Its 2 AM. I got my popcorn with me, but I must say, I am experiencing a certain level of fear.
Sadly, I can't buy moar, my fiat is running out.
South African time zone?
It's simple. Buy Bitcoin now with fiat, buy alts with that BTC and get 1000% fiat profits in few weeks/months
Er.. What alts? Only like 100 to choose from now days...
I would trust innovative alts like Quark and Hirocoin. These are the ones i know of, there may/must be others as well.
Please stop quoting the screenshot of bitstamp's tweet.
Now Bitcoin isn't trustless anymore. That's unfortunate.
Yeah true, so much true now sodl and gtfo, go play with wow gold.
You are agressive, your life must sucks, I am sorry for you, I hope you will do better in the future.
Oh I'm sorry did I scared you, I'm sorry I didn't mean to scare you, I'm not aggressive in nature, sorry again. So this is your 1st 51% incident is that true?
That's not because it's not the first time that it's not very serious. Peter Todd is worry too:
http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/Bitcoin cannot grow worldwide if its faith depend on the hypothetical good behavior of some human beings, the stakes are too high to afford to trust somebody.
So as I understand it from what you write the smart thing to do is to sodl nau and gtfo is that right?
The smart thing to do is to admit there is a problem and search for a solution.
You don't think my solution is plausible?
That's not qualify as a solution in my book.
So... much ado about nothing...
Solution is to run away from ghash.io and not be to greedy for couple of extra bucks from theirs no fee and merged mining.
A solution that involved the need for human beings to not be greedy is not a viable and realistic solution.
Ah yes u are right stupid me . People cant not be greedy LOL .
Damn this conversation should be in a philosophy text somewhere.
I'm not sure the Socratic style is still appealing nowadays.
Such quoting.
Mervyn, Are you saying bitcoin doesn't create wealth?
Yes, exactly! Bitcoin doesn't even aim to create wealth. It aims to store and transfer wealth, but because of it's overly simplistic financial properties, it fails to succeed in it's goals. Without a mechanism to keep stable unit value, bitcoin is a gimmick of an currency, that is more of an innovative gambling platform, then a serious financial tool.
Why do you bother with it then?
I like the idea that it is based on and I think that we'll see some interesting developments based on that idea.
To me, worshipping bitcoin is like worshipping macintosh 128k and thinking that it will be the future. The idea has potential, not the present simplistic models. Worshipping bitcoin is based on the assumption that technology isn't constantly evolving, but about stagnation. It's the mentality of the get rich quick folks who are afraid on development and they wish that the world would be as static as their own intellectual development.
This.
Always keep one of your eyes on alternative cryptos that offer innovation.
Good. Get ready to see tall spikes on the chart.
