5 year bump thread...guess the price of BITCOIN 5 years from now

[NewNick]

Read that forbes article a few posts up



C'mon, I *know* you are brighter than that

I read the Forbes article. It did not change my opinion of Bitcoin.

Bizarrely the Bitcoin fervour ties in to all the other internet truisms. It has fuck all to do with reality.

Miley is an illuminati puppet,

9/11 was a plot between the Jews, the CIA, and Dubya.

The 69 moon landings happened in a TV studio.

The Lizzard people are controlling our minds via the Rothchilds and some other fuckers for some reason or another.

It goes on and on and on. Bitcoin is the magical device that frees us from our slavery.

Fuck off !!!

Really - you cunts really need to get out more.

[Jel]

I read the Forbes article. It did not change my opinion of Bitcoin.

Bizarrely the Bitcoin fervour ties in to all the other internet truisms. It has fuck all to do with reality.

Miley is an illuminati puppet,

9/11 was a plot between the Jews, the CIA, and Dubya.

The 69 moon landings happened in a TV studio.

The Lizzard people are controlling our minds via the Rothchilds and some other fuckers for some reason or another.

It goes on and on and on. Bitcoin is the magical device that frees us from our slavery.

Fuck off !!!

Really - you cunts really need to get out more.

*I* need to get out more?

[CarlosTheGaucho]

I predict bitcoint won't exist anymore in 5 years.

[NewNick]

*I* need to get out more?

No sorry, not you specifically - I was referring to all the half witted turds who cannot tell the difference between reality - and something they read on the internet.

I put them all in the same bracket. Truthers, illuminati freaks, Bitcoin evangelists, Holocaust denyers, Shawadywady fans.............

[Jel]

^ fair 'nuff and yeah the btc evangelists are a bit much, though every 'side' of every 'fence' always has the extremists

[Korea1818]

$47

Blowjob from Eastern European female younger than 35, and considered attractive by 70% of respondents to a survey on GFY.com preferred.

[NewNick]

^ fair 'nuff and yeah the btc evangelists are a bit much, though every 'side' of every 'fence' always has the extremists

Indeed they do.

But some arguments are more straight forward.

e.g.

Evolution vs Creation.

Both sides have their extremists and fundamentalists.

But that does not mean that the earth was created 6000 years ago by a heaven dwelling wizard with a fondness for a day off and a particular interest in death, misery, pestelence, famine, and smoting of non believers and sodomites.

I mean, who the fuck would take that shit seriously ?

[Jel]

Indeed they do.

But some arguments are more straight forward.

e.g.

Evolution vs Creation.

Both sides have their extremists and fundamentalists.

But that does not mean that the earth was created 6000 years ago by a heaven dwelling wizard with a fondness for a day off and a particular interest in death, misery, pestelence, famine, and smoting of non believers and sodomites.

I mean, who the fuck would take that shit seriously ?

that's a pretty good example actually, I know a fair few religious people, and some of them see all that as metaphors, analogies, and so on. Granted, not many of them :D

[NEW XTC]

$47

Blowjob from Eastern European female younger than 35, and considered attractive by 70% of respondents to a survey on GFY.com preferred.

Best response yet - BJ will be delivered to you if you win my good sir.

[NEW XTC]

Bitcoin will be superseded by a product that is easy to get hold of, easy to use, and a safe store of value.

Or

Bitcoin will evolve those fundamental features.

However given that Bitcoin is something of a rudderless vessel, I am not sure that the leadership and foresight that is required exists to make these changes. This is why I dont think Bitcoin will be the product which becomes the ultimate game changer.

I also share the opinion that Bitcoin may very well be superseded by a more mathematically and logically superior successor. (although BTC can and will evolve improvements) But this new supercoin would likely take BTC on up for the ride...there is no reason to think that any crypto that has advantages that Bitcoin lacks would crush the life out of Bitcoin.

