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kireinaha
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July 02, 2014, 09:37:05 PM |
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In that case, median net wealth for US adults is only ~$38,000 USD. Which I actually find surprisingly high. That median is composed of the under 40 crowd who largely have negative net worth, and the over 50 crowd who compose the richest generation to ever walk the face of the earth and whose assets (stocks and house prices) are being propped up via money printing. If they're the wealthiest generation ever, then why are the debt-laden 20 and 30 somethings financing their retirements via unsustainable social security and medicare programs? And why would they willingly elect representatives who back these programs? Seems to be against their own self interests. |
Night gathers, and now my bitcoinwisdom watch begins.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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justusranvier
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Activity: 1400
Merit: 1009
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July 02, 2014, 09:40:20 PM |
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If they're the wealthiest generation ever, then why are the debt-laden 20 and 30 somethings financing their retirements via unsustainable social security and medicare programs? And why would they willingly elect representatives who back these programs? Seems to be against their own self interests. Great questions. Coincidently, isn't it amazing how the age groups which the current system is financially raping are are also the age groups at the forefront of Bitcoin adoption? http://www.pewsocialtrends.org/2011/11/07/the-rising-age-gap-in-economic-well-being/ |
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Ron~Popeil
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July 02, 2014, 10:25:01 PM |
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In that case, median net wealth for US adults is only ~$38,000 USD. Which I actually find surprisingly high. That median is composed of the under 40 crowd who largely have negative net worth, and the over 50 crowd who compose the richest generation to ever walk the face of the earth and whose assets (stocks and house prices) are being propped up via money printing. If they're the wealthiest generation ever, then why are the debt-laden 20 and 30 somethings financing their retirements via unsustainable social security and medicare programs? And why would they willingly elect representatives who back these programs? Seems to be against their own self interests. Because it is useful for politicians to make them out to be the vulnerable and down trodden. That generations votes in large numbers and will invariably vote in favor of government goodies. |
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cbeast
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Let's talk governance, lipstick, and pigs.
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July 02, 2014, 11:34:53 PM |
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In that case, median net wealth for US adults is only ~$38,000 USD. Which I actually find surprisingly high. That median is composed of the under 40 crowd who largely have negative net worth, and the over 50 crowd who compose the richest generation to ever walk the face of the earth and whose assets (stocks and house prices) are being propped up via money printing. I think you mean the over 65 crowd. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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rpietila
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July 03, 2014, 06:16:40 AM |
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In that case, median net wealth for US adults is only ~$38,000 USD. Which I actually find surprisingly high. That median is composed of the under 40 crowd who largely have negative net worth, and the over 50 crowd who compose the richest generation to ever walk the face of the earth and whose assets (stocks and house prices) are being propped up via money printing. I think you mean the over 65 crowd. True. The boomers are 65-68 yo this year. Their assets must be quickly confiscated, otherwise they are inherited by the people in productive age!!  |
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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Bit_Happy
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A Great Time to Start Something!
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July 03, 2014, 06:41:49 AM |
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...
True. The boomers are 65-68 yo this year...
FYI: The "Baby Boom" years covered much more than just 3 years. The post WW2 USA boom was for an incredible 18 year period: http://en.wikipedia.org/wiki/Baby_boom#United_States |
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Djo
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July 03, 2014, 07:01:39 AM |
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Will bitcoin ever replace currenries we have today ?
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validium
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Activity: 350
Merit: 250
Decentralized thinking
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July 03, 2014, 07:25:36 AM |
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Will bitcoin ever replace currenries we have today ?
It might happen, but a sort of a revolution has to occur whereby people will lose faith in centralized monetary system i.e if they don't think their money is no longer safe. maybe an 1/ 8th of the worlds population |
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boumalo
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Activity: 1890
Merit: 1018
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July 03, 2014, 09:29:27 AM |
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Will bitcoin ever replace currenries we have today ?
It might happen, but a sort of a revolution has to occur whereby people will lose faith in centralized monetary system i.e if they don't think their money is no longer safe. maybe an 1/ 8th of the worlds population If the USD, the Euro and the Yen collapse relatively to hard assets, Gold, or Bitcoin people will see the value of a decentralized currency that is not daily manipulated by the State |
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stevegee58
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Activity: 916
Merit: 1003
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July 03, 2014, 12:11:53 PM |
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Will bitcoin ever replace currenries we have today ?
