bitcoin-as-good-as-gold
http://www.internationalman.com/78-global-perspectives/1010-bitcoin-as-good-as-gold#
Topic: Gold collapsing. Bitcoin UP. - page 1195. (Read 2032274 times)
I agree and I think that 2014 will be the year that Bitcoin finally breaks through as a means of payment. This was the year it got real mainstream attention, next year we will see massive adoption waves in terms of actual usage. That is obviously great news for the innovators among us who are just waiting to be able to spend bitcoins in more and more ways.
Hopefully when I profit-take again in a year or two the landscape will be more conducive to trading straight across for shit which appeals to me.
Had you asked me in 2012 or first half of 2013 I would've said: dude, be patient. At least 5 more years before any significant person-on-the-street or online merchant adoption happens. I clearly remember holding this opinion in March.
Now, with the huge awareness-boost and repeated survival of Bitcoin in latter part of 2013, I really think we're getting there faster. Bitcoin is sneaking into the backs of the heads of the general population as a viable alternative money and the awareness of the population getting scammed hard by the current monetary system and its masters is only rising. I've already been buying food and a massage (kind of, had to mix in some fiat) irl this year from non-technically-inclined people.
I'm not sure what appeals to you, but it's looking at least an order of a magnitude more achievable to me than 1 year ago.
I can't wait, to be honest. Not necessarily only because I'll be able to buy stuff with Bitcoin, but also because this makes the goal of living in a society that uses honest money come that much closer. I despise of our current slave masters with such a passion that making them as powerless as ourselves would be a satisfaction so great one couldn't really ask for more.
Ah the Early Adopter Paradox. What do you do when an investment is itself better money than the money you'd "cash it out" for? You don't. (At least not very much.)
True indeed. A significant part of the reason I got interested in Bitcoin in the first place is because there is a distinct upper limit on the amount of cash I want to have on-hand. This because I am conically concerned about being Cyprus'd. I am feeling significant pressure to take some profits, but am struggling to decide the best mode which results in cash in a demand account for the shortest time possible. I'd rather not go through fiat at all but the range of items for sale denominated in Bitcoin is limited. Items that I want anyway.
Hopefully when I profit-take again in a year or two the landscape will be more conducive to trading straight across for shit which appeals to me.
Cool:-)
On a side-note: since I cashed out some fiat to be able to settle possible tax liabilities (in case my bitcoin gains tax scheme is rejected or interpretation of tax regulation in germany changes and at the same time bitcoins fails hard) I came to the conclusion that stuff is really hard to secure: I just don't know where to put the crap! Don't want to leave it in my bank account (that's an investment in the bank or at least a 3rd party rsik), don't want to stuff it under the mattress (risk of theft and fire) and I can't seem to figure out a way how to make a fiat brainwallet.
I think I'll settle for some kind of distributive strategy. Any ideas? Dig a hole in the woods?
Ah the Early Adopter Paradox. What do you do when an investment is itself better money than the money you'd "cash it out" for? You don't. (At least not very much.)
... just give all your fiat to your wife, I'm sure she'll find something to do with it 
Just be careful of the denominations, or she could end up getting handcuffed to a pole:
http://www.wnd.com/2005/04/29732/
I don't want to live on this planet anymore.
Just leave your bitcoins in safe hands if you decide to checkout (I can take care of them
) ... the world would be a worse place without ya btw. Or buy something that is convertible to fiat at about predictable rate.
Some people use Lambo's for this sort of thing
Well, I also have a Rolex which is under "cash equivalents", also a 5,000oz silver lot is there.
Lambo liquidity is poor in Finland...
Thanks for your suggestions, guys.
I sure as hell wont buy any diamonds or rolexes or any stuff I don't know about. I just want the cash, needs to be liquid.
I also don't feel like doing physical security and worrying about burglars and fires (just had my office burn down, don't need that fear). I guess the bulk will be in bank accounts, let them shave off 20% or whatever, I don't care. Still 90% in crypto anyways, 5% metal. When bitcoin reaches 10k, I'll put some in real estate and/or land.
best buy...go figure
Quote
Commenting on the incident, Baltimore County police spokesman Bill Toohey told the Sun: “It’s a sign that we’re all a little nervous in the post-9/11 world.”
wtf? ... they saw some $2 bills and pissed themselves in fear?
who are these people 3 year olds?
Edit: looks like it is a story from 2005, maybe things have got better since then
... just give all your fiat to your wife, I'm sure she'll find something to do with it
Just be careful of the denominations, or she could end up getting handcuffed to a pole:
http://www.wnd.com/2005/04/29732/
... just give all your fiat to your wife, I'm sure she'll find something to do with it
My neighbour used his Lambo to rotovate my garden..
Ferraris abound here, I could buy one tomorrow. Lambo is very rare.
Or buy something that is convertible to fiat at about predictable rate.
Some people use Lambo's for this sort of thing
Well, I also have a Rolex which is under "cash equivalents", also a 5,000oz silver lot is there.
Lambo liquidity is poor in Finland...
Especially if the Lambo is in the US
Or buy something that is convertible to fiat at about predictable rate.
Some people use Lambo's for this sort of thing
Well, I also have a Rolex which is under "cash equivalents", also a 5,000oz silver lot is there.
Lambo liquidity is poor in Finland...
Cool:-)
On a side-note: since I cashed out some fiat to be able to settle possible tax liabilities (in case my bitcoin gains tax scheme is rejected or interpretation of tax regulation in germany changes and at the same time bitcoins fails hard) I came to the conclusion that stuff is really hard to secure: I just don't know where to put the crap! Don't want to leave it in my bank account (that's an investment in the bank or at least a 3rd party rsik), don't want to stuff it under the mattress (risk of theft and fire) and I can't seem to figure out a way how to make a fiat brainwallet.
I think I'll settle for some kind of distributive strategy. Any ideas? Dig a hole in the woods?
A locker in a bank building perhaps?
<10k should be safe in a bank and there are many banks so you can diversify.
A small safe costs only about 500€ or less.
Or buy something that is convertible to fiat at about predictable rate.
Take it to Japan. Build a house with it. Hide it in plain sight.
Cool:-)
On a side-note: since I cashed out some fiat to be able to settle possible tax liabilities (in case my bitcoin gains tax scheme is rejected or interpretation of tax regulation in germany changes and at the same time bitcoins fails hard) I came to the conclusion that stuff is really hard to secure: I just don't know where to put the crap! Don't want to leave it in my bank account (that's an investment in the bank or at least a 3rd party rsik), don't want to stuff it under the mattress (risk of theft and fire) and I can't seem to figure out a way how to make a fiat brainwallet.
I think I'll settle for some kind of distributive strategy. Any ideas? Dig a hole in the woods?
A locker in a bank building perhaps?
Cool:-)
On a side-note: since I cashed out some fiat to be able to settle possible tax liabilities (in case my bitcoin gains tax scheme is rejected or interpretation of tax regulation in germany changes and at the same time bitcoins fails hard) I came to the conclusion that stuff is really hard to secure: I just don't know where to put the crap! Don't want to leave it in my bank account (that's an investment in the bank or at least a 3rd party rsik), don't want to stuff it under the mattress (risk of theft and fire) and I can't seem to figure out a way how to make a fiat brainwallet.
I think I'll settle for some kind of distributive strategy. Any ideas? Dig a hole in the woods?
I tried going to a store and people still agreed to exchange it for goods and services. Suckers!
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