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username18333
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October 13, 2014, 02:30:41 AM |
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What's the network effect of USD? Think any crypto can overcome that?
The network effect of USD is shrinking and slowly being replaced by bilateral currency agreement with China RMB. Not at all. Tons of people outside of the US are using the USD as a store of value because its relatively stable compared to whatever their country has. Yes even China, Brazil. India Russia and South Africa. But what wil happen when suddenly all of them dump it? They probably will not dump the dollar anytime soon. The reason for this is because there is no viable alternative to the dollar, also many of these countries do not have a stable economy and would experience large swings in prices if they abandoned the dollar. GE coins are a perfectly viable alternative: the empire would merely need to swap-out those states' USD for GEC. I don't think that GE coins are a real altcoin. GE has no reason to make their own crypto currency as running one would cost them money when they can simply issue stock to use as currency See this.  Wow, I didn't think you were serious. I guess people are always coming up with ways to try to make a few bitcoin with a new altcoin (Why does no one believe the GE to be a real thing? [Haven't they heard of "grass-roots" politics‽  ]) |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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BTCmoons
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October 13, 2014, 03:30:16 AM |
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What's the network effect of USD? Think any crypto can overcome that?
The network effect of USD is shrinking and slowly being replaced by bilateral currency agreement with China RMB. Not at all. Tons of people outside of the US are using the USD as a store of value because its relatively stable compared to whatever their country has. Yes even China, Brazil. India Russia and South Africa. But what wil happen when suddenly all of them dump it? They probably will not dump the dollar anytime soon. The reason for this is because there is no viable alternative to the dollar, also many of these countries do not have a stable economy and would experience large swings in prices if they abandoned the dollar. GE coins are a perfectly viable alternative: the empire would merely need to swap-out those states' USD for GEC. I don't think that GE coins are a real altcoin. GE has no reason to make their own crypto currency as running one would cost them money when they can simply issue stock to use as currency See this. Wow, I didn't think you were serious. I guess people are always coming up with ways to try to make a few bitcoin with a new altcoin (Why does no one believe the GE to be a real thing? [Haven't they heard of "grass-roots" politics‽ ]) It is a knock off of General Electric. People will assume that the company GE made the coin even though it was made by someone very different from GE. |
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username18333
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October 13, 2014, 03:35:36 AM |
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What's the network effect of USD? Think any crypto can overcome that?
The network effect of USD is shrinking and slowly being replaced by bilateral currency agreement with China RMB. Not at all. Tons of people outside of the US are using the USD as a store of value because its relatively stable compared to whatever their country has. Yes even China, Brazil. India Russia and South Africa. But what wil happen when suddenly all of them dump it? They probably will not dump the dollar anytime soon. The reason for this is because there is no viable alternative to the dollar, also many of these countries do not have a stable economy and would experience large swings in prices if they abandoned the dollar. GE coins are a perfectly viable alternative: the empire would merely need to swap-out those states' USD for GEC. I don't think that GE coins are a real altcoin. GE has no reason to make their own crypto currency as running one would cost them money when they can simply issue stock to use as currency See this. Wow, I didn't think you were serious. I guess people are always coming up with ways to try to make a few bitcoin with a new altcoin (Why does no one believe the GE to be a real thing? [Haven't they heard of "grass-roots" politics‽ ]) It is a knock off of General Electric. People will assume that the company GE made the coin even though it was made by someone very different from GE. There, "GE" is short for "Great Empire" (as in, Great Empire of Earth). |
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abrahamlitcoin
Member
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Activity: 81
Merit: 10
♔ of ♥
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October 13, 2014, 02:17:19 PM |
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Patient will pay off big time for those who believe in bitcoin.
Until when? Until the next bitcoin boom |
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SunBin
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October 13, 2014, 03:54:39 PM |
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How many user here holding since January and still around?
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bitsalame (OP)
Donator
Hero Member
Offline
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
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October 13, 2014, 11:54:35 PM |
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me
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touhonoob
Newbie
Offline
Activity: 42
Merit: 0
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October 13, 2014, 11:59:48 PM |
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me
Will the price rise to 10K in 2015 |
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SomethingElse
Full Member
Offline
Activity: 210
Merit: 100
Looking for the next big thing
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October 14, 2014, 07:23:31 AM |
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I think that OP is right that Bitcoin has a lot going for it.
