Bitcoin Forum
June 20, 2018, 12:05:01 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 2013-04-08 FT Alphaville - Bitcult  (Read 698 times)
kiko
Sr. Member
****
Offline Offline

Activity: 453
Merit: 250


View Profile
April 08, 2013, 04:50:47 PM
 #1

http://ftalphaville.ft.com/2013/04/08/1451982/bitcult/

I don't know where to begin with this one. It feels like link bait, don't give them the clicks.

Quote
The price of BitCoin soared to newly extreme levels on Monday. The Bitcult units were last seen trading at the not at all ridiculous value of $195.

<5 day chart>

But, for all the Bitcoin millionaires sweating under the pressure of greed and cash-out fear, we have only one word for you. MMM.

As Quartz reports, you may think you have it good, but the mavros that back the personality cult of Mr. Sergey Mavrodi (what you get for not having an anonymous foundation myth) are currently doubling in price every month.

That’s what you get for making your pyramid scheme explicit from the outset — rather than disguising it as a virtual currency and a social movement.

In the meantime, if you’re still struggling to understand the BitCoin phenomenon, why not try this – it’s my version for dummies.
1529496301
Hero Member
*
Offline Offline

Posts: 1529496301

View Profile Personal Message (Offline)

Ignore
1529496301
Reply with quote  #2

1529496301
Report to moderator
1529496301
Hero Member
*
Offline Offline

Posts: 1529496301

View Profile Personal Message (Offline)

Ignore
1529496301
Reply with quote  #2

1529496301
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529496301
Hero Member
*
Offline Offline

Posts: 1529496301

View Profile Personal Message (Offline)

Ignore
1529496301
Reply with quote  #2

1529496301
Report to moderator
1529496301
Hero Member
*
Offline Offline

Posts: 1529496301

View Profile Personal Message (Offline)

Ignore
1529496301
Reply with quote  #2

1529496301
Report to moderator
1529496301
Hero Member
*
Offline Offline

Posts: 1529496301

View Profile Personal Message (Offline)

Ignore
1529496301
Reply with quote  #2

1529496301
Report to moderator
MashRinx
Sr. Member
****
Offline Offline

Activity: 390
Merit: 250



View Profile
April 08, 2013, 10:37:37 PM
 #2


I don't know where to begin with this one. It feels like link bait, don't give them the clicks.

Figured I'd go read it for the giggles.  Need to register to do so or read the comments?  No thanks... I'll pass...
Zomdifros
Full Member
***
Offline Offline

Activity: 210
Merit: 100



View Profile
April 08, 2013, 11:32:08 PM
 #3

Utterly worthless.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!