lemmyK
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July 08, 2016, 09:32:20 PM |
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foggyb
Legendary
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Activity: 1708
Merit: 1006
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July 08, 2016, 09:48:21 PM |
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Reward-Drop ETA: (23 hours)
come back tomorrow folks
party starts at 9
The party of the nothing happened when everyone expected something to happen? We gonna see no move. The next 24 hours aren't critical tru dat leet! Everything always gets priced in months before as I anticipated... Bitcoin is constantly evading predictions of death. The 'priced-in' effect depends on the company behind a certain stock performing as expected. If so many expect bitcoin to be a failure, the market can't be 'priced in.' Also, performance can sometimes be totally unexpected. Eg. Facebook. Also, bitcoin isn't a stock. As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals market. PM's are worth more in times of economic uncertainty.
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European Central Bank
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Activity: 1288
Merit: 1087
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July 08, 2016, 09:53:14 PM |
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As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.
where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.
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JayJuanGee
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Activity: 3794
Merit: 10544
Self-Custody is a right. Say no to"Non-custodial"
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July 08, 2016, 09:56:46 PM |
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As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.
where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing. Intrinsic may be the wrong word, yet describing bitcoin fundamentals and utility may justify the same conclusion that bitcoin is valuable as it has been created and has the ability and the potential to fill various niches in ways that are currently inadequately fulfilled.
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iram66680
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July 08, 2016, 09:58:43 PM |
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Reward-Drop ETA: (23 hours)
come back tomorrow folks
party starts at 9
The party of the nothing happened when everyone expected something to happen? We gonna see no move. The next 24 hours aren't critical My thoughts exactly. We will all wake up tomorrow as if it is just a normal Saturday morning. Price virtually untouched! Honey where are my Cheerios?!
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Dotto
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Activity: 981
Merit: 1005
No maps for these territories
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July 08, 2016, 10:01:33 PM |
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Jesus loves bitcoin
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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July 08, 2016, 10:39:07 PM |
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As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.
where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing. you're right, all value is necessarily subjective because value is a human construct that doesn't have an object existence you can prove with experimental or observational evidence. However, Landauer's principle of information theory ensures that entropy-increasing, irreversible computations (like bitcoin's proof-of-work hashing) consume a quantifiable minimum requirement of energy. Energy is an objective, extrinsic property associated with many different tradeable commodities that are widely marketed. i.e. valuable, across the planet.
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redsn0w
Legendary
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Activity: 1778
Merit: 1043
#Free market
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July 08, 2016, 11:04:38 PM |
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Hello from comely Bulgaria! Tell please , how many block left til the Halvening ? I and Nika excited !
Save this website: - http://www.thehalvening.com/
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ProfessionalBitsurgeon
Newbie
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Activity: 28
Merit: 0
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July 08, 2016, 11:06:45 PM |
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Only 110 blocks to ne plus ultra monetary extacy, gentlemen. Can you even believe it?
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smracer
Donator
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Activity: 1055
Merit: 1020
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July 08, 2016, 11:09:44 PM |
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There is about to be a short squeeze shit storm.
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Meuh6879
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Activity: 1512
Merit: 1012
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July 08, 2016, 11:13:17 PM |
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angaper
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July 08, 2016, 11:45:22 PM |
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As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.
where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing. you're right, all value is necessarily subjective because value is a human construct that doesn't have an object existence you can prove with experimental or observational evidence. However, Landauer's principle of information theory ensures that entropy-increasing, irreversible computations (like bitcoin's proof-of-work hashing) consume a quantifiable minimum requirement of energy. Energy is an objective, extrinsic property associated with many different tradeable commodities that are widely marketed. i.e. valuable, across the planet. But energy is just an underlying need in all things based on computational technologies, and we have just founded this critical issue a priori, so the potential value of bitcoin was never calculated based on its energy consumption.
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spacehopper
Member
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Activity: 121
Merit: 10
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July 08, 2016, 11:54:45 PM |
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Bitcoinity's showing the number of blocks until the halving too. It wasn't showing earlier today, but now it's in a prominent place above the charts (which show a healthy price rise as we approach the moment we've been waiting for).
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orpington
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July 09, 2016, 12:03:31 AM |
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all roads lead to 666.66 haha
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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July 09, 2016, 12:28:28 AM |
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yous girls ready to party?
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numismatist
Legendary
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Activity: 1245
Merit: 1004
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July 09, 2016, 12:37:14 AM |
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Jesus loves bitcoin And the devil adores money. Not so sure about these rumors
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yefi
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Activity: 2842
Merit: 1511
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July 09, 2016, 12:42:51 AM |
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Can't believe we're nearly at the second halving - just one hundred more blocks to go.
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soullyG
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July 09, 2016, 12:47:34 AM |
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98
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