jiefes
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June 20, 2016, 01:34:47 PM |
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 - There was approximately $ 1.46 trillion in circulation as of June 1, 2016, of which $ 1.4 trillion was in Federal Reserve Notts; - The combined wealth of all the people of the world is $241 trillion ($ 241 000 000 000 000 = ¢ 24 100 000 000 000 000 ). (2014) - Towards 2144 will be mined 21 million BTC (BTC 21 000 000 = 2 100 000 000 000 000 satoshi). Seen from this angle, to some degree BTC could become the currency of all people, but I think this role will rather play altcoins.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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funkenstein
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Khazad ai-menu!
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June 20, 2016, 04:27:45 PM |
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- There was approximately $ 1.46 trillion in circulation as of June 1, 2016, of which $ 1.4 trillion was in Federal Reserve Notts; - The combined wealth of all the people of the world is $241 trillion ($ 241 000 000 000 000 = ¢ 24 100 000 000 000 000 ). (2014) - Towards 2144 will be mined 21 million BTC (BTC 21 000 000 = 2 100 000 000 000 000 satoshi). Seen from this angle, to some degree BTC could become the currency of all people, but I think this role will rather play altcoins. It's important to note that the numbers you report here in fiat are estimates, are unverifiable, and have no physical meaning. You say "there are 1.46 trillion in circulation" which technically implies an error bar of 10 billion. But there is no error analysis nor any reporting of how this figure is arrived at, and for very good reason: there can't be! Anybody who imagines they know the total amount of bills which could pass as funbux through a bank without being suspected as created by the wrong set of counterfeiters is obviously deluding themselves. |
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coinzat
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Young but I'm not that bold
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June 20, 2016, 04:46:15 PM |
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I think most of these rich addresses are not owned by individuals. they are owned either by a site - company or by an exchange. I do not deny that there are big whales holding big amounts of bitcoin. but is not as much as you think
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outatime1
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CryptoTalk.Org - Get Paid for every Post!
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July 03, 2016, 02:00:36 AM |
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It's possible that bitcoin will not ever be a mainstream currency, but I don't think it has to be. It can still be useful as a store of value and a payment method.
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Positid
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BULL RUN until 2030
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July 03, 2016, 11:38:29 AM |
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It's possible that bitcoin will not ever be a mainstream currency, but I don't think it has to be. It can still be useful as a store of value and a payment method.
Easy to analyze for me because I am living in a shady world, bitcoin will surely brings the interest of the people who use it because anything that government would not support means a thing is valuable, remember government are corrupt and they can monopolize things but they cannot do it in bitcoin due to its transparency. |
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tabas
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July 03, 2016, 02:27:17 PM |
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It's possible that bitcoin will not ever be a mainstream currency, but I don't think it has to be. It can still be useful as a store of value and a payment method.
Well the title of the post is just a denial of what is happening with bitcoin. And maybe op is one of the haters of bitcoin. But we can see what is happening now with bitcoin. |
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Hazir
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★Nitrogensports.eu★
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July 03, 2016, 02:42:31 PM |
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I think most of these rich addresses are not owned by individuals. they are owned either by a site - company or by an exchange. I do not deny that there are big whales holding big amounts of bitcoin. but is not as much as you think
Even if this is the case, and we have small minority owning most bitcoins, so what? I am against plutocracy but what can we do? Bitcoin is decentralized economy and anyone rich can purchase any amount of bitcoin he/she wishes. Of course it will create situation where richest persons will 'own' bitcoin and it will be the same story every time with any form of asset - bitcoin is not sole example here. |
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avikz
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July 03, 2016, 03:29:50 PM |
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True you are! Bitcoin was never a currency for the mass as it was limited to only tech savy people. Not everyone can earn bitcoin and more over, not everyone can understand the concept of bitcoin and hence they never felt interest in earning that.
I have briefed my office colleagues about bitcoin and they just laughed away. So I guess, only I am going to enjoy the benefit of bitcoin among my colleagues.
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greatr
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July 03, 2016, 04:00:03 PM |
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It's possible that bitcoin will not ever be a mainstream currency, but I don't think it has to be. It can still be useful as a store of value and a payment method.
