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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 508266 times)
tvbcof
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August 03, 2012, 08:39:37 PM
 #121

I completely agree with proudhon. I'm not buying any more bitcoins until this nonsense has calmed down. Speculation and get-rich-quickers are driving this rally. People already into bitcoin are just buying more of it, mindlessly.

I'm one of those people and I'm not buying Bitcoin.  The reason in my case is that I bought all I wanted as the price went from $16 -> $2 and am perfectly happy with the amount that I control.

There is a decent possibility that Bitcoin could be worth a _lot_ in some scenarios.  If I didn't have a sizable stash I would probably be a moderate buyer at these levels.  If (and it is not a given) Bitcoin realizes it's potential the only thing which would suck worse that not knowing it exists would be to have know that it exists and understood it and missed the boat anyway.

Another factor to consider is that, by accident or design...and possibly some combination...it has proven cumbersome, time consuming, and expensive to obtain BTC in exchange for USD.  The exchanges that have managed to stick around have had their share of mainstream banking hassles, security problems, and who knows what kinds of other internal pressures.  I think it quite possible that were there another significant price rise of BTC, there may be a corresponding increase in difficulty and danger in obtaining control of them.  That paranoia, although so far unfounded, existed in my mind a year ago and induced me to expedite my acquisition of BTC.  At this point I've no complaints however since I am deeply in the black these days.


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illpoet
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August 03, 2012, 08:54:51 PM
 #122

2 chicks.

Tym's Get Rich Slow scheme: plse send .00001 to
btc: 1DKRaNUnMQkeby6Dk1d8e6fRczSrTEhd8p ltc: LV4Udu7x9aLs28MoMCzsvVGKJbSmrHESnt
thank you.
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August 03, 2012, 09:00:47 PM
 #123

I guess the early bitcoiners who manages to survive the hack and theft and scams are the 1%ers.

paulie_w
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August 03, 2012, 10:32:27 PM
 #124

please god let it go back to $2
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August 03, 2012, 11:39:33 PM
 #125

please god let it go back to $2

Lol, I don't even know why people say this.

If it did crash straight to $2 they'd be freaking out about the end of bitcoin just like last time, probably for good reason this time and wouldn't buy anyway.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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August 03, 2012, 11:39:57 PM
 #126

please god let it go back to $2
Hopefully not. Get your bitcoin now before it will get unaffordable to buy a single one.

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August 03, 2012, 11:40:56 PM
 #127

the USA will get rid of all bitcoins. Don't be so naive.

Who's being naive here? Are you claiming the US government has the power to eliminate the entire Bitcoin network?

Will they use the same methods that they've used to eliminate drugs and terrorism? ROFL.

There r a lot of ways. I would choose to mimic a bitcoin client to collect IP addresses and DDoS them one by one, day by day. No need to eliminate ENTIRE network. Bring down part of the net to make BTC price go below the floor. Fortunatelly in a couple of years the blockchain will be too huge for usual computers, so I don't need to spend a lot of money to eliminate millions hosts, only few hundred ones.


The world just isn't going to be the same and we have been blessed as the pioneers.

Nah, man. Before BTC hits $1000 price, the USA will get rid of all bitcoins. Don't be so naive.

The USA cant even get rid of a few guys hiding in the desert.

U can't even get rid of a fly hiding in ur room.
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August 03, 2012, 11:43:53 PM
 #128

USA!!!  USA!!  USA?
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August 04, 2012, 02:26:55 AM
 #129

While I share the belief that bitcoin or something very like it will play a major role in the future, I think the road there is going to be a lot rougher.

I imagine we will see a huge boom then a bust, after that those who stick around will build the meaning full economy that will allow bitcoin or its successor to dominate.

I don't care about the busts. I am riding this pig wherever it takes me. If it tanks, I'll have a helluva story to tell. I'm sick of half measures. I'm swinging for the fences and If I strike out, so be it.  I won't be some mediocre drone living a life of quiet desperation. I believe in bitcoin and I'm going for broke, knowing the risks.  

Amen, brother.  Whatever will be, will be.  When we get to whatever end, I'll be right there too.

me too!
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August 04, 2012, 02:38:15 AM
 #130

While I share the belief that bitcoin or something very like it will play a major role in the future, I think the road there is going to be a lot rougher.

I imagine we will see a huge boom then a bust, after that those who stick around will build the meaning full economy that will allow bitcoin or its successor to dominate.

I don't care about the busts. I am riding this pig wherever it takes me. If it tanks, I'll have a helluva story to tell. I'm sick of half measures. I'm swinging for the fences and If I strike out, so be it.  I won't be some mediocre drone living a life of quiet desperation. I believe in bitcoin and I'm going for broke, knowing the risks.  

Amen, brother.  Whatever will be, will be.  When we get to whatever end, I'll be right there too.

me too!

I'm riding the mediocre express... I got my BTC early, mostly for CPU mining for a few weeks, and have been an interested observer...I don't have enough to get rich (well, unless they shoot up to a few thousand a piece), but I don't have a lot of extra cash to risk. I'll get a real job soon enough...and perhaps them I'll think about investing...if it's not too late!

My very own Casascius Bearer Bar: 1GCDzqmX2Cf513E8NeThNHxiYEivU1Chhe
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August 04, 2012, 02:44:34 AM
 #131

the USA will get rid of all bitcoins. Don't be so naive.

Who's being naive here? Are you claiming the US government has the power to eliminate the entire Bitcoin network?

