PoolMinor
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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September 12, 2015, 07:03:14 AM |
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It's time to buy. we go up from here on out.
I can see it at the end of this hall.
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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September 12, 2015, 07:40:33 AM |
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Looks like there's not gonna be any resolution this weekend. Another good reason to support XT.
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kromtar
Full Member
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Activity: 172
Merit: 100
contracorriente
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September 12, 2015, 08:25:58 AM |
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double digit... dead... doom... bitcoin will worth 0... yeah sure haha
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bitebits
Legendary
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Activity: 2211
Merit: 3178
Flippin' burgers since 1163.
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September 12, 2015, 08:40:01 AM |
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"Zero cost"... Aside from the cost of nearly every major hodler of bitcoin dumping them instantaneously if the 21 mil cap is put in serious jeopardy.
I don't think however that the introduction of extra inflation into bitcoin -- say, 1% per year, beyond the block rewards -- would necessarily induce all holders to dump, and the price to crash. We will see what happens after the block reward drops below <1% of the total supply. But that is 20 years from now (wiki), a bit of a non-issue at the moment: 1260000 7 0.78125000 20671875.00000000 164062.50000000 20835937.50000000 0.79365079% 99.21875011% That is not "cost". Even if bitcoins lose all their value, no resources or concrete assets will be destroyed. The world will not become any poorer. Only, a few hundred thousand people the current bitcoin holders True. I still believe that bitcoin's price will go to zero in a few years Zero what exactly? Dollars? Nah, there will always be a few rebels like yourself and me that put a certain value to Bitcoin. Not sure how you can keep stubbornly repeating this like a mantra, bitcoin != Bitcoin. Currently those rebels value a bitcoin at $240 a piece, quite awesome when you think about it.
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 12, 2015, 09:02:11 AM |
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BayAreaCoins
Legendary
Online
Activity: 3906
Merit: 1240
Owner at AltQuick.com & FreeBitcoins.com
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September 12, 2015, 09:03:56 AM |
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Down before up?
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Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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September 12, 2015, 09:16:41 AM |
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Well, 1% of inflation per year would not destroy that argument; at most, it would delay the growth a little. After all, that growth of 1000% per year happened while the miners were creating an inflation of more than 10% per year.
By the time all of the 21 million are distributed it will be a world currency. The price will not rise from new users, it will hold its value. Keynes need not be involved in the new world currency. He has done enough damage already.
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Norway
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September 12, 2015, 10:00:55 AM |
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ChartBuddy
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 12, 2015, 10:02:05 AM |
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Trouble821
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September 12, 2015, 10:02:11 AM |
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Is anyone here attending the conference, and is it like hdbuck's depiction of it? That had me rolling round on the floor in stitches of laughter. Are tickets for it really $1500? If they really cost that much then the scammers here would make more money organizing conferences than creating shitcoin IPOs.
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nioc
Legendary
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Activity: 1624
Merit: 1008
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September 12, 2015, 10:29:46 AM |
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Looks like there's not gonna be any resolution this weekend. Another good reason to support XT. We already knew there would not be a resolution this weekend, only the possibility of a resolution at the next conference in Dec(?) But have no doubt there will be lots from this conference to speculate about regarding the various possibilities of resolution. I can hardly wait
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 12, 2015, 11:02:04 AM |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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September 12, 2015, 11:17:09 AM |
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Looks like there's not gonna be any resolution this weekend. Another good reason to support XT. We already knew there would not be a resolution this weekend, only the possibility of a resolution at the next conference in Dec(?) But have no doubt there will be lots from this conference to speculate about regarding the various possibilities of resolution. I can hardly wait I just want this debate to end. It's dumbing people down. It makes my brain go numb.
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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September 12, 2015, 11:36:44 AM |
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We already knew there would not be a resolution this weekend, only the possibility of a resolution at the next conference in Dec(?)
But have no doubt there will be lots from this conference to speculate about regarding the various possibilities of resolution.
I wonder why anyone needs a bleedin' conference to make a decision. Maybe superior beings can only reach consensus when they're wearing a name tag and lining up an innocent intern to nail after they've pwned their panel discussion.
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hdbuck
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Activity: 1260
Merit: 1002
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September 12, 2015, 11:41:15 AM |
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We already knew there would not be a resolution this weekend, only the possibility of a resolution at the next conference in Dec(?)
But have no doubt there will be lots from this conference to speculate about regarding the various possibilities of resolution.
I wonder why anyone needs a bleedin' decision to make a conference. Maybe innocent interns can only reach consensus when they're wearing a name tag and lining up superior beings to nail after they've pwned their panel discussion. ftfy reminds me of teh climate change confs..
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ChartBuddy
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 12, 2015, 12:02:04 PM |
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jl2012
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Activity: 1792
Merit: 1093
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September 12, 2015, 12:18:10 PM |
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I still believe that bitcon's price will go to zero in a few years; but almost certainly not by that route...
Would you put money where your mouth is?
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Norway
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September 12, 2015, 12:55:33 PM |
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ChartBuddy
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 12, 2015, 01:02:05 PM |
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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September 12, 2015, 01:37:01 PM |
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I still believe that bitcon's price will go to zero in a few years; but almost certainly not by that route...
Would you put money where your mouth is? By keeping his money (instead "investing" it in BTCeanies or Bitcoin), that's exactly what he's doing. So now you know I think he meant wiring the money to a bucketshop and "shorting" Bitcoin, only to be told SFYL But you're right.
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