Bitcoin Forum
November 21, 2017, 06:50:13 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 [116] 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 ... 197 »
  Print  
Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 608395 times)
picolo
Hero Member
*****
Offline Offline

Activity: 756


🌟ATLANT ICO 24hr LEFT🌟


View Profile
December 16, 2014, 11:04:57 PM
 #2301

I am not very 'wealthy' or 'elite' these days, but the future could still be bright. Set exciting goals and never give up.   Smiley

Having 20-50BTC will be enough to feel like you made a good investment when the price will jump. It obviously all depends on your standard of livings but tens of BTC will be enough to feel good if you are middle class in a first world country Wink

Not with the current price, and most definitely while it isn't accepted at "your local grocery store".

I was saying 20-50BTC is enough to feel a bit wealthier WHEN the price will go up to 2000$ +

1511247013
Hero Member
*
Offline Offline

Posts: 1511247013

View Profile Personal Message (Offline)

Ignore
1511247013
Reply with quote  #2

1511247013
Report to moderator
1511247013
Hero Member
*
Offline Offline

Posts: 1511247013

View Profile Personal Message (Offline)

Ignore
1511247013
Reply with quote  #2

1511247013
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511247013
Hero Member
*
Offline Offline

Posts: 1511247013

View Profile Personal Message (Offline)

Ignore
1511247013
Reply with quote  #2

1511247013
Report to moderator
notbatman
Legendary
*
Offline Offline

Activity: 1386



View Profile
December 17, 2014, 02:02:05 AM
 #2302

I am not very 'wealthy' or 'elite' these days, but the future could still be bright. Set exciting goals and never give up.   Smiley

Having 20-50BTC will be enough to feel like you made a good investment when the price will jump. It obviously all depends on your standard of livings but tens of BTC will be enough to feel good if you are middle class in a first world country Wink

Not with the current price, and most definitely while it isn't accepted at "your local grocery store".

An alt-coin will be accepted at the local grocery store first as Bitcoin's 10 min confirmation time makes it inappropriate for brick & mortar applications other than large purchases. People need to keep in mind that Bitcoin was designed for transactions that are online or between geographically separated parties.
Dafar
Legendary
*
Offline Offline

Activity: 1330


dafar consulting


View Profile
December 17, 2014, 02:38:11 AM
 #2303

I am not very 'wealthy' or 'elite' these days, but the future could still be bright. Set exciting goals and never give up.   Smiley

Having 20-50BTC will be enough to feel like you made a good investment when the price will jump. It obviously all depends on your standard of livings but tens of BTC will be enough to feel good if you are middle class in a first world country Wink

Not with the current price, and most definitely while it isn't accepted at "your local grocery store".

I was saying 20-50BTC is enough to feel a bit wealthier WHEN the price will go up to 2000$ +


I hope so, mr piccolo






███████████
███████████████
█████████████████████
█████████████████████████
█████████████████████████████████
██████████████████████████████████
██████████████████████████████████████
███████████████░████░░███████████████████
██████████████░░█░░█░█░░█░░██████████████
██████████████░░█░░█░█░░█░███████████████
█████████████████████████████████████████
███████████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████████
██████████████████████████████████
█████████████████████████████████
█████████████████████████
█████████████████████
███████████████
██████████
|
|
|
Oscilson
Sr. Member
****
Offline Offline

Activity: 434



View Profile
December 17, 2014, 08:38:12 AM
 #2304

An alt-coin will be accepted at the local grocery store first as Bitcoin's 10 min confirmation time makes it inappropriate for brick & mortar applications other than large purchases. People need to keep in mind that Bitcoin was designed for transactions that are online or between geographically separated parties.

Even a 30 seconds block time coin is not suitable for local grocery purchase. You need a centralized payment processor to do the real time transaction. In that sense, there is no difference between BTC and altcoin.
picolo
Hero Member
*****
Offline Offline

Activity: 756


🌟ATLANT ICO 24hr LEFT🌟


View Profile
December 17, 2014, 09:56:42 AM
 #2305

An alt-coin will be accepted at the local grocery store first as Bitcoin's 10 min confirmation time makes it inappropriate for brick & mortar applications other than large purchases. People need to keep in mind that Bitcoin was designed for transactions that are online or between geographically separated parties.

Even a 30 seconds block time coin is not suitable for local grocery purchase. You need a centralized payment processor to do the real time transaction. In that sense, there is no difference between BTC and altcoin.

If you have Bitcoin on your phone, it's very safe for the store to accept a Bitcoin payment from you.