It might happen, but a sort of a revolution has to occur whereby people will lose faith in centralized monetary system i.e if they don't think their money is no longer safe. maybe an 1/ 8th of the worlds population It wasn't 1/8 of the world's population but we saw it happen during the Cyprus banking crisis. Suddenly Europeans went on a BTC buying spree presumably because it was seen as a hedge against "bail-in" bank account seizures. |
You are in a maze of twisty little passages, all alike.
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wachtwoord
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Activity: 2324
Merit: 1125
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July 03, 2014, 12:19:56 PM |
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Will bitcoin ever replace currenries we have today ?
It might happen, but a sort of a revolution has to occur whereby people will lose faith in centralized monetary system i.e if they don't think their money is no longer safe. maybe an 1/ 8th of the worlds population It wasn't 1/8 of the world's population but we saw it happen during the Cyprus banking crisis. Suddenly Europeans went on a BTC buying spree presumably because it was seen as a hedge against "bail-in" bank account seizures. I don't really think ever happened. People in general (not just Europeans) bought on the news because they speculated on this. |
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Ron~Popeil
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July 03, 2014, 05:50:41 PM |
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Will bitcoin ever replace currenries we have today ?
It might happen, but a sort of a revolution has to occur whereby people will lose faith in centralized monetary system i.e if they don't think their money is no longer safe. maybe an 1/ 8th of the worlds population It wasn't 1/8 of the world's population but we saw it happen during the Cyprus banking crisis. Suddenly Europeans went on a BTC buying spree presumably because it was seen as a hedge against "bail-in" bank account seizures. There are a lot of places that is likely to happen again. I hate to say it but I could even see the US getting to that point. |
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StatusSeeking
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Activity: 78
Merit: 10
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July 07, 2014, 08:48:08 AM |
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I've always wanted a senator, but I couldn't decide whether I wanted a Republican or a Democrat. Maybe I'll just get one of each!  |
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doubleredrolex
Full Member
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Activity: 211
Merit: 100
I Believe
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July 10, 2014, 10:13:53 AM |
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I need more BTC... trying to buy a little at a time.. Wish i got in 3 years ago when they were cheap  |
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LostDutchman
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July 10, 2014, 10:57:02 AM |
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I need more BTC... trying to buy a little at a time.. Wish i got in 3 years ago when they were cheap Me too but I thought Bitcoin was just silly gaming shit. |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10153
Self-Custody is a right. Say no to"Non-custodial"
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July 11, 2014, 02:03:01 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. Yeah, if we are lucky, maybe you will be able to double your BTC holdings from 2BTC to 4 BTC within the next 2-6 months. I am thinking that you will need quite a bit of luck, if you think that BTC prices are going to stay down in the next 6, but surely anything is possible. |
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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RodeoX
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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July 11, 2014, 02:17:18 PM |
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I need more BTC... trying to buy a little at a time.. Wish i got in 3 years ago when they were cheap They weren't cheap then either. $1 per bitcoin was seen a crazy high price. |
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kuusj98
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July 11, 2014, 02:24:51 PM |
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Hmm, what will I do with my Bitcoin's? I think, that when they are worth a whole lot more they will sponsor my first car Like a Golf GTI or something... Let's hope all the people who don't dare touching BTC will get burned to death when we are all rich people! |
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eid
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July 11, 2014, 02:31:37 PM |
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Hmm, what will I do with my Bitcoin's? I think, that when they are worth a whole lot more they will sponsor my first car Like a Golf GTI or something...
Let's hope all the people who don't dare touching BTC will get burned to death when we are all rich people!I see the new wealthy elite will be much the same as the old one  |
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Este Nuno
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Activity: 826
Merit: 1000
amarha
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July 11, 2014, 04:35:39 PM |
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I need more BTC... trying to buy a little at a time.. Wish i got in 3 years ago when they were cheap Me too but I thought Bitcoin was just silly gaming shit. What do you mean? What sort of gaming did you think it was? Gambling or something? |
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