IoT is one of the best examples yet of a technology crying out for blockchain characteristics to fix its problems: Look does gatehub ripple exchange not increase with real ripple price charts how to get usd to bittrex all the nations that proposed a EUR based oil exchange, all overthrown no, not saying those were shining examples of humanity but the prioritization is simply correlated. Do you need some inspiration? Or about 6, transactions for a dollar. This way we can eliminate fake buy walls and whale manipulation and see the real interest of the market in a certain coin. The internet has provided many, many, many great investing opportunities since — most of which would have been better than a BBS in Crypto is here to stay albeit probably not at insane prices. This is exactly what I was thinking. Your risk is your own, but understand that bitcoin is gambling. This article is pretty below par in its research and very one sided. The need for a cryptocurrency is very real. Biglaw Investor January 3,8: I doubt you really believe this is going to overthrow all of our current financial. Share Tweet Send Share. Great article! Let them hold on to their fiat currency if they like to.
But anyway…. Bitcoin and altcoins consume a ridiculous amount of energy. I have been to Greece, and would advice you to go to some such place to understand what happens when fiat currencies die. Saving billions from poverty, war, and the enslavement of banks or the lack of any banking is Altruistic. Large hydroelectric dams are literally known in the power world for how amazingly good they are at storage. Sounds easy, right? Now I will sit back and wait for gatehub wiki usdt bitfinex friendly comments from people on both sides of the fence congratulating me on my unbiased portrayal of the facts. Bitcoin has just billion capitalization currently. There is a mad rush in places like Korea to move all money to Bitcoins, and their government does not even know what to do about it.
We end up in Utopia? Last week people were writing obituaries as they do every year in January! Higher energy usage in China means that the nasty, killing coal plants stay online longer. Max Your Freedom January 2, , 6: For the most part, far from perfect, I am very thankful that it works. On top of that, wages are not keeping up with the rising costs of living…. But not all is bed of roses with IOTA. Nope January 23, , 9: This fundamentally rewrites how capital is raised and distributed and we are convinced this is only the beginning. On the scale from 0 to 20 — trend is absent or weak. Even if you win some money through dumb luck, you have lost some time and life energy, which means you have lost. Aside from the obvious fit with our convergence thesis IOTA ticked a number of other boxes for the type of strategic investment we would make in tokens. Net fundamental value will raise only in the case of new money flow into by institutional investors or project start generate revenues in parallel with adoption of the tokens. Frugal Toque January 5, , 7:
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 the current level of transactions how is this thing going to replace Visa or MasterCard? It often seems like there is a Bitcoin mafia who get upset if someone says something bad about Bitcoin. The Wealthy Accountant January 2, , 6: Cryptos are reaching new heights! Dave Carlson founded the MegaBigPower mining company right from his house basement. This price action forms a cone that slopes down as the reaction highs and reaction lows converge and is further confirmed with IOTA being oversold on the weekly CCI. Iota was made to be used with existing hardware, But all existing Hardware now is completely binary. I have used an ETH mining machine to replace the space heater in my office and have seen only marginal energy increases. He forgot to mention adverbs but he had a lot on his mind at the time. Vijay — What ICO do you own? Take the decentralization, the trustlessness, the miners or the currency out and you throw the immutability out. One way or another, at some point, the cycle will end, and the cycle will start again. Do something useful with your money. Do you also believe that you have a prayer of creating an internationally recognized currency that simply skips out on national and international financial accounting laws? The rest are lucky to break even, and most end up spending more in equipment and electricity costs than they ever actually earn. Bitcoin is the viral buzzword that has the momentum.
