Topic: POLL: How die hard are you? - page 2. (Read 4854 times)
There are lot of holders in the forum (I'm one of them),I think it's the most safe and easy choice.
Ok, let's assume that the following scenario is actually possible, I would like to know how you feel when all these thing happen at the same time:
Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.
Uh, you mean 51% attack?Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.
15,6%
I was LMAO when I gave the 15,6 answer.
Definitely the first choice!
Why exchange to fiat, gold, or other goods?
Why exchange to fiat, gold, or other goods?
Ok, let's assume that the following scenario is actually possible, I would like to know how you feel when all these thing happen at the same time:
Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.
Uh, you mean 51% attack?Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.
15,6%
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
http://www.theguardian.com/technology/2014/jun/04/life-sentence-cybercrime-queens-speech
Life sentences for non violent crimes?
I hate the ddos people and hackers in general as much as everyone else but wow.
The law would have a maximum sentence of 14 years for attacks that create "a significant risk of severe economic or environmental damage or social disruption".
"When injustice becomes law, resistance becomes duty".
-Adam Kokesh
The first criterion would make me nervous, from my limited knowledge, not enough to liquidate.
The second one would make me want to hold and use my coin even more! BTC is attractive to me specifically because it is a currency system that provides freedom which fiat does not.
If Satoshi dies I will cry in my pillow, and then (figuratively) roll around in my bitcoins until I feel better (but not sell them).
so far almost 70% of the people who voted would hold their coins, even if it were under a 51%+ attack. i think i'm calling bullshit. the truth is that people care about their own wealth more than they do the development of bitcoin. not that there's anything wrong with that.
The nice thing about open source communities is the human connections and communication. No social technologies are flawless where people are concerned. While Bitcoin is mostly a trustless system, it is not completely independent from the trusted people that work hard to continuously improve its service. With Bitcoin, you are not investing in a corporation owned by nameless stockholders, you are investing in a revolution whose stockholders are the people that believe that the smartest people can outsmart greedy people. Even if greedy people think they can outsmart some of us, smart people tend to stick together and do what is right for the greater good.the problem is that you can steal millions of dollars worth before stepping foot outside your doorstep. and it's much harder to track down an internet thief than it is someone who actually puts themselves on the line. i do hope the honest people can win out against the scammers, but the scammers have a pretty big advantage in their hit-and-run schemes.
so far almost 70% of the people who voted would hold their coins, even if it were under a 51%+ attack. i think i'm calling bullshit. the truth is that people care about their own wealth more than they do the development of bitcoin. not that there's anything wrong with that.
The nice thing about open source communities is the human connections and communication. No social technologies are flawless where people are concerned. While Bitcoin is mostly a trustless system, it is not completely independent from the trusted people that work hard to continuously improve its service. With Bitcoin, you are not investing in a corporation owned by nameless stockholders, you are investing in a revolution whose stockholders are the people that believe that the smartest people can outsmart greedy people. Even if greedy people think they can outsmart some of us, smart people tend to stick together and do what is right for the greater good.the problem is that you can steal millions of dollars worth before stepping foot outside your doorstep. and it's much harder to track down an internet thief than it is someone who actually puts themselves on the line. i do hope the honest people can win out against the scammers, but the scammers have a pretty big advantage in their hit-and-run schemes.
so far almost 70% of the people who voted would hold their coins, even if it were under a 51%+ attack. i think i'm calling bullshit. the truth is that people care about their own wealth more than they do the development of bitcoin. not that there's anything wrong with that.
The nice thing about open source communities is the human connections and communication. No social technologies are flawless where people are concerned. While Bitcoin is mostly a trustless system, it is not completely independent from the trusted people that work hard to continuously improve its service. With Bitcoin, you are not investing in a corporation owned by nameless stockholders, you are investing in a revolution whose stockholders are the people that believe that the smartest people can outsmart greedy people. Even if greedy people think they can outsmart some of us, smart people tend to stick together and do what is right for the greater good. Ok, let's assume that the following scenario is actually possible, I would like to know how you feel when all these thing happen at the same time:
Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.
Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.
Satoshi is my god
legendary
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Well since your scenario pretty much spells Armageddon
I would get stuff and then go back later to reinvest in Bitcoin using said stuff
I would get stuff and then go back later to reinvest in Bitcoin using said stuff
so far almost 70% of the people who voted would hold their coins, even if it were under a 51%+ attack. i think i'm calling bullshit. the truth is that people care about their own wealth more than they do the development of bitcoin. not that there's anything wrong with that.
The "problem" is, most people have a large amount of BTC in cold storage which is not easy to access.My largest stack is also very unaccessible.
That means that I'm always too late to sell for a reasonable price.
And also I invested not more than I'm willing to loose 100%.
For me it is a binary bet, zero or (close to) infinite value.
I'm already more than happy to be involved in this experiment.
The money I've spend could not buy me more happiness and excitement for such a long time.
Hanging on to the Bitcoin train.
so far almost 70% of the people who voted would hold their coins, even if it were under a 51%+ attack. i think i'm calling bullshit. the truth is that people care about their own wealth more than they do the development of bitcoin. not that there's anything wrong with that.
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
http://www.theguardian.com/technology/2014/jun/04/life-sentence-cybercrime-queens-speech
Life sentences for non violent crimes?
I hate the ddos people and hackers in general as much as everyone else but wow.
The law would have a maximum sentence of 14 years for attacks that create "a significant risk of severe economic or environmental damage or social disruption".
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
http://www.theguardian.com/technology/2014/jun/04/life-sentence-cybercrime-queens-speech
Life sentences for non violent crimes?
I hate the ddos people and hackers in general as much as everyone else but wow.
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
http://www.theguardian.com/technology/2014/jun/04/life-sentence-cybercrime-queens-speech
If all of those things are happening, then things have frankly gotten out of hand.
With the double-spend issue, unless it's reconciled in some fashion, it's hard to make a case for continuing on.
As for the prison issue, the moment that owning BTC becomes a more severe crime than killing a family of 5 due to intoxication, something is terribly wrong with the system and likely all hell has broken loose.
Admittedly, the death of Satoshi shouldn't factor too much into the decision. After all, like I said the prison thing kinda implies a canon of zeal and possibly anarchy.
With the double-spend issue, unless it's reconciled in some fashion, it's hard to make a case for continuing on.
As for the prison issue, the moment that owning BTC becomes a more severe crime than killing a family of 5 due to intoxication, something is terribly wrong with the system and likely all hell has broken loose.
Admittedly, the death of Satoshi shouldn't factor too much into the decision. After all, like I said the prison thing kinda implies a canon of zeal and possibly anarchy.
Actually good point! If all those things happen, THEN is the time that BTC was made for!
Under a 66% attack divesting is impossible, so the first option is the only rational response.
If this scenario actually happens, then the exchange rate of Bitcoins will crash until it becomes near zero. At that point, there is no use in exchanging your Bitcoins to fiat or bullion.
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