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1601  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DECENT Announcement - Decentralizing Content Distribution on: August 26, 2016, 06:34:27 PM
I am still wondering whether there is going to be any feature to prevent child pornography. Or doesn't anybody give a damn about it?
1602  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: August 26, 2016, 06:16:56 PM
As long as you diversify, it is okay to hold BTC and forget its price.
1603  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: August 26, 2016, 04:48:09 PM
Due to its inflation and high risk, I don't personnally recommend. In case you really insisted, you should have a 1% exposure, at most. Not more.
1604  Economy / Economics / Re: Big Crash coming on: August 26, 2016, 04:35:43 PM
Low rates lead to highly speculative decisions. This is a bomb being armed. I believe FED and other central banks are well aware of that.
1605  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: August 26, 2016, 04:20:35 PM
Inflation is bitcoin supply is quite high, and will increase for the next years to come. Supply of money is also a matter of velocity, or speed, of money flows. Keep that in mind.
1606  Bitcoin / Bitcoin Discussion / Re: Cyrpto vs Fiat on: August 26, 2016, 04:07:31 PM
Today, fiat are generally accepted, while cryptos are not. On the other hand, cryptos have some good properties as well, so they are not perfect substitutes.
1607  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN/DISCUSSION][COMPANY] Firstblood.io - A Decentralized eSports Platform Based on: August 26, 2016, 03:56:11 PM
It was not clear to me how you are going to ensure this ETH/FBT 1:100 ratio. Is it going to be like a put? I mean: anyone with 100 FBT would have the right to exchange it for 1 ETH? If so, who would be the counterparty?
1608  Other / Off-topic / Re: Will you accept bitcoin as your salary? on: August 26, 2016, 02:46:05 PM
Bitcoin is not liquid enough. I would prefer cash, or a value higher enough to convert it to cash and don't suffer losses overall.
1609  Other / Politics & Society / Re: Do you also think that USA is the biggest plague of the world? on: August 26, 2016, 02:33:17 PM
Envy is the biggest plague of the world.
1610  Economy / Economics / Re: If bitcoin price is $10.000, will fiat be worthless? on: August 26, 2016, 02:21:20 PM
Two possibilities:

According to James Rickards, gold is going to be worth $10,000 an ounce of gold (today USD 1.3k). If Bitcoin reaches $10,000, I'd say the catastrophe would be even bigger. Fiat almost worthless.

OR

The financial bubble we are experiencing today gets so big that bitcoin 16-folds its current price, and the same happens to every other asset (not necessarily in the same magnitude. Fiat almost worthless.

Final result: Yes, fiat would be worthless.
1611  Other / Off-topic / Re: What will you do if you own 21 BTC? on: August 26, 2016, 02:08:46 PM
I might be shorting it for a while until I have more BTC (worth the same in US Dollars).
1612  Economy / Economics / Re: What is your best investment strategy? on: August 26, 2016, 02:01:21 PM
I prefer long term strategies. I am currently shorting btc. I will do that until I run out of btc or until I believe the price is sufficiently low to attract more buyers.
1613  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: August 26, 2016, 01:53:15 PM
I believe the velocity of money (btc in this case) matters here. Today it is extremely slow, since its usage is minimum.
1614  Bitcoin / Press / Re: [2016-08-25]China Issues Harsh Regulations For Peer-to-peer Lending on: August 26, 2016, 03:19:07 AM
Policymakers are protecting banks... Lots of money involved on this decision...
1615  Bitcoin / Bitcoin Discussion / Re: If Bitcoin moved above $10,000 USD per coin what would you do? on: August 26, 2016, 03:05:52 AM
Bitcoin would be worth an ounce of gold (today USD 1.3k, but predicted to be at USD 10k by James Rickards). I would be buying farmlands. Why? If it happened, I would be in a world where the USD is much depreciated and means almost nothing. A total catastrophe.
1616  Other / Off-topic / Re: Are you buying bitcoins? Why? on: August 26, 2016, 02:46:35 AM
I bought some bitcoins in order to be able to have some guarantee at OKCoin and open a big short position. When I get enough profit (whatever that means), I will buy other cryptos with all those bitcoins. Pure gambling... I know!
1617  Other / Off-topic / Re: What do you do with your btc? on: August 26, 2016, 02:36:08 AM
Some btc I use in loans at btcjam. Other part I use as margin to short at OKCoin for a while (short term position). Eventually, I use some to buy other cryptos. For now, no real use, but maybe in the future, hopefully  Cheesy

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