Bitcoin to hit $1 billion/BTC by August

The economists have spoken. There is no more refuting it. Soon Europe will switch to bitcoin completely after the Euro hits hyperinflation and the US has announced that they will soon accept payment of taxes in BTC. Russia has nothing that anyone wants to buy, so they are irrelevant, but Japan has promised to start selling Touhou sex dolls and hentai in BTC as well. According to OPEC, all oil trades will be switching to BTC as well.

Why haven't you taken out a mortgage and spent your life savings on bitcoin yet?

Ask someone using a real currency why they use it and they'll tell you they can buy goods or services with it. Ask a bitcoin shill why they use their currency and they respond with giant walls of meaningless technobabble about cryptography and conspiracy theories which still don't change the fact that you can't buy groceries with bitcoins.

check 'em

Bitcoin is the mark of the devil. It clearly says in the bible that the NWO will require their mark to buy anything. ZOG plans to force a change in the protocol that only allows the UN to issue new addresses, and they will have a permanent log of absolutely everything that goes on. The reptilians have already broken all encryption, so if they want, the Jews (their thralls) can crack your private key and take your bitcoins at will. But that won't be necessary, because the NSA will issue everyone an RSA key thing that serves as a BTC wallet and as ID. They will not allow anyone to buy or sell without that key and an entry in the blockchain. Anyone who uses bitcoin is worshiping Satan and hates freedom.

[quote]Japan has promised to start selling Touhou sex dolls and hentai in BTC[/quote]
Not just that - they will replace the yen and become the national currency when SHTF

Check these sweet dubs

>>5
that's not how you quote

Aw shwitz!

Holy hot cocks, MtGox just announced that they are buying the NYSE and Nasdaq!

>>4
The so-called Genesis Block actually have a collision with some salt + 666

Desperate for dubs

Bitcoin is going to hit big when more and more companies switch over to microtransactions. Consider: instead of having ads, your browser just sends 0.000012462678 mBTC to the site and you can load it in eight hours after it has six confirmations. This would be even better for stopping spam email: every time you send an email, you have to pass along 0.00163735 mBTC or else it is instantly bounced. It gives an incentive to run email relays and limits the amount of spam that a spammer can send.

>>12
I'd much rather wait eight hours than see an ad!

>>13
I would willingly wait eight hours just to see an ad!

>>1 lol isn't that a little optimistic?

>>12
Good think moot's not around to hear this. He'd start charging by the post if he could use his very small, very Jewish brain to figure out how to get people to accept it.

Just wait, when someone finds a way to get around ReCAPTCHA it'll cost to post and maybe even browse.

http://www.walmart.com/associates_only/wordpress/news?q=soon-accepting-bitcoin : "Effective immediately Wal★Mart will be accepting bitcoin in all locations and will open lounges in every store in the world so people can wait until 6 confirms before leaving with their goods. Wal★Mart hopes that this will simplify accounting, as the company only has to deal with one currency worldwide. The company plans to phase payments in local currencies out within 3 to 5 years. Employees will be paid in their local currency for two more weeks, at which point they will receive their wages in bitcoin. Sam Walton could not be reached for comment."

@exxon: "All exxon branded stores are now required to install equipment to accept BTC. (1/2)" "we hope to be accepting BTC within 6 months. (2/2)"

Visa's Facebook: "All new credit card charges will be denominated in bitcoin, and must be paid in bitcoin. Interest on existing debt must be paid in bitcoin as well."

http://www.federalreserve.gov/newsevents/policies/23852345hyj3.htm : "The federal government recognizes the validity of bitcoin and it's superiority over the dollar and all fiat currencies. As such, all new issue United States Treasury Bonds, United States Treasury Bills, United States Treasury Notes, United States Treasury Inflation-Protected Securities, United States HH/H Savings Bonds, United States I Savings Bonds, and United States EE/E Savings Bonds will now be denominated in bitcoin or litecoin. All existing United States Treasury Bonds, United States Treasury Bills, United States Treasury Notes, United States Treasury Inflation-Protected Securities, United States HH/H Savings Bonds, United States I Savings Bonds, and United States EE/E Savings Bonds may be converted to bitcoin through TreasuryDirect.gov ."

Now you CAN buy groceries, gas, debt, and investments with bitcoin!

>>2
Real currency is only as real as the person accepting it. Think about that.

>>18
Nothing is real. Nothing exists; all is a dream. God - man - the world - the sun, the moon, the wilderness of stars - a dream, all a dream; they have no existence. Nothing exists save empty space - and you!

And you are not you - you have no body, no blood, no bones, you are but a thought. I myself have no existence; I am but a dream - your dream, creature of your imagination. In a moment you will have realized this, then you will banish me from your visions and I shall dissolve into the nothingness out of which you made me . . .


I am perishing already - I am failing - I am passing away. In a little while you will be alone in shoreless space, to wander its limitless solitudes without friend or comrade forever - for you will remain a thought, the only existent thought, and by your nature inextinguishable, indestructible. But I, your poor servant, have revealed you to yourself and set you free. Dream other dreams, and better!


