Topic: If Bitcoin fails.. - page 3. (Read 9519 times)
Bitcoin is a recent phenomenon in which the funds are converted from one currency to another currency, and distributed via the internet. A virtual bank, its popularity has increased because there is no physical location where the funds can be entangled in a complicated affair, and there is no way for people to browse the tax funds easily. On the other hand, the money will be virtual (virtual), thereby disappeared with the internet.
I do not think that Bitcoin fail. But I know that I learned new interesting things like new ASCI HW, some of the Linux and some trading skills.
I have a different view of encryption and security now.
All thank`s Bitcoin and people around
I have a different view of encryption and security now.
All thank`s Bitcoin and people around
The part about Bitcoin failing is more of a thought experiment though. The OP is pretty much asking what you've got out of your Bitcoin experience, which is a pretty interesting premise. I guess I'll go with the generic response and say that I got an enthusiasm in investing, but I would never really want an investment job on Wallstreet.
I learned greed is basic characteristic of social people.
this made me lol. the sad truth is funny sometimes
That money does not need to grow on trees in the future
Yes, I've learned that money does not grow on trees. It grows in computers.
I've definitely learned a lot about economics and also a few trading tricks that I might use when on the stock exchange.
I do not think that Bitcoin fail. But I know that I learned new interesting things like new ASCI HW, some of the Linux and some trading skills.
I have a different view of encryption and security now.
All thank`s Bitcoin and people around
I have a different view of encryption and security now.
All thank`s Bitcoin and people around
I don,t think so Bitcoin will fail.... 
Even if it fails (which I don't think it will), I'll still be able to walk away with some very basic knowledge economics, trading and cryptography.
What have you learned from Bitcoin?
What have you learned from Bitcoin?
I don't learn much. But in conversation the other day I ws able to say:
"No, it's not a Mac, its a Hackintosh. And I built it from parts purchased with bitcoin."
"How did you get the bitcoin?"
"I mined the bitcoin."
If that was the only thing I've gotten out of Bitcoin, I can say that that is fulfilling enough for me.
Bitcoin is an experiment of worldwide community. Maybe the first one.
coming to a close with the hardfork
Which one? The one from August 2010? Or the one from March 2013?
Bitcoin is an experiment of worldwide community. Maybe the first one.
coming to a close with the hardfork
Largely, that you probably can't trust most people when it comes to money/cryptos. There are some honest people, but most of the time if it looks too good to be true, it probably isn't. There isn't anything that is guranteed to give you a 1000% ROI in 4 weeks, it just doesn't happen, yet people believe these things when it comes to cryptos.
lesson learned to never get in to these shit again. 
That money does not need to grow on trees in the future
Lol!! Nice answer!! cracked me up good!
Accountability over all else.
Bitcoin is an experiment of worldwide community. Maybe the first one.
I sure hope this experiment succeeds, at least on a small scale.
bitcoin had already his moment of glory..we're waiting for the next world wide miracle
Bitcoin is an experiment of worldwide community. Maybe the first one.
To top it off, we peons in the space get the same kind of favorable tax treatment afforded to rich people in the fairly low long term capital gains rates.
Puzzled. Capital gains are capital gains. How else would you expect it to be treated?
Back when I worked for a living, I paid about 30% or something to the feds (and whatever to the state.) Now I pay %15 to the feds. (IIRC...I've a CPA do this shit so I don't have to fill my brain with such things.) Now I know what it feels like to be a trust-fund brat.
Notwithstanding the fact that it was not perfectly clear how Bitcoin profits would be taxed (here in the U.S.) until the code came out, my point is that people who make money by having money get a break compared to those who show up for work. Apparently GW Bush had things rigged up pretty nicely where long term capital gains rate was a whopping 0% but that fuckin' Obama nixed it the very same year it would have done me some good. Oh well...I'll survive I think.
To top it off, we peons in the space get the same kind of favorable tax treatment afforded to rich people in the fairly low long term capital gains rates.
Puzzled. Capital gains are capital gains. How else would you expect it to be treated?
...
and after it has failed we will enter a stage where you can make money all year long - not only in 2 weeks every 4 years.
I for one welcome the fail with open arms.
And a lot of good memes will come from it too.
and after it has failed we will enter a stage where you can make money all year long - not only in 2 weeks every 4 years.
I for one welcome the fail with open arms.
And a lot of good memes will come from it too.
Yeah, let's make it happen. We'll all be making money on mining alts! No one will have to work ever no more! Just fun and games all year-round.
Sounds entirely feasible
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