Gold collapsing. Bitcoin UP. - page 1200.

oakpacific

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Quote from: rampantparanoia on December 11, 2013, 05:52:27 PM

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Quote from: marcus_of_augustus on December 11, 2013, 01:43:12 PM

I wondered myself ... a lambo?

LOL. It has to be the most useless thing I can think of to spend money on!

For some reason, it seems to fit Goat! (I mean that in a good way Goat, someone has to have all the fun!)

If I had that kind of money, I would probably buy a tractor and some nice tools! That way I can uhh... work better. Sad

it was a PR stunt for BTC.

if people are like well, i can use BTC for Lambos maybe this is something i should look into.

yes, we got yellow cuz btc, yes it is not practical at all esp as i wont even be in the country (most of the time) it is located in. this wont fit on a plane to thailand. lol

If you are into PR stunts, I have one for you! Although, it's not for the faint of heart!

1. Publicly announce your bitcoin address along with proof of ownership.
2. Get arrested for some high profile crime where you are required to pay fines of an amount that is impossible with your non-bitcoin assets.
3. Don't pay, go to jail.
4. Wait (be a good prisoner).
5. Get out of jail.
6. Publicly announce your bitcoin address (unchanged) along with proof of ownership.

I think DPR had the opportunity to pull this off, but failed miserably for whatever reason.

LOL

I think the 5mBTC wrench will change step #6

Yes, you must be very strong willed to pull this off.

In no way do I endorse drug trading, but in certain ways the bad guys are doing good for us all.

One of my teachers often use the analogy that the bad guys are like the insurance fee we paid, they go out there to pull off the most bold, brazen, and reckless endeavors possible, employing the same kind of protection we use, if it's proven that they don't get busted in the end, then those of us who are not as reckless can be sure that the same kind of protection mechanism must be safe for us too.

Vycid

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♫ the AM bear who cares ♫

Quote from: rampantparanoia on December 11, 2013, 05:52:27 PM

Quote from: ?? on ??

Quote from: marcus_of_augustus on December 11, 2013, 01:43:12 PM

I wondered myself ... a lambo?

LOL. It has to be the most useless thing I can think of to spend money on!

For some reason, it seems to fit Goat! (I mean that in a good way Goat, someone has to have all the fun!)

If I had that kind of money, I would probably buy a tractor and some nice tools! That way I can uhh... work better. Sad

it was a PR stunt for BTC.

if people are like well, i can use BTC for Lambos maybe this is something i should look into.

yes, we got yellow cuz btc, yes it is not practical at all esp as i wont even be in the country (most of the time) it is located in. this wont fit on a plane to thailand. lol

If you are into PR stunts, I have one for you! Although, it's not for the faint of heart!

1. Publicly announce your bitcoin address along with proof of ownership.
2. Get arrested for some high profile crime where you are required to pay fines of an amount that is impossible with your non-bitcoin assets.
3. Don't pay, go to jail.
4. Wait (be a good prisoner).
5. Get out of jail.
6. Publicly announce your bitcoin address (unchanged) along with proof of ownership.

I think DPR had the opportunity to pull this off, but failed miserably for whatever reason.

LOL

I think the 5mBTC wrench will change step #6

Someone has never heard of prison beatings Tongue

rampantparanoia

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Quote from: ?? on ??

Quote from: marcus_of_augustus on December 11, 2013, 01:43:12 PM

I wondered myself ... a lambo?

LOL. It has to be the most useless thing I can think of to spend money on!

For some reason, it seems to fit Goat! (I mean that in a good way Goat, someone has to have all the fun!)

If I had that kind of money, I would probably buy a tractor and some nice tools! That way I can uhh... work better. Sad

it was a PR stunt for BTC.

if people are like well, i can use BTC for Lambos maybe this is something i should look into.

yes, we got yellow cuz btc, yes it is not practical at all esp as i wont even be in the country (most of the time) it is located in. this wont fit on a plane to thailand. lol

If you are into PR stunts, I have one for you! Although, it's not for the faint of heart!

1. Publicly announce your bitcoin address along with proof of ownership.
2. Get arrested for some high profile crime where you are required to pay fines of an amount that is impossible with your non-bitcoin assets.
3. Don't pay, go to jail.
4. Wait (be a good prisoner).
5. Get out of jail.
6. Publicly announce your bitcoin address (unchanged) along with proof of ownership.