Strange! that you should not have suspected years ago - centuries, ages, eons, ago! - for you have existed, companionless, through all the eternities.


Strange, indeed, that you should not have suspected that your universe and its contents were only dreams, visions, fiction! Strange, because they are so frankly and hysterically insane - like all dreams: a God who could make good children as easily as bad, yet preferred to make bad ones; who could have made every one of them happy, yet never made a single happy one; who made them prize their bitter life, yet stingily cut it short; who gave his angels eternal happiness unearned, yet required his other children to earn it; who gave his angels painless lives, yet cursed his other children with biting miseries and maladies of mind and body; who mouths justice and invented hell - mouths mercy and invented hell - mouths Golden Rules, and forgiveness multiplied by seventy times seven, and invented hell; who mouths morals to other people and has none himself; who frowns upon crimes, yet commits them all; who created man without invitation, then tries to shuffle the responsibility for man's acts upon man, instead of honorably placing it where it belongs, upon himself; and finally, with altogether divine obtuseness, invites this poor, abused slave to worship him! . . .


You perceive, now, that these things are all impossible except in a dream. You perceive that they are pure and puerile insanities, the silly creations of an imagination that is not conscious of its freaks - in a word, that they are a dream, and you the maker of it. The dream-marks are all present; you should have recognized them earlier.


It is true, that which I have revealed to you; there is no God, no universe, no human race, no earthly life, no heaven, no hell. It is all a dream - a grotesque and foolish dream. Nothing exists but you. And you are but a thought - a vagrant thought, a useless thought, a homeless thought, wandering forlorn among the empty eternities!

>>4
The reptilians
oh god.

Satoshi Nakamoto is now the richest man on earth.

>>21
nop, but maybe Pirate is

>>12
spammers use other people's infected computers anyways, so that would just be charging other people.

>>23
That's a feature! When people start noticing an actual impact on their wallet ^{_{(get it? "wallet", *snigger*)}}, they will care about not letting their computers get viruses and shit from all those shady fetish porn sites they visit, reducing spam even further.

>>24
99 infected legitimate domains for every infected adult web site
www.theregister.co.uk/2010/06/30/unsafe_surfing/

check 'em

>>25
Whatever faggot. It was just an example of how people do stupid things like download downloadmanager59595_analfuck.mpg.exe and then don't care that they are suddenly selling v1agra. Stop being so autistic.

>>26
HELLA26, dude

>>27
that link doesnt work

>>29
That's a good thing.
It looks to me like it could be a virus or a trojan horse.
I work for Norton btw ;)

>>27
What is >>27 an example of? A forum user grasping at straws to maintain credibility? And what is >>31 an example of?

>>31
Grasp at this! *grabs dick*

>>31
What is >>31 an example of? /polecat kebabs/? And what is >>33 an example of?
Rampant, flagrant homosexuality, in my opinion.

>>31
You're the example of a asshole. You're a ASSHOLE. Fuck you, asshole.

>>2
BTC won't ever replace dollars issued by the government. BTC is the most anonymous and cheap way of transferring money online. People buy a lot of stuff online. BTC (or something like it) could replace Paypal the same way Linux replaced UNIX on servers. For argument's sake, let's say bitcoin is bad, flawed, slow, etc. The cheap bad tends to drive out the expensive good. Bypassing all the lawyers and red tape behind one person transferring a sum of money to a business is a groundbreaking thing.

how does bitcoin compare with chaum's ecash?

>>35
Well, that's a good point.

>>35
>dollars issued by the government

I smell a jew.

>>38
I smell an imageredditor.

Both Reddit and moot are heavily invested in bitcoin. Don't think for a second that their fellow Hebrews would let them fail.

How many buttcoins can you stick up your butt?

>>41
About minus ten quadrillion quadrillion quadrillion coulombs worth for electrons.

>>42
God damn, that's 56,173,568,837,899,932,405,000,000,000,000,000 kilograms worth of electrons! Your anus is quite loose indeed.

dubz0rz

We need a JS miner so that webmasters can forgo ads and mine for the site operator directly.

>>45
Let us suppose JS+CPU is 1/10000 as fast as ASM+GPU. Then you'd need 10k miners to achieve the same efficiency as one GPUfag.
But why not write you're own JS miner and prove the above conjecture wrong.

>>46
Oh and you can't change priority in JS. Enjoy your website hanging and crashing people's computers.

>>46
Who cares? It's not your CPU cycles and electricity you'd be wasting. If it's better than the 0.30 eCPM that google gives, it'd be great. It would also give incentives to make content that was more interesting, to make people stay longer (or at least leave the tab open).

Then again, why even remove ads? Just use it to supplement the income.

>>46-47
This is why Bill invented ActiveX. Native code in the browser.

>>46
GPUs are evil proprietary shit, and BTC encourages them.

