ChartBuddy
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 30, 2014, 07:00:20 PM |
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itod
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Activity: 1974
Merit: 1077
^ Will code for Bitcoins
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December 30, 2014, 07:02:23 PM |
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Saw in Wired that Americans spend $4.8 billion on smartphone insurance per year or $13 million a day.
That is just insurance against theft and damage.
10% of that $13 million is enough to buy all newly minted bitcoins in a day.
Problem is people see real value in phone insurance, while they don't see it in bitcoin. Bitcoin is that thing being used for illegal things, remember? We were happy when Silk Road BTC demand brought the price up, now we have to pay the price for that, who knows how much time is needed for Bitcoin to wash that dirt. |
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luigi1111
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Activity: 1105
Merit: 1000
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December 30, 2014, 07:12:05 PM |
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You can't split a Beanie Baby into 100,000,000 pieces and still have them be useful...
A Beanie Baby is not useful even in 1 piece... |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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December 30, 2014, 07:15:08 PM |
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Central bankers throughout the world are gearing up for another round of money printing.
Bitcoin's has been doing nothing but printing money since the day it was born. glass houses and stones and all... At a predetermined and predictable rate. That is something that can be priced in. OTOH Central Banker counterfeiting (oh, excuse me, "quantitative easing") occurs whenever our energy costs and interest rates get too low to sufficiently enrich the oligarchs who control the fiat banking system. If just 0.4% of the world population will want to own one BTC each, there will NEVER be enough to go around. We are the One Percenters of the new millennium, but so far we have done a worse job of managing our resources than the old oligarchs. We must get this volatility under control. |
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JimboToronto
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Activity: 4186
Merit: 4855
You're never too old to think young.
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December 30, 2014, 07:21:29 PM |
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findftp
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Activity: 1022
Merit: 1008
Delusional crypto obsessionist
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December 30, 2014, 07:23:22 PM |
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Maybe you have the wrong strategy? It is never too late to change something  I had the same strategy, but cut my loose at 380. Since then, unicorns and much profit. |
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freebit13
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December 30, 2014, 07:26:50 PM |
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I've yet to see a Beanie Baby ATM!
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hdbuck
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Activity: 1260
Merit: 1002
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December 30, 2014, 07:28:06 PM |
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How do people verify if the data sold is real and not fake? Not sure, personally i already see a ton of ways to exploit this site as a seller. So i cant really see anyone sane seriosly considering buying anything. who knows waht the future holds: Two lessons here:
All information will be on the market.
This market will exist whether you like it or not.
Also, by will, I mean already.
We have already seen WikiLeaks and Edward Snowden open the floodgates for State secrets (which include your secrets). We have also already seen Bitcoin enable the Fappening marketplace of celebrity nude pictures.
And now a website promoted by WikiLeaks’s Twitter account wants to take it to the next level. Slur.io promises to be WikiLeaks 2.0:
"Slur is an open source, decentralized and anonymous marketplace for the selling of secret information in exchange for bitcoin. Slur is written in C and operates over the Tor network with bitcoin transactions through libbitcoin. Both buyers and sellers are fully anonymous and there are no restrictions on the data that is auctioned. There is no charge to buy or sell on the Slur marketplace except in the case of a dispute, where a token sum is paid to volunteers."
For everything from trade secrets to State secrets to zero-day exploits to “the complete databases of social media sites like facebook,” there will be a price in Bitcoin.
I would recommend that anyone alive in 2014 not only assume that their secrets will be leaked, but live as though they have already been leaked. http://nakamotoinstitute.org/mempool/meditations-on-cypherpunk-nightmares/ |
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JimboToronto
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Activity: 4186
Merit: 4855
You're never too old to think young.
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December 30, 2014, 07:32:08 PM |
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I'm yet to see a Beanie Baby ATM!
I think that would be called a vending machine. Maybe they have one in Japan. I've heard they have some very interesting vending machines there.  |
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Silverspoon
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Activity: 112
Merit: 10
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December 30, 2014, 07:32:29 PM |
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If just 0.4% of the world population will want to own one BTC each, there will NEVER be enough to go around.
So bloodbath in 3, 2, 1?  |
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Silverspoon
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Activity: 112
Merit: 10
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December 30, 2014, 07:35:13 PM |
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...Beanie Baby...
[bunch of pics] There ya go. You know why everyone compares bitcoins with Beanie Babies, right? Both based on the same gimmick - artificial scarcity |
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findftp
Legendary
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Activity: 1022
Merit: 1008
Delusional crypto obsessionist
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December 30, 2014, 07:36:26 PM |
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We must get this volatility under control.
We are. Volatility is decreasing since day one (infinite volatility from zero to 0.01 cent). You can't expect it to be a sudden flatliner one day. We will reach a flat line when the market cap is representing it's true value, not it future value like now. Right now we are speculating on the future value of bitcoin, therefor we go so much up and down because we have a hard time predicting what the future value will be. On the other hand you can find a pretty straight trendline throughout the price untill now. There will be some pumps and dumps on the way up, but when we get there the ride will become easier. It also means that there won't be as much profit in the future as you can get right now. |
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freebit13
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December 30, 2014, 07:41:57 PM |
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I'm yet to see a Beanie Baby ATM!
I think that would be called a vending machine. Maybe they have one in Japan. I've heard they have some very interesting vending machines there. Vending machines only give you Beanie Babies for fiat, not the other way around, so they are not quite the same... |
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JimboToronto
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Activity: 4186
Merit: 4855
You're never too old to think young.
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December 30, 2014, 07:44:45 PM |
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You know why everyone compares bitcoins with Beanie Babies, right? Both based on the same gimmick - artificial scarcity Everyone? LOL |
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freebit13
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December 30, 2014, 07:46:35 PM |
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You know why everyone compares bitcoins with Beanie Babies, right? Both based on the same gimmick - artificial scarcity Everyone? LOL Yep, everyone without a clue... |
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JorgeStolfi
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December 30, 2014, 07:50:42 PM |
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You can't split a Beanie Baby into 100,000,000 pieces and still have them be useful...
Ah, but that problem will be solved by Sidebeanies pegged 1:100000 to actual Beanies! |
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LFC_Bitcoin
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Activity: 3710
Merit: 10436
#1 VIP Crypto Casino
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December 30, 2014, 07:52:53 PM |
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Silverspoon = LambChop?
Clearly yes?
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JimboToronto
Legendary
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Activity: 4186
Merit: 4855
You're never too old to think young.
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December 30, 2014, 07:55:40 PM |
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Silverspoon = LambChop?
Clearly yes?
Why do you think I chose brony babies for the wall o' FUD pix I posted to Silverspoon? |
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Silverspoon
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Activity: 112
Merit: 10
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December 30, 2014, 07:56:24 PM |
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You know why everyone compares bitcoins with Beanie Babies, right? Both based on the same gimmick - artificial scarcity Everyone? LOL OK, "every sane adult," if you wanna be a stickler. |
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JorgeStolfi
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December 30, 2014, 07:56:59 PM |
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I'm yet to see a Beanie Baby ATM!
I think that would be called a vending machine. Maybe they have one in Japan. I've heard they have some very interesting vending machines there. There were those machines in shopping malls, where the kid puts in a coin and gets to "mine" a stuffed animal with a robot claw. Would that qualify as a beanie ATM + mining rig, all in one? (Rushing to the patent office with the design of a coin-operated bitcoins-mined-while-you-wait machine.) |
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