What's more safe? Sticking with the status quo. The problem is if you stick with it for too long. Then the new status quo has changed and you're investing in old school investments that will never go anywhere close to as far as cryptocurrency.

You've just got to go for it. You waited too long already!

He thinks it's going to be insurable? Ok if I'm an insurance company,im not insuring some tool who keeps 100k on an exchange because... He's a tool. How do you insure someone who is smart with their bitcoins though? Have a survey? It just seems like it's so easy to fake the right answers but be so naive with your security that it's impossible to quantify the amount you would need to pay vs. The amount that's being insured. That said, there's companies making money off of pet insurance so...

I think this guy is way too optimistic about how much you can actually regulate an unregulated currency. It baffles the mind.

Oh and his dumbed down version of a multisig bitcoin wallet stamped on a piece of gold, pure genius. No one has ever thought of that. /s.

I'd much rather have my private keys stamped on something with a higher melting point. Good old tungsten. The price is right and not even a burning house can't melt it.

Usually the obvious answer is the right one.

BUY and HODL. If you ever sell you just cost yourself future money. Way to go.

Owned* and definitely not a billion worth. Assuming he wasn't bsing, he claimed to have sold all of his bitcoins. I doubt anyone believes that though.

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Not true at all. No exchange is going to list them as equal. More like 95/5 or 99.9/0.01. That's just for the people who will gamble and try out the altcoin.

What kind of massive supercomputer would be needed to constantly watch everyone's menial spending? Just charge sales tax. It's 100% easier. If people are ripping off the govt then they'll just increase the sales tax.

If after 9 years you still don't know what bitcoins are for, you're doing it wrong. Enough said.

I'd be more than happy to help you test your bitcoin mixer. I have sent you a PM and look forward to your response.

Holy crap this is amazing. They explicitly said they won't be taxing bitcoins. What a great opportunity for everyone in Australia.

50 Satoshis/Byte is about a quarter of what you would have needed if you wanted your transaction to confirm within a few blocks. Always check before you send the transaction.

  wow. Personally I believe there are far better uses to computer power and time than this petty theft. It's interesting in a purely scientific way, but I won't be involved.

Aha, another great alternative. Personally I've just been using altcoins and convincing others to use said altcoins but this is an option if I'd rather stick either the tried and true bitcoin transaction I wanted to do right from the beggining.

That's the absolute best advice. Own your own private keys. If someone else knows your privately key ie. a web wallet, you do not own any bitcoins. Buy some bitcoins and store them in a wallet you created securely. Good advice.

I don't think you understand what a fork is. Let me draw you a diagram.

Y

Incase that didn't get through to you, you'll own just as many bitcoins as you did before. You'll just own two different kinds of bitcoins. If the price drops then you've lost brain dead sheep to the slaughter. It's not a big deal.

They won't approve the ETF because bitcoins can't be regulated so people need to get over the idea of having an ETF that's based on bitcoin prices. Maybe if part of someone's company was invested in bitcoins there would be a chance of that happening but basing a fund solely off of the price of bitcoins can't happen.

This. I was looking to sell some bitcoins a few weeks ago but now I just can't let them go. I'm not desperate so I definitely don't want to sell at such an amazing high.

I tried to recoup 0.05BTC that I lost. I ended up losing 0.07 more on bitcoin. That was pretty much all the bitcoins I had so I've never gambled since.

Bitcoin? No. But some virtual currency will definitely be taking over in the distant future. My guess would be 25-40 years from now cash will only be used by criminals.