Elwar
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Viva Ut Vivas
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July 01, 2014, 10:24:10 AM |
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If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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zimmah
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Activity: 1106
Merit: 1005
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July 01, 2014, 11:41:22 AM |
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I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat? Is BTC the winning crypto? As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less. It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none. I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative. When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people. i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money). I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it. The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating.
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rocks
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Activity: 1153
Merit: 1000
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July 01, 2014, 09:40:13 PM |
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If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up. Bitcoin is the first project in a very very long time that rewards those who question and resist the system. As opposed to today where people who buy into the system are rewarded the most (politicians, their bureaucrat entourages and bankers). That itself is one very beneficial outcome.
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Baitty
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July 01, 2014, 09:45:37 PM |
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If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up. Bitcoin is the first project in a very very long time that rewards those who question and resist the system. As opposed to today where people who buy into the system are rewarded the most (politicians, their bureaucrat entourages and bankers). That itself is one very beneficial outcome. There has been other projects recently but Bitcoin is the most successful project to achieve this.
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Currently held as collateral by monbux
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Ron~Popeil
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July 01, 2014, 10:00:51 PM |
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If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...
That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up. The longer they prop it up the more painful it will be when it falls. I must admit I don't talk about it much to anyone. I want more time to accumulate my own before everyone else figures it out.
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boumalo
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Activity: 1918
Merit: 1018
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July 02, 2014, 12:12:01 AM |
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I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat? Is BTC the winning crypto? As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less. It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none. I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative. When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people. i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money). I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it. The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating. More and more people use bitcoins, more innovation, time and effort are put in and around the protocole and the world wealth increases while the number of new bitcoins released everyday will reduce overtime; they won't deflate though except if you are thinking at the moment where all bitcoins will be mined to the last satoshi and that some people will lose their bitcoins
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allthingsluxury
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Activity: 1540
Merit: 1029
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July 02, 2014, 12:17:44 AM |
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This thread is never going to die!
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog
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QuestionAuthority
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You lead and I'll watch you walk away.
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July 02, 2014, 01:06:21 AM |
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This thread is never going to die! Atlas threads never die. They just threaten to commit suicide and get banned for life.
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factor280
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July 02, 2014, 01:37:32 AM |
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I just hope that when we do get to that point, I have a ton of bitcoins sitting in my wallet:)
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Sig Space for Rent! PM Me.
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Bit_Happy
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A Great Time to Start Something!
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July 02, 2014, 02:44:01 AM |
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This thread is never going to die! Atlas threads never die. They just threaten to commit suicide and get banned for life. Atlas certainly had a lasting impact around here. Last year, there was a very active "Atlas" on btc-e.com chat, but he always insisted he was not the same person who was banned here.
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QuestionAuthority
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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July 02, 2014, 02:49:40 AM |
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This thread is never going to die! Atlas threads never die. They just threaten to commit suicide and get banned for life. Atlas certainly had a lasting impact around here. Last year, there was a very active "Atlas" on btc-e.com chat, but he always insisted he was not the same person who was banned here. Atlas: https://litecointalk.org/index.php?topic=41.0
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davellolzz
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July 02, 2014, 02:52:16 AM |
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http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months. The world just isn't going to be the same and we have been blessed as the pioneers. What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop? Will if I have lots of BITCOINS, I will first buy clothes, jeans etc. Then buy a house and a car. Hehe Im just day dreaming. But I'm still looking for a way to earn bitcoins.
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bitkilo
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https://www.bitcoin.com/
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July 02, 2014, 04:21:58 AM |
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I'm as sure as I ever will be that we're on 2 something good here. Bitcoin will last longer than any of us. BTC
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Not a paid signature, just added to promote Bitcoin.com
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Bit_Happy
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A Great Time to Start Something!
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July 02, 2014, 04:25:47 AM |
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- Does everyone feel a bit more "elite" with BTC back over $625?
This thread is never going to die! Atlas threads never die. They just threaten to commit suicide and get banned for life. Atlas certainly had a lasting impact around here. Last year, there was a very active "Atlas" on btc-e.com chat, but he always insisted he was not the same person who was banned here. Atlas: https://litecointalk.org/index.php?topic=41.0Cool, I had not seen that before, thanks.
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kingscrown
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July 02, 2014, 04:45:27 AM |
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We surely are the elite! Not sure if wealthy
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keithers
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This is the land of wolves now & you're not a wolf
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July 02, 2014, 07:43:15 AM |
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Someone should make a "best of bitcointalk" thread and post links to all the timeless threads that have made it through the years and will always be posted in...
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Erdogan
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Activity: 1512
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July 02, 2014, 07:52:48 AM |
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I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.
Hopefully in two years they'll say the same about "people who own 1 or more bitcoin" Will crypto win over fiat? Is BTC the winning crypto? As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less. It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none. I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative. When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people. i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money). I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it. The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating. More and more people use bitcoins, more innovation, time and effort are put in and around the protocole and the world wealth increases while the number of new bitcoins released everyday will reduce overtime; they won't deflate though except if you are thinking at the moment where all bitcoins will be mined to the last satoshi and that some people will lose their bitcoins Bitchick: Don't feel obliged to invest. In a free world, it is up to the individual to decide. Say you have some amount of money, and, divided on the number of years you expect to live, it is enough to have a good life. Then you are free to choose that. If it is not enough, or if you want to earn more for any reason, do invest. The problem with the current system is that saving is in practise disallowed. Even if everyone has four times more resources now, compared to two generations ago, it seems it is not allowed to save and live a quiet life.
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rpietila
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July 02, 2014, 12:00:28 PM |
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Never will there be 1 million people living at the same time, who each hold BTC1 or more. This is the law of the distribution of wealth.
Invest accordingly.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Beliathon
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July 02, 2014, 01:04:14 PM |
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- Does everyone feel a bit more "elite" with BTC back over $625?
No. I will feel elite when bitcoin is over 6,250 $
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wachtwoord
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July 02, 2014, 01:17:08 PM |
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- Does everyone feel a bit more "elite" with BTC back over $625?
No. I will feel elite when bitcoin is over 6,250 $ Hey, even broke as fuck I'd be elite
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