Topic: Bitcoiners from 2012: What are you doing now? (Read 2408 times)
Im new in this community i hear about bitcoin and i gain money if i used my brain in this community and im trying what i can do to gain money using my knowledge but im not too smart for this community but i can make it
1m$ is definitely an understimate for a life of sailing the sea on a yatch. You would need a solid 10+ for that.
As for the people that got legit rich, they were extremely lucky, thats all. They bought tons of BTC for peanuts in 2009, and the ones that bought less (but still a decent amount) hold by accident because they forgot about BTC for 3 years and sold when they heard about it again on the news as the big pump happened. It's being at the right time doing the right thing. I wish we could all become rich with BTC at this point, but we would need BTC to take the lead as the #1 electronic payment method. For this, the blocksize problem is a big problem, and im not sure if Bitcoin will ever be able to achieve that technically, someone correct me if im wrong.
Did satoshi design Bitcoin in a way that it couldn't deal with tons of transactions per second, or it was a design flaw?
As for the people that got legit rich, they were extremely lucky, thats all. They bought tons of BTC for peanuts in 2009, and the ones that bought less (but still a decent amount) hold by accident because they forgot about BTC for 3 years and sold when they heard about it again on the news as the big pump happened. It's being at the right time doing the right thing. I wish we could all become rich with BTC at this point, but we would need BTC to take the lead as the #1 electronic payment method. For this, the blocksize problem is a big problem, and im not sure if Bitcoin will ever be able to achieve that technically, someone correct me if im wrong.
Did satoshi design Bitcoin in a way that it couldn't deal with tons of transactions per second, or it was a design flaw?
Did satoshi design Bitcoin in a way that it couldn't deal with tons of transactions per second, or it was a design flaw?
I wouldn't call it a flaw, more a reflection of the limits of technology. Hard drives and RAM are limited, bandwidth is limited, blocks and the blockchain can only be so large before Bitcoin starts choking.
You can increase the transaction capacity but it requires more investment in the mining equipment, which is just what this 20 MB fork civil war and fears of centralization is about. I'm brainstorming away on a pet project that, if I can ever get a conceptual model working, would involve the use of a customized cryptocurrency. But it requires dramatically higher transaction capacity than bitcoin (if it simply replaced what we are doing today globally, I'd need to be able to maintain 1,000,000+ transactions/second), and I've not found a means to cope with this yet. If anyone has any ideas on that, drop me a line...
Satoshi intended for Bitcoin to scale according to its growth. He knew that if Bitcoin is to ever succeed as a serious currency used for payments then the maximum block size would need to be much larger than it is today because obviously, you can't fit tons of transactions in <1 MB blocks. His comment about how sending 2 HD movies over the Internet would seem trivial by the time Bitcoin reaches this size suggests that he believes the network should be able to accommodate the increasing bandwidth requirements of Bitcoin due to the trend of increasing network connection speeds (Nielson's Law):
I didn't cash out at $1000. Nobody was talking about cashing out at that time (at least that I know of). We thought that it was going up from there and so I was still buying more - not a lot, but still buying. People nowadays all talk about "should have" and stuff, but that wasn't the general feel at the time.
Then when it went down, there was no way I was going to dump the coin, because I know it will go back up again and further.
That being said I use the Bitcoin I have, I don't hodl all of it. I have a good amount in cold storage, but I've been buying and spending it like I would fiat.
Then when it went down, there was no way I was going to dump the coin, because I know it will go back up again and further.
That being said I use the Bitcoin I have, I don't hodl all of it. I have a good amount in cold storage, but I've been buying and spending it like I would fiat.
I guess in retrospect it seems pretty obvious that those were temporary bubbles and that the price was unsustainable. Interesting that it wasn't really apparent back then. If the price ever shoots up by >5x in one day, I'll definitely be selling half of my coins.
Sold it all for peanut butter futures...
Goober!
Sold it all for peanut butter futures...
really TF? You say you're for bitcoin but we all remember what happened with inputs.io 
I wonder how many are still wanting their refund.
