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Author Topic: Top 5 reasons why Bitcoin will remain strong  (Read 2127 times)
Akarbb
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March 31, 2011, 07:47:12 AM
 #1

I have compiled a list of what I think are some of the best reasons why Bitcoin will remain strong in a global economy.

You can read the article here!

http://bit.ly/ghU51O

Please discuss here, or if you like the article, leave a comment on The Daily Bitcoin.

http://thedailybitcoin.blogspot.com/2011/03/top-5-reasons-bitcoin-will-stay-strong.html

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Alex Beckenham
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March 31, 2011, 08:36:51 AM
 #2

Can you post the full link?

Akarbb
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March 31, 2011, 08:44:41 AM
 #3

Can you post the full link?


Done!

Feel free to send a coin or two my way: 1MBruH4RuU4aZGb7kUHXC1EmKxerzCrwpv
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Alex Beckenham
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March 31, 2011, 08:51:30 AM
 #4

they have an account that is immune to taxing

How is immune to taxing? Taxation departments can look at blockexplorer just like anyone else.

Stephen Gornick
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March 31, 2011, 08:58:48 AM
 #5

#6) Consider the competition:
  Nooch, coming Summer 2011:  http://www.youtube.com/watch?v=l8K0bwhZ4I4

[Edit: added links and img]

  http://www.docstoc.com/docs/71574449/Nooch-Pitch-Deck
  http://www.facebook.com/NoochMoney



Alex Beckenham
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March 31, 2011, 09:08:36 AM
 #6

#6) Consider the competition:
  Nooch, coming Summer 2011:  http://www.youtube.com/watch?v=l8K0bwhZ4I4

Nooch:
Nutritional yeast, the pungent yellow vitamin B-12-filled flakes loved by vegans everywhere.

http://www.urbandictionary.com/define.php?term=nooch

Coming to an exchange near you!

Akarbb
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March 31, 2011, 09:12:13 AM
 #7

#6) Consider the competition:
  Nooch, coming Summer 2011:  http://www.youtube.com/watch?v=l8K0bwhZ4I4

Nooch:
Nutritional yeast, the pungent yellow vitamin B-12-filled flakes loved by vegans everywhere.

http://www.urbandictionary.com/define.php?term=nooch

Coming to an exchange near you!


Gross....

Feel free to send a coin or two my way: 1MBruH4RuU4aZGb7kUHXC1EmKxerzCrwpv
Check out my my blog, The Daily Bitcoin
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Anonymous
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March 31, 2011, 09:59:57 AM
 #8

now you can pay nooch for hooch ?
Akarbb
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March 31, 2011, 10:12:56 AM
 #9

now you can pay nooch for hooch ?

If it's yeast, you could use nooch to make hooch

Feel free to send a coin or two my way: 1MBruH4RuU4aZGb7kUHXC1EmKxerzCrwpv
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smellyBobby
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March 31, 2011, 10:41:19 AM
 #10

1. Immunity to global inflation

Thats a poor reason. People dislike inflation because it makes prices unstable and when currency is created it facilitates the transfer of wealth from the poor to the rich. Bitcoin will do the same effect on prices, except it will be deflationary, this should be like number 5. on the list.

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March 31, 2011, 11:24:19 AM
 #11

#6) Consider the competition:
  Nooch, coming Summer 2011:  http://www.youtube.com/watch?v=l8K0bwhZ4I4

[Edit: added links and img]

  http://www.docstoc.com/docs/71574449/Nooch-Pitch-Deck
  http://www.facebook.com/NoochMoney




Nooch looks like a potential competitor to bitcoin, $0.20 transaction fees however. All Nooch reserves to be turned into US T-Bills...
Alex Beckenham
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March 31, 2011, 11:30:08 AM
 #12

Nooch looks like a potential competitor to bitcoin
Uuuh, okay... From Facebook:
Quote
We are ensuring we are compliant with all relevant financial regulations.

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March 31, 2011, 11:39:48 AM
 #13

Nooch looks like a potential competitor to bitcoin
Uuuh, okay... From Facebook:
Quote
We are ensuring we are compliant with all relevant financial regulations.


For the majority of people it seems on paper to offer everything bitcoin offers. That's not what I think, but if you were to show both concepts to a guy on the street and ask which was better, he'd shrug and say "I dunno, Nooch maybe?"

Remember most people consider themselves mostly law-abiding citizens and don't care about regulations. Probably Nooch won't survive the process in tact however.
Nekrobios
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March 31, 2011, 11:43:55 AM
 #14

Nooch charges 0.2$ for every transaction. See page 8 of the pdf.
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March 31, 2011, 11:51:42 AM
 #15

Yes, I mentioned that already, see my post above.

Let me make it clear, I think Nooch is crap.
Jered Kenna (TradeHill)
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March 31, 2011, 12:44:09 PM
 #16

Yes, I mentioned that already, see my post above.

Let me make it clear, I think Nooch is crap.

It's going to have support out the gate which is huge.
It doesn't really have to build it's self, just get made if that makes sense.
I guess I'd say it's like comparing AC/DC to NSYNC.

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