If a new coin came along (for fun lets say GoogleCoin) and it was non-anonymous and well regulated and everyone jumped on board - there would still be a lot of interest in BTC to move funds in and out of GoogleCoin for anonymity or a myriad of other reasons - a GoogleCoin worth 100k USD could very well drag up the price of BTC right along with it.

[darksoul]

a) Make it easy to obtain.
b) Make it easy to understand.
c) Make it safe and easy to store.
d) Make it safe to spend, lose the criminal/drug/CP image.
e) Make it risk free.
f) Regulate it.

a) easy to buy from several exchanges or even from your next door neighbour
b) you don't need to understand how it works the same way 99% of the people have no idea how fiat works
c) its not that complicated as it is but it will get easier with time, just think about how complicated computers were a few years back, now even my grandmother can fb me
d) most of the criminal activity is done through fiat, fail!
e) theres no such thing in any monetary sistem
f) kindly fuck off

[darksoul]

Bitcoin is going nowhere, only a crypto currency that is distributed fairly will prevail. Having to Mine for bitcoins is bs and a waste of resources. I'm sure a crypto currency will emerge that will bring about a new socio-economic-political system, but bitcoin was only the foot in the door.

You don't have to mine for bitcoin same way you don't have to mine for gold
the distribution of gold or any other kind of wealth distribution had the same characteristics
dont be a crybaby

[Eddiestryker]

Why do we need bitcoin???

I agree with all the benefits of bitcoin, but my question is why do we need bitcoin??? Why would most people use bitcoins???

1. Until bitcoin has some great pragmatic benefit, I don't see bitcoin becoming mainstream. Also the USA government has said it won't regulate bitcoin until it becomes mainstream.

2. I like gold since as a way to save, since you can't create gold out of thin air unless your an alchemist or own a star. Where as crypto currency doesn't have scarcity since new ones are always coming out diluting bitcoins value. Take a Look:
http://coinmarketcap.com/all.html

3. Like I said, crypto currencies will be bring about great socio-economic-political change, but still waiting to see a revolutionary crypto currency. Here's a candidate:
http://www.auroracoin.org/

You don't have to mine for bitcoin same way you don't have to mine for gold
the distribution of gold or any other kind of wealth distribution had the same characteristics
dont be a crybaby

[darksoul]

I agree with all the benefits of bitcoin, but my question is why do we need bitcoin??? Why would most people use bitcoins???

Because its like money but better.

[DWB]

The stroke of a pen and a few phone calls huh. Whos pen exactly - the majority of both houses of congress and the President AND a majority of Supreme Court Justices (likely it would go that high in court).

Whatever the USA wants in terms of currency regulation or banking, the USA usually gets. That's a fact, not an opinion. Bitcoin is not worth much if it can not be converted to a currency. If you are unable to convert to a currency, that's a wrap.

Who's pen? Whoever has the authority to do so. But if I had to take a guess, it would be the same people who have shut down every other competing currency, and strong arms international banks into giving up their data.

Not sure about Thailand but China most certainly did not ban or outlaw BTC - they simply stopped BTC from being used by payment processors. But they gave to OK for Chinese citizens to trade BTC all they want. They just made them go through an extra step, through a foreign based exchange to get their money back into Yuan.

It is illegal for the Chinese to cash out directly into Yuan. The Chinese can only trade their Bitcoin for online or digital items, such as gaming. Or convert it elsewhere before coming back into Yuan. That is Chinese law. And that shows how easily it can be done. It is only a loophole that allows them to go through an exchange first, but that loophole will be closed soon enough. One single law and they couldn't cash out into their own currency. One more and they can't exchange it to another. Then it's back to digital goods only. Two laws, easy pease, and one of them is already in place. If it can happen there, it can happen anywhere. Only time will tell if it will, but my whole point was that it would be incredibly easy to destroy Bitcoin with a stroke of a pen, which means a new law or two.

dwb thailand didnt do that. my thai friends are buying and cashing out actively to their thai banks since months ago

Yes, they did. But like all other Thai laws, they are not enforcing it. Look it up.