If Alice works 8 hours and exchange her products with Bob's products, which also cost 8 hours to produce, there is no scam involved, just fair trade. Similarly, if the cost to produce certain amount of money is similar to the value of the product those money can purchase, then it is also fair trade. This means, if the amount of goods that need money to trade increases, the cost of producing money should also increase. Bitcoin is a perfect example of the fair trade principle
Profit mandates one receive more value than it (i.e., that one) produces. Money enables one to delude another as to profit's pre-/absence within an economic "exchange" (johnyj). I don't see how what johny said has anything to do with what you said. Did he say anything about profit? That said, Imagine Alice works for 8 hours to find and bottle clean water. Bob spent 8 hours hunting for food. They exchange 4 hours' worth of water for 4 hours' worth of food. They both profit, because without food, Alice would starve to death, and without water, Bob would die from dehydration. Value is not necessarily the same for everyone, you can have situations where everyone profit. |
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dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....
Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous). Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins. My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month. i would use money i would invest those 200k at bitcoins then at others altcoins and as i said lets say i make 500 dollars weekly profit,im very curious to get a loan to play with bitcoin and repay it on the next 5 years to the banks... See, billy? What did I say? He'll probably buy some pumped alt coin and then left bagholding when ryan pumper dumps it all. |
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dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....
Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous). Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins. My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month. |
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Holding 500 bitcoins is a descent amount, I think if you hold that amount than all your dreams are going to be true, even your children would be on safer side in the future and they can easily make 1000 bitcoins out of it, and even with 500 bitcoins you are gonna be a rich gentleman.
I don't think so mate. My dreams are to many and 500 bitcoins are not enough to fulfill those. I want that my children lives at Hollywood and do the life needed there. I want that they have Harvard school and I have three children. I want that they can do charities in big amounts every year for the children which are in need. I want to many other things that I don't want to tell here. So you think that 500 bitcoin are enough? could be enough depending on how much bitcoin appreciates (if it does) |
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Not sure all of those factors can be weighed evenly (like divisibility) and there's another thing that's important: difficulty of counterfeiting. Cash: 1) Medium of Exchange. = 9 2) Unit of Account. = 10 3) Portability. = 9 4) Durability. = 4 5) Divisibility. = 9 6) Fungibility. = 10 7) Store of Value. = 2  Counterfeit = 4 Gold: 1) Medium of Exchange. = 7 2) Unit of Account. = 10 3) Portability. = 4 4) Durability. = 10 5) Divisibility. = 4 6) Fungibility. = 10 7) Store of Value. = 7 Counterfeit = 9 btc: 1) Medium of Exchange. = 9 2) Unit of Account. = 10 3) Portability. = 9 4) Durability. = 5 5) Divisibility. = 10 6) Fungibility. = 5 7) Store of Value. = 7 Counterfeit = 9 |
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It's easy.
Just build a time machine, go back to 2015, and buy 10,000 Monero for 50 cents each.
Only if building a time machine was that easy.  But if someone really did build a time machine I think, they would be the richest man ever since they would be friends with bill gates and steve jobs and knowing to invest in them when they worked out of their garage. Do you think Bill Gates or Steve jobs would just take money from anyone to dilute their own stock? No. Even if you could go back, you still won't be able to do anything. Unless you have the qualifications and the skills, in which case you wouldn't need to go back. |
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dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....
Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous). |
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it isn't sudden, it's been there for a while
I know, I remember when it came out. I just noticed it around the forums more as of late...I feel silly even creating this thread lol Oh, I meant the hype, not the coin. It's been here since I first came to the forums early this year. |
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it isn't sudden, it's been there for a while
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the problem is, what's the benefit for bringing crypto to the games?
The benefit for the game owner?
For the players?
I too, want, hope, and think that the future of gaming will be almost like a literal "second life", where there is a whole virtual economy that can be interexchangable with 'reality'. And blockchains could have a part in that.
But currently, how can you convince a game developer to use such a coin?
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I think, to answer your question in present terms, super positive price for 1 BTC would be around 5 Million USD.
This number is only based on USA.
If the world began using BTC as its only means of currency exchange, then 15.5 Million USD per 1 BTC.