I think DPR had the opportunity to pull this off, but failed miserably for whatever reason.

LOL

I think the 5mBTC wrench will change step #6

KFR

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Per ardua ad luna

Loving your work Goat. Wink

adpinbr

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How is bitcoin millionares cashing out on their pyramid scheme good PR. buying something at wal mart is good PR, that just makes this look like a pyramid scheme

marcus_of_augustus

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Eadem mutata resurgo

hmmm PR stunt ... so lots of pics then

chrsjrcj

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I'm thinking of a private railcar myself http://www.sterlingrail.com/classifieds/Listings.php?type=Passenger%20Car&fsw=FS

Choo choo!

chrsjrcj

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It's the top post on r/bitcoin- http://www.reddit.com/r/Bitcoin/comments/1sn0gi/someone_on_4chan_actually_bought_a_lamborghini/ Cheesy

rampantparanoia

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BTC will rise due to media involvement
BTC will fall due to media involvement

Now, BTC is at the mercy of the media. The media will definitely pump this sucker up quite a bit, but the moment something better--or something which benefits those in power--comes on the scene, the media will stop broadcasting about BTC and start pumping something else. That's not to say BTC will die due to media involvement, but it can definitely be hindered.

molecular

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Quote from: adpinbr on December 11, 2013, 02:27:55 PM

I got into bitcoin in 2011 knowing that everything that happened till now would, the issue is I am unsure of what happens after the media catches on, does it go mainstream and do people actually start using it everyday, or is it another great idea that never catches on? is it time to sell? or should I hold till 10K? or should i hold till i do not need to sell?

To tame your fear: Sell 10% now, 10% when price has doubled and so on.

Don't know about every grandma using it to buy coffe, but cryptocurrency will bring huge change.

marcus_of_augustus

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Eadem mutata resurgo

Quote from: adpinbr on December 11, 2013, 02:27:55 PM

I got into bitcoin in 2011 knowing that everything that happened till now would, the issue is I am unsure of what happens after the media catches on, does it go mainstream and do people actually start using it everyday, or is it another great idea that never catches on? is it time to sell? or should I hold till 10K? or should i hold till i do not need to sell?

... all this talking about "cashing out" ... buying bitcoin is cashing out, cashing out of crap fiat ponzi tokens and manipulated paper gold credits.

But don't put in more than you can afford to lose Wink

adpinbr

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I got into bitcoin in 2011 knowing that everything that happened till now would, the issue is I am unsure of what happens after the media catches on, does it go mainstream and do people actually start using it everyday, or is it another great idea that never catches on? is it time to sell? or should I hold till 10K? or should i hold till i do not need to sell?

marcus_of_augustus

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Activity: 3920

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Eadem mutata resurgo

I wondered myself ... a lambo?

edit: ... and yeah, pics or it didn't happen, preferably with that gorgeous wife of yours draped over it but that would be gravvy Cheesy

Grix

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Hey Goat, why a lambo? A Model S would have been much cooler

calian

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I don't know if this is appropriate but if you want some entertainment, long-time bitcoin hater raw dog is back at it. I suppose he fancies himself the anti-cypherdoc.

http://www.youtube.com/watch?v=aFgApShXy7Q

And Goat, we want to see pics of the new ride before you take any chances at crashing it. Actually I'd recommend getting some specific driving lessons based on the number of stories out there of nouveau riche hot rodders totaling their new rides within days of taking possession.

oakpacific

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Quote from: oakpacific on December 10, 2013, 10:02:13 PM

Haven't followed it up, where can I find more?(checked the LTC forum and saw nothing)

find warren on this forum or the ltc forum. he has some google blog thing.

anyway the development collected a shit load of money, like $500,000 or so and the path has been split from just following btc.

LTC is its own beast now.

Thanks, thought it was that Warren guy.

Btw you should really check out the LTC daily volume on this particular Chinese exchange https://www.okcoin.com/ , LOL

oakpacific

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Quote from: oakpacific on December 10, 2013, 09:53:17 PM

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Quote from: oakpacific on December 10, 2013, 09:39:20 PM

That's indeed it. But I mostly talked with respect to the problem/non-problem that is Bitcoin's infrastructural suitability as a currency(stuff like 1MB block and confirmation time, etc)

ahh got ya, but there is other crypto for that like LTC.

