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re: An IMHO excellent piece on bitcoin

Posted on 4/3/13 at 4:13 pm to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65457 posts
Posted on 4/3/13 at 4:13 pm to
This is my favorite part of the article he linked:


quote:

After 90 days, if no other claim has been received for the same url, your Instawallet balance under 50 BTC will be refunded. If several claims have been filed for the same url, we will process those claims on a case by case basis, under the presumption that the claim we received first belongs to the legitimate balance holder.
Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
47095 posts
Posted on 4/3/13 at 4:13 pm to
quote:

But (like Russian) my income is about five times higher.


I think that's part of the problem in attempting to judge QOL today vs 1990.

I would hope that ALL of "our" salaries are way higher today than then.

The true comparison is a similar family, similar job today vs a similar family, similar job of 1990.

Are those two families better off or worse in their QOL today as it pertains to what they earn and what those earnings can purchase? (and how they earn it)
Posted by C
Houston
Member since Dec 2007
28262 posts
Posted on 4/3/13 at 4:23 pm to
quote:

I don't know how you learned that from this incident, but ok I guess


you caught me before I edited. It was more about the transition to everyday use.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/3/13 at 4:30 pm to
quote:

The true comparison is a similar family, similar job today vs a similar family, similar job of 1990.


Understood, but my point is that there is no such creature.
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 4/3/13 at 4:32 pm to
quote:

Using bitcoins as a medium for everyday legal exchange will not be a quick transition.


I actually agree with this.

It will mirror other technological changes we have experienced.

Think internet from 1993 to 2003.
Posted by aaronb023
TeamBunt CEO
Member since Feb 2005
11774 posts
Posted on 4/3/13 at 6:24 pm to
I think now is a good time to buy bitcoins if you haven't already, at least for a short term play. almost every news site I've visited today has an article about bitcoins, most about how you shouldn't buy them. I think there is a lot of momentum at least in the short term.

p.s. did anyone see the guy on reddit that invested 30k a month ago and his investment is now worth +250k?

Posted by C
Houston
Member since Dec 2007
28262 posts
Posted on 4/3/13 at 8:06 pm to
A lot of bubbles go that way...
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 4/3/13 at 10:00 pm to
quote:

almost every news site I've visited today has an article about bitcoins, most about how you shouldn't buy them. I think there is a lot of momentum at least in the short term.


Maybe, but do you really want to be the guy who bought after everybody started talking about them?
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