MaidSafe has NO competition.
Research about it, and then come back.
Research about it, and then come back.
Storj isn't competition?
http://storj.io/
http://coinmarketcap.com/assets/storjcoin-x/
Topic: For those who have no idea what to do - page 2. (Read 4434 times)
Storj isn't competition?
http://storj.io/
http://coinmarketcap.com/assets/storjcoin-x/
This is a disheartening post. It misses so many points that have been discussed many times. Because there is so much negativity now I don't want to be accused of being a bag holder. Oh well, I'm happy for you to feel like you won a game or something. You can make vague observations, but it's hardly speculation. These systems you speak of sound like spirituality. That's fine too. Everything is connected and kumbaya right back at ya.
MaidSafe has NO competition.
Research about it, and then come back.
If it is fully open source then it will be cloned just like Bitcoin. If it's not open source, then it's probably an NSA project.
I will make it simpler:
Just invest in MaidSafeCoins.
And hold your position in Bitcoins.
Thats it.
If bitcoins fails, all Cryptos are gonna fail.
MaidSafe is another story, a completely different animal.
I'm not putting that company down, but they are just a business. If it shows any promise it will either be bought or copied. If it's bought its model may be changed. If it is copied and marketed by a big brand, then your investment will be lost. Bitcoin has thousands of failed competitors. Can Maidsafe resist such competition? That's a rhetorical question.Just invest in MaidSafeCoins.
And hold your position in Bitcoins.
Thats it.
If bitcoins fails, all Cryptos are gonna fail.
MaidSafe is another story, a completely different animal.
MaidSafe has NO competition.
Research about it, and then come back.
If it is fully open source then it will be cloned just like Bitcoin. If it's not open source, then it's probably an NSA project.
I will make it simpler:
Just invest in MaidSafeCoins.
And hold your position in Bitcoins.
Thats it.
If bitcoins fails, all Cryptos are gonna fail.
MaidSafe is another story, a completely different animal.
Um, it is my understanding that MaidSafe is built on Mastercoin, which is in turn built on Bitcoin. It Bitcoin fails, so does MaidSafe.Just invest in MaidSafeCoins.
And hold your position in Bitcoins.
Thats it.
If bitcoins fails, all Cryptos are gonna fail.
MaidSafe is another story, a completely different animal.
Edit: Looked into it a little more:
Quote from: TechCrunch
In addition, MaidSafe has filed multiple patents — and will be looking at opportunities to license its technologies for use outside the Safe network. “We’ve got about ten granted patents, about 22 pending just now and more on the way. And some of these libraries and technologies that we’ve created can be used outside the network. So, for example, an existing Content Delivery Network… like Akamai they could use our routing and RUDP libraries to basically make their distributed servers run much more efficiently and much faster,” he says. “Anyone using our patents within the network is absolutely welcome to do so. The patents, just to point out, are purely defensive.”
- The Server Needs To Die To Save The InternetUgh, software patents. Not touching that one.
Hoarding is like stuffing cash in a mattress. It does nothing. Theres no value creation.
False. Given that there can only ever be 21 million bitcoins, hoarding them can create scarcity, which is not nothing.
Quote
Thats why experienced investors don't hoard bitcoin. They either invest in ventures or stay away totally.
Why do experienced investors hoard commodities then?
Quote
But i think homeostasis will only be discovered once there is another real economy like silk road that comes along
There are already these out there. They have been there since Silk Road went down.
the joint .... great OP. You sound like a biochemist.
A posting like that doesn't get written by accident. It is written by someone who is very intelligent, is educated, and knows lots about bitcoin too.
You deserve whatever USD equivalent you locked in earlier. We are lucky you are still engaged with the bitcoin community, as you probably have lots of other interesting pursuits to fill your time with.
To any 'doubters' out there... consider why someone like the OP is still engaged with bitcoin. I'll guess they like and support the politics of the system, and the associated financial freedom. Bitcoin is revolutionary technology... in addition to being a technological revelation.
Later, I may comment in more technical on some of your points. But first I wanted to comment on the meta level.
A posting like that doesn't get written by accident. It is written by someone who is very intelligent, is educated, and knows lots about bitcoin too.
You deserve whatever USD equivalent you locked in earlier. We are lucky you are still engaged with the bitcoin community, as you probably have lots of other interesting pursuits to fill your time with.
To any 'doubters' out there... consider why someone like the OP is still engaged with bitcoin. I'll guess they like and support the politics of the system, and the associated financial freedom. Bitcoin is revolutionary technology... in addition to being a technological revelation.
Later, I may comment in more technical on some of your points. But first I wanted to comment on the meta level.