IMO
Sounds nuts but it's actually way more accurate that winkleloss bros saying it could get to $50,000. I mean Coinbase CEO is now saying it could become the reserve currency. In the eye of a currency collapse storm which we are heading toward its not that crazy to think people would reach for the one currency that actually worked. When the Wink Bros say $50k USD, I think they are thinking just a 1 Billion Market Cap. That is the number as a payment processor, like VISA, Mastercard, etc (combined). If "Dollar Collapses" or the World uses BTC as its collective global currency system/supply, then I think 5 to 15 Million USD. I could be very wrong, I'm no economist nor mathematician. I'm just thinking dooms day scenario for world, but most positive outcome for BTC. EDIT:
CORRECTIONS: The 1 Billion Market Cap, that I stated above, should really be around 700 Billion Market Cap.CORRECTIONS: All Credit Card Companies (USA) combined in 2012 was 7+ Trillion Market Cap.CLARIFICATION: When I calculated my "5 to 15 Million USD" above, I was using 2014 USA Wealth to 2014 World Wealth Stats.CLARIFICATION: 2014 World Wealth = 264 Trillion USD divided by 21,000,000 BTC = 12.5 Million USDThis is a common pitfall in the bitcoin community. You can't replace total wealth all with bitcoins. There isn't a dollar for every single "dollar of networth" in existence. For example, even if bitcoins replace all fiat currencies, bitcoin cannot replace your house. Or your table. Or your car. All of those are included in wealth. So there is no way bitcoins will be worth as much as the total wealth of the world, it's just not possible. I would say the MOST optimistic scenario, bitcoin could potentially be worth 1 million dollars each, present value. But I would say the chances of that happening are very, very, very, very low. The $40,000 winklevoss estimate is comparatively a lot more realistic. |
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do you need our real names? Or could we leave that blank or use a pseudonym?
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Also how to get rich:
- Get a job
This is probably hands down the worst way to get rich. Well, other than doing illegal stuff and then getting jailed for life. |
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When Bitcoin goes up, everyone thinks up, and when sideways, everyone thinks sideways. During the last bubble, people were imagining 10,000 USD, now they're imagining range-bound for the next 5 years, lol.
First time we're in agreement so far in this thread. Most people are very unimaginative (and uninformed). They can't really think for themselves. |
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you would expect such a person to not say stupid things. this is just funny, if any one thinks bitcoin will surpass the us dollar in any way, these people are surely living in a fantasy world.
I would've said exactly what you did in 2010 about bitcoin reaching billions in market cap. |
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I don't think this is possible, although he does say he has a plan. Who knows, maybe we'll view him as one of the next generation of geniuses after Larry Page/sergey brin, Elon Musk, etc. in 15 years.
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Well it's been a couple of months. Things are slow on the Monero development front, but the price has remained stable. I'm still plugging along, buying what Monero I can with my extra income and encouraging crypto-enthusaists to do the same. In an image that will surely be historic one day, we sit in 6th place behind a few unworthy opponents with some shining exceptions:  The only thing that would make me change my mind on Monero is a vastly superior technology hitting the crypto scene or a few years passing without any adoption increase or development (in which case the Monero I bought will be a total loss, but I'm prepared to accept that risk). In the meantime social media awareness of Monero is slowly growing, and hopefully people will adopt quickly during the speculation phase instead of sitting on the sidelines like I did with bitcoin. Sometimes we know something good when we see it, but are scared to commit. I would hope that no one else has to experience that pain when they see Monero achieve near 1:1 parity with bitcoin in the coming years, knowing they could have had it for thousandths of a bitcoin. On the other hand, if I'm wrong? Oh well, I lost the equivalent of a really, really righteous vacation in Las Vegas. I can't think of a better gamble in the world right now, and I can get drunk on comp'd drinks right here in my living room. what website did you get that from? |
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Its definitely interesting reading the bios of those people but lets be realistic, those guys were geniuses basically, can we really be compared to them? I dont think so. So I would rather look at guys like the guy that created Flappy Bird. A simple ass addictive game that deliver millions of dollars in ad revenue. Thats how you get it done. Get something viral and all over the world.
It requires luck, a lot of it, no matter what you do tho.
You can always keep buying BTC and stacking up long term as a lack of a better idea.
But dude, this game was online since 2013 and people started playing it only because of the youtubers that found it probably by an accident. Do you know how to be successful nowadays? You have to go viral with your thing.. make a simple and addictive game ( Nothing hard, there a lot of games like this, just look form your window at a minute you will surely know something.. ) for iOS or ( grr... ) Android and record your mother playing it and tell her that when she fail at it, she have to throw a piece of cake on her face. The video will probably go viral and people will make a fun of it and play the game, so yeah.. you can try this way  BTW The guy that made Flappy Bird was fucking weird when he shut it down just because of the high revenue and likely-true stories about people being killed because of it, I think there were another problem.. maybe someone found him and wanted kill him because of the game or something like this... who knows? :/ @both of you: Can we be compared with them? Yes. At least I don't intend to put myself as a "lower being' than they are, and you shouldn't either. The fact is, people are pretty stupid, even smart ones. There's not a huge difference between people, other than the very extreme outliers like those born with a huge mental disability etc. If you measure their IQs, bill gates, steve jobs, etc, are not the smartest people in the world. Not even close. They might not even be 1 in a million (1 in a million would be 7,000+ in the world). No reason we can't do something great. Also, flappy bird requires basic programming and graphic design skills. How many people in the world can make a flappy bird clone now, without learning anything new? Not that many. You need skills no matter what; it's a matter of how much, based on how much luck you have, how much work you do, how good your idea is, etc. No single factor can get you rich, except maybe luck. But even if you win the lottery, chances are you'll lose it all if you don't have basic financial skills. |
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tl;dr
lets have a summary in less than 150 words
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