would it make you feel better if we all had half as many shares (3000 in summa) and the price was twice as high as it is now?

In case you're answering to me: that's why I said: "this year" it well not go below $1 for more than an hour.

Not even for a minute?

Have you guys subscribed to his investment letter?

.bit is cool, no doubt.

However: I somehow doubt it will ever find it's place in widespread use, because there is just not enough incentive. The current system, however flawed, works well enough for most. And the fears some have about lack of freedom and/or too much control over the names are too abstract and far out for most to have large scale effect. Also: adoption of .bit by big providers seems unlikely... why should they? Without that, I don't see widespread adoption either.

And also: The world will have a SCREAMING NEED for SOUND MONEY very SOON. Bitcoin (as well as NMC) _is_ sound money. That need is far greater and more important than a good decentralized system to lookup ip addresses. So if BTC has usefulness 1.0, NMC has usefulness 1.00000000001. So what you say is true, NMC has greater real-world use potential than BTC. However, as I just explained, that is largely irrellevant: BTC clearly has the first-mover advantage and there can only be one big currency like this. So unless one of the OtherCoins offers some really useful innovation, the internet currency will be called Bitcoin.

It's not going below $1 for more than an hour this year, is my prediction. Why? because there is insane support at $1. How do I know? Because many people (me too) say they would buy at $1 very big and I believe them.

I think bitcoin is undervalued. The market should normally take into consideration future expectation. Bitcoin is very high risk, but the reward in case it becomes widely used even within just a sector or certain populous is extreme. Todays uncertain times should free some FIAT looking for places to go.

Maybe such high risk is just not a popular place in fearful times.

Maybe bitcoins trust got damaged more heavily than I thought by the bad news since June.

As far as "fundamentals" go: it seems the economy is not growing rapidly yet, but look at all the developments on the technical side and infrastructure support businesses popping up, exchanges professionalizing. The infrastructure is being built and remember: we're still in the "initial big inflation" phase. This all takes time, but it happens.

I'm not trying to talk the price up, but it might well be that "Q4 2011" will be used in sentences like: "Early adopters that got into bitcoin in Q4 2011". Don't miss out

come to my place, I will proxy buy everything for you if you give me silver, gold or bitcoin

in this very interesting interview http://www.youtube.com/watch?v=hSyJjC_jBWQ Doug Casey talks about "junior" miners. I think he says 80% of them will never mine a gram of metal. However, he also says junior miners are a good investment.

shouldn't an ad like that be done like this:

"i totally agree.  i put up some very illuminating charts illustrating this on my website."

(I hope the url is correct, also note, cypherdoc: the link(s) in the other thread seems to lead to a 404)

EDIT: put quotation marks on quote

Awesome. The Litecoiners are being really supportive


sum: 12.12906458, which I sent directly to the donation address, tx_id: d65929f5652f8bbac22039773476c8a61c62967bb2444401dfece54698968a36

cool. I'd rather subscribe to this topic than give my email

p2pool is growing quite popular in the litecoin community, it seems.

I was thinking about an attack by an indiviual, corporation, bank or government (agency). Pooled mining protects against that just as well as long as pool ops don't turn evil or cartel up.

+1 Many thanks to Gavin and all the other devs that contribute

Thanks for your generous donation, freequant! I converted the 2000 LTC to BTC 12.03046289 as follows:


and sent them to the donation address (tx_id: a712cf26f5a6407530a99661170a66939ac302ae41cf0a5f2242d25307e3fed5)

I would've loved to wait for a better exchange rate, but didn't want to risk having to take an even lower one and since I said I would exchange "right away", I just did it.

Haha, good answer. Was thinking along these lines but didn't manage to come up with this.

Their feet... or their wallets

Since when is manipulation of markets not natural? Look at GLD


nice spin!

but slowly, it seems (likely not their fault, though).

^{(amounts scrambled for privacy)}

I hope I did everything right... I wasn't able to enter a "reference", so I put my reference (28EA----) into the comments of the transfer form.

Money did not pop up on my account yet. I know there's a weekend in between Nov 11th and today, so it's only the 3rd workday and I'm not yet worried.

We really need some sort of way to move money around the globe in a faster manner.

The Project Info on PMF says the following:


I'm assuming (also the pics match): sherbert = Stacy Herbert, rishey might be Richard Bluestein.

Now, I know this is not proof. I twittered him about it, if this doesn't work, I'll mail him (max@maxkeiser.com). I've been in email contact with that address talking about making bitcoin payments directly to PMF.

Should he answer on twitter using @maxkeiser, we can be pretty sure it's him, right?

I'm happy to receive litecoin donations. However: I will convert these to BTC using btc-e.com pretty much immediately (trying not to crash the market, though). So in case we don't get to deliver our money to the Project, I might not be able to give you back the full amount of LTC you donated.

LTC donation address: LQoxjfjJWcWh3pNRVDJmaDHWBLoejju27X