Why not both? Diamonds are [arguably] pretty, industrial diamonds aren't worth shit. Beanies are [arguably] soft and fuzzy, common Beanies aren't worth shit.
What am I missing?

P.S. Some diamond stats:

[Suspicious link removed]j.net/public/resources/images/OB-FP067_ROI002_NS_20100211185354.gif[/img] [Suspicious link removed]j.com/articles/SB10001424052748704337004575059723597630174

Geesh!

Amazing paranoia! Replace "suspicious link removed" with "WS," or google "Diamonds Aren't an Investor's Best Friend - WSJ"

Why? Both Bitcoin and Beanie value is based on artificially limited supply. Why do you think Beanies are worth so much?
"The company's strategy of deliberate scarcity, producing each new design in limited quantity, restricting individual store shipments to limited numbers of each design and regularly retiring designs, created a huge secondary market for the toys and increased their popularity and value as a collectible." - https://en.wikipedia.org/wiki/Beanie_Babies
Please educate me.

What do you mean by "troll"? I give you facts, and you call it trolling. You know who does that? Cultists, that's who.

If there was a dollar website where financially illiterate rubes were conned into buying the USD because by December, it would be worth ... let me check ... 1550% as much as it is today? You bet your ass! I'd be all over that shit

Typical Bitcoiner math

>So...you're not a "Bitcoiner"?

No. Just like I'm not a Dollarer when I use the USD, or a Waterer when I use water.

Bitcoiner = brainwashed, delusional bitcoin fanatic. The sort of a guy who thinks BTC will go to $10k by December and cure cancer while doing it.

Expert off by        ~$290
Bitcoiners off by   ~$9,700

You decide . . .

No, he probably means 2014.

56% of Bitcoiners Believe the Bitcoin Price Will Reach $10k in 2014

Quoted for posterity.

I was told not to sell my bitcoins before the halvening day, because the price will moon on the halvening day.
Is this it? Should I sell now?

^
Probably more than they care about AOL.

.@Andre#, It's propaganda. Propaganda doesn't have to make sense, it only needs to work on its target demographic.
If the overall effect is positive (if it fosters desired beliefs in the target demographic), it's good. If not? It's bad.
It makes absolutely no difference if you and I cringe when we read it - we're not the target demographic.

Still on block 209,999

It takes time for the difficulty to adjust. See bold.

TL:DR: if half the hashpower goes offline, it would take ~20, instead of ~10 minutes, to solve a block.
At that rate, the next difficulty adjustment will happen in (20 * 2016) = 40320 minutes, or 672 hours, or 28 days.
It's unlikely that half of the miners will go offline tho, but, if everyone is mining at the edge of profitability, it's possible that *more* than half would. Unlikely, but possible.

You're angry, my special friend. People are dumping hard & you're gonna get margin called.
I get it, I'd be shitting myself too if I went long.
Cheer up, your money isn't lost. It merely moved to smarter hands. Bitch

No. Miners are free to charge you whatever they wish. Since they get only 1/2 the coins (12.5 BTC) for solving a block, they may wish to make up for that in fees. Or not.
When miners go offline, hashrate goes down, blocks will take longer to solve, and transactions take longer to confirm. This will be compensated for at the next difficulty adjustment, which will happen after 2016 blocks are solved. https://en.bitcoin.it/wiki/Difficulty

If you want the boring stuff, some more details:
1. Miners don't have to include your transaction, so if you didn't include a high enough tx fee, or they simply don't feel like it, your tx won't be included in the next solved block.
2. Difficulty is not adjusted continuously, but only once every 2016 blocks. If enough miners go offline at once, the difficulty doesn't immediately go down. see my previous post.

ELY5:
The transactions are only confirmed when a block is solved.
At current difficulty, with two miners, the transactions will never get confirmed.
Because a block will never be solved.
Because, with just two miners hashing, it would take many years to solve a block.
You ignorant cunt

Bitcoin all grown up; is done wilding.

Back then, we still had shitloads of hobby miners with GPUs. Hobby as in "I do this because I think it's fun."
Right around halving time the first ASICs came out. A quantum leap in hashrate, obsoleting all the FPGAs/GPUs.

Decrease at next diff. adjutment, not right away.
But there's no reason for miners to shut down right away. Mining at a loss might be worth it to drive the competition out of business. It's a Mexican standoff.


Clearly another moron. At current difficulty, a block would *never* be solved with just 2 miners. Blocks are solved in *about* ten minutes at current difficulty and current hashrate.  Cut the hashrate, and the time to solve a block increases proportionally. Cut it enough, and you'll never get to the next difficulty adjustment.

That's a great way to be. Expect nothing, and you'll never be disappointed.


Exactly! There'll be writing about us in finance magazines for years to come! http://fortune.com/2015/03/11/beanie-babies-failure-lessons/

Coinbase just cut service to Germany and in the process of cutting Canada (because another Bitcoin business, Vagoogo or something, their payment processor, is folding).
But per OP, "DNMs, gambling, and exchanges don't count."


Thus far, the following proved to be relatively successful.
1. Ponzi schemes:                                Bitcoin Forum > Economy > Marketplace > Gambling > Investor-based games
2. Gambling:                                        Bitcoin Forum > Economy > Marketplace > Gambling
3. Usury and theft:                               Bitcoin Forum > Economy > Marketplace > Lending
4. Selling dreams to suckers:                  Bitcoin Forum > Economy > Marketplace > Securities
5. Selling carded goods/pirated software: Bitcoin Forum > Economy > Marketplace > Goods > Digital goods
6. Farming/selling Bitcointalk accounts:    Bitcoin Forum > Economy > Marketplace > Auctions