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

[Brent Allsop]

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





















On Thu, Nov 7, 2013 at 8:15 AM, spike <spike66 at att.net> wrote:

>
>
>
>
> *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?
>
>
>
>
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> 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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