cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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June 30, 2014, 08:19:37 PM |
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Well when artists die their art value increases, so maybe if Satoshi dies the value of bitcoin will increase too.
There would be no way to confirm that, so no. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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If you want to be a moderator, report many posts with accuracy. You will be noticed.
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galbros
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Activity: 1022
Merit: 1000
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June 30, 2014, 08:44:43 PM |
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Ok, let's assume that the following scenario is actually possible, I would like to know how you feel when all these things happen at the same time:
Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.
I am a big bitcoin fan, but under the scenario you have described bitcoin has lost a lot of its appeal, as has living in the US and EU. I don't think poor satoshi's demise is much of an issue, unless his heirs are going to spend his 1M coins! |
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gondel
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Activity: 1946
Merit: 1005
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June 30, 2014, 08:48:11 PM |
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Keep my bitcoins, no matter what price. Satoshi is my god
Really I made my first BTC really fast and I will not regret much if they are gone if market goes at low prizes. Of course i will br sad if someone had stole my money!
BR
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Swordsoffreedom
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Activity: 2744
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
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June 30, 2014, 08:48:50 PM |
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Well when artists die their art value increases, so maybe if Satoshi dies the value of bitcoin will increase too.
There would be no way to confirm that, so no. Well the only absolute certainty would be time say 100 years from now then we can kind of assume natural death but not be around to claim it But don't think that would work on the principle that he is alive or dead anyways. |
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ajareselde
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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June 30, 2014, 10:48:52 PM |
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When it comes to crypto, you cant realy ignore the fact that sometimes its better to sell even if you know the price will eventualy go up.
look at litecoin, its going just down and down, but you know its gonna go up again.
so the best solution is to hold, until you are certain that you will be able to buy back in lower.
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2double0
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Activity: 2618
Merit: 1105
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June 30, 2014, 11:14:34 PM |
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When it comes to crypto, you cant realy ignore the fact that sometimes its better to sell even if you know the price will eventualy go up.
look at litecoin, its going just down and down, but you know its gonna go up again.
so the best solution is to hold, until you are certain that you will be able to buy back in lower.
NOT true, you do NOT know its going to go back up, you are just thinking wishfully. |
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commandrix
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June 30, 2014, 11:26:10 PM |
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I voted for "Spend almost all on goods" because I figure that, if there is anybody in the U.S. government who actually cares about the economy, they'll notice if every single Bitcoin user does that right before it becomes illegal. Of course, it probably won't be worth much at that point, but they'll notice.
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TopherB
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Activity: 109
Merit: 10
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July 06, 2014, 06:57:37 PM |
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When it comes to crypto, you cant realy ignore the fact that sometimes its better to sell even if you know the price will eventualy go up.
look at litecoin, its going just down and down, but you know its gonna go up again.
so the best solution is to hold, until you are certain that you will be able to buy back in lower.
On what do you base this opinion? |
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