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$100 in #bitcoin in 2010 now worth almost $73 million

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    • By LNN
      Last fall—back when you were chomping on romaine lettuce without a care in the world—bitcoin was busy steamrolling any and all naysayers on its way to a peak near $20,000. But today? The biggest cryptocurrency is wallowing closer to $4,000. Prices have plummeted as even the most bullish crypto investors start to reconsider. So how'd we get here, you ask? Well...
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      Bitcoin was developed to replace the current banking system which has failed most of humankind.
      Its growth is almost exponential and it will soon threaten the US dollar and gold as the International Reserve currency of choice.
      How much longer until the prophecy at Ezekiel 7 is fulfilled where it says:
      19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity. Another version says:
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      Some might ponder whether the rising growth of Bitcoin can be seen as a barometer for the proximity of Armageddon?
       
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      I thought from some previous readings that Craig Wright from Australia was the creator of bitcoin. 
      Others point toward people who used to be a part of bitgold.
      Who do you think Satoshi Nakamoto really was/is?
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      Bitcoin's blockchain distributed ledger has a limit of 7 transactions being written to it per second.
      This is obviously not enough to handle global commerce.
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      I was asked today by a colleague whether it was possible to just create a copy of one of the existing bitcoins and introduce it into the blockchain like any of the other ledger changes.
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      Since there are only 21,000,000 bitcoin in existence and a growing world population doesn’t that allow for some math simulations?
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      Announced today that they are opening a subsidiary that will mine all of the crypto currencies like bitcoin and lite coin. 
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      Is it legal to setup my own currency and then allow people to trade it on my own platform?
      If i just call it a commodity?
      Shouldn’t regulators be protecting the common man instead of implicitly encouraging it by saying “we are watching this”?
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      Market quotes are powered by Hello guest! Please register or sign in (it's free) to view the hidden content. In this final episode of the Keiser Report from Freedom Fest in Las Vegas, Max and Stacy encounter Peter Schiff in the halls of the convention center and challenge him on bitcoin. Max continues his interview with bitcoin entrepreneur Charlie Shrem to discuss the latest drama and innovation in the cryptocurrency space.
       
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      Engineering enthusiasts in Irkutsk, Russia, have transformed a bitcoin miner to a sufficient power generator for private housing, footage filmed Wednesday reveals. 'Cryptohouse' is a new generator that turns the heat produced by bitcoin miners into private heating energy for the monthly cost of USD 430 (EUR 370).
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      This is the question that was just poised to me.
      My answer was..... NEVER borrow money to invest. Rule #1.
       
      Ok... let the debate begin. ;-)
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