Cryptocurrency report "Bitcoin price speculation" by Craig Grant - August 14, 2016
This is the edited version of 2 YouTube videos I uploaded today.
Bright light being in my backyard garden
Let's go for a walk in nature
ILLUMINATI green banana farmer
Relaxing in the Benz
My light is a hologram, and my mind is a quantum computer.
Being now I can see how words program reality, and it's hilarious (hell are we us).
It is those that fear and hate who end up experiencing evil.
In-formation is something taking form (does not have form yet). Now is Real.
My good friends are not afraid to fly close to the Sun, and my best friends can fly through the Sun... Craig :)
Want to read more?, you can purchase my book, released August 7, 2016.
Available on Amazon.com and many other book stores worldwide... Craig :)
https://www.amazon.com/illuminati-i-luminate-Craig-Grant/dp/1320141706/
Follow me @craig-grant, and have fun :)
Dang that sock monkey looks sad. The bananas are just out of his reach. It looks like he's sobbing because he can't get any. Can you give him one in the next pics?
Hahha, a Satoshi Ain't Worth Shit.... lol. Well it isn't right now but if the BTC community could every agree on the block size and get things figure out then it would maybe have a chance in the future to become worth more. I think we are finding out how hard it is for people to come to consensus on things especially when it involves money with Bitcoin and Ethereum.
Catholic Priests ..... just think... and it all becomes clear
Hahah, yeah man. I really got washed out on BTC and crypto all together and never took a position on Etherium because I wasn't in a financial position to do so. If I could only pick 2 coins to be invested in it would be Steem "Power" and Monero
Monero over DASH everytime. It's my #2 also.
Ya that makes since. If only there were people that realized your point
99% of people do realize my point, and that's easily proven by asking average everyday people what they think about bitcoin
Damn Craig, your tag broken lmao... Would love to read your book but $43.00, man everything you sell is expensive. Guess that is how you stay on top, tax the little people.
I can send you an autographed copy of the book for 120 steem dollars :)
$83 dollar signature damn I wanna resemble you or more noteworthy when I grow up:)
the book is a powerful magical book, the price is set for those who can happily afford to pay it, not those who just wants to pay for paper and ink, it cost $5 to make the book
$5 is even too much.
If it was truly magical and you wanted to get this information and your brand out to the masses then this isn't the way to do it.
Seems like another dodgy quick buck scheme from Craig "Rant" Incorporated.
Also, can you consider stopping your cryptocurrency reports like you said you would? It's obvious you don't hold any blockchain technology in high regard and you've gone "all in" to STEEM. Fair enough, each to their own. Just move away from that topic as you haven't had anything of value to add to this emerging technology in a long time.
I'd want it made of gold leaf to even spend $43 on it.
No offence Craig but your pricing seems like an amateur move and not strategic logic.
the price was set by the publisher after they reviewed the book, my price was always $100 US, the intent of my price is to limit the amount of copies sold, and it worked great
Why limit the amount of copies sold? For what purpose?
If it is 22 million... multiply it by 10 per decimal point... if it could do two decimal points multiply 22m by 100, if it was 4 it would be 22m x 10000
I looked on bittrex and it is showing my bitcoins as having 8 decimal points... so if that is true then it could be 22,000,000 x 100,000,000
Which is a huge number(way more than a billion or trillion)... however... in reality... if you have 1 you still only have 1 BTC. If people are willing to buy part of a bitcoin from you then they determine it has value.
In your penny reference it'd be more like me being able to go shave portions of the copper (back when they still were copper) off of the penny and have 0.9 pennies, and give you 0.1 pennies. That is in reality what bitcoin is doing. Since it is digital it doesn't have to be stuck in a specific digital form.
