Congrats to Bitcoin for passing $100USD mark

April 1, 2013 at 15:40:35
Specs: Linux i686 Ubuntu 12.04LTS, 2GB
The experts said it was worth nothing, and that it would soon be gone.
It made it to $106 last night :) I dont think its going to vanish any time soon :)
Go Bitcoin!!

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#1
April 1, 2013 at 16:04:14
Question: How much electricity did you spend on making that $106?

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#2
April 1, 2013 at 16:19:13
Not much at all, I dont bother mining. I was given 0.02btc, 0.5btc two weeks ago for free and have made a tidy nest egg, with bugger all work or cost. In fact I had fun making it.
If I was looking to mine I would go Litecoins.

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#3
April 4, 2013 at 09:10:58
How soon, do you think, before a Bitcoin/Litecoin bubble? One would think these would be inflationary by their very nature.

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#4
April 4, 2013 at 13:21:29
I don't think there will be a big bubble like last time, now that the world banks are talking of confiscating from our very own personal life savings. (Which is stealing)
Take Goldman & Sachs two tax payer bailouts and huge performance bonuses all in 12 months? Which they don't pay back? :( (Which is stealing)
So as big businesses continue to join bitcoin, and the public get scared of bankster criminals stealing our paper money bitcoin will become more stable. And could avoid the bubble exploding any time soon.

Yes it will be inflationary by nature, but more controlled. Unlike the USD I can't go to my pc and make loads of coin out of thin air too rig inflation in the "banks" favour. Because with bitcoin, I am my own bank and coin is made at a set rate.

When it comes down to it all money is not real, whether its paper or digital. Its only real when we the public believe its real, and bitcoins are real.

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#5
April 9, 2013 at 17:54:02
Congrats on Bitcoin for hitting the $200USD mark. (The high as of the time I posted this $240USD)

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#6
April 11, 2013 at 10:04:00
Advocates describe Bitcoin as the foundation stone of a Utopian economy: no borders, no change fees, no closing hours, and no one to tell you what you can and can't do with your money. Just days ago the total value of bitcoins in circulation hit $2 billion, up from a tiny fraction of that last year. But late Wednesday, Bitcoin crashed, shedding more than 60 percent of its value in the space of a few hours before recouping some of its losses. Critics say the roller coaster currency movements are just another sign that Bitcoin is a bubble waiting to burst.

From the following article:

http://www.mail.com/int/entertainme...

It matters not how straight the gate,
How charged with punishments the scroll,
I am the master of my fate;
I am the captain of my soul.

***William Henley***


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#7
April 11, 2013 at 14:15:35
No worries sold mine at $240USD each, only paid $40USD for them :)
And as for the crash, two weeks ago people were amazed at $140USD each for them and its sitting around that price now. So its not a worry ;) Im hoping it goes right down to $20 each, fingers crossed.
Interesting link thanx for that. ($2billion in trade means people are using bitcoins so its not going to disappear any time soon.)

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