$100 Per Bitcoin(BTC)

Nigel Farage said:
Which, the more I read it, makes no sense at all. How do you "calculate" the "future income generated" by something whose "intrinsic value" you are trying to determine? This definition says that you find the intrinsic value by "summing the future income generated", yet I would think you would need to know it's "intrinsic value" in order to do this.
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Indeed, nice catch you did there :)

Is all economic theory bullshit?
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No, but you must understand that it 's not a homogeneous body. Also, keep in mind that mainstream economics are used by politics (and consequently the state) for their means. So, yes, understanding how humans interact in a society (economics) is not as straightforward as taking a course or reading a book. You 'll have to dig in.

Is that why the world is in it's current state of economic crisis?
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Well, no. I may preach all the shit I want but it 's actions that matter. And make no mistake, it 's the politics that make action and guide mainstream economics, not the other way around ;)

Would we all be better off if we simply rounded all these economists up, chained them together, handed them sledgehammers and put them to doing some real work for the rest of their lives? They could sing "Swing Low, Sweet Charrr-i-o-ot"...
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No, read above.
 
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Interesting discussion guys...also wanted to add that alot of bot creators are banking hard with this as they are installing bots to mine on slaves...read somewhere that some are even using paid ads to get the binaries on the victims...could this mean that hackers/programmers/Iinternet Marketters will soon rule the world and not bankers??:)
 
ReALeST said:
Interesting discussion guys...also wanted to add that alot of bot creators are banking hard with this as they are installing bots to mine on slaves...read somewhere that some are even using paid ads to get the binaries on the victims...could this mean that hackers/programmers/Iinternet Marketters will soon rule the world and not bankers??:)
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Inflation.. :(
 
ReALeST said:
Interesting discussion guys...also wanted to add that alot of bot creators are banking hard with this as they are installing bots to mine on slaves...read somewhere that some are even using paid ads to get the binaries on the victims...could this mean that hackers/programmers/Iinternet Marketters will soon rule the world and not bankers??:)
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i guess it would all come down to whoever owns super computers would be the ones to rule the web and possibly society no one rule the world only GOD does
 
Starcodes said:
i guess it would all come down to whoever owns super computers would be the ones to rule the web and possibly society no one rule the world only GOD does
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Interesting...
 
What did just happen? This is just getting out of control.
Assuming i am mining bitcoins, how hard is to sell them ? From what i see, it is better to invest in mining hardware than buying and speculating on the market.
 
theMagicNumber said:
What did just happen? This is just getting out of control.
Assuming i am mining bitcoins, how hard is to sell them ? From what i see, it is better to invest in mining hardware than buying and speculating on the market.
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You could buy stuff with them if you couldnt sell them, lots of online vendors accept Bitcoins and not just for Drugs and Firearms ;)
 
its quite late to get into BTC now.
the machine is expensive than ever.
 
Ughh, I knew I should've gotten in on this! I'm thinking about Litecoin mining though. Thoughts?
 
dippelidat said:
I´m seriously considering getting into this. It makes sense that the world needs an alternative currency that is backed up by peoples trust and not easily corrupted governments.

Commerce is increasingly going online so having a digital currency makes sense. Given that the worlds money supply is approx. $75 trillion (!) and that Bitcoins total worth is now approx. $1 billion there is a huge possible upside. If Bitcoins in 5-10 years account for just 1% of the worlds money supply, your $100 invested in 1 Bitcoin today will be worth $100.000. That is 1000 x your investment.

With risk/reward in mind, this looks very appealing. Crazy to think that a mere $1000 today can make you a millionaire in a few years.
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DId you ever get into it haha :D
 
btc today 970USD :-) I am a fucking LOSSER
i sold it years a go with 200usd
 
IamNRE said:
OMG..... I remember 2 years ago when it was 18 and people were complaining coz a year before that it was like 5-8.

SHiT
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The Chinese will take over our currency in 2017. I am curious what you will do then.
 
That gravedigging was interesting as a historical reference.
 
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