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Offline Rushy

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Re: Ask Rushy about Bitcoins.
« Reply #480 on: January 22, 2015, 04:39:24 AM »
Bitcoins are worth only $200 a pop now. Buy 'em up while they're cheap! Or expensive. Depends on the future I guess.

Also, how does this thread have so many views?

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Offline jroa

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Re: Ask Rushy about Bitcoins.
« Reply #481 on: January 22, 2015, 05:49:31 AM »
At the rate they are falling, I would have lost what, 80% of my investment if I would have bought them around 6 or 8 months ago?  Does not sound very stable to me.

Ghost of V

Re: Ask Rushy about Bitcoins.
« Reply #482 on: January 22, 2015, 06:09:49 AM »
I'll buy when they're at $1 a coin.

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Offline Rama Set

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Re: Ask Rushy about Bitcoins.
« Reply #483 on: January 22, 2015, 12:56:06 PM »
Bitcoins are worth only $200 a pop now. Buy 'em up while they're cheap! Or expensive. Depends on the future I guess.

Also, how does this thread have so many views?

I think people are expecting a Rush Limbaugh AMA
FE'ism requires suspension of disbelief...

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Offline Rushy

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Re: Ask Rushy about Bitcoins.
« Reply #484 on: May 08, 2017, 11:22:20 PM »
Bitcoins are worth only $200 a pop now. Buy 'em up while they're cheap! Or expensive. Depends on the future I guess.

Bitcoin is now worth $1700 a piece. It turns out the answer was definitely "cheap."


Re: Ask Rushy about Bitcoins.
« Reply #485 on: May 15, 2017, 02:25:43 AM »
Who is right in the bitcoin civil war? /r/bitcoin or the other one
You don't think I'm going to post here sober, do you?  ???

I have embraced my Benny Franko side. I'm sleazy.

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Offline Rushy

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Re: Ask Rushy about Bitcoins.
« Reply #486 on: May 15, 2017, 05:25:15 AM »
Who is right in the bitcoin civil war? /r/bitcoin or the other one

I have no idea I unsubscribed from bitcoin related subreddits years ago.

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Offline Sean

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Re: Ask Rushy about Bitcoins.
« Reply #487 on: May 15, 2017, 07:18:35 PM »
how much worth of bitcoin do you have in USD
Quote from: sandokhan
You are rushying to unwarranted conclusions

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Offline Rushy

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Re: Ask Rushy about Bitcoins.
« Reply #488 on: May 15, 2017, 07:43:38 PM »
how much worth of bitcoin do you have in USD

Well after an arduous addition of all my assets I've come to the rough estimate of $0.

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Online Boots

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Re: Ask Rushy about Bitcoins.
« Reply #489 on: May 16, 2017, 12:31:36 AM »
Should I buy some bitcoin? If I do what is the best way to go about it? I could just google it but I might get scammed.
Where the senses fail us, reason must step in. - Galileo Galilei

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Offline Rushy

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Re: Ask Rushy about Bitcoins.
« Reply #490 on: May 16, 2017, 02:28:26 AM »
Should I buy some bitcoin? If I do what is the best way to go about it? I could just google it but I might get scammed.

The easiest to use in my experience is Coinbase. I've heard good things about GDAX too.

If you buy bitcoin prepared to lose all of it, as in literally all of it. View it less as free money, and more like you're throwing you're money into a black hole and hoping the Void Gods send you something back.

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Online Boots

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Re: Ask Rushy about Bitcoins.
« Reply #491 on: May 16, 2017, 04:54:53 AM »
Should I buy some bitcoin? If I do what is the best way to go about it? I could just google it but I might get scammed.

The easiest to use in my experience is Coinbase. I've heard good things about GDAX too.

If you buy bitcoin prepared to lose all of it, as in literally all of it. View it less as free money, and more like you're throwing you're money into a black hole and hoping the Void Gods send you something back.

Thnx. I guess I might try some but I won't put all my eggs in the bitcoin basket.
« Last Edit: May 16, 2017, 02:06:51 PM by Boots »
Where the senses fail us, reason must step in. - Galileo Galilei

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Offline Hollocron

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Re: Ask Rushy about Bitcoins.
« Reply #492 on: May 28, 2017, 01:47:42 AM »
Should I buy some bitcoin? If I do what is the best way to go about it? I could just google it but I might get scammed.

