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1601  Economy / Speculation / Re: Why the winklevoss ETF failed on: November 28, 2014, 07:44:07 AM
I think that coin ownership will be one of the reasons for Bitcoin ETF to fail. You just can't guarantee, that the majority of coins aren't held by criminals, who earned it during the period where bitcoin was almost solely used by the black market and the coin supply was cheap.
Anyway, I think that there could be one last pump left with BTC. The pump that will be started by a "credible" rumor that ETF will be super successful. This pump will be the exit for the smarter speculators who started this rumor.

It's no surprise that no one even tries to debate OP's arguments. The majority of people here always try to ridicule someone who is critical about bitcoins success. To them, bitcoin is not a matter of debate, but a matter of faith.
At least the Unibomber's Manifesto was entertaining. The OPs rant was just silly and random. His statements didn't support any rational argument. Besides, there are already Bitcoin based financial instruments in the wild. Why doesn't the OP mention them?
1602  Economy / Speculation / Re: Losing faith on: November 28, 2014, 07:24:11 AM


Why would we ever see $500 again Huh

If that's what you think have you sold all your stash?

I'm a degenerate gambler and it was a legitimate question

I try to keep an open mind about the price. Perhaps falllling was right and the price will keep going down to nothing. Or the price might rise to $5000 because of all the other degenerate gamblers gambling money on it.


That's not how markets work... We are in a continued bearish slope & it's not stopping
And it's the same sock puppets that say the same nonsense year after year after year. The lamentations of the weak never get old. Your soulful cries whet the appetites of the Bitcoin Jungle predators. Meow.
1603  Bitcoin / Meetups / Re: SCAM ??? Bitcoin conference Dubai, 11-13 Dec on: November 28, 2014, 06:35:51 AM
Erik Voorhees is cool too and Dubai is his old stomping grounds.
1604  Economy / Lending / Re: Help with private bitcoin loan? on: November 28, 2014, 06:30:48 AM
"I will gladly pay you Tuesday for a hamburger today!" - Wimpy J. Wellington
1605  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 06:26:14 AM
Every once in a while a good dip let's me buy more coins to spend later. God Bless Bitcoin's volatility and may the next 6 years be as good as the last.
1606  Bitcoin / Development & Technical Discussion / Re: Pseudonimity compromised? on: November 28, 2014, 06:22:44 AM
It reveals IP addresses. That's still not entirely revealing. No doubt it will be counter-measured.
1607  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 06:04:15 AM
We're slipping into a Rule of Thirds cycle, but we may hold and go back up.
1608  Bitcoin / Development & Technical Discussion / Re: Bitcoin protocol standarization on: November 28, 2014, 05:57:54 AM
You must be new here. These questions gets asked about once per week. I'm probably not the best one to answer these, but I'll give it  shot.

Hi,

Everytime I tell some people about bitcoin they ask me "who controls it?". I tell them nobody does it because it is a protocol just like http or smtp. However sometimes I think that that is not true. Of course nobody controls the currency but the bitcoin core team is who takes the decisions about the "reference" implementation, what means it is the team that update the protocol even when there are other full-node implementations out there.
The core team leads the development, but doesn't dictate adoption. If fact, they encourage people to not use new updates unless they are a bug fix, until they are confident it is useful to them. Miners themselves make the choice and some are still using older versions of the protocol. If an implementation is not popular, it will be dropped.

In fact, if we have a "reference implementation" is because the thruth is in the source code instead of being in a specification document and that's also a problem. Moreover, you need to be a top hacker to understand the reference implementation source code because it is a bit messy so, if I am right, the thruth is in a messy piece of code.
Basically you're saying that "math is hard" and I won't disagree. Computers are complex, but I use them. Cars too. There are many versions, I can choose the one I want based on my needs. Bitcoin is holding up against thousands of competitors because it's that good.

These facts don't look very well because it means centralization and unilateral control. And there are other signals here and there, in this moment I can read "News: Bitcoin Core 0.9.3 has been released. Download." in the this forum header. I mean, it is more and more like the "official" node. Oh, the alert message described in the protocol specs looks like a centralised broadcast system (yes, I understand it is okay and is there for a good reason)

I think something should be done in order to improve this situation. I know it sounds awful but we need an agreement system like a IETF for the bitcoin protocol.

