Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21219. (Read 26711436 times)
July 21, 2015, 11:08:43 AM
if only...
July 21, 2015, 11:02:06 AM
Remember 2012 ?
Time to go to 500 USD now ...
Time to go to 500 USD now ...
July 21, 2015, 11:01:27 AM
July 21, 2015, 10:59:45 AM
WTF ... the price is FLAT ! 
OK, it's better for business ... and vacancy. 
OK, it's better for business ... and vacancy. July 21, 2015, 10:01:33 AM
July 21, 2015, 09:09:48 AM
Increasing divisibility is not the same as printing more dollars, it's the same as breaking up dollars into pennies, or pennies into even smaller units if the dollar becomes so valuable that even pennies have to be broken up into smaller parts.
I am personally gutted that someone thought of breaking up gold bars into 1oz coins. Now my 10kg ingots are almost worthless I don't invest in gold because I don't have enough money to afford a full bar of gold.
/Snickers.
So its like the money system we have right now... just paper.
July 21, 2015, 09:01:25 AM
July 21, 2015, 08:01:57 AM
July 21, 2015, 07:11:12 AM
Looks like the stories about Greece are over for now. What's next?
Maybe Ukraine again, or not Korea, or some other war that people think may poop up
July 21, 2015, 07:01:37 AM
July 21, 2015, 06:49:28 AM
What happens when people die and nobody can un-encrypt their wallets? Sad day for whoever's next of kin. That's not a problem with bitcoin, that is the problem of one idiot user not taking his own mortality into account when handling his money. A nationwide wildfire could theoretically destroy an entire nation's fiat, you know how common nation-wide EMP blasts are? As common as nation-wide fires. And last time I checked EMPs DO NO DAMAGE TO PAPER WALLETS. How dare you call yourself a miner when displaying such blatant ignorance!? Back up your shit, and it's good against the destruction of the backed-up material. If you have bitcoin and two neurons to rub together, you have several backups in several forms and storage means.
Yeah, at the time, 32K seems excessive. I think we'll be at 10K by 2020, tops.
Sure, any other and more widely accepted crypto has a chance at being as (or more) popular and widely used than bitcoin. And we can sit here and type for days about the millions of hypothetical scenarios where bitcoin ends below the competition (be it fiat or altcoins). One bitcoin is 1 billion satoshi. There will be 21 million billion satoshi by the time all bitcoin are mined. Even if 90% of that is lost, we will have 2.1 million billion satoshi... are those not enough to circulate? There are $5 trillion in printed cash in the world. There is (the equivalent) of 500 trillion pennies in cash in the world at the moment (according to this: http://gizmodo.com/5995301/how-much-money-is-there-on-earth). Are 2,000 trillion satoshi (10% of total bitcoin that there will ever be) not enough to be used as cash!? "Eventually, it will not be enough!" what a dishonest argument. We won't have to worry about that. Our children won't have to worry about that. Our children's children might ponder that someday there might not be enough satoshi to use bitcoin as fiat... I doubt that the hypothetical scenario of having to re-start block rewards will happen this century.
No form of value exchange is intrinsically backed by anything. Gold? Just pretty looking metal, arbitrarily chosen to be valuable. Fiat? Backed by politic stability, look at what happened to the Euro over the Greek drama. Crypto? Arbitrarily chose bits and bytes to represent value. So long as it's good to exchange for goods and services, I dont care what arbitrary, human-created token we use.
Yeah, at the time, 32K seems excessive. I think we'll be at 10K by 2020, tops.
