How Many Bitcoins do you own? - page 4.

realnowhereman

hero member

Activity: 504

Merit: 502

Quote from: davout on June 07, 2011, 07:16:49 AM

Quote from: Vladimir on June 07, 2011, 07:09:12 AM

Bitcoin have properties which makes it good both as currency AND as store of value. Unlike anything else known to mankind.

Well, gold has much better properties as a currency, I cannot double spend it, even if I have 51% of all the mining power, and it's more widely accepted, for now.

Also over 9000

Of course you can double spend it.

Take one bar. Cut it in half. Mix it with lead. Make two bars. Or whatever, ask a metallurgist.

The point is, I need to verify gold that you might give me. I need to verify Bitcoins that you might give me. Note as well that even with 51% of the hashing power, you still can't double spend forever. One chain has to be the true one in the end. All you can do is fool me for a while, just like with gold.

Being more widely accepted is purely a matter of history and chance. Who knows what will happen to Bitcoin's acceptance? Let's look again when Bitcoin trading is as old as gold trading is now to decide that one.

Vladimir

hero member

Activity: 812

Merit: 1001

-

Quote from: davout on June 07, 2011, 07:16:49 AM

Quote from: Vladimir on June 07, 2011, 07:09:12 AM

Bitcoin have properties which makes it good both as currency AND as store of value. Unlike anything else known to mankind.

Well, gold has much better properties as a currency, I cannot double spend it, even if I have 51% of all the mining power, and it's more widely accepted, for now.

Also over 9000

Can you teleport gold?
Can you hide it so that a guy with a metal detector cannot find it?

cyberaa

newbie

Activity: 57

Merit: 0

i didnt say quantity of bitcoins but of trades made in the market ...

davout

legendary

Activity: 1372

Merit: 1008

1davout

Quote from: Vladimir on June 07, 2011, 07:09:12 AM

Bitcoin have properties which makes it good both as currency AND as store of value. Unlike anything else known to mankind.

Well, gold has much better properties as a currency, I cannot double spend it, even if I have 51% of all the mining power, and it's more widely accepted, for now.

Also over 9000

immorlee

newbie

Activity: 1

Merit: 0

0, pathetic.

TTBit

legendary

Activity: 1137

Merit: 1001

Quote from: cyberaa on June 07, 2011, 07:06:30 AM

if everyone saves all the bitcoins they get then all the market will drop and bitcoins will worth like 1 dollar or even less, so what really makes the bitcoin market increase the btc value is the trades ...

the value of goods traded doesn't depend on the quantity of coins. Do you think if finding blocks were 500 instead of 50 that there would be 10x the commerce going on?

Vladimir

hero member

Activity: 812

Merit: 1001

-

Quote from: cyberaa on June 07, 2011, 07:06:30 AM

if everyone saves all the bitcoins they get then all the market will drop and bitcoins will worth like 1 dollar or even less, so what really makes the bitcoin market increase the btc value is the trades ...

And if everyone saves all gold it will fall to 1$ or even less.

Bitcoin have properties which makes it good both as currency AND as store of value. Unlike anything else known to mankind.

cyberaa

newbie

Activity: 57

Merit: 0

if everyone saves all the bitcoins they get then all the market will drop and bitcoins will worth like 1 dollar or even less, so what really makes the bitcoin market increase the btc value is the trades ...

stic.man

full member

Activity: 168

Merit: 100

I want to hang onto mine until the basic unit of exchange in BTC is like 0.001 BTC or less and then use it as my base currency.

Getting more out of my non-dollar so to speak

Vladimir

hero member

Activity: 812

Merit: 1001

-

As I advocated before I suggest to set a goal of saving 2100 Bitcoins and trade the rest.

Given that 2100 BTC is cool 0.01% of all bitcoins there ever be and potentially this will represent 0.01% of bitcoin economy and that there will be not more than 10000 such "lottery tickets" this seems like quite a decent amount.

Findeton

full member

Activity: 126

Merit: 100

I own just over 20 btc. My goal is to reach the 1000 to 10 000 btc level and not sell them in many years.

jerfelix

sr. member

Activity: 266

Merit: 250

See http://forum.bitcoin.org/index.php?topic=8667.0;all
and http://bitcoinreport.blogspot.com/2011/06/bitcoin-top-100-rich-list-3rd-june-2011.html

and don't sweat it. Congratulate them on their success and foresight, and move on.

Or if you want to beg from someone, say something like
"Hey 'Mr. 1PZjfkLZBT7Q3UFmyEWH8QtuzTMi3MUiBj', can you spare some change?
Send it on over to 1BZbpx7wHAUcBgzAtH4KeogTmtgUrq5Nkk"

I have been extremely impressed by the generosity of the Bitcoin community.
They are very, very generous. {/suckup}

Nyx

sr. member

Activity: 274

Merit: 250

0.91

What a shame!

Jblox

newbie

Activity: 8

Merit: 0

0.20008549 Embarrassed

giszmo

legendary

Activity: 1862

Merit: 1114

WalletScrutiny.com

guys how stupid are you??? begging those that have 6 blocks worth of mining to give to you?? wtf?

look at http://bitcoin.sipa.be/ People mining all throughout 2009 all have mined coins worth +100k$ today. If it was one miner taking 90% this guy now has 30M$ and growing in BTC for the investment of a HD6970 and a year of electricity.

SomeoneWeird

hero member

Activity: 700

Merit: 500