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This article seems valid....or am I gullible?
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Topic: This article seems valid....or am I gullible? (Read 410 times)
tonyq
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This article seems valid....or am I gullible?
April 11, 2013, 12:05:43 PM
#1
http://www.naturalnews.com/039850_bitcoin_bubble_crash_globalists.html
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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ThreeJay
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Re: This article seems valid....or am I gullible?
April 11, 2013, 12:17:29 PM
#2
I would say it is one of the smarter positions on what is happening to bitcoin prices... Then again, a "crash" is very much needed for bitcoins to work because people do not spend much money as long as the value of the money is rising. If people don't spend money, others can't earn money. If you can't earn money then you will stop providing whatever service you were providing...and suddenly there is no more way to spend your bitcoins...
bitcoinscanada
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Re: This article seems valid....or am I gullible?
April 11, 2013, 12:20:24 PM
#3
"Mark my words: A bitcoin crash will occur, and a lot of people are going to be financially hurt by it."
This is easy for Alex Jone's buddy to say, in hindsight.
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