bitcoin is a mystery

[LordSonjai]

no one knows where it is going,no one even knows where it came from.

Are you telling me that the FED is more transparent? You see, it does not matter who Satoshi is. What would it help you if you knew that the actual name of Satoshi is Enrico Palazzo from Modena/Italy? What matters is that the Bitcoin spec is completely open and that implementations are OSS. You are in the position to know literally EVERYTHING about Bitcoin. Being ignorant is your choice!

About where it is going: That is indeed what it distinguishes Bitcoin from the Dollar or the Euro where we have certainty:

"Paper money eventually returns to its intrinsic value - zero."
(Voltaire)

lmao wow Enrico Palazzo huh.

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[ChuckBuck]

Hmm, Bitcoin is a mystery you say.

I guess that's why we're in the Speculation thread.

Speculation:

1.
the forming of a theory or conjecture without firm evidence.
"there has been widespread speculation that he plans to quit"
2.
investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.
"the company's move into property speculation"

No one knows for sure, I guess it is a mystery.

[Supercrypt]

Bitcoin is future of payment processing

[mmortal03]

I heard that Bitcoin was actually a riddle wrapped in a mystery inside an enigma...

[ChuckBuck]

I heard that Bitcoin was actually a riddle wrapped in a mystery inside an enigma...

Edward Nigma, anyone?

[rebuilder]

You don't know what the purpose of the first hammer was. Maybe it was made to crack open a nutshell. Maybe it was made to crack a skull. It doesn't matter, a hammer does a fine job driving nails into wood regardless.

[mmortal03]

I heard that Bitcoin was actually a riddle wrapped in a mystery inside an enigma...

Edward Nigma, anyone?

Someone could do an orange Riddler suit with the Bitcoin symbol for Halloween...


To extend the quote:
"I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma; but perhaps there is a key. That key is Russian national interest."
- Winston Churchill

and, therefore:
"I cannot forecast to you the action of Bitcoin. It is a riddle, wrapped in a mystery, inside an enigma; but perhaps there is a key. That key is Bitcoin national interest."

[manselr]

OP is actually right, thinking you know what will Bitcoin do next is like trusting OP... not a good idea. It's all speculation. Even tho, I like OP's idea, I think the same, it will crash hard, then it will go higher than ever.

[V500]

when bitcoin crashes below 200$ it will be considered a fail. Too high inflation.
Satoshi didn't calculate into the equation the speed with which things spread in the internet. Halving only every few years was an error.
Bitcoin below 100$ will mean people will switch to uno which halves down every 208 day, which is much more according to the nature of the net.
Bitcoin below 100$ will mean it will be cheaper than unobtanium then because that will first in price and then marketcap surpass it.
Again: bitcoin halving too slow, too high inflation.
If paypal doesn't get it off the ground now i'd consider bitcoin failed due to high inflation.
Uno is sha256 too. All mining gear can be moved over in very short time.

currently 30 new coins a day. After october 15 new coins a day. there you go.

Again: it is 2014 now. Bitcoin crashing hard now below 100$ will risk total failure. It will be very reasonable to replace it then with something more friendly to investors. Cut the inflation.


leg up now on paypal-news or dump it in uno, seriously. 9 months bear is insane. 3 months more and uno will take its place. Bubble or end of the road.

Satoshi thought of behaviour of society when he created the halving schedule. He did not think of the behaviour of the net. Error!
Things spread within days around here, not years.

[piramida]

Again: it is 2014 now. Bitcoin crashing hard now below 100$ will risk total failure. It will be very reasonable to replace it then with something more friendly to investors. Cut the inflation.

Of course, please do replace it with whatever altcoin you put your money into! We will all follow you because I don't know why, we just will.

As for inflation, duh, it's guaranteed to be 50% *total* in the next 100 years, as 2/3rds of the coins are mined already. You want a coin that will stop producing before any infrastructure for it is created and which will completely disappear into void in a couple of years? Go ahead, suit yourself Please also try to persuade at least 1 Kilohash of mining power to follow you I'll laugh from here.

[LordSonjai]

when bitcoin crashes below 200$ it will be considered a fail. Too high inflation.
Satoshi didn't calculate into the equation the speed with which things spread in the internet. Halving only every few years was an error.
Bitcoin below 100$ will mean people will switch to uno which halves down every 208 day, which is much more according to the nature of the net.
Bitcoin below 100$ will mean it will be cheaper than unobtanium then because that will first in price and then marketcap surpass it.
Again: bitcoin halving too slow, too high inflation.
If paypal doesn't get it off the ground now i'd consider bitcoin failed due to high inflation.
Uno is sha256 too. All mining gear can be moved over in very short time.

currently 30 new coins a day. After october 15 new coins a day. there you go.

Again: it is 2014 now. Bitcoin crashing hard now below 100$ will risk total failure. It will be very reasonable to replace it then with something more friendly to investors. Cut the inflation.


leg up now on paypal-news or dump it in uno, seriously. 9 months bear is insane. 3 months more and uno will take its place. Bubble or end of the road.

Satoshi thought of behaviour of society when he created the halving schedule. He did not think of the behaviour of the net. Error!
Things spread within days around here, not years.

you don't know what you are talking about either which is my point,no one knows.
This technology just opened new doors that we wouldn't have even imagined. You can send thousands of dollars within seconds for a small fee as opposed to paying a 25 dollar fee to the bank that takes hours or even worse days. Bitcoin is 24/7 the bank is blah blah blah blah blah blah blah BLAH BLAH . My point is that even if bit coin disappears it couldn't fail because it just loosened the chains of economic SLAVERY  just a bit.

WHO WOULD OF THOUGHT we could transfer a sum of money in seconds,wow. You mean to tell me the banks were jigging us all these years?Wow. Who would of thought.