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Line win bitcoin slot machine, line win bitcoin slot machine I ran into one of these earlier than, do not spend money on it. It's going to explode the bitcoin price within the short time period.
LegendaryActivity: 1078Merit: 1001 Re: BFL: 2nd gen batch of production ASICs is coming October 01, 2013, 08:26:46 PM #18 Quote from: davout on October 01, 2013, 07:38:22 PM Quote from: Misterbigg on October 01, 2013, 07:34:forty six PM Quote from: davout on October 01, 2013, 07:28:06 PM I bumped into certainly one of these before, do not invest in it. It's going to blow up the bitcoin value within the short term.
Bitcoin must be a commodity if it is to be widely adopted for anything apart from speculative functions. All the hype makes it sound like gold, but Bitcoin's scarcity is only by design, and isn't restricted to a small set amount in circulation--no Bitcoin can ever be mined out of the ground. So far, the demand created by hypothesis has saved the value from skyrocketing by orders of magnitude, however a crash does appear inevitable in the short time period.
Bitcoin needs to be a commodity if it is to be widely adopted for anything aside from speculative functions. All the hype makes it sound like gold, but Bitcoin's shortage is simply by design, and is not restricted to a small set amount in circulation--no Bitcoin can ever be mined out of the bottom. So far, the demand created by speculation has kept the price from skyrocketing by orders of magnitude, however a crash does appear inevitable within the quick term.
The solely cause gold is extra scarce than bitcoin is as a outcome of we've had a more restricted provide of gold. Once we had more individuals owning gold, there was a much larger incentive to mine more of it. It should be the alternative in bitcoin, I imply until we return to mining 1 BTC per block on a 1M coin block as within the bitcoin gold chain and everyone is just sitting on their 1Mb and they don't seem to be doing anything, its going to be hard for a couple of years to mine any on the present rate of $1000 a coin.
So in the lengthy run, we need huge adoption of bitcoin earlier than bitcoin is in any actual danger of operating out of cash. The only purpose gold is more scarce than bitcoin is because we've had a more limited supply of gold. Once we had
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