cbeast
Donator
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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March 12, 2012, 04:13:01 AM |
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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old_engineer
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March 12, 2012, 09:30:49 AM |
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It'd be pretty tragic to see people spending BTC on common goods / services right now at the current value, if the extrapolations I've read end up actually manifesting...
There's always a non-zero chance that someone will come along and create an alternative blockchain with significantly more favorable properties, like a bounded confirmation time measured in minutes rather than hours, and Bitcoins end up nearly worthless a year from now. The idea of decentralized crypto-currency is here to stay, there's no doubt about that. But whether Bitcoin is the solution... that's the real question. |
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Hunterbunter
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March 12, 2012, 09:44:16 AM |
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So it seems a bitcoin is worth $4.90. We all agree!
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markm
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Activity: 2940
Merit: 1090
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March 12, 2012, 09:55:48 AM |
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There's always a non-zero chance that someone will come along and create an alternative blockchain with significantly more favorable properties, like a bounded confirmation time measured in minutes rather than hours, and Bitcoins end up nearly worthless a year from now.
The idea of decentralized crypto-currency is here to stay, there's no doubt about that. But whether Bitcoin is the solution... that's the real question.
I suspect though that there is also a non-zero chance that without being able to point at bitcoin itself and say "see, look, that right there is proof that this stuff works, even without our cool new features" there would be a non-zero chance that it wouldn't only be Trolls In TinFoil Hats who would say "I don't care how much you dress it up, the basic underlying concept just doesn't work, look at what happened to bitcoin fergoshsakes!" resulting in a non-zero chance that... something... that might not as great as being "the best thing since Bitcoin" and might be as bad as "another attempt to flog that same dead horse, lame duck SuperDuperCoin, proposes to speed up the life-cycle of all such un-backed funny-monies..." -MarkM- |
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proudhon (OP)
Legendary
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Activity: 2198
Merit: 1311
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March 12, 2012, 12:57:26 PM |
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So it seems a bitcoin is worth $4.90. We all agree!
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Hunterbunter
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March 12, 2012, 12:59:05 PM |
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So it seems a bitcoin is worth $4.90. We all agree!
I'm going to have nightmares about that. |
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pent
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March 12, 2012, 04:45:08 PM |
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disclaimer201
Legendary
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Activity: 1526
Merit: 1001
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March 12, 2012, 07:38:29 PM |
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WWLS - What would Lenin say? |
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pent
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March 12, 2012, 07:57:30 PM |
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He wishes new highs to all of us  |
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max in montreal
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March 12, 2012, 08:17:41 PM |
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Agent Provocateur...awesome move in the avatar...
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Agent Provocateur
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March 12, 2012, 09:00:15 PM |
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Agent Provocateur...awesome move in the avatar...
yes, unbelievable! look how he's pulling him around in the very last moment, it looks like it would become a neck breaker but if you trace the move back to where the throw started it just fits so perfect. it seems so easy to do but it's impossible for an average even to come near. |
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P_Shep
Legendary
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Activity: 1795
Merit: 1198
This is not OK.
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March 12, 2012, 09:40:12 PM |
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Damnit I just want the price to MOVE!
Up, down, I don't care!
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niko
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March 13, 2012, 01:56:59 AM |
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Damnit I just want the price to MOVE!
Up, down, I don't care!
Why? |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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proudhon (OP)
Legendary
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Activity: 2198
Merit: 1311
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March 13, 2012, 03:23:03 AM |
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I've confirmed the price stability through SmElliot Wave analysis until 2030. After that it's anyone's guess.   |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 13, 2012, 03:39:55 AM |
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i agree! but i think we'll get 20cents price swings 5.10 high 4.9 low and for 20 year, all we will have to do is...  |
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waspoza
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March 13, 2012, 11:34:18 AM |
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OMG stability at last!  |
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proudhon (OP)
Legendary
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Activity: 2198
Merit: 1311
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March 13, 2012, 12:05:39 PM |
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Everything is good!!!1  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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da2ce7
Legendary
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Activity: 1222
Merit: 1016
Live and Let Live
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March 13, 2012, 12:35:35 PM |
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So far this has been the only prediction/observation in quite a while that has proven to be correct for more than 1 day.
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One off NP-Hard.
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1225
Away on an extended break
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March 13, 2012, 12:46:52 PM |
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So far this has been the only prediction/observation in quite a while that has proven to be correct for more than 1 day.
+1. And the rest fail. |
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