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50 Fascinating Facts About Bitcoin
We have previously illustrated how a Bitcoin transaction works, and the history of the virtual currency, However, we thought that this infographic neatly covered many interesting bitcoin facts in a digestable form. It not only shows the versatility of the bitcoin market, but it also captures the difference of opinion on cryptocurrencies: many embrace the technology, but some institutions show signs of hostility. Chinese banks have banned bitcoin trading and Thailand outlawed it straight up.
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Naa, fuck bitcoin,
1). Hire a boat , a Sat-Nav and some diving gear.
2). Get a map and choose some nearby random lake.
3). Bury your shiny at said location on map using GPS.
That is the Real Future of Money people !!
While you are at it you can open up a nice cold can of 20 year old prepper food. You will find it down in the damp bunker just next to the instruction's on what to do when the government shut down the power grid and the internet - to stop bitcoin. Don't forget to keep the matches and candle dry , otherwise you will have to wait for daylight for a re-cap.
530 cryptocoins and counting: com-http.us
over 120% increase since 4 month ago when the number was 237, by the end of the year over 1,000 in 2 years 5,000.
the problem with the cryptocoins is that they are IDEAs backed only by the will of the people willing to use them. It is true, one can bypass the entire corrupted financial system but, hey as long as you can agree on any other idea about exchange why even bother with this technology, unless there is a way to back them by something physically limited.
May be hydrogen atoms ...
"the problem with the cryptocoins is that they are IDEAs backed only by the will of the people willing to use them."
And what makes them any different from fiat?
There is a reason that bitcoins have real value. Think about it.
The number of crypto currencies that can be created is in the same order of magnitude as the number of novels that can be written. Only a few become best sellers. Liquidty and security are what most people are concerned about when they invest 20x more into Bitcoin than all other cryptocurrencies combined. This is not 100% guaranteed to carry forward into the future, therefore it is probably best you stay right where you are on the sidelines.
truth serum says:
"OK boys & girls......here is the "skinny" on bitcoin:
It has NO INTRINSIC VALUE, therefor it is only as good as the NEXT GREATER FOOL is willing to pay. It should be called a
Kleptocurrency (as in theft). It defys the laws of thermodynamics.....as in something can't come from nothing."
So, what is the difference between a bitcoin & a USD?
Anyone? Bueller? Anyone?...
USD is backed by military force? USD is backed by belief that past 150 years of persistent economic growth will be extrapolated indefinitely into the future? USD is backed by perception that U.S. can not only maintain production of major commodities like crude oil and wheat it can grow daily sustainable numbers?
I think I left one base uncoverd, care to elaborate docster??
And my axe!
Can you believe this shit? I literally have 5 teenage boys in my house right now and everyone of them and their parents knows more about bitcoin then I do.
They are looking over my shoulder when I am posting and telling me I am full of shit about bitcoin cuz their momz bought bitcoinz.