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originally posted by: muzzleflash
a reply to: Quetzalcoatl14
This is where bias can become dangerous.
People will oppose anything X says because of his social class or political affiliations.
This is very concerning.
We really need to think things through more.
originally posted by: Tranceopticalinclined
Honestly, it's not going to bubble, it's going to be sabotaged, from the inside out.
The banks don't want it around, and because Bitcoin wasn't designed really for the people, ( note the total amount ) , banks can buy in at large levels, and control the price via bot trades.
Then throw in the greed factor and others are doing the same buy / sell walls to swade price movements.
The mining has long since moved away from the people and towards the larger companies, thus turning this into a centralized currency, under a decentralized mask.
The unregulated system allows for serious arbitrage, on levels that would make the current stock market super envious.
I honestly feel that bitcoin will be bloated, and profited off of until it cannot contain anymore trust and it will burst.
It's only because it was the 1st, that it's so popular, the transactions now take HOURS still to confirm, while other altcoins take shorter AND have features you'd actually find useful, other than being public.
Namecoin is basically a DNS on the blockchain, wait till that's reconcepted...
Ethereum is a great concept, but, it's also ALL eggs in one basket, if there is ever found to be a flaw in the original code, all altcoins build on the platform will be affected, and possibly profited off of in new forms of scams or hacks.
But all this is needed, so we can build onwards into the future of money and public facing finance
originally posted by: neo96
The returns of bitcoin right now is insane.
It's blown gold way, and this year alone it's appreciated over $8,000.
Bitcoin supply is finite which means the value is only going to increase.
originally posted by: skunkape23
About 20 miles south of
originally posted by: worldstarcountry
a reply to: skunkape23
Well then, consider that goat mine! Where can we meet to arrange this transaction?
Dallas. I'm the guy with dreadlocks and a goat.