Thanks man. If people like the idea then I'll add more content.

Hi all

I thought I would create a general resource for bitcoin newcomers that lists some high quality resources for obtaining, spending and learning about bitcoin without going into "what is bitcoin". I appreciate this is quite a general topic and there is much competition in this area.

There isn't much content yet because I'm unsure of whether to proceed. Its just an idea for now.

http://bitcoinreview.webs.com/

Any thoughts?

Thanks

PM sent.

Join please

15fbPLhnZjARhzqkZ3wJWg1Um1i8RVK5g1

yep yep

I don't think New Athens would be a terrible name   

You have discarded your hippie style because you are the leader of a new society. You've also clearly taken to smoking a pipe. I can only imagine what's in it.

Seriously though, can I be the projects official documentary film maker. I would love to document this.

FinShaggy in 30 years. Loved the stuff about the robots btw.

It certainly is interesting. I don't think I'll be running off to New Mexico just yet (lol) but its worth keeping an eye on from the perspective of an intrepid if rather bonkers experiment.

Have you received my PM? Have you received my emails.?

Hi there

Glad to see your reply.

I will PM you with info.

"I think currently that IS what people should believe. Until the coins stop being produced.
They will not stop going up in value until they are all produced, and the payout is 0 per block.

By then I think 1 Saratoshi will be valued like 1 BTC is today."

I respect you opinion, and indeed your enthusiasm, but I don't think that you understand the economics surrounding bitcoin or the many risks involved. I hope that you only commit to bitcoin that which you can afford to lose. I really hope that.

I made an investment in rbitco.in recently and the coins have not been credited to my account. The delay could be technical but I have messaged the owner and haven't gotten a response. I would like this resolved. The user is NilamDoc.

Thanks

"No one know what exchange rate of bitcoin will be in 5 years, so expect this "investment" as very risky. You could loose big, retain value or have good profit - no one know."

Is right. At least with the political angle you can't lose, if you believe in it.

Something being in limited supply is a good property for a store of value but it does not guarantee that that thing will always be valuable. Other cryptocurrencies have had a limited supply and their value has utterly dissolved. 

Jml:some great quotations there. Really interesting.

I think that most people are working on more simple things. A market where you would buy and sell positions in the manner of Intrade would be more complex. Maybe in the future.

An investment perspective doesn't necessarily have "economic morality". The guy who posted this asked if it was a good investment. What he is likely to have meant is: will I profit from this?

I know you mean well but I don't need a lecture on economics or on the iniquity of the prevailing monetary system. I am well aware of that iniquity. What you need to realize is that bitcoin means different things to different people. Some people are committed to bitcoin as a political phenomenon that represents economic freedom, and you seem to fall into that category. Some people are just curious about it some people are interested in it from a technological perspective (interested in the cryptography). Some people are just interested in speculating in bitcoin and have little if any interest in its political implications. Without further information I have to assume that the guy who posted asking whether bitcoin is a good investment falls into that category, as do you.

Would be hard to develop mate.

"But over all it's profitable. If you keep your coins long enough they will go up in value, you just have to wait for the difficulty to go up Smiley"

I can't agree with that. It is not even certain that bitcoin has a long term future and its current high price is not related to supply; it is driven by speculative forces. I believe that bitcoin will grow but that is a belief, not a certainty.

"In my view, I think that bitcoins are worth more than printed fiat currencies as they are not backed by the "gold standard" anymore. Bitcoins like fiat currencies are backed only by confidence of the people. For me, the idea of using bitcoins to pay for wares and services is the similar analogy pulling up a big finger to greedy bankers as they impose an interest on the money loaned from central banks to Governments which is then passed on to you; the hard working people. This is why I use Bitcoins and screw the pound, dollar, euro, etc."

Me too but that is a political perspective, not an investment perspective.

"Bitcoins have pretty small financial liquidity at this time. So it's resonable to invest only small amount of money - max few thousands $. If you buy fe bitcoins for 1M $ stock price would propably rise a lot."

Liquidity isn't too bad if you use the right exchange. The problem is if you buy bitcoins now you are buying at quite a high price; a price that could fall substantially and stay at a lower level for a long time. I don't think that bitcoin are a bad long term investment and they have been very good for me but its important to be realistic.

If you are looking at bitcoin as an investment then you must consider it very high risk and its position in your portfolio must reflect that. The volatility of bitcoin is well known. This means it can be very profitable or it can be ruinous.