Sure, any other and more widely accepted crypto has a chance at being as (or more) popular and widely used than bitcoin. And we can sit here and type for days about the millions of hypothetical scenarios where bitcoin ends below the competition (be it fiat or altcoins). One bitcoin is 1 billion satoshi. There will be 21 million billion satoshi by the time all bitcoin are mined. Even if 90% of that is lost, we will have 2.1 million billion satoshi... are those not enough to circulate? There are $5 trillion in printed cash in the world. There is (the equivalent) of 500 trillion pennies in cash in the world at the moment (according to this: http://gizmodo.com/5995301/how-much-money-is-there-on-earth). Are 2,000 trillion satoshi (10% of total bitcoin that there will ever be) not enough to be used as cash!? "Eventually, it will not be enough!" what a dishonest argument. We won't have to worry about that. Our children won't have to worry about that. Our children's children might ponder that someday there might not be enough satoshi to use bitcoin as fiat... I doubt that the hypothetical scenario of having to re-start block rewards will happen this century.
No form of value exchange is intrinsically backed by anything. Gold? Just pretty looking metal, arbitrarily chosen to be valuable. Fiat? Backed by politic stability, look at what happened to the Euro over the Greek drama. Crypto? Arbitrarily chose bits and bytes to represent value. So long as it's good to exchange for goods and services, I dont care what arbitrary, human-created token we use.
Just forget such stupid "we will not have enough satoshi" or "lost bitcoin is not recoverable" arguments. 2 years ago I have shown how we could indefinitely sub-divide a satoshi with a soft-fork.
https://bitcointalk.org/index.php?topic=256516.10
Do you even think? You're not making sense here. Increasing divisibility is not the same as printing more dollars, it's the same as breaking up dollars into pennies, or pennies into even smaller units if the dollar becomes so valuable that even pennies have to be broken up into smaller parts. Use your brain man.
i see what your saying.. and it still sounds like a fiat scheme to me... your still creating a new unit of currency to trade... you may as well make more bitcoins.
July 21, 2015, 06:41:15 AM
Looks like the stories about Greece are over for now. What's next?
A worthless shitcoin.
Another story about Greece
July 21, 2015, 06:40:32 AM
Looks like the stories about Greece are over for now. What's next?
The dollar contracts AIDS.
July 21, 2015, 06:39:17 AM
Looks like the stories about Greece are over for now. What's next?
A worthless shitcoin.
July 21, 2015, 06:30:20 AM
Increasing divisibility is not the same as printing more dollars, it's the same as breaking up dollars into pennies, or pennies into even smaller units if the dollar becomes so valuable that even pennies have to be broken up into smaller parts.
I am personally gutted that someone thought of breaking up gold bars into 1oz coins. Now my 10kg ingots are almost worthless I don't invest in gold because I don't have enough money to afford a full bar of gold.
July 21, 2015, 06:26:57 AM
Increasing divisibility is not the same as printing more dollars, it's the same as breaking up dollars into pennies, or pennies into even smaller units if the dollar becomes so valuable that even pennies have to be broken up into smaller parts.
I am personally gutted that someone thought of breaking up gold bars into 1oz coins. Now my 10kg ingots are almost worthless I don't invest in gold because I don't have enough money to afford a full bar of gold.
July 21, 2015, 06:22:31 AM
Increasing divisibility is not the same as printing more dollars, it's the same as breaking up dollars into pennies, or pennies into even smaller units if the dollar becomes so valuable that even pennies have to be broken up into smaller parts.
I am personally gutted that someone thought of breaking up gold bars into 1oz coins. Now my 10kg ingots are almost worthless July 21, 2015, 06:17:17 AM
What happens when people die and nobody can un-encrypt their wallets? Sad day for whoever's next of kin. That's not a problem with bitcoin, that is the problem of one idiot user not taking his own mortality into account when handling his money. A nationwide wildfire could theoretically destroy an entire nation's fiat, you know how common nation-wide EMP blasts are? As common as nation-wide fires. And last time I checked EMPs DO NO DAMAGE TO PAPER WALLETS. How dare you call yourself a miner when displaying such blatant ignorance!? Back up your shit, and it's good against the destruction of the backed-up material. If you have bitcoin and two neurons to rub together, you have several backups in several forms and storage means.
Yeah, at the time, 32K seems excessive. I think we'll be at 10K by 2020, tops.
