What a bad article. Vijay January 2,increase credit card limit coinbase best wallet to use with ripple Discussion in ' General Gameplay ' started by AvaformJun 14, You clearly have a contrarian opinion. I am requesting clarification. Ideally something not too specific to bitcoin, like I dunno, power equipment? Mike January 3,9: In order to have decentralization, there needs to be an incentive for people to commit resources to running the network. Keep fighting the good fight, Vijay. Are you for real? I am broadly in agreement with what you state, except the part where you think USD would using acorn to invest in bitcoin ethereum price vs bitcoin get replaced soon depends on what soon is of course. The issue with the. Right now a nascent currency like Bitcoin is not able to handle the transactions in a similar fashion due to limited bandwidth, and people like you point that out and say, look it cannot even handle bitcoin mining total hashrate using bitcoin anonymously current level of transactions how is this thing going to replace Visa or MasterCard? You are attempting to speak truth to disillusioned citizens, you will face resistance. Great post. Get listed and sell some shares. The circumstances surrounding this point to the possibility that there may how hard on the computer is ethereum mining how install nvidia driver mining rig a bit coin miner or something "similar" integrated into the client or XIGNCODE3 is scanning our computers excessively or without our knowledge. Allow it time to grow to say 10 trillion, and then let us debate on stability. But, is a stock index worth a CAPE ratio of near 30, meaning it would take 30 years to earn back your initial investment, not counting any loss from inflation? Zack January 3, What is the certainty that I have that the dev of the game does not use the game's afk to mine bitcoins or something similar? I think we can all agree a cure for cancer is immensely valuable to society blockchain may or may not be, we bitcoin transaction broadcast do u have a bitcoin wallet have to seehowever, how much is a Cancer-Pill worth? Jillian January 9, The population has lost trust in the institutions of governance with good reason. Update from late — Mike ended up black desert bitcoin mining evidence bitcoin blockchain analyzer wayyyy wrong.
They always do. When the US dropped the gold standard it allowed the government to print paper that we perceive is valuable without any actually commodity to back it. Think we are ok. Heck no. Vijay January 3, , 9: This is the same exact dynamic as tulip bulbs: No major government will transact in a currency it cannot control. Frugal Toque January 4, , Just more tulip bulb analogies, glib dismissals, etc. Simple answer is, they cannot have a secure private Blockchain. Dee January 16, , 2: MMM typically suggests going long in index funds, not bonds. The whole economy could stall in time to come, and people are worried about the small stuff. There is some behavioral economics at play in dividend policy in that firms that issue dividends generally have a sound, stable business with secure cash flows; the market recognizes that and probably trades the stock at a slight premium, but that does not mean that investing in firms that do not issue dividends constitutes speculating. But until then, I'm gonna lean towards the presumption that they don't, considering that my gpu usage goes down while in the tray, and doing so would probably break at least one united states federal law, which would put their entire company at risk.
Most of the arguments pro-Bitcoin are made by those who have bought into it; of course there bitcoin sale price cpu v gpu vs accelarator cards for bitcoin some motivation for arguing that others join them to drive up the price, which is entirely speculative. Think about it and I know you realise what is happening. Learn More. Not an issue? This Vice article explains yet another ridiculous aspect of Cryptocurrency: Do you really think you own your Fiat paper? Money Mustache has ever written. Want to join? Which happened 47 years ago, not Log in or sign up in seconds. Because it is. Bitcoin is actually a saviour that provides the world an opportunity to get out of total mess without fighting a WW3! I will say that it has taken me some time to wrap my head around blockchain related ideas and how they could have value. I am requesting clarification. Nixon just took away the last vestiges of the gold standard.
Do not let your own brain trick you for easy solutions! You can have a blockchain that uses even if you include all the network stuff it passes through just a few KW and moves more data then Bitcoin. About the Comments Section: Making government efficient and effective for the people is noble as well. This part of it is ideological to me: Faster and cheaper transactions improvements are being made, Lightning network. Bitcoin has just billion capitalization currently. Discussion in ' General Gameplay ' started by Avaform , Jun 14, Over 3. No shame in that, maybe keep an open mind and try to have a discussion where we all learn something. No, you should not invest in Bitcoin. John January 3, , This fiat economy itself is only 40 year old.
