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merve10495
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January 28, 2018, 08:46:51 PM |
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No one would be in charge of the system; everyone would be in charge of the system. is is what it means to be open source, and it’s the same dynamic that has made Wordpress a powerhouse in the so ware community. ere would be no need for an Audit Bitcoin
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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merve10495
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January 28, 2018, 08:48:57 PM |
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Bitcoin went live on November 1, 2008. To really appreciate why this matters, consider the times. e entire political and nancial establishment was in full-scale panic meltdown.
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merve10495
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January 28, 2018, 08:49:35 PM |
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e real estate markets had collapsed, pulling down the balance sheets of the major banks. e investment banks were unloading mortgage-backed securities at an unprecedented pace. Boats delivering goods couldn’t leave shore because they could nd no backers for their insurance bonds.
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merve10495
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January 28, 2018, 08:51:07 PM |
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For a moment, it seemed like the world was ending. e Republicans held the White House, but the unthinkable still happened: Government and the central banks decided to attempt a full-scale rescue of the whole system, spending and creating trillions in new paper tickets to ll bank vaults.
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merve10495
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January 28, 2018, 08:52:29 PM |
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I feel like this concept is over done by every other coin right now
Give the name of at least one name of a project, which uses AI in trade forecasting |
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merve10495
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January 28, 2018, 08:52:47 PM |
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Clearly government paper was failing. A digital alternative had to exist. But what gave Bitcoin its value? ere were several factors. It was not xed to any existing currency, so it could oat according to human valuation. It was made from real stu : the very 1s and 0s that were driving forward the global market economy.
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merve10495
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January 28, 2018, 08:53:05 PM |
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And while 1s and 0s can be reproduced unto in nity, the new coins could not, thanks to a system in which the coin and its public key were strictly controlled and the ledger updated for every transaction. Its soundness could be checked constantly through instantaneous conversion to other currencies as well as to goods and services. e model seemed impenetrable, the rst digital currency that really addressed all the problems that had doomed previous attempts.
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merve10495
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January 28, 2018, 08:53:50 PM |
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Let’s fast-forward in time to March 2013. I had become the proud owner of my rst Bitcoin. My wallet lived on my smartphone. Only three years ago, some wonderful applications had already developed around the currency unit. Although I’m a bit techy, I’m not a rocket scientist and I’m quite certain that I would have been out of my league.
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merve10495
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January 28, 2018, 08:54:32 PM |
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But this is how digital institutions develop to become ever more user friendly. At the same event at which I became a Bitcoin owner, I also used a Bitcoin ATM. I put in the green stu , held my digital wallet up to the scanner, and then I felt the buzz on my smartphone. P
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merve10495
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January 28, 2018, 08:55:10 PM |
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But still I wondered what exactly I could do with these things. at’s when the consumer world of Bitcoin products appeared before me. We aren’t just talking about the Silk Road — a website that became notorious for enabling the easy, anonymous buying and selling of drugs.
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merve10495
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January 28, 2018, 08:55:28 PM |
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ere are Bitcoin stores everywhere. And there are services in which you can buy from any website with a Bitcoin interface. ere was growing talk of Bitcoin futures markets. Some companies were rumored to be going public with Bitcoins, and thereby bypassing the whole of the Securities and Exchange Commission. e implications are mind-blowing.
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merve10495
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January 28, 2018, 08:55:44 PM |
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Still, I’m a tactile kind of guy. I need to experience things. So I went to one of these sites. I bought the rst product I saw (why, I do not know). It was a pair of pliers for crimping electric cables. I put in my shipping address and up came a note that said it was time to pay. is was the moment I had been waiting for.
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merve10495
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January 28, 2018, 08:56:09 PM |
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A QR code — that funny square design that looks like a 3-D bar code — popped up onscreen. I held up my “wallet” and scanned. In less than 2 seconds, the deed was done. It was easier than Amazon’s one-click ordering system. My heart raced. I jumped out of my chair and did a quick song and dance around the room. Somehow I had seen it thoroughly for the rst time: this is the future.
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merve10495
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January 28, 2018, 08:56:46 PM |
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e pliers arrived two days later, and even though I have no use for them, I still treasure them.
Bitcoin had already taken o when the surprising Cyprus crisis hit in a big way. e government was talking about seizing bank deposits as a way of bailing out the whole system.
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merve10495
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January 28, 2018, 08:57:37 PM |
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During this period, Bitcoin essentially doubled in value. Press reports said that people were pulling out government currency and converting it, not only in Cyprus but also in Spain and Italy and elsewhere.
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merve10495
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January 28, 2018, 08:58:19 PM |
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During this period, Bitcoin essentially doubled in value. Press reports said that people were pulling out government currency and converting it, not only in Cyprus but also in Spain and Italy and elsewhere.
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merve10495
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January 28, 2018, 08:58:39 PM |
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e price of Bitcoin in terms of dollars soared. Another way to put this is that the price of goods and services in terms of Bitcoin was going down. Yes, this is the much-dreaded system that mainstream economists decry as “de ation.”
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merve10495
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January 28, 2018, 08:58:51 PM |
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e famed Keynesian Paul Krugman has even gone so far as to say that the worst thing about Bitcoin is that people hoard them instead of spending them, thereby replicating the feature of the gold standard that he hates the most!
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merve10495
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January 28, 2018, 08:59:17 PM |
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Hello!
Hw life is going?
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merve10495
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January 28, 2018, 08:59:38 PM |
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Have you heard of the To the moon game?
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