opsd1 (OP)
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March 26, 2013, 08:35:53 PM |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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SR20DEN
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March 26, 2013, 08:38:39 PM |
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Yeah this poor topic has been beaten to death. Obviously the guy wouldn't have done this had he known it's future value.
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LeTanque
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Activity: 85
Merit: 10
Fortune favors the bold and brave
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March 26, 2013, 08:54:01 PM |
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It's pretty easy in hindsight to proclaim the purchase as a bad idea, but as stated in the article, without people like Hanyecz, no one would be using the currency. I've spent a number of coins up to now as well, I bought a, now, $100 pizza from pizzaforcoins. But that doesn't matter, it doesn't invalidate the importance of those transactions. At the time, that's what btc was worth.
Hanyecz is no fool; he spent 10k btc on a pizza, and probably still has a 100k btc!
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"It is a mistake to suppose that any technological innovation has a one-sided effect. Every technology is both a burden and a blessing; not either-or, but this-and-that." -Neil Postman Technopoly
1FooDLuTYk782GQNrY7zY1obTc4ceUfj5t
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MikeMark
Full Member
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Activity: 179
Merit: 100
Bitcoin: money chosen by the market.
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March 26, 2013, 09:11:43 PM |
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I'd happily trade a beautiful home-made pizza for just BTC100.
Anyone?
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The Path of the Just is as the Shining Light...
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jwzguy
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March 26, 2013, 09:12:33 PM |
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Yeah this poor topic has been beaten to death. Obviously the guy wouldn't have done this had he known it's future value.
That's not obvious at all. People are using Bitcoin for purchases every day, (Bitcoinstore.com has done well over $100,000 in sales this month). We just buy more if we want to save a certain amount of coins, effectively "spending" the USD. Using Bitcoin helps adoption. |
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Mike Christ
aka snapsunny
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Merit: 1003
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March 26, 2013, 09:14:23 PM |
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I'd happily trade a beautiful home-made pizza for just BTC100.
Anyone?
That had better be an orgasm-inducing pizza, buddy. |
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gamelife859
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March 26, 2013, 10:35:49 PM |
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well 10 years from now, people will be amazed we are paying a whole 0.5 BTC for pizza.
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mantis_tobbogan
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March 27, 2013, 01:01:55 AM |
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That man serves as a martyr and example to us all.
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agibby5
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March 27, 2013, 05:04:27 AM |
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If everyone held their bitcoins, we wouldn't have a bitcoin economy.
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Bitzing
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March 27, 2013, 05:10:08 AM |
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Yes we should be thanking this man for buying/spending bitcoins. The transactions are what rises the price, which I'm sure this is not new info to most of you  The smart ones will take this guys lesson and start buying into Ltc and other smaller currencies now when they are still easy to mine and cheap to buy. If they become anything like a BTC there will be serious money to be made. Don't hold off and kick yourself in the arse again in a couple years! |
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notme
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Merit: 1002
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March 27, 2013, 05:19:06 AM |
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Minlukaz
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March 27, 2013, 08:35:04 AM |
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This is a pretty touchy subject a lot of older miners don't like to talk about. I think everyone is afraid of the new pizza issue happening with higher priced items down the line, thus holding on to them for a while longer than they used to.
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wishlog
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March 27, 2013, 09:33:30 AM |
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The guy who give up 10,000 coins should have another 100,000 coins in his wallet, he won't care about it.
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torzsy
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March 27, 2013, 11:36:01 AM |
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This is the dumbest thing I ever heard of.  |
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empoweoqwj
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March 27, 2013, 11:39:19 AM |
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Hope it was a big pizza
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cr00k
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March 27, 2013, 11:49:41 AM |
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haha! hope that pizza was worth it!
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crazyfingers
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March 27, 2013, 12:01:28 PM |
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The smart ones will take this guys lesson and start buying into Ltc and other smaller currencies now when they are still easy to mine and cheap to buy. If they become anything like a BTC there will be serious money to be made.
Don't hold off and kick yourself in the arse again in a couple years!
How does one buy litecoin? Is it available on mt. gox or some other exchange? (I used coinbase to get my BTC) Why do you expect it to gain marketshare alongside BTC? Do you think it'll be like silver to BTC's gold? Because obviously BTC is already highly divisible down to the 8th numeral or whatever. Thanks in advance for answering my questions. |
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WishIStartedSooner
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March 27, 2013, 12:13:51 PM |
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The smart ones will take this guys lesson and start buying into Ltc and other smaller currencies now when they are still easy to mine and cheap to buy. If they become anything like a BTC there will be serious money to be made.
Don't hold off and kick yourself in the arse again in a couple years!
How does one buy litecoin? Is it available on mt. gox or some other exchange? (I used coinbase to get my BTC) Why do you expect it to gain marketshare alongside BTC? Do you think it'll be like silver to BTC's gold? Because obviously BTC is already highly divisible down to the 8th numeral or whatever. Thanks in advance for answering my questions. I buy bitcoin from gox and transfer it to BTC-E.com for buying litecoin when I wanna buy some LTC. As far as how high the price will go, nobody knows. Seems to be linked to bitcoin a little bit, but not too much (it's been holding steady at about 50 cents a coin for the past few weeks, up from crashing at like 7 cents a coin). Someone came out with a silk road equivalent for it recently, so if that's not a honeypot it should stimulate the litecoin economy quite a bit. but who knows? |
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Bitzing
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March 27, 2013, 12:21:39 PM |
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Yes no one really KNOWS if LTC will be on a come up, we would all retire tomorrow if it was that easy. I personally think you have it right about LTC being BTC silver. I'm going to PM you a little incite on my perspective instead of over running this thread with my mumblings  |
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