Suppose, you have equipment to produce ASICs. Why would you want to sell those ASICs to anybody instead of mining bitcoins and other coins yourself? Is mining such an unprofitable thing? Why buy a big mac at McDonald's? Why not just make yourslef a burger and keep all the profits? If you want to kill yourself, yes you should make burgers and eat them all every day.  |
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Double this.
These charts are horrible. Nothing explained in legend, no captions, many even do not have axis labels. If you present this kind of chart to scientific journal, you'll be kicked off.
See the WTF? button at the top right. Ok, I see, thanks a lot. |
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Double this.
These charts are horrible. Nothing explained in legend, no captions, many even do not have axis labels. If you present this kind of chart to scientific journal, you'll be kicked off.
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Let`s say here on bitcoin talk huge community will shut down mining ?
I guess, you will be able to hack blockchain with your desktop in this case. Do not miss an opportunity to leave those richest bitcoin addresses with naked ass.  |
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Do not worry, he has a good chance to go homeless soon  |
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You've got me pegged 'tysat' would you be so kind as to point me to a link where I can educate myself ?
Check bitcoin wiki, plenty of useful information there. Also, guy with nick DannyHamilton on this forum provides a lot of info, check his posts. |
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I am very interested in such service and I would like to have possibility to call between US-Russia-Ukrain on phones cheaper than Globalphone and to do Internet video calls better than Skype.
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This. Encrypted money. This is why Bitcoin is worth a trillion dollars.
And how many apples does bitcoin worth? 2.346 Proof, please?  |
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This. Encrypted money. This is why Bitcoin is worth a trillion dollars.
And how many apples does bitcoin worth? |
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Jews vote democratic. 78% of jews voted for Obama.
Jews != Israelis |
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The Israelis are going to get Obama out of office not matter the cost.
It might be cheaper for them to buy a bitch which will suck his dick in his Office. |
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> At what point would you say is too high to buy?
Right now, if you do not need bitcoins to pay for something.
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OP, you suggest to call half full glass half empty, nothing more. WTFD between counting money in millions or 1/millions?
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I don't say bitcoin will collapse, no. Price will.
Price will collapse but not now and not when 15.000 new user are waiting by Mt Gox for verification. They all need bitcoins and are eager to buy some coins regardless of how much will be the market price which will be pushed by them higher and higher. or they need to withdraw doesnt say shit this queue # Or they don't want to withdraw now, but want to be able to do it fast in the future. |
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OP, you are reading my thoughts. Disagree only with the last sentence. Although bitcoin is really amazing technology, I would not say that this is the most important thing on the planet.
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Early adopters are going to get rich because late adopters are going to loose money.
I really wish that people would stop talking about loosing money. I, for one, intend to tighten my money. If it gets loose I'll use some duct tape. Thanks for correction. English is not my first language, and this is were spell checker does not help. |
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Why?
Because it will crash as soon as newcomers will stop bringing their money into system. It will not stabilize, but crash. This system was not intended to be a pyramid, but it acts like a pyramid. Early adopters are going to get rich because late adopters are going to lose money. |
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I see his point though, I read it wrong. It was that last sentence that threw me off, which is %100 incorrect.
I wrote it based on my experience. When I learned about bitcoins several month ago, I got a couple of BTC to test the technology. Technology is a piece of cake, but since then I did not find any use for my btc yet, except wasting some mbtc in online casino. If you think that bitcoin is good for storage of wealth your are 100% wrong for a reason I mentioned above. |
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Why are people so worried about people "hoarding" bitcoins?
The problem is that wealth can not appear from nothing. Those who bought bitcoins for $1 a year ago can buy a porsche or yacht today just because those who want to adopt bitcoins today pay for it. And those who buy bitcoins today think that they will be able to buy a porsche with yacht next year, because somebody else will pay for it. An this is not going to continue forever. At some point this scheme will leave many bitcoin supporters broken. And, you know, greedy fools deserve it. Bad thing is that until hoarders get punished, this wonderful technology stays pretty much unusable. |
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Being a huge fan of open source, non-government bitcoin-like intiatives, this whole 'bubble' stuff worries me a lot.
Me too. Wouldn't it be so much better if noone cared what a bitcoin is worth in fiat currency? F*ck exchanges f*ck this bubble.
It would be easy to evaluate bitcoins using some commonly used world wide commodity, like electricity, but how would you distribute them in this case? Pay miners electric bill in exchange for bitcoins? |
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