Wow- it's been a while since I've been on this forum (had to take a break due to real-life events). Can someone update me on what's going on with NEM? I paid for one share when this was first starting up (https://bitcointalk.org/index.php?topic=440185.msg4925868#msg4925868) and mostly forgot about it. How do I claim my share?

You cannot be more wrong. Saving is simply deferred spending. It's spending later vs. spending now. You could argue that incentivizing spending over saving is transferring prosperity from the future to the present. In the end it's a zero sum.

This seems like a promising coin. Changed my sig!

It seems to me that the notion of privacy will soon become obsolete. Privacy was really only maintainable as long as humans didn't have the technology for large scale data mining... but as our technology improves privacy will inevitably go extinct. At some point in the future you'll be able to buy a little mini-drone and fly it all over the place taking pictures. Your phone will have an infrared camera so you can see through walls, watch people having sex. In the far future privacy will no longer exist, government or no government.

I don't understand why some people cling onto privacy as some golden ideal that we should all maintain. It's just another element of natural living that's been destroyed by civilization.

It'll be interesting to see if we can reverse the tide from programming standpoint. My guess is that mainstream society will not care enough, however privacy will remain as a niche among those who are passionate about it.

Yes, they are locked in on that particular trade now. With that much money and more to spend, wall st getting in this game is just easy profits

Some real truth here, not like the shills promoting their coin in this forum. I have a little bit of each of these but I would strongly recommend being very very conservative with your altcoin bets. I don't allow alt-coins to exceed 12% of my total position.

LTC, NMC, and PPC - these are first generation alts and have been around for a while. Of these I like NMC the most, I could really see it exploding in five years or so. People these days don't understand Namecoin... its simplicity is its strength. There's a reason why Atlas (wall st.-backed exchange) is implementing support for only Litecoin and Namecoin (outside of Bitcoin).

VTC - adaptive-N scrypt seems like a good longterm bet.

DOGE - for its community which will probably never stop using it. It's got a black market backing its value as well (dogeroad)

NXT - the first PoS coin, lots of development

NEM - seems like a lot of thought going into this coin

HUC - a solid human-mineable coin.

Currently I am looking to buy in cheap for AUR (maybe a couple months after this airdrop plays out), DRK (good dev, lots of real innovation, low inflation), HIC (X11 algo seems like a smart bet, this is more of a short term play as the market cap for this coin is still small so the upside could be huge).


Remember, any and all of these alts could go to 1 satoshi. When you invest and hold an alt, you need to be prepared to lose it all.

I doubt a financial collapse like '08/'09 would affect the price of bitcoin that much. Maybe it would lower bitcoin prices like it did to gold prices during '08/'09. We are headed for another stock market crash and a recession in the the next couple of years (and for the poor/middle class the recession is still not over) but absolutely nothing catastrophic will happen in the next few years.

I agree with you. A lot is riding on when exactly this complete and total collapse comes. If it comes next year bitcoin is probably screwed. If it comes decades from now, who knows what inroads cryptocurrency will have made into society. Kids these days are growing up with technology, it's not hard to imagine when they are adults could trust it just like they can trust hard assets like gold.

I don't think complete collapse is due for a while though... people are just satisfied enough that nobody is even thinking of a revolution these days. The gov't and Wall Street are playing it very smart... slowly and gradually bleed the American citizen instead of taking it all at once. You put a frog in a pan and start heating it up...

I believe collapse will happen decades from now. We have a bit of time IMO




Bitcoin (or cryptocurrency in general) could fit into the first option. Like I said before it depends on the timeframe of collapse. Newer generations are more and more trusting of technology... it's not too much of a stretch to believe that 30 years from now people will be capable of considering mathematical algorithms and lines of code as "inherently valuable."

The thing is, tons of people (myself included probably) would sell before Bitcoin reaches a million. It truly takes balls of steel to hold. What if Bitcoin went to 20k, then dropped to 10k? You better believe tons of people would be selling off and locking profits (and don't say you won't, because the truth is you never know what you'd do until you're put into that situation).

BTC going to $1million wouldn't make us all millionaires. I would be willing to bet that only a small portion of us, say 5%, would become millionaires.

Also, as the above posts mentioned, there is always the chance of the US dollar inflating so that BTC does reach a million... but it wouldn't be in today's dollars

Agreed. I'm not sure if this would make it the "best" time to trade, but there certainly seems to be more action around the time when the US wakes up (7-9am EST) and during dinner time for me (7-8pm EST)

I'm in as a speculator. Once we get enough people we need to share how much we all have in our trading stash, to determine whether we have enough to move markets or not. We can make more money with different strategies depending on the answer to that question

Doubt it. If fiat currency collapses or hyperinflates, people may start wanting to use BTC to actually buy things, that is start using it as a currency. BTC price in USD will not collapse, it will just become irrelevant as hyperinflation makes it a stupidly high number and people don't bother trading in their $100,000 for .001BTC BTC will become "priced" more in food, commodities

Count me in

Alts are very very risky, and the four below are no exception. However, I think there is a lot of potential upside for them.

