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Bitcoins the new global internet cash?

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Telnic
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Bitcoins the new global internet cash?

Post by Telnic on Tue 30 Dec 2014, 7:20 pm

spline06-09-2011 05:29 PM




Bitcoins the new global internet cash?
 
Have you got any bitcoins?


This is a article from one of the piratebay founders.

Why I’m Putting All My Savings Into Bitcoin

http://falkvinge.net/2011/05/29/why-...-into-bitcoin/

The short answer is. 

Bitcoins is a new, type of currency never before seen. 
There are no single country behind the currency. Its "owned" by the users. 

Its a Peer 2 peer crypto currency.

That allows anyone to trade across the world in seconds without any banks.

Its not as he says completly anonymous but it makes it easier to trade anonymous over the world.

Since last year it has increased a thousand fold in value! 
And he believes it will increase yet a thousand fold.

When he wrote the article around 1.5 weeks ago it was at $8 now its around $30.

I have been studying bitcoins last two weeks.

Here are some interesting posts from the bitcoin forum.
Quote:



We had a 62% increase in the past week ($8.65 to $13.80).
62% growth in one week leads to some absurd numbers in a relatively short time frame:

6/10- $22.35 (1 week)
6/17- $36.21 (2 weeks)
7/1- $95.04 (4 weeks)
7/29- $654.63 (8 weeks)
8/26- $4,508.78 (12 weeks)
10/21- $213,884.53 (20 weeks)

So, a little more than 4 weeks to $100. Around 9 weeks for $1000.


Its probably not likely to grow that fast but even if the value increase rate is slower...


[size]
However its now june 9th and its allready at $31. And still far from generally accepted or very known.

Quote:
[/size]



If Bitcoin was as universally accepted as gold and overvalue to the same extent it would be worth around 1.5 to 2 million USD per coin.


[size]
And he is probably right but thats one huge if.

Ofcourse at this time its a risky investment since it can get banned, could fail
and there could come another crypto currency.

But it could also be a once in a lifetime thing. Like being able to invest in google the early days.

Though its likely that the more bitcoins get established the less likley for another cryptocurrency to take over?

And even if it got banned it would probably continue as a blackmarket currency though it would affect the value.

However its not completly anonymous.

One of the best bitcoin features on TV in which one of the coders says they are speaking with the US government about those things.

http://www.cbsnews.com/8301-504943_1...-10391715.html


A map of some? of the bitcoin nodes.
Its all over the world, quite interesting to watch the map grow every day, dont miss to zoom in.

http://maps.google.com/maps?q=https:...ts/bitcoin.kml


However, dont invest your life savings into it! 
Who knows what will happen. Everyone could panik. 
But it sure will be very interesting to follow.

And yes, I´m ofcourse on the trend.[/size]

dialaroom06-09-2011 08:51 PM




Don't need to check whois for bitcoin.tel do I cees?

mikeseaton06-09-2011 11:38 PM




Quote:



Originally Posted by dialaroom (Post 15204)
Don't need to check whois for bitcoin.tel do I cees?


[size]
Yes I also checked out BitCoin.tel and BitCoins.tel

Well done Cees, not a bad punt for just $20!

Mike Seaton

PS. If you want buyers to contact you don't forget to change the WhoIs to Legal/Publish from the Name.com default of Natural/Hide.[/size]

Cees06-10-2011 07:44 AM




Thanks Mike & Steve,

I was pleased and surprised to get both, I'm not sure at this stage how best to monetize them but I'm sure with the increase in the value of bitcoin currency itself, my investment should also get a lift.

Simon G04-11-2013 12:50 PM




Cee's I can remember reading this and thinking woah very dodgy. Did you take put any money in? If so congrats hope you managed to shift a wee bit yesterday. Quite insane watching from the sidelines

Blunderer04-11-2013 02:30 PM




So how do you get your money out?

supercyberheroes04-11-2013 04:45 PM




Amazon will lunch amazon coin on the 25th of this month, but people will start using it next month
http://news.cnet.com/8301-1023_3-575...se-my-hackles/ or read here too: http://www.economist.com/blogs/democ...-virtual-world

Regards

http://ideal.tel
http://movie.tel

boracay.tel04-12-2013 12:35 AM




The winkle bros say it's like gold, they keep it in a safe at a big bank, on a flash drive!
Say it Can still be stolen...by hackers.
Nice one cees

dutchstreetdog04-12-2013 08:56 AM




Yearrrrr Cees that Will bey your ticket to the tropic

Cees04-12-2013 11:10 AM




Quote:



Originally Posted by Simon G (Post 26929)
Cee's I can remember reading this and thinking woah very dodgy. Did you take put any money in? If so congrats hope you managed to shift a wee bit yesterday. Quite insane watching from the sidelines


[size]
I have no investment in BitCoin apart from the Telnames, it's been and will continue to be a wild ride, my interest is in leveraging the names.
More about that later.[/size]

Cees04-12-2013 11:14 AM




Quote:



Originally Posted by dutchstreetdog (Post 26933)
Yearrrrr Cees that Will bey your ticket to the tropic


[size]
Yeh Dutch I'll be able to visit Boracay:)

Mind you with the way Climate change is going I can stay put as the climate in Sydney is expected to be like Brisbane soon![/size]

dutchstreetdog04-12-2013 07:23 PM




O okey
Well boracay is waiting for us
Who nows what the future Will bring :-)

Blunderer04-13-2013 04:02 PM




http://www.bbc.co.uk/news/technology-22120833

    Current date/time is Thu 21 Sep 2017, 3:03 am