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Just bought 0.2 for £1500! I have 1.2 already from years ago and wish I had bought more!
Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding. Existing investors, including Lightspeed Venture Partners and Sir Richard Branson, provided new financing. Blockchain Chief Executive Officer and co-Founder Peter Smith said his company’s new funding was raised before bitcoin and ether’s recent run up.
I've had fellas who work as farmers, plumbers and labourers talk to me about investing all their savings in Bitcoin. Once things have reached the "plumber threshold", you know it's a bubble.
originally posted by: Krazysh0t
originally posted by: Revolution9
That means the MACHINE will calculate everything and humans will respond to its financial dictates and will have no recourse to counter its financial decision making. What a horror story of sublime digital institutionalization!
What's so bad about that? I'd trust an algorithm over a potentially greedy human's opinion any day of the week.
originally posted by: AugustusMasonicus
originally posted by: dfnj2015
Crime pays better than hard work.
I take it you've never read Freakanomics where it was demonstrated the typical drug dealer makes less than a person working at a fast food restaurant.
Pablo Escobar was 'making' sixty million dollars A DAY, how much do fast fooder's make per day ?
originally posted by: Revolution9
It will be interesting to see what happens when the peak is reached. Then it must be a game of trading them and trying to make out of their fluctuating value.
I'll be watching it more closely now for sure.
But GPU mining ended in 2013. The tiny bitdust you will earn will never reach a mining pool's minimum cash out limit. So you will never see any bitcoin. This will be a pure loss consisting of spent electricity and worn-out hardware.
You could buy a USB stick for mining, for 10 USD. It would mine at a loss due to electricity costs. Even if you have free electricity it would never earn back the 10 USD. So this would also be a loss.
The only way to mine now is with modern stand-alone miners. They have a much higher hashrate and efficiency and they use a tiny built-in computer instead of connecting to your PC. You'll want to get one that runs 1 TH/s (1000 GH/s) or faster. You will not want to pay more than 0.30 USD per GH/s for a miner with power supply. You will need cheap electricity.
originally posted by: pikestaff
Pablo Escobar was 'making' sixty million dollars A DAY, how much do fast fooder's make per day ?
Hedge Funds are now involved in Bitcoin investment. It has well and truly become a rich person's game.
I think when they have become rich enough and control it enough they will be wanting to turn the whole world over to Bitcoin and digital currency.
That means the MACHINE will calculate everything and humans will respond to its financial dictates and will have no recourse to counter its financial decision making. What a horror story of sublime digital institutionalization!
Can anyone foresee a problem here? I can see many.
I have been watching it since the very beginning. When everyone else was worshiping it as some kind of Savior from the bankers I saw it as their ultimate weapon being unleashed on humanity.
I really do believe that digital currency will be the financial system of the beast and we will have to have a mark if we want to buy and sell in the system. Bitcoin has always been my enemy (check my ATS commentary history for proof of that). I know it for what it is. It is the coming machine controlled cashless society that will outcast many.
I told you this years ago. I am saying the same now. I bet it looks a bit closer to home now doesn't it?
originally posted by: booyakasha
The only reason we don't have free clean energy is because of the bankers in the first place.