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781
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Losses
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on: April 15, 2015, 03:02:54 PM
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Lost 40BTC to the pirateat40 shithead
Lost 2.2BTC to fucking amhash
Lost 1BTC to v1 of a first investment type website, it was pretty popular in 2012, cant remember its name.
Lost 1BTC to pyramining
Think thats bout it =P
Never again will I give someone my btc... OH WAIT!!!, u have to in order for it to actually be useful...
see why this shit is never gonna go mainstream? ...
40 BTC is a shitton. At what price did you guys that have 50+BTC buy? you must have been legit early adopters. I didnt buy, it was mined =) Back then, mining on 3GH/s worth of GPU's made 3-4BTC /day |
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784
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Bitcoin / Bitcoin Discussion / Re: How many new jobs have been created thanks to Bitcoin?
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on: April 14, 2015, 10:27:43 PM
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The real question is how many jobs with bitcoin eliminate. The financial sector stands to lose a large percentage if/when bitcoin goes more mainstream. Here's to hoping for that day.
Not many if things keep going the way they are for Bitcoin. Lower prices, scam after scam after scam.... whos gonna trust that shit? The ratio of scams to actual good commerce in Bitcoinland compared to fiatland is hilarious. |
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785
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Losses
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on: April 14, 2015, 08:01:45 PM
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Lost 40BTC to the pirateat40 shithead
Lost 2.2BTC to fucking amhash
Lost 1BTC to v1 of a first investment type website, it was pretty popular in 2012, cant remember its name.
Lost 1BTC to pyramining
Think thats bout it =P
Never again will I give someone my btc... OH WAIT!!!, u have to in order for it to actually be useful...
see why this shit is never gonna go mainstream? ...
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788
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Bitcoin / Bitcoin Discussion / Re: Mainstream
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on: April 14, 2015, 02:47:04 PM
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Which App/Company can bring massive BTC adoption to the world?
I think messaging apps with new features including BTC of course, can do it.
You know whats interesting ... is purse.io is the place Ive probably used most of my btc ... its a great way to obtain btc & spend it =) Its a pretty unique application for bitcoin. |
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792
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is just to complicated for the average person to use..
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on: April 09, 2015, 02:54:20 PM
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You guys need to stop being bitcoin cultists and look at this objectively. Using bitcoin gives 0 benefit over fiat to the vast majority of people. Instead, they'd have to pay fees to exchange it, and to transfer the bitcoins to their own wallet, then again when they're using it. If I withdraw cash through interac, I don't pay anything. I don't pay anything extra when I'm paying the merchant either. With credit card, I can pay on credit. It's also extremely easy to use.
Why would I spend the effort to obtain bitcoins? The answer is that there is no reason, unless you're a libertarian bitcoin cultist. Seriously. Stop saying "You can obtain bitcoins by doing this, this, this, this, this, this and this". I can obtain fiat without doing all those steps. I get no benefit from doing those steps. Why should I do it?
Again, whether something is complicated or not depends on what that thing is/does. spending 1000 hours working to become an olympic champion is easy. Spending 1000 hours working to buy an Aero bar is extremely stupid.
What u dont realize is that using fiat is not 'free'. Sure it seems free on the consumer side, but every person that uses fiat is being stolen from in 2 ways. 1. Devaluation of the fiat currency over time. 2. Higher prices due to merchant / merchant processing fees. Theres fees/'a price to pay' with either system... ALWAYS, the nice thing about bitcoin is its completely transparent. |
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793
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Economy / Economics / Re: Is Bitcoin Money or Currency
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on: April 08, 2015, 05:56:12 PM
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From what I have read, money as one major difference from currency. Real money functions to serve as a store of value , currency does not.
Other than that money has all the functionality of currency.
IE: fiat currency ... is really just that, currency. Due to inflation its not a store of value.
Gold, on the other hand is considered money because it has a store of value, it nearly always stands to correct the current inflation status of any given nations currency.
Bitcoin definitely functions as currency, but as far as being a reliable store of value... well time will tell. Sure, it easily can and is designed w/ that aspect in mind, but its so new that it cannot be judged for its store of value 'status'.
Bitcoin's ultimate store of value worthiness will be determined by the demand for its utility to function as insanely an insanely effeciency currency system. So far, that demand lies only w/ nerds & geeks & believers of that system. It needs to reach average joe demand and thats not gonna happen for quite some time ... if ever...
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795
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Bitcoin / Bitcoin Discussion / Re: What if YOU could put 1 feature, change, whatever, into the Bitcoin protocol?
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on: April 08, 2015, 05:48:50 PM
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One change that I would implement first and foremost. Is a way to prevent the 51% attack from ever being carried out.
Dont ask me how I would go about it, but its something that should be at the top of EVERYONE's list whos interested in the survivability of Bitcoin longterm. As long as the 51% attack exists .. Bitcoin never stands to become a worldwide dominant currency, because its really not 'trustless' long as 51% attack is possible.
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798
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Economy / Services / Re: I'm BIP38 curious, please help me out!
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on: April 06, 2015, 10:14:55 PM
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congrats to first person who crack that one, any guess for second key would like to crack it and trying to solve that math puzzle.
Second password is a standard 5-letter English word. It should be in any English dictionary. bitcoin ... oh wait... =P |
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