Yet it was not gold gold, silver or even tungsten that was the object of derision in an amusing paper released by the ECB in early November titled "Virtual Currency Schemes", which we profiled at the time, but rather the decentralized electronic currency BitCoin, which was supposed to highlight what, in the eyes of the Draghi-led Frankfurt institutions, is nothing but a Ponzi scheme. Another big fail for the Tylers  Good news is comments seem to get better. And like iCEBREAKER said, MDB is one of the mastertrolls of ZH. His comment is actually a very good thing ! How is this a Tyler-fail? They aren't bashing bitcoin. Because the ECB report doesn't say that bitcoin is a ponzi scheme. |
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Didn't took that long  |
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Yet it was not gold gold, silver or even tungsten that was the object of derision in an amusing paper released by the ECB in early November titled "Virtual Currency Schemes", which we profiled at the time, but rather the decentralized electronic currency BitCoin, which was supposed to highlight what, in the eyes of the Draghi-led Frankfurt institutions, is nothing but a Ponzi scheme. Another big fail for the Tylers Good news is comments seem to get better. And like iCEBREAKER said, MDB is one of the mastertrolls of ZH. His comment is actually a very good thing ! |
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Using rid in this case is your way of being derogatory. Saying invest implies the same thing except one has an expectation of a result or a profit.
I got rid of my dollars to buy a dividend paying stock that each year the company gets rid of their excess dollars and pays me a certain amount per share.
Seriously? Who talks that way?
Would you prefer : "I sold my dollars to buy a dividend paying stock that each year the company gets rid of their excess dollars and pays me a certain amount per share." It's the same thing anyway. The idea is to limit your fiat holdings. |
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i think that's caused by having some incompatible .log file in the database folder. i've always just redownloaded everything,
though i'm sure there's an easier way to do it
Not an incompatibility caused by a new bitcoin-qt version, the update is older than a day. Maybe from another software/library. And by the way I forgot to tell that it seems to be downloading blocks/something (the folder size is growing  )). Maybe I could delete only some files, in order to save some time ? |
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I have an issue with bitcoin-qt which has stopped downloading new blocks for more than a day (stopped at block 215809).
There's a message in the status bar saying something like "Alert : displayed transactions might be incorrect. You or other network nodes might need to do an update" (translated from french).
I do have 10+ connection so that shouldn't be the problem. I tried a -rescan without success.
Version is the latest from ubuntu repositories, OS is an updated ubuntu (12.04 LTS), datadir is on a encrypted (AES iirc) usb stick.
Any idea what might be wrong ?
I guess I could just erase every file except my wallet.dat an re-download everything, but just in case there's another solution I prefer asking.
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I tried to withdraw some funds, and the form ask for a one-time password.
I tried to use the google auth pass (which is configured), but without success ?
Can you explain how to do ?
Thanks
Fixed. It was a problem with some time drift on the server, which is now solved once and for all hopefully. Thanks, it's working now ! |
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I tried to withdraw some funds, and the form ask for a one-time password.
I tried to use the google auth pass (which is configured), but without success ?
Can you explain how to do ?
Thanks
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while silver is less scarce (while it's supply is probably equally known, which is really the decisive factor), its practical use is even higher than golds. Gold is not unique, it's just that people decided to use it instead of platinum, copper or silver.
Gold is unique, as is any other elements. People choose gold because it didn't rust (contrary to silver & copper) and because it was still quite available (contrary to platinum & palladium). In that sense, gold as some characteristics that made it more desirable. And btw, I'm not saying silver is a worse investment right now. I'm mostly long silver in PMs. To me what makes it a good bet right now is function of his (low) price compared to his properties. |
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There's no reason for the FED to stop, or even slow printing of new dollars, "fiscal cliff" or no, though, so I think we can count on it's price in fiat continuing rise, too.
Actually it could. Suppose the theoretical case where the fiscal cliff result in a balanced, if not positive, budget. Then the FED could stop printing. But yeah, not going to happen. There might be some tax increase/cut spending, but not as much as people think. |
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So if the US economy has to print more $$$ to deal with this fiscal cliff I've been reading about in the news will the inflation of the USD cause an increase in BTC price? Or are BTCs relatively pegged to USD?
Not saying the FED will stop printing anytime soon, but are you implying that since the US gov will increase tax revenue, they'll have to borrow more ? Sound logical to you ? And yes, there's some (inverse) correlation between USD and BTC, but clearly USD value won't be the reason why BTC will go to the moon (ultimately) The value of BTC will stay roughly equal. Just like Gold. Back in the day, a gold coin would get you a nice toga, some sandals, and a high-quality bag to put your stuff in. Nowadays, selling a gold piece will net you enough cash for a nice suit, quality shoes, and a briefcase. Don't confuse the number after the $ for a value. It's a price. As the supply of the dollar skyrockets, the price of BTC, denominated in dollars will necessarily rise. As has been noted, the only way for BTC value to rise is if there's greater demand. His point was the fiscal cliff involves tax increases and spending cuts. There is nothing in the "fiscal cliff" which would result in increased printing. The FED may (continue to) increase printing but that has nothing to do with the fiscal cliff. Thanks D&T, you got my point. And regarding BTC value, yep I think it'll go up (and I know the difference between price and value). At the moment, most people don't know about BTC, so to them we could say that the value they attach to BTC is null. Still a lot of people don't understand it, thus they think it's a bad idea, and that their value is also null. With time (hopefully), more and more people will discover BTC and understand it, find it valuable, thus to them, the value they attach to it will increase. Now imagine a kind of "global" value, ie the market value. This is the one which is reflected in the price. This is a function of the opinion of every actor in "The Market". This is not a constant, and it's increasing. The fact that gold's value appear to be nearly constant just mean that it had time to converge (ie roughly everybody knows it, and their opinion on it's value is kinda constant). But "nearly constant" is an overreach. For example, gold's price went up 5 folds in the last 10 years. Fortunately it doesn't mean that USD value went down 80% in the same timeperiod. Everything is not about the dollar. It's about the value of everything compared to the value of everything else. |
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So if the US economy has to print more $$$ to deal with this fiscal cliff I've been reading about in the news will the inflation of the USD cause an increase in BTC price? Or are BTCs relatively pegged to USD?
Not saying the FED will stop printing anytime soon, but are you implying that since the US gov will increase tax revenue, they'll have to borrow more ? Sound logical to you ? And yes, there's some (inverse) correlation between USD and BTC, but clearly USD value won't be the reason why BTC will go to the moon (ultimately) |
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You should give a timescale for this type of questions. Looking at the last 3 years, I would say a bull market  What timescale would you have to use in order to see a bear market? Last month. We lost around 20-25% in a month, that's something more significant. |
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You should give a timescale for this type of questions. Looking at the last 3 years, I would say a bull market In bitcoin time, this would be something like 2-3 month of overall market sentiment You mean the exact time since the top at 15$, right ?  Actually, looking at that time, sure we're down, but only ~30% (to be compared with the previous 3 months who saw a 200% increase). In bitcoin valuation, not even sure i would qualify it as a bear market. A Bear cub market then ? |
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