Who will take a $100 bet we do not see single digits by 2020.
Sounds like you haven't thought this through, OP. Why would you, or anyone else, put $100 in escrow for five years, on the off-chance of winning $100? Sounds ridiculous.
@Blazr: make sure he escrows at least 10 BTC, because that's what you'll need to get $100 when BTC hits single digits.
^Matt, if you don't stop handing out tuggies, I'm gonna have to go ahead and start reporting your inconsequential posts. *At least have the decency to crop the post you're responding to, not like seeing that wall of text once wasn't enough. ty
... Please tell me what you think schould be improved on Bitcoin ?... I understood that Bitcoin is semi-anonymous, but really after using Bitcoins for 2 years now, I see how easy it is to make new wallets and transfer around the bitcoins, so no one would ever be able to track anything from those transactions??? Even if they wanted, its almost impossible to prove anything.
Well yeah, that's what DPR, Faiella & Sherm all thought too. The G-Men have a big computer.
Just a theory, but I have a gut feeling that if we witness another bubble cycle, the majority of traders will underestimate the peak, possibly by a significant amount.
... a fantasy world for you where everything is stable but THATS NOT reality!
anyone who makes business plans based on this stability fantasy will eventually find out the whole economy was built on a house of cards.
My grocer thinks the price of milk doesn't change from day to day, and so do I. Since the two of us share the same crazy delusion, I know how much my milk's gonna cost me tomorrow. See how nice everything works out, Robert Paulson?
... In an opensource community why pay the core devs so much, really Gavin needs 100k? Correct me if I am wrong but last time I looked he had atleast 25k bitcoin?
Well, see, that's where you're wrong. It's not Gavin's fault he got paid so much, apparently it was just an accounting quirk introduced by Miss Lindsay Holland, who only earned $160k/yr, so minor slipups like that are perfectly understandable.
Lindsay WAS the Foundation at the beginning, and did EVERYTHING (including single-handedly organizing the San Jose conference).
She, like me, got a huge salary boost because the Foundation's original policy was to set the exchange rate for paying salaries once per quarter. That policy changed pretty quickly (neither Lindsay or I had any influence on our own salaries or the policies for how they were paid) to "use the CoinDesk price index on payday."
You have to remember that even simple things like "which exchange rate should be used to pay employees" didn't have simple answers back then (nobody had created a cross-exchange, volume-weighted price index).
I believe she left the Foundation partly because of annoying misogynistic Internet trolls like the ones found in this very thread....
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BoardSpeculation
Re: Buttercoin shutting down due to "low interest in Bitcoin among investors"
... Mt Gox had a chance to gain business partly because it was only after people got used to trading on it that they realized Mt Gox was an acronym for a stupid name.
Another Bitcoin business made possible by Bitcoiners' ignorance
This Peenemünde of yours looking a bit deserted... Are you war criminals gentlemen absolutely certain that more terror weapons moon rockets are still being made?
Excitement among tech startup people is a lot higher than the regular people out there who might use their products. I think they're overestimating how many crypto users there are right now. Netagio was another that closed due to lack of interest from actual customers.
Exchanges must be a bitch to run and make money from. Only a small hard core would use it multiple times a week. The rest might make one trade on occasion and that's only a fraction of a per cent for the owners. You gotta spend vast amounts on security and pleasing The Man let alone gain the trust of your customers.
It would be a worry if an established exchange shut down for lack of interest. This is another example of VC money going up in smoke without having gained traction.
BTC exchanges have high volume of BTC exchanging hands but BTC market places do not. It shows that BTC is being used predominantly for speculation/trading... And of course hoarding.
I cannot see how the BTC economy can thrive at this point if the people use the currency to mostly hoard or speculate. Which of course we all are guilty of.
You know what else is pretty stagnant about Bitcoin? Development. With all the talk of "revolutionary, disruptive technology," Bitcoin hasn't changed much in 6 years. And now, with Bitcoin Foundation effectively bankrupt & 2.7TPS limit still in place, who'll pay for development?
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Re: Bitcoin is a game of conviction
by
Anotherthing
on 06/04/2015, 16:03:46 UTC
>Re: Bitcoin is a game of conviction
As in "becoming a convict" you mean? Like Charlie Shrem, the Vice Chairman of Bitcoin Foundation?
After obama allow state to confiscate all Cryptos holdings without any warnings what did you through about the future of bitcoin globally and in America ?? Will the price shut down ??
Kind Of Respect , Bitcoin Boy .
How does this differ from any other financial asset, apart from the governments inability to intervene directly?
Well, Bitcoin simply screams "I support ISIS & buy child porn on illegal DARKnet markets," for one. Like wearing a sandwich board with "Hallo! I'm breaking ur lawz! Arrest immediately pl0x!"
Russia[edit] As of 2014, bitcoin is illegal in this country.[8] On January 27, 2014 the Bank of Russia issued a statement on bitcoin usage in which it was characterized as money substitute banned for emission in Russia. The Bank warned against potential illegal usage of such substitutes, including money laundering and financing terrorist activities. It also stated that exchanging money substitutes for any hard currency would be regarded suspicious.[104] In February 2014, Russia's Prosecutor General's Office claimed that bitcoin is a money substitute and "cannot be used by individuals or legal entities".[105] In September 2014, Deputy Finance Minister Aleksey Moiseev announced that a law will be passed banning their exchange into real money by Spring 2015.[106]
No one cared about Bitcoin. Until they did. And then didn't again.
In Cryptocurrency's fast-paced, ever-changing world, those not busy being born are busy dying. Bitcoin's already 97 in crypto years, you do the math.
Join us, 3x2, and live!
This thread is not for pumping alts, it's for discussing Bitcoin price movement and posting pictures.
No reason to be so cynical. LEOCoin is anything but an alt, it's simply cryptocurrency done right, by a team of established, mature developers and serious businessmen. Results oriented professionals with proven track records of success.
These men are willing to stake their sterling reputations on LEOCoin's success, and aren't hiding behind cryptic internet pseudonyms. If that alone doesn't pique your interest, LEOCoin's Vice Chairman is not doing a 2-year stretch for money laundering. Very much unlike Bitcoin.