LTC made trade-offs for its faster confirmations, you should read fanquake(a LTC developer) 's take on this: http://archive.is/XXBn , I am hopeful of LTC's future mostly because the developers are honest and want to push things forward, rather than pretending everything is fine, typical trait among creators of scamcoins

that is dated and the new direction was changed with the new team that came about in the spring of 2013.

Haven't followed it up, where can I find more?(checked the LTC forum and saw nothing)

tvbcof

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Quote from: tvbcof on December 10, 2013, 01:48:56 PM

Quote from: Zangelbert Bingledack on December 10, 2013, 09:20:45 AM

Yet more smart money understanding that Bitcoin is a store of value more than a currency:

Paypal President David Marcus Owns Bitcoins, Says Bitcoin isn't (Yet) a Currency but a Store of Value

Finally a person who thinks like me.

I hope that Bitcoin just stays this way. It's value would be huge and the risk would be limited. Trying to move forward into the 'exchange currency' world is very risky given the scaling, key security, latency, and privacy issues among others. Focusing on the 'store of value' aspect would be much less risky, and given the 'mindshare' and development state as I write this, it has a decent likelihood of being stressful.

but really it can be used as both, so it will.

im happy however with people using it for whatever they want. more demand means price up no matter what.

Spell-check misshap: s/stressful/successful/

Anyway, I'm not happy at all if people push to use native globally distributed ledger Bitcoin for every piss-ant cup of coffee.

Nor am I happy when the principle architect says we have to 'innovate' at top speed to...um...meet the standard expectations of venture capitalists in Silicon Valley I guess. Gavin said that in his 2013 'state of the union' thing in San Jose but didn't really bother to explain why. Sounded like the standard sound-bite that I've heard numerous times in that environment. I only hope he does not completely buy into it himself as some sort of an ordained principle, but I'm afraid he might.

I'm much more confident that Bitcoin will collapse into ruin (or worse) as these things are attempted than I ever was that we'd see $1000. OTOH, with change comes opportunity for those who have a little bit of vision and analytics ability...and most of the people reading this thread, or at least the old timers who are still in the game.

oakpacific

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Quote from: oakpacific on December 10, 2013, 09:39:20 PM

That's indeed it. But I mostly talked with respect to the problem/non-problem that is Bitcoin's infrastructural suitability as a currency(stuff like 1MB block and confirmation time, etc)

ahh got ya, but there is other crypto for that like LTC.

LTC made trade-offs for its faster confirmations, you should read fanquake(a LTC developer) 's take on this: http://archive.is/XXBn , I am hopeful of LTC's future mostly because the developers are honest and want to push things forward, rather than pretending everything is fine, typical trait among creators of scamcoins

oakpacific

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Quote from: oakpacific on December 10, 2013, 09:34:27 PM

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Quote from: oakpacific on December 10, 2013, 09:13:38 PM

Quote from: ?? on ??

Quote from: oakpacific on December 10, 2013, 08:13:19 PM

ATM we will mainly use it that way, a contender of gold's position.

Well "someone" just hours ago bought a brand new Lambo with BTC. So was BTC a currency there or a store of value?

The important thing is actually Bitcoin "can" be used as a currency, it doesn't have to be practical to use it, just the potential is enough. Much like an opposition party which gets votes but never enough to get elected can put the ruling party's power in check.

Then people have to spend bitcoins once in a while to send those in charge a message, however inconvenient such spending may be.

Gold had such power, but after USG managed to wrestle control of the majority of gold reserve within the U.S it is no more, and gold is confiscatable.

In this case it was very practical, e-mail plus BTC = new lambo in my drive way in a few days. I never even had to leave the basement.

To me BTC can be a good store of value but it is really a currency.

We are in this interesting scenario mostly due to banks' slowpokish dinosaur reaction to Bitcoin. They throttle the flow of fiats in/out of the market, so nobody can practically "cash out" and get his newly earned fiats into any other payment system to pay for the luxury goods they want to buy. But Bitcoin will find a way to get in and kick their asses, so the merchants are there to help you to move the money Wink

on silk road btc was a currency eh?

sure to speculators btc is a store or wealth, but not to them druggies who only cared about getting that smack or whatever its called.

That's indeed it. But I mostly talked with respect to the problem/non-problem that is Bitcoin's infrastructural suitability as a currency(stuff like 1MB block and confirmation time, etc)

Topic: Gold collapsing. Bitcoin UP. - page 1200. (Read 2032266 times)