I especially like that weak or sloppy business are burning up.
VOD is right though. As far as a tech goes, it's pretty awesome but has a few serious issues to be examined.
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NEM
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bitsalame (OP)
Donator
Hero Member
Offline
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
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October 14, 2014, 02:02:51 PM |
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me
Will the price rise to 10K in 2015 Between 10K to 100K Depends on how many industries it disrupts. |
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erre
Legendary
Offline
Activity: 1652
Merit: 1205
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October 14, 2014, 02:07:46 PM |
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How many user here holding since January and still around?
Me too! And I buyed @ 1000  |
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touhonoob
Newbie
Offline
Activity: 42
Merit: 0
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October 14, 2014, 07:40:07 PM |
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me
Will the price rise to 10K in 2015 Between 10K to 100K Depends on how many industries it disrupts. 100K  Unbelievable It's 100x ROI |
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bitsalame (OP)
Donator
Hero Member
Offline
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
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October 14, 2014, 10:36:25 PM |
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me
Will the price rise to 10K in 2015 Between 10K to 100K Depends on how many industries it disrupts. 100K Unbelievable It's 100x ROI Today's prices is 1000x return for many of us who have been since the beginning. If prices jumps to 10K USD would be 10000x or higher. |
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CryptoCarmen
Member
Offline
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
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October 15, 2014, 03:06:06 PM |
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How many user here holding since January and still around?
lol, January is not that far back. You wil find many here if you will ask how many hold from 2012. |
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scarsbergholden
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October 18, 2014, 11:55:15 AM |
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me
Will the price rise to 10K in 2015 Between 10K to 100K Depends on how many industries it disrupts. 100K Unbelievable It's 100x ROI Today's prices is 1000x return for many of us who have been since the beginning. If prices jumps to 10K USD would be 10000x or higher. It is really not realistic to expect the price of bitcoin to continue to rise as it has in recent years. We are already starting to see the 'law of large numbers' take effect in restricting how far up the price of bitcoin can rise. I do think the price of bitcoin will rise in the future however I do not think we will see the huge increases that we have seen in the past |
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polynesia
Legendary
Offline
Activity: 1358
Merit: 1000
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October 19, 2014, 12:55:47 AM |
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me
Will the price rise to 10K in 2015 Between 10K to 100K Depends on how many industries it disrupts. 100K Unbelievable It's 100x ROI Today's prices is 1000x return for many of us who have been since the beginning. If prices jumps to 10K USD would be 10000x or higher. It is really not realistic to expect the price of bitcoin to continue to rise as it has in recent years. We are already starting to see the 'law of large numbers' take effect in restricting how far up the price of bitcoin can rise. I do think the price of bitcoin will rise in the future however I do not think we will see the huge increases that we have seen in the past I guess it will take a lot longer for price increases to happen. |
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bitsalame (OP)
Donator
Hero Member
Offline
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
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October 19, 2014, 01:52:19 AM |
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me
Will the price rise to 10K in 2015 Between 10K to 100K Depends on how many industries it disrupts. 100K Unbelievable It's 100x ROI Today's prices is 1000x return for many of us who have been since the beginning. If prices jumps to 10K USD would be 10000x or higher. It is really not realistic to expect the price of bitcoin to continue to rise as it has in recent years. We are already starting to see the 'law of large numbers' take effect in restricting how far up the price of bitcoin can rise. I do think the price of bitcoin will rise in the future however I do not think we will see the huge increases that we have seen in the past I guess it will take a lot longer for price increases to happen. Unless we have a china syndrome version 2, when India starts adopting bitcoins. |
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LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
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October 19, 2014, 09:44:25 AM |
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HODL BUT CODL!
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ElysianBaws
Newbie
Offline
Activity: 48
Merit: 0
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October 19, 2014, 10:11:48 AM |
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K not ever selling my coins anyways  hold them tight. |
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bitsalame (OP)
Donator
Hero Member
Offline
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
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October 19, 2014, 06:59:57 PM |
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cassimares
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October 19, 2014, 09:00:32 PM |
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Hodling hard until it reach $10,000...
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