**Note: For the record, I released the majority of my holdings between $600-$850 but still have some stake in this market.
this is the real message, the rest is blah blah blah
I interpreted this in two ways, either that this is the sole reason I made the OP or that somehow some small knowledge about my trading history is of more value than the rest of the post. I'm guessing it's the first one, and it's called dutiful disclosure.
Buy high, sell low. Repeat until homeless.
**Note: For the record, I released the majority of my holdings between $600-$850 but still have some stake in this market.
When did you get in?
Good post, glad I read it
I got into Bitcoin June 2011.
Thank you
Nice post.i have some idea but at the moment things are hurting looking losses and severe problem.not sure if to sell or to hold.
of course sell, always sell low buy back high, that is the recipe for success. or was it the other way around? can't ever remember.
Nice post.i have some idea but at the moment things are hurting looking losses and severe problem.not sure if to sell or to hold.
Say what??? That made no sense and my head is hurting for trying to comprehend.
You are reinforcing my point. Bitcoiners dont understand finance or economics.
Or maybe you are reinforcing my point that people of average intellectual ability can not grasp bitcoin - yet. Don't worry, we'll make it easy for you later on. For now, you don't have to hurt your brain thinking, it is not for you yet.
That is an interesting proposal but it doesn't explain why a currency called Bitcoin should exist and why it should have any price. A worthless token can achieve the same utility since its all outside money anyways
I agree that an arbitrary number of units in a blockchain system have no inherent value, but neither does fiat money. Bitcoin is the first blockchain currency experiment and will only have a value based upon the size of the network, and the "store of value" interest it attracts. The number of units and the future rate of their creation is known, as is the current value of the particular block chain. This gives a meaningful current value to the price of a bitcoin. What will the future fair value of the currency be? That is harder to determine, but it's a better bet than the people of the Weimar Republic had. I am personally motivated by the incredibly irresponsible monetary policy of most major economies at the moment, all previous experiments with excessive money printing have ended badly, and I have no reason to assume things will be different this time.But do yourself a favor and do some due diligence on your investments.
Have done, that's why I made over 2000% on my initial bitcoin investment. I have also lost a lot of paper worth as a result of this downtrend, but I'm OK with that because owning bitcoin was always a long term project for me, voting with my wallet for an open source transparent global economy, rather that the unstable corrupt oligarchy we currently have. I made the investment because I took the trouble to learn about the global banking system after the 2008 crisis and came to the conclusion cryptos were going to replace government fiat currencies eventually. Bitcoin is an early experiment in this regard, but a better option than faith based government currencies in my opinion. I just hate bitcoin because someone tried to get my retired father to invest in bitcoin. He was about to throw $50K at it til I stopped him.
If your father was going to invest money he couldn't afford to lose then you did the right thing, speculating on the price of bitcoin is high risk/volatility and people need to understand that. I agree there have been a lot of irresponsible pumpers on this forum, just like there are a lot of greedy trolls now, but if you have $50k to invest then no responsible adult should make investment decisions based upon what some faceless person on a forum is saying. 
I will make it simpler:
Just invest in MaidSafeCoins.
And hold your position in Bitcoins.
Thats it.
If bitcoins fails, all Cryptos are gonna fail.
MaidSafe is another story, a completely different animal.
I'm not putting that company down, but they are just a business. If it shows any promise it will either be bought or copied. If it's bought its model may be changed. If it is copied and marketed by a big brand, then your investment will be lost. Bitcoin has thousands of failed competitors. Can Maidsafe resist such competition? That's a rhetorical question.Just invest in MaidSafeCoins.
And hold your position in Bitcoins.
Thats it.
If bitcoins fails, all Cryptos are gonna fail.
MaidSafe is another story, a completely different animal.
MaidSafe has NO competition.
Research about it, and then come back.
Bitcoin price is purely speculative. There are no fundamentals. The only time we got near a bitcoin economy was silk road. That is when goods are priced in bitcoin. When goods are priced in bitcoin then you can estimate price by comparing the same basket of goods relative to other currencies.
No, SR never had their prices in bitcoin, as any other business selling goods purchased or produced with fiat never did. There's no such things as "bitcoin economy", if anything it's 10 years down the road *at least*. Everybody with a tiny bit of clue understands that, this is a protocol building stage, not world domination stage.
Then there is no price discovery because money ultimately has to be used for exchange. Without an economy its 1 btc = 1 btc
I never used SR cause I dont buy drugs. But looks to me like this ecstasy was priced in bitcoins
No, it wasn't. It was dollar pricetags translated to btc in real-time. You can't really have btc pricetags on anything but digital goods which have zero cost to start with.
So you are agreeing w me thats its a useless currency
it is a convenient digital value transfer tool and amazing technology that will change the way we do finance in the future. it is an ok currency for digital goods. selling TVs for bitcoin is an artificial thing, it's like introducing youtube in 1990 - fun but not practical.
