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1621  Economy / Economics / Re: Greece could become crypto-land with a crowdsourced bailout. on: February 23, 2015, 04:59:34 PM
It is too dangerous for a state to adopt crypto at the moment.  When Bitstamp goes down, it is annoying for a few days, but life goes on.  If Greece got hacked, then the entire country would grind to a stop!  Some serious firewalls would be needed in advance, as well as simplifying the process for less high tech people.
1622  Economy / Speculation / Re: New auction for 50000 btc from US marshalls! on: February 23, 2015, 04:57:29 PM
They do seem keen to sell low and keep the market down, I don't know why they are doing it in tranches either...
I hope this is it though and hopefully someone with a big name will buy in the auction.
1623  Economy / Speculation / Re: Position and Outlook poll: 2015 on: February 23, 2015, 04:56:08 PM
B1, my average isn't really high though, maybe $280, I personally think that some currency transfer companies will start to utilize Bitcoin and the price will increase a lot.
1624  Economy / Speculation / Re: BTC or Gold/Silver on: February 23, 2015, 04:54:53 PM
Long term, gold or silver is the safe choice, but Bitcoin obviously has a more speculative upside, and biggest risk of downside.
1625  Economy / Gambling / Re: What type of Gambling do you prefer? on: February 23, 2015, 04:53:39 PM
I always thought that dice games were boring and for mugs, but they are actually far more interesting than I thought.
I still ended up losing on Just-Dice, but it was a journey!
1626  Economy / Gambling / Re: [POLL] So.. How's your Gambling journey so far? on: February 23, 2015, 04:52:25 PM
I am well up in my life, but on dreadful form at the moment!
1627  Economy / Gambling / Re: Football and NFL betting this weekend. on: February 21, 2015, 09:25:17 AM
Ok today i am going for a man Utd and arsenal away double.
As it is a big game here, I will go for a daw in the Mainz vs Eintracht derby
1628  Economy / Gambling / Re: FORTUNEJACK.COM | No.1 for Cryptocurrency Gambling | Provably Fair | 1 BTC BONUS on: February 20, 2015, 08:20:02 PM
still cant log in . can anyone here log in at?
I can't log in, have tried several times for the last few hours with Firefox and Chrome...
1629  Economy / Gambling / Re: Football and NFL betting this weekend. on: February 20, 2015, 08:12:03 PM
3rd goal scored, so the bet wins, it's about time I had a winner!
Stuttgart are dreadful mind, I can see more goals in this one yet.
1630  Economy / Gambling / Re: Football and NFL betting this weekend. on: February 20, 2015, 08:04:49 PM
1-1 with Dortmund down to 10 men after 33 mins, looking good, not for Dortmund though, they were dominating!
1631  Economy / Gambling / Re: Football and NFL betting this weekend. on: February 20, 2015, 06:53:00 PM
actually, just seen stuttgart have the worst home record in the league! Just the overs then, both have joke defences at the moment
1632  Economy / Gambling / Re: Football and NFL betting this weekend. on: February 20, 2015, 06:51:09 PM
I still don't buy that dortmund are back, I'm going to bet small on Stuttgart at 6.31 tonight.
1633  Economy / Services / Re: FortuneJack.com NEW Campaign – Earn 0.12 BTC!!! Weekly Payments. on: February 20, 2015, 06:45:48 PM
I've been away so haven't been able to check until now, but I can't log in to Fortunejack at the moment, so can't confirm..
1634  Economy / Gambling / Re: What is the most fair site you have played? on: February 18, 2015, 09:25:17 AM
Fair is if the game is rigged or not, thre is no fairer, just fair or unfair.
The best value is another question, but 0.11% is a low house edge, I agree.
1635  Economy / Speculation / Re: Spring is coming on: February 17, 2015, 07:42:19 PM
You might be saying. Same hint about this low price soon enough.
There might have been some manipulation in the market at the peak, but I dismiss the nature rise is just rewriting history.
1636  Economy / Gambling discussion / Re: BEST SOCCER/FOOTBALL BETS !ODDS ARE ON YOUR SIDE!!!#BEST ✔✔✔(W27/L10) on: February 17, 2015, 07:37:15 PM
MATCHES FOR TONIGHT

Shaktar - bayern

bayern wins
odd:1.5

PSG - Chelsea
X2(double chance)
odd:1.6

Safe bets, good luck.
Bayern should be safe as houses, I could imagine mourinho settling for 1-0 though, he is so negative in first legs

chelsea will be a good game,no goals or a lot of goals
cant  wait to watch it,also i can see that chelsea will draw this or win it!!!
PSG are like Man City though, they need to start doing well in Europe soon, especially if they keep buying up quality.
1637  Economy / Gambling discussion / Re: Betting On Cricket World Cup [Help Me Bet] on: February 17, 2015, 07:04:12 PM
eng vs New Zealand new zealand should win right


Eng will win that match, you did not see what Scotland did with New Zealand?
New Zealand are hit and miss though, just like England. I still fancy England to win, but they love to disappoint.
1638  Other / Politics & Society / Re: Drug charges dismissed; it really was vitamins on: February 17, 2015, 07:01:54 PM
I have worried when taking white powder through customs before, it's always been energy drink powder or protein powder but I guess it would a long time to prove that!
1639  Other / Politics & Society / Re: Study: Junk Food more Deadly than War, Famine, Genocide (Add'l article incl'd) on: February 17, 2015, 06:59:06 PM
Over eating is kills more, but you can over eat on things that aren't junk food.
I train everyday, so could eat junk food and not be overweight. The film fat head is worth a watch.
1640  Economy / Economics / Re: How I figure the Bitcoin marketcap on: February 17, 2015, 06:54:27 PM
I think you are confused. Market capitalization is simply the market value which is $price x shares outstanding.
In bitcoins case it is $price x #bitcoins in existence currently.


Yes, your formula is correct.  That is how market cap is determined in the present.  

I am talking about how the market comes to that conclusion.  So this is the formula for the whole process.    

I think you have it backwards. Market cap is the price of a share times the number of shares. All other meanings, including yours, are inferred from that. The number you are computing is something, but it isn't market cap.

You are basically doing this:

value = earnings x P/E

which is another way of computing the value of something.

For companies yes, for currencies not so much!
Number of coins x value of the coin.  Easy
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