That is the right way to think about these things. You are attempting to speak truth to disillusioned citizens, you will face resistance. What is the US Dollar pegged to? Bitcoin and Ethereum have a 0. Yes, you can buy index funds with fiat money and not with Bitcoin. Token success is completely dependent on tokenomics. All that the US has done sinceis hit the ball further and further down the road while at the same time blowing it more and more with air read Quantitative Easing. It is developed by a intelligent small team named the IOTA foundation and has recently been backed by multiple conglomerates including Microsoft. People only invested in it installing hash for bitcoin mining is blockchain mining profitable in puerto rico it 1080ti ether hashrate bitcoin transaction time problem an internet company and investing in internet companies can make you rich overnight. An emerging application that will be huge is true ownership and verifiable authenticity of digital goods. The vast majority of trading that occurs in the crypto markets are between BTC and altcoin trading pairs. Fiat currency was implemented in in the USA. Jinia Shawdagor Dec 04, Funny, I was recently approached to put up a sponsored post talking up the virtues of Bitcoin. Its trust is the full force of the weapons and arsenal behind it. Below is our long-term forecast where we cover general market movements and sentiment shifts before delving deeper into the specific predictions for IOTA. Bitcoin is enjoying a free ride, as of now, but with regulators getting closer to regulating this freshly minted industry, it is not certain what the future holds. Amazon has a stated strategy of no profit—how does one price that? No doubt it will crash but I think it completely free cloud mining easy hash mining ip banned has room to go.
Much like panning for gold in the Yukon River was a waste of time for more thanprospectors looking to find their fortunes during the Klondike Gold Rush of the s, best ios bitcoin wallet app no transaction fee bitcoin wallet too is mining for the popular cryptocurrency. The real winners of the gold rush were the ones who sold shovels. The company was very successful. Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies and traditionally has a skeptical outlook for most coins. Sure, China is a renewables leader — but it has limits. The books went out and Click, my new Bitcoin wallet had a hundred bucks worth of Satoshis init. Almost all the corporate partners we speak to in Industry 4. TomTX, nothing was answered. It pays you to do scientific calculation work that many volunteers already do for nothing on the BOINC network. Becca January 3,8:
Myriam January 22, , 7: When you say bitcoin is bad, I am asking how Fiat is any better at it? Be careful what you wish for. There are no financial instruments that will protect you from a world where we no longer trust each other. FirstPrincipleThinking January 14, , 1: Why the hell would you have an intermediary like that when buying bitcoins? What a bad article. Your Mom and Pop will surely use fiat paper, but probably not you in your later life, and certainly not your kids. Vijay, Slaves to banks and few elites? Now, when that happens, I am ready either way. The vast majority of trading that occurs in the crypto markets are between BTC and altcoin trading pairs. Bitcoin has none of these things, and even safely storing it is difficult see Mt. If the debt catches up with Tesla, or Musk has a Twitter meltdown and loses his shine, then it might all come crashing down, wiping out a lot of wealth in the process. Tim, do you think Bitcoin cares what the Government thinks or wants? Well said! The IOTA folk say that proof of work typically takes 30 seconds on a decent computer. No shame in that, maybe keep an open mind and try to have a discussion where we all learn something. This is not going to happen. Justin C January 2, , 6:
I got a third of the way through these emails before I realised that I was forming opinions based on things other than facts. I read somewhere about the power drain, and the ridiculous projections of power needs to get another X coins, and how it is going to black out the grid of the country. Tangle removes the tension and cost of miners that plague Bitcoin and, as it looks to scale, Ethereum. If that money is a key component to your wealth and retirement plan, you may want to consider something with a little less volatility. Have you how to send bitcoin cash to bittrex from trezor api secret key bittrex wealthy from investing in cryptocurrency? Patrick January 3,1: It also contains an answer to a difficult-to-solve mathematical puzzle — the answer to which is unique to each block. When you have a more efficient and fluid system that has zero manipulation from individuals, who will go back to a corrupt and manipulative system as it exists today? Another intelligent case by highly experienced what can we expect from bitcoin forks how to trade bitcoin on mt4 business lawyer Preston Byrne. In he founded Avalon, the first Bitcoin mining company. 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. Max Your Freedom January 2,6: When I picture MIT I picture Dead Poets Society, a fussy old professor with a daunting intellect and ethics a solid as the stones within which he teaches. Dan C January 14,4: Educate yourself on why Bitcoin and Blockchain cannot be split up. Bitcoin is only valuable if it truly becomes a critical world currency.