I wonder how many are still wanting their refund.I'd love mine!
really TF? You say you're for bitcoin but we all remember what happened with inputs.io I wonder how many are still wanting their refund.
I wonder how many are still wanting their refund.All of them.
It really sucks when the bitcoin you scammed won't go up.
Don't give TradeFortress too much shit. He's one of the only remaining true entrepreneurs left on this forum. It's a pity that the most successful and wealthiest Bitcoiners can never be talked to again because they're not welcome here. Don't you wish you could still talk to Mark Karpeles/MagicalTux? The first thing I'd ask him is if he walks around laughing at all the dumbasses he fucked over to make himself rich. I'm sure TradeFortress does the same thing. Every time someone calls him out for being a crook he probably just starts wildly laughing while thinking to himself, "yeah, but I got yo money muthafucka". LOL
True, but to live the rest of your life looking over your shoulder really has to suck.
Nah, this is a geek forum. No one here has enough balls to hurt anyone or Karpeles would be long dead.
It only takes one.
really TF? You say you're for bitcoin but we all remember what happened with inputs.io I wonder how many are still wanting their refund.
I wonder how many are still wanting their refund.All of them.
It really sucks when the bitcoin you scammed won't go up.
Don't give TradeFortress too much shit. He's one of the only remaining true entrepreneurs left on this forum. It's a pity that the most successful and wealthiest Bitcoiners can never be talked to again because they're not welcome here. Don't you wish you could still talk to Mark Karpeles/MagicalTux? The first thing I'd ask him is if he walks around laughing at all the dumbasses he fucked over to make himself rich. I'm sure TradeFortress does the same thing. Every time someone calls him out for being a crook he probably just starts wildly laughing while thinking to himself, "yeah, but I got yo money muthafucka". LOL
True, but to live the rest of your life looking over your shoulder really has to suck.
Nah, this is a geek forum. No one here has enough balls to hurt anyone or Karpeles would be long dead.
Sold everything I had left around 600-800.
But I have always mined and sold. Probably have handled 1500 bitcoins over the last few years.
I never put cash into an exchange but I did buy mining hardware (AMD).
I did OK!
Now I pop into the forum every once in a while to catch big news, watch the price a bit, and check out the asian girls are hot thread in the off topic area. lol.
No plans to buy anytime soon.
But I have always mined and sold. Probably have handled 1500 bitcoins over the last few years.
I never put cash into an exchange but I did buy mining hardware (AMD).
I did OK!
Now I pop into the forum every once in a while to catch big news, watch the price a bit, and check out the asian girls are hot thread in the off topic area. lol.
No plans to buy anytime soon.
really TF? You say you're for bitcoin but we all remember what happened with inputs.io I wonder how many are still wanting their refund.
I wonder how many are still wanting their refund.All of them.
It really sucks when the bitcoin you scammed won't go up.
Don't give TradeFortress too much shit. He's one of the only remaining true entrepreneurs left on this forum. It's a pity that the most successful and wealthiest Bitcoiners can never be talked to again because they're not welcome here. Don't you wish you could still talk to Mark Karpeles/MagicalTux? The first thing I'd ask him is if he walks around laughing at all the dumbasses he fucked over to make himself rich. I'm sure TradeFortress does the same thing. Every time someone calls him out for being a crook he probably just starts wildly laughing while thinking to himself, "yeah, but I got yo money muthafucka". LOL
True, but to live the rest of your life looking over your shoulder really has to suck.
Did satoshi design Bitcoin in a way that it couldn't deal with tons of transactions per second, or it was a design flaw?
I wouldn't call it a flaw, more a reflection of the limits of technology. Hard drives and RAM are limited, bandwidth is limited, blocks and the blockchain can only be so large before Bitcoin starts choking.