So I heard that Intel implementing instructions directly for bitcoin stuff in their next architecture, so everyone will be able to mine at decent speeds. Cudder, can you confirm?

>>51
I can confirm, it is indeed the truth. The license and documentation for the BTC instruction set also costs only $1499 extra, and every GPU is encrypted so that you can't share your own unique key, but it's allright because it mines millions of times faster than anyone else can at the moment.

>>52
Amazing. Try doing that with a shitty fiat currency. Bitcoin is the future, the only future.

>>55
nice dubs bro

It's a pity that no one's adopted my DubCoin protocol.

Bitcoin enthusiasts enjoy rejecting rumors that bitcoin is inherently flawed or a bubble and they may be right to do so, however the majority of potential buyers have more practical concerns and it is they who determine large price swings such as occurred over the past few days.

It is unlikely to reach 1 billion until after a few years even if the potential size of the bitcoin economy would warrant such a price due to lack of investor confidence. It takes time for a market to stabilize and digest price swings and 1 billion is a phenomenal figure requiring daily growth rates in the 15% to 25% range.

I do not believe bitcoin will crash, however since the first major dip on the 3rd of April I believe that bitcoin has run out of prospective buyers and stalled and will act erratically from now on. It is no longer a good investment for me, I sold at 100 believing it to be a psychological barrier and believed waiting for the first major dip was an unnecessary risk, however I am sure many of you have financial considerations beyond currency speculation and you will have to decide for yourselves what is best. If bitcoin surges again over the next few days feel free to lambast me for my error and tell me where I went wrong.

all this is stupidity. why trade bitcoins for dollars? use them as currenty, faggots.

s/currenty/currency/;
s/faggots/super-mega-faggots/;

>>56
How autistic are you that you can't detect sarcasm? This clearly isn't a serious thread. Back to the imageboards, cretin.

>>57
The dollar can be used to make an extremely large variety of other transactions and investments. However unreliable the dollar is as a currency, once invested in a large stable business or a commodity the effects of inflation or instability are largely mitigated. The dollar is a transient medium of exchange and one's capital does not need to stay in this aether long.
>>58
You are a regular potty mouth. You know you could face losing your job if you were caught using such foul language.

>>59
Clearly OP is totally legit. He quoted every single economist in existence.

sage goes in every field

also buttcoins

>>62
Bitcoins nearly quadrupled in value in a month, it is worthy of discussion.

>>63
implied facepalm

>>64
What now? Don't leave me guessing.

I never said the growth would continue forever, it is merely something worth observing and studying to help make better predictions in the future.

>>65
Get a student loan then and invest them in Bitcoins.
Sell all stuff you own and buy as many as you can.

up, uP, UP!

I've got a great idea! A set top box for television that just sends bitcoin to the network in exchange for not sending ads.

How about this guise: a rectal privilege checking device that sends bitcoin to the womyn that you oppress, every time you oppress them, or to general feminist charities if your privilege level merely gets too high.

69get

thread is already getting better

>>56
Where the fuck did this newniggerkike come from and why? > > > / back the fuck plate get the fuck back goes /

>>71
LLLLLLLLEEEEEEEEEEELLLLLLLLLLLLLLLLLLLLLLLLLL
>MUCH MUCH EGIN WIN GRO!!!!
>XDDD

>>72
Thanks lel-gro, may all your wins be egin.

>>66
You cannot ruse me, sir.

>>68
>>>/s4s/

Nuclear cold fusion technology will allow the synthesis of precious metals like gold or silver, making them as worthless fiat money. The Euro is about to collapse and the Dollar is about to die as well, because of peak oil and global warming. China is run by chinks, and they've been devaluing their Yuan by printing like they think their the Fed. They only thing that can't be reproduced is bitcoin.

We will soon enter a worldwide superdepression, and only those who were early adopters of bitcoin will be rich enough to feed themselves. Why haven't you bought thousands of bitcoin yet?

>>76
All of my shaloms, super-mega-kike!

Bitcoin grew almost 300% in a little over a month. If this trend continues, then a single bought now will be worth $61,314,621,696,117.37 in a mere ten years time.

>>78
it'll saturate way before that.

160 USD/BTC

the cryptojews are growing pretty fast

>>80
lol what. I bet some unwashed russian black-hats are behind this.

What I don't understand is why their value doesn't decrease as more and more people start mining them.

>>81
unwashed russian
Pleonasm.

I bought one for $35 about a month ago. I was gonna use it to buy some MDMA but now I think I'll sit on it for a while.

>>82
Because the rate of growth is regulated to decrease over time. It started with a constant growth of 50 coins per 10 minutes with a half life of 4 years, so it's now it's 25 coins. The upper bound is about 21 million.

Wow. I put in an order on Mt.Gox to sell 2 BTC at 170 USD/BTC a couple hours ago (when it was around 158 USD/BTC), thinking it probably wouldn't go through today. Looks like I was wrong!

JEWS

_{check 'em}

>>88
23:14
88 14
SEIG HEIL!

Just three days left, better stock up if you want to be a billionare!