Problem with buying Bitcoin is that all the easy ROI is long gone and yet current buyers assuming 100% of the risk unlike the earliest adopters. Seems legit - exchange your real dollars for fake Bitcoins while the Bitcoin rich buy a Bugatti with your real dollars.  People who initially bought Bitcoin in 2009 when it was fractions of a penny saw like 450,000 return leading up to last November. While today, assuming the rate of inflation is static (I don't need to entertain hyperinflation arguments), the most Bitcoin's capitalization could ever be is $Trillions. So the ROI limit left here is like 1000x on a new investment. 1000x return so $10,000 would only net $10 million.. of course this is no guaranteed thing.. BTC could plateau at its' current capitalization forever, drop down to $0 or be replaced by a competitor. The latter is possible I think because Bitcoin is only 500K-2M users when the internet in the late 1980s had more users. It seems very possible that some coin better at promotion and user base expansion could simply fly past Bitcoin in months and Butters would be asking themselves what just happened. Doesn't seem that likely. Why would a new coin get hundreds of thousands of users? What killer feature would it have to be so attractive? Something viral of course. Well, anything is possible, but like I said, doesn't likely. Killer features would probably be adopted by Bitcoin before the new coin would gather enough of a network. I never said features. A lot of search engines and social media websites were replaced by competitors who did a better job at attracting users. That's why this forum was in panic mode when Apple Pay was announced but it didn't go viral. Inevitably somebody will come along and go viral and Bitcoin at its' small 500K - 2M users would be left behind |
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NXT is like the 34 year old "genius" who lives with his aged parents. NXT always claiming to be doing something life changing but nothing ever changes. Time to boot out the NXT loser.
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Bitcoin inner circle is mainly Southern Californian. Russia and China also treats Google and Facebook suspiciously because of their American background.
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Problem with buying Bitcoin is that all the easy ROI is long gone and yet current buyers assuming 100% of the risk unlike the earliest adopters. Seems legit - exchange your real dollars for fake Bitcoins while the Bitcoin rich buy a Bugatti with your real dollars. People who initially bought Bitcoin in 2009 when it was fractions of a penny saw like 450,000 return leading up to last November. While today, assuming the rate of inflation is static (I don't need to entertain hyperinflation arguments), the most Bitcoin's capitalization could ever be is $Trillions. So the ROI limit left here is like 1000x on a new investment. 1000x return so $10,000 would only net $10 million.. of course this is no guaranteed thing.. BTC could plateau at its' current capitalization forever, drop down to $0 or be replaced by a competitor. The latter is possible I think because Bitcoin is only 500K-2M users when the internet in the late 1980s had more users. It seems very possible that some coin better at promotion and user base expansion could simply fly past Bitcoin in months and Butters would be asking themselves what just happened. Doesn't seem that likely. Why would a new coin get hundreds of thousands of users? What killer feature would it have to be so attractive? Something viral of course. |
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Spoetnik what happens if you call a bluff and it isn't a bluff? Some psychopath from Arizona, who likes blue birds, some day could take the Greyhound to Canada and go after you.  I'm talking about that guy who is alleged to live in a mobile home and is also alleged to be on public criminal record for murdering a woman. |
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Problem with buying Bitcoin is that all the easy ROI is long gone and yet current buyers assuming 100% of the risk unlike the earliest adopters. Seems legit - exchange your real dollars for fake Bitcoins while the Bitcoin rich buy a Bugatti with your real dollars. People who initially bought Bitcoin in 2009 when it was fractions of a penny saw like 450,000 return leading up to last November. While today, assuming the rate of inflation is static (I don't need to entertain hyperinflation arguments), the most Bitcoin's capitalization could ever be is $Trillions. So the ROI limit left here is like 1000x on a new investment. 1000x return so $10,000 would only net $10 million.. of course this is no guaranteed thing.. BTC could plateau at its' current capitalization forever, drop down to $0 or be replaced by a competitor. The latter is possible I think because Bitcoin is only 500K-2M users when the internet in the late 1980s had more users. It seems very possible that some coin better at promotion and user base expansion could simply fly past Bitcoin in months and Butters would be asking themselves what just happened. |
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Is this coming out of NXT money system update?
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How do you fix the past?
If someone had 51% of a Proof Of Waste coin's hash power, what can you do to prevent him forking the chain?
The same way as with Proof of Shit coins. So why are we discussing this aspect? DPoS
We are discussing PoS versus PoW here, and why people support PoS specifically. You would need to buy up 51% of the currency supply to use this attack vector.
Just as it happens for many coins an exchange owns more than 51% of the supply. They paid NOTHING to obtain it. You are entrusting them directly (or indirectly when they get "hacked") to not fork your coin. In the NXT hack at BTER, BTER only had like 5% of NXT's total supply - so there's already empirical evidence proving that no exchange has 51% of NXT and I assume this to be likewise true for other PoS coins. |
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8 888 888 888
8 000 888 000
8 888 000 000
Depends on which you think may be more aesthetic to read, sounds better and rounds more conveniently. I think the first number would just be pronounced 8.888 billion in a conversation (as in "8 point 888 billion") or rounded to 9. The second would just be rounded to 8.
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Rockethead in that post was purely focused on analytical and empirical justification to increasing the supply (he was not interested in superstition at least in that one post).
