I suggest "mikey", following connotations:
* usb key form factor
* stores "my key" to my money
* holds mikes (street name for a micro-btc)
Unfourtunately, it's too similar to "myki" ( http://www.myki.com.au/), a public transport smartcard used in Australia. or the "makey makey": https://www.youtube.com/watch?feature=player_embedded&v=rfQqh7iCcOU#! I couldn't care less, screw trademarks, before you find a name that way you're old as Stallman with a white beard. |
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Is that what the Blogosphere has come down to - everybody wasting everyone's time with 20 minute videos??!! God, I hate video blogging  There are different use cases. Some people like consuming information through video or audio media. That's why most people watch four hours of TV per day. I made a habit of listening to brotherjohns silver updates to fall asleep. Technical analysis of the silver market, read in a soothing, calm voice... nothing tugs me in more efficiently. |
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I'm experiencing the "Illegal instruction" problem on my first-gen asus eeepc.
It seems to be an invalid instruction in the binary (I used the dependency bundle).
Ran an strace and it seems to be in the random number generator somewhere (I can't see an actual stacktrace, how do I dump one).
So I guess one of the dependency libs might've been compiled for a different CPU.
Ideas anyone?
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There is a strict anticyclic way for never loosing money with bitcoins (and other assets) for the long time, under the following conditions:
1) You believe in BTC as a real value (similar like gold)
2) You do not expect to make quick money
Follow strictly an easy rule, to invest a fix amount of USD for every cent the BTC value moves: for example, invest 1 USD for 1 cent that the BTC moves: I start from 5.00 USD/BTC (so I have a maximum of 500 USD to invest, if the BTC drops to 0.00):
USD/BTC
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50 buy BTC for 50 USD, create an ask at 5.00 USD/BTC then
5.00 do not trade this, it is the fair value, and so doesn't matter
5.50 sell BTC for 50 USD, create a bid at 5.00 USD/BTC then
6.00
6.50
...
The method before is manipulation free, it benefits from manipulation of others. It stabilizes the currency ratio, it can be used with any amount of capital. It can (and should) be used with different REAL assets, like equity funds (or any that you real believe in), to distribute the risk in random variation.
There are two gaps, that can be adjusted as needed: The gap between ask and bid (1.00 USD here), and the step to subsequent bids or asks (0.50 USD here). You can make the gaps bigger (less trading, better timing) or smaller (better arbitrage, higher fee).
You have some more options here: If you have too less BTC, buy for 60 USD, and sell for 40 USD. And vice versa, if you need more USD. It's a bad idea, to trade huge amounts in a small period of time.
It works best against manipulating bangsters, but do not invest too much!!!
Most work is finding real assets, like gold (or BTC). There are some, but it's a hard job.
Trading is easy without greed.
Good look.
similar to this idea? (from this very thread on dec 14th 2011: https://bitcointalk.org/index.php?topic=1493.msg650108#msg650108) btw: I've been experimenting with a trading bot idea in summer. Named it "equilibrium trading". It aims to make trades so that the following is true:
<btc balance> * <exchange rate> = <usd balance>
This should have a stabilizing effect while taking advantage of volatility of a certain frequency range (given by the treshold at which it will put orders), right?
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All 4 of my rigs are updated and always on. Both my laptops run a node each, and my younger brother and parents across town have a node on each of their computers. all but my primary have a 0 Balance, but they are there doing their jobs.
do they have ports open to the outside through your router? |
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Or, how about a world wide Backup-Your-Bitcoins-To-An-Offline-Wallet day?
that's a cool idea. 'd love to see the tx volume shoot up. |
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Hmm - but the volume on MtGoxCHF is rather disappointing.
bitcoin.ch up for grabs it seems  |
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Isn't that the same guy who use to post bitcoin TA reports on YouTube? I think he even posted his own live commentary on the MtGox flashcrash as it happened.
where does he post these? in what channel? |
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Yes, but as a counter to that you have the Greek embargo of Iranian oil beginning soon unless a deal can be reached at the bargaining table. Greece is shooting itself in the foot. No other countries want to stop buying Iranian oil, including China, because they know that Iranian oil is among the most easily accessible. The USD might get another lift from this in the short-term. It's not just greece. The whole of Europe afaik, probably under pressure of nato, imf or whoever pulls the strings, stops buying iranian oil on June 1st. This was decided back in March I think. And yes: the whole of Europe is shooting itself in the foot by doing this. Germany should just pay Iranian oil with the gold the US still holds hostage supposedly. That way, the US owes Iran gold |
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[color=][/color] I could never invest in bitcoin trading with all this going on -- the infinitive speculation of situations would drive me mad, how do you keep your sanity after so many years, S3052?
that's a great question.
The answer is actually quite simple:
Focusing on technical analysis has guided me and I am tempted to say many dozens of subscribers very well through all "bitstorms".
Because the charts include all fundamental infos and wild speculations, hacks etc. at all times.
With that in mind, a bitcoin chart can be analysed in the same way as the Dow Jones , silver , gold, currencies, etc.
