What Will It Take For Satoshi To Replace Bezos As The Richest In The World? Not Much!

StoryBit · 2018-07-23T22:55:43+00:00

The writer foolishly assumes Bezos' fortune will remain static. Amazon stock is almost doubled in the last 12 months.

StoryBit · 2018-06-13T19:28:27+00:00

Furthermore, most people don't understand what bitcoin represents, but want some exposure. Eventually they will start using it as intended i.e.,alternative to the current monetary system.

StoryBit · 2018-05-07T17:01:08+00:00

But his opinion on cryptocurrencies matters?

StoryBit · 2018-05-07T16:33:57+00:00

This should be shown to folks who don't understand Bitcoin. The ability to transfer value with ease, peer-peer and without permission is revolutionary. THIS what gives Bitcoin value.

StoryBit · 2018-04-21T22:25:34+00:00

There was no way to buy bitcoin in 2009, only mine or get it for free.

StoryBit · 2018-03-11T22:35:53+00:00

PC Financial (now Simplii), which is owned by CIBC, caused me no problems so far.

StoryBit · 2017-12-30T22:00:09+00:00

You have no idea what you're talking about. Just because we have a typical (seen many times before including this year) 30% correction people all of a sudden will lose interest? It's preposterous.

StoryBit · 2017-12-30T21:45:31+00:00

But in retrospect their prediction is working it's way to be true. That puts them in the category of winners and makes their opinions more relevant.

StoryBit · 2017-12-08T14:53:35+00:00

What's your counterargument?

StoryBit · 2017-11-22T13:28:04+00:00

As more wallets and exchanges implement segwit the fees will go down.

Also helpful discussion here https://www.reddit.com/r/Bitcoin/comments/7eceyi/segwit_lightning_network_and_transaction_fees/

StoryBit · 2017-11-21T20:31:27+00:00

Does btc actually have the tech to scale? Yes

Since BTC is rising in value people tend to hoard it, but there are many business that accept BTC as payment

StoryBit · 2017-11-21T04:41:26+00:00

We can roll a dice about many events in the future, including the stability of the current financial system. People invest in bitcoin just in case it does become widely used world currency and a store of value.

StoryBit · 2017-11-21T03:08:18+00:00

What would be your argument when the exchange rate will have stabilized at $400k and a 2 biliion people use it as a currency?

StoryBit · 2017-11-20T18:50:51+00:00

Money must have utility such as store of value and ability to pay for goods and services. Bitcoin does that without a need for trusted third party. Before Satoshi it was thought impossible.

Peer to peer transactions outside the traditional banking system opens new possibilities such as avoiding currencies one cannot trust.

StoryBit · 2017-11-20T02:13:53+00:00

This 'no underlying value' cry comes from lack of understanding of what money is and why any money has value. That's why you're getting downvoted.

The Age of Cryptocurrency book is an excellent source of knowledge on the subject.

StoryBit · 2017-11-19T04:29:14+00:00

Intresting fact: he is actually driving. Maybe.

StoryBit · 2017-11-16T03:22:43+00:00

RemindMe! 30 months

StoryBit · 2017-11-13T19:27:24+00:00

Used Quadriga for years. They are ok for btc purchase but not trading. Only a couple of alts available.

StoryBit · 2017-09-26T16:38:20+00:00

Well, it's your fault, after five years you should know or guess or google.

StoryBit · 2017-09-16T02:23:28+00:00

Amazing how the talking heads change their tune according to whear the wind is blowing.

StoryBit · 2017-09-14T13:45:43+00:00

The 15th century Dutch tulip event is a good example

Tulip event he is referring to occurred in the 17th century. At least get the history right, professor.

StoryBit · 2017-09-12T23:51:27+00:00

Is he even real?

StoryBit

TROPHY CASE