jojo69
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diamond-handed zealot
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November 15, 2013, 03:54:04 AM Last edit: November 07, 2019, 04:14:10 PM by jojo69 |
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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Rupture
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November 15, 2013, 05:20:02 AM |
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Not in our lifetime
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Ruzka
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November 15, 2013, 05:29:19 AM |
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I would shit myself.
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adamstgBit
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Trusted Bitcoiner
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November 15, 2013, 05:31:21 AM |
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i would hold, lmao as everyone runs to the banks.
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antimattercrusader
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November 15, 2013, 05:45:05 AM |
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I think it will probably exceed this amount suprisling soon.
That said, it might also take a wheel borrow full of cash just to buy a butterfinger bar. Hyperinflation is a bitch!
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BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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bitcon
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November 15, 2013, 06:04:56 AM |
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when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.
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neutralist
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November 15, 2013, 06:09:30 AM |
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When the last coin is mined. And we will all be long dead on that date. Well, except for me, because im gonna get cryonic-ized in a vat of liquid nitrogen and get revived. Not if hash rate increase continue to outrun diffculty increase.
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djarot
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November 15, 2013, 06:12:15 AM |
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$1 M .. No Way
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alexeft
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November 15, 2013, 06:25:30 AM |
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Yes way IMO!
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Valerian77
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November 15, 2013, 11:12:17 AM |
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when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.
That is one important point. At most there is an upper limit by 1 BTC = 1 mio USD. This is because of the divisibility: 1 BTC = 10E-8 Satoshi and lowest USD unit is 1 Cent This implies 1 USD > 100 Satoshi And vice versa 1E6 USD > 1E6 * 100 Satoschi = 1 BTC The open question is then if the market can pump up the Bitcoin from its current level to above 1E5 USD.
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pabloangello
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November 15, 2013, 11:52:58 AM |
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There will be 21 000 000 bitcoins. If 1BTC would be 1 000 000 mln dollars then I ask
is there 21 000 000 * 1 000 000 == 21 000 000 000 000 dollars in the world? (21 trillion dollars)
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jzcjca00
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November 15, 2013, 12:06:04 PM |
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Do you think BTC will ever cost a millon dollars?
When?
Yes, definitely! The national debt of the U.S. already exceeds its GDP. There are only two ways out of this situation -- fiscally responsible spending or hyperinflation and collapse of the dollar. You've seen the way things are going. Do you really think the U.S. government is suddenly going to become fiscally responsible?
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Tips much appreciated! 1PPJHDawPvjh6MEzsvXrMYLgpLmyAaNXUc
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Wilhelm
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November 15, 2013, 12:27:54 PM |
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Do you think BTC will ever cost a millon dollars?
When?
Yes, definitely! The national debt of the U.S. already exceeds its GDP. There are only two ways out of this situation -- fiscally responsible spending or hyperinflation and collapse of the dollar. You've seen the way things are going. Do you really think the U.S. government is suddenly going to become fiscally responsible? Lol you made the comment I wanted to make. This holds true for every country btw . A better question would be "When can I buy a Bar of gold with one BTC" or "When can I retire (with no loss in income) if I have 1 BTC an average job"
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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Come-from-Beyond
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Newbie
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November 15, 2013, 12:33:24 PM |
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Do you think BTC will ever cost a millon dollars?
When?
Yes. Soon. U will be able to buy 2 cups of tea for that million bucks.
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Shermo
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November 15, 2013, 12:50:17 PM |
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Surely the more tangible question should be, when will 1BTC buy me a huge house with a swimming pool, a Lamborghini, a Porsche for the missus and still leave me change for a around the world cruise and put my kids through private education.
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Odrec
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November 15, 2013, 12:58:33 PM |
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when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.
That's precisely what I fear, that we're living in a dream and we are on for a harsh awakening I hope I'm wrong
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JimboToronto
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You're never too old to think young.
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November 15, 2013, 02:55:10 PM |
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when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.
How about 38 months ago when a bitcoin was worth less than a dime? $100 was a pipe dream. Now the "crashes" in June 2011 and April 2013 seem like minor corrections along the way. Some day we'll see the crash from $2000 to $350 the same way. Hold, hold, hold.
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wobber
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November 15, 2013, 03:35:30 PM |
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when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.
How about 38 months ago when a bitcoin was worth less than a dime? $100 was a pipe dream. Now the "crashes" in June 2011 and April 2013 seem like minor corrections along the way. Some day we'll see the crash from $2000 to $350 the same way. Hold, hold, hold. Holding is damn hard when you have to pay in fiat to live. Bitcoin can't be used for that so far. Until somebody manages to make a killer app or implement it so I can buy things, it's just a very good speculative instrument. And for me that is like taking your wobber out and pissing on bitcoin's ideology. Bitcoin is gonna crash soon as everybody cares either for more fiat either for more fiat (you can see screamers saying they want more coins but in fact they want more coins to have more fiat) Game over.
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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chaosknight
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November 15, 2013, 04:01:53 PM |
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Most people would sell at $1000 so $1,000,000 is impossible...
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