Oscilson
Sr. Member
****
Offline Offline

Activity: 434



View Profile
December 17, 2014, 10:49:58 AM
 #2306

An alt-coin will be accepted at the local grocery store first as Bitcoin's 10 min confirmation time makes it inappropriate for brick & mortar applications other than large purchases. People need to keep in mind that Bitcoin was designed for transactions that are online or between geographically separated parties.

Even a 30 seconds block time coin is not suitable for local grocery purchase. You need a centralized payment processor to do the real time transaction. In that sense, there is no difference between BTC and altcoin.

If you have Bitcoin on your phone, it's very safe for the store to accept a Bitcoin payment from you.

But they have to trust you before the confirmation.
turvarya
Hero Member
*****
Offline Offline

Activity: 714


View Profile
December 17, 2014, 12:02:52 PM
 #2307

An alt-coin will be accepted at the local grocery store first as Bitcoin's 10 min confirmation time makes it inappropriate for brick & mortar applications other than large purchases. People need to keep in mind that Bitcoin was designed for transactions that are online or between geographically separated parties.

Even a 30 seconds block time coin is not suitable for local grocery purchase. You need a centralized payment processor to do the real time transaction. In that sense, there is no difference between BTC and altcoin.

If you have Bitcoin on your phone, it's very safe for the store to accept a Bitcoin payment from you.

But they have to trust you before the confirmation.
They have to trust, that you are not the secret owner of 51% of the bitcoin hash rate and are not using that power to steal the $1 back, that you just paid for a small item. That doesn't sound like that much trust to me.

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
Oscilson
Sr. Member
****
Offline Offline

Activity: 434



View Profile
December 17, 2014, 12:06:52 PM
 #2308

So there is no difference between a fast and a slower block time coin.
CoinCidental
Legendary
*
Offline Offline

Activity: 1232


Si vis pacem, para bellum


View Profile
December 17, 2014, 01:27:03 PM
 #2309

An alt-coin will be accepted at the local grocery store first as Bitcoin's 10 min confirmation time makes it inappropriate for brick & mortar applications other than large purchases. People need to keep in mind that Bitcoin was designed for transactions that are online or between geographically separated parties.

Even a 30 seconds block time coin is not suitable for local grocery purchase. You need a centralized payment processor to do the real time transaction. In that sense, there is no difference between BTC and altcoin.

If you have Bitcoin on your phone, it's very safe for the store to accept a Bitcoin payment from you.

But they have to trust you before the confirmation.

Cash will still  exist alongside btc for a long time in my estimation
People will still use cash for instant purchases and some people will never use btc but enough will to make each coin valuable esp for long distance or high value transactions that cross borders
LewiesMan
Sr. Member
****
Offline Offline

Activity: 387



View Profile
December 17, 2014, 01:40:16 PM
 #2310

So there is no difference between a fast and a slower block time coin.

Just the pain of the waiting time for the TX to go through Sad
picolo
Hero Member
*****
Offline Offline

Activity: 756


🌟ATLANT ICO 24hr LEFT🌟


View Profile
December 17, 2014, 01:44:01 PM
 #2311

An alt-coin will be accepted at the local grocery store first as Bitcoin's 10 min confirmation time makes it inappropriate for brick & mortar applications other than large purchases. People need to keep in mind that Bitcoin was designed for transactions that are online or between geographically separated parties.

Even a 30 seconds block time coin is not suitable for local grocery purchase. You need a centralized payment processor to do the real time transaction. In that sense, there is no difference between BTC and altcoin.

If you have Bitcoin on your phone, it's very safe for the store to accept a Bitcoin payment from you.

But they have to trust you before the confirmation.
They have to trust, that you are not the secret owner of 51% of the bitcoin hash rate and are not using that power to steal the $1 back, that you just paid for a small item. That doesn't sound like that much trust to me.

Successful double spending is very unlikely from a grocery store customer.

turvarya
Hero Member
*****
Offline Offline

Activity: 714


View Profile
December 17, 2014, 01:47:37 PM
 #2312

So there is no difference between a fast and a slower block time coin.

Just the pain of the waiting time for the TX to go through Sad
I recently tried out watchmybit.com: It was less than a second for the site to register my payment.

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
CoinCidental
Legendary
*
Offline Offline

Activity: 1232


Si vis pacem, para bellum


View Profile
December 17, 2014, 02:40:15 PM
 #2313

An alt-coin will be accepted at the local grocery store first as Bitcoin's 10 min confirmation time makes it inappropriate for brick & mortar applications other than large purchases. People need to keep in mind that Bitcoin was designed for transactions that are online or between geographically separated parties.