The scaling problem isn't with the number of coins. It is actually as I understand it the blockchain for bit coins is not designed to handle the load and speed the transactions are coming at it. Can that be fixed? Probably, I don't know enough about it but I know scaling to keep up with the quantity of transactions is already an issue.
bitcoin would be worth something if the breakdown was limited to 1/100 like the US dollar
They wouldn't have enough currency to go around due to the limit for the amount. Really this is all about mental perception. You are concerned with where the decimal point is. Since it is digital it is more flexible than that. It can be 1/100th. Yet unlike the dollar which they keep making more and more of out of thin air which devalues the dollar, there is a finite amount of bitcoin. Thus, why you can purchase with partial. If I want to buy something that costs $10 how do you propose I do that with a bitcoin that is let's say worth $600? You could do that as 0.02 bitcoins just like the dollar. That would be two pennies. The actual price should be 0.01666667 bit coins in that example, but limiting it to 1/100th you have to round up to 0.02. Which means you'd essentially lose 0.003333333 bitcoins worth of currency due to having to round. At $600 per bitcoin you have now just basically tossed $2 aside as waste.
That is on a $10 item. Try buying even less expensive items and it gets worse.
You are talking about how the dollar can be broken up into 1/100th of a dollar which is a penny.
so a dollar and 11 pennies is essentially 1.11 dollars.
The only thing different there is it only has two decimal points. That doesn't make it better or worse. It does make it so rounding errors can result in you losing more of your money. There are famous stories of when people used to funnel the rounding errors of transactions into bank accounts and become millionaires simply because of the loss due to the lack of precision in only being able to do 1/100th. Bitcoin does not have this problem. If you want the world to use it as a whole 22 million coins is not enough. With 250+ million people in the U.S. alone there would not be enough currency for even 1 out of 10 people to have a bitcoin.
However, because it can go to great precision in decimal points the actual purchase power of the bitcoin can rise and accomodate the needs of many people to have some.
It is just a decimal point. The dollar is actually far more wasteful due to having a much larger exposure to rounding errors. We just casually have conditioned ourselves to accept this.
The real problem with bitcoin as I said seems to be that it likely can't scale to keep up with the amount of transactions and the lag within transactions will likely get worse.
EDIT: Another person answered with how many possible coins you could have with satoshis.
the problem with bitcoin is it is unlimited, so it's not worth anything, only to those who believe in it like a religion, this is why we have separation of church and state
Hey Craig. The total number of bitcoins is indeed limited. True, bitcoin is highly divisible. But so is gold. Actually, gold is more divisible than bitcoin (technically it's infinitely divisible). But divisibility doesn't make gold (or bitcoin) less valuable. In fact, that property makes it more useful as money. Gold never would have caught on as money if it wasn't highly divisible. And neither would bitcoin.
Also, from a purely math standpoint, you can't say bitcoins are unlimited just because they are highly divisible. As an example, if you divide 1 bitcoin into 1000 parts, you don't have 1000 bitcoins. You have 1000 1/1000ths of a bitcoin, which is still 1 bitcoin.
Likewise, the total number of bitcoins that will ever exist is ~21 million. Each bitcoin can be divided into 100M satoshis. That doesn't mean there will be 2.1 quadrillion (i.e. 21M x 100M) bitcoins in existence. It means there will be 2.1 quadrillion satoshis in existence...which is exactly equivalent to 21M bitcoins.
Na mean? :)
Well I am not one of those. I own a whopping 0.3 BTC and that is the most I've ever owned, yet I don't see a decimal place position as being something to concern me. Fiat money isn't worth anything either. In fact since we stopped using gold to back currency worth is pretty much defined by those people that believe in any currency including steem. :(
How is it unlimited? There is a set cap, once it's been mined, no more can be minted.
You say it's not worth anything but I manage to pay ALL my bills in real life using Bitcoin, I get paid my salary in Bitcoin and make purchases with it as and when I need to. How is this worthless?
100,000,000 satoshis make up one bitcoin. so 100,000,000 X 21,000,000,000 = 210,000,000,000,000,000 Bitcoins.
lol what was that you were snacking on?!
something new, that never existed until that moment in time
haha!! :) enjoy your night
If i have one small apple and knife, how many cuts i must do to kill my hunger?
What is it that your planting? By the way @craig-grant can you help this woman gain support https://steemit.com/life/@juvyjabian/to-kind-hearted-steemit-this-woman-suffering-from-unknown-skin-disease-for-20-yrs
Simply Great Information and Presentation