Let’s see if you can get your head around this one.
Bitcoin surged last week in anticipation of the ‘hard fork.’ Everyone scrambled to get a piece of the finite action. Now today, it skyrocketed again on news that this so called ‘hard fork’ was being suspended.
“Our goal has always been a smooth upgrade for Bitcoin,” a group of leaders in bitcoin development told members of the SegWit2x mailing list Wednesday. “Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x.”
As fees rise for bitcoin transactions, the developers said they hoped the digital currency community could find agreement on how to solve the problem. “Until then, we are suspending our plans for the upcoming 2MB upgrade.”
You keeping up? Bitcoiners should fuck themselves.
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Tootsied Rolls are a good, conservative investment. It pays a modest, but sustainable, 1% dividend. When are millennial investors going to wake up and smell the soft chocolaty candied lollipops? This train is incredibly slow moving, which is comforting, so you have lots of time to get on board.
No different than the rigged markets. Surge higher on good news and surge even higher on bad news cuz bad news is very good news in disguise. Very simple. See?
Who has the huevos to buy some 8 thousand dollar bitcoins? 😉
WHat I like about bitcoin is how easy it is to transact and purchase, oh, I dont know, let’s say pizza for $8. Because it’s so easy to remember that yesterday I paid 0.001033592BTC, today i pay 0.001052632 BTC and tomorrow? Fuck, who knows? Prolly 0.000999875BTC. Because it’s so simple to compare, keep track of price movements and one cannot possibly make a dumb mistake and end up paying, i.e. $80 for a stupid pizza. Right?
That’s for the robots to decide.
Would it be so hard to say you paid 3 milli-bitcoins, or 80 nano-bitcoins for something? But I know, the math gets really hard when you have to use more than 2 decimal places.
I’m keeping up: it doesn’t matter. Price? Who cares? They keep buying.