Topic: I am pretty confident we are the new wealthy elite, gentlemen. - page 209. (Read 631965 times)
November 18, 2013, 06:29:45 PM
Does this mean we crash tomorrow?
November 18, 2013, 06:29:11 PM
I think it's now safe to say that we have arrived.
The world is now ours.
The world is now ours.
Ah , I was waiting for someone to bump this. Thanks!
November 18, 2013, 06:24:31 PM
I think it's now safe to say that we have arrived.
The world is now ours.
The world is now ours.
November 08, 2013, 03:23:39 PM
Quote
Nonsense. I dare you to try it, and see what happens. You assume that the rest of us will just sit back and watch. If any of us were to come to the conclusion that you were serious, or capable, of doing such a thing; you'd be lucky if you made it home before your phone was hacked and your identity was switched with some guy the Mexican cartels were looking for. And that's not even cconsidering the hidden reserve hashing capacity that can crawl out of the dark to undermine all of your efforts.
Yep, I don't mine anymore but I would switch on and so would many others.
Yup, me too. I still have a GPU mining rig in my basement ready to run. I've moved to a county in Kentucky that, literally, has the cheapest electrical rates in the United States. For the time being, that's a base rate (same rate, summer or winter) of 7.49 cents per KWH. Since I've lived here, the monthly 'fuel adjustment' fee on my bill has always been a credit. I could heat my house with straight electric heaters all winter for about 16% less than I could using natural gas in the city. I would invite miners to set up a rack in my basement, if I thought that mining was profitable. If nothing else, I'd get free heat out of the deal. It might still happen. But if I ever got wind that that the network was under assault, I'd mine at a loss with whatever I had available. Even if I had to air condition the basement during the dog days of summer.
November 08, 2013, 02:22:44 PM
wow its so interesting to read old posts. he is right i think we will se BTC going up a lot in value over the next few month as the chines people are buying like no one else!!
November 07, 2013, 04:48:29 PM
as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
When the mining rate is increasing, there is not more bitcoin minted, they are just harder to mint. The max amount of bitcoin is cap at 21M https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_graph.png
Until they up the total number of coins to be generated in the code.
No one can do that without the consent of the networked, as that is one of the fundamental rules hard coded into the protocol that will invalidate a mined block. It would take quite the event to convince the bitcoin networked that is a good idea.
All it takes is 51%... which really should be 66.67% IMO.
Add some praise, money and prestige onto the devs and they are bought and sold. We all know this.
Nonsense. I dare you to try it, and see what happens. You assume that the rest of us will just sit back and watch. If any of us were to come to the conclusion that you were serious, or capable, of doing such a thing; you'd be lucky if you made it home before your phone was hacked and your identity was switched with some guy the Mexican cartels were looking for. And that's not even cconsidering the hidden reserve hashing capacity that can crawl out of the dark to undermine all of your efforts.
Yep, I don't mine anymore but I would switch on and so would many others.
November 07, 2013, 12:27:21 AM
as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
When the mining rate is increasing, there is not more bitcoin minted, they are just harder to mint. The max amount of bitcoin is cap at 21M https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_graph.png
Until they up the total number of coins to be generated in the code.
No one can do that without the consent of the networked, as that is one of the fundamental rules hard coded into the protocol that will invalidate a mined block. It would take quite the event to convince the bitcoin networked that is a good idea.
All it takes is 51%... which really should be 66.67% IMO.
Add some praise, money and prestige onto the devs and they are bought and sold. We all know this.
Nonsense. I dare you to try it, and see what happens. You assume that the rest of us will just sit back and watch. If any of us were to come to the conclusion that you were serious, or capable, of doing such a thing; you'd be lucky if you made it home before your phone was hacked and your identity was switched with some guy the Mexican cartels were looking for. And that's not even cconsidering the hidden reserve hashing capacity that can crawl out of the dark to undermine all of your efforts.
November 06, 2013, 05:03:30 PM
as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
When the mining rate is increasing, there is not more bitcoin minted, they are just harder to mint. The max amount of bitcoin is cap at 21M https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_graph.png
Until they up the total number of coins to be generated in the code.
No one can do that without the consent of the networked, as that is one of the fundamental rules hard coded into the protocol that will invalidate a mined block. It would take quite the event to convince the bitcoin networked that is a good idea.
November 06, 2013, 03:19:10 PM
as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
When the mining rate is increasing, there is not more bitcoin minted, they are just harder to mint. The max amount of bitcoin is cap at 21M https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_graph.png
Until they up the total number of coins to be generated in the code.
November 06, 2013, 01:08:04 PM
as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
When the mining rate is increasing, there is not more bitcoin minted, they are just harder to mint. The max amount of bitcoin is cap at 21M https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_graph.png
Until they up the total number of coins to be generated in the code.
November 05, 2013, 06:33:24 PM
as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
When the mining rate is increasing, there is not more bitcoin minted, they are just harder to mint. The max amount of bitcoin is cap at 21M https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_graph.png
November 05, 2013, 05:40:47 PM
as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
Any Generous boy/girl, can you give me a starter BTC? 1AHNusc3BQA2QJCokySAQ1Qtymr1ZyAG6P
Any Generous boy/girl, can you give me a starter BTC? 1AHNusc3BQA2QJCokySAQ1Qtymr1ZyAG6P
November 05, 2013, 03:40:24 PM
The market seems to disagree with that. At least in the very short term
. November 05, 2013, 02:54:38 PM
Hell, I'd love to buy bitcoin, especially over the past week.
$0 available to buy with
$0 available to buy with
November 05, 2013, 02:12:58 PM
I'll refrain bumping that post until people try to beg for a satochi in exchange of their 1$ bill.
But I will when it happens!
But I will when it happens!
November 05, 2013, 02:07:44 PM
A little premature don't you think?
Yeah, please try again around 1000 USD/BTC price point, thank you!
Those who mined&bought BTC are already among the new wealthy elite, no need to wait for $1000 USD/BTC.
yes, the very early adopters and now devs, businessmen etc etc are already very wealthy. they will build more on top of bitcoin and make the system even better.
November 05, 2013, 01:45:34 PM
A little premature don't you think?
Yeah, please try again around 1000 USD/BTC price point, thank you!
Those who mined&bought BTC are already among the new wealthy elite, no need to wait for $1000 USD/BTC.
November 05, 2013, 12:39:14 PM
A little premature don't you think?
November 05, 2013, 12:28:05 PM
Oh look its this thread again
November 05, 2013, 11:56:00 AM
Bump
Bumping this thread doesn't work anymore.Maybe try translating it to Chinese?
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