Sure, any other and more widely accepted crypto has a chance at being as (or more) popular and widely used than bitcoin. And we can sit here and type for days about the millions of hypothetical scenarios where bitcoin ends below the competition (be it fiat or altcoins). One bitcoin is 1 billion satoshi. There will be 21 million billion satoshi by the time all bitcoin are mined. Even if 90% of that is lost, we will have 2.1 million billion satoshi... are those not enough to circulate? There are $5 trillion in printed cash in the world. There is (the equivalent) of 500 trillion pennies in cash in the world at the moment (according to this: http://gizmodo.com/5995301/how-much-money-is-there-on-earth). Are 2,000 trillion satoshi (10% of total bitcoin that there will ever be) not enough to be used as cash!? "Eventually, it will not be enough!" what a dishonest argument. We won't have to worry about that. Our children won't have to worry about that. Our children's children might ponder that someday there might not be enough satoshi to use bitcoin as fiat... I doubt that the hypothetical scenario of having to re-start block rewards will happen this century.
No form of value exchange is intrinsically backed by anything. Gold? Just pretty looking metal, arbitrarily chosen to be valuable. Fiat? Backed by politic stability, look at what happened to the Euro over the Greek drama. Crypto? Arbitrarily chose bits and bytes to represent value. So long as it's good to exchange for goods and services, I dont care what arbitrary, human-created token we use.
Yeah, at the time, 32K seems excessive. I think we'll be at 10K by 2020, tops.
Sure, any other and more widely accepted crypto has a chance at being as (or more) popular and widely used than bitcoin. And we can sit here and type for days about the millions of hypothetical scenarios where bitcoin ends below the competition (be it fiat or altcoins). One bitcoin is 1 billion satoshi. There will be 21 million billion satoshi by the time all bitcoin are mined. Even if 90% of that is lost, we will have 2.1 million billion satoshi... are those not enough to circulate? There are $5 trillion in printed cash in the world. There is (the equivalent) of 500 trillion pennies in cash in the world at the moment (according to this: http://gizmodo.com/5995301/how-much-money-is-there-on-earth). Are 2,000 trillion satoshi (10% of total bitcoin that there will ever be) not enough to be used as cash!? "Eventually, it will not be enough!" what a dishonest argument. We won't have to worry about that. Our children won't have to worry about that. Our children's children might ponder that someday there might not be enough satoshi to use bitcoin as fiat... I doubt that the hypothetical scenario of having to re-start block rewards will happen this century.
No form of value exchange is intrinsically backed by anything. Gold? Just pretty looking metal, arbitrarily chosen to be valuable. Fiat? Backed by politic stability, look at what happened to the Euro over the Greek drama. Crypto? Arbitrarily chose bits and bytes to represent value. So long as it's good to exchange for goods and services, I dont care what arbitrary, human-created token we use.
Just forget such stupid "we will not have enough satoshi" or "lost bitcoin is not recoverable" arguments. 2 years ago I have shown how we could indefinitely sub-divide a satoshi with a soft-fork.
https://bitcointalk.org/index.php?topic=256516.10
Do you even think? You're not making sense here. Increasing divisibility is not the same as printing more dollars, it's the same as breaking up dollars into pennies, or pennies into even smaller units if the dollar becomes so valuable that even pennies have to be broken up into smaller parts. Use your brain man.
July 21, 2015, 06:04:08 AM
nah probably not... it is more likely 'all of us' bitcoiners will take a nice big haircut during the 'big block of cheese day' which many of us know is coming. too many issues with bitcoin right now. what happens when peeps die and no one can un-encrypt their wallets ?? value goes up because there is less bitcoins ?? if an EMP strikes then no one can buy anything cuz all currency is cryptos .. that wont work because it is a weakness.. one EMP bomb takes out a countries entire economic infrastructure ??
if it does go to 32k+ that would be great because i have a few bitcoins.. but i think gold will be 32k+ before bitcoins will be....
