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Author Topic: What would it take for you to pour entire life savings into Bitcoins?  (Read 2159 times)
muscles
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June 29, 2011, 04:49:50 AM
 #21

I'd never put all my eggs into one basket.


I'm willing to bet that almost all your eggs are already in the USD basket...

Selling these things:
Wireless Cable Modem Gateway: SURFboard SBG900 DOCSIS 2.0: http://forum.bitcoin.org/index.php?topic=24518.0 - 3.33BTC
12V DC Car Wet/Dry Vacuum: http://forum.bitcoin.org/index.php?topic=24521.0 - 0.6BTC
Flip Cam HD Mino 4GB: http://forum.bitcoin.org/index.php?topic=26628.0
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Make sure you back up your wallet regularly! With Bitcoin-Qt, it needs to be backed up at least as often as every 100 transactions (both sends and receipts) or new addresses.
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June 29, 2011, 05:22:10 AM
 #22

1. It would have to solve the double-spending problem in a decentralized way (so that it has no single point of failure).

2. It would have to have desirable economic properties, like having a constant number of monetary units, and solving the problem of distributing the initial coins in a reasonably fair way.

3. It would have to show significant evidence of a dedicated and growing developer base (both for the core client and the endless applications).

4. It would have to be undervalued compared to its potential.

...and I actually have invested all of my savings into bitcoin.
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June 29, 2011, 05:37:28 AM
 #23

1. It would have to solve the double-spending problem in a decentralized way (so that it has no single point of failure).

2. It would have to have desirable economic properties, like having a constant number of monetary units, and solving the problem of distributing the initial coins in a reasonably fair way.

2. It would have to show significant evidence of a dedicated and growing developer base (both for the core client and the endless applications).

4. It would have to be undervalued compared to its potential.

...and I actually have invested all of my savings into bitcoin.

A+

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