wen btc crashd

1. 2017-01-02 at 4:21 AM UTC

   #1
   

   bling bling Dark Matter
   been tellin this myelsef now is gonna happen
   
   Post last edited by bling bling at 2017-01-12T03:06:18.250171+00:00
2. 2017-01-02 at 9:03 AM UTC

   #2
   

   Sophie Pedophile Tech Support

   Originally posted by bling bling been tellin this myelsef for 5 months

   
   BTC gets harder to mine per BTC mined, Moore's law not withstanding. So it retains it's value mostly. Of course there is some volatility in the BTC market but the trend is generally upwards.
3. 2017-01-02 at 10:27 AM UTC

   #3
   The Self Taught Man Black Hole
   I gotta buy it before it hits $2000 fuck.
4. 2017-01-02 at 10:50 AM UTC

   #4
   

   bling bling Dark Matter
   u ned bare p to even be able too make more ney adn not get chommped up by fee
5. 2017-01-02 at 10:53 AM UTC

   #5
   The Self Taught Man Black Hole
   no fees for me lol
6. 2017-01-02 at 10:59 AM UTC

   #6
   

   bling bling Dark Matter
   shut op noob
7. 2017-01-02 at 1:39 PM UTC

   #7
   The Self Taught Man Black Hole

   Originally posted by Sophie BTC gets harder to mine per BTC mined, Moore's law not withstanding. So it retains it's value mostly. Of course there is some volatility in the BTC market but the trend is generally upwards.

   
   Does the whole thing take technological advancement into consideration?
   
   The value of BTC is determined by the server power that is required to "mine" for it, right? The more gets farmed the harder it gets to aquire it. Like with minerals for example.
   
   I know in the early days people used to do that with their own machines at home and now you need fucking companies in Antartica to make some real money(?).
   
   So, question:
   
   Value of BTC = Energy spent mining it
   
   What if energy production advances rapidly through one invention like it did so many times in the past? Will the whole thing crash or adapt?
   
   
8. 2017-01-02 at 2:09 PM UTC

   #8
   Merlin Houston

   Originally posted by Sophie BTC gets harder to mine per BTC mined, Moore's law not withstanding. So it retains it's value mostly. Of course there is some volatility in the BTC market but the trend is generally upwards.

   
   If it became too expensive to mine relative to the actual price that could really fuck it up. In theory it shouldn't happen and they move in step, but the difficulty increased a couple months ago and for those past few months the price was largely the same as it was before the difficulty increase. Though overall looks to be going higher and that makes sense. (tbh I'm not basing this off any charts or solid evidence). That situation has happened with silver.
   The following users say it would be alright if the author of this post didn't die in a fire!

   • bling bling
9. 2017-01-02 at 2:17 PM UTC

   #9
   Merlin Houston

   Originally posted by RisiR Does the whole thing take technological advancement into consideration?
   
   What if energy production advances rapidly through one invention like it did so many times in the past? Will the whole thing crash or adapt?

   
   Not beyond the difficulty increasing, how could it? You would need to predict the future.
   
   I've said before that I really like the idea of Primecoin which (besides that I'm a bagholder) has an infinite number of coins and difficulty to mine them depends on the demand. Something like that could be more resistant to advances in technology, where the Bitcoin difficulty is completely fixed. Your situation could cause all the unmined bitcoins to suddenly be found and then it's value is based purely on transaction costs and human psychology.
   The following users say it would be alright if the author of this post didn't die in a fire!

   • Sophie, 
   • The Self Taught Man
10. 2017-01-02 at 3:48 PM UTC

    #10
    

    bling bling Dark Matter
    teh wwhole market is controlled by some chinkys that supply rcs for the fbi a and nots a penny changes in price wifout them doign it
11. 2017-01-02 at 4:58 PM UTC

    #11
    The Self Taught Man Black Hole
    Yup, and you missed the boat.
12. 2017-01-02 at 11:17 PM UTC

    #12
    

    bling bling Dark Matter
    noob how did i
13. 2017-01-03 at 5:20 AM UTC

    #13
    

    bling bling Dark Matter
    thee new world order sytem of societey is cashless
14. 2017-01-03 at 11:07 AM UTC

    #14
    The Self Taught Man Black Hole
    Start stockpiling syncans and T-PAIN now before its too late
15. 2017-01-03 at 11:11 AM UTC

    #15
    The Self Taught Man Black Hole
    Bitcoin is for faggots who don't have real money.
16. 2017-01-03 at 11:13 AM UTC

    #16
    The Self Taught Man Black Hole

    Originally posted by HateEternal Bitcoin is for faggots who don't have real money.

    
    Say that to my meth dealers face not online fucker see what happens
17. 2017-01-03 at 11:15 AM UTC

    #17
    The Self Taught Man Black Hole

    Originally posted by SCronaldo_J_Trump Say that to my meth dealers face not online fucker see what happens

    
    How about I force you to watch me murder your entire family instead? That sounds more fun.
18. 2017-01-03 at 11:24 AM UTC

    #18
    The Self Taught Man Black Hole
    Good then I can finally be alone and do more hard drugs with my inheritance
19. 2017-01-03 at 7:55 PM UTC

    #19
    

    bling bling Dark Matter

    Originally posted by HateEternal Bitcoin is for faggots who don't have real money.

    
    trpple sixx is establishd the average cabbage tryna live lavish off credit card balanzes magnet strips laced upton plastic the new world order sytem of society is cashless
20. 2017-01-12 at 3:06 AM UTC

    #20
    

    bling bling Dark Matter
    predicted it again meke ur money now b4 real dip