ripple has just as good if not better chance at the new generation of fiat currency than does bitcoin because at least they are straight forward about making more coins when people lose their coins.. eventually bitcoin will be forced to 'create out of thin air' more bitcoins and we all know how that is going to turn out. when tell everyone your never going to make more bitcoins and that is why your different than fiat when you know you will be forced to print more at some point is not being straight forward. and when you finally print more then you are a glorified fiat.. ..... sure its innovating but it has problems that going to take a lot more innovation to be resolved... it is doubtful there is enough time left to fix all of it's shortcomings.
and bitcoin is backed by NOTHING... it's intrinsic.. hhahhahha.
if it does go to 32k+ that would be great because i have a few bitcoins.. but i think gold will be 32k+ before bitcoins will be....
ripple has just as good if not better chance at the new generation of fiat currency than does bitcoin because at least they are straight forward about making more coins when people lose their coins.. eventually bitcoin will be forced to 'create out of thin air' more bitcoins and we all know how that is going to turn out. when tell everyone your never going to make more bitcoins and that is why your different than fiat when you know you will be forced to print more at some point is not being straight forward. and when you finally print more then you are a glorified fiat.. ..... sure its innovating but it has problems that going to take a lot more innovation to be resolved... it is doubtful there is enough time left to fix all of it's shortcomings.
and bitcoin is backed by NOTHING... it's intrinsic.. hhahhahha.
What happens when people die and nobody can un-encrypt their wallets? Sad day for whoever's next of kin. That's not a problem with bitcoin, that is the problem of one idiot user not taking his own mortality into account when handling his money. A nationwide wildfire could theoretically destroy an entire nation's fiat, you know how common nation-wide EMP blasts are? As common as nation-wide fires. And last time I checked EMPs DO NO DAMAGE TO PAPER WALLETS. How dare you call yourself a miner when displaying such blatant ignorance!? Back up your shit, and it's good against the destruction of the backed-up material. If you have bitcoin and two neurons to rub together, you have several backups in several forms and storage means.
Yeah, at the time, 32K seems excessive. I think we'll be at 10K by 2020, tops.
Sure, any other and more widely accepted crypto has a chance at being as (or more) popular and widely used than bitcoin. And we can sit here and type for days about the millions of hypothetical scenarios where bitcoin ends below the competition (be it fiat or altcoins). One bitcoin is 1 billion satoshi. There will be 21 million billion satoshi by the time all bitcoin are mined. Even if 90% of that is lost, we will have 2.1 million billion satoshi... are those not enough to circulate? There are $5 trillion in printed cash in the world. There is (the equivalent) of 500 trillion pennies in cash in the world at the moment (according to this: http://gizmodo.com/5995301/how-much-money-is-there-on-earth). Are 2,000 trillion satoshi (10% of total bitcoin that there will ever be) not enough to be used as cash!? "Eventually, it will not be enough!" what a dishonest argument. We won't have to worry about that. Our children won't have to worry about that. Our children's children might ponder that someday there might not be enough satoshi to use bitcoin as fiat... I doubt that the hypothetical scenario of having to re-start block rewards will happen this century.
No form of value exchange is intrinsically backed by anything. Gold? Just pretty looking metal, arbitrarily chosen to be valuable. Fiat? Backed by politic stability, look at what happened to the Euro over the Greek drama. Crypto? Arbitrarily chose bits and bytes to represent value. So long as it's good to exchange for goods and services, I dont care what arbitrary, human-created token we use.
there is a lot of stupid and dumb idiot people in the world... bunches of them... that is going to be a problem.. a big problem that has no resolution. .. whats going to happen is its going to take 32k+ bitcoins to buy a single gold coin and not vice versa.
Please short this fucker to zero then.
i'm not shorting, and i don't leverage. just stating the facts.
