Nice  can i donate without registering with the site? I watch KA on youtube and I'm not a big fan of signing up with every site i come across. I was surprised by that, too. If you don't have to register, it's not very clear on how to donate without. +1, maybe this was a deliberate choice, but many bitcoin people seem to value their privacy (though I would expect this to become less outspoken so as the currency becomes more mainstream), so you might get a lot more donations if registration is not required. |
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˙ǝlqɐuosɐǝɹ ǝɹoɯ sɯǝǝS ˙ㄥƐƐ$ oʇ ʇıq ɐ uʍop (00Ɛ$ ɯoɹɟ dn) ʎɐpıɹℲ ʎq 000Ɩ$ ʎɯ ǝsıʌǝɹ oʇ ƃuıoƃ ɯ,I 'pǝʇɐdıɔıʇuɐ sɐ ʇsɐɟ sɐ ƃuıʌoɯ ʇou sƃuıɥʇ 'ʞo
you could push your performance to a higher level if your spelling style would correlate more with your avatar.   |
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PayPal has hinted
... of course bitcoin is the future its on a matter of time till everyone get with the program, expecting more "Rumors" Granted, the question is whether the future is now. the past we cannot control the future is set in stone today is a gift this is why we call it the present who do you think you are? an internet philosopher king? if the future is set in stone, none of this matters and today is not a gift, it just is... ... an experience. |
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TL;DR: The main idea of this article is that Bitcoin will destroy the current financial and government system. It's more about the social implications that result from that and enabling crime imho. |
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Yep I can assure you the picture is NOT fake........
The hair colour is. As are the boobs. And the name. Also for a vegan she's pretty fat. Should probably clean up her diet. Enjoying your life as an offensive internet troll? Man, you are so cool and uncaring .... truly brave! Actually I'm worried for her health. Obesity brings along a lot of health risks. But thank you for jumping to conclusions. Ok, you get some points for the witty comeback  . |
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[...]
Simple function works fine for Moore's law, no?
Yes and no. Actually, a single exponential growth function could be used to paint a pretty little picture of btc/USD development until now. Or Apple's stock. Or bacterial growth. However, that doesn't mean that in each of those cases only one function actually is behind that data -- in fact, it is extremely unlikely, given my argument (identical parameters, or perfect predictability of them) above. In the end it's all about precision. If you want to predict whether, all things going mostly alright, btc/USD will be up a lot from where we are now within 3 years, then yes, the single function model is most likely good enough. If we want to decide whether we're in a weekly slump of a mid-term trend reversal of a mid-to-long-term bear market, then maybe the same simplification is a bit too much. Even if applicable, the simple function is of course a result of various subfunctions, like you said. And it's clear that this exponential growth (with its value appreciation) can't last forever. However, as bitcoin is still relatively small, it currently remains my price guidance for the rosy scenario. |
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Simple function works fine for Moore's law, no?
It does, but that does not mean that there isn't variance. And on an exponential scale a little bit of variance can cause your position to be overrun. Yeah, I just meant for approximating LT trends. |
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[...]
Yes it is simple linear regression (least squares fit). 1100 datapoints with slope projected 300 more. The data is presented raw (from bitcoincharts.com with no massaging).
I don't take this as gospel, just a rough guide. We are in the speculation forum and the best we can do in speculating is to make use of the data we have. There is no doubt that Bitcoin is on an exponential adoption phase, which has been seen with other technologies such as the take-up of mobile telephony. It will plateau at some point and skew level on charts such as the one I posted. We can have confidence that the regression line has short-term future relevance because of inertia within the Bitcoin ecosystem which is building all the time as more money and people get involved in many different countries.
