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Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?
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Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?
Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?
Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?
Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?
Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?
Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?
Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?
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View Poll Results: Bitcoin Opinion
Total Scam 3 42.86%
Investment Grade Opportunity 1 14.29%
I'll go with lottery tickets or casinos 1 14.29%
I don't gamble at all 2 28.57%
Voters: 7. You may not vote on this Poll because you are not Logged In.


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  Post Number #9  
Old 8th December 2017, 06:16 AM
Ronen E

 
 
Total Posts: 3,736
Re: Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?

Quote:
In Reply to Parent Post by Sidney Vianna View Post

"When you start thinking you can create something all of nothing it's very difficult to resist."
This is very true. This difficulty to resist is exactly what fueled the Gold Rush.

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  Post Number #10  
Old 9th December 2017, 12:09 AM
Pancho's Avatar
Pancho

 
 
Total Posts: 829
Re: Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?

Quote:
In Reply to Parent Post by Sidney Vianna View Post


"When you start thinking you can create something all of nothing it's very difficult to resist."
It appears to be created out of nothing. Its price is in a bubble. Criminals use it. Reminds me of that nasty den of porn and scams of the early 90s, what was that? Oh, yeah, the www.

Algorithms are funny. They are just a set of instructions. Metadata. But they certainly aren’t nothing. They have value. And yes, they are difficult to resist because of that.

Bitcoin is the first implementation of a clever algorithm. This algorithm runs on the full internet. The algorithm solves the “double spend” problem allowing nodes on the network to store and transfer value. Being first, and because of strong network effects, bitcoin has built a large lead over alternate algorithms or implementations.

Bitcoin will likely crash a few more times in its run to general adoption. It may be replaced by improved implementations of the algorithm. But the algorithm itself is very valuable and will transform the financial order beyond recognition.

Besides my earlier recommendations, check out Bitcoin: What is it? (video) | Bitcoin |
Khan Academy
  Post Number #11  
Old 9th December 2017, 03:29 AM
Marc's Avatar
Marc

 
 
Total Posts: 26,282
Re: Does Your Financial Future Reside in Bitcoin(s)? Or are Lottery Tickets better?

I actually was thinking about investing about US$10K early last week, but as I researched I was seeing a lot of "how do I get my money out?" issues and decided not to.

This was an interesting read: 927 People Own Half Of The Bitcoins - Business Insider
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