What does this even mean? That a bank exchanges your fiat currency into bitcoins for you, through an ATM?
ATM exchanges digital money to physical cash (whatever currency) anyway. So why hasn't anyone actually implemented the software patch to let users choose bitcoins instead of cash?  Generally ATMs change digital USD to physical USD, digital RMB to physical RMB, digital CAD to physical CAD... you get my point. Besides, most banks don't even support bitcoins. Bitcoin ATM makers are purely in the bitcoin business, I doubt they have a strong relationship with banks. |
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What does this even mean? That a bank exchanges your fiat currency into bitcoins for you, through an ATM?
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We can use it, and say +/- 2000% |
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Uh, am I reading this incorrectly, or are you guys reading this incorrectly?
the USMS would NOT COMMENT on the price sold, and they calculated those values from the CURRENT MARKET VALUE....
So what's the use of calculating that value backwards?
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get yourself banned. If you are so addicted that you pay the fine to make a new account, then get that one banned as well, until the fine is so huge you can't pay it.
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John nash said that ideal money would have some standard predictable and stable measurement backing supply of the currency token.. Something like an energy cpi or something maybe even amount of joules it takes to mine a bitcoin? It encompasses everything from harvesting the energy src to using it in the most efficient manor.
In this way it cant be hacked like the central banks do with inflation targeting.
I've always thought that in the far, far future, when we can literally form matter into whatever we want, (i.e alchemy) the only currencies would be matter and energy, and whatever other basic component of physics that I'm not aware of. Since those are the only things that matter, and you can make anything physically possible with those components. There would be no need for a token to represent values, since everything can have their values accurately measured by their worth in terms of amount of matter/energy etc spent on making it. |
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We are not all slaves. Some of us choose to like the idea of collecting a big pile of money.  The big pile of money that you collected are just some numbers banks write on their book, the original ownership of these purchasing power belongs to banks who wrote it out of nothing. The more you collect those money (by doing various work or business activity), the more they write, that is the slavery Uh... not really. For example, I play a MMORPG, where literally all game money is created by the creators of the game at will. I play the game to earn game currency, does that mean I'm a slave of the game creators? And real life isn't like that. Banks/government doesn't have 100% control like you think they do. If they print too much, they end up breaking a delicate balance, and harming themselves along with everyone else. |
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Hello everyone,
Would anyone like to make a bet, without any escrow or anything, on the direction of the bitcoin price over the next 24 hours?
Anyone who wins against me can give me an address. And I'll TOTALLY send you BTC, and not just abandon this account and laugh at the fact that you made a nonbinding bet and expected me to pay!
Meh, I have a better bet and I really WILL pay, no trolling, no jokes: If in 2020 bitcoin goes to less than $0.01 per, I'll send you 100 bitcoins. If in 2020 bitcoin goes to more than $1000, you pay me 100 bitcoins. |
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While I agree with this, we could also stretch it out to say that using coupons is a waste of time, that waiting for freebies is a waste, doing mail in rebates is a waste, etc. In all of these cases, you could be spending your time on something more valuable. The whole point is to have a relaxed method of earning (or saving), rather than doing "normal" work.
In my experience, you might get 10-20 cents per week from a faucet. Even using your analogy, I would say that spending a week to get a coupon that saves you 10 or 20 cents is not a good use of your time. That being said, I'm guilty of using faucets myself although I just stick with Freebitco.in these days. They might have some limited value for paying transaction fees if you manage to save up enough and withdraw all of it at once, but I still think they're a waste of time. False. Those pennies could be worth hundreds of dollars if it's held onto for a long period of time. 1 - 10 bitcoins used to be given out by faucets when bitcoin was first released.
It's an interesting theoretical exercise but nobody really knows if Bitcoin will reach $1 million or not and the question of whether or not it's a good idea to use faucets is debatable even if you are fairly certain that the BTC price will reach stratospheric levels. I posted an old topic about this very subject almost a year ago and the responses I got were pretty interesting: http://bitcointalk.org/index.php?topic=720087It's also unlikely that Bitcoin will be experiencing the same rate of growth that it had in 2009-2013. As I mentioned previously, going from a $4 million market cap to a $4 billion one is fairly easy. Going from a $4 billion market cap to a $4 trillion one is bloody hard. So you might have to wait decades before your 300 satoshis is enough to buy even a soda. It's not about wasting time. It's kind of fun doing faucets liek freebitcoin. You roll and hope you get something other than the minimum. And when you do, you feel happy. Just because it might not be the highest paying thing ever, doesn't make it bad for bitcoin. |
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Very interesting. I would like to know more about exactly what it is they're trying/planning to do.
