It's not a handout and its primarily in support of bonds for growth projects. Are you implying the government is investing the money they print on something useful? Last time I checked America's infrastucture got a D+. Why didn't they spend that money on that when they did the stimulus package instead of tax break gimmicks. We're trillions of dollars in debt and have nothing to show for it. There was a lot of construction happening on the interstates between WV and Illinois last weekend. (not that that has anything to do with QE) |
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That selling bot is fcking annoying. What/who is that? Why??
That one guy is literally suppressing the market lol
Arbitrage. It buys on stamp. |
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These BF1 miners are pretty sweet, would take over 30 block erupter USBs to equal what I have in this pic
So, you paid $280 for bitcoins that are worth $140. Did you know that hardware would never ROI when you bought it?. So you can predict long term price and difficulty? Cool, you should be rich soon. |
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Any effect on price is already worked in to the current value. Come on, we know this by now  Pumpers gonna pump. Buy the rumor, sell the news. |
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Mining is extremely profitable against running costs right now. You don't need any higher exchange rate for that.
+1 |
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I don't put much faith in long term price or difficulty predictions, especially without visible rigor. I am a long term supporter of cryptocurrency, but I have my long term holdings and I also spend btc on various goods and services. Having a small stream of btc whenever I need heat seems like the best thing in the world when I'm cold.
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seriously. i have high hopes for the results of this investigation.  If it were "public" it wouldn't be a problem for the trader. It is a problem for the trader if it is non-public information upon which a trade is made. Finding a public release of the information would get the traders off the hook, but could still point to malfeasance from the Fed folks that leaked it publicly. You mean like in a "sealed" press area where electronic communication was allowed? |
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% doubt it, what's the point of only partially repaying off your credit card at all. they'll just make minimum payments and wait it out. only mgio here sounds like he wants to sell at a neverending loss  So you are betting on BTC increasing fast enough to outweigh the 20%+ interest being charged for not paying off the balance? 20%, kind of high, YEARLY interest... 100% yes Some aren't borrowing money.. and only 4% yearly interest if a mortgage was used I could have financed a rig at 3% per year with a credit card. However, I paid for mine with bitcoins @ $180. But nice try. Since bitcoins were at 180 for only 2/3 days. I wonder what you could have ordered at the time. I'm pretty sure that you will not reach ROI even at 180. Unless you care to share Depends on how you calculate ROI. I spent 19 btc on 50 GH/s that should arrive in a week or two. I will not ROI in BTC terms unless price craters and difficulty follows, but at the time, I was looking to reduce some direct price exposure. Since I am completely unleveraged, I will likely ROI in USD terms if I am patient. Electric costs are low, plus it is almost the time of year where heat is more valuable than electricity anyway. |
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We either need blocks or all the transactions can be stored in memory at every node.... But then the coins can't be spent again until they are in a block. So, yeah, we need mining to keep this shit rolling.
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% doubt it, what's the point of only partially repaying off your credit card at all. they'll just make minimum payments and wait it out. only mgio here sounds like he wants to sell at a neverending loss So you are betting on BTC increasing fast enough to outweigh the 20%+ interest being charged for not paying off the balance? 20%, kind of high, YEARLY interest... 100% yes Some aren't borrowing money.. and only 4% yearly interest if a mortgage was used I could have financed a rig at 3% per year with a credit card. However, I paid for mine with bitcoins @ $180. But nice try. |
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Oh man i hate so much that 1.0 BTC bot that sells every 5 seconds, it's has been selling for weeks at the tops and the bottoms. It seems that has an infinite supply of coins and is painting red all day my dear clarkmoody, please stoooop, you can't withdrawal dollars from Gox so don't sell Or maybe he can? If he has enough funds to make arrangements with Gox (and selling 1 BTC/min seems to indicate he does), he will make bank on the arbitrage. BTW, "someone" is also making corresponding buys on stamp.  |
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Finally Took the plunge w/ block erupters cause they are SUPER Cheap (mine were 23 dollars out the door, shipping included). Before you have something to say.... It will be relegated to mining alt coins come february.  WUT? Good luck noob namecoins and devcoins ftw! |
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Savings drive the economy. QE destroys savings and thus cannot help the economy long term.
