"Growing adoption" would be more people buying bitcoin for the purpose of paying for goods and services. As has been pointed out many times, there is no reliable data on that parameter.
https://www.youtube.com/watch?v=o_9XBWgO2LEgrowing adoptions first and foremost means more people having bitcoins |
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point 2-5 are very valid use cases for bitcoin. your arguments are may be reasonable for certain countries - but never on global scale.
Never huh? Like all those who said silver would never fall again below $17. Like all those who said Bitcoin wouldn't fall from $1000 to $350. Yeah I was predicting all those in public, I even publicly predicted the $48 top for silver 1 year before it occurred. Sorry you are just hot air. I have an analysis record which speaks loud and clear. Look we all try to classify bitcoin and it is definetely reasonable to use certain elements of precious metal markets - however the biggest difference with bitcoin is that is intangible, completely divisible and easy to transport. You are analysis regarding bitcoins future development is build on several worst-case-assumptions (world wide quasi dictatorship, fungibility crisis etc. pp) - we all do not know if this will or will not happen in the future, but I assume, given that we have over 200 jurisdictions in the world, it is not likely. however regarding personal insults - I am sorry using the word horrible, it was inappropiate. The better word for your economic analysis is radical. |
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is there a connection between reddit and counterparty? - I think they want to go big on btc and probably want to integrate some advanced stuff.
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Please find a flaw in this: I can send $1B with a fee of 40 cents or less.
That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation. Use cases? 1. Remittances -- very low fees compared to 10-15% of companies like western union 2. Self storage - Your accounts are not able to be "frozen" by 3rd parties 3. Portability -- You can travel to any country and immediately use your bitcoins without needing to transfer funds from one bank to another or pay additional currency exchange fees. If you tried to travel with a suitcase of cash you'd soon be broke/robbed 4. Not able to be used in Bail-ins: Example Cyprus stealing money from large account holders to bail-in their banks. And actually the G20 just agreed that bail-ins should be used before bail-outs by the IMF or the central banks....we are going to see a lot more bank failures and bail-ins in the near future 5. Known inflation/emission rate. : Take notice of argentina, or the QE in USA 6. the list goes on and on but if your too lazy to look them up then I'm going to stop here. 1. Convert to and from fiat is the same or more fees, plus much more hassle in many scenarios. 2. Just wait until the KYC regulations on the miners come once most of the users are accessing Bitcoin through Paypal and Coincase and other centralized choke points. 3. You need to convert to fiat before you can use it. 4. Ditto #2. 5. Bitcoin can be debased just like gold was debased in the 1800s, via fractional reserve loans denominated in BTC. Gresham's Law insures the public will adopt the most debased unit. 6. The longer your list, the more proof you provide that I am correct. you sir may be a brilliant developer but horrible at economics - told you this at least four times this year  . point 2-5 are very valid use cases for bitcoin. your arguments are may be reasonable for certain countries - but never on global scale. |
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i would like comments and analysis, and of course you can tell me that i am a bag of horseshit, i won't take it personally  you changed at least partly my view regarding bitcoin. I would like to changetip you for that  sad it is not (yet) implemented here on btt. great analysis - the good thing on bear market is that the posts even get more polarized regarding quality - you probably hit a nail here for average joe usage. nevertheless I think that one killer app of bitcoin is store of value - at least in the long term. |
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I know lots of people like her followed reptilia ardently, but look where he is now. Somewhere pumping some scamcoin and playing some forum-based medieval kingdom RPG to blend out the dire reality. It's sad.
What's important to understand is that it is way worse to make a bad move than to make no move. The easiest way to do this is realize that there are actually hundreds of opportunities you aren't taking every day, where you are missing out on so much money. It's only that you have a limited scope of attention so you will be only psychologically exposed to some.
"There is the plain fool, who does the wrong thing at all times everywhere, but there is also the Wall Street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily– or sufficient knowledge to make his play an intelligent play." - Reminiscences of a Stock Operater, a great book.
Why do you think Monero (XMR) is a scamcoin? Please give some proper arguments if you are going to accuse a coin of being a scam. also normally following blitz but this is at least interesting |
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Hey billy well played sticking to your guns.
Thanks. I think $320 is a false bottom. Even if it is the bottom, it will be tested several times so there is no need to jump on the train the first time. Don't expect help from the BearWhale's millions above $300. For those of you who say you're holding no matter what- why are you watching the charts? Do you enjoy pain? Let me spare you the suspense: It's prolly gonna creep up enough to give what-ever's left of the permabulls and the naive a false sense of security, and then we're gonna hammer you again. I think we are close to the bitcoin is death phase - maybe very close. |
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I assume we get to know the price with that amount of bidders |
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Maybe they had the 100k BTC in an address, and the idea was going to be to send 50K split to the new winners, and 50K to a new storage address..... maybe one of the 2000 blocks did not sell? and so is being returned with the 50 k to a storage address?
