Quote from: vesperwillow on December 13, 2013, 07:58:08 PM

Quote from: opentoe on December 13, 2013, 07:29:16 PM

Quote from: vesperwillow on December 13, 2013, 06:57:30 PM

Quote from: The Avenger on December 13, 2013, 06:12:02 PM

Let's be honest - the only reason knc are doing 20nm is to justify the ridiculous price.

I was thinking today.. I wish I'd had the spare funds a few months back to buy in when it was $100/btc.

Neptune would've cost me a grand ...

This is one reason why I enjoy the possibilities with bitcoin. Sure, the value fluctuates, but that can create some great opportunities for those already in it.

Not really, since KNC still puts the price in USD prices and still requires bitcoin. A company truly accepting bitcoin doesn't look at the USD worth at all. Trust me, weather BTC was $10 or $1000 you still would have had to pay $10k.

Uh.

10 btc purchased at $100/ea = $1,000 my cost.

1 Neptune = $10,000USD, which at the time of availability, would've been 10btc.

10 btc sent to KNC = $1,000 my cost.

What are you missing about this?

Some people don't get the idea that trade differential is a valid investment strategy. It drives me nuts. Bitcoin is a form of currency, i.e. a unit of exchange. If you use your brain, instead of "pure" idealism, you will always make the best exchange you can at any given moment.

Bitcoin is not going to replace the dollar. A cryptocurrency might in the future, but I doubt it. It does, and likely will continue to, work as a secondary currency and as a store of value to some extent. Not as good as gold for that, but better than most anything else right now. It's advantage over gold is that it can be transferred nearly instantly.

There's nothing wrong with your math or your thought process on this.

edited for fucked up quote tags Tongue