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This article is NOT from 2014-06-20, it is from 2014-06-06. Old news (change your title).
Also, "very soon" is a complete misnomer. Donahue has never given a timeline for integration beyond "the future".
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It DID affect their fungibility, hence the reason people starting saving the silver coins and spending the others.
Spot price of silver in 1964 was $1.29/oz, and there's 0.18oz of silver in a quarter, so the melt value of the coin at the time ($0.23) was slightly less than the face value. I'm sure the government saw that silver was quickly going to be worth more than the coin itself, hence the reason they ditched the silver minting.
But the decrease in value didn't translate to market practices. i.e. it wasn't the case that a loaf of bread might cost $1.00 if paid by cupronickel coins but less (e.g. $0.90) if paid by silver coins which should have been the case if the two values had actually diverged. It did affect market practices, just not in the way you are thinking. Shortly after 1964, people were willing to pay more for a quarter minted in 1964 than one minted in 1965. Prices weren't affected in stores because stores aren't in the business of accepting silver or gold in exchanges for goods. |
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It DID affect their fungibility, hence the reason people starting saving the silver coins and spending the others.
Spot price of silver in 1964 was $1.29/oz, and there's 0.18oz of silver in a quarter, so the melt value of the coin at the time ($0.23) was slightly less than the face value. I'm sure the government saw that silver was quickly going to be worth more than the coin itself, hence the reason they ditched the silver minting.
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It can be a useful metric for some cases. It's very likely the price at midnight of some major timezone (PST, EST, GMT), but someone should try to confirm when it changes. EDIT: It's GMT. The interactive chart shows 12:00 AM GMT as time of opening. But this is actually aggregation not reality. If u look at BTC-E, BitStamp or LocalBitcoin, trading takes place round the clock. There is a big chance that non-bitcoiner financial people may follow Yahoo chart and that would result in wrong calculation. Opening & Closing does not apply to crypto trading !!! I'll disagree. I don't see any material miscalculation that could come as a result of showing an open and closing price. If nothing else, it gives a nice way to summarize the price at the same point in time every day - i.e., if I wanted to see how much the price changed daily over the course of a year, using the open price for each day would be a nice alternative to a weighted average. If you're really concerned about it, contact Yahoo and see what they say about changing it. I think that more information is a good thing, not a bad thing. |
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Someday houses may be listed in BTC. Like a cheap house is .8 BTC and a bigger house is 1.25 BTC. :-)
If uBTC = $1.00 someday, then you'd be talking about mansions. |
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Wow. I did not know international transfers were that complicated. Things like this is why more people should worry about opponents to bitcoin.
Clearly there are a lot of people in that chain making vast amounts of money and they stand to lose a lot if bitcoin adoption really takes hold.
So all these people have a clear motivation to do whatever they can to stop the adoption of bitcoin.
I've been saying it all along. This is the kind of thing that starts wars. They can't stop it anymore. It has already grown over their head. People involved in banking will adopt the better system (bitcoin) and build services around it (for example escrow). Banks that start a war against bitcoin can only loose (reputation and customers). It's wiser to adapt to the new situation. The only way they are going to make as much money as they do now with bitcoin is by speculating it in. Which generally isn't how this particular sector makes money. They make money by being the middleman. And in bitcoin there is not much room for middlemen. Banks can still provide some services though. Think about how banks made money early on, before electronic anything. Escrow, secure storage, currency exchange, lending. All of these things are still needed services, even in the age of digital money. Certainly, the inability to charge for transactions (at least to the extent that they have in the past) will be eliminated, but at the same time, they won't need the same sort of manpower for performing transactions either, so they can cut costs. It won't be as lucrative a market as it has been, but they'll find ways to make money, and maybe some people will move to other industries entirely. |
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The article mentioned that the list is actually "some" of the bidders. So, there is more? May be they leaked it on purpose? Now everyone knows the big boys are in the game, bidders would need to up their bids if they are serious.  There's 37 total, but the others have not been leaked as far as I have seen. Note that these are just anyone who has contacted the office regarding the office - it is NOT a list of bidders who have met the $200k deposit requirement. |
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I saw the Video although I believe in bitcoin but somewhere I found this video biased , because it only talks about successful companies like Twitter , Facebook , Google. and their S curve , but there are also so many companies out there who never grows that big. We all know bitcoin is not a company[which is in favor of bitcoin] but it will not have a similar kinda of advertising , and will be restricted in use till some killer app comes out and it will take some time to explain it to average joe + it will face many difficulties as it grows bigger. Yeah I'm hopeful for a very higher vertical curve but will it ever happen I have faith. I don't understand this perspective. Bitcoin IS the killer app. |
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It can be a useful metric for some cases. It's very likely the price at midnight of some major timezone (PST, EST, GMT), but someone should try to confirm when it changes. EDIT: It's GMT. The interactive chart shows 12:00 AM GMT as time of opening. |
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I am a United States based reseller of Casascius Coins. All coins are 100% unredeemed with hologram fully intact.
