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A website and some pretty renders are all I see. This is a smokescreen.
There are so many options that actually exist now there is no reason to have blind faith in a "company" that has shown nothing of itself to the community. This is probably by the same jokers behind Cryoniks.
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So much for a "decentralized" coin.
I appreciate the technical work, but images like these challenge my confidence in Bitcoin.
The ownership is distributed, you can buy a seat on the board today, and share in the profits. (The shares are publicly trained) Who cares whether "ownership" is distributed? What matters to the long term viability of Bitcoin is whether a government or some other bad actor could take over one or a few mining operations to gain control of the network. It is extremely unlikely and expensive to maintain 51% of the network. AM isn't even 5th in terms of total network hashrate, so we can probably relax, though it would be large for a private mine. The big ones on the list are large pools. Really cool post thanks op! |
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Yeah, stupid Bitcoin just keeps going up month after month since the genesis block, not worth it anymore  |
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I like where he said "derp derp, derpity derp, derp derp derrpp"
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My take on the whole thing is that they are still in a period of simply trying to understand what digital currencies are and what it means for them. The lack of regulation thus far is only a testament to the simple fact that cryptocurrencies cannot be easily regulated at all. Many of them had no easy answer to the tough questions, and probably never will.
And as was made a very sharp point, attempting to regulate Bitcoin in the world stage might mean America gets excluded from the party as businesses simply move out of the US entirely to countries that favor or at least don't regulate digital currencies. They must consider this, as noted being the country that favors heavy regulation and red tape will find itself left behind. In many ways the US is already.
The powerful tend to want to remain powerful, as has been through all of history. Bitcoin is not yet a real threat to major banks and government financial institutions, so while they attempt to understand Bitcoin they are only postponing further action in place of a watchful eye, for now. All we can do in the face of that is keep on making Bitcoin bigger and badder, and we will face the challenges to come.
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Why even bother with this without a damn thing to show?
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Be careful you dont step in the bullshit |
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This was a point I had to make to my parents that you don't have to purchase the entire coin.
But it is our job to educate those around us. You are confronting a fiat-oriented mind as that is all they have known. The concepts of Bitcoin's 8 decimal division is very foreign to accept, thinking of "1 Bitcoin" as a whole, unalterable unit, when really the denomination means nothing in a digital currency beyond a measure of 100 Million satoshi's. Plus there is a bias that decimals=small, as a decimal amount of 1 Dollar is a small amount, where in Bitcoin .1 BTC is actually a lot.
Shifting financial paradigms is never easy
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Why would the NWO want a currency that they don't control.
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Bitcoin is not a bubble, because Bitcoin is not simply an asset like gold or other kind of purely speculative financial instrument like derivatives and stocks. It can enter a state of mini-speculation bubbles that will correct naturally, and this is what we are indeed seeing. Anyone calling "tulip mania" clearly does not understand the fundamentals of the Bitcoin protocol. This is an entirely new financial system from end to end that is taking root in the real world in a viral way, moving out of the garage and into serious business. April's crash was largely due to the simple fact that MT.Gox, carrying 80% of all BTC trade ON EARTH collapsed under the weight of so much new trade traffic, naturally causing a mass desertion when it came back online. Would you keep your fortune in there after that? The surge was largely speculative, sure, but it wasn't the speculation that crashed the price, Gox and its incompetence did. THe Bitcoin sphere has grown a lot since then, many new exchanges now larger than Mt.Gox, new payment systems, mass media exposure that only increases with the market price, and so on. This is a very different situation now. It will never crash on that level ever again I think (though never say never). You can see on the charts that the volumes around April are now substantially higher than the averages now on Mt.Gox as it is no longer the only big exchange. Mt.Gox started lagging horrendously 2 weeks ago, to which the rest of the worlds exchanges shrugged and moved on.
I also wonder what happens to an item that has first, a finite supply (21 million total) and second, becomes incrementally more difficult to produce as time goes on (mining)? I can't help but believe the price will increase as we approach these two facts.
As the saying goes "The trend is your friend, until it isn't" :-)
Bitcoins total coin supply may be 21 Million, but each coin's wealth can be infinitely divided by simply moving the decimal over a place, which is already built into the protocol if needed someday. Really "1 Bitcoin" is a formality, as each is really 100 Million satoshis. The entire Bitcoin economy could theoretically still function even if there was just 1 coin left. Not to say that is practical, but possible. One cannot think of Bitcoin in a fiat mindset, it works very differently than fiat money does. |
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6000 * 500 $ = 3 000 000 $  that enough for build new forum from zero ?  This would be enough to develop an entirely new forum platform, by an entirely new company... |
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I'm going to need a little more evidence than "My dad told me"...
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Anyone who still gives money to these scammers deserves everything they get, you have been warned! |
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This time around is not a bubble. Bitcoin will have mini-bubbles time to time from rapid upward momentum, but the economy is sound enough to support this new price. April was a combination of rampant speculation followed by Mt.Gox's trade engine buckling under the weight of the sudden volume, causing an equally large panic and collapse to $50, and leveling off at $100. Since then- BTCChina has taken over the top spot in volume, Mt.Gox is no longer the central exchange. Gox again started having issues this rally, but BTCChina held up the price, BTC shrugged and kept going. No flash crash to be seen (aside an expected correction, and from there to new all time highs again) BTC is nearing a $5 Billion cap. April saw $1 Billion after 4 years. We saw it go from $2 Billion (6 months from April) to nearly $5 Billion in 90 days. The chart has gone parabolic, we might see $10 Billion by the end of the year. Payment gateways and ease of use is increasing greatly. Global deployment of local Bitcoin ATMs further diversifying the exchange net Adoption by very large companies, and lots and lots of small ones tired of being gouged by the failing fiat economy. All those that said "Bitcoin is dead!" in April have been 110% silenced. Media exposure this time has been much, much more positive than April. SR shutdown scrubbed Bitcoins filthy image from the public eye (despite it not really mattering as SR replacements, and SR itself, returned ), which BTC barely reacted to price-wise. BTC is becoming a real currency and money to the public. Overall enthusiasm and momentum is increasing rapidly. The mining network has been converted from a bunch of fire-hazard looking GPU and FPGA rigs to professional grade mining gear. It has yet to be seen, but we may be seeing the early days of the exponential rise of Bitcoin. I do see this all to mean a state of critical mass, world adoption is accelerating at a breakneck pace. Nowhere near the end at all to be sure. 2013 was the real Year of Bitcoin, moving from the plaything of tech enthusiasts and hobbyists to serious business and market penetration. And I for one couldn't be happier to be a part of it  |
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Yeah...how about some proof that anything you are saying is true.
And some details
And description of payment methods
And refund policy
And...get the point?
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ROI =/= breakeven as most seem to use it around here.
ROI means you made any positive gain from your investment and does not relate to breaking even with your original investment, though breaking even and entering net positive returns is obviously the desirable scenario.
Every miner bought that generates even a single satoshi is producing ROI at that point. Whether the returns can outpace difficulty is the question to break even on that hardware and produce a net positive return in a reasonable amount of time.
In the grand scale of things this difference isn't really that important I suppose, but if you mean breakeven, just say breakeven. Your miners ROI from the first accepted hash.
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lol well i tend to think my forecast of $400 by the end of the year will be quite conservative.
At this rate it will be $400 by days end tomorrow Gox hit $320 a minute ago  |
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Well the RIAA campaign to end other distributed technologies went entirely in their favor... |
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