Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (136960)	12/1/2017 9:14:38 PM
From: elmatador	Read Replies (1) \| Respond to of 217572

There is no FDIC in Bitcoin. There is no FED in Bitcoin. Once the herds scramble for the doors, there will be no liquidity. we will have thousands of Baidur -the guy who lost his underwear in the dotcom bubble. Remember the oens calling the banker banksters? The ones who got fleeced byt the real estate bubble? They always put the blame elsewhere...

To: Elroy Jetson who wrote (136960)	12/1/2017 9:35:02 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 217572

Aha the problem is using the same word for different meanings. I'm referring to the cost of moving a bitcoin from one person to another, not to the cost of turning it into some other currency. What matters for the success of bitcoin is the cost of sending a bitcoin payment to somebody. If it takes more than seconds or costs too much to do it then people will use something else. When bitcoin first started I decided that it's design is bad because efficiency matters and so does security. If somebody can get hold of the wallet detail they can move the money to themselves. Once it has gone it can't be found and returned. Mqurice