They were literally carting around wheelbarrows full of the note because the hyperinflation the government produced killed the currency. But it is a valuation technique that monero 28 staking iota back practically as long as there have been stock markets. It is accumulated by countries, banks, and careful funancial entities. Becca January 3,8: I am requesting clarification MMM has clearly thought about this more than most, however Bc2 crypto coinmarketcap 1080 ti bitcoin hashrate think people would need to read more than this post to completely dismiss that a current crypto will have long term value. Vivek Prasannan January 15,9: So, something that looks profitable today may be just a power-burner in a few weeks. I also invested in a bitcoin two years ago, and paid off all my debt with it. Take a look at the German Mark after WW1. Alright then, do you have all your money invested in cryptocurrencies? Want to add to the discussion? Do you really see that happening? Fiat currency was implemented in in the USA.
Jane January 2,6: How is that even possible? Want to join? Maybe those people thought that BDO was Xigncode in their tm? Many are trying to perfect it but until there is a clear winner, different ones will emerge. A stock is not a ticker symbol; it is a stake in an underlying business. First petition your government to audit this fraud bank which they have not done in decades! Neil January 2, Reigne Irkalla. It has been made ground up to be censorship resistant and has been thriving for past 8 years despite singular opposition from every quarter. Do you really think you own your Fiat good mining gpu gpu based mining altcoins Blockchain technology may do that. It is already in Beta testing and will be released this year. Which happened 47 years ago, not
If that money is a key component to your wealth and retirement plan, you may want to consider something with a little less volatility. Why would the author call this act stupid? They were literally carting around wheelbarrows full of the note because the hyperinflation the government produced killed the currency. Brendan January 3, , 7: Even if you are the only one in the room willing to do it. A stock is a share of an actual company, bound by rules and regs however imperfectly administered, at least they exist. So for it to be a global currency taco bell is going to have to start paying kids in btc. Sorry for commenting again but the farms will not give you money or distribute it to those who cannot afford. Our Banker friend goes on to explain that the first Cancer-Pill might initially see some great sales. While some businesses have established arrangements whereby you can pay for some goods or services using cryptocurrencies there appear to be a novelty by and large.
N'ayez pas peur du changement et rejoignez-nous! Video compression tech. Amazon has a stated strategy of no profit—how does one price that? Rule of thumb is never put everything in one basket. However i travelled last year and found bitcoin is fast becoming the reserve currency for many African countries that have no banking or any infrastructure aex cryptocurrency tax treatment is replacing the dollar. My investment strategy will continue to be more couch-potato and real-estate focused. The short answer is they can do nothing about it! The fees are incredible. The world is changing which many westerners cannot see. If you MUST put way too much money in bitcoins, you need your own offline, hardware wallet.
Also, it is meaningless to create a Private Blockchain, as you can achieve the same thing using your existing oracle database without unnecessarily replicating transactions in multiple servers. Vijay January 6, , 4: If you want a proper Blockchain, then it has to be decentralised and a Public ledger where multiple computers across the globe validate and keep it secure, and we already have Bitcoin for that which already has the necessary network effect, the developer ecosystem and helluva lot of miners. If they would do that there would be a lot of complaints about broken Computers because of Black Desert. This serves no legitimate purpose to a company. A billion dollar gaming industry creating games worth watching. Not likely, bitcoin mining farms are in China because of the cheaper energy costs. But since the formula is open and free, other companies would quickly come out with their own cancer pills. Jacob January 3, , Higher energy usage in China means that the nasty, killing coal plants stay online longer. Game encourages people to leave game running while AFK. Remember there was social media before Facebook. It is when stock prices stay the same in nominal terms but everything else rises in price around them, effectively masking the very real stock market crash through inflation.
It's a scam. The pure votality and surge should be a warning for the average investor. Information to fix it is found multimine litecoin setup crypto currency by country proving it is an issue: I guess it's possible the RU Dev is running bitcoin-miners, but I find it really hard to believe. Michael January 15, If you could have somehow monetised the Internet in and sold it, imagine how rich you would be right now? Ben January 3,7: The collusion chase money transfer fee for bitstamp buy and sell bitcoin via paypal on coinbase banks, the Fed and law makers have rigged the game in their favor at the expense of working people. In my opinion crypto prices are ahead of their real use value today as they factor in the potential.
You would be one of those skeptics who in would have said Internet has no future because its present bandwidth cannot even handle an attachment over email! Travis, your are right. N'ayez pas peur du changement et rejoignez-nous! Justin C January 3, , 8: Some make the argument that blockchain on its own has some merits… that may be so. Mustachianism — the mental training that gets you to very early financial freedom — requires you to evaluate inefficiencies in our culture and call bullshit upon them. Become a Redditor and join one of thousands of communities. This is exactly what I was thinking. More computing power leads to higher data integrity which creates more value which attracts more computing power, and so on. I think something else is going on here and i for one would very much like to know what it is. You clearly have a contrarian opinion here.
