Or had a bad random source (like the Android wallets).
An address where the private key was never used (no transactions out) is slightly more secure in that matter.
I like the irony of that. |
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there's not much more room for bitcoin to go. Next level is regulation and mainstream (which defeats the purpose of its existence anyway), which is a huge step forward. 40% of americans already know what it is. Ask someone on the street if they think bitcoin is a big deal. Answer is NO.
So the dilemna with bitcoin is that for its price to skyrocket it has to abandon its roots. Basically, bitcoin is kind of like a joke right now.
40% of Americans know what it is, or they have heard of it? These are very different statements. It's basically the same thing. "The same thing?" yeah right. Hearing about bitcoin and knowing about bitcoin are definitely NOT the same thing. This reminds me of some guy who looked over my shoulder while I was standing in line showing my buddy some charts on my phone. Here's how the conversation went down: - Random guy "oh, you do TA?" - Me "Not really, I just kinda watch the price." - My buddy "yeah, he makes bitcoins!" - Random guy "oh yeah? I heard about that, what's the price at?" - Me "Thousand bucks" - Random guy <blood draining from his face> "... and how much you make per day?" - Me "Only one or two" - Random guy "..." at the end of that, the look in his face, I will never forget. I seriously thought he was gonna stab me and try to steal my bitcoins. Lesson learned, I don't mention bitcoin in public anymore. shitthatneverhappend.txt |
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there's not much more room for bitcoin to go. Next level is regulation and mainstream (which defeats the purpose of its existence anyway), which is a huge step forward. 40% of americans already know what it is. Ask someone on the street if they think bitcoin is a big deal. Answer is NO.
So the dilemna with bitcoin is that for its price to skyrocket it has to abandon its roots. Basically, bitcoin is kind of like a joke right now.
40% of Americans know what it is, or they have heard of it? These are very different statements. It's basically the same thing. |
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I want bitcoin to succeed so everyone can be rich.
Not sure how that's possible? Tell us more... Point Taken. It's not possible for everyone to be rich. In fact if bitcoin were to succeed and we were to cut out the international banking cartel, those that benefit from the current system that would stand to lose a great deal, but in the long run I think that most people would be richer. Those who benefit from the current system will also never support Bitcoin, you've said it yourself. And that group is larger than you think. Not only in terms of wealth and political influence but also in terms of the number of people. When it comes down to it only people who attribute themselves to Libertarianism think they don't or can't benefit. |
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what is this by the way? This isn't like the usual bubble I see graphed. It's double peaked and seems to be coming down in a series of bear traps.  This is what happens if people come here and use the terminology they learn in this echo chamber without knowing what it means.  |
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Of course. They simply pay out the ass to have people take care of it for them.
This is no longer necessary.
And what do they pay exactly? Could it be people who are making sure their assets don't get taken away by other people who aren't as fortunate? Who do you think sponsors the status quo? That wouldn't be any different with bitcoin, with the exception that they would have to pay off us first. |
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Which can only go so far, because at a certain point the moneybags do not have anything to gain from Bitcoin since they are already profit from the existing financial system.
Nothing except freedom. Worthless thing that. HAHAHA billionaires and freedom. They want power dude. Uh huh. So... these power seeking billionaires... they enjoy asking permission to spend or store their money then? Freedom is power, especially monetary freedom. Do you really think they have any issues with monetary freedom? (whatever that is supposed to mean) Power means political influence and such... |
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Which can only go so far, because at a certain point the moneybags do not have anything to gain from Bitcoin since they are already profit from the existing financial system.
Nothing except freedom. Worthless thing that. HAHAHA billionaires and freedom. They want power dude. |
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with all due respect, electricmucus is considered a perma-bear around here.
What respect? You referring to me in third person with nobody else around debating? Is there a point to your post? |
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I think we're doing it wrong. I think there will be a time when paper won't be able to buy bitcoin, thus making Bitcoin a global currency. And if we have a global currency, I bet we'll have a global government.
And, what if, what if, this global goverment would endorse bitcoin in such way buying or selling is permitted only with bitcoins?
lol cash out already |
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Contrary to what is claimed higher Bitcoin prices do not come from more and more people buying in with less money. It's less and less more and more richer suckers entering the market.
Which can only go so far, because at a certain point the moneybags do not have anything to gain from Bitcoin since they are already profit from the existing financial system.
At this point the Bitcoin exchange rate will tumble over.
In a way it's great since the biggest sucker can give a large amount of money to many people. Even more so if they fall to the sunk cost fallacy. (Winkledouches)
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I don't usually read revans' threads, but when I do, I'm prefer to find a diamond in the rough. I'm not sure hoping that speculators lose everything is a particularly kind world view. It's rather destructive to the soul. Totally destructive to the soul. I don't want bitcoin to succeed because I want to be rich, I want bitcoin to succeed so everyone can be rich. a) the success of Bitcoin has nothing to do with people becoming rich. b) everyone in that means everyone into the get rich quick cult. c) the only people who actually got rich out of hoarding Bitcoins are those who already cashed out, there isn't enough money so that everybody can do it, it's a game of musical chairs. |
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What's your definition of "music" ?
Digital currencies cannot be created other than mining. So it will get bigger unless it becomes unusable.
I think he means financial meltdown.
LOL, you guys are starting to show pavlovian reactions. |
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From 2011. Probably gox or sr Could be many different things. The round value makes me think there is more where that came from. |
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Bump. The cultists can not allow knowledge of their delusion become publicly accepted, this is why they zealously attack anybody pointing that out.  |
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What is the current value of all fiat?
Some several hundred percent. |
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step 1 - several people heard about amway
step 2 - several people are using amway, many have heard
step 3 - many are using, most have heard
step 4 - most are using
FTFY And no, we are not at the maximum level of adoption that bitcoin has seen. We are, in the most pessimistic scenario, at 1% of that.
Also true with Amway. Pretty much all of the civilized world uses dishwasher, soaps or shower gels and cleaning agents. |
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