The government has done some sickening things to ensure the wealthy and powerful stay wealthy and powerful. I think we can all agree a cure for cancer is immensely valuable to society blockchain may or may not be, we still have to see , however, how much is a Cancer-Pill worth? Mattheus January 3, , 1: A lot of jobs today exists only to oversee things. Despite the. Rolf Werner as members of their supervisory board. Update from late — Mike ended up being wayyyy wrong. And nothing that can go on forever, does. Cryptos are reaching new heights! Compared to bitcoin it uses only a fraction of energy. Money Mustache January 3, , 9: That seemed like a bit of a worry to me. We have invested more heavily than most in building a specialist Web 3. Looks like I made a big mistake then. All that the US has done since , is hit the ball further and further down the road while at the same time blowing it more and more with air read Quantitative Easing. Torsten Hartmann has been an editor in the CaptainAltcoin team since August It is cool. One way or another, at some point, the cycle will end, and the cycle will start again.
Or did I misread that somewhere? Lottery tickets might be a good investment for you. Reply Roman April 23, at I agree with Pete. Vijay January 7,7: Update, 15 months later: No, Billionaire giving away bitcoin how to install cpp-ethereum windows am more inclined to trust economic models where the rules are clearly defined and cannot be changed, by anyone. Dave January 3, Pure Air and a bunch of IOUs that it will eventually default on. Brent Weaver January 11, However, unlike many other vaporware projects, IOTA team kept working on their network and the project seems to have a solid future, despite being disputed by most of the bitcoin maximalists. Every currency has something behind it. If signing a transaction takes 30 newegg bitcoin 2019 bitcoin protocol specification on a decent CPU, it could take maybe 10 times that on a low-power IOT device, right? We are already witnessing the first phases of that slide and even though most of the bag holders react emotionally to articles that criticize their coins, I am just observing the developments on the market. MM get paid by bitcoin on etsy. Again, only in nominal terms. Money Mustache. Problem I have with this article is the blatant statement that Bitcoin is Stupid!
However, there are also fundamental reasons for the individual token rise and fall in price, which can be pinned down to a big tech upgrade or more often, big partnership. I think the far greater chance is your comment will be the joke. Environmental issues aside, mining with hardware you already own for other purposes is about as close to getting something for nothing as there has ever been in the world, it lets you make money with something that is only otherwise useful as a way to play PC games. We already have 10 examples of this taking effect over the coming months. As a real world comparison, I quote this nifty piece from a reader named The Unassuming Banker:. The thing these pro-crypto guys never properly address is that even if we accept that cryptocurrencies may someday be useful, what is the fundamental reason that existing currencies have been driven up so high? I also like the first third of this sassy quote from MIT on page But consider some things that will live up the hype.. That is something very valuable just like stocks are. What is good, though, is the volume overstatement is relatively low, there is 1. May 19, Regular money has nothing behind it either. Nobody needs to worry about whether terms will be met. There was virtually no cost in sending them out to him in exchange for what I regarded as a lottery ticket. Iota was made to be used with existing hardware, But all existing Hardware now is completely binary. But what the hell do I know. When a network effect is present, the value of a product or service increases according to the number of others using it. If you can objectively notice that your favorite token project has some of these traits happening for it, be happy — you might have found a winner. You need some sort of fundamentals, and in bitcoin there are none. I agree with you.
In short this is nothing more than trust. That is the main question of intraday trading. With BTC, how would a nation function and have institutions that protect its people? Technology is always the game changer. A blockchain without an inbuilt cryptocurrency is yet to prove itself as viable and secure. You made an unsupported claim. Even from a philosophical standpoint I believe decentralisation is the way forward for Humanity. 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. I was thinking that the primary beneficiaries of the current bubble are likely the drug dealers, money launderers, and other criminals that hold bitcoin for actual business transactions. Mining is only one arm of this whole thing and CANNOT hijack Bitcoins, and that is also why the Bitcoin community refuses to increase block size randomly like Bitcoin Cash, to give the miners any more importance than they deserve. This does not help educate those of us on the fence about these technologies; it only gives the impression that you are bullying. Values above 0 shows the degree to which altcoin is moving in the same direction as BTC prices either up or down in tandem , and values below 0 shows the degree to which altcoin moves in the opposite direction of BTC prices so when BTC goes down, altcoin goes up, or vice versa. From , it is considered a strong trend. Did I get rich? As I was researching the technical aspects of IOTA, and getting pretty excited in the process, I thought it might be sensible to go searching for the opposite of the opinions I was forming. And now in , we sit and discuss how much better a world we have after the whole event. Discussion with friend from nVidia is irrelevant to bitcoin mining. Look up ethereum and Eos and read deeply on how fundamental this decentralised future beholds. Figure 2: I for one am lucky enough to participate in the birthing of an alternative financial paradigm so that people have choices.
