just been googling to see what you can buy with bitcoins http://bitcoinag.blogspot.ca/p/silver-store.html
That's really cool, thanks for the link. Much more exciting than the drugs, guns and assassinations for sale over TOR.
$20.37 AUD today, it just won't stop. Makes me cry thinking about all the sub $13 BTC's I've spent in the last year.
Wow wow.. i had a feeling halving the rewards would double the price.. just didnt factor it in as a short term horizon play. 1for1
Trouble is with the size of the economy and whats on offer, its hard to buy huge amounts without single handedly driving up the exchange prices!
I wish I'd swapped more silver for Bitcoins now. Silver would have to get far beyond it's all-time high to equal my profits and that's assuming Bitcoin doesn't go up anymore. I'm very confident about Bitcoin. I feel once infrastructure has built up around it, it will be superior to any other currency. And I think the first to market aspect should negate most worries about competition. It's building a name, whereas the other competitors coming in can't seem to get any traction. The only thing that national currencies have the advantage over it, is that they are necessary because of government laws, but I think in a global world where more and more people are buying and selling and working over the internet, it might be unbeatable in the long term. At least as far as I'm currently concerned, I'm in for the long haul. I think it's still a good time to buy in, because the market cap is still relatively small, especially when you consider the global nature, and not many people are in yet, it is still mostly technical types I would say due to it not currently being as easy as the regular currencies. Get in while it's still only on the first floor.
Just watched a doco on nat geo & seen the guy who done the advertising for bitcoin got paid in bitcoins 140K & lost his password & has no way to get it . He said i can see it but i cant get it or spend it & there is no way to get another password or access to it .
:lol: :lol: :lol: NO matter how good this looks to other people Or if banks accept it I WILL NOT touch them
yeah im hearin ya . theyre great until you lose your password or one day they become illegal & ..poof theyre gone
No they didnt lose their bitcoins its still there . They lost access to it . Theres a difference . At least you can get a new password with any other institution with bitcoins you cant . That is a problem for some i would imagine .
Also it takes about 3 days to sync a new wallet now days and each transaction is taking me some time to send, so it has its drawbacks in terms of being instatanious it is not. ALso a threat of erasing your hdd or virus if you have not made an adequate back-up.. I guess like any investment you need to secure it so i guess its no major biggie. 1for1
It's digital cash, not credit, so there is no creditor and debtor like with bank money. It's more like having 140K in actual paper cash and then forgetting where you left it.
I expect there will be more clients in the future which will access the blockchain on a server rather than downloading it every time. There are also websites which hold your wallet on their servers. I expect there will be more of this type of thing as time goes by.
"Lose your password" - hilarious stuff from the ill informed! As far as making them illegal, good luck with that, do you understand P2P at all?
Thats basically what it amounts to as the doco described it . Their words not mine . I am ill informed on it ive never researched it or am going to. When a friend of the owner has lost 140K says it all.if anything happens you have as much hope as him in retreiving it ....none.. I prefer hard assets
As stated above you can store hard copies of keys, or even use wallets stored on servers. That "documentary" is nothing short of a load of mis-information, there is no "owner" of the system, and the creater has never been definintively identified. I'd bet everything I have that guy was not a friend of a non-existant owner. National Geographic documentaries should always be taken very, very lightly.