Say what??? That made no sense and my head is hurting for trying to comprehend.
You are reinforcing my point. Bitcoiners dont understand finance or economics.
**Note: For the record, I released the majority of my holdings between $600-$850 but still have some stake in this market.
this is the real message, the rest is blah blah blah
Bitcoin price is purely speculative. There are no fundamentals. The only time we got near a bitcoin economy was silk road. That is when goods are priced in bitcoin. When goods are priced in bitcoin then you can estimate price by comparing the same basket of goods relative to other currencies.
No, SR never had their prices in bitcoin, as any other business selling goods purchased or produced with fiat never did. There's no such things as "bitcoin economy", if anything it's 10 years down the road *at least*. Everybody with a tiny bit of clue understands that, this is a protocol building stage, not world domination stage.
Then there is no price discovery because money ultimately has to be used for exchange. Without an economy its 1 btc = 1 btc
I never used SR cause I dont buy drugs. But looks to me like this ecstasy was priced in bitcoins
No, it wasn't. It was dollar pricetags translated to btc in real-time. You can't really have btc pricetags on anything but digital goods which have zero cost to start with.
So you are agreeing w me thats its a useless currency
it is a convenient digital value transfer tool and amazing technology that will change the way we do finance in the future. it is an ok currency for digital goods. selling TVs for bitcoin is an artificial thing, it's like introducing youtube in 1990 - fun but not practical.
Bitcoin price is purely speculative. There are no fundamentals. The only time we got near a bitcoin economy was silk road. That is when goods are priced in bitcoin. When goods are priced in bitcoin then you can estimate price by comparing the same basket of goods relative to other currencies.
No, SR never had their prices in bitcoin, as any other business selling goods purchased or produced with fiat never did. There's no such things as "bitcoin economy", if anything it's 10 years down the road *at least*. Everybody with a tiny bit of clue understands that, this is a protocol building stage, not world domination stage.
Then there is no price discovery because money ultimately has to be used for exchange. Without an economy its 1 btc = 1 btc
I never used SR cause I dont buy drugs. But looks to me like this ecstasy was priced in bitcoins
No, it wasn't. It was dollar pricetags translated to btc in real-time. You can't really have btc pricetags on anything but digital goods which have zero cost to start with.
So you are agreeing w me thats its a useless currency
Bitcoin price is purely speculative. There are no fundamentals. The only time we got near a bitcoin economy was silk road. That is when goods are priced in bitcoin. When goods are priced in bitcoin then you can estimate price by comparing the same basket of goods relative to other currencies.
No, SR never had their prices in bitcoin, as any other business selling goods purchased or produced with fiat never did. There's no such things as "bitcoin economy", if anything it's 10 years down the road *at least*. Everybody with a tiny bit of clue understands that, this is a protocol building stage, not world domination stage.
Then there is no price discovery because money ultimately has to be used for exchange. Without an economy its 1 btc = 1 btc
I never used SR cause I dont buy drugs. But looks to me like this ecstasy was priced in bitcoins
No, it wasn't. It was dollar pricetags translated to btc in real-time. You can't really have btc pricetags on anything but digital goods which have zero cost to start with.
Bitcoin price is purely speculative. There are no fundamentals. The only time we got near a bitcoin economy was silk road. That is when goods are priced in bitcoin. When goods are priced in bitcoin then you can estimate price by comparing the same basket of goods relative to other currencies.
No, SR never had their prices in bitcoin, as any other business selling goods purchased or produced with fiat never did. There's no such things as "bitcoin economy", if anything it's 10 years down the road *at least*. Everybody with a tiny bit of clue understands that, this is a protocol building stage, not world domination stage.
Then there is no price discovery because money ultimately has to be used for exchange. Without an economy its 1 btc = 1 btc
I never used SR cause I dont buy drugs. But looks to me like this ecstasy was priced in bitcoins
http://blogs.telegraph.co.uk/technology/files/2013/05/Silk-Road-009.jpg
I will make it simpler:
Just invest in MaidSafeCoins.
And hold your position in Bitcoins.
Thats it.
If bitcoins fails, all Cryptos are gonna fail.
MaidSafe is another story, a completely different animal.
I'm not putting that company down, but they are just a business. If it shows any promise it will either be bought or copied. If it's bought its model may be changed. If it is copied and marketed by a big brand, then your investment will be lost. Bitcoin has thousands of failed competitors. Can Maidsafe resist such competition? That's a rhetorical question. Just invest in MaidSafeCoins.
And hold your position in Bitcoins.
Thats it.
If bitcoins fails, all Cryptos are gonna fail.
MaidSafe is another story, a completely different animal.
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