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Bitcoins
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A wonderful insight. Not sure how much of that has anything to do with bitcoin though.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0
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Before this thread I'd never even heard of a bitcon. It's been brilliant being able to watch a bubble from start to finish in the space of a few days.
Being in to gold I had come across bitcon a long time ago.
I listened to the Gatagoons, Zerobrainers and Max Bullshiysters, and having smelt a rat moved along.
But like most others I have been keeping up with current affairs, and am now realising that being too young to remember Tulipmania, South Sea Bubbles, and Mr. Ponzi, will not deny me a tale to tell the grandkids.
And all this in a week when it seemed we would hear nothing else on the news than how sweet Hilda was.
Couldn't make it up, cudja.
..._0 -
What was the point of that though?
EDIT: haha, it's already gone. *whistles*
EDIT2: A post has been deleted which had a link to a copy/paste site where the following was available
and 1000 usernames & email addresses were listed.target: https://mtgox.com
finally MT.GOX is hacked by Anonymous
symbolic donation
LTC: LavkhxSFRcCAedMF2dsVSgUXv7HZbD3Eo9
BTC: 1GBdn61TEnAdz4vbt1iKgF7RN1wifx74nj
send blockchaininfo to: <Removed>
and receive a link to full db
1000 logins example:0 -
The most interesting thing by far from my viewpoint is the venom any discussion seems to extract from its detractors.
Only matched by the naivety of any number of comments which think that something supposedly having a maximum allowed number of units approximately one third the population of the UK, will be suitable for global use on a daily basis to serve a population more than 300 times that maximum size.
But, the marketing story is clever.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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A bitcoin can be divided down into smaller amounts.Ark_Welder wrote: »Only matched by the naivety of any number of comments which think that something supposedly having a maximum allowed number of units approximately one third the population of the UK, will be suitable for global use on a daily basis to serve a population more than 300 times that maximum size.
But, the marketing story is clever.
Just wait until they do fractional reserve banking with the bitcoin. Just like a bank in the UK can just make up money from virtually nothing I'm sure they'll start something like that in the far future.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
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A bitcoin can be divided down into smaller amounts.
So extra zeroes get printed at the beginning of the number instead of at the end. Too many decimal places will be impractical for everyday human use. This would result in the units being inflated up to something useable. Just as Brazil and others used to lob off zeroes from the ends of their currencies when too many became impractical.Just wait until they do fractional reserve banking with the bitcoin. Just like a bank in the UK can just make up money from virtually nothing I'm sure they'll start something like that in the far future.
Applying fractional reserve tends to defeat one of the arguments for Bitcoin. Bitcoin is already made up from nothing: 'mining' is a marketing gimmick for how they are generated.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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Currently a bit coin is worth £42
That is a serious drop....
Think of it another way: think of Bitcoin as your currency of choice.
Using the figures from cepheus' post, buying a cup of coffee at the end of the 6 hours would have been 204% more expensive that buying at the start. That is an annualised rate of inflation of 297,840%.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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and now (time of post). 55.310
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