1. NMC - I can see this coin rocketing 5 years from now, its simplicity is its strength

2. DOGE - say what you want about this one but has a community and it is being used, and far more compared to even Bitcoin when you account for the market cap.

3. NEM - seems very innovative

4. HUC - a solid human mine-able coin. Might not be worth much in the long term but it's a good short and mid-term gamble, very innovative

Some real truth here, not like the shills promoting their coin in this forum. I have a little bit of each of these but I would strongly recommend being very very conservative with your altcoin bets. I don't allow alt-coins to exceed 12% of my total position.

LTC, NMC, and PPC - these are first generation alts and have been around for a while. Of these I like NMC the most, I could really see it exploding in five years or so.

VTC - adaptive-N scrypt seems like a good longterm bet.

DOGE - for its community which will probably never stop using it. It's got a black market backing its value as well (dogeroad)

NXT - the first PoS coin, lots of development

NEM - seems like a lot of thought going into this coin

HUC - a solid human-mineable coin.

Currently I am looking to buy in cheap for MZC (first sovereign crypto), AUR maybe a couple months after the airdrop to see what happens, Mastercoin as a short-term play due to its decentralized exchange coming out in 3 days.


Remember, any and all of these alts could go to 1 satoshi. When you invest and hold an alt, you need to be prepared to lose it all.

Bitcoin defender! I think it's great that someone took the time to make an argument on this site, even though the community is so small.

http://www.youargue.com/topic/191I0

Once ancap becomes firmly established this will not be a problem, others will band together to defeat the "violent gang," if this "violent gang" happens to win it will simply be peaks and troughs of centralization vs decentralization settling on a long-term mean. Also, ancap doesn't require that every single person who owns land/property defend it himself, there will be large communities (perhaps even states) of trust where everybody acknowledges that it is to the betterment of the community to work together.

Ancap isn't feasible now mainly because the technology is hardly there to support it. Freedom of information, a transparent money trail, and the abolition of privacy (yes... I said it... too many libertarians clinging onto privacy, well the notion of social privacy is obsolete now, it is simply another element of human living that will be destroyed by civilization) must all be present for ancap to truly exist.

Lol at all the talk about paying taxes. One word boys and girls: Anarcho-capitalism (serious).





Anarcho-capitalism is one of two logical end-states, with the other being national socialism. Both are completely non-contradictory given their premises (freedom vs. control/safety). I personally don't agree with nat-soc but will acknowledge that it logically follows given its starting assumption.

Ancap seeks to socially apply many of the already-developed principles of economics. The premise of ancap is the non-aggression principle, thus it recognizes the inherent illegitimacy of all government. The problem most people have with ancap is that it necessitates suffering of the weak. If the US were to suddenly go ancap there would be a long period of the weak dying off, a "purge" if you will.... but what people don't understand is that the resulting society would be almost utopic.

I don't believe humanity will see ancap for hundreds of years - it is so far ahead of today's times that no doubt the vast majority of you reading this post will dismiss it. However, as long as we are below the technological Singularity and scarcity exists, ancap is the logical end state. We'll get there... even if it takes centuries of mistakes and rebuilding and mistakes and rebuilding.

The interesting thing about Bitcoin is that it is one of the first true ancap technologies. It makes sense, though - everything follows money and it's only logical that money should be the first to change.

The level of adoption needed to be considered "successful" is subjective. All you need is enough people using Bitcoin in order to be able to easily liquidate, you don't need the whole world. For instance, I doubt even 1 in 20 people in the US have gold. Maybe 1 in 10,000 people using Bitcoin, is enough adoption. It doesn't mean Bitcoin has failed if it will always be used by a niche group.

The thing about TA is that it is the only holistic account of the market. News and sentiment provide one angle, but they are not "complete" (I don't know how else to describe it, English is my second language.) TA draws on aggregate supply and demand which is a "complete" statement of the market. The price is ALWAYS correct. You feel me? I always hear people trying to guess when the whales that "pumped yesterday" are going to dump, honestly trading on assumptions like these will put you at a disadvantage IMO. A price rise could be caused by many things: a single whale getting in short term (which is what people ALWAYS attribute price rises to), but also whales getting in mid-to-long term (and why not squeeze shorts and create a pump while they're at it?), institutional buying, druglords who simply want to transfer their fiat into bitcoin, Chinese government officials who will never cash out (doing so would leave traces of bribery), etc etc etc. Same goes for dumps. The point is we will never know the motivations behind rise and fall. We can only look at the charts.