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AtheistAKASaneBrain
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January 23, 2015, 06:20:36 PM |
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I really don't understand the whole tulip-bitcoin parallelism.
Bitcoin is like gold, there's a limited supply.
While tulips would be like fiat, you can print (plant) more.
They are coping mechanists that missed the BTC boat and now that a new opportunity arises they are too scared to invest. Their copying mechanism are screaming the obligatory "omg, tulps" or "beannie babiess lol" crap. |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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NotLambchop
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January 23, 2015, 06:49:12 PM |
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I really don't understand the whole tulip-bitcoin parallelism.
Bitcoin is like gold, there's a limited supply.
While tulips would be like fiat, you can print (plant) more.
How do you think all the coins came into being, if not "printing [mining] more"? Bitcoin is being "printed" at a hefty rate of 10% extra coinz per year. If that's not enough, Bitcoin could be forked to make *any* number of coins. No harder than [already proposed] fix for 7 transactions per second limit. |
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RodeoX
Legendary
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Activity: 3066
Merit: 1147
The revolution will be monetized!
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January 23, 2015, 06:49:38 PM |
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I really don't understand the whole tulip-bitcoin parallelism.
Bitcoin is like gold, there's a limited supply.
While tulips would be like fiat, you can print (plant) more.
Sounds to me like you do understand.  |
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inca
Legendary
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Activity: 1176
Merit: 1000
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January 23, 2015, 06:57:47 PM |
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How do you think all the coins came into being, if not "printing [mining] more"?
Bitcoin is being "printed" at a hefty rate of 10% extra coinz per year.
If that's not enough, Bitcoin could be forked to make *any* number of coins. No harder than [already proposed] fix for 7 transactions per second limit.
Now it is 'hefty' 10% inflation. In 2016 it is a 'hefty' 5%. In 2020 it is a 'hefty' 2.5%'. In 2024 it is a 'hefty' 1.25%. Inflation wasn't a problem in 2009, nor is it a problem now. It is simply a method of coin distribution. I could fork the bitcoin blockchain and make a maximum number of coins of 16 million instead. But as you know, no one would mine it or accept it. You sound like you are giving up NLC. When to buy in? Have I missed the bottom? It is probably eating you up inside because you know the moment has been and passed you by. |
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NotLambchop
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January 23, 2015, 07:20:15 PM
Last edit: January 23, 2015, 07:30:46 PM by NotLambchop |
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How do you think all the coins came into being, if not "printing [mining] more"?
Bitcoin is being "printed" at a hefty rate of 10% extra coinz per year.
If that's not enough, Bitcoin could be forked to make *any* number of coins. No harder than [already proposed] fix for 7 transactions per second limit.
Now it is 'hefty' 10% inflation. In 2016 it is a 'hefty' 5%. In 2020 it is a 'hefty' 2.5%'. In 2024 it is a 'hefty' 1.25%. Inflation wasn't a problem in 2009, nor is it a problem now. It is simply a method of coin distribution. I could fork the bitcoin blockchain and make a maximum number of coins of 16 million instead. But as you know, no one would mine it or accept it. If you simultaneously increased block reward, I'm sure the miners would be all over that shit  You sound like you are giving up NLC. When to buy in? Have I missed the bottom? It is probably eating you up inside because you know the moment has been and passed you by.
Not giving up as much as getting bored. The price continues to tank, you bulls have long proven yourselves utterly uneducable, & your [once funny but now simply pathetic] antics are just not worth the effort  Edit: BTW, new technology is popping up all over. SR3 is supposedly relying on "I2p anonymous network" (see Fig. 1 for implementation detail), and no longer dealing with BTC exclusively, choosing instead to go "with several altcoin currencies."  |
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rosh
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January 25, 2015, 05:43:58 AM |
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I hear this a lot
Tulips -- Ponzi -- Bitcoin
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Brewins
Legendary
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Activity: 1120
Merit: 1000
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January 25, 2015, 07:14:11 AM |
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I really don't understand the whole tulip-bitcoin parallelism.
Bitcoin is like gold, there's a limited supply.
While tulips would be like fiat, you can print (plant) more.
How do you think all the coins came into being, if not "printing [mining] more"? Bitcoin is being "printed" at a hefty rate of 10% extra coinz per year. If that's not enough, Bitcoin could be forked to make *any* number of coins. No harder than [already proposed] fix for 7 transactions per second limit. Bitcoin can be forked to X in the same way that you can fork the IP protocol with no efford. It would destroy the network because not everyone would accept the fork and people would not be able to communicate with each other |
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JimboToronto
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You're never too old to think young.
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January 25, 2015, 08:12:00 AM |
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Erdogan
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Activity: 1512
Merit: 1005
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January 25, 2015, 12:20:46 PM |
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That tulip story have really got too much attention. It can not possibly have been the first bubble. The world is big.
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picolo
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January 25, 2015, 01:35:40 PM |
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That tulip story have really got too much attention. It can not possibly have been the first bubble. The world is big.
It was a huge bubble for a worthless security. Nothing like Bitcoin. |
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vvv8
Member
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Activity: 420
Merit: 10
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March 30, 2015, 12:52:03 AM |
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I really don't understand the whole tulip-bitcoin parallelism.
Bitcoin is like gold, there's a limited supply.
While tulips would be like fiat, you can print (plant) more.
ahahahahahahaha @OP You got owned. How the fuck would you ever counter that? ROFL Tulip analogy down the toilet  |
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Nrcewker
Copper Member
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Activity: 2170
Merit: 536
Building my own Dreams!
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March 30, 2015, 04:17:18 AM |
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Bitcoins are not for storage of wealth, yes, but symbol and scale
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PeterB
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March 30, 2015, 05:33:02 AM |
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Bitcoins are not for storage of wealth, yes, but symbol and scale
Why can't bitcoins be for wealth storage? |
Mine bitcoins with you mind! Play poker at Seals with Clubs! Now with mixed games, stud games, and multiple variants of OFC! These games are not offered on any other bitcoin poker site! Sign up with me, PeterB, as your referral and I can help you with eBooks, strategy and more! PM me for more details. |
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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March 30, 2015, 04:41:04 PM |
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Never heard about that story, where can I read more about it?  |
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afbitcoins
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Activity: 2100
Merit: 1061
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March 30, 2015, 04:45:34 PM |
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and the end of this story is, that holland is the world leader in flowers today  ! thats the part most people dont tell. + 1 was going to say that too. |
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