And all the principles and rules work in the same way.some guy on youtube said something along these lines: "I like technical analysis because I don't have to be right. It allows me to ignore emotions and make decisions based on numbers." |
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Krugman must be the bitch of the FED.
or both be bitches to the same master |
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But consider that if a lot of the legitimate, low-risk business starts to use wallet/cash methods for purchases (at Dwolla's $0.25 rate), but nearly 100% of fraudulent purchases remain using VISA/Mastercard, that not only wouldn't the merchant rate drop but it could potentially be forced to go up (at least for card not present type of ecommerce transactions).
Yeah, haha. I agree. VISA is for criminals. All the good souls use bitcoin. |
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dividends have been paid, also sales have been filled at 1.02
i left some asks at 1.03 if anyone wants in. i will move that up in about 18 hours.
thanks
thanks for a reliable pass-through so far. |
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As if buying into bitcoin to privilege the adopters earlier than you isn't a parasitic cost.
Anyone can buy or mine bitcoins. Nobody has a legal privilege to prevent anyone else from creating or buying bitcoins. Calling this "parasitic" is symptomatic of ideologies that prefer violence and are driven by envy of other people's wealth. Even if I take a neutral view on the economic validity of Gesell's theory, it still requires a monopoly production. Without force, it cannot work. This can be clearly seen on Gesell's work in the Bavarian Soviet Republic (freigeld was supposed to be legislated), or the Miracle of Wörgl (scrip and stamps were not produced competitively). It is absurd and hypocritical to label voluntary production and trade as "parasitic" while simultaneously advocating the use of violence as an alternative. This is why the Austrian approach is still the only one that make sense. Here's one of my favourite quotes: This theory of endogenous money is unique to Mises and his followers. No other school of economic opinion accepts it. Every other school appeals to the State, as an exogenous coercive power, to regulate the money supply and create enough new fiat or credit money to keep the free market operational at nearly full employment with nearly stable prices. Every other theory of money invokes the use of the State's monopolistic power to supply the optimum quantity of money. lonelyminer, I like your attitude (also your argument, of course) http://en.wikipedia.org/wiki/Endogenous_money, interesting |
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yes you're right. So the term "CCR" is incorrect when used for an account like this.
This method does let the customer choose the level of risk vs payback. A sliding scale between a storage/safekeeping and investment/returns.
Hehe, but how is this implemented? When push comes to shove, the customers with lower risk level get their funds back first? It would be up to the bank what they keep in reserve to pay out the full amount on withdrawal.
Perhaps if all the accounts with corresponding bitcoin addresses was published a real CCR monitor system could be designed?
What's the aim again here? You want to make auditable that banks keep the promised reserve ratio? Per account? I'm unsure I get the idea. Kinda confused, probably too much sun today |
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I'm guessing it would be hard to arbitrage this because the chinese currency cannot easily be moved to gox?
So in essence, this wont pull the other markets up much, right?
The mere fact that the two charts I put up already comparing gox to china are moving in lockstep is evidence enough that there should be no arbitrage barriers between the two. Are you sure this is correct? Couldn't the markets move in lockstep because mtgox is dominant for price-discovery and the chinese just use USD/CNY rates to determine what a "sensible price is" and trade around that on btcchina? Goxusd "should" move up in lockstep and soon.
This doesn't seem to be materializing. How soon should it happen? |
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Most of us do not check our e-mail for thread updates. We just click on "Show new replies to your posts.
" Nice to meet you, "Most Of Us"  Seriously, what makes you think that you know what most of us do? I for one check my email for notifications. This is what I do. I don't even understand how you get notified by clicking"show new replies"without using email. thing is: I don't want to "get notified". I want to see a list of threads that have had new posts since last time I checked whenever I feel like catching up to bitcoin. That's what the "show new replies" link at the top of the page does. If the list is empty (it never is), I'm done with the bitcoin forum |
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You subbers can just click the 'notify' link to subscribe and it doesn't muck up the thread (and notify the rest of us that you're subscribing)
that notify-thingy sends a friggin email, man. Do you think I want 100 email per day in my inbox from bitcointalk??? |
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So, the exchanges have been keeping a fairly tight band around $5/BTC, I'd like to hear opinions on how much you attribute this to the following factors:
4) Other factors, please describe...
-s
pure coincidence. I think we're going to see both $3 and $15 this year. in which order? |
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With bitcoin it's actually possible to monitor how much of your funds are left as a reserve with your bank.
If you transfer 100BTC to your bank account, and have selected a 50% CCR option, the balance of that account should never go below 50BTC.
I don't think that's true. The reserves are there for a reason... Assume both you and I put BTC 100 into the bank. The bank invests 50 of your BTC and 50 of my BTC, 100 BTC in sum, the other 100 it keeps as reserve, so it fulfills the 50% reserve requirement. Now I go ahead and withdraw 80 BTC. Now 30 have to come from "your account", the bank now has to liquidate some of its investments because its reserve ratio dropped below 50% (only 30 BTC for 130 deposits), but in the meanwhile (that takes some time), the reserve is used to pay me my 30 BTC. Correct? |
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