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Author Topic: $10,000 by 2016 very likely  (Read 5407 times)
pand70
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November 30, 2013, 08:18:07 PM
 #41

10k by 2016 seems a pretty safe bet to me. I wonder how the op came up with the odds

I submitted the bet earlier in the year when we reached around $100/BTC.

Ok i didn't knew how your site works. Apparently there isn't any real odds making anyway  Tongue

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jubalix
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November 30, 2013, 08:18:40 PM
 #42

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?   

Peercoin solves this issue

By replacing mining with proof-of-stake, only the votes of the wealthy nodes count.

I don't know about you, but I don't like to keep a lot of funds on a public mining node.

you dont have too keep all your funds there

Admitted Practicing Lawyer::BTC/Crypto Specialist.
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notme
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November 30, 2013, 08:24:38 PM
 #43

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?   

Peercoin solves this issue

By replacing mining with proof-of-stake, only the votes of the wealthy nodes count.

I don't know about you, but I don't like to keep a lot of funds on a public mining node.

you dont have too keep all your funds there

How do you prove your stake without a private key?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
cr1776
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November 30, 2013, 09:27:30 PM
 #44

Im sure that everyone in the bitcoin community will sell once it hits 10k tho...

That's precisely what people said about $1k.  Yet there's plenty of us still holding. Wink

And 10.  And 1.

:-)
jubalix
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November 30, 2013, 09:27:46 PM
 #45

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?   

Peercoin solves this issue

By replacing mining with proof-of-stake, only the votes of the wealthy nodes count.

I don't know about you, but I don't like to keep a lot of funds on a public mining node.

you dont have too keep all your funds there

How do you prove your stake without a private key?

if you have 100 coins, 10 on the mint address, 90 on a non mining address.

Admitted Practicing Lawyer::BTC/Crypto Specialist.
B.Engineering/B.Laws
exstasie
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November 30, 2013, 11:12:20 PM
 #46

Im sure that everyone in the bitcoin community will sell once it hits 10k tho...

That's precisely what people said about $1k.  Yet there's plenty of us still holding. Wink

I'm going all in on this...only spent very little on BTC, and have made a significant profit so far...but since I really have no risk, i'm either going until its worth millions, or bust!

GriTBitS
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December 01, 2013, 08:50:45 AM
 #47

Im sure that everyone in the bitcoin community will sell once it hits 10k tho...

That's precisely what people said about $1k.  Yet there's plenty of us still holding. Wink

I'm going all in on this...only spent very little on BTC, and have made a significant profit so far...but since I really have no risk, i'm either going until its worth millions, or bust!


I agree! Go big or Go home! Also why sell, we own the worlds future wealth! The world fiat collapse is upon us. Every guru out there will be talking about how bitcoin is so incredible because of its hard limit and that its genius. The same fools that are saying its not backed by anything and has no intrinsic value! They need to quit looking at the dollar signs and realize even if it went to zero people would still be mining it and trading it amongst the community. All those financial gurus are sheep, throwing darts at a board.

beetcoin
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December 01, 2013, 08:55:18 AM
 #48

retirement or bust! i will hold on for a while too.. but we are probably still years and years away from me reaching retirement level. i barely have any coins  Cheesy
notme
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December 01, 2013, 08:58:31 AM
 #49

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?   

Peercoin solves this issue

By replacing mining with proof-of-stake, only the votes of the wealthy nodes count.

I don't know about you, but I don't like to keep a lot of funds on a public mining node.

you dont have too keep all your funds there

How do you prove your stake without a private key?

if you have 100 coins, 10 on the mint address, 90 on a non mining address.

Perhaps I'm missing some detail of proof of stake, but doesn't it need 50% of coins to agree on the block?  If everybody kept 9/10ths off their mining node, how would a block ever be created?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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