aes1 (OP)
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Activity: 66
Merit: 10
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March 21, 2013, 12:14:27 AM |
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and I feel privileged to do so. Imagine, you can buy 21 BTC with just over 1000 euros (around 1350 USD)... and this will get you a one millionth of the bitcoin economy (which will eventually be 21 million bitcoins). That's awesome, in a way. What would it cost to buy one millionth of the existing gold reserve? That's about 10 million USD. http://en.wikipedia.org/wiki/Gold_reserveHow about one millionth of cash in circulation? Already in 2008, this was about 4 million USD. http://en.wikipedia.org/wiki/Circulation_(currency) Somehow I feel that bitcoin is going to be big. |
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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BTC Books
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Activity: 84
Merit: 10
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March 21, 2013, 12:18:32 AM |
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+1
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Dankedan: price seems low, time to sell I think...
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bbit
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Activity: 1330
Merit: 1000
Bitcoin
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March 21, 2013, 12:24:10 AM |
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Congrads!  |
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nobbynobbynoob
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March 21, 2013, 12:29:03 AM |
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Congratulations and welcome to the "club".
Of course, Bitcoin is not a get-rich-quick scheme (hard to believe that, I know) and BTC21 isn't a great deal of money... yet. Oh, if only I were twentysomething now instead of an old fogie. Ah well, I still love Bitcoin anyway.
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BTC Books
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Activity: 84
Merit: 10
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March 21, 2013, 12:33:07 AM |
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Congratulations and welcome to the "club".
Of course, Bitcoin is not a get-rich-quick scheme (hard to believe that, I know) and BTC21 isn't a great deal of money... yet. Oh, if only I were twentysomething now instead of an old fogie. Ah well, I still love Bitcoin anyway.
Yeah. If I were a twentysomething I'd be living in a van down by the river, eating uncooked ramen, working three jobs and putting every dime into BTC, and BTC businesses. |
Dankedan: price seems low, time to sell I think...
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bbit
Legendary
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Activity: 1330
Merit: 1000
Bitcoin
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March 21, 2013, 12:55:40 AM |
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Steve
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March 21, 2013, 01:01:33 AM |
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No_2
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March 21, 2013, 01:08:45 AM |
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Very funny! Where is this from? (I'm in the UK and this looks like US TV). |
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Bowjob
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March 21, 2013, 01:16:42 AM |
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I welcome you to the new wealthy elite!
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It seemed like a good idea at the time.
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Mike Christ
aka snapsunny
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Activity: 1078
Merit: 1003
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March 21, 2013, 01:24:07 AM |
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Very funny! Where is this from? (I'm in the UK and this looks like US TV). You're right It's Saturday Night Live, 90's |
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tonto
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March 21, 2013, 02:24:32 AM |
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Earlier today I started to feel sorry for myself for spending a bunch of coins last year (but got myself some kick-ass AR-15 parts), because I now see the jump to $60+. But then as I thought more about it, the fact that I did that was helpful in a small way to the bitcoin economy. I helped it grow, even at a tiny fraction. It's all of us, using it, that helps it become legitimate, and I still think I'm considered an early adopter. Although that line is quickly approaching to mainstream.  So now I'm back up to 8 (I'm a slow miner) and hopefully soon I'll rejoin the one millionth of the bitcoin economy club.  |
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bg002h
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Activity: 1463
Merit: 1047
I outlived my lifetime membership:)
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March 21, 2013, 03:03:16 AM |
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Some what ifs: If all the Bitcoin now in existence (11 million) were of equal value to the annual world wide gold production (2.7 kt...about 2.7x10^9 grams{Wikipedia}...$50 / gram), then BTC1 would be worth $12,000. If this years production of Bitcoin (btc inflation rate is about 10% now...25*6*24*365=1.3E6) were to equal 1 yr gold production (gold inflation rate is about 1.5% btw), then 11E6/1.3E6~=10....so, 1 Bitcoin would be worth $120,000. If all the Bitcoins that will ever exist equaled all the gold ever mined (about $10 trillion), 10E12/21E6=$500,000/btc. If you add in silver and platinum...you get the idea So, yeah, BTC21 is a lot. Maybe I should hit up dailybitcoins.org...their 1/100 of a m BTC payout might someday be worth $5 |
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Rincewind
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Activity: 56
Merit: 0
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March 21, 2013, 05:27:21 AM |
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David Spade and Christina Applegate fighting back completely losing it never gets old. Their expressions to Farley going off-script are better than the skit itself.
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Phinnaeus Gage
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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March 21, 2013, 06:30:58 AM |
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David Spade and Christina Applegate fighting back completely losing it never gets old. Their expressions to Farley going off-script are better than the skit itself. I thought that was Christina when I first view it. |
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SgtSpike
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Activity: 1400
Merit: 1005
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March 21, 2013, 06:42:13 AM
Last edit: March 21, 2013, 08:05:30 AM by SgtSpike |
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Just don't own 210,000 BTC.... then you'd be the 1%! EVIL!!!
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maxmint
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March 21, 2013, 06:50:33 AM |
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Just don't own 21,000 BTC.... then you'd be the 1%! EVIL!!!
Imagine that Satoshi possibly could be in the 10% club – with only one member. |
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SgtSpike
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Merit: 1005
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March 21, 2013, 08:05:18 AM |
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Just don't own 21,000 BTC.... then you'd be the 1%! EVIL!!!
Imagine that Satoshi possibly could be in the 10% club – with only one member. Yeah and I got my number horribly, horribly wrong there. Should have been 210,000 = 1%. |
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Mageant
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Activity: 1145
Merit: 1001
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March 21, 2013, 08:42:38 AM |
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The challenge is holding onto the 21 BTC once they start getting really valuable.
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cjgames.com
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Seal
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Merit: 1078
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March 21, 2013, 10:25:55 AM |
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How poetic. Grats. |
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