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  1. peilthetraveler

    Silicon Valley VC says 1 bitcoin will be worth $100,000

    Because the difficulty changes, giving you less and less bitcoin until the difficulty is so high that your mining computer is obsolete. People used to mine 100s of bitcoins per day with a GPU that only mined at 100-200 kilohash per second. Today that $12k mining rig (that hasnt even shipped...
  2. peilthetraveler

    $50K invested in 2009 = $10B in 2014

    Damn right I wish! :)
  3. peilthetraveler

    Silicon Valley VC says 1 bitcoin will be worth $100,000

    I know, its crazy right? Remember how a few years back when DST invested $200 million in facebook for a 2% stake giving facebook a $10 billion valuation? Rememeber how crazy that seemed at the time? Or a few years later when people were saying facebook was worth $50 billion or more and we...
  4. peilthetraveler

    Sacramento Kings to accept bitcoin

    http://online.wsj.com/news/articles/SB10001424052702304603704579323352532979922?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304603704579323352532979922.html Face it guys...bitcoin is quickly squeezing itself into your lives.
  5. peilthetraveler

    Silicon Valley VC says 1 bitcoin will be worth $100,000

    http://www.wired.co.uk/news/archive/2014-01/16/bitcoin-chris-dixon
  6. peilthetraveler

    Feds getting ready to sell DPR seized coins.

    http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/
  7. peilthetraveler

    $50K invested in 2009 = $10B in 2014

    Here is my wallet address...take a look for yourself. :P 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
  8. peilthetraveler

    Let's face it, the protocol has major flaws

    This is true. Much better alt coins, but bitcoin has the biggest following and will likely always be the "reserve" currency of all the other alt coins. If you really want to see people get excited about an alt coin though, check out dogecoin. Only a month old and already almost 30,000...
  9. peilthetraveler

    Russia plans to ban bitcoin

    Please...when have Russians with money EVER lived by the governments rules?
  10. peilthetraveler

    $50K invested in 2009 = $10B in 2014

    Tulip bulb like events last only over a very short period. Bitcoin has been continuously going up in value for 5 years. In fact the reason the tulips originally went up so much in value was because the dutch created a futures market that year where people only had to put up 2.5% of the price...
  11. peilthetraveler

    $50K invested in 2009 = $10B in 2014

    What is happening is you are witnessing history in the making. One day, all over the world you will see stickers in store windows that say "Visa, Mastercard, Amex, and Bitcoin accepted" Most of the world still doesnt even know what bitcoin is. Bitcoin is going to make alot of people...
  12. peilthetraveler

    Let's face it, the protocol has major flaws

    I think no matter what your medium of exchange, it all has flaws. Fiat can be debased, gold can be injected with tungsten, bitcoin can be hacked...if you are always looking for worst case scenario, you can probably always find one no matter what. Doesnt mean its going to happen. You measure...
  13. peilthetraveler

    Let's face it, the protocol has major flaws

    Anyone who knows what ASICs are and how to produce them will know what bitcoin is and likely own bitcoin themselves. They catch wind of the government even ASKING engineers to produce a mass quantity of mining rigs and bitcoiners will know about it before the government can even open their...
  14. peilthetraveler

    Sentenced to Jail - for paying child support

    Sorry the first link didnt work, try this link and use the court case number 200320180 http://apps.jims.hctx.net/childsupport/
  15. peilthetraveler

    Sentenced to Jail - for paying child support

    So I saw the guy was black, and I said...gotta be more to this story. Here is the court records of his payments. http://apps.jims.hctx.net/childsupport/Inquiry.do;jsessionid=3223FFB6914EB6B121594AD19FC457D8 As you can see, he would go months without making payments. She had to file...
  16. peilthetraveler

    Let's face it, the protocol has major flaws

    ghash said that at 41% they stop accepting new miners into their pools. Other bitcoiners will move to other pools when it gets too high too. Look at them now...they are at 34% and falling. https://blockchain.info/pools?timespan=24hrs
  17. peilthetraveler

    how to buy?

    I always thought it better to just buy them than mine them. The companies that sell the mining equipment will give you some pie in the sky numbers, like that neptune miner that promises 3 Terrahash/s and will get you 2 bitcoins per day mining. In December when they said it, technically it was...
  18. peilthetraveler

    What are the largest drains on the economy/financial system?

    They would still murder each other, they would just do it in Africa. The fact is that blacks will kill more people this year than terrorists have killed soldiers in the last 10 years in iraq/afghanistan. About double actually.
  19. peilthetraveler

    Overstock.com now accepts bitcoin

    http://www.businessinsider.com/overstockcom-is-now-officially-accepting-bitcoin-2014-1 100 people have already spent $10k in bitcoin in the first 2 hours of the announcement.
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