several different blockchains of various lengths, with many different transactions competing to be the real blockchain. No matter which one wins, transactions on the losing blockchain will not be reflected - hence everyone on the losing blockchain will be upset. Especially if they take a monetary lost. (The reason for having many accounts enacting transactions is to prevent any easy manual repair/syncing - hence all the transactions taken in each "forked" blockchain must be different) As in previous scenarios: If somebody manages to separate this entire network in a few pieces , and I'm not talking about Egypt or Syria here , what happens to bitcoin will be our last concern |
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Hi.
I'm the original poster.
I am not complaining that the price isn't going up.
I am stating that I don't understand *how* it will go up.
I personally feel that human beings on the whole, don't continue buying something that is $2000, $5000, $10000, $100000 per piece.
So im wondering what will facilitate the price to reach these levels.
mBTC theory is one theory. But I am not convinced that will be sufficient. As someone already pointed out - people have a major mental block with buying 0.000X of something.
More importantly, why would mBTC mean an increase in price? People can buy mBTC at $800 per bitcoin too. Right?
I have my doubts that Bitcoin will ever go up from $1,000ish, only because I can't think of what would cause it to.
Bitcoin isn't "Scarce" when its divisible to the "millionths" of a decimal.
So what is stopping Bitcoin price from sitting right here at $1000ish forever, as people just buy mBTC's worth at the $1000 price for a whole bitcoin?
That is what I was trying to ask in my original post.
Something outside of the buying and selling trading market would have to catapault BTC to $10,000 per coin.
But for the life of me I can't think of what that element would be.
Maybe winklevoss trust, etc ... where people can buy whole shares in Bitcoin. Maybe that's the thing which will enable it.
Pretty much none of the responses above addresses my original question. Sorry if i wasn't being clear.
-Burger-
This damn coin won't go over 10$. Yeee we're at 32$ Oh! We're back to 2$! How about some patience? |
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stompix, religion was the inspiration mainly for the medieval, Gothic and early Renaissance artists. For example, Fra Angelico was deeply religious, and through his genius he was able to express it in his paintings. Late Renaissance was different.
Just call it Rcoin , with a big shiny R and get into actual development. You can re-brand it afterwards . |
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Good point .. most of those guys have lived in a fairy-tale manipulated cotton-wool markets. They are gonna be handed heads on plates when they enter a real free market ... bitcoin is some wild-ass shit when it comes to trading that is for sure. Not to mention you never know when the whole exchange is going to disappear from under you ... they think it is easy ... uh-huh, fresh meat I don't think mister .io would have run away with the money of a wall street guy that could afford to have a helicopter crashed on his head in any country in this world.  |
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if i break trust, it will contradict my next plan to launch exchange site (cryptsy, mtgox).
Being revealed my identity, police and lawyers can find me easily. they're nasty
I want it to be like startup investment rather than collateral loan even though it looks like loan.
Apple, google, facebook born this way. right?. i will wait for brave and smart angel investors.
i just got afraid of loosing time and someone will start it before i begin.
Back when SR was online you could get any kind of papers you wanted. Even if those are real , and let's say the police will catch you , there is no way we can get our money back. |
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