Stefan January 15,5: The problem with most folks here is, if you really want to know Bitcoin you have to Know Computing to really appreciate what this is all bittrex login coinbase coinbase total confirmation. Which is just about long enough to miss all the early value in The Web 3. However, unlike many other vaporware projects, IOTA team kept working on their network and the project seems to have a xfx radeon hd 7950 hashrate xmr mining cpu intek future, despite being disputed by most of the bitcoin maximalists. Basically for doing the equivalent of what my grocery store does when I use a credit card. Well, shit. Even things that can be good investments can be in a bubble. Stop Ironing Shirts January 2,5: Some of my conversations with him inspired the research in this article. That is what has happened twice this century already, and could very well happen .
Liquidity is very low, which tends to drive prices up or down quickly, and lead to very high market capitalization despite relatively little money being injected. Having said that, they have now launched several successful ventures. Millions of people streaming interactive video games. I do believe hyperbitcoinization will happen in a decade or two. Get updates Get updates. Educate yourself on Lightning Network or layer 2 protocols of Bitcoin. Dee January 16, , 2: Large hydroelectric dams are literally known in the power world for how amazingly good they are at storage. A boy named Sue January 3, , 4: Favorite quote:. Vijay January 3, , 9: It really starts to stink if it is left unattended to. They could also plateau until earnings catchup with prices. Biglaw Investor January 3, , 8: However, considering this is the weekly chart, there is still some time to wait before this plays out. Or sell half of GBTC. Why IOTA? Vijay January 6, , 6:
Justin C January 3,8: For updates and exclusive offers enter your email. Pedro January 3,1: I think we can all agree a cure for cancer is immensely valuable to society blockchain may or may not be, we still have to seehowever, how much is a Cancer-Pill worth? On top of that, wages are not keeping up with the rising costs of living…. KEV January 15,4: People only invested in it because it was an internet company and investing in internet companies can make you rich overnight. Miners validate bitcoin transactions and receive or create newly minted bitcoin in the process. Roger was already a millionaire when he got involved with Bitcoin. Invest in anything wisely and safely. Lastly if you still are convinced that your fingernails and bitcoins are synonymous then you may want to contact the Chicago mercantile exchange CME or the CBOE as they both recently added bitcoin futures contracts for investors. A lot of stocks never pay dividends. It also contains an answer to a difficult-to-solve mathematical puzzle — the answer to bitpay technical support coinbase ranks is unique to each block.
Closer to 85 years than Problem I have with this article is the blatant statement that Bitcoin is Stupid! Aside from the obvious fit with our convergence thesis IOTA ticked a number of other boxes for the type of strategic investment we would make in tokens. Favorite quote:. At the same time we have shown real leadership and literally called bullshit where we saw it where we think many have not been prepared to admit their early mistakes. I read through your article bordering on rant at many places and would suggest you to go through the following Mr. We are already witnessing the first phases of that slide and even though most of the bag holders react emotionally to articles that criticize their coins, I am just observing the developments on the market. Adaptation as currency this is happening, craigslist accepts Bitcoin, many local shops started accepting, you can even have Mrs. Some of my conversations with him inspired the research in this article.
MMM, Internet has pretty much destroyed every industry it has pitted. And nothing that can go on forever, does. Why is the author so angry about this fact? Facebook is probably the 4th or 5th legitimate social media platform. A tangle is a different type of Distributed Ledger Technology. Keep fighting the good fight, Vijay. The Wealthy Accountant January 2,6: Share Tweet Send Share. And then follow that thread all the way back to the fact that the future blockchain s all of these future uses are built on are going to be continuations of the most valuable blockchains of today — because valuable blockchains are a prerequisite for the data integrity required for high value use cases. Amazing that simple cryptocurrency container credit suisse bitcoin and subtraction can escape these great financial minds, so perceptive of macroeconomics. Bingo, so cryptonight profitability cryptonote cloud mining you are the only one that stated the true value of any nation backed currency, notably the USD. Learn. Today, 20 years down the coinbase chat support bitcoin transaction block explorer you are watching 4K videos on it! Figure 2: The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. Very interesting. This is understandable. Written by Quora. JeffD January 3,4: You keep spouting off nonsense. Random people on Twitter doing some deep, useful Investment Analysis on Bitcoin.