If you allow, one more comment, the same one I made to [statistical modeling guy whose name I still can't remember but who has a carricature of Darwin as an avatar]: I don't object at all to regression analysis, and even extrapolating from it, but I am a bit suspicious of the underlying assumption of this particular analysis... (aside: got into a huge discussion with the guy about whether it's an "assumption" or not. dude don't know his axioms.) ... the assumption that there is *one* underlying function generating the data. I find it hard to believe that traders' sentiment, btc fundamentals, number of market participants, bitcoin protocol related hard facts, etc. would all be identical, or in theory at least perfectly predictable, over the years, which in principle would have to be the case for the same growth function to generate the data in 2011 and in 2013. I know, it's all simplifying assumptions. I'm not really objecting to using your method to predict the price. My own methods are in fact less sophisticated. I just like to soapbox a bit about my pet belief that a number of functions (perhaps only slightly) greater than 1 governs the btc price. Simple function works fine for Moore's law, no? |
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Yep I can assure you the picture is NOT fake........
The hair colour is. As are the boobs. And the name. Also for a vegan she's pretty fat. Should probably clean up her diet. Enjoying your life as an offensive internet troll? Man, you are so cool and uncaring .... truly brave! |
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I knew it! My big toe is always right... *and* they now accept BTC donations. Ok.. so I was a mere 2 years early on that one. For my next 'big toe' insight... umm.. dunno.. I got nothing... but I'll let you know when it twinges again! Hot damn, they do accept bitcoins now. Awesome, I love Khan Academy ! |
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Decent article, but I believe he hasn't thought about "single point of failure" enough.
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My two cents with bitcoinstore
ordered a video card, then found out the bitcoin address I had to send payment to was only good for 15 mintues.
WTH?
Stupid
I was gonna pay by withdrawing bitcoins from sealswithclubs but since they did this 15 m thing I couldn't.
Did Bitcoinstore meet its target? Let me guess: No
What do you expect with a volatile currency? That they leave the price fixed for an entire week or a day? Then a lot of people would be speculating, opening orders, and only paying for them if the bitcoin price went down afterwards. Lots of open orders that are never payed,reserved items that have to be classified as out of stock while they are not etc. . Not a very workable situation, imho. |
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It is really not right to blame victims but... Do you have a learning deficiency? Stop giving other people control and complete trust.
well, i tried trading bitcoins without having any in my online accounts, but it didn't really work so well. Perhaps it's my learning disability that prevents me from figuring this out. Please help me and explain it like you were talking to a 3 year old. Thank you You're funny! |
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It also reinforces the association by the public: Bitcoin that's a ponzi - now confirmed by the SEC.
They didn't make that assertion, on the contrary they make it clear this was a specific entity operating on top of bitcoin.. just like madoff. They could have made that release sound much worse then they did.. instead they made it seem like they are going to be policing btc fraud.. which from a utility point of view is a huge value add.. Well, they released this: http://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf , not sure i'd count this as a seal of approval. Guilt by association. For now, it seems to me that they are just doing their jobs decently. Press release was neutral to bitcoin, and the alert for Ponzi schemes involving bitcoin, well, they have a point don't they? |
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Spending less in a downtrend makes much more sense to me and it's backed by merchant announcements also. If Bitcoin feels undervalued to me, I'm more inclined to hold as much as I possibly can. When I feel it might be overvalued, I'm more inclined to spend them. That's how it is for me anyway, I don't know about everyone else.
My line of thinking too. |
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My SEPA Withdrawal arrived today (950€).
When did you initiate it? 4th of June. This year. SEPA withdrawal queue seems so completely random... |
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My SEPA Withdrawal arrived today (950€).
When did you initiate it? |
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The bear case is yet a new run of mr smith goes to faptown-
there's an exchange of btc, oh noes this means everyone receiving btc suddenly wants to sell- dumpocalypse.
there's no exchange of btc, oh noes btc doesn't have an economy, how can we possibly be worth 1 billion without an economy somebody save my penis!
lol |
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Paging PT operators.. how will you manage buy backs? Do we expect the full 0.0035?
The one I run on LTC-Global will be converting the entire final payment into LTC and paying it out in full. Awesome.... I'm going to go front run you. |
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