1. Escrow services are available.
2. Shipping within the United States is free. I ship USPS priority mail, signature required, and insured. Overnight shipping is available for an added fee.
3. Payment is accepted in BTC
4. Shipping for orders placed and paid for is done next day. No waiting.
5. All coins listed are in stock
6. I am open to negotiating on some of the coins listed.
(Quantity) Description Price
(1) Graded MS65 2013 Brass Single 2.25BTC
(7) Graded MS64 2013 Brass Singles 2BTC
(1) Graded MS63 2013 Brass Single 1.75BTC SOLD OUT
(7) brass halves in stock price is 0.8BTC
(12) Series One 25LTC 1oz .999 pure silver Lealana coin in display case. (Negotiable) SOLD OUT
(2) Series One 10LTC 1/2oz .999 pure Lealana coin in display case 60 LTC for the pair. SOLD OUT
Got any higher rated S1 brass coins? If not you do you know someone with a 66 or better? I do have a 66, check my sig. (sorry for barging into your thread Nightowlace) |
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There's always Minecraft! But winning at PvP doesn't pay you anything... |
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It's kind of like saving the environment or voting - no one wants to make a move when it disadvantages them and makes no noticeable difference in the end.
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I'll sell it to him and give it to him a year later, when the risk of the transaction being reversed is gone.
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It's funny how outdated the prices are... I mean, it seemed reasonable at the time.  I took a look and thought to myself that this game could be a little more realistic on the prices but then I saw the creation date It needs a "to da moon" revision. |
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I could do 4.5 BTC for the lot at current prices. P.S. Hi old friend.  |
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for the last 4 months whales have been trying to push the price down. and the furthest they got was $400...
the cost of mining and the other facts that people refuse to sell at a loss from their original purchase price made it an unachievable effort to go below $400..
so $400 is the new low and will stay that way, no one is stupid enough to sell at a loss, so dont expect anything below the new low as it has already been tried and tested for 4 months.
so to all of those missing the low price, i am sorry. and now the hash rate is at a 'exohash' dont expect it to fall, there will be another attempt in the future to find a new low point and that number will be higher then $400, so buy now before you regret it when prices hit the thousands again.
An exohash would be 1,000 petahash. We're only at 96 petahash, so a ways away from that. I wouldn't be surprised to see an exohash by the end of the year though. |
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Spending 450 BTC on BFL miners in June 2012.
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It's funny how outdated the prices are... I mean, it seemed reasonable at the time. |
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This is a terrible idea. Better to just put that money towards above-ground solar panels.
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Don't forget to order a pizza tomorrow!
But this thread already completed 4 years on 18 May now why are you going to give order tomorrow He started thread on 18th but he did the deal on 22th. That's why tomorrow is the "Bitcoin Pizza Day" TIL I share a birthday with Bitcoin Pizza Day. Cheers! |
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