Vijay January 3,9: With less noise, will act as coinbase health does coinbase pays tax Darwinian selection mechanism, much like that of which the IT companies post-dotCom Bubble experienced. Get updates Get updates. Tim Beck January 3,1: Scott Nicholson January 4,7: As long as the current monetary scam can be sustained, you are going to get very little traction. Making government efficient and effective for the people is noble as. The web. And of course, the purpose of this whole aside is that I want to establish credibility with you, so you will give this article some consideration. Assuming this is less of a minefield, I hope to get a better understanding of blockchain mechanics and actually read a white paper which I feel guilty for not having done. Or about 6, transactions for a dollar. That is the main question of intraday trading. Mark states he has done this study with no bitcoin easyminer download ripple altcoin news to any data as to how he arrived at such a conclusion. Favorite quote:. Zack January 3,
Tom expressed an argument that separating the technology from this particular implementation is important, and offered his opinion that the future blockchain implementations might be none of the current ones on the market. The dams generate electricity whether you need it or not. You have unwittingly tripped up your own argument here. You are a noble man! Iota was made to be used with existing hardware, But all existing Hardware now is completely binary. Net fundamental value will raise only in the case of new money flow into by institutional investors or project start generate revenues in parallel with adoption of the tokens. Andreas January 22, , 3: Why does bitcoin have to be the winner? Mining is only one arm of this whole thing and CANNOT hijack Bitcoins, and that is also why the Bitcoin community refuses to increase block size randomly like Bitcoin Cash, to give the miners any more importance than they deserve.
It is too corrupt and manipulative a system, which will find no takers once people are exposed to the Bitcoin world, where there is no ambiguity in money supply with no bubbles and subsequent blowing up of the currency and economy. People are likely to disagree on whether this is a good thing depending on their worldview. Daisy February 15, The shovel sellers are the real winners. When you have a more efficient and fluid system that why coinbase is charging more value coinrail stellar coinmarketcap zero manipulation from individuals, who will go back to a corrupt and manipulative system as it exists today? The average directional index ADX is used to determine when the price is trending strongly. While the mass death of barely-alive-in-the-first-place projects causes some uncertainty and skepticism among the newcomers, it is something veterans and pioneers of this space have been longing. The correlation coefficient of their prices is 0. And oh my, a completely different world opened up. BryanG Who is buying ethereum by geography how do i give ethereum as a gift 3, You are a dumb man TomTX! Save Saved Removed 4. Justin C January 4,8: Today we make the first step on that journey. Never miss a story from Hacker Noonwhen you sign up for Medium.
CLIRI is a test therefore it is not ready to be tested in the main network. Why is the author so angry about this fact? With the rise of tokens this now requires anyone who hopes to succeed in picking winners an evolving understanding of crypto-economics and the complex regulatory environment as well as the contact book to make it happen. Bill January 3, , 3: Satoshi January 4, , 7: We are in the beginning of the S curve and it will stabilize just like all other disruptive technology does. Any efficiency brought to commerce through blockchain technology are very likely to show up as increased dividends from index funds. Bro, we get it…you want to wipe your butt with germ-infested cash. Electricity is the least of the problems, especially in an era where renewables are replacing conventional power everywhere. At Outlier we have been very selective about where we have put our money over the last 4 years of investing in blockchain. Charlie Shrem has a very interesting and controversial story of becoming a millionaire with Bitcoin. Heck no. Given this relationship, Bitcoin price movements or lack thereof tend to effect altcoin prices. Higher energy usage in China means that the nasty, killing coal plants stay online longer.
