How the Winklevoss Twins Found Vindication in a Bitcoin Fortune

Post by [deleted] » Wed, Dec 20, 2017, 5:26 AM UTC

joering2 wrote: post #225

ce4 wrote: post #141

Earlier quoted context omitted.

Bitcoin has >200k [1] unconfirmed transactions in the mempool, summing up 4.3m us$ of fees alone. fee to get your transaction into the next block is around 22$ [2] right now. Starting to look less and lesser like a currency, becoming more and more a security. edit add links: [1] https://blockchain.info/unconfirmed-transactions [2]: https://bitcoinfees.earn.com/

That still boggles my mind. I thought the whole idea was to remove middle man that not only authorize (or not transaction) but also charge hefty fees? I was told for long time it is free to buy or sell with bitcoin. What am I missing?

Post by oh_sigh » Wed, Dec 20, 2017, 5:28 AM UTC

captainbeardo wrote: post #90

relics443 wrote: post #77

Earlier quoted context omitted.

True, but someone with an end stage terminal illness shouldn't buy a car.

I'd say that's the best to buy a lambo.

Post by relics443 » Wed, Dec 20, 2017, 5:40 AM UTC

relics443 wrote: post #77

dingdongding wrote: post #36

Earlier quoted context omitted.

> Everyone and their uncle knows a crash is coming A crash is always coming. Be it stock market or bitcoin. Everyone knows that but nobody knows when. It is just like saying we all are gonna die. Nobody knows when.

True, but someone with an end stage terminal illness shouldn't buy a car.

Post by tim333 » Wed, Dec 20, 2017, 5:54 AM UTC

TheBiv wrote: post #3

>> They said they might look at selling when the value of all the Bitcoin in circulation approaches the value of all gold in the world — some $7 trillion or $8 trillion compared with the $310 billion value of all Bitcoin on Tuesday — given that they think Bitcoin is set to replace gold as a rare commodity. But then Tyler Winklevoss questioned even that, pointing out the ways that he believes Bitcoin is better than go…

Post by erikpukinskis » Wed, Dec 20, 2017, 6:35 AM UTC

fastball wrote: post #97

jstanley wrote: post #72

Earlier quoted context omitted.

And what's that got to do with bitcoin? If you're going to assert that gold can't go to $0 and imply that bitcoin can, you need to also give a good reason why bitcoin can go to $0.

At one point in time, Bitcoin was worthless. Therefore it is provable that it can be worthless. At no point in history has gold been worthless. As far as you and I know, gold has had worth as long as society has had the capability to get it.