People who wish to learn some real economics should study the Austrian school of economics.
That's a good place to start, just don't stop there. |
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Every Bitcoin being traded on any exchange is an IOU. It's not that it needs to be glossed over, it's that people need to understand what an IOU is. An IOU is simply a balance. The USD or BTC "balance" in your Gox or Bitstamp account are simply IOU's. Gox or Bitstamp "owe" you that balance. You "trust" them to give it back when you ask for it. Ripple just lifts the veil...while it is shocking to some at first, it's only because you didn't realize that nearly everything you do with currency is via IOU. The balance you see in the ATM is an IOU. The amount you see in your Paypal or Dwolla account is an IOU.
You don't trade on an exchange (IOU issuer) you don't trust, you don't bank with a bank (IOU issuer) you don't trust and in Ripple, you shouldn't use a gateway (IOU issuer) you don't trust. It's all really that simple. Nothing stops you from emptying your bank account and storing the cash in your mattress, just as nothing prevents you from withdrawing your BTC back to your wallet for storage.
On another note, I'm very happy to see the unscientific poll results to be where they are. It shows that not only are more and more people finally beginning to understand Ripple, but that more and more people actually care about crypto and the fiat problems it solves more than just a single crypto currency. It's the tech that's disruptive, not the brand.
I understand all that. Which is why most of my net worth is stored in offline bitcoin wallets. I prefer to take responsibility for my own money. XRP is also stored offline, the "secret key" you get when you create a ripple wallet is analogous to the private keys you can export on blockchain.info (on ripple.com/client, an encrypted blob is stored on payward.com and decrypted with your wallet name and password so the web-client can sign transactions with your secret key). Now, even though you can take responsibility of your own private keys, your net worth is directly affected by problems at the major bitcoin exchanges. Especially when only one or two big exchanges maintain a monopoly (eg if trading lag at MtGox crashes your net worth). Centralized/"balkanized" bitcoin exchanges with wire transfers as the only way in and out are clearly a problem. Ripple is a solution for that (not saying that it's a perfect solution, but something that exists is better than something described in a proposal). Good job ignoring context. |
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Have to say I'm slightly alarmed by the number of people who think ripple will help the bitcoin economy!!!! (At the time of posting 32%) Does fiat money help gold and siver? no. exactly.
You confuse the Bitcoin economy (use of Bitcoin's payment network) with the value of a Bitcoin (use of bitcoins as a currency). Certainly Bitcoin has value due to its unique properties, so if some competitor has similar properties and takes "market share" away from Bitcoin that will decrease the demand for bitcoins and thus a lower exchange rate. But my interest in seeing Bitcoin succeed has more to do with seeing an alternative to fiat become widely used, not to maximize the Bitcoin exchange rate. Ripple makes up for the weaknesses in the payment network surrounding Bitcoin, etc.
