cbeast
Donator
Legendary
 Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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December 26, 2014, 02:47:01 PM |
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How does BTC reach the general public though?
What event will push BTC forward?
Hardly anybody is interested.
People compare BTC to the internet in 1995, will we follow the same path or are we destined for failure?
This comparison is often touted but it's misguided. Bitcoin is the first example of blockchain technology put to use. Gopher is an early example of widespread usage of the internet. How many people still use 'gopher' ? They didn't rip out all the cables to change from gopher to http. Bitcoin can become better while continuing to hash PoW. |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 26, 2014, 03:00:24 PM |
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NotLambchop
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December 26, 2014, 03:08:05 PM |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in  |
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brg444
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December 26, 2014, 03:09:23 PM |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in We've had that discussion before. You don't get it, we get it. |
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ChuckBuck
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December 26, 2014, 03:11:14 PM |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in -snip- We invested in Microsoft? I thought it was the other way around? Didn't MS start adopting Bitcoin just recently?  |
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NotLambchop
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December 26, 2014, 03:14:13 PM |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in We've had that discussion before. You don't get it, we get it. What a well-reasoned & elegantly stated argument. Allow me to counter: No U! If you have nothing to say, simply don't say it. |
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magicmexican
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December 26, 2014, 03:15:01 PM |
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Btc price in CNY = current year (2014)
So confirmed to gain +1 CNY every year, the pump is coming boys.
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NotLambchop
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December 26, 2014, 03:19:14 PM |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in -snip- We invested in Microsoft? I thought it was the other way around? Didn't MS start adopting Bitcoin just recently? No, you did not invest in Microsoft, and Microsoft didn't invest in you. Your pic shows that Microsoft is accepting dollars through a payment processor--that's not an investment. Basic misunderstandings such as the one I've just cleared up are likely responsible for finance enthusiasts such as yourself "investing" in BTC  |
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ssmc2
Legendary
Offline
Activity: 2002
Merit: 1040
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December 26, 2014, 03:24:06 PM |
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I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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December 26, 2014, 03:24:50 PM |
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This user is completely ignored.  And so another day begins. |
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ChuckBuck
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December 26, 2014, 03:25:04 PM |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in -snip- We invested in Microsoft? I thought it was the other way around? Didn't MS start adopting Bitcoin just recently? No, you did not invest in Microsoft, and Microsoft didn't invest in you. Your pic shows that Microsoft is accepting dollars through a payment processor--that's not an investment. Basic misunderstandings such as the one I've just cleared up are likely responsible for finance enthusiasts such as yourself "investing" in BTC Microsoft is "invested" in Bitcoin for the long haul: http://www.coindesk.com/bitpay-microsoft-aggressive-global-vision-bitcoin/"Microsoft has a long-term vision for bitcoin, BitPay and the blockchain. Starting with digital goods in the US is the logical first step, however, they want to expand to Europe and globally and add support for other products as part of that rollout." Microsoft just entered Step 1, my dear friend NotLambChop, in Year 5 going Year 6 of Bitcoin. Rome wasn't built in a day. |
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Wandererfromthenorth
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December 26, 2014, 03:25:25 PM |
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Btc price in CNY = current year (2014)
So confirmed to gain +1 CNY every year, the pump is coming boys.
China will start to go back in time in 3... 2... 1... |
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galdur
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December 26, 2014, 03:25:47 PM |
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brg444
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December 26, 2014, 03:27:52 PM |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in We've had that discussion before. You don't get it, we get it. What a well-reasoned & elegantly stated argument. Allow me to counter: No U! If you have nothing to say, simply don't say it.
Let me break it down for you There exist many ways to implement an internet packet transmission/communication protocol. TCP/IP protocol is one. In the same way, there are many implementations of cryptographic value transmission protocols. The Bitcoin (BTC) protocol is one. For reasons of network effect it happens that in each case only one eventually "win" and becomes the standard protocol. I and many here are invested in the Bitcoin (BTC) protocol, the only value transmission protocol with any kind of significant network effect. |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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December 26, 2014, 03:30:17 PM |
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What would Korean reunification (or war) do for Bitcoin?
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NotLambchop
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December 26, 2014, 03:32:27 PM |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in -snip- We invested in Microsoft? I thought it was the other way around? Didn't MS start adopting Bitcoin just recently? No, you did not invest in Microsoft, and Microsoft didn't invest in you. Your pic shows that Microsoft is accepting dollars through a payment processor--that's not an investment. Basic misunderstandings such as the one I've just cleared up are likely responsible for finance enthusiasts such as yourself "investing" in BTC Microsoft is "invested" in Bitcoin for the long haul: http://www.coindesk.com/bitpay-microsoft-aggressive-global-vision-bitcoin/You don't understand how life works. It costs Microsoft nothing to humor you Bitcoiners with rosy PR, and look--you've already paid them for doing it  |
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NotLambchop
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December 26, 2014, 03:36:59 PM |
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There exist many ways to implement an internet packet transmission/communication protocol. TCP/IP protocol is one.
In the same way, there are many implementations of cryptographic value transmission protocols. The Bitcoin (BTC) protocol is one.
For reasons of network effect it happens that in each case only one eventually "win" and becomes the standard protocol.
I and many here are invested in the Bitcoin (BTC) protocol, the only one with any kind of significant network effect.
Lol, so you've invested in TCP/IP? How much are the owners of TCP/IP getting for their investment, and who do I owe money to for using it? Everything has a significant network effect, until it doesn't. Otherwise all the shitcoiners would be farting through silk by nao. |
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JimboToronto
Legendary
Offline
Activity: 4186
Merit: 4841
You're never too old to think young.
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December 26, 2014, 03:38:10 PM |
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I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.
Indeed. It's funny how Bitcoin enthusiasts seem to come out when the price rises and go into hiding during the teddy bear picnics. I'm looking forward to a solid bull market for another reason though. If it becomes another bubble with attendant media exposure, maybe fewer people will think I'm a Boston Bruins fan because I wear a cap with BTC on it.  |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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December 26, 2014, 03:41:14 PM |
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I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.
Indeed. It's funny how Bitcoin enthusiasts seem to come out when the price rises and go into hiding during the teddy bear picnics. I'm looking forward to a solid bull market for another reason though. If it becomes another bubble with attendant media exposure, maybe fewer people will think I'm a Boston Bruins fan because I wear a cap with BTC on it. I know, right? I get that a lot! |
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NotLambchop
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December 26, 2014, 03:43:42 PM |
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I'm looking forward to a solid bull market for another reason though.
... Have we crashed down to $2K yet, grampa? Is it tiem 2 sel? This old chestnut again?
I'll say the same as I did 6 months ago or a month ago.
We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.
We should be above $10,000 for good by this time next year.
Unless something comes along to break Bitcoin before then.
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