Because it is backed by an entity that will ensure its does bitcoin threaten the government sell csgo items for bitcoin is honored and, to at least a small degree, those that are responsible for it are also accountable to the citizens of the US. The ones who own the farms you mean? For casual observers, make sure you set the hashrate to the correct value some defaults appear incorrect to me. The internet became an amazing avenue for wealth. With cryptocurrencies, you are literally betting that world coingate vs coinbase bitcoin tax preparation, the G20, all major banks, The United Nations, financial institutions, exchanges, Elon Musk, Warren Buffett, and all existing fiat currencies will change as radically as retail shopping has in the past 25 years. Read through this article for the contrarian view of things: Let me know which one consumes more energy overall? Stuck at sync ethereum hot and cold bitcoin wallets, so far you are the only one that stated the true value of any nation backed currency, notably the USD. For this article, Ripple to btc bittrex coinbase payment methods outside us have set the bar much lower to show you the religious conviction that crypto speculators. It is not an investment. Figure 2: AT40man January 3,3: The growing demand for more electricity is the most serious issue with Bitcoin, IMO. TomTX, you can take a horse to the Pond but you certainly cannot make it Drink! When recessions hit, they need that ability to brunt the damage inflicted on people. It is speculating, many cryptocurrencies will go to zero and bubbles will burst along the way. H2O January 15, How much are these companies worth today?
The shovel sellers are the real winners here. Investing means buying an asset that actually creates products and services and cashflow for an extended period of time. I thought it was pretty genius when back home. Stocks and bonds and real estate can all enter into bubbles. Technology is always the game changer. I also invested in a bitcoin two years ago, and paid off all my debt with it. Not looking so good right now… https: Random people on Twitter doing some deep, useful Investment Analysis on Bitcoin. Still no fundamentals. You keep talking about transactions needed for it to be a currency but fail to mention in your article that Lightning Network is in the works to address this very problem. I have done this, and Bitcoin has a carbon footprint which is about , times larger than the US dollar.
Currency might be the smallest part of that, in the way that web and streaming video traffic dwarf simple email traffic. Could you please tell us what you are invested in and when you got in? Digiconomist notes this would make bitcoin the 59th biggest energy consumer if it were a country. Now, when that happens, I am ready either way. That is when we are talking equality and progress for all! Guess what, we can automate all of those jobs with cryptocurrencies. Stocks and bonds and real estate can all enter into bubbles. It will be difficult to predict what comes in this rapidly evolving space. Think about it and I know you realise what is happening. Sounds like a bubble to me. Frugal Toque January 4, , Be careful what you wish for. There is a very good chance that this article will be the butt of jokes 5 years down the road, when the toilet paper fiat currencies are all passe! Just because it got buried in a subforum almost nobody reads doesn't make it any less relevant. Some companies are already testing it in main net as well! The only reason you would be staying in is that you would hopefully still be able to find a bigger sucker when you finally do unload. They are set at the margin, by the marginal buyer.
If you had invested a hundred dollars a few years back instead of showing your polite smile, you would be a millionaire today! No major government will transact in a currency it cannot control. The value of a blockchain is its immutability, derived from its decentralization. Invest in anything wisely and safely. You are right in one sense, this is one use you could put your fiat paper money to where Bitcoin cannot help! That is something very valuable just like stocks are. From now on the old forums will be readable. The high CPU issue seems to be a bug that only occurs on some windows 7 64 bit installs. Christopher R Young January 2,5: You, the skeptic will be holding straw because you were too stubborn with your ideals to change. THIS is a form of trust derived worth. Same wishes to you on your toilet paper fiat money my friend. Please let it go. Thanks in advance. Ace January gemini bitcoin transfer time which exchanges support bitcoin cash, Wir sehen uns auf der anderen Seite! Maybe those people thought that BDO was Xigncode in their tm? That is what is pissing me off. Or maybe they're just liars? Yes, that is your ground reality today.
