Bitcoin thread anyone?

[Hoi]

Quote from Pekelo:

And we are in agreement, again! It is also not functioning as a currency, and that was the original intention of the inventors....

No, now we don't agree.
Instead: One of the intentions is to function as a currency. And in order to develop this currency they have outlined a path of 131 years !. We are currently only 5 years old and just starting. When we reach 1% of M2 worlds money supply, Bitcoin will become much more stable and might fulfill a currency-property. It will be a real world currency if we reach 10% of M2.
And if you are curious? Bitcoin's price should be $55.000 for reaching 1% of M2. That will take maybe 10 years (maybe less, if USD collapses).
And yes: this development can fail during this 131 years... but all is still going plan.

 

[Pekelo]

Quote from Hoi:

No, now we don't agree.

Sure we do. We both correctly stated that right now bitcoin doesn't function properly as a currency. And the currency property was the main reason it was invented...

Now I only have plans for the next 50 years (call me rational) so forgive me if I don't give a damn what bitcoin does after 2063....

 

[Hoi]

Quote from Pekelo:

Sure we do. We both correctly stated that right now bitcoin doesn't function properly as a currency. And the currency property was the main reason it was invented...

Now I only have plans for the next 50 years (call me rational) so forgive me if I don't give a damn what bitcoin does after 2063....

For me it's the next 20 years (I'm not that young anymore).

 

[Hoi]

Look what Ed Moy, former director of USA Mint thinks of Bitcoin:
http://www.moneynews.com/Ed-Moy/Bitcoin-digital-currency-sovereign/2013/12/20/id/542981

From 2006-2011, Ed Moy served as the 38th Director of the United States Mint. The U.S. Mint is the largest producer of circulating coins, numismatic coins, medals, and precious metal bullion coins in the world. He was awarded the Alexander Hamilton Medal for distinguished public service by Treasury Secretary Henry M. Paulson Jr. From 2001-2006, he was a Special Assistant to the President at the White House.

 

[Hoi]

This is life changing (also YOURS !):
http://www.youtube.com/watch?v=c2CsJ2HMA2I

 

[Pekelo]

Quote from Hoi:

Look what Ed Moy, former director of USA Mint thinks of Bitcoin

Why is his opinion more valid or important than yours or mine? Me thinks not. After all, what does he know about digital currencies? I thought bitcoin is trying to avoid the physical status...

You could give us a TL;DR version of the video in the next post, because I don't feel like spending 20 minutes listening to what I already know....

 

[stevegee58]

Quote from Pekelo:

...I don't feel like spending 20 minutes listening to what I already know....

You're showing your age Pekelo. You're clearly under 30.

 

[murrica]

Found this article to be interesting:

http://words.steveklabnik.com/how-dogecoin-changed-my-perspective-on-cryptocurrency

 

[Pekelo]

Quote from stevegee58:

You're showing your age Pekelo. You're clearly under 30.

Don't I wish....

But seriously, the guy in the video is promoting BTC, but nothing more. There is no life changing information revealed...

 

[Hoi]

Quote from Pekelo:

Don't I wish....

But seriously, the guy in the video is promoting BTC, but nothing more. There is no life changing information revealed...

As you could not take the time to watch it all:
The Internet changed our lifes..... Crypto-currencies are the Internet-of-money, and will do the same.