Is something similar in the roadmap?
We don't really need the Bitcoin alert system at all, it's just a convenience. We need better watchdogs with more powerful analytic tools. They can develop their own alert systems.
1609  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 05:30:46 AM
10,000 pages of utter shit!

stay classy, wall observers!
Thanks to so many useless posts. Present company excepted, of course.
1610  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: November 28, 2014, 05:23:07 AM
Now we must have the 'War on the Dollar'

Maybe war on the ignorance of dishonest money in general. Call it the "War on Financialization." I'm fine with dollars if they are backed by something useful and not the whims of lawgivers, at least in the short term.
1611  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 04:37:04 AM
i'm preparing an epic speech, you have been warned.

"I have a dream... It starts with CCMF GENTLEMEN!"

 Grin

you bitches dont have a clue what about to happen...


remember i recommend holding ammo, second best once in a life time buying opt. coming right up!  Wink
You win the lottery, bro?
1612  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: November 28, 2014, 04:30:34 AM
Where is future development going? Will we see a Trezor watch? Will we see full protocol support in a chip?
1613  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: November 28, 2014, 12:11:05 AM
"Maybe the largest unknown store of physical gold in the world is the Vatican Gold. For nearly two thousand years the church has been hoarding gold gained from wars and conquests in the name of God. Throughout the ages people have been shoveling vast amounts of gold into the collection trays every Sunday. The Vatican gold hoard is a closely guarded secret but I believe that it may be the largest collection in history if you take into account all the gold used in the artwork, crosses, trinkets, coins and cups owned by the church. The Vatican is all about privacy, secrecy and power and I guarantee you they know the true value of gold."

http://www.roadtoroota.com/public/181.cfm

Didn't Italy have money problems? Wink

The Pontifical Swiss Guard is in between the Vatican gold and the Italians.


Wait until he puts on his scary clown makeup.
1614  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 12:03:54 AM
We are dangerously close to a Rule of Thirds cycle. There's no superstitious numbers at work.
1615  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 27, 2014, 11:54:52 PM
http://wallstreetpit.com/106363-the-false-analogy-between-gold-and-bitcoin/

The fails just keep on coming. I love his note at the bottom.
It seems to be a reasonable Op-ed.

Quote
But the resources consumed in this process are necessary, given the safeguards that have to enforced to ensure the integrity of the payment system.
1616  Economy / Speculation / Re: I AM HODLING on: November 26, 2014, 10:14:09 AM
To add something informational to that thread I would like to point out that I do HOLD.
That's not something you want to say to the cops.
1617  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2014, 10:07:11 AM
Auctions have usually been won by long term investors. Why buy at a premium (and they do buy at a premium most of the time) only to dump immediately? That's burning money...

How do you know they buy at a premium? Have there been any major auctions where the price was made public?

Nope, and never quite figured out why people think this.

The losing bids that were made public after the first USMS were up to 10% below the market price. No reason to think the winning bid wasn't 9% or 5% under, or even just market price.
Because private auctions don't work like that.
1618  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2014, 10:04:19 AM
Auctions have usually been won by long term investors. Why buy at a premium (and they do buy at a premium most of the time) only to dump immediately? That's burning money...

How do you know they buy at a premium? Have there been any major auctions where the price was made public?
bulls are praying that tim draper buys them all again.
He bought less than two weeks worth. That's hardly all.
1619  Bitcoin / Bitcoin Discussion / Re: Long Live Proof-of-Work, Long Live Mining - "there is no meaningful alternative" on: November 26, 2014, 09:58:14 AM
Governments or any DOS army can attack a pool, but 2 more will take its place. There are many small pools ready, willing, and able to scale.

Government won't attack directly, they will blackmail a couple and then attack Bitcoin. As the Ghash incident showed, miners are slow to react and don't care about the health of the network, otherwise by now they would've diversified.
The last fork was reacted upon very quickly. Pools operate on greed. How do you blackmail thousands of miners? This type of unspecified FUD is the silliest of all. Please be specific about how exactly a person of any authority can do this.
1620  Bitcoin / Bitcoin Discussion / Re: We are still the very, very early adopters on: November 26, 2014, 02:49:18 AM
if we are still the very very early adopters, what are the implications?
Our children will blame us for having cheap bitcoins and squandering them instead of hodling.
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