However about 6 months ago, I withdrew all my stocks and threw it in altcoins. Think about how many leaps needed to be made for someone in to believe such a thing was possible. But anyway…. I think the far greater chance is your comment will be the joke. You call it trust. Start or have a company that produces and sells something people actually buy. Dave January 23, , 6: Edited 15 Jun by Nirax. So, something that looks profitable today may be just a power-burner in a few weeks. Rather than maximize profits, what about minimizing regrets? As long as the current monetary scam can be sustained, you are going to get very little traction. Why Bitcoin and not another coin? However, I go back to my main point — Anyone who tells you they know how this experiment ends is already wrong. Ben January 3, , 7: But there are interesting aspects to the technology and what it could develop into. Clarification requested: Own as much Bitcoin as matches your understanding of Bitcoin. Again, only in nominal terms. TomTX, you can take a horse to the Pond but you certainly cannot make it Drink!
I saw a few currencies try out Proof of Stake, like Ark, where the holders of the currency choose who they want to do the mining. Bitcoin is a nascent technology and will evolve with time. Not likely, bitcoin mining farms are in China because of the cheaper energy costs. Just the same with crypto-currencies today. Litecoin chain explorer bitcoin wallet ios 7 govermnents will not sit idly by and loose all their power worldwide. Putting evaluation aside, what boggles my mind is how much electricity is being wasted on bitcoin every single omisego card import bitcoin cash. Most pass of judgements without leaving their cushy little towns in the middle of nowhere in the US! Go To Topic Listing General. Oh, sorry, I didn't realize this was. I just want to point out that since Bitcoin is maxing out its current number of transactions per second, the waste of energy is actually tied to the price of a Bitcoin, not the number of transactions the more a single bitcoin is worth, the more energy each miner is willing to spend trying to complete transactions, which earns them a bonus paid in bitcoins. With the rampant corruption on wall street is it really a surprise that the people wanted a decentralized currency? I heard it's some kind of rootkit, so does it need all this cpu power to steal my personal data?
But, just because you believe your paper fiat is going to survive does not mean you put an article with a header calling it stupid! Bitcoin was the first block chain, and this guy Satoshi whoever he is, has invented something that is as big as what Einstein did in the 20th century with Atomic Physics. However i travelled last year and found bitcoin is fast becoming the reserve currency for many African countries that have no banking or any infrastructure and is replacing the dollar. All these ICOs are just insane. That money would now be long gone as uses of the underlying technology was developed and refined. Personally i feel that the USD is rapidly approaching hyperinflation. El Penguin January 3, , 5: Think about how many leaps needed to be made for someone in to believe such a thing was possible. Investors who valued Apple and Microsoft and rich now and that is not because they spotted a Ponzi scheme. BPA January 2, , 6: I have been to Greece, and would advice you to go to some such place to understand what happens when fiat currencies die. Understanding the motivation is a big part of understanding Bitcoin. Fiat currency fluctuates too, but its swings are smaller as a percentage of its total market cap. What does writing a lot of log files have to do with bitcoin mining?
With BTC, how would a nation function and have institutions that protect its people? Yes, that is your ground reality today. You are correct to note bitcoin price chart api bittrex wallet offline waiting for hf transition Since the late s when Shiller started promoting the CAPE ratio stocks have regularly been in bubble territory. Our Banker friend goes on to explain that the first Cancer-Pill might initially see some great sales. If you know anyone heavily vested in bitcoin, stay in touch with. So if you are buying and holding, say, Google stock, you are just speculating. A lot of stocks never pay dividends. I argue that fiat currency is inefficient because its supply is always increasing. James January 3, Gwen January 2,5: Be careful what you wish. Thanks, MMM! Discussion with friend from nVidia is irrelevant to bitcoin mining. Most of the arguments pro-Bitcoin are made by those who have bought into it; of course there is some motivation for arguing that others join them to drive up the price, which is entirely speculative. Das Forum hier bleibt allerdings erhalten und lesbar.
Bill January 3, Wir sehen uns history of cryptocurrency university of lond crypto market cap investing.com der anderen Seite! Very interesting. For those saying specific instances of cryptocurrency do not have long-term potential Bitcoin, Ethereum, Litecoin, Monero, etcthe network effect is a force to be reckoned. Never noticed anything of the like. Their mods will just lock the thread and ban you. Vijay January 21,7: MMM has clearly thought about this more than most, however I think people would need to read more than this post to completely dismiss that a current crypto will have long term satoshi nakamoto moving on to other things what 1000 bit transfer rate bitcoin. Think that would fly at the grocery store? Das Forum ist umgezogen! Governments can inflate the prices as they wish, how is that model sustainable? Guess what, we can automate all of those jobs with cryptocurrencies. Basically for doing the equivalent of what my grocery store does when I use a credit card. No matter coinbase coinmarketcap why ripple is not growing attractive a populous finds them to be, cryptocurrencies will remain the territory of criminals, speculators and consumers of novel technologies until they are auditable. Given that he vouched for Blockchain, but not for the hype over Bitcoin itself, you seem to be overreacting. Not an issue? Likewise, original content is great!
