Bitcoin

black booty lover

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Oct 21, 2007
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Sigh.



You keep using US as the benchmark. This allows third world citizens access to a stable online currency(ten years of consistent growth in fact) via a smart phone. And the ability to do business worldwide. You think today. I'm in it with this and other coins and blockchain for years down the road.

I'd take three quarters in Bitcoin and the other quarter in cash today. Honestly.
Of course I use US as the benchmark, every country does...lol.

Well, if your in your in. If you sell at the right time you well make your money, but majority of people are going to take a massive hit on this.
 

black booty lover

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Lmao Booty, that was a 4:22am post. You been drinking a bit?? 😛 (not that there's anything wrong with that).

Tesla plans to accept bitcoin directly, no fiat conversion necessary.
Link: https://markets.businessinsider.com...s-cryptocurrency-as-payment-2021-3-1030239685

Okay so one company will take your bag of marbles, and accept it for whatever the U.S value is for it. Like Valcazar keeps explaining, it's all measured to the U.S dollar. The prices of the Telsa products are in U.S dollars, so it doesn't matter what a company is willing to accept as a payment, your ultimately paying in U.S dollars. No different then them saying "we'll take your gold for a Telsa, but we'll only give you whatever the price of gold is currently valued at".

and yes they will only taking your bitcoin in lump sum.
 
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Phil C. McNasty

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Dec 27, 2010
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Okay so one company will take your bag of marbles, and accept it for whatever the U.S value is for it. Like Valcazar keeps explaining, it's all measured to the U.S dollar. The prices of the Telsa products are in U.S dollars, so it doesn't matter what a company is willing to accept as a payment, your ultimately paying in U.S dollars. No different then them saying "we'll take your gold for a Telsa, but we'll only give you whatever the price of gold is currently valued at".

and yes they will only taking your bitcoin in lump sum.
Tesla is just the one of the first companies, there will be many to follow. You can't stop technology
 

black booty lover

Well-known member
Oct 21, 2007
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Tesla is just the one of the first companies, there will be many to follow. You can't stop technology

maybe some will follow, but it will be a miniscule amount when you look at the billions of companies in the world. There's no point in really accepting it. The point is, it's not replacing the U.S dollar, nor the Canadian, etc....
 

Phil C. McNasty

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It’s starting to topple. Eventually they will not be able to hold it back anymore and resist the inevitable. Resistance is futile.

BREAKING: Goldman Sachs is planning to offer Bitcoin services to their high-net worth clients in Q2.

Eventually they will have to offer bitcoin services to everyone.”
The problem is, its almost impossible to ban it. Even if every country banned it, bitcoin would just go underground and become even more valuable:

 
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Phil C. McNasty

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What I think will happen eventually (or possibly very soon) is you stick your ATM card into the bank machine, the bank then allows you to buy x-amount of bitcoins, and those bitcoins are then automatically stored to your bank account (separate to your regular dollar balance).

Its just a matter of time IMO
 
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|2 /-\ | /|/

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What I think will happen eventually (or possibly very soon) is you stick your ATM card into the bank machine, the bank then allows you to buy x-amount of bitcoins, and those bitcoins are then automatically stored to your bank account (separate to your regular dollar balance).

Its just a matter of time IMO
If banks and financial institutions don’t embrace bitcoin soon enough and companies invest in it, their value will devalue overtime. This reminds me of the arrogance blockbuster pulled when Netflix was knocking on their doors. Same thing happening here and the writing is all over the walls and charts lol

Good to see some financial institutions and companies finally realizing what’s happening.

When this starts happening on a massive scale we can then say the ship has sailed. Right now it is still docked, starting its engine and blowing its horn.
 
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hoorawr

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Oct 5, 2008
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This is not true. There are at least 10 theoritical ways to break bit coin of which 4 have been used and 2 more are moderatly know - the rest are fairly rare. A decent programmer can do most of them. The whole chain has not been hacked yet, but with a team of 1000 it could be - not out of the way of mega corp or nation. Other similar coins have had been hacked.
You’re wrong and a bullshitter. There’s no way a team of 1000 could get 50%< hash power. Or it would have already been done, I don’t think you comprehend how much money is involved in the bitcoin network
 

escortsxxx

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Tdot
You’re wrong and a bullshitter. There’s no way a team of 1000 could get 50%< hash power. Or it would have already been done, I don’t think you comprehend how much money is involved in the bitcoin network
First, one crypto has alreay been attacked by a 51 attack with a few dozen programes - bitcoins harder so a team of a 1000 is an estimate. With robots its not that hard. And 51 attacks are the hardest of the attacks. However, at the moment its in my financial interest for you to ignore my warning so I will ad more to the BS as you say so you will not believe me. Its google. But what I call boat attacks are the easiest. Safe attacks with cyrpto is hard and the windows are narrow.
However it anyone wants a lesson on basic crytpo attacks and what needs to be done to hack (in theory) any currency I have paid discussions on said topic. But here a free one - all cypto are on the clock - when quantam computers are put to the task it will be child play. Google invented there version in 2017 and it can already decrypt "impossible" crpto sequences. When they put the prototype to market this gen of crpto is over.


