[ExI] What happens when Bitcoin goes to a million bucks?

[Brent Allsop]

Oops, I didn't notice that the coinbase.com referral link wrapped to a
second line, so I failed to get the entire link, which is here:

https://coinbase.com/?r=51709be3194e3316cd000057&utm_campaign=user-referral&src=referral-link




On Thu, Nov 7, 2013 at 9:07 AM, Brent Allsop <brent.allsop at canonizer.com>wrote:

>
> Hi Max,
>
> Currently the best thing for someone in the US to do is open an account
> with Coinbase.com.  Then you need to go through some optional "Know Your
> Customer" (KYC) information providing and such to increase your
> trustworthiness and limits.  You can, and should, set up the optional two
> factor authorization, using the "google authenticator" app on your phone.
> (And it's a good idea to have someone else's phone linked in as a backup.)
> That way, if a virus get's on your computer, and get's your password, they
> won't be able to spend your money without your phone.
>
> Then you need to link your bank checking account up, which is like setting
> up an auto payment on a credit card.  All this takes about a week or so.
> Then you just enter one Bitcoin in the purchase form, and say buy.  It will
> instantly purchase the coin, at the current price, and start the process to
> auto deduct that amount of $$ (including the %1 fee), from your checking
> account. If you hurry, you  might be able to get a coin at below
> $1000/BTC.  This might be the last opportunity for anyone to do this.
>
> And right  now, coinbase.com is offering a referal bonus.  $5 worth of
> bitcoin to you, and $5 worth of bitcoin to me, if you register using this
> link, and purchase at last one Bitcoin.
>
> https://coinbase.com/?r=51709be3194e3316cd000057&utm_campaign=user-
>
> And once you do this, if you give me your new bitcoin address, I'll pay
> this $5 of Bitcoin back to you, so you can see how easy it is to receive
> Bitcoin from Coinbase, and from me.  I'll probably also do this for anyone
> else, if there aren't too many of you.
>
>
> Oh, and for all those that think Bitcoin is nothing more than Tulip bulbs,
> and such, you should try to canonize that view, to see if there are any
> other experts that agree with you, in this  surprising historical open
> survey asking experts what they predict the future value of Bitcoin will be:
>
> http://canonizer.com/topic.asp/154/2
>
> But good luck finding any experts that don't see the obvious difference
> between tulip bulbs and Bitcoin.
>
> Brent Allsop
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> On Thu, Nov 7, 2013 at 8:15 AM, spike <spike66 at att.net> wrote:
>
>>
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>>
>> *From:* extropy-chat-bounces at lists.extropy.org [mailto:
>> extropy-chat-bounces at lists.extropy.org] *On Behalf Of *Omar Rahman
>> *Sent:* Thursday, November 07, 2013 12:09 AM
>> *To:* extropy-chat at lists.extropy.org
>>
>> *Subject:* Re: [ExI] What happens when Bitcoin goes to a million bucks?
>>
>>
>>
>>
>>
>> From: Max More <max at maxmore.com>
>> To: Brent Allsop <brent.allsop at canonizer.com>, ExI chat list
>>                 <extropy-chat at lists.extropy.org
>> >
>>
>> Subject: Re: [ExI] What happens when Bitcoin goes to a million bucks?
>>
>>
>> Brent: You say that "Everyone should have at least one Bitcoin". …--Max
>>
>>
>> >…The main problem with bitcoin is precisely this: it is impossible for
>> everyone to have a bitcoin. The system was designed with an upper limit of
>> 21 million coins available...unless we want to get into 'virtual'
>> bitcoins. ;)
>>
>> …Regards, Omar Rahman
>>
>>
>>
>>
>>
>> Can you buy shares in a bitcoin?  Why can’t we have fractional bitcoins?
>> Can someone with a bitcoin issue currency representing a fraction of that
>> bitcoin?  If I had a bitcoin and I could create a table with a limited and
>> fixed subdivisions, such as the letters A thru Z, then each bitcoin with
>> that number and an alpha would be 1/26 of that coin.  Then if someone owned
>> all 26 suffix letters, she could retire that and create a new closed-ended
>> set of subdivisions, such as cents, so that there are 100 divisions of that
>> coin.  I might plunk down a few bucks for a centi-bitcoin.
>>
>>
>>
>> spike
>>
>> _______________________________________________
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>>
>>
>
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