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Money is the most important thing, up to a point (enough so that you have a roof over your head, clothes so you won't freeze to death and food so that you won't starve to death).
Money is still very important when you have the above, but are at risk of not having enough if you lose your job or something.
When you don't have to worry about food/shelter/clothes, at that point money is still nice to have, but no longer that important.
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Depends on what stage of your life you're at now. For a recent college grad with maybe 5,000 in savings, putting all of it (or even taking out a small loan) in bitcoin is not that bad. Even if they lose it all, they can earn that money back in a year or less. The downside is limited, but the upside could be huge. Why not make that bet?
But if you're already 40-50, you don't want to sell your house and put it all in bitcoin.
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Why is it rising? Well, if you put too much yeast and wait, and you'll have it rise up and up with many many bubbles inside. Wait too long however, the bubbles will collapse, and you'll end up with some mushy dough.
This is breadtalk.org, right?
If you are saying that BTC crossing $300-$400 might be a bubble and will collapse, I feel that's why you are a newbie... Just learn dude, it was once $30 and came down way back to $5, is it still $5 today??? I think my question's enough to answer you... Sigh, some people are really too sensitive to bears. Being too stubbornly optimistic isn't helpful for bitcoin. Why don't you take a look through my posts? You'll realize that I am quite bullish on bitcoin in general. But no, anything that sounds slightly bearish will be met with ad hominem. |
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Why is it rising? Well, if you put too much yeast and wait, and you'll have it rise up and up with many many bubbles inside. Wait too long however, the bubbles will collapse, and you'll end up with some mushy dough.
This is breadtalk.org, right?
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$5m and live frugally? Over 40 years (assuming I die at 82) that's $2400 a week. That is far from frugal my friend!
Again, I said that "frugal" for an upper-class person. 2400 a week isn't enough for a bottle of $1000 wine per day, for example. Besides, a house in a bigger city like LA, San fran, New york or Vancouver will take a huge chunk out of that 5mil. If you get another vacation house or something in tokyo or somewhere, you're left with half of that money left. And then a car every few years, car insurance, land tax, etc etc etc, yeah. 5 Mil is not a lot. |
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at $2500 I stop working for other people and on my own ideas only.
why not now? Well, I don't have the balls, I guess.
This sucks, I should start working exclusively on my own stuff NOW.
Anyone have an idea how to overcome the fear to do that?
Put a few million dollars in your emergency savings account. |
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The age grouping is really skewed... most of the age brackets are double of 17-25. That doesn't make sense. If it was 17-30, I'd pick that.
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You know what would be funny? If they screwed up with the sending addresses and mistakenly sent 50000 BTC to some random poor fellow. That wouldn't just happen. They've seized the coins and they've gotten this far up to the auction just to send it to a wrong address? One word: pathetic.  Whoever won the auction sure has loads of btc today. Good buy. Even if it happened, it wouldn't be sent to a random poor fellow, it would be sent to an address that will probably never be used, and lost forever. That said, if by some chance it really IS sent to a used address, I'm sure they'd hunt the guy down and make him return the bitcoins. |
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This is an interesting question. I think that currently, bitcoin is for "just a new elite". That said, I think the only way for bitcoin to really take off is for bitcoin to be accessible to everyone.
There are so many obstacles currently for people to obtain a bitcoin, especially if you're not in a really well developed country. I live in Canada, but I'm in China for a few months now. I can't even register in most, if not all exchanges because I don't have a Canadian cellphone number or address right now. It's completely stupid. I'd buy 15k worth of bitcoins, but I can't even do that right now. For bitcoin to succeed, it needs to be easily accessible to everyone. Currently, that's not the case.
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I hope that btc's price stays below $300 for the rest of the year, so I can hodl some. But looks like that won't happen  |
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