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. Soon Guo left Avalon, and many companies started to build and sell mining rigs, but effectively he was the first one to do it and was the first one to become a millionaire by building these miners. I have been to Greece, and would advice you to go to some such place to understand what happens when fiat currencies die. When recessions hit, they need that ability to brunt the damage inflicted on people. Be careful what you wish for. Keep fighting the good fight, Vijay. Some altcoins will continue to have some speculative value for the foreseeable future. Justin C January 3, , 8: Satoshi January 3, , 9: You respond with an implied personal insult. I agree with Tawcan. Well said! A similar dynamic is at play with stocks: 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. A decentralised system where no human has the power to manipulate money supply is the best thing that any society can expect, to get its finances and economy in order. No, I am more inclined to trust economic models where the rules are clearly defined and cannot be changed, by anyone, ever. I was on team MIT when they said: Bitcoin and altcoins consume a ridiculous amount of energy. The internet.
Money Mustache January 2,6: Our Banker friend goes on to explain that the first Cancer-Pill might initially see some great sales. Patrick January 3,1: Simple answer is, they cannot have a secure private Blockchain. The rest are lucky to break even, and most end up spending more in equipment and electricity costs than they ever actually earn. Andrew Kravitz January 3,8: Zack January 3, Do tulip bulbs litecoin price alerts coinbase locked me out fucked me a value? I totally agree with you on bitcoin. Tawcan January 2,5: Does this rule out battery powered, lower-power devices? You call it trust. Do you think Bitcoin a worthy investment now that mainstream financial exchanges are considering it as a tradable asset or a risky one considering regulators are likely to move in soon? Also make a calculation of how much electricity, whats the issue with coinbase pdf white paper bitcoin and other expenses the Fiat Currencies printed on toilet paper consume as well! If Blockchain is so great, why have individual Banks not been able to release their own Blockchain currencies in so many years? A billion dollar gaming industry creating games worth watching. Scott, I think you may have that backwards: Why should humanity be slaves to Banks and a few elites who control money supply? John January 3, Let them hold on to their fiat currency if they like to. Vijay January 3, Update from late — Mike ended up being wayyyy wrong.
Reply Torsten Hartmann April 23, at Assuming this is less of a minefield, I hope to get a better understanding of blockchain mechanics and actually read a white paper which I feel guilty for not having done yet. I have been hearing Bitcoin is a scam and a bubble since the time it was bucks! I try to lead people to conclude what I have. Becca January 3, , 8: Use it or lose it. I read through your article bordering on rant at many places and would suggest you to go through the following Mr. Without that money is worthless as a store of value, which also makes it worthless as a long term stable median of exchange. JeffD January 3, , 4: On top of that, wages are not keeping up with the rising costs of living…. Also, USD is not the only fiat in this world, although many Americans cannot see anything beyond that in their puny little shells that they develop and stay in such as yourself! Leave a reply: You are a fine example of that specimen horse. While the mass death of barely-alive-in-the-first-place projects causes some uncertainty and skepticism among the newcomers, it is something veterans and pioneers of this space have been longing for. How could I refuse an offer from someone who took my advice? Cameron January 17, , 5: Max Thunder January 2, , 6: Regardless, why do I think this is a bad thing?
By exchanging dollars or euros for a fee? Inthey invested a huge amount in BitInstant Bitcoin. Let me know which one consumes more energy overall? Can Bitcoin make me rich? Jinia Shawdagor Dec 04, Lottery tickets might be a good investment for you. Because it is. When recessions hit, they need that ability to brunt the damage inflicted on people. As defined by infloat. So with that, I sat down in front of Google and searched for coinbase ethereum wallet empty xcoins buy bitcoin like: One of the 3 points MMM stated it needs. From arranging hits to buying drugs to political corruption. They state on their site:
Still no fundamentals. Vijay January 5, , 2: Then check out these people below. Each machine is a node and for every transaction it wants the network to process it must process two in return via proof-to-work. Money Mustache are the ones that are collectively insane as you watch a technology that has the potential to benefit humanity possibly more than anything in history Pass you by as you are too blind in your indoctrinated social normative lenses to ever see the big picture. Transactions takes as long as for banks and soon banks will do trasnfers in seconds too, the real life tests have already started and cost MORE. One way or another, at some point, the cycle will end, and the cycle will start again. From arranging hits to buying drugs to political corruption. Satoshi January 4, , 6: 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. You guys are sitting in fools paradise if you think anyone would want US dollars in the years to come. MMMers have unplugged from debt, but putting all faith in the designers of The Matrix seems ironic. Vijay January 3, , 6: Or streaming music, and streaming movies!
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