And that something big is not a (slew of) copycat currency with broken features made by a guy who was paid twenty dollars on an internet forum.

You came here looking for human stupidity you could profit from, got called out for it, failed at profiting from it, and looked pretty stupid yourself in the process.

The first time I chose Obama there were over 12 candidates.  He didn't even have 2% backing at the time and was squab,Inge with some old white dude in the parking lot of som grocery store about some stupid stuff.  He was nobody at the time.   But yeah, even 1 in 12 big deal.

There's many more examples.  Just look for trends and there are numbers acting like footprints.  It's odd.  Bankers want digital money more than anything.  The best thing alt coins have going for the is that the state and the banks are behind them.  

Once in a lifetime opportunity.  This can't fail.  Buy coins, sore them, don't sell them.  Just wait for the bitcoin ETF and them give it 2-3 months and prove me wrong.  It won't be much longer, the govt will fast forward it thru as fast as possible.  NFC is ready, ASICS are ready, the network is almost ready, everything is in place. It's gonna start very soon and I think the ETF Will be the spark.

Wow, is that really you or has someone hacked your account? Quick call an ambulance, it sounded like something he typed made sense!

Yes exactly, blockchains are insanely expensive, Ripple and possibly some kind of proof of stake can save millions or billions by not having to give over 100% of the currency to the printers/transmitters.

(Over 100% as in, they get it all when its printed then they get fees every time it is transmitted.)

It is almost insane to be backing coins someone else printed. Like what the fuck, let the printer back it himself, if he refuses to buy it back for close to what he sold it for then don't value the crap he prints because he himself doesn't value it enough to let you return it to manufacturer/printer for refund (minus a slight restocking/handling fee probably).

No one is going to dump at below face value IOUs they plan to honour at face value or above except in certain very limited circumscribed circumstances. all this dumping happens because the printers have no intention of honouring the coins they are printing.

So it makes no sense to pay them to print them, you'd be paying them to print crap or paying them all the wealth with which you plan to back your IOUs for the job of printing your IOUs for you.

The "innovation" the Brits, Canucks, Martians, General Mining Corp, General Retirement Funds etc players came up with was simply to put aside as "reserves" anything they were able to sell their coin for.

Like oh I sold a coin for a dollar, cool. I now have a dollar in my warchest so I can buy a dollars worth of my coin, aka i can back a dollars worth of my coin, aka my currency now is backed by a dollar.

It seems to have worked well for them so far, and saved them millions in miner cost that trying to back coins printed by third party miners would have cost them, bleeding their reserves away because miners dump instead of accumulating all things that they buy with their coins as backing for backing their coins.

-MarkM-

lololno?

Sure, invest in some bitcoins and altcoins. Just don't shit up the place with making innovation-less crap when you don't understand any of the concepts.

Ahahhahahaaa ha.  


A nice hard fork and the gov turns your secure and secret a bitcoin into the dollar only they have full control.

Man, people are so naive.  A digital currency would give the banks and the govt full control over you and everyone.  A hard fork would change the most secure and secret alt coin into their open playground.

So I don't think you know how things work.  You think it's a coincidence bitcoin belongs to no one?  How hard would it be for the president to sign a directive order to hijack bitcoin in name of natnal security and do a hard fork to see what terrorists and drug dealers are doing. Oops, there goes your secretive coin.

Man, people are so naive.  They're gonna let it go secretly cause foolish people like you actually buy into it.  Then when they take it over every privacy you have left will be gone.  You'll pay taxes on the $5 you gave your son to mow your lawn.  Ahahhahahaaa.  Man, its hard to imagine people actually are so blind.

Your post is proof of how you don't understand the revolutionary decentralization and crypto behind bitcoin at all. Wow.

Ever hear of pets.com?  Webvan.com?

Thousands of useless companies that never not one single day turned a single profit yet their values reached into the tens of billions.

And there were thousands or them and they had hundreds or millions and some billions of shares and liquidity and market makers.

The alt coin market has neither.  $1 billion alone would cause a sky rocket of most of all the slt coins out here simply becssue of lack of supply and serious lack of leuquidity.  It took me a full week to buy 120,000 ixCoin, a coin nobody wants and I moved my bid up 6 times.  Why?  No liquidity.  Can you imagine $1 billion and bankers who don't care, they want coins now cash they know in a week another $1 billion from hedge funds is gonna hit?  That's how bubbles are created snd the alt coin market, seeded by Bitcoin is prepped snd ready for a massive bubble that will be supported until people exchange their real cash for virtual cash and then it will crash and you're all gonna cry and ask:  why, why, how could this happen.

Answer:  greed, lack of foresight and human stupidity.

Now the government and the banks own you.  And there's no going back.  Why do you think all of a sudden all the gold bought snd sold had to be reported?  Cause they're gonna come for all the hard assets like they did in 1934, the only money you can have is virtual so they can have total control over you.