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re: An IMHO excellent piece on bitcoin
Posted on 4/3/13 at 4:13 pm to WikiTiger
Posted on 4/3/13 at 4:13 pm to WikiTiger
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 on 4/3/13 at 4:13 pm to foshizzle
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 on 4/3/13 at 4:23 pm to WikiTiger
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 on 4/3/13 at 4:30 pm to Meauxjeaux
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 on 4/3/13 at 4:32 pm to C
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 on 4/3/13 at 6:24 pm to WikiTiger
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?
p.s. did anyone see the guy on reddit that invested 30k a month ago and his investment is now worth +250k?
Posted on 4/3/13 at 8:06 pm to aaronb023
A lot of bubbles go that way...
Posted on 4/3/13 at 10:00 pm to aaronb023
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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