Well the title of the post is just a denial of what is happening with bitcoin. And maybe op is one of the haters of bitcoin. But we can see what is happening now with bitcoin. bitcoin is still in its early age at the moment in my opinion and it will have a really long time to go most probably though it will start growing really fast soon i hope that bitcoin will be much bigger in the near future in this way i would be able to make some good money out of holding the money i already have, i think bitcoin will become great currency |
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nizamcc
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July 03, 2016, 04:16:35 PM |
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It is actually a very serious matter to be looked upon as this number is gradually increasing and if they decide not to spread their coins out to the world, then I think we won't see a possibility for bitcoins to become a global currency.
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gentlemand
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Welt Am Draht
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July 03, 2016, 08:21:05 PM |
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You could say the same for every single asset and currency on the entire planet. There is no currency for the people. It always end up in a small number of hands without fail. I don't think it's a good thing but it's consistent with everything else. Bitcoin can't beat human nature.
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reb0rn21
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July 04, 2016, 04:33:54 AM |
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True you are! Bitcoin was never a currency for the mass as it was limited to only tech savy people. Not everyone can earn bitcoin and more over, not everyone can understand the concept of bitcoin and hence they never felt interest in earning that.
I have briefed my office colleagues about bitcoin and they just laughed away. So I guess, only I am going to enjoy the benefit of bitcoin among my colleagues.
Time change everything, opinions change as well, bitcoin might started as currency for tech savy people as you say, but future with bitcoin is same as gold, anyone with cash and will can own it, it is now easy to use, in a year or two it will be possible for a retard od IQ <60 to buy it with no problem at all |
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CryptoBjorn
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July 04, 2016, 06:30:47 AM |
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I agree when I look at hour chart: But I have to say I still believe some big companies/governments will also the bitcoin scene, they will pump millions if not billions into bitcoin. If such a thing happens, eventualy the big boys/ whales will sales. Their only goal is profit, nothing more, nothing less. They don't care if bitcoin succeeds.. |
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groll
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August 05, 2016, 08:48:05 AM |
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Maybe because not everyone get the idea of how bitcoin or other cryptocurrency works. But those who are aware of the capabilities of bitcoin maybe they will prefer to invest more of it as it is safe than the cash that we are using today. As time goes by people will got interested and will be aware of bitcoins. And I think people will slowly adopt to the idea of using bitcoins as another type or alternative for cash.
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Taki
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August 05, 2016, 09:51:49 AM |
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I do not see anything strange in it. The biggest bitcoin number holders are must be those people who invested in bitcoin in the most beginning. And as the price for bitcoin is growing their accumulations are growing as well. I just don't get enough your question that bitcoin is not currency of the people. How is that? You are man and me too, we are people and we are bitcoin holders, yes we don't have millions, but we have bitcoins. So bitcoin is people's currency. Logical.
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Superbitzz
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August 05, 2016, 10:19:37 AM |
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no i am not agree with you, bitcoin is the currency of the modern age people and the number of its users and its invesators are increasing day by day, although it is also a fact that the importance of the fiat currency cannot be ignore in the present time but in future when people will know about the importance of bitcoin then they will start using it and it will become of the most uses currency of the world.
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Dudeperfect
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August 09, 2016, 09:11:31 AM |
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It’s kind of early adoption case. I am sure this scenario will change over the time when bitcoin will settle between a certain price range, that’s not possible right now because bitcoin is still in evolution. Everyone (or say most of the people no matter rich or poor) are acquiring bitcoins rather than spending because it has potential to grow further at very good levels. When bitcoin will be used globally and it will have a sustainable price for long period of time, we might see increase in bitcoin transactions. Now everyone is busy with acquiring more and more bitcoins.
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Xester
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August 17, 2016, 03:43:33 AM |
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It will be, but not so soon maybe a 100 years from today.  People who were not into technology will not understand and will not be interested with bitcoins. Just like me before. People who live in some part of the world were electricity is owned by only rich people. People who up to now do not know what a computer is and do not know how to use it. If that would be the case then you are right, bitcoin is not the currency of people since only few uses it. But maybe if given a chance that people all over the world would know about it, then perhaps it could go along the way even up to the time that it would be part of currencies that people used around the globe. |
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