it would take about 20 years before the volatility of Bitcoin reduced below a reasonable level.
Perhaps, but define "reasonable." It's already reasonable in comparison to silver or gold. It's reasonable in comparison to some really crappy national currencies. And it's reasonable in comparison to alternative currencies like Liberty Reserve. That's all it needs to continue growing, and to continue stabilizing. |
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It turns out that timescale doesn't make a difference.   |
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What exactly is wrong with losing ownership of the money? Deposit insurance covers in case of a bank failure. It's technically a IOU, but the possibility of not being able to withdraw their is slim. What you're arguing over is semantics. Yes, the money deposited in a bank is an IOU, but for all intents and purposes it's just as good as real money.
If you cannot see anything wrong with losing ownership of your money, then why don't you give it all to me? Because: - you don't have deposit insurance
- you can't give me my money at moment's notice
- i don't know or trust you
- you are not bound by any government regulation or audits
Bitcointalk: the forum of a revolutionary new cryptocurrency, where the moderators don't understand the downsides of fiat and fractional reserve, and argue that government regulation is a good thing. I could've sworn this place was populated by relatively intelligent people at one point, but that memory is getting pretty fuzzy. |
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I've been learning about ships lately. I'd guess that the reason that this project has been advised to troll around in a figure-8 pattern is that the ship needs to be moving in order for the stabilizers to work. Now think about what happens when you put a couple dozen of these on the bottom of a large stationary platform, and make the resistance provided by each one variable and computer-controlled. Looks like someone had a better idea: Boat stabilizes with the help of internal waveshttp://www.sintef.no/home/MARINTEK/News/The-ship-that-waves-wont-rock/The aim is to create a more mobile hotel unit which can be leased by oil companies which operate in several parts of the world. |
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Within the next few years, geosynchronous cubesats will open the door to internet access anywhere on Earth. Geosynchronous? You do know that's going to take a bit more money to launch it that high, right? That'll take some serious moulah. In todays' dollars, a million bucks worth of payload delivery to LEO would be several Billion dollars in price to deliver the same payload to a Geo orbit... Very few rockets on earth right now can even get up there! It will be expensive, no doubt. But cubesats are really small. Cost will ultimately depend on whether they can piggyback aboard another launch: Through companies like Eurokot and Kosmotras, the launch costs are currently about US$40,000 per single cube. http://www.satmagazine.com/story.php?number=602922274 |
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Price negotiation is 'expensive'
No it isn't. Just maintain multiple links. Periodically drop and replace the most expensive / least reliable one. I don't really think meshnets are achievable as the anarchists would like them.
I agree, but for none of the reasons you stated. They aren't achievable because too many "anarchists" will only settle for free internet and not "internet at cost." Within the next few years, geosynchronous cubesats will open the door to internet access anywhere on Earth. Either a Bitcoin-based meshnet will be ready to take advantage of them, or they will be snuffed out by commercial interests. That will probably be the closest that humanity ever gets to truly "free" internet. |
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the exchangers – possibly the only entities that have been holding value (in the form of trading balances of real money) to offset the whatevers This is, admittedly, a decent explanation of how the value of Bitcoin can fluctuate wildly. Though it has more to do with the existence of exchanges, and close ties to the fiat money system, than with any inherent flaw in Bitcoin itself. But what it doesn't do, is even come close to proving that Bitcoin can ever go to zero, unlike oh, say, e-gold.  |
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Is anyone selling a simple "Bitcoin Accepted Here" sign? Like this one?  |
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At one time, the Trade page on the Wiki was a good metric. But it is no longer editable, so it's fairly worthless now.
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It just occurred to me that the sooner "BigBrother" actually stamps 666 on the foreheads of all the morons who think this way, the easier it will be for me to avoid them. It's really sad that this includes the majority of the Bitcoin community at this point.
Seriously, though, you sound Asian, so there's likely a genetic or, at the very least, a deep cultural reason for you to want to appease the mandarins, but you should consider studying the way that free and independent people behave in the face of despots, and emulating that instead.
This passive-aggressive nonsense might have made sense when the mountains were high and the emperor was far away, but it doesn't work against an omnipresent "democratic" police state. The ponzi scheme doesn't have to confiscate your Bitcoins in order for them to lose value. They can take physical resources, and will.
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you know what, i bet he was an early adopter of btc, until he got scammed of all his coins, then he just rage quit
I'm pretty sure he was a silver bug. Many of them didn't take too kindly to Bitcoin exploding onto the "hard money" scene. Since this video, silver has gone down almost 50% and Bitcoin has gone up 1000%. |
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Organized character assassination has been part and parcel of Bitcoin for a long time. |
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by Alex JonesSurprisingly pertinent to Bitcoin. And if there's anything in here that you doubt, or need a citation for, just ask.
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In the largest flash crash so far, in 2011, Bitcoin went from around $30 to around $3, losing 90% of its value. Today, Bitcoin went from $265 to $105, losing 60% of its value.
I predict this trend to continue, and for Bitcoin value to continue to become more and more stable as time goes on, even as the price rises.
Easiest prediction evar. |
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