Topic: This is a Golden transaction in the history of Bitcoin (Read 4921 times)
I think in future btc will be in the mainstream.And it's price will be higher and stable.
Many people will be looking back wishing they bid higher in that auction.
two years later:
"700 USD were very cheap two years ago, now we have to pay 40.000 USD"
Definitely a possibility
Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.
What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?
Indeed, learn some lessons from history 40k is less than 8 fold in price a year. That is entirely within the range of possibilities (albeit not the most likely)
By 8 fold, do u mean 8 times or double in every fold ?
If it is 8 times, it wont reach 40k within 2 year and if it is double in every fold, it'll reach 40k within a year !!!
Unless the US dollar hyperinflates, this would be infeasible. The best possible outcome would be Bitcoin replacing all fiat in every country. And even then, the price would only be about 1 satoshi = 1 cent at today's purchasing power.
The USD is already hyperinflating for several years. It's just not visible because all fiat currencies are hyperinflating. The currency basis of the USD tripled in a very short period.
Many people will be looking back wishing they bid higher in that auction.
two years later:
"700 USD were very cheap two years ago, now we have to pay 40.000 USD"
Definitely a possibility
Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.
What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?
Indeed, learn some lessons from history 40k is less than 8 fold in price a year. That is entirely within the range of possibilities (albeit not the most likely)
By 8 fold, do u mean 8 times or double in every fold ?
If it is 8 times, it wont reach 40k within 2 year and if it is double in every fold, it'll reach 40k within a year !!!
What? 627*8*8=40128 >40k is what I meant.
By this Tx US govt gives legitimacy to Bitcoin trading.
The fact that they sold the bitcoins in an auction suggests they don't intend to prohibit Bitcoin trading. Otherwise, they would have simply destroyed them just like the way they do with drugs and pornography. So yes, it does give Bitcoin legitimacy.
but on the other hand, the fact they decided its time to sell those bitcoins in the first place shows that their real opinion is that its price will fall in future.
Nonsense. What does the government do with otherwise legal assets sized in criminal investigations? It liquidates them for USD. Invariably. Houses, cars, jewelry, gold, ... cryptocurrency. It would be remarkable if they _didn't_ convert them to cash.
edit: replace period with question mark
Technically true, but remember it's the Government we're talking about here. They make the rules. If they thought that hodling Bitcoin would have benefited them in the long run, I'm sure they would have done so.
Many people will be looking back wishing they bid higher in that auction.
two years later:
"700 USD were very cheap two years ago, now we have to pay 40.000 USD"
Definitely a possibility
Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.
Unless the US dollar hyperinflates, this would be infeasible. The best possible outcome would be Bitcoin replacing all fiat in every country. And even then, the price would only be about 1 satoshi = 1 cent at today's purchasing power.
Many people will be looking back wishing they bid higher in that auction.
two years later:
"700 USD were very cheap two years ago, now we have to pay 40.000 USD"
Definitely a possibility
Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.
What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?
Indeed, learn some lessons from history 40k is less than 8 fold in price a year. That is entirely within the range of possibilities (albeit not the most likely)
By 8 fold, do u mean 8 times or double in every fold ?
If it is 8 times, it wont reach 40k within 2 year and if it is double in every fold, it'll reach 40k within a year !!!
Many people will be looking back wishing they bid higher in that auction.
two years later:
"700 USD were very cheap two years ago, now we have to pay 40.000 USD"
Definitely a possibility
Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.
What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?
Indeed, learn some lessons from history 40k is less than 8 fold in price a year. That is entirely within the range of possibilities (albeit not the most likely)
I wonder how long it will be before your use of the word "golden" become antiquated and irrelevant?
My guess: we are the last generation of humans to use that word in this way.
My guess: we are the last generation of humans to use that word in this way.
Possibilities are low. This has become symbolic. Even Bitcoin looks golden, whereas Litecoin looks like silver. We have silver jubilee, golden jubilee etc. So Golden is gonna stay !!!
I nominate this post for [colour=platinum]Platinum[//colour] Post of the Year.
Many people will be looking back wishing they bid higher in that auction.
two years later:
"700 USD were very cheap two years ago, now we have to pay 40.000 USD"
Definitely a possibility
Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.
What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?
Many people will be looking back wishing they bid higher in that auction.
two years later:
"700 USD were very cheap two years ago, now we have to pay 40.000 USD"
Definitely a possibility
Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.
The increase in the 2 years up to the ATH last year was bigger than that, so it definately isn't unrealistic.
However a lot of positive things will have to happen to see such an increase again in the same timespan.
Fee: 0.00000000
Ah... the beauty of Bitcoin. How else can you send $18,150,888 across the nation for free?
Ah... the beauty of Bitcoin. How else can you send $18,150,888 across the nation for free?
Many people will be looking back wishing they bid higher in that auction.
two years later:
"700 USD were very cheap two years ago, now we have to pay 40.000 USD"
Definitely a possibility
Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.
Many people will be looking back wishing they bid higher in that auction.
There still lots of bitcoin for sale on the exchanges if they still want to buy some. It's out there if the want it.
I think he meant after a few years...
Many people will be looking back wishing they bid higher in that auction.
There still lots of bitcoin for sale on the exchanges if they still want to buy some. It's out there if the want it.
Assholes didn't even pay a transaction fee.
They have paid in matured coin. So Tx fee was not required. Moreover, the network cant keep such a big Tx outside the public ledger. That would create accountability problem for miners
https://en.bitcoin.it/wiki/Transaction_fees#Sending
Assholes didn't even pay a transaction fee.
Many people will be looking back wishing they bid higher in that auction.
two years later:
"700 USD were very cheap two years ago, now we have to pay 40.000 USD"
Definitely a possibility
They can still make it illegal to trade in a month, right ?
Probably, wont.. but just saying they could.
Probably, wont.. but just saying they could.
How come ? After selling something to a person u'll call it illegal ? Govt will be sued and they'll lose that case for sure...
Yep, even though a few people were against this auction, it does add a level of stability to Bitcoin. We can now know with certainty that the U.S. will not push any bans on BTC anytime in the near (near=years, at a minimum) future.
The problem they can create now is with deep taxation.
They can still make it illegal to trade in a month, right ?
Probably, wont.. but just saying they could.
Probably, wont.. but just saying they could.
How come ? After selling something to a person u'll call it illegal ? Govt will be sued and they'll lose that case for sure...
Yep, even though a few people were against this auction, it does add a level of stability to Bitcoin. We can now know with certainty that the U.S. will not push any bans on BTC anytime in the near (near=years, at a minimum) future.
But somebody (i.e. the owner of the site) did. And the FBI clearly stole the private key and associated coins from him/her/them.
He thought it was a good idea to (publicly) oppose those who have a monopoly on violence. Whether one disagrees with him on that or not, he should have been better prepared for what he was doing. There are ways he could have easily protected his coins.
He failed to protect himself and those who trusted him. You can't blame the FBI for being the FBI any more than you can blame a bear for shitting in the woods.
Multi sig multi sig multi sig.
It alarms me how few people know that using this makes your bitcoins so very very much more secure.
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