Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)

heisenburrr

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If Bitcoin takes off it shows you how stupid some people are. No one even knows who the creator(s) are but hats off to the people making money from the Bitcoin Cult members :yeshrug:

You are remarkably stupid in your own right.

Do you care who created tcp/ip, the browser, html ? Yet you're using the internet.

It is quite apparent your understanding of what Bitcoin is or is about is inexistant or limited at best

I'm afraid your posts show you will also never quite be bright enough to "get it". No matter how many times it is explained to you.
 

heisenburrr

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You've been wrong a lot

:yeshrug:

The only thing I might've been wrong about in this thread is price speculation.

Everything else suggests I'm right about Bitcoin's eventual success and future role in the next global, internet financial system.

To pretend otherwise at this point is just willful ignorance and/or trolling. You people will be the luddites of our generation, comparable to the early idiots claiming the internet would never be more important than the fax machine.

There's a whole panel dedicated to it at Davos right now and you coli experts are still suggesting its a ponzi for christ sakes.. When does pointing fingers ignorantly stops being funny ?
 

TRFG

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You are remarkably stupid in your own right.

Do you care who created tcp/ip, the browser, html ? Yet you're using the internet.

It is quite apparent your understanding of what Bitcoin is or is about is inexistant or limited at best

I'm afraid your posts show you will also never quite be bright enough to "get it". No matter how many times it is explained to you.

The creator(s) can cash out his outrageous amount of Bitcoins (7.5%) and crash the price immediately making them worth nothing, but I am the stupid one? :mjpls:

Look what happen to the price when MyEtherum cash outed only 1 Million dollars worth of Bitcoins last year the price fell from $500 to the low $400. Imagine Satoshi one day exchanges just 1/3 of his Bitcoin savings :mjlol:

You're an emotional investor... to attached to see Bitcoins are just Crapcoins
 

heisenburrr

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The creator(s) can cash out his outrageous amount of Bitcoins (7.5%) and crash the price immediately making them worth nothing, but I am the stupid one? :mjpls:

Look what happen to the price when MyEtherum cash outed only 1 Million dollars worth of Bitcoins last year the price fell from $500 to the low $400. Imagine Satoshi one day exchanges just 1/3 of his Bitcoin savings :mjlol:

You're an emotional investor... to attached to see Bitcoins are just Crapcoins

Why did he not do it yet? When his stash was worth 1B$?

Yes, you are the stupid one.
 

Domingo Halliburton

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$386M allegedly missing, as investors fear bitcoin Ponzi
Everett Rosenfeld | @Ev_Rosenfeld

Hong Kong-based bitcoin exchange MyCoin has allegedly shut its doors and stolen HKD 3 billion ($386.9 million) in the process.

The South China Morning Post reported Monday that 30 MyCoin clients approached a local lawmaker with complaints that the company had fled with funds from up to 3,000 investors.

The reports coming out of Hong Kong would seem to indicate that there may have been a Ponzi scheme at play.

"No one seems to know who is behind this," a woman surnamed Lau, who said she lost HKD 1.3 million, told the paper. "Everyone says they, too, are victims … but we were told by those at higher tiers [of the scheme] that we can get our money back if we find more new clients."
 

TRFG

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BitReserve CEO:In Five Years, “Bitcoin” Won’t Exist…And That’s Okay
Perspectives on bitcoin are polarized — some people think it’s the future while others are calling it “the worst investment in 2014”. With its unpredictable nature, others are wondering if and when bitcoin will ever become mainstream and widely accepted by both consumers and businesses. While these concerns are perfectly acceptable and expected, people, in all fairness, are quite possibly missing the brilliant point that is bitcoin. The truth of the matter is that the value of bitcoin isn’t necessarily bitcoin, it’s what it represents — a means to an end, helping to push this pivotal movement for how we exchange money and goods forward — into a world of currency that is digital, convenient, accessible, transparent, free…the list goes on.

Bitcoin: A Catalyst

Similar to how the internet changed how we share information and the cloud revolutionized how we transfer and store information, bitcoin is poised to disrupt how we use currency and exchange goods. Bitcoin offers the same promise of openness, unrestricted innovation, lack of predatory control, and reduction of arbitrary borders as the internet did. Unique to cryptocurrency though, it also offers a possible reprieve from the insanely chaotic and risky money systems we have all grown so wary of today.

Cryptocurrency Creating an Egalitarian World

While payment innovations like Apple Pay are a step forward for consumers, it’s important to find new technologies that will disrupt the banking and credit card systems so we can have easier and more egalitarian payments systems. Bitcoin is a catalyst for a huge change in our society that reaches beyond the boundaries of the early (and, for the most part, wealthy) adopters.

That said, bitcoin has achieved something people never thought possible — it’s created legitimate competition with the status quo of financial institutions and services. It’s forcing consumer focused innovation in an industry that has seen very little innovation or change over the past decades, especially compared to other industries that have been forced to adapt to new internet born competitors.

With bitcoin leading the way, digital currency can change the financial industry for the better. Some of those changes are eliminating aggravating nuisances most of us experience in banking — like overdraft charges, wire transfer charges and ATM fees. Other changes have the potential to solve major, global issues — like allowing the world’s “unbanked” to preserve and use their income digitally.

What does this all mean?

Bitcoin represents something much larger than bitcoin. It’s about creating a financial system that is cheaper, faster, more convenient, and more accountable, where innovation is the norm, not the exception.

In fact, I believe the term “bitcoin” won’t even exist in five years. And that’s okay! Netscape, one of the first internet browsers, isn’t around anymore, let alone known by most internet users. But it kickstarted an entire movement and shift in how our society worked. Bitcoin is poised to be the Netscape of the digital currency movement. It’s not a future currency but a system for better money transmission.

The potential bitcoin and digital currency offer is huge — for businesses, for consumers, for creating a more accessible and equal world where anyone can manage their money and be in full control of how it is spent.

https://bitreserve.org/en/blog/posts/bitreserve/in-five-years-bitcoin-won-t-exist-and-that-s-okay
 

Bernie Madoff

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heisenburrr

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:mjlol:
Dude says he is the "most bullish" person on Bitcoin he knows, and then still says that 2 decades is a realistic timeframe before it becomes relevant

No, he suggests 2 decades before it takes everything over much like the internet has. When 5 billion people are banking on Bitcoin.

Considering he predicted Bitcoin would be worth 500,000$ to 1M$ in 10 years I'd say he qualifies as pretty bullish

http://blogs.wsj.com/digits/2014/04/02/bitcoin-price-to-1-million/

Bitcoin is already relevant by the way. Just ask anyone with a hint of foresight in any techno/finance circles.
 
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