Are you sure it's not the Instawallet/Bitcoin Central coins? I am not sure, but the days destroyed metric is notoriously hard to interpret. Supposedly all the "younger than 1 year" coins are filtered, and instawallet's old cold coins were less than 1 year old. http://blockchain.info/address/1FrtkNXastDoMAaorowys27AKQERxgmZjY |
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Seems that all European bears have retreated to GoxUSD as they can't survive where they came from.
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OMG! Cute teddy bears are selling again!   |
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As cool as this would be, I'm filing it under "Believe When I See It" Jeff Berwick is a pretty established entrepreneur, I think his words has some weights behind it. |
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If the government declares it illegal to have gold and confiscates it all, you can't buy any bitcoin either...
I will just settle for OTC, people can sell it under all kinds of fancy names online, how is the government going to find out what's really being sold? |
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This week is going to be batshit insane, practically no walls, massive media attention  Although, I'm starting to get worried the lack of asks will cause a one-day gain of > 50% value and trigger a huge sell-off like in 2011 when people peg that as the peak. Was anyone here following the walls as closely as we are now? What did the ask/bid charts look like during that fateful day? It was quite the reverse - no bids and huge ask wall that was being eaten, it looked like a huge dark blue tsunami wave hovering over the tiny white streak of bids. Don't you just love newbies coming in to tell us how this is just like 2011? I was around in 2011, I just wasn't watching wall pics. That's why I was asking... We have seen several 2011 scale sell-offs already, and yes, a chain-fork. |
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we can just store our blockchain until the day everything resumed
It won't work like this. Network split will cause more blockchain branches, impossibility to move coins (so technically you'll have coins, but you won't be able to spend them for bread) and also panic on markets and price drop. Gold: unaffected :-P. It's possible to make the system supporting off-the-chain transactions: http://gavintech.blogspot.com/2012/07/off-chain-transactions.htmlBesides, I am sure something else can be worked out during the time of peace to avoid the problems you mentioned, like: merchants rejecting any transaction which is not confirmed in a number of geographically separated nodes. |
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Zero value may not, but there is a chance that your gold bars would not be worth much more than what you need to spend on securing them.
The chance that bitcoin will cost $0 tomorrow is a bit higher than the gold price will drop to its "industry price" anytime soon. Especially when bitcoin requires hi-tech environment (electricity, internet access), but gold doesn't. We have much bigger problems to worry about in a world without electricity and internet access, besides, we can just store our blockchain until the day everything resumed. And I doubt internet is so fragile, that thing was first designed to work under nuclear attack. |
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April Fool's Yeah I thought that too, but it looks legit... Eh we both failed, its not working with them, its mimicking the system (yeah good luck western union). I hope they realize how stupid it would be trying to reinvent the wheel, in a half-ass way. Creating their own digital currency is only going to cost them rather than making them money, if they can try to build a system upon Bitcoin then it's going to be a win-win situation. |
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I can only think of one other business where you can make as much money from the comfort of your bed as you can with Bitcoins!
we need to sell them to get the profit so i'm not sure we actually made any money. The hardest is to come : when to sell? No, you don't need to. You can make loans(if you are risk-aversive), or go long on leverage(if you are risk-seeking). |
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Apparently it's a well-researched article targeted at a serious audience, I doubt it's as simple as an April fool's joke.
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I am not sure about the legal matters, can I sign a contract with you which states that if you don't pay my bitcoins back then I can ask some sheriffs to remove you furnitures from your house?
I think in some nations like Germany I can, while in most America states I most likely don't have a chance.
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<snip - bull running accident image>
Poor proudhon  At least he promptly pays his gambling debt's  He truly is one of the most reliable sockpuppets in the game. Luckily it's only 3 BTCs. Bakewell went short @$34.5 with 600 BTCs, we all know what happened next... |
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And a reminder: no one but yourself should see your private keys.
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Someone just sold 6000 coins and could not even be bothered to drip-feed them out at 100 a time. So got about $2.50 less each, wasting $15k. Crazy.
Maybe someone selling $600,000 worth of BTC doesn't care enough for $15k to risk drip-feeding them. How long would it take? What are the chances someone else sells and drops the price? What if people catch on and start selling as well. Then of course there is the option that they WANT the price to crash. It has to depend on their capability to crash the market, we can't just assume someone with 300K BTC holding will magically appear and crash the market, there are only less than 10M BTC in circulation, and we have seen quite a few 100K size dumps which did not crash the market. I doubt there maybe only a few out there holding more than 100K, and hardly anyone holding more than 200K. If you think about it, that's the ingenuity of this system: sans any systematic failure, or new competing monetary system with groundbreaking advantages, any large-scale selling just reduces the probability of a future market crash, as the bitcoins will distribute into more hands more evenly, and this system, unlike a corporation stock, potentially has no single point of failure. |
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9760 waiting list at mtgox to be verified....
 But how can I verify this bold claim? make mtgox account, try to verify the account with bogus info. I think MtGox adds a 0 at the end of their waiting list. Have you ever seen a queue number without a 0 at the end? Or they just round up the last digit or two, as they can't update it in real-time it makes no sense to give an accurate number. |
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Someone just sold 6000 coins and could not even be bothered to drip-feed them out at 100 a time. So got about $2.50 less each, wasting $15k. Crazy.
Bitcoin will take every chance to increase its market stability. |
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I would think this may repeat itself, but the poor showing by the bears today almost has me wondering if they really are tapped out for a while. It's crazy I know, but I didn't expect us to have such a solid footing over $100 already.
The risk is not from the bears that exist now, it is from all the bulls which turn into bears when the price has risen "enough". Your crystal ball is as good as mine when putting a $$ tag on that one... Wild fluctuation at this stage is good for bitcoin, new users get a chance to get their fair share, the more people have it, the safer it is. As time passes, the number of steadfast holders on this forum will get less and less. |
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What?  No "hookers and blow" option? |
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