Will they use the same methods that they've used to eliminate drugs and terrorism? ROFL.

There r a lot of ways. I would choose to mimic a bitcoin client to collect IP addresses and DDoS them one by one, day by day. No need to eliminate ENTIRE network. Bring down part of the net to make BTC price go below the floor. Fortunatelly in a couple of years the blockchain will be too huge for usual computers, so I don't need to spend a lot of money to eliminate millions hosts, only few hundred ones.


The world just isn't going to be the same and we have been blessed as the pioneers.

Nah, man. Before BTC hits $1000 price, the USA will get rid of all bitcoins. Don't be so naive.

The USA cant even get rid of a few guys hiding in the desert.

U can't even get rid of a fly hiding in ur room.

I think it is as hard to get rid of Bitcoin than Torrent. DDOS'ing each client would be illegal and would flood legitimate network too. But I might be wrong.

The easiest way to get rid of Bitcoin would be to outlaw wire to exchange and let the banking system do the filtering. Then we will see new third party proxying or "laundering" the money flow for exorbitant fees. It would keep Bitcoin from being massively adopted.
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August 04, 2012, 07:05:42 AM
 #132

DDOS'ing each client would be illegal...

 Grin The USA won't care if its illegal. They set their own laws.
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August 04, 2012, 07:22:24 AM
 #133

DDOS'ing each client would be illegal...

 Grin The USA won't care if its illegal. They set their own laws.

USA /= Rest of world.


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August 04, 2012, 09:17:16 AM
 #134

I'm curious how many other people like me were folding@home or doing other "free" things with their GPUs or CPUs and now mine. I merely watch, hoard, and exchange my merged mined NMC for BTC. I was already paying for the electricity to fold, so for me anything at all is a bonus.

That being said, I am interested in selling, in person, BTC soon. Just to get a taste of the fact that these BTC do have some real world money value.

donations BTC: 1CaCwo4xneTqTLEdomW76Cg5NteZyvXi1c
donations LTC: LTcasvjtLuN92ks1Pc1qtkvE9PswsXEbev
bg002h
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August 04, 2012, 07:27:36 PM
 #135

I'm curious how many other people like me were folding@home or doing other "free" things with their GPUs or CPUs and now mine. I merely watch, hoard, and exchange my merged mined NMC for BTC. I was already paying for the electricity to fold, so for me anything at all is a bonus.

That being said, I am interested in selling, in person, BTC soon. Just to get a taste of the fact that these BTC do have some real world money value.

How many Bitcoiners live within a short drive of another Bitcoiner? I don't.

My very own Casascius Bearer Bar: 1GCDzqmX2Cf513E8NeThNHxiYEivU1Chhe
MoonShadow
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August 04, 2012, 08:41:43 PM
 #136

I'm curious how many other people like me were folding@home or doing other "free" things with their GPUs or CPUs and now mine. I merely watch, hoard, and exchange my merged mined NMC for BTC. I was already paying for the electricity to fold, so for me anything at all is a bonus.

That being said, I am interested in selling, in person, BTC soon. Just to get a taste of the fact that these BTC do have some real world money value.

How many Bitcoiners live within a short drive of another Bitcoiner? I don't.

Not counting those I introduced to bitcoin myself?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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August 04, 2012, 08:50:02 PM
 #137

If (and it is not a given) Bitcoin realizes it's potential the only thing which would suck worse that not knowing it exists would be to have know that it exists and understood it and missed the boat anyway.
This x 1000.

I feel I didn't act quick enough when I first found out about Bitcoin. Now I hope I'm making up for lost time.

The potential rewards are so great that if I lose a few £1000 on this I don't think I will regret it.






bg002h
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August 04, 2012, 09:10:50 PM
 #138

I'm curious how many other people like me were folding@home or doing other "free" things with their GPUs or CPUs and now mine. I merely watch, hoard, and exchange my merged mined NMC for BTC. I was already paying for the electricity to fold, so for me anything at all is a bonus.

That being said, I am interested in selling, in person, BTC soon. Just to get a taste of the fact that these BTC do have some real world money value.

How many Bitcoiners live within a short drive of another Bitcoiner? I don't.

Not counting those I introduced to bitcoin myself?
We need a Bitcoiner population density map...

My very own Casascius Bearer Bar: 1GCDzqmX2Cf513E8NeThNHxiYEivU1Chhe
Gabi
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August 04, 2012, 09:23:05 PM
 #139

I'm curious how many other people like me were folding@home or doing other "free" things with their GPUs or CPUs and now mine. I merely watch, hoard, and exchange my merged mined NMC for BTC. I was already paying for the electricity to fold, so for me anything at all is a bonus
I'm one of that people, but not on folding  Cheesy ATI aren't good for folding!
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August 04, 2012, 11:25:40 PM
 #140

I'm curious how many other people like me were folding@home or doing other "free" things with their GPUs or CPUs and now mine. I merely watch, hoard, and exchange my merged mined NMC for BTC. I was already paying for the electricity to fold, so for me anything at all is a bonus.

That being said, I am interested in selling, in person, BTC soon. Just to get a taste of the fact that these BTC do have some real world money value.

How many Bitcoiners live within a short drive of another Bitcoiner? I don't.

Not counting those I introduced to bitcoin myself?
We need a Bitcoiner population density map...
You can use this:
http://blockchain.info/unconfirmed-transactions

It gives a good idea.

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