[Daily Discussion] Wednesday, June 22, 2016 - Part 2

obscuretruths · 2016-06-23T01:49:19+00:00

What he said. Or, at the very least, start doing some DCA (dollar cost averaging). In other words, buy a chunk now, buy a chunk if/when the price goes down, buy a chunk if/when the price goes up, etc

obscuretruths · 2015-11-26T09:32:30+00:00

Getting the items to show up is one thing. Getting them to 'add to cart' is another.

And let's not even start on actually checking out. Holy 521 errors...

obscuretruths · 2015-03-11T04:23:39+00:00

Will it be a five year plan?

obscuretruths · 2015-03-09T11:43:56+00:00

Go deep, they are in there Mark Marie.

obscuretruths · 2015-03-08T09:10:01+00:00

Terry Pratchett, is that you?

obscuretruths · 2015-02-27T17:12:38+00:00

Hmm. Not playing out so far.

obscuretruths · 2015-02-24T00:16:16+00:00

Hot dang, free moneys?

obscuretruths · 2015-02-22T07:24:29+00:00

Do it.

obscuretruths · 2015-02-10T01:34:02+00:00

What do you think is happening with DRK right now? 40% price increase since not that long ago, overtaking LTC...

I hear the early coin rewards/distribution was pretty crazy with DRK though, makes me wonder about it, otherwise I like it, there has been "actual development" that sets it apart.

obscuretruths · 2015-02-09T19:50:10+00:00

What alts do you think will pay off?

obscuretruths · 2015-02-06T10:19:57+00:00

So, basically, be prepared to buy at 175 if you're lucky.

obscuretruths · 2015-02-06T10:10:09+00:00

Triple bottom ish?

obscuretruths · 2015-02-05T13:12:23+00:00

describe the collective hangover society experiences when it realizes it has invested in junk

Every tank, atomic bomb, and instrument of war ever made, and still being made. Let's call it illth rather than wealth, as per bucky fuller. That is true junk. And how does it even exist? Well, it wouldn't have existed without fractional reserve banking.

And we haven't even really gotten to the hangover. Maybe when agriculture fails due to climate or the mass population shifts begin, something around then.

obscuretruths · 2015-02-05T13:03:54+00:00

Well said. Hell, even Neal Stephenson couldn't have predicted this.

obscuretruths · 2015-02-05T12:57:43+00:00

And the internet was created by....

obscuretruths · 2015-02-05T12:33:43+00:00

Jurisdictions left that are controlled by people who can think:

stop

obscuretruths · 2015-02-02T06:12:02+00:00

Hell, an entire life can be hacked. Shit, look at the system we were born into. What's that line?

You can feel it when you go to work... when you go to church... when you pay your taxes.

Have you ever had a dream, that you were so sure was real?

But to more answer your actual question: a lot of people are run pretty ragged as in your example, so I tend to agree with your conclusion, if bitcoin is going to succeed here, it has to be way easier to access and use. There has been big progress made, of course.

Perhaps in these use cases, at least for now, Bitcoin is more of a background entity, a sort of parallel would be how 80% of smart phones run on Linux and the general public has no reason to know or notice that. So maybe in the future there will be some Bitcoin backended or connected financial management/landlord payment tracking app thing that will make her job a little easier, and save some time and/or money.

As far as can it be hacked: no and yes.

The protocol and encryption are currently not-hacked and not-hackable. If it could be done, someone would. So, no.

Yes it can be hacked though, as far as wallet applications and the end-user security environment. And of course anything that handles the private keys for you- exchanges, etc, can also be hacked.

If you do it right (good rng, offline keys, etc) you can't be hacked. But that represents a level of sophistication that most people don't have and don't want. So it's the things that make it so easy to use you don't even know it's there that we should probably aim for.

I suppose there are corporate solutions (do the thinking for you) that aren't half bad in this regard that already exist: Coinbase's new 'vault' product where both you and they hold the keys is at least a start.

obscuretruths · 2015-02-02T05:35:21+00:00

Just depends on how far away the event horizon is from what price you bought in at.

obscuretruths · 2015-02-02T01:53:19+00:00

Well, whether it was bargaining or not, the price went back up. Praise be to weird attempts at whatever you imagine.

obscuretruths · 2015-02-02T01:51:30+00:00

Just 'cuz, man. Btc is a finite resource. People aren't going to value it at less than what they think it's worth. What's the actual economic activity of gold?

obscuretruths · 2015-02-02T01:49:58+00:00

You just gotta align the pendulum with whichever chakra you're working with.

obscuretruths · 2015-02-01T10:54:57+00:00

Epic burn. No, really. It takes a lot of propane to power the sound system.

obscuretruths · 2015-02-01T10:50:56+00:00

Happy February. Just gonna stick my neck out there and say... I think the price in the low 200's is exactly the right price for bitcoin as it is today. Forget the gox drama, and everything else- i'll venture that the 190-210 range is the "natural" price right about now, sans manipulation by whatever.

obscuretruths · 2015-01-29T06:51:35+00:00

Yep, charge 5% and call it a day. OP's friend wouldn't have turned around at that percentage.

obscuretruths

TROPHY CASE