Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity.
So split key systems are a total must. I only heard about split-keys from coinlab so far.
Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado. Yeah, because an NDA will stop someone from walking out the door and onto a plane with 50,000 coins. =P |
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why don't you ask proudhon, he might know  Here I am. Why won't it? Because I say so, that's why. Thanks for the confirmation   |
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It seems pretty obvious to me that it will. Anyone have a good reason why it won't?
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notice the red bars, corrections and flat parts
yeah. it's a daily. You have them in current chart, too, if you look at the daily. These candles are arbitrarily chosen anyway (no trading days 8 to 5 and then sleeping things over in bitcoin, no weekends either). If I could move them all by some days to the right or left I'm sure you could produce a couple of red candles. The analogy is not perfect, I give you that. My timeframe is much shorter, too. Let me ask: What exactly are you basing your claim of unsustainability on? That the price has tripled? That's no indication, because my example shows the price can triple (to $1) and then stay above for a very long time (2+ years and maybe forever). We never saw $1 again, right? Maybe we'll never see $31.9099 again. Within certain contexts exponential growth is sustainable in the medium term What are the criteria for such a context? I say with a good degree of confidence that you are currently looking at one. The main criteria would have to be an enormously undertapped potential. We could keep up this level of growth for months before we see any sort of a slowdown. |
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notice the red bars, corrections and flat parts
yeah. it's a daily. You have them in current chart, too, if you look at the daily. These candles are arbitrarily chosen anyway (no trading days 8 to 5 and then sleeping things over in bitcoin, no weekends either). If I could move them all by some days to the right or left I'm sure you could produce a couple of red candles. The analogy is not perfect, I give you that. My timeframe is much shorter, too. Let me ask: What exactly are you basing your claim of unsustainability on? That the price has tripled? That's no indication, because my example shows the price can triple (to $1) and then stay above for a very long time (2+ years and maybe forever). We never saw $1 again, right? Maybe we'll never see $31.9099 again. Within certain contexts exponential growth is sustainable in the medium term |
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lol
ALL YOUR DEBASE ARE BELONG TO US!
You win all of the internets lol |
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just want to remind everyone that in terms of % swings, we're fairly moderate today in terms of what bitcoin has done in the not so distant past.
That being said If we do hit 50 today, I will attempt to eat these words out of the interwebs.
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Slow down for a while please.........it's like 5 orgasms in an hour.
 Bought too much Bitcoin LOL |
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 depth lol. |
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the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin: +574%
Gold: -7%
silverbox in big trouble. plumbing new lows.
GPL: -41% silverbox long
Diff: +581% advantage Bitcoin and growing
Cypher, its great and all, but seriously.  This guy silverbox hasnt been here in so long, I dont even know who he is. |
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That's like your opinion man.
We should make a sticky with just this statement in this subforum. |
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anyone care to offer an opinion on Apple? My brother is thinking about getting in.
Have him get into Bitcoins. He will thank you in a few years. Otherwise, SBND is a safe bet. I would wait to see what happens with AAPL. It's not cheap enough for a buy, not overbought for a sell. I really would look elsewhere. Dont want to derail this too much, but why SBND? |
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Updated with Bitspend.net
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But this time, its different!
Those words haunt thousands of people who just couldn't see a bubble that was right in front of their faces!
The volume of bitcoin transactions is exceptionally low because EVERYONE is speculating, they are not spending. This can only end badly! ;(
Please stop making up assumptions that can't be proven. A lot of people are spending their bitcoins, but it's not a good idea to look at it on a weekend. I am assuming on based on my own experience. If I buy something using bitcoin, at current exchange rates, between the time I buy it and it being delivered, the item is going to become more expensive compared to buying it in my local currency. Hence, it makes no sense to buy using Bitcoin if I have the choice! That is a speculation dilemma in a nutshell In essence, this is correct. And it is exactly the reason that there is a bias to liquidate inflating fiat and hold deflating bitcoin. Eventually bitcoiners will need to start using them and then they will. But why use them now in the face of a massive global currency war pushing value to the bottom? Bitcoin is both a way to exchange value AND a store of value. Just because the bias at one time in its life pushes it towards one side of its functionality does not mean that it will always be that way. |
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this is sunday
most of that volume was still saturday USA time this is usually selling time, but noone wants to sell, hence low volume. |
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intimidating red candle is now tiny baby cute red candle  That's called a doji. It may be cute, but sinister. You know what - you're right. I think that sell actually was some TA obsessed douchebag that thinks he can create a reversal by making a doji on a Thursday. Thankfully the market has 0 fucks to give about TA. |
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Everyone check your wallets and make sure those 15k coins weren't yours.
Nah they would transfer the coins, not liquidate them. |
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Well someone either pressed the wrong button or really wanted out.
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