Every time I read that story all I can think is "you poor poor bastard".
It's not surprising that bitcoin started increasing when the stock market crashed. Money from stocks got switched to bitcoin. It's going to be similar to gold and other precious metals. Bitcoin will be a speculative investment considered an alternative to stocks.
Bitcoin crashed when the market did and has been increasing since (as the market has) but also due to the halvening. It's supposed safe haven status didn''t bea out this year, the new safe havens are stocks like AAPL
You could have that much if you had bought those bitcoins at the time for $42. You literally screwed up just as badly as he did.
I guess this depends on your definition of taking off. As an instrument for unregulated speculative investing or black market assets transfer? It's hard to argue that it hasn't taken off.
Does putting those things on an HDMI actually speed up the card computation? I was under the impression that those HDMI terminators are only used for eGPUs, when you want to trick the eGPU into reverting the image back into laptop's internal monitor. That's why I bought one anyway, but ended up not needing it.
Imo I'd say maybe buy 1 and then leave it and forget you bought it because it's going to be a really jumpy time for this stuff right now.
Maybe in the early years, but I don't think that's a common belief now. It didn't happen, it's not going to happen, but it's now here to stay as a speculative investment. Bitcoin and other cryptocurrency will continue to exist as investment options only and any high hopes of it becoming an economy standard is highly unlikely.
www.youtube.com
Why would anyone want to spend a bitcoin when it's price fluctuates so wildly. Might as well keep it and sell it when it gets to an absurd price
The ability to regulate the amount of money in the economy is much better than being tied to a commodity whose amount in the market is semi fixed (or cannot be directly influenced). There is a reason all economies dropped the gold standard and moved to fiat currencies.
The main problem of bitcoing is that no central bank or state (aka the ones that actually have power) will let it happen unless controlled by the state. The control of a currency is much more powerful than many of you realize. Libra ended when the US government just made a bad face and showed the stick. It would happen for anyone else.
The US and EU didnt just reject Libra due to Facebook reputation. As I said, one of the core things was giving up currency control which is a very powerful tool to outsiders for no apparent gain. Less hated companies will also find really tough positions because of that.
I am not saying a bitcoing wouldnt exist, but that it would be state backed instead of corporation backed. I agree that a stablecoin (which is but a pipedream in the current speculation / very bloated bitcoin markets) would be great for a ton of people in lower wealth spectrum.
wtfhappenedin1971.com
Of what? Like the bitcoin network itself, so it's like a self sustaining system?
There is a reason why the gold standard was dropped by the US (and why the gold standar by itself was in a dead row since WW1) and why it is never coming back. It was not elastic enough and having your economy fixed to something that was as fixed as gold is just non tennable when you quickly need to play with your currency.WTF Happened In 1971?
"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." - F.A. Hayek 1984
Nixon removed the gold standard, was supposed to be temporary. Not all economies dropped it, all of them were indexed on the US dollar who was itself backed by gold. So of course the other had to follow.
Miners also get fees from the transactions, so there's always an incentive to participate and monitor, but the economical model of the network will certainly adapt as the rewards get smaller and smaller.
Get rich quick with this one trick big banks doesn't want you to know!
For all the times that that happened, there are others where you would ended losing.Thinking that way is not better than going "If I only had bet on the Nationals at the beginning of the Season!" It is technically true, but you took on all such opportunities, mathematically you would end losing.
