Max Keiser: “If every French person converted 20% of their bank deposits into #Bitcoin (and got a Bitcoin debit card to use for day-2-day stuff), French banks and the government would collapse and a lot of bloodshed could be avoided.”

Max Keiser: "If every French person converted 20% of their bank deposits into #Bitcoin (and got a Bitcoin debit card to use for day-2-day stuff), French banks and the government would collapse and a lot of bloodshed could be avoided." submitted by /u/herrduarte
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Bitcoin – The Currency of the Internet

Nothing special. Just Satoshi Nakamoto casually forecasting what a stupid idea Bcash would be in 2010…

"If the second version screwed up, the user experience would reflect badly on both, although it would at least reinforce to users the importance of staying with the official version. If someone was getting ready to fork a second version, I would have to air a lot of disclaimers about the risks of using a minority version. This is a design where the majority version wins if there's any disagreement, and that can be pretty ugly for the minority version[…]."

https://bitcointalk.org/index.php?topic=195.msg1611#msg1611

submitted by /u/pavelos030
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Bitcoin – The Currency of the Internet

It would be impossible for every Fidelity brokerage customer to own even one Bitcoin. This is why Bitcoins are worth thousands of dollars, while a dollar is only worth one dollar (and only until next year when when it’s worth 97 cents). – Erik Voorhees

It would be impossible for every Fidelity brokerage customer to own even one Bitcoin. This is why Bitcoins are worth thousands of dollars, while a dollar is only worth one dollar (and only until next year when when it's worth 97 cents). - Erik Voorhees submitted by /u/Fly115
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Bitcoin – The Currency of the Internet

AA points out: ‘wallet’ was a poor choice of word, ‘keychain’ would be better.

Andreas Antonopoulos points out how, in the early days, certain terms like "coin" and "wallet" were selected in an apparent attempt to make it easier for people to understand, but some of these terms have ended up causing a lot of confusion.

For example, our "coins" are not stored in our "wallets". lol You can't just copy your physical wallet (the one in your pocket or handbag). You can go to a hardware store and copy a key (or ring full of keys), and both keys will open the same locks. It's important to protect our keys, and to have an emergency back up copy stored in a secure, but separate location.

submitted by /u/DelfinGuy
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Bitcoin – The Currency of the Internet