Even a 30 seconds block time coin is not suitable for local grocery purchase. You need a centralized payment processor to do the real time transaction. In that sense, there is no difference between BTC and altcoin.

If you have Bitcoin on your phone, it's very safe for the store to accept a Bitcoin payment from you.

But they have to trust you before the confirmation.
They have to trust, that you are not the secret owner of 51% of the bitcoin hash rate and are not using that power to steal the $1 back, that you just paid for a small item. That doesn't sound like that much trust to me.

Successful double spending is very unlikely from a grocery store customer.

Eventually it will be the same as credit card fraud to steal goods via btc fraud even if people were fast enough to double spend but I don't see it happening a lot

Expensive items will be a delayed purchase.... Until transactions go through but for a cup of coffee I think vendors would risk it 
picolo
Hero Member
*****
Offline Offline

Activity: 756


🌟ATLANT ICO 24hr LEFT🌟


View Profile
December 17, 2014, 02:49:27 PM
 #2314

So there is no difference between a fast and a slower block time coin.

Just the pain of the waiting time for the TX to go through Sad
I recently tried out watchmybit.com: It was less than a second for the site to register my payment.

The transaction goes through in an instant, it is safe to accept the transaction from a trusted party without waiting for confirmations.

Dafar
Legendary
*
Offline Offline

Activity: 1330


dafar consulting


View Profile
December 17, 2014, 03:16:22 PM
 #2315

I have 30 bitcoinz..... will I ever be "wealthy"?


Cuz at current price it's worth shit




███████████
███████████████
█████████████████████
█████████████████████████
█████████████████████████████████
██████████████████████████████████
██████████████████████████████████████
███████████████░████░░███████████████████
██████████████░░█░░█░█░░█░░██████████████
██████████████░░█░░█░█░░█░███████████████
█████████████████████████████████████████
███████████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████████
██████████████████████████████████
█████████████████████████████████
█████████████████████████
█████████████████████
███████████████
██████████
|
|
|
superresistant
Legendary
*
Offline Offline

Activity: 1652



View Profile
December 17, 2014, 03:27:28 PM
 #2316

I have 30 bitcoinz..... will I ever be "wealthy"?
Cuz at current price it's worth shit

The people that got millionaire last year where hodling for about 4 years. How long have you been hodling ?

Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
Dafar
Legendary
*
Offline Offline

Activity: 1330


dafar consulting


View Profile
December 17, 2014, 03:35:40 PM
 #2317

I have 30 bitcoinz..... will I ever be "wealthy"?
Cuz at current price it's worth shit

The people that go millionaire last year where hodling for about 4 years. How long have you been hodling ?



1 year.... as of current status, I joined at the worst time




███████████
███████████████
█████████████████████
█████████████████████████
█████████████████████████████████
██████████████████████████████████
██████████████████████████████████████
███████████████░████░░███████████████████
██████████████░░█░░█░█░░█░░██████████████
██████████████░░█░░█░█░░█░███████████████
█████████████████████████████████████████
███████████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████████
██████████████████████████████████
█████████████████████████████████
█████████████████████████
█████████████████████
███████████████
██████████
|
|
|
Soros Shorts
Donator
Legendary
*
Offline Offline

Activity: 1602



View Profile
December 17, 2014, 03:43:37 PM
 #2318

Eventually it will be the same as credit card fraud to steal goods via btc fraud even if people were fast enough to double spend but I don't see it happening a lot

Double spending fraud will happen a LOT less than credit card fraud. I doubt anybody would bother to try it for a $5 Starbucks coffee or a $100 grocery bill.
Bit_Happy
Legendary
*
Offline Offline

Activity: 1638


A Great Time to Start Something!


View Profile
December 17, 2014, 04:07:59 PM
 #2319

I have 30 bitcoinz..... will I ever be "wealthy"?
Cuz at current price it's worth shit

The people that go millionaire last year where hodling for about 4 years. How long have you been hodling ?


Most BTC multi-millionaires bought (or mined) pre-April 2011 and had huge gains on the rally above $1. I saw BTC for ~5 cents each in 2010 and didn't feel an urgent need to buy any. If only I'd know about this forum then, things might have been much different.

No regrets though, life goes on...

noob2001
Hero Member
*****
Offline Offline

Activity: 630


View Profile WWW
December 17, 2014, 05:10:22 PM
 #2320

Why can't the bitcoin network instantly lock the bitcoin after transactions to prevent double spending? After 6 confirmations bitcoin is transferred and unlocked... Is this possible?
Pages: « 1 ... 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 [116] 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 ... 197 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!