What trash:
"At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock."
Say huh?
Say I have some bitcoin and I want to buy Facebook stock (not sure why, but just go with me here). How hard would it be, what is the easiest way to trade bitcoins for stock? How would that be any different if I was using Paypal or Venmo (never heard of it before, but apparently its the new thing)? Edit: OK, I looked at the venmo website. It is a centralized, dollar based electronic payment network only available in the US. Not really the same thing as Bitcoin, more like paypal with a nice phone app. |
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friedcat is really working hard; the power continues to grow. It's up to a high of 2112 GH/s now.
Does it make sense to bring everything online now given the difficulty adjustment which will happen? I guess yes given (eventual) competition, and it is all about % of hashing power controlled. Start mining with whatever you got, it will scare some little fishes out of the mining game and leave more for us. |
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It would be nice if I could pay my bills with bitcoins. Stuff like:
Insurance
Phone bill
rent
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Because bitcoins act sorta like cash, is it illegal to make a bitcoin transaction over the threshold as well?
How do they possibly think they will be able to police this? Cash transactions are untraceable, how is making a law going to make them any more traceable?
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Ugh, of course Google would adopt another fiat based currency like Bitcoin (Bitcoins value is inherently tied to the USD). When are we going to have a currency with real value?
This makes no sense. Have you seen how the USD/BTC exchange rate has changed over the past couple months? Clearly they are not inherently tied together! |
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Could this have been whoever it is running a 1 Thash miner cashing out all the bitcoins they made today?
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Busting right now how far is it going to crash down to?
Aaaand ... it's back up again. |
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The higest price was 31. something
Depends on how you define the price. The highest price paid on Mt. Gox is about 32, but the highest price paid by anybody is higher than that (I think I saw somebody said they sold some for over 40). |
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Are there any predictions when or how soon the market will stabilize? Also what was the highest value it has reached and how long did it stay there? I know i could prolly look this stuff up but im lazy any info would be appreciated thanks
It is hard to predict when it will stabilize. The current price is the current highest price (taking a weekly average price). In the past, the price has moved upward and then stabilized in about 8-10 week long movements, so it could stabilize in a couple weeks. Or it could just keep going up for a while. http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgSza1gWMAzm1g7zm2g25zvzl |
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There seems to be very limited amount of these shares for sale, do you plan on selling more?
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Got 8 boneless skinless chicken breasts from the market for less than half a bitcoin yesterday.
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Going on pure speculation one can argue that with the reward halving, BTC value should be priced in at $26
That is silly, the number of bitcoins did not drop in half, just the number which are being produced. All the bitcoins that have been out there are still around. I am not a bear exactly, I think the price will go up a little, but I think it will stabilize somewhere below 100 USD. |
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Every time I start moving money towards bitcoin, the price jumps while I am waiting for my money to get to the exchange.
Okay, lets test my theory. I started a deposit to MtGox today, which means the price should rise between now and Feb 12th (when Dwolla says the transfer should be complete). Current price: 22.08 USD per BTC (45.3 mBTC per USD) Alright, my funds just got to MtGox, and the price stands at 25.71 USD. That is a 16.4% increase in less than a week. So my theory must be correct, the price is influenced by my intention to buy more. its the other way around. your intention to buy more is influenced by price moments. So you are saying one action was influenced by a future action? |
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Scammer accusations occasionally get a response where polite requests fail.
ok thanks, I was trying to avoid that but here goes: WOULD ALL THOSE ASSET ISSUERS NOTIFIED BY NEFARIO ON 12/12/2012 CONTACT THEIR SHAREHOLDERS AND UPDATE THEM ON THE STATUS OF THEIR SHARE HOLDINGS I will wait and see if I get contacted (five companies) and if not list them here as unreliable. reg. I am not sure if all the asset issuers received shareholder lists by that date? It seems Nefario was very slowly doing these things one at a time. Evoorhees in the FZB thread just said he still has not received any information about shareholders. By the way, I tried to send Nefario a PM, and it said he had blocked me. Is it just me, or has he blocked everybody from sending him PMs? |
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I have used the scientific method (hypothesis followed by experiment). It's pretty simple actually: Every time I buy the price goes down. Every time I sell the price goes up. Last night I bought in with half my capital, so we should now see a period of stability  Every time I start moving money towards bitcoin, the price jumps while I am waiting for my money to get to the exchange. Okay, lets test my theory. I started a deposit to MtGox today, which means the price should rise between now and Feb 12th (when Dwolla says the transfer should be complete). Current price: 22.08 USD per BTC (45.3 mBTC per USD) Alright, my funds just got to MtGox, and the price stands at 25.71 USD. That is a 16.4% increase in less than a week. So my theory must be correct, the price is influenced by my intention to buy more. |
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For sure... It is artificially scarce in that situation, Just like BTC. This is an important issue. So if TP was made artificially scarce by hoarding. Yes I would be willing to pay more maybe up to five dollars a roll, but there would be a limit. So what happens here is I buy at 2 then at 4 then at 5, but that is it after that fuck TP i will use magazines. So people are willing to bear the cost up to a point scarcity is not the only factor in determining value. If the BTC community continues to treat a currency like a commodity people will find alternatives. BTC is for spending not hoarding and the guys that do are selfish trolls that are tarnishing the image of an otherwise beautiful idea.
You keep saying that "BTC is for spending, not hoarding", but all bitcoins must be held by somebody at all times. How do you have people spending bitcoins if there is nobody holding them? The TP example is a bad one because TP has a specific use, and as you point out, if the price rises too much for that use case then people will find alternatives. But the same does not apply to bitcoin, no matter what the exchange rate bitcoin functions just as well for its purpose: as a currency to transfer value between people. If I want to send $5 to my friend, if BTC is $20 then I send 0.25 btc, or if BTC is $100 I send 0.05 btc, or if BTC is $0.10 then I send 50 btc. See, it does not matter what the exchange rate is, in any case I can just as easily send that value through the network to my friend, or my supplier, or whoever I need to send money to. |
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Bitfunder requires Weexchange account, and Weexchange requires scanned documents to get the "verified" status. Did you consider using btctc.co or cryptostocks?
I think you only need to be document verified if you are withdrawing fiat? It is a bit anoying to have to go through one more hoop to move money onto/off the exchange, but I have used it for deposit and withdrawing bitcoins and it was not much worse than using other websites that hold bitcoins. |
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Is this figure before or after subtracting out all the known lost coins? |
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What is going on here?
Ron Paul on the UN:
"Those bureaucrats are not satisfied by meddling only in international disputes, however. The UN increasingly wants to influence our domestic environmental, trade, labor, tax, and gun laws. Its global planners fully intend to expand the UN into a true world government, complete with taxes, courts, and a standing army. This is not an alarmist statement; these facts are readily promoted on the UN’s own website. UN planners do not care about national sovereignty; in fact they are actively hostile to it. They correctly view it as an obstacle to their plans. They simply aren’t interested in our Constitution and republican form of government."
And now he goes to the UN to take private property away?
Link Please? What the heck are you rambling about? |
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