There does seem to be evidence that increasing the supply will produce a higher capitalization (stakeholders would be wealthier if that is what they are interested in) and induce more velocity.
It also allows somebody to maintain NEMillionaire status as currently all it takes is to spend 1 NEM and you cease being a NEMillionaire. So NEMstakeholders may end up getting a free silver coin and some little spending NEM so they can maintain their prestige title of being one of the initial NEMillionaires.
As for the superstition with 8 and 888. 888 in particular is an universal good luck number in Western European / Anglophone cultures, Latin American, Judaism, Eastern European / Greek and East Asian cultures.
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Your a wise ruler and your glorious scholars have just discovered Cryptocurrency
Productivity 300%
Income 300%
Wall Street Wonder is Obsolete
Makes Banking Obsolete
All Discontent citizens are are content for 20 turns
and then 5 permanently.
Banking wouldn't be obsolete. On the contrary, Fidor is launching a crypto bank in the upcoming months and banks in digital currencies are likely going to be a requirement for mainstream adoption as mainstreet Joe isn't capable of protecting his private keys from seasoned hackers, user error, fraud and hardware error. People also need credit & financing for entrepreneurial activity. Income would likely go up as a plurality of currencies would probably emerge and that distribution of wealth is probably going to be better than the present distribution of money in this world. The Pareto Rule in regards to wealth distribution in wealthy countries is a ridiculous notion as nobody gave you or me an equal share of our countries' wealth and we didn't squander our share away to somebody else. |
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Bearish - if he cannot afford a shave, then bad times are a-coming
+1 Better start dumping them BTC before the Chinese learn about this!  |
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Hi There! Was not here for a month,sorry -busy with another work. It seems like Nem forum not working or this is just for UK users?
I have redeem my real Nem address exactly before 22/11/2014?
and what a shit about 888 bil NEM??? it MUST BE EXACTLY ONLY 4 bil , like it was matter before!
Cheers!
Actually a slight correction here - the person who conceived the idea brought up 888 trillion. A lot of these number threads are conjecture and I think a supply in the trillions may had already been ruled out as it presents too much of a programming obstacle for third party javascript developers in the ecosystem. NEM long term success is dependent on those ecosystem programmers. I think the remaining conjecture here is 4 billion to 100 billion but I haven't really seen much decisive force is moving past 4 billion, so this conjecture seems purely entertainment (especially when Patmast3r vocalizes his dissent). It would be nice if more stakeholders did chime in and submit their thoughts on 4 billion, 8 billion and 80 billion as options. At least in the polls I remember the sample poll at least indicated 8 billion had more margin of support in favour than the logo vote ever had.. but an official logo was something that was actually a needed result as opposed to say tweaking the total supply which otherwise has long been established for many months. |
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Spoetnik is going to win this thing |
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Mining was never fair. Today after 5 years of learning resources and how-to-guides many people still can't figure it out. I'm sure someone here will come at me with an ad hominem ("lol ur stewpid") but it doesn't change the fact that PoW is indeed this complicated thing which most users and upcoming users will never understand.
Maybe your laptop or a dusty Windows 95 could had mined Bitcoin in 2009 but doesn't do any good if the user in control of the hardware did not know where to begin and back then there was virtually no learning resources to consult. There was a reason why millions of the first Bitcoins were mined by a very small exclusive group of people with backgrounds in computer science and this scarcity was why they were able to manipulate the price and make it valuable enough to had been appropriated as a payment method on websites like the Silkroad.
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Kind of made me laugh when after 79, the next option was Old as Fuck. (I am way, way, way below 79)
If you're in your 80s and into crypto, I hope you can take a joke lol no disrespect to grandparents! Well cryptos is still an obscure technology only used by 500K-2M users around the world. If you look at something like social media, the oldest person on Facebook is supposedly a 103 year old great grandmother. I have happen to met several retired pensioners with tablets / computers, smartphones and facebook and yes some were older than 80. Plus it's a fact that old people like their spend their money on the lottery, so it's probably a good thing they don't know yet about crypto currencies or the grand children's graduation present will probably be squandered on $hitcoins. |
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What is stopping Doge from already going viral on Facebook?
I mean Bitcoin is like 500K-2M users and Doge is obviously a lot less. When you think about it these Doge people, like that guy who was dressing up in the Doge Tuxedo, is a really obscure fringe population of goofballs. There's no evidence really that Doge is anymore appealing than BTC when it comes to the untapped userbase (mainstreet Joe)
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People who feel like leaving may wish to park their funds it bitassets. Want to cash out your bitcoin for Gold or even USD? Why not use bitassets instead, bitGOLD and bitUSD, crypto that tracks the real world prices. Its like having crypto-gold or crypto-USD. Easily exchangeable for bitcoin in the bitshares decentralised exchange. Just a thought for those who are seriously considering leaving.
That would be a false sense of security as bitGold and bitUSD wouldn't be convertible to their real equivalents if the BTSx network dies. Mastercoin is a good example of a hype coin that later died and BitSharesX reminds me a lot of Mastercoin - misinformation and deception and money changing hands between a few private funds in China. |
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It's always the juniour accounts and members who say they are leaving. |
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what's going on to NEM'price? We have passed from almost 3btc/stake to 2,15btc/stake  BTC is irrelevant pairing here, NEMstake was always traded for NXT and at 39,000 NXT it is looking good, the highest it ever has been was like 45,000. |
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