Bitcoins

happenstance

Satoshi wrote: »

The people on the street do not understand fiat but we all use it everyday.

I am buying bitcoin and other better competing currencies like Quark if its a big dip this time. Not because I believe in it, but just because Im greedy and purely speculate for a profit. At least Im honest.

well i'm buying more because i have lost faith in fiat sterling and them printing and probably halving the value of it over the last couple of years.

the people on the street have lots of misguided faith in fiat. most still think it relates to gold.

what price of btc do you define as a major dip?

paddyrg

happenstance wrote: »

the people on the street have lots of misguided faith in fiat. most still think it relates to gold.

Faith, however misguided, is stability.

happenstance

paddyrg wrote: »

Faith, however misguided, is stability.

Agreed, but money is being robbed by the back door in sterling with inflation.

Satoshi

happenstance wrote: »

well i'm buying more because i have lost faith in fiat sterling and them printing and probably halving the value of it over the last couple of years.

the people on the street have lots of misguided faith in fiat. most still think it relates to gold.

what price of btc do you define as a major dip?

I never had faith in fiat or crypto, I think both will have the supplies expanded exponentially and therefore devalued. There is no limit to how many competing crypto currencies will be added to the supply. The newer ones will be better than the last one, bitcoin is looking old now.

I will not buy bitcoin even if it goes very low, but I like the look of some of the newer crypto coins coming out soon. It takes about 3 days to design a crypto coin and release it into the supply, and the newer ones are better than Bitcoin, the transaction times are faster and they have ironed out many of the problems.

Quark is far better than bitcoin and more importantly its still cheap it hasnt gone up yet.

happenstance

Satoshi wrote: »

I never had faith in fiat or crypto, I think both will have the supplies expanded exponentially and therefore devalued. There is no limit to how many competing crypto currencies will be added to the supply. The newer ones will be better than the last one, bitcoin is looking old now.

I will not buy bitcoin even if it goes very low, but I like the look of some of the newer crypto coins coming out soon. It takes about 3 days to design a crypto coin and release it into the supply, and the newer ones are better than Bitcoin, the transaction times are faster and they have ironed out many of the problems.

I agree there is no end to the amount of coins that can be released. But peoples faith in them gives them value. The idea of bitcoin sounds good to me, sure newer coins process faster and can be less resource intensive but will people buy into them?

I've mined 1000 of the newish zeta coins just using my usb ascis, and they have gone up in value over 1000% in a few days. Its all very interesting.

Satoshi

In the great depression Bill still says there were also lots (over 3000) of competing currencies sprang up and that's exactly whats happening today.

http://www.youtube.com/watch?v=nIkpZ73GMG4

He says even if they shut down the internet to kill crypto we could launch our own satellites. Yeah right.

He says it doesnt matter which crypto to buy just get in. Does he not know any teenager with a PC can make a bitcoin competitor in 3 days? Sounds like he is desperately pumping this thing.

happenstance

Satoshi wrote: »

In the great depression Bill still says there were also lots (over 3000) of competing currencies sprang up and that's exactly whats happening today.

http://www.youtube.com/watch?v=nIkpZ73GMG4

He says even if they shut down the internet to kill crypto we could launch our own satellites. Yeah right.

He says it doesnt matter which crypto to buy just get in. Does he not know any teenager with a PC can make a bitcoin competitor in 3 days? Sounds like he is desperately pumping this thing.

Ha well that guy does sound like a ramping fool but I didn't know about china not buying more US bonds, if that is true.

So many things depend on the internet that if it went down long term not sure currency would be at the top of my list, i mean it still exists without the internet.

happenstance

I remember quark from my body building days, awful stuff with all the delicious fat removed.

Satoshi

happenstance wrote: »

Ha well that guy does sound like a ramping fool but I didn't know about china not buying more US bonds, if that is true.

So many things depend on the internet that if it went down long term not sure currency would be at the top of my list, i mean it still exists without the internet.

Chna are turning their back on fiat that is true, but not going all in on crypto, but they are going all in on gold.

dryhat

Just got back home from the Bitcoin Expo in London.

Fantastic event and attended by all the big names (I even managed to get a photo with Stacy Herbert from the keiser report which was the icing on the cake)

Anyway, just to give you guys a heads up - all cryptocurrencies are hot at the moment but THE one everyone is talking about is worldcoin.
check it out and remeber where you heard it first.