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Author Topic: The bitcoin story for the average joe  (Read 3926 times)
crypto97
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January 21, 2015, 08:44:31 AM
 #41

Step 3: Make Sure You Know Your Talking Points: People leaving bitcoin need to have a reason why. Make sure you have one in your pocket especially during step 2. Please choose one of these: "Price Volatility", "Centralized Mining", "Fixed Supply".

If you want to go all out, you must quote all three, and also drop some vague hints that a random altcoin that solves all these problems will very likely overtake Bitcoin as the crypto of choice in the future.

Is that really possible?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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newIndia
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January 21, 2015, 08:49:15 AM
 #42

Step 3: Make Sure You Know Your Talking Points: People leaving bitcoin need to have a reason why. Make sure you have one in your pocket especially during step 2. Please choose one of these: "Price Volatility", "Centralized Mining", "Fixed Supply".

If you want to go all out, you must quote all three, and also drop some vague hints that a random altcoin that solves all these problems will very likely overtake Bitcoin as the crypto of choice in the future.

Is that really possible?

Not even in the distant future.

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January 21, 2015, 08:49:44 AM
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All I see is opportunity! A few years from now we will all look back at this and laugh!

Hopefully a few months from now we will look at this and laugh.
That is exactly the problem in the Bitcoin world. Somebody says, it takes some years to archive something and everybody is just like "Oh, man, can't it happen in a few months? I really want it to happen in a few months. So, I think it is gonna happen in a few months" and in a few months everybody is disappointed, because it hasn't happened, yet.

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