Bingo. Anything that adds to Bitcoin's utility should be welcomed. I just was at an event in which silver was one of the payment methods accepted. Let's say I only had bitcoins. I could have used Ripple to convert my bitcoins to DYM (voucher), and the merchant would then receive silver: Introducing Ripple Currency: DYM - http://bitcointalk.org/index.php?topic=149533.msg3219655#msg3219655 Both of us would have been happy. Neither of us would have touched fiat. That, ... would have been a win. The only problem being that any currency besides XRP in the Ripple system is only an IOU. Not necessarily a problem if you are dealing with people you can trust, but not something that should be glossed over. Every Bitcoin being traded on any exchange is an IOU. It's not that it needs to be glossed over, it's that people need to understand what an IOU is. An IOU is simply a balance. The USD or BTC "balance" in your Gox or Bitstamp account are simply IOU's. Gox or Bitstamp "owe" you that balance. You "trust" them to give it back when you ask for it. Ripple just lifts the veil...while it is shocking to some at first, it's only because you didn't realize that nearly everything you do with currency is via IOU. The balance you see in the ATM is an IOU. The amount you see in your Paypal or Dwolla account is an IOU. You don't trade on an exchange (IOU issuer) you don't trust, you don't bank with a bank (IOU issuer) you don't trust and in Ripple, you shouldn't use a gateway (IOU issuer) you don't trust. It's all really that simple. Nothing stops you from emptying your bank account and storing the cash in your mattress, just as nothing prevents you from withdrawing your BTC back to your wallet for storage. On another note, I'm very happy to see the unscientific poll results to be where they are. It shows that not only are more and more people finally beginning to understand Ripple, but that more and more people actually care about crypto and the fiat problems it solves more than just a single crypto currency. It's the tech that's disruptive, not the brand. I understand all that. Which is why most of my net worth is stored in offline bitcoin wallets. I prefer to take responsibility for my own money. |
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My GPUs where still minig at lost when BTC where exchanged at 2$ .. I sold those BTC over 200$..
So, I dont plan to stop mining as I will sell those over 2000 $ ; P
Hmm - but instead of paying for your electricity you could buy BTC and you'd have them more than with mining. Then you could also sell them over 200$ and be better overall. There is no rational case for mining when you pay more for electricity than you'd pay for the BTC bought directly. Buy maybe your argument is that some people never get this idea that they could buy more BTC then they mine - so they will be mining BTC regardless of the economy of that. That's possible. People are lazy and it is easier to keep mining than figure out how to buy bitcoins. |
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Have to say I'm slightly alarmed by the number of people who think ripple will help the bitcoin economy!!!! (At the time of posting 32%) Does fiat money help gold and siver? no. exactly.
You confuse the Bitcoin economy (use of Bitcoin's payment network) with the value of a Bitcoin (use of bitcoins as a currency). Certainly Bitcoin has value due to its unique properties, so if some competitor has similar properties and takes "market share" away from Bitcoin that will decrease the demand for bitcoins and thus a lower exchange rate. But my interest in seeing Bitcoin succeed has more to do with seeing an alternative to fiat become widely used, not to maximize the Bitcoin exchange rate. Ripple makes up for the weaknesses in the payment network surrounding Bitcoin, etc.
Bingo. Anything that adds to Bitcoin's utility should be welcomed. I just was at an event in which silver was one of the payment methods accepted. Let's say I only had bitcoins. I could have used Ripple to convert my bitcoins to DYM (voucher), and the merchant would then receive silver: Introducing Ripple Currency: DYM - http://bitcointalk.org/index.php?topic=149533.msg3219655#msg3219655 Both of us would have been happy. Neither of us would have touched fiat. That, ... would have been a win. The only problem being that any currency besides XRP in the Ripple system is only an IOU. Not necessarily a problem if you are dealing with people you can trust, but not something that should be glossed over. |
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please explain how mtgox insolvency effects the price of bitcoin on bitstamp
Negatively |
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Demand arises from businesses accepting bitcoin, not from one time investments.
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... The timestamp could be from the .gov site or any site that crawled it.
And, as I explained, it would be worthless. I don't understand your obsession with it. And I still have seen no proof for what you are saying.
What exactly are you disagreeing with? I only made two claims: 1. There are dozens of people (Fed employees, board members) who knew the decision before it was public. or 2. Most of those people are very well connected with Wall Street and government officials. I was disagreeing with this assumption > When the Fed announces a 2pm release, they don't publicly release early. I think its entirely possible that the minutes were available on a public facing server before 2PM EST. If I was able to find half a dozen independent sources that had crawled this public facing page at 1:56 then the reasonable assumption to make would be that the minutes were released early, not that the half a dozen independent servers had their system times manipulated. Well why didn't you say so? Although, if I put on my tinfoil hat, you would only need to manipulate the atomic clock driven timeservers in Colorado to compromise most of NTP. However, taking the hat off, I doubt such manipulation would go unnoticed. |
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