(who knows though, i have not looked at this, nor thought about it very hard tbh ^ just first thing that comes to mind + I kinda lean towards thinking the lots would all sell, so probably some other explanation, actually thinking out loud here, but what is with the 4999.95 BTC amounts, if they were all going to be distributed to winners, would that mean that winners all won 5K ie 2k+3k bids? if that is the case then seems all very symmetrical to me)
I thought of that, but did not want to come across as a permabear troll FUD spreader! Like you, I also think it is unlikely. Why hold back 2k? Yeh, the distribution is also wierdly symmetrical  hah... do you read this thread very closely ? I am certainly not a perma bear, nor a fud spreader lol... but then I am not here to fanfare either, if there is a chance a 2K block did not sell (or did not get paid for) then that would be interesting , is all.. and yes I know it sooooundsss FUD like/perma-bear talk, but it ain't , just speculation bro. Like I said, I tend to lean towards the blocks all selling. Did the US marshalls say they had 144K of Bitcoins from Ross himself? so the 99,999 just split into 11 lots (there were 11 bidders?) could have been split 52K back to storage , and 48k sent to winners (the 11 addresses add up to is the 100k and then the 44 K in the address 12pfPVkSNPb49Ez6GDuc4DuDdw4WCDCVef is the remaining of the 144k from Ross??) I dunno,pure speculation tbh draper said he won a lot with 2k - do not find in the transaction - but I also assume we have more than 1 winner |
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get a little the feeling that auction went gentlemen.
but I can be horribly wrong.
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do we expect to hear something regarding fridays auction today?
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Does anyone know how I can contact the Mintpal V1 guy(s)?
What did you need to ask? I'm in direct contact with them. I need my trade history from the v1 platform. For accounting. regarding the announcements - I want to know what is exactly happening with the missing xmr - I thought the guys have control over the tokens |
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there are two economically accepted theories of value regarding cryptocurrencies. they both do not rely on technical development etc pp but on network effects. the more classical theory, imo the more sound one is that the greater network eats the smaller network and bitcoins role will even be more dominant in the future than it is now. the second theory is that with this very easy to build decentralized networks, people can give value to things which they see valueable and we probably have a few hundred small but legitimate coins in the future - maybe one example for this is dogecoin. I tend to believe that the first theory makes more sense because the utility of the network grows with the number of users - but what do I know about the future. If you look closer you can see one existent niche which will probably not be filled by bitcoin. bitcoin is a decentralized transparent ledger, the maybe second biggest network will be a decentralized private ledger |
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notlampchop is one of the best trolls I have ever seen.
Seriously? A great troll is one who finally get put on ignore by everyone? Hell, I could make a new account and probably achieve that in about 5 seconds flat. It took him months of trolling. I think he is here for some time and we still discuss this guy - his techniques are excellent, he is much smarter than the low-paid trolls and shills and basically knows what he is talking about. I detest trolling, but his methods and techniques are really brilliant. |
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notlampchop is one of the best trolls I have ever seen. I hope he get paid well, in case he isn't he should seriously consider professionalizing his abilities.
kudos to him
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WTF with the price?
Major support at 150000 satoshis pulled. Monero is behind BitcoinDark in market cap. Check www.coinmarketcap.comBehind in price does not equal being behind. It's still good to look at to keep us honest, though, regardless of whatever we *think* our long term fundamental advantages are. Monero definitely has a perception problem from many investors' points of view at the moment. I can understand your sentiment, but I ask: How can you single-handedly perceive that many investors' points of view reflect a problem with Monero's perception? Simply because we know that big money is flowing into various cryptocurrency projects right now, and they just aren't choosing Monero. the only "altcoin" getting serious amounts of money is counterparty and maybe the at this point non-existent ethereum. they handle completely different markets. I do not know if monero will fly in the future but the mixture of the biggest existent niche, a competent development team, a healthy community with tons of early bitcoin adopters is probably not the worst point to start. |
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this is gentlemen if true |
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I am certainly enjoying accumulating more XMR at this level. At some point I will just buy it all. Not there yet, however.
Really? I've been enjoying the up and downs, and taking advantage when I can, but I've not seen much development taking place. I was getting the impression that it's a dead coin... if there is a place in the cryptosphere for an altcoin in the future it is probably this one - I think long term it is more risky to not have some monero than to have some |
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and who said that Draper win 2000, there is not 2000 instead 2999 btc