You can increase the transaction capacity but it requires more investment in the mining equipment, which is just what this 20 MB fork civil war and fears of centralization is about. I'm brainstorming away on a pet project that, if I can ever get a conceptual model working, would involve the use of a customized cryptocurrency. But it requires dramatically higher transaction capacity than bitcoin (if it simply replaced what we are doing today globally, I'd need to be able to maintain 1,000,000+ transactions/second), and I've not found a means to cope with this yet. If anyone has any ideas on that, drop me a line...
really TF? You say you're for bitcoin but we all remember what happened with inputs.io I wonder how many are still wanting their refund.
I wonder how many are still wanting their refund.All of them.
It really sucks when the bitcoin you scammed won't go up.
Don't give TradeFortress too much shit. He's one of the only remaining true entrepreneurs left on this forum. It's a pity that the most successful and wealthiest Bitcoiners can never be talked to again because they're not welcome here. Don't you wish you could still talk to Mark Karpeles/MagicalTux? The first thing I'd ask him is if he walks around laughing at all the dumbasses he fucked over to make himself rich. I'm sure TradeFortress does the same thing. Every time someone calls him out for being a crook he probably just starts wildly laughing while thinking to himself, "yeah, but I got yo money muthafucka". LOL
Still holding and accumulating some more at these rates.
I'm still holding, even though the price just keeps going down. I believe in bitcoin -- I'm heavily against modern monetary theory.
Hey good to see people like you. Could you share your future projections for BTC? Or you may PM them to me... I think there is not that much upside for BTC unless the bitcoin economy expands more & btc regains the trust, which has been lost after MtGox. Volumes have been quite down recently...
Regards,
G6trader
PS: Could you pls PM me?
I got into Bitcoin in 2011 but only really started to believe in 2012 and mounted up my Bitcoin during mid 2012. I'm unsure what im going to do at the moment. I might just sell 50% of my coins to avoid losing too much money. wait until the dust settles and if I feel that the economy is going to pick back up I'll buy back in. but ill keep my other 50% coins just for holding.
I may move some of my coins until the blocksize thing is changed and guaranteed a stable future of transaction volume capacity. May get more XMR , looking pretty cheap now and shouldn't be a victim o the same problem.
I didn't cash out at $1000. Nobody was talking about cashing out at that time (at least that I know of). We thought that it was going up from there and so I was still buying more - not a lot, but still buying. People nowadays all talk about "should have" and stuff, but that wasn't the general feel at the time.
Then when it went down, there was no way I was going to dump the coin, because I know it will go back up again and further.
That being said I use the Bitcoin I have, I don't hodl all of it. I have a good amount in cold storage, but I've been buying and spending it like I would fiat.
Then when it went down, there was no way I was going to dump the coin, because I know it will go back up again and further.
That being said I use the Bitcoin I have, I don't hodl all of it. I have a good amount in cold storage, but I've been buying and spending it like I would fiat.
Well not much to tell about, because still Bitcoin is banned in my country. So apart from some online gaming and shopping, I don't have a much to do with my coin. Hopefully my country will accept it someday and new stores will open.
really TF? You say you're for bitcoin but we all remember what happened with inputs.io I wonder how many are still wanting their refund.
I wonder how many are still wanting their refund.All of them.
It really sucks when the bitcoin you scammed won't go up.
Maybe exchang some for good altcoins?
This Bitcoin is too much drama.
This Bitcoin is too much drama.
Dont listen to this guy most alt coins at the moment are useless and not most are a direct copy of bitcoin or another alt coin. If Bitcoin doesnt succeed then I cant see any other candidates at the moment doing what bitcoin couldn't.
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Maybe exchang some for good altcoins?
This Bitcoin is too much drama.
This Bitcoin is too much drama.
I got into Bitcoin in 2011 but only really started to believe in 2012 and mounted up my Bitcoin during mid 2012. I'm unsure what im going to do at the moment. I might just sell 50% of my coins to avoid losing too much money. wait until the dust settles and if I feel that the economy is going to pick back up I'll buy back in. but ill keep my other 50% coins just for holding.
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