The easiest to use in my experience is Coinbase. I've heard good things about GDAX too.

If you buy bitcoin prepared to lose all of it, as in literally all of it. View it less as free money, and more like you're throwing you're money into a black hole and hoping the Void Gods send you something back.

Thnx. I guess I might try some but I won't put all my eggs in the bitcoin basket.

You may as well just buy Google shares at this point. It would be safer. And cheaper.

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Online Boots

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Re: Ask Rushy about Bitcoins.
« Reply #493 on: May 28, 2017, 01:55:39 AM »
Should I buy some bitcoin? If I do what is the best way to go about it? I could just google it but I might get scammed.

The easiest to use in my experience is Coinbase. I've heard good things about GDAX too.

If you buy bitcoin prepared to lose all of it, as in literally all of it. View it less as free money, and more like you're throwing you're money into a black hole and hoping the Void Gods send you something back.

Thnx. I guess I might try some but I won't put all my eggs in the bitcoin basket.

You may as well just buy Google shares at this point. It would be safer. And cheaper.
Where the senses fail us, reason must step in. - Galileo Galilei

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Offline Sean

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Re: Ask Rushy about Bitcoins.
« Reply #494 on: May 28, 2017, 05:31:45 AM »
Can you buy like half a bitcoin or you gotta get ghee whole thing
Quote from: sandokhan
You are rushying to unwarranted conclusions

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Offline junker

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Re: Ask Rushy about Bitcoins.
« Reply #495 on: May 28, 2017, 01:40:45 PM »
Can you buy like half a bitcoin or you gotta get ghee whole thing
You can buy fractions of Bitcoin.
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Offline Sean

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Re: Ask Rushy about Bitcoins.
« Reply #496 on: May 28, 2017, 07:40:12 PM »
Cool
Quote from: sandokhan
You are rushying to unwarranted conclusions

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Offline Hollocron

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Re: Ask Rushy about Bitcoins.
« Reply #497 on: June 11, 2017, 07:36:35 PM »
What's another good cryptocurrency to invest in? Because fuck mining, I'd rather play games.

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Offline Rushy

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Re: Ask Rushy about Bitcoins.
« Reply #498 on: June 14, 2017, 01:10:12 AM »
What's another good cryptocurrency to invest in? Because fuck mining, I'd rather play games.

Ethereum is doing well right now but I'm wary of it. It's inflation rate is 400% higher than Bitcoin and it's only just seen a large price increase from ~$10 to now ~$400 in the past two months.

Bitcoin is an interesting investment right now, but it's fast approaching a technical hurdle. On August 1st, the majority of Bitcoin nodes will hard fork the chain to integrate a new "space saving" feature called SegWit that will allow more transactions to occur in every block. However, many Bitcoin miners don't support this decision, and if they don't follow the new chain, Bitcoin could collapse in on itself and split off into multiple variations (some using the new version, some staying on the old). The BTC price is being mauled by uncertainty of the future.

Another coin you could look into is Stratis. Basically the same as Ethereum, but codes in C# and .Net instead of C++ and Solidity. The former two are more common languages in modern development circles, so it's an attempt to become prominent by using popular languages.

Siacoin is also interesting, but I'm pretty iffy on the usecase. It could far too easily run into scaling issues.

Monero is another fascinating project that aims to make the transactions perfectly private (as opposed to Bitcoin/Ethereum, where the chained transactions are always public knowledge).

Those are the current ones of the top of my head that aren't just cloned shitcoins (people taking someone's source code and then replacing the name of the coin). e.g. I copy Bitcoin into Rushycoin.
« Last Edit: June 14, 2017, 01:16:34 AM by Rushy »

Re: Ask Rushy about Bitcoins.
« Reply #499 on: July 13, 2017, 02:10:15 PM »
  • Because Bitcoin is made to limit itself to 21 million total coins, coin loss is greater than zero, and demand is increasing faster than coins are being produced, Bitcoin is pretty much doomed to be permanently deflationary. If I own Bitcoins, why would I be eager to spend them if I know that they pretty much constantly increase in value right now? What value does Bitcoin have if it's now being used as a currency because of this pressure to save them?
  • The blockchain is ever growing in size. If Bitcoin is going to survive for decades, how do we address the issue of the blockchain size? If Bitcoin were suddenly the size of Visa, how would it manage transactions?
  • If I want to make an anonymous purchase, how is Bitcoin better than cash in most cases?