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Showing 3 of 3 results by rethyk
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Board Hardware
Re: Isn't anyone else suspicious?
by
rethyk
on 12/12/2013, 14:55:26 UTC
call me naive or foolish if you want, though some of the companies listed have shipped product before.  what that tells me is they have some sort of idea of what is required to give accurate ship dates and are not flying by the seat of their pants as was the case with BFL, but lets not talk about them.  I will admit that I've got a pre-order for a BA X-1 and thinking about a 2nd unit if I see progress and a finalized design but at the same time I'm only spending money that I know I won't miss in case things go really south.  the biggest problem is people are stretching themselves and aiming to be dependent on the money that they should be bringing in with the miners and if you ask me that's just asking for trouble.
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Topic
Board Hardware
Re: Black Arrow - Status of pending orders - Prospero X-1, X-3, and Minion
by
rethyk
on 12/12/2013, 14:27:09 UTC
Username: Rethyk
Order No.: 9xx
Payment Date: 10-Dec-2013
Currency: BTC
Machine Type: Prospero X-1
Quantity: 1
Country: Canada
Vendor: Minersource.net
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Topic
Board Beginners & Help
Re: Will bitcoin reach $10,000 one day...?
by
rethyk
on 08/12/2013, 23:00:18 UTC
i think that bitcoin has two possibilities in two years roadmap:

a) value near around 3000-7000$
b) value between 0 and 100$

..and what will be? nobody knows


I pick a) but hard to believe Bitcoin would not reach $10,000 before stabilizing at $3,000-$7,000  within two years

i also think that second altcoin will be litecon... becaue bitecoin has one disadvantage - is not fast. i cant imagine the situation, that in restaurant i will pay with btc and then wait to 3 confirmations. this is the weakness of btc. so in my opinion is btc "gold" (fast and small transactions is not necessary) and litecon "silver"

next question is -  what value would have usd in two years? inflation....

First of all you don't need 6 or 3 confirmations. Those are arbitrary numbers. 99.9% of time you 'll be fine with 1 especially for low amounts like a restaurant bill.
In any case for pos like starbacks even 0 confirmations will do the job. Of course some kids will try to take advantage and order a coffee and then double spend but it isn't worth the trouble anyway

While it may not be worth the trouble to you or me, I think to greedy corporations that don't want to incur any losses it might be a bigger deal which is why I'm not looking away from litecoins.  That said tho, while we all would like btc to reach sky high levels, I don't see it going much higher than 2500-5000 in the next few years.  then again I could be totally wrong tho since back in april I thought it would never go higher that 200$ lol