And I thought altchains were an out of control laughingstock before...

Guess I'd better start backpedaling...no cake for me



Oh well. The massive value gain in my wallet is an excellent consolation prize.

I believe in Bitcoin as a commodity. As a proper currency, no...the price fluctuates far too rapidly.




Perhaps once the price stabilizes in the future, I will amend this statement.

This is why I started a code review and code fixing service...to help reduce the impact of the overwhelming mass of bad code


And, as a fellow software dev, I see nothing wrong with some well-meaning competition; it forces all of us to step up our skills, thus resulting in better code on the whole, thus resulting in a better ecosystem for everyone. As long as we don't resort to destructive means of competing, of course!

Yeah, this is a layout I can understand and support.



OK, as far as speculation goes, let me start with the most simple question for potential discussion: What gives MSC it's inherent value? Or, putting it more bluntly, "why should I believe this protocol will raise in value"?

This plus the meme-based explanation in your post prior to this one helped my understanding of MSC significantly.


I do like this concept on paper and it would address several of my concerns with Bitcoin. Whether or not it will ultimately be successful, I suppose we shall see...allow me to backpedal and apologize for some of my earlier remarks now

And being condescending interblag forums will help save humanity and free us from enslavement from the big banks and then we can all sit in a circle and sing Kumbaya, amirite? You could explain why moving it to the altcoin forum is a bad idea rather than being a prick, but I suppose that would be too easy. And not involve a Moral High Horse +3/+3.



2 minutes of poking around on Google netted me the following explanation of Mastercoin from Reddit: "The Mastercoin protocol layer mediates between the existing bitcoin protocol and users-generated currencies. It is intended to be a base upon which anyone can build their own currency."

At the risk of sounding obtuse, I don't see how this doesn't relate directly to altchains; this allows users to build their own currencies based on the Bitcoin protocol, correct? Which would by definition make them alternative cryptocurrencies? Perhaps I have misunderstood and/or this description is inadequate.





EDit:

Pretty much this. If MSC is a protocol and not a "proper" cryptocurrency, why put the word "coin" in its name at all?

Spoiler alert: It's just another crapcoin made by people who didn't strike it rich on Bitcoin. There have literally been dozens, and I'm sure we'll see dozens more long after GLD is forgotten.



On topic. The "best" way is highly subjective. Best for you is to set up something really low-maintenance and watch your money grow by itself...secure loans, bonds, whatever.

Best for the community, on the other hand, would be to take the 2 BTC and invest it in a new service - whether your own or a young service you think has potential. Then reap the dividends later if and when it succeeds. Keeping a virtuous cycle like this going can be highly lucrative and (most importantly) helps promote the usage of BTC as a proper medium of exchange.

Good luck with the effort! Sent a small donation over. https://blockchain.info/address/1THRF26KAsDDLh1JyWB5Hbm5mYgN6LwZt




First and biggest suggestion for the main site: When the send address is in ALLCAPS, it does not register as a valid address for me. Would recommend fixing that first, then fleshing out the rest of the content so it's easier to donate.

Look in the "services" section of the subforum; there are a LOT of people (myself included) who offer coding/code review/code cleanup services for BTC.


That's not to discourage your or anything; merely saying it's been done. But new coders are always welcome...provided you don't write shitty code of course

*popcorn*
*lawnchair*

+1 from me as well. Keep the latest flavor-of-the-monthcoins in the appropriate subform.

Edit: I'm freakin' brilliant and didn't read the OP. HKD, since it's a business haven.

This. I thought most college funds weren't touch-able until you hit a certain age...



On bitcoin price rises: I'm personally bearish and think this recent pop-up over $300 will come crashing down soon. We'll probably see the price consistently rise in the next year though, but I'm not sure about the next 5. Best of luck to you.


On college: If you plan to become some kind of business hot-shot, having a degree in hand gives you a huge leg up. Even if its only for networking opportunities. Just my 2 satoshis. Also, just don't go majoring in liberal arts or some crap that won't actually get you hired.

Because hyped growth is always sustainable right?

Call me a pessimist but I have trouble believing that Bitcoin will continue this meteoric rise in value.

Basically how the crash back in April went down (I wasn't around for the first major crash). The remarkably steep slope in the price increase has me convinced this isn't sustainable growth, so we'll be seeing a major correction soon.

Methinks we'll see a mass sell-off within the next week, judging by historical data. Top will be ~$400 USD then we'll see it drop to just over $100 again.



Me too.

Title needs to be amended: Bitcoin could be worth 100x more than today...if you trust the Winklevii.



That's a pretty big "gotcha".

Obligatory:

via Imgflip Meme Maker

Reporting back in to say my withdrawal went through fine. They must have been backlogged by requests the other day.


At least my funds are safe. Still a sad day though