European Central Bank
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Activity: 1288
Merit: 1087
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July 15, 2016, 03:41:05 PM |
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Who says mined coins ever see an exchange? Most of these guys are pros who can get more reliable deals elsewhere.
No way I'd want to dick around with wall games if i had massive bills waiting to be paid.
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TooDumbForBitcoin
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Activity: 1638
Merit: 1001
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July 15, 2016, 03:46:29 PM |
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I wonder why he didn't include the many instances of BTC price hitting 666 USD and hovering thereabouts. Perhaps he's a satanist. |
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savetherainforest
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July 15, 2016, 04:08:27 PM |
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Supply reduced by 10400 BTCitcoins since halving!Just that thought makes the growing pains of miners grow!  I was actually thinking of convincing everyone from a 100 kilometer radius to use their personal computer to start mining and make miners life harder! Imagine if we could just educate 1 million people with strong personal computers to mine and decrease the supply the big miners receive! That would create an interesting shortage and price spike!
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AlexGR
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Activity: 1708
Merit: 1049
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July 15, 2016, 04:13:01 PM |
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That goes a bit further than "skeptic of long term success"... |
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calme
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July 15, 2016, 04:30:58 PM |
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Well, the pattern has been weekend pumps, and then there's the Deutsche Bank collapse...
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White sugar
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Activity: 1232
Merit: 1005
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July 15, 2016, 05:37:37 PM |
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Supply reduced by 10400 BTCitcoins since halving!Just that thought makes the growing pains of miners grow! I was actually thinking of convincing everyone from a 100 kilometer radius to use their personal computer to start mining and make miners life harder! Imagine if we could just educate 1 million people with strong personal computers to mine and decrease the supply the big miners receive! That would create an interesting shortage and price spike! With ASICs I don't think it would matter if you convince a whole country to mine with computers, because they would get just a small hashpower and would mine nothing in practice |
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savetherainforest
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July 15, 2016, 05:53:23 PM
Last edit: July 15, 2016, 06:59:24 PM by savetherainforest |
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Supply reduced by 10400 BTCitcoins since halving!Just that thought makes the growing pains of miners grow! I was actually thinking of convincing everyone from a 100 kilometer radius to use their personal computer to start mining and make miners life harder! Imagine if we could just educate 1 million people with strong personal computers to mine and decrease the supply the big miners receive! That would create an interesting shortage and price spike! With ASICs I don't think it would matter if you convince a whole country to mine with computers, because they would get just a small hashpower and would mine nothing in practice It is not about the gain! But for many... just like me I keep the computer On and running for 80-90% of the time all month! And even if I get 0.0005 per day or even per week! It would still be worth it. And having 1 million people doing the same thing ... That would mean 182500 coins per year! ... Who cares? It is just electricity! We pay it anyway! Spiting the mining supply is a good reason enough! |
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kobilica
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July 15, 2016, 05:57:01 PM |
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Though I was thinking about wallets that would process transactions, wouldn't that be quite a speed up? I mean, if everyone with Android phone / laptop, that has wallet on, would process transactions. But afaik a processing/mining node needs to produce block and that is costly, right?
Nope, that wouldn't work I think.
On side note, price is the most stable today compared to last month.
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JayJuanGee
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Activity: 3892
Merit: 11107
Self-Custody is a right. Say no to"Non-custodial"
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July 15, 2016, 06:19:50 PM |
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That is a bit better argued than his normal misleading posts. He doesn't deviate so much from facts in his attempt to denigrate bitcoin, yet his emphasis of bitcoin's non-tangibility and failure to add value because of it's "pure" speculation seem to be exaggerated attempts to play into fear of the unknown and fear of the innovative nature of bitcoin. |
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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July 15, 2016, 06:33:40 PM |
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That is a bit better argued than his normal misleading posts. He doesn't deviate so much from facts in his attempt to denigrate bitcoin, yet his emphasis of bitcoin's non-tangibility and failure to add value because of it's "pure" speculation seem to be exaggerated attempts to play into fear of the unknown and fear of the innovative nature of bitcoin. I really wish he has some BTCs stashed for the upcoming post September 2016 Bankmargeddon... (Financial) Winter is coming professor. Get yourself a coat.  |
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600watt
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Activity: 2338
Merit: 2106
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July 15, 2016, 07:06:08 PM |
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That is a bit better argued than his normal misleading posts. He doesn't deviate so much from facts in his attempt to denigrate bitcoin, yet his emphasis of bitcoin's non-tangibility and failure to add value because of it's "pure" speculation seem to be exaggerated attempts to play into fear of the unknown and fear of the innovative nature of bitcoin. I really wish he has some BTCs stashed for the upcoming post September 2016 Bankmargeddon... (Financial) Winter is coming professor. Get yourself a coat. what a prick. i knew it. but didn´t think he would go that far. what idiots like him do not get: they are making bitcoin more resilient. every crusader that is not able to kill bitcoin will one day realize that he has been used as a free sparring partner. |
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nioc
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Activity: 1624
Merit: 1008
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July 15, 2016, 07:07:14 PM |
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We know 8 is a very lucky number to the Chinese.
What I learned today is that 6 is the second luckiest number.
Maybe it's not sat in.
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SkRRJyTC
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Activity: 1008
Merit: 1000
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July 15, 2016, 07:22:19 PM |
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Supply reduced by 10400 BTCitcoins since halving!Just that thought makes the growing pains of miners grow! I was actually thinking of convincing everyone from a 100 kilometer radius to use their personal computer to start mining and make miners life harder! Imagine if we could just educate 1 million people with strong personal computers to mine and decrease the supply the big miners receive! That would create an interesting shortage and price spike! With ASICs I don't think it would matter if you convince a whole country to mine with computers, because they would get just a small hashpower and would mine nothing in practice It is not about the gain! But for many... just like me I keep the computer On and running for 80-90% of the time all month! And even if I get 0.0005 per day or even per week! It would still be worth it. And having 1 million people doing the same thing ... That would mean 182500 coins per year! ... Who cares? It is just electricity! We pay it anyway! Spiting the mining supply is a good reason enough! Current mining rewards from 400 MegaHash GPU per Month 0.00001565 BTC $0.01 Also, your pc being on is very different from your pc being under load. You will spend $50 to make $0.01. |
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calme
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July 15, 2016, 08:14:37 PM |
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Maybe soon the price will be stuck at 888, and we will wish it would go back to 666 just so we get some movement.
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European Central Bank
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Activity: 1288
Merit: 1087
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July 15, 2016, 08:44:59 PM |
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holy shit. are we gonna make it through 2016 without the world ending? it's starting to smell like end times. now all we need is for dolly parton to croak and we'll know doom is certain. |
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DeathAngel
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Activity: 3290
Merit: 1617
#1 VIP Crypto Casino
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July 15, 2016, 08:50:22 PM |
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I'm sure there will be some Turkish bitcoin users laughing at their felllw countrymen there |
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elite3000
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Activity: 1073
Merit: 1000
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July 15, 2016, 08:54:19 PM |
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Is the coup attempt real or some false flag government made to justify they staying forever in power and the state of exception? BTC users may laugh today, but tomorrow the Internet may be controlled and BTC forbidden or restricted |
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julian071
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July 15, 2016, 08:55:25 PM |
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Is the coup attempt real or some false flag government made to justify they staying forever in power and the state of exception? BTC users may laugh today, but tomorrow the Internet may be controlled and BTC forbidden or restricted I could not agree more. |
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