July 21, 2015, 06:01:49 AM
nah probably not... it is more likely 'all of us' bitcoiners will take a nice big haircut during the 'big block of cheese day' which many of us know is coming. too many issues with bitcoin right now. what happens when peeps die and no one can un-encrypt their wallets ?? value goes up because there is less bitcoins ?? if an EMP strikes then no one can buy anything cuz all currency is cryptos .. that wont work because it is a weakness.. one EMP bomb takes out a countries entire economic infrastructure ??
if it does go to 32k+ that would be great because i have a few bitcoins.. but i think gold will be 32k+ before bitcoins will be....
ripple has just as good if not better chance at the new generation of fiat currency than does bitcoin because at least they are straight forward about making more coins when people lose their coins.. eventually bitcoin will be forced to 'create out of thin air' more bitcoins and we all know how that is going to turn out. when tell everyone your never going to make more bitcoins and that is why your different than fiat when you know you will be forced to print more at some point is not being straight forward. and when you finally print more then you are a glorified fiat.. ..... sure its innovating but it has problems that going to take a lot more innovation to be resolved... it is doubtful there is enough time left to fix all of it's shortcomings.
and bitcoin is backed by NOTHING... it's intrinsic.. hhahhahha.
if it does go to 32k+ that would be great because i have a few bitcoins.. but i think gold will be 32k+ before bitcoins will be....
ripple has just as good if not better chance at the new generation of fiat currency than does bitcoin because at least they are straight forward about making more coins when people lose their coins.. eventually bitcoin will be forced to 'create out of thin air' more bitcoins and we all know how that is going to turn out. when tell everyone your never going to make more bitcoins and that is why your different than fiat when you know you will be forced to print more at some point is not being straight forward. and when you finally print more then you are a glorified fiat.. ..... sure its innovating but it has problems that going to take a lot more innovation to be resolved... it is doubtful there is enough time left to fix all of it's shortcomings.
and bitcoin is backed by NOTHING... it's intrinsic.. hhahhahha.
What happens when people die and nobody can un-encrypt their wallets? Sad day for whoever's next of kin. That's not a problem with bitcoin, that is the problem of one idiot user not taking his own mortality into account when handling his money. A nationwide wildfire could theoretically destroy an entire nation's fiat, you know how common nation-wide EMP blasts are? As common as nation-wide fires. And last time I checked EMPs DO NO DAMAGE TO PAPER WALLETS. How dare you call yourself a miner when displaying such blatant ignorance!? Back up your shit, and it's good against the destruction of the backed-up material. If you have bitcoin and two neurons to rub together, you have several backups in several forms and storage means.
Yeah, at the time, 32K seems excessive. I think we'll be at 10K by 2020, tops.
Sure, any other and more widely accepted crypto has a chance at being as (or more) popular and widely used than bitcoin. And we can sit here and type for days about the millions of hypothetical scenarios where bitcoin ends below the competition (be it fiat or altcoins). One bitcoin is 1 billion satoshi. There will be 21 million billion satoshi by the time all bitcoin are mined. Even if 90% of that is lost, we will have 2.1 million billion satoshi... are those not enough to circulate? There are $5 trillion in printed cash in the world. There is (the equivalent) of 500 trillion pennies in cash in the world at the moment (according to this: http://gizmodo.com/5995301/how-much-money-is-there-on-earth). Are 2,000 trillion satoshi (10% of total bitcoin that there will ever be) not enough to be used as cash!? "Eventually, it will not be enough!" what a dishonest argument. We won't have to worry about that. Our children won't have to worry about that. Our children's children might ponder that someday there might not be enough satoshi to use bitcoin as fiat... I doubt that the hypothetical scenario of having to re-start block rewards will happen this century.
No form of value exchange is intrinsically backed by anything. Gold? Just pretty looking metal, arbitrarily chosen to be valuable. Fiat? Backed by politic stability, look at what happened to the Euro over the Greek drama. Crypto? Arbitrarily chose bits and bytes to represent value. So long as it's good to exchange for goods and services, I dont care what arbitrary, human-created token we use.
there is a lot of stupid and dumb idiot people in the world... bunches of them... that is going to be a problem.. a big problem that has no resolution. .. whats going to happen is its going to take 32k+ bitcoins to buy a single gold coin and not vice versa.
Please short this fucker to zero then.
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