Do you think Arnie wore underpants in Commando?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22479. (Read 26608508 times)
March 12, 2015, 11:21:03 AM
March 12, 2015, 11:19:47 AM
March 12, 2015, 11:14:11 AM
March 12, 2015, 11:08:21 AM
is notlambchop dead ?
ftfy 
March 12, 2015, 11:07:32 AM
What is happening
Did i miss some good news?
A few weeks ago it was like 'it will go down to 120!'
Bitcoin hit rock bottom and is doing great at AA.
March 12, 2015, 11:07:20 AM
Thread retarded again, shit's gonna happen..
smelling incoming pump
btw. tbh thinking deeper about it, satoshifanclub is kinda right and i took it a step further:
what would happen if tommorow an asteroid hits the earth and kills nearly everything on earth?
no bitcoins, no millionairs and we wouldnt even need community consensus for that to happen....?
He is right in that it is technically possible, but he underestimates the obstacles to this happening. However, I can imagine a time in the future where the ruling consensus is that Bitcoin needs to start the printing press again because it has grown too big for its 21 million and many decimal points. But by then Bitcoin has taken off big time and we'll all be dead or millionaires/billionaires.
Of course he is right on a technical level, (I was just busting his balls and ignoring his point on purpose, because he ignores the point it is not practical in reality) but if this change was to be made, then all that would have to be decided, is what the new name for the new coins would be.
Also I can not see why would it ever need to be done? it would surely only be a psychological thing would it not? it is akin to share dilution
What would the difference be between
21 million coins at $1 dollar each
and 42 million coins at 50 cents each?
What would the difference be of a market cap of $21,000,000 and 21 million BTC being valued at $1 each and a $21,000,000 market cap, with 42 million coins being worth $0.50 each ? What difference would there be in purchasing power ?
If there is a need for "twice as many coins" then what would be the difference between increasing coin supply by x2 and the value of the BTC from doubling?
Say the protocol was changed, and it was decided that there would be x2 more coins from this friday, do you think x2 the money in the system would flow in, or do you think that the assumed value/purchasing power would be cut in half ?
I can see no good, practical reason to raise the amount of coins, say population of planet earth doubles in next 25 years, and everyone uses BTC, then there would not be a shortage, the purchasing power and value of each satoshi would just be valued as more.
The only reason would be a psychological one.
Why would you ever need more?
March 12, 2015, 11:05:44 AM
is bitcoin ded ?
March 12, 2015, 11:05:22 AM
What is happening
Did i miss some good news?
A few weeks ago it was like 'it will go down to 120!'
Dating Network Badoo Seeking to Expand Bitcoin Payments Globally
finally shroomdude can get a girlfriend, time to rally.
March 12, 2015, 10:59:10 AM
March 12, 2015, 10:58:15 AM
What is happening
Did i miss some good news?
A few weeks ago it was like 'it will go down to 120!'
March 12, 2015, 10:54:15 AM
Thread retarded again, shit's gonna happen..
smelling incoming pump
btw. tbh thinking deeper about it, satoshifanclub is kinda right and i took it a step further:
what would happen if tommorow an asteroid hits the earth and kills nearly everything on earth?
no bitcoins, no millionairs and we wouldnt even need community consensus for that to happen....?
He is right in that it is technically possible, but he underestimates the obstacles to this happening. However, I can imagine a time in the future where the ruling consensus is that Bitcoin needs to start the printing press again because it has grown too big for its 21 million and many decimal points. But by then Bitcoin has taken off big time and we'll all be dead or millionaires/billionaires.
March 12, 2015, 10:51:55 AM
Are you biatchez super excited now that a miner is about to pull the trigger?
Yeah it's very scary to see a miner about to dump their 0.5 BTC they mined the past month with their 2TH mining rig lol.
March 12, 2015, 10:51:13 AM
March 12, 2015, 10:50:43 AM
Are you guys super excited now that a miner is about to pull the trigger?
I'm a miner too. I make 0.014 per day. I'm gonna crash the price.
3-2-1...
March 12, 2015, 10:48:50 AM
Are you biatchez super excited now that a miner is about to pull the trigger?
March 12, 2015, 10:46:35 AM
Thread retarded again, shit's gonna happen..
that's right shiat is about to happen...cuz i am about to pull the trigger biatches.. on this waiting six more weeks on bitcoin is total gay .
March 12, 2015, 10:45:07 AM
March 12, 2015, 10:40:58 AM
breakout imminent
March 12, 2015, 10:38:26 AM
Thread retarded again, shit's gonna happen..
smelling incoming pump
btw. tbh thinking deeper about it, satoshifanclub is kinda right and i took it a step further:
what would happen if tommorow an asteroid hits the earth and kills nearly everything on earth?
no bitcoins, no millionairs and we wouldnt even need community consensus for that to happen....?
March 12, 2015, 10:37:35 AM
Wow straight from the troll talking points rebuttal book "Troll being anyone who has a different view to you?"
Fine, you're not a troll, you're just an asshole.
You obviously know 21 million is as concrete as anything in Bitcoin, the fact that the code can change it with consensus is at most a red herring by you. Otherwise you have already proven you have at best a sketchy understanding of how the Bitcoin community works.
Name calling now eh? You are only becoming angry because you believe in the triumph of unbounded hope over reality.
I'm just your 'memento mori', reminding you that bitcoin may not make you the millionaire you hope to be.
Again, my original point was that the future value of bitcoin is being predicated to a large extent on the 21m cap, a belief based on faith more than reality.
I'm not angry (well not with you at least). I don't need Bitcoin to make me a millionaire, and I sure as hell don't need you to talk me down from some unbounded hope.
Reality is Bitcoin is always going to have a 21m cap. If that changes it won't effect the price negatively, otherwise it won't happen. Future value already accounts for the slim possibility of a cap increase, its priced in, and no one believes it will happen.
Time for lunch, welcome to ignore, sorry if I hurt your feelings calling you a name.
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