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I've been involved with bitcoin since the beginning of 2014, including a year of crypto mining. So I've dodged some bullets (Gox, Mintpal, Coinrush), and taken shrapnel from other crypto-blowups (the Vericoin heist, Vircurex, Silkcoin, etc.), and wanted to share some of what I've learned. One things's for sure, bitcoin is never lacking for drama! :-)
1 posted on 11/03/2015 10:08:42 AM PST by Another Post-American
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To: gaijin; I Hired Craig Livingstone; Lurkina.n.Learnin; Major Matt Mason; Wildbill22; plsjr

One last ping for a while...


2 posted on 11/03/2015 10:09:32 AM PST by Another Post-American (Jesus died for your sins.)
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To: Another Post-American

Have you used any coin-tumbling service? Altcoins?


4 posted on 11/03/2015 10:51:32 AM PST by bkopto
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To: Another Post-American

Nice summary. Thank you.


5 posted on 11/03/2015 10:52:17 AM PST by HoosierDammit ("When that big rock n' roll clock strikes 12, I will be buried with my Tele on!" Bruce Springsteen)
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To: Another Post-American
It figures - just as I'm considering getting into BTC, the price rockets skyward. Story of my (financial) life.
7 posted on 11/03/2015 11:02:15 AM PST by Major Matt Mason (Those that can, do, those that can't, work in the Beltway.)
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To: Another Post-American

Bitcoin looks good, from a technological standpoint. But I still can’t see bitcoin ever really taking off as a currency. If people believe that bitcoins will hold their value better than another currency, they have no incentive to spend them. They will spend dollars, and horde bitcoins. If people don’t believe that bitcoin will hold their value, then it has no pressing advantage over other, more widely accepted, currencies. Why take the risk on a new currency, that may or may not ever become widely accepted, if I also believe that the new and risky currency will go down in value?

I am sure that you have run into this argument before. What is the generally accepted response to this, in the bitcoin community?


10 posted on 11/03/2015 11:14:38 AM PST by jjsheridan5
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To: Another Post-American

Can I have bit coin pings for 100, wink?


12 posted on 11/03/2015 11:28:50 AM PST by DarthFuzball ("Life is full of little surprises." - Pandora)
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To: Another Post-American

If you have a Bitcoin ping list, please add me. Thanks


16 posted on 11/03/2015 11:52:59 AM PST by bkopto
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To: Another Post-American

Nice writeup. Add me to your list too, if you don’t mind.
Thanks!


22 posted on 11/03/2015 7:59:58 PM PST by old-ager
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