That's not the point of this thread whether bitcoin is stupid. It's that people are too stupid. I disagree. The biggest issue with the masses is bitcoin doesn't really offer them anything so why use it? Sure we could argue it's a good investment and there's money to be made but for those who bought in at 1000 dollars are still in a massive loss so it's not a risk free investment.

Bitcoin is perfect for use in ransoms and I'm sure it will be used/requested as ransom more often in the future but I think cash is still very good for criminals for most other things. Two drug dealers meet in secret and exchange cash for product and there's no way to know the deal ever happened without some other intel. In fact certain govs are thinking about getting rid of high denomination notes because they're frequently used by criminals to transport funds.

And where's the source for these rumors? Don't propagate bullshit if you can't even back it up.


Pretty sure he was being sarcastic and just using the cliche line the lazy non-bitcoin using public use.

Not always. People might just be saving like they do with cash. When people put money in banks they rarely do it just for the interest (which is minimal these days and not worth it anyway unless you have huge sums of cash that can be tied up long term).

Depends on what happens. I think it will be good if the price skyrockets (which it should) as that will get bitcoin mentioned in the media again and hopefully get more laggards on board, but if it crashes back down soon after in will come all the negative press attention about it becoming another bubble. Hopefully the price will rise and stabalise pretty nicely and avoid a crash.

I use them both for different things. I would only use Paypal with ebay for instance as Paypal is great if there's a dispute between the seller or if you get scammed because you'll easily get your money back but that's where it can be abused by criminals. You could easily get scammed using bitcoin though if you didn't use an escro. But bitcoin is great for purchasing services like hosting and proxies or if you wanted to buy stuff from the deepweb you're going to have to use bitcoin  so both have their uses and positives or negatives.

Yeah this is what I was going to say. I'm sure there's lots of people here who don't give a fuck about bitcoin and just post here to get bitcoin which they will cash out as soon as they get it. Not that that's a bad thing really as anyone who uses bitcoin is helping spread adoption but I get the feeling if it wasn't for signature campaigns half the members wouldn't be here or would leave if the campaigns dissapeard.

I think you should state your reasons why. You can still easily make money either by buying low and selling high or joining a signature campaign. My excitement about bitcoin my have wained a little but I still believe in it but realize it will likely take time before we ever see any big gains again. I have patience, though.

I'm not holding my coins for a price increase per se but rather holding them for the long term (though naturally I expect their value in the future to have risen). If bitcoin is going to be adopted by the mainstream it will take a while but I have the patience.

I think Real Madrid v Malmo will be a better game as it potentialy could be a high scoring game which are good for this prediction as the laggards may even get a chance to win  .

I keep most of my funds offline just in their wallet.dat, but I have a little in blockchain.info so I can make payments quickly and from my phone on the go but I also have some on a ledger nano (which is a cheap and secure hardware wallet if you want to buy a physical wallet).

If you think there aren't going to be any more gox-type situations of massive thefts from others you're being quite naive. Any site or person who holds bitcoins no matter how small or large is going to be a target. The more coins you have the bigger target you'll become.

I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano

Why do you need big quantities? If you have 10-20 selling one or two inst a big deal. I wouldn't mind selling a couple if it skyrocketed but it depends how much by but I would still rather keep most of them.

It's quite easy to earn that amount from this forum alone. As many others have said signature campaigns are your best bet. You could even create a couple of accounts then sell them eventually. Hero accounts seem to go for 0.5 btc so if you had 2 you could make 1btc right there though I think it takes 1.5 years to get a Hero account.

I think different wallets suit different people and their needs. The average Joe doesn't really need to use bitcoin core and lite clients are much better for them.

It's easy you just have to wait for the entire blocchain which can take hours even days. For the average joe I would just use a lite client.

There is always risk unless you're  covered with collateral, but the most risk is on the lender especially when they put faith and trust in the borrower and that's when scams happen but lending money when you already have it is silly in my opinion.

It would certainly matter of it went to 1 dollar. Something would almost certainly be up and wrong if it went to that value and miners would abandon it like rats from a sinking ship because they're not going to mine for free. I agree that the price today doesnt matter that much and it hopefully will be a different story in 5-10 years.

Each business will be different but its impossible to tell how profitable any sort of advertisement is, but what it does do is get your name out there which you should concentrate more on rather than just trying to turn a profit in the first month which likely isn't going to happen. I think signature campaigns can be cheaper and give you much more exposure, though.