And I am an idiot with this stuff so If I am aware of it, the google egg heads are more than aware of it. But its to there advantage to pretend that cypto works as well. The irony is like any ponzi scheme, the more I warn you the more you jump in. Thanks for the cash.

For those interested in anti-cyto , the q-bit here some heavy back round reading - this was purly mind games at the time but now its reality


PS Forbes gives the quantum approach ten years. Its from 1 to forever so we shall see. IBM got one two. I have the vaccine 2 years and 1 at the very best. It was done in less than year. So science predictions are crap shoots.
 
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black booty lover

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hoorawr

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First, one crypto has alreay been attacked by a 51 attack with a few dozen programes - bitcoins harder so a team of a 1000 is an estimate. With robots its not that hard. And 51 attacks are the hardest of the attacks. However, at the moment its in my financial interest for you to ignore my warning so I will ad more to the BS as you say so you will not believe me. Its google. But what I call boat attacks are the easiest. Safe attacks with cyrpto is hard and the windows are narrow.
However it anyone wants a lesson on basic crytpo attacks and what needs to be done to hack (in theory) any currency I have paid discussions on said topic. But here a free one - all cypto are on the clock - when quantam computers are put to the task it will be child play. Google invented there version in 2017 and it can already decrypt "impossible" crpto sequences. When they put the prototype to market this gen of crpto is over.


And I am an idiot with this stuff so If I am aware of it, the google egg heads are more than aware of it. But its to there advantage to pretend that cypto works as well. The irony is like any ponzi scheme, the more I warn you the more you jump in. Thanks for the cash.

For those interested in anti-cyto , the q-bit here some heavy back round reading - this was purly mind games at the time but now its reality


PS Forbes gives the quantum approach ten years. Its from 1 to forever so we shall see. IBM got one two. I have the vaccine 2 years and 1 at the very best. It was done in less than year. So science predictions are crap shoots.
First, thanks for clarifying you’re an idiot on this subject.

secondly, I’m talking about BITCOIN, the 1 TRILLION $ network that has never been compromised with a double spend. NEVER. In over 10 years. don’t come at me with your stories about shitcoins, majority of people buying that are either gullible idiots, or short term speculators.

lastly, bitcoin is governed by the SHA 256 hashing algorithm (that was invented by the CIA). This is the same algorithm that protects our hospitals,our governments, our corporations, etc.

if/when quantum computers can crack SHA256, bitcoin is the LEAST of our worries, as anybody with access to a quantum computer can theoretically hack any network that exists in the world today (including your very own bank)

but you are naive if you think we won’t have quantum hash algorithms by then.

Also have fun making money with your baseless seminar and scamming people to sign up for them. I don’t need to do that, as if you look up my post history I’ve been holding bitcoin since long before 2017. But enjoy your penny change
 

Valcazar

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Now ask yourself this.

If you were in Argentina today would you prefer to be paid in Pesos? Or Bitcoin? How about Venezuela? Hondouras? Local currency in Somalia? Zimbabwe?

Early adoption is already happening at the grassroots level.
Perfect example.
No one wants to use something that is super volatile in this situation.
You're in Venezuela and your employee insists their salary should be paid in Bitcoin. Would you do it?

As far as I know car dealers like Tesla or BMW in the UK dont accept bitcoin as installment payments, onyl in 1 direct lump sum.

I could be wrong about that though, I'll have to double-check
It would be the only thing that made sense. They trade an asset almost certainly guaranteed to go down in value (the car) for one that has been consistently going up.
More interestingly, if you buy a Tesla for 1 Bitcoin, and then a month later want to exchange it back, will they give you back one bitcoin? (I bet no.)

It’s starting to topple. Eventually they will not be able to hold it back anymore and resist the inevitable. Resistance is futile.
And then what happens?
What awesome transformation does this portend?

Space communism?
Transhumanism?
I do like that you are tagging this post with a villain.

Perfect example of Oblivion NPC aka oblivious cows
LOL!! We're back to the NPC thing.
Adorable.

Are Teletubbies the sign of bitcoin now?
I love how absurd meme culture gets.

if you look up my post history I’ve been holding bitcoin since long before 2017.
Perfect, so you will buy everything in Bitcoin now that it is usable in all these places?
 
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