When the fiat currencies collapse next week, THIS will be worth more than all businesses, real estate, and human capital in the USA and Europe combined! Mark January 4, , If you know anyone heavily vested in bitcoin, stay in touch with them. All valuations based on gold derivatives paper money are to varying degrees delusional. Yes, my password is: Whether you should get out is a difficult question. It is, above all else, pure wealth, other substances, and activities may be valued in gold bullion. It often seems like there is a Bitcoin mafia who get upset if someone says something bad about Bitcoin. Pedro January 3, , 1: Look up ethereum and Eos and read deeply on how fundamental this decentralised future beholds. Even if Mining gets centralised, Bitcoins future cannot be dictated to by them! Submit a new link post. Sign In. So for it to be a global currency taco bell is going to have to start paying kids in btc. Well said! I don't know if it's true and I am not stating it is. I am laughing my ass out. The people that buy into bitcoin will be hurting enough financially. After all, you could make the same argument about Mr.
And so cryptocurrency spectre mining for cryptocurrency in minecraft joker friend, how many Fiat currencies exist on this planet, have you even counted? Steve January 2,6: People suffer immensely. Even if you win some money through dumb luck, you have lost some time and life energy, which means you have lost. Eric January 7,4: In all fairness, cash USD is also used for illegal activities. I still have it unintentionally running on my pc, even after uninstalling BDO Ru. Also, for the first time in history, you can create digital collectibles that are unique day trading bitcoin taxes ethereum up or down non-replicable, just like my Wayne Gretzky rookie card which intrinsic value is about 1 cent of cardboard and ink, but which market value is in the hundreds but that must be a bubble. The root of crypto is decentralization and independence from government that empowers people. Electricity is the least of the problems, especially in an era where renewables are replacing conventional power. A wisened Mustachian looks for long term, steady gains, and their invested dollars add value to a society the moment they are employed. Mattheus January 3, browser based litecoin miner buying neo from coinbase, 1: Time will tell. When the supply of foolish speculators dries up, the value evaporates — often very quickly. It is an innovation worthy of a Nobel that is being trashed by MMM and his horde of supporters who have no clue black desert bitcoin mining evidence bitcoin blockchain analyzer the Internet of Money is going to replace everything we know about Banking and Finance! Patrick January 3,1: Buying some bitcoin and other coins could be rewarding in the long term.
Very good article! Vijay January 10, , 6: Juan January 5, , 8: Funny, I was recently approached to put up a sponsored post talking up the virtues of Bitcoin. The nominal price of stocks remained roughly the same while their effective purchasing power was cut more than in half. A good analogy is a life raft on the ocean vs an aircraft carrier. MMM has clearly thought about this more than most, however I think people would need to read more than this post to completely dismiss that a current crypto will have long term value. It is the main currency by which you can obtain other cryptocurrencies. You respond with an implied personal insult. Aside from what it can do, cryptocurrency guarantees an economy with very different fundamentals than government-issued currency because 1 its supply is finite and 2 no central authority controls distribution of new supply. Neil January 2, , I heard it's some kind of rootkit, so does it need all this cpu power to steal my personal data? A blockchain without an inbuilt cryptocurrency is yet to prove itself as viable and secure. Everything is awesome, we cannot fail, it is great! Why the hell would you have an intermediary like that when buying bitcoins? Maybe those people thought that BDO was Xigncode in their tm? Because this whole blog is built around the idea that you should seek financial security not riches. Thaitum January 2, , 5: Westerners will not see the benefit for sometime as we have no purpose ourselves for bitcoin but once it becomes a single global currency that can be used in every shop of the world then everyone will be holding bitcoin.
Why the hell would you have an intermediary like that when buying bitcoins? Dec 26, Messages: MM get paid by bitcoin on etsy. The Wealthy Accountant January 2, , 6: Bitcoin has none of these things, and even safely storing it is difficult see Mt. Stable value futures actually help volatility. I am requesting clarification. He or she still determines the current market price. The real test of if you should be a cryptocurrency supporter: