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Showing 12 of 12 results by J.Jade
You just need to be careful with it. Ebay doesnt hate bitcoin. Paypal ABSOLUTELY!! hates bitcoin...
It's essentially the same company.
It's the same bunch of shady characters.
Glad I left ebay years ago.
Re: 2013-07-01 WSJ - Winklevoss Twins File to Launch Bitcoin Exchange-Traded Product
I never understood what's the advantage of buying shares in a trust over buying the underlying commodity itself.
Well i'm just a private individual not a VC though.
I'm also just a private individual. That's why I don't have a massive, impenetrable vault in my basement for storing my gold, instead I just buy gold ETFs. Similarly, although I have the technical experience to safely store my bitcoins, most people do not. These people will certainly not buy actual bitcoins, but they may be willing to invest in a bitcoin ETF where they don't have to worry about that. That's the advantage.Well i'm just a private individual not a VC though.
However this advantage comes with the added risk of not directly controlling the commodity and having to trust the ETF entity so I doubt it is a true advantage.
Neither gold or bitcoins need much storage space. And in case you own considerable amounts you can also afford extra security.
I think it's not very intelligent measuring BTC "profits" or "losses" in fiat in longer term because of inflation.
The possibility that Bitcoin becomes a dominant currency should not be ruled out, too.
The only reason BTC profits and losses are measured in fiat by most people is the current dominance of fraudulent fiat monetary systems which only work because of mass indoctrination and coercion by governments. Anyone using his or her free mind would not accept and use fiat money.
The possibility that Bitcoin becomes a dominant currency should not be ruled out, too.
The only reason BTC profits and losses are measured in fiat by most people is the current dominance of fraudulent fiat monetary systems which only work because of mass indoctrination and coercion by governments. Anyone using his or her free mind would not accept and use fiat money.
Re: 2013-07-01 WSJ - Winklevoss Twins File to Launch Bitcoin Exchange-Traded Product
I never understood what's the advantage of buying shares in a trust over buying the underlying commodity itself.
Well i'm just a private individual not a VC though.
Well i'm just a private individual not a VC though.
Did you think about that what will happen in e.g. 2050 with this 'bitcoin chain'? Will it increase from 8GB to e.g. 8TB? 
If bitcoin ever goes mainstream I think 8 TB is too low to be considered a reasonable estimate for the year 2050...
Actually I think it's too high given the current protocol.
Assuming the protocol doesn't change, there is currently a 1 megabyte maximum size for a block. A block is added to the blockchain approximately every 10 minutes.
...
Will it always be 1 MB / block - can this be changed? Will this suffice to process all transactions in future?
Did you think about that what will happen in e.g. 2050 with this 'bitcoin chain'? Will it increase from 8GB to e.g. 8TB?
If bitcoin ever goes mainstream I think 8 TB is too low to be considered a reasonable estimate for the year 2050...
Thought experiments are always fun.
But you're still living in the present. So why not take the opportunities that are available now?
If bitcoin succeeds large scale it won't matter that much if you started back in 2009 or in 2013: It will improve your life.
But you're still living in the present. So why not take the opportunities that are available now?
If bitcoin succeeds